Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.067). 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 dynamic...
🔸 4H CHART EXPLANATION: . 🔸 Price is on a clear downtrend moving inside a Descending Channel. . 🔸 It has broken the Support Zone at 1.9200 and now it is looking for a pullback to that level. . 🔸 It has potential to reach the Support Zone at 1.8800 if the downside move continues. . 🔸 Will look for a lower timeframe bearish setup. 🔸DAILY CHART ANALYSIS:
AUDCAD price testing monthly resistance level. I will look for short opportunities if I see TL breakout.
AUSSIE CAD is coming up to strong monthly resistance. Good area to look for an entry long or short. The bias is to the upside as its in an uptrend but will wait for confirmation. note* Canadian GDP MM and Yearly Earnings YY and raw materials figures released tomorrow, might make the situation slightly choppier so will stick to the higher time frames.
Hi, friends. Like we see on X-volume there is no new contracts volume from 0.6440. And we have last day only distribution process on the market. So my opinion its strong short to 0.6440. Maybe we will found there some volume. Levels thanks to X-lines indicator. If you want to try X-Volume trial write private. Link to X-Volume below. Waiting your likes!
GA retrace may soon come to an end maybe in london session a nice R/W short
Data Prints; AUD RBA Trimmed Mean CPI (QoQ,Q1:)+ 0.5% AUD COnsumer Price Iddex: (YoY) (Q1) +2.2% RBA Trimmed Mean CPI: +1.8% AUD CPI (QoQ, Q1): +.03% Westpac forecasts headline inflation of 0.1%qtr, 1.9%yr, with falls in holiday travel (impacted by the bushfires and virus disruptions) and petrol prices. The Q1 trimmed-mean CPI is forecast to be a subdued...
From its peak on 16th March, within less than 2 months we've seen price drop -16%. However, from this chart pattern we could expect to see a reversal and from a COT perspective banks are now adding Euro longs while reducing their Australian dollar holdings which could also suggest that the market could be bottoming out and attempt to create a base. We are keeping...
HI EVERY ONE The AUD/CAD has reacted to its support level and will move upwards. AND BEST TIME TO TRADE. Follow me Good news is on the way.
Greetings. Please leave a Like if you like the idea. In 30min TF we are creating a rising wedge pattern in AUD/JPY, So I think there one more touch upside before leg down could be drop at range high or if range low could be hit. Peace Out! Not a Financial Advice Also big channel
aud usd can see on the 15 minute near weekly resistance and daily resistance levels - we see a more impulsive 15 minute candle to the downside - there may be a possible of testing down to to the range of previous 15 minute major support and previous 4 hour support range as depicted by the red lines
Signal ID: 71671 Time Issued: Wednesday, 29 April 2020 06:00:15 GMT Status: open Entry: 1.65496 - 1.66364 Limit: N/A Stop Loss: 1.64192 The Congestion Opportunities Strategy has just bought EURAUD at 1.6593. The system recommends entering this trade at any price between 1.65496 and 1.66364. The signal was issued because the 28-hour Relative Strength Index...
long from here could be very good profits - ascending daily channel to resistance of daily top or bottom of weekly resistance moku cloud looking good
Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see, the pair gave a breakout from trendline and its heading towards support Let us know your views on this in the comment section. Thank you all. There is good news for our...