This pair is bearish overall. The nose dive was pretty major last week. So we might get a retracement to adjust for the continuation. Nothing fancy. This has the making of a pretty nice swing trade. BEAR TPS: • 1.95588 • 1.94329 • 1.93029 • 1.92369 BULL TPS: • 1.98068 • 1.99678 • 2.00835
hello everyone as you can see AUDUSD direction is always going up and a lot of indicators confirm to go long and many traders still holding the trades so i think AUDUSD still going up
Strong support has been broken 1.9870, a retest of it would be a nice oppurtunity for sell. Second chance to sell if price didn't retest is when price will break the trendline and retest it around 1.9510
if the price can't get over the resistance level (1W chart) there will be a great chance for short positions until the support area please wait for the confirmation and do your own research before entering any trade
#AUDCAD - Tendency: Bearish Observations: I - Candle sticks have formed weakness ii - RSI shows overbought iii - Price reached a key level at 0.8900 Note: I - I won't take this trade until i see a more clear reversal signal on the 15min timeframe ii - If price pullsback and rejects the 0.8800 level and begins to push lower, I will take another sell and the...
02:00 UTC Friday the 17th will be a notable event for key-event risk going into next week. The problem with this print is that Chinese GDP will be looked at with a very high degree of doubt. I don't think it will move the USD/CNH as much as it will move the AUD/USD, the world 's FX proxy to the Yuan. This includes the AUD/USD and the AUD/YEN. The AUD/USD doesn't...
possible bear flag or rising wedge on the weak Australian dollar.
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 that there is an inverted cup and handle chart pattern. Cup has been formed if the pair makes the handle one can wait for the handle to form and then take a sell call. If,...
AUDNZD buy stop 1.01658 SL 1.00527 TP 1.03916 R= 113.1 pips Si el precio llega a 1.02792, mover SL a 1.01887
AUD/CAD has been trading in this channel on the 1hr Renko ATR chart since mid March. I can see a short coming of around 250 pips. Nice divergence set up also on the 15 min Renko ATR chart. Good luck, stay safe, stay at home and protect lives. ## Happy trading
Looking quite Bearish on all Oscillators and Structure. There was also multiple fake outs to the upside of the channel. Wait for the clean Break of the bottom of Trend line before entering.
outlined are major S/R levels, I am looking for a "dead cat bounce play if the down side momentum can reverse from this level over the next few weeks. I would like to see either two scenarios play out rejection at 5980 or consolidation above 5980. Currently looking for longs if we can find a trend to the upside as a relief rally, entering short from this level is...
Currently up +167 pips on AUDCHF. This was a VIP signal that I called out a couple of days ago. Here's the original analysis: AUDCHF and correlating AUD pairs could be making a comeback after HUGE hits towards their economy for the past month. The bubble finally blew and it came in the form of the coronavirus. With news of the virus hitting its peak soon and...
AUDUSD is near 0.60992 today which is an important level in the short term. The 4-hour chart is showing us that it is in an up channel. The levels we must watch in mind are the following: 0.55638, 0.57180, 0.59009 - 0.60992, 0.61917, 0.64605 Note: If we break through 0.61917, it is highly likely the next major resistance is around 0.64605. What do we have...
Looking at this previous resistance level, that can possibly act as resistance now.