The market structure presents a possible bullish bias on the pair
If we zoom out to the higher timeframes, the monthly perspective is till quite bearish for me. However, on the weekly timeframe the price has been pushing up very aggressively for the past weeks. The last 3 weeks of price action have shown some exhaustion with profit taking occurring at 1.07500 and 1.07000 key levels. I am cautious and aware that any short...
We need a greater accelerating channel for possible upwards move. buyers likely to buy at 62000 level corresponding to Fib Retracement of 0.5. Price might create a fast impulsive bear move before breaking monthly high of 65500. Good R:R ratio. Good Luck!
AUDJPY Short Idea Overall higher timeframes are very bearish however we have a strong bullish 4hour trend. Currently price action is at a key level around 70.000, the 61.8% fib, and weekly resistance zone. Ideally a strong reversal from this level followed by lower timeframe transitions would be enough to target lower toward 67.500 If we do see this strong...
AUDUSD Short Idea The daily timeframe and higher are significantly bearish but we have seen a very strong 4 hour bullish trend. From the current level we will be able to decide if the overall bearish trend will continue or if this 4hour trend will push price action higher and start the daily trend transition to the upside. Price action is currently at the 88.6%...
Hi there. There are 2 possible scenarios on AUDJPY. The first one is wait for the price to reach the SMMA . If price moves correctively, wait and watch strong price action for buy. The second scenario is possible if price starts to move impulsively to the downside. If that happens wait for the price to form a continuation pattern and watch strong price action for sell.
Hi there. There are 2 possible scenarios on EURAUD. The first one is wait for the price to reach the SMMA. If price moves correctively, wait and watch strong price action for sell. The second scenario is possible if price starts to move impulsively to the upside. If that happens wait for the price to form a continuation pattern and watch strong price action for buy.
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for sell.
Wide Aussie - JGB yield spreads in the 2000’s leading up to ‘08 crisis made Aussie dollar / JP yen the go-to levered carry trade used to fuel the US housing CDO bubble (with subsequent bubble burst → mass unwind which strengthened jpy to 70 vs USD). Post crisis era saw the AUDJPY carry trade out back on. 2016- BOJ implements YCC, pinning 10y JGB yields at ~0%,...
Time to short audusd very close to the trendline I don't believe that the aussie dollar is able to break this trendline RRR= 3.05
the over all movement of AUCDCHF movement is going in an uptrend channel. however, the priceline is reaching a strong resistance area and we expect the price to reverse once we have a breakout. on the other side if the price broke the resistance level 64000 we will wait for a retest then we will go long.
Looking at the Daily TF we can see that the priceline is reaching a strong resistance area and that it's going in a downtrend channel. now when we switch to the 4H TF we can the the ascending triangle that is forming and once we have a breakout we would place our sell order. On the other side, if we have a breakout of the resistance we will wait for the...
- Price could break black trendline - Look for re-test of trendlines (black & blue) - Observe price action at 70.30 - Immediate entry can be placed at 70.30 or wait on bearish candle stick formation for entry - NB: Small risk high reward trade
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.0665). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...