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D-AUD

AUDCAD facing bullish pressure | 25 Mar 2021Prices are facing bullish pressure as it broke out of our descending trend line resistance and are taking support on buy entry which coincides with 50% Fibonacci extension and 78.6% Fibonacci retracement. Prices might bounce towards take profit target which coincides with 50% Fibonacci retracement and 161.8% Fibonacci retracement. If prices push downwards, prices might take support from stop loss level which is in lien with -27.2% Fibonacci retracement an 61.8% Fibonacci extension. Stochastics is also approaching 4.51 level, possible for a bounce, in line with our analysis.
Long
by FXCM
9
AUDCHF facing bearish pressure, potential for further downside!AUDCHF is facing bearish pressure from descending trend line resistance. It might pullback from 1st resistance which is in line with 50% Fibonacci retracement and 100% Fibonacci extension. Prices might push down towards the 1st support level which coincides with -68% Fibonacci retracement and 100% Fibonacci extension. If prices increase and break through the descending trendline, prices might push up to 2nd resistance which coincides with 61.8% Fibonacci retracement and 100% Fibonacci extension. Prices is also below the EMA, showing a bearish pressure for prices.
Short
by FXCM
11
NZDUSD & AUDUSD OUTLOOK ANALYSIS & POTENTIAL TRADE SETUPSIn this video I have taken a look at NZDUSD & AUDUSD overall price movement and trend from Day timeframe all the way down to H4 & H1. Did a quick break down of key levels and current price structures and discussed potential trading setups and price movement in the coming week. Please give it a thumbs if you like my analysis or agree to it to certain extent and leave a comment and your analysis of Kiwi and Aussie against USD. Thank you
Long
by Trader_97
EURAUD is facing bearish pressure, potential for downsidePrices are facing bearish pressure from 1st resistance level, in line with horizontal swing high resistance, which coincides with 78.6% Fibonacci retracement as well as 50% Fibonacci retracement. Prices might push down to our 1st support level which is in line with 61.8% Fibonacci extension, 127.2% Fibonacci extension as well as horizontal swing low support. If prices break through 1st resistance, it might hit the 2nd resistance which coincides with the 127.2% Fibonacci extension. Stochastics is also showing that it might face resistance and pullback from the 77.0 level.
Short
by FXCM
3
AUDUSD is facing bullish pressurePrice is facing bullish pressure from 1st support at 0.78128, in line with 61.8% fibonacci extensions and horizontal swing low support. Price could bounce off 1st support to the 1st resistance which coincides with 61.8% fibonacci retracement, 161.8% fibonacci extension and horizontal swing low support. If prices fall through 1st support, prices could reach 2nd support which coincides with horizontal pullback support, 50% fibonacci retracement and 127.2% fibonacci extension. EMA is also below prices, showing bullish pressure on price.
Long
by FXCM
6
AUDJPY is facing bullish pressure, potential for more upside!AUDJPY is currently facing bullish pressure as it is reacting off the ascending support line very nicely. Currently, price is in a pullback to the horizontal pullback support which coincides with the 61.8% Fibonacci retracement and 78.6% Fibonacci retracement level. If prices were to bounce up from that level, it is likely to reach 1st resistance which is our horizontal swing high resistance and it coincides with the 61.8% Fibonacci retracement. If prices were to fall, then it might reach our the 2nd support level which coincides with our pullback support as well as the 78.6% Fibonacci retracement.
Long
by FXCM
2