Looking for a retracement of the previous low here. Small pullback before Friday's news? Possible break of structure on lower timeframe with a current retest of the high. Should be interesting.
Possible divergence here on the 1 hour. A recent high and low was also broken. Yes, production has been cut and may be ongoing but we have to wait until 8/9 for next report. Could a small pullback be imminent before further outlook?
Could we get a retest of the previous high? Nice demand are here as well as potential divergence dating back to around 7/18 when the recent downtrend started.
This setup a little more on the risky side. Previous high and previous low was broken and there may be some divergence on the 1 hour dating back to 8/1.
The explanation will be in the charts. Will update as I see fit. Not Advice. This timeframe analysis is linked to the Monthly Analysis and there you will find the following timeframes: Monthly-Weekly-Daily-4Hour-1 Hour-15 Min The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make...
The explanation will be in the charts. Will update as I see fit. Not Advice. This timeframe analysis is linked to the Monthly Analysis and there you will find the following timeframes: Monthly-Weekly-Daily-4Hour-1 Hour-15 Min The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make...
The explanation will be in the charts. Will update as I see fit. Not Advice. This timeframe analysis is linked to the Monthly Analysis and there you will find the following timeframes: Monthly-Weekly-Daily-4Hour-1 Hour-15 Min The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make...
The explanation will be in the charts. Will update as I see fit. Not Advice. This timeframe analysis is linked to the Monthly Analysis and there you will find the following timeframes: Monthly-Weekly-Daily-4Hour-1 Hour-15 Min The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make...
The explanation will be in the charts. Will update as I see fit. Not Advice. This timeframe analysis is linked to the Monthly Analysis and there you will find the following timeframes: Monthly-Weekly-Daily-4Hour-1 Hour-15 Min The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make...
The explanation will be in the charts. Will update as I see fit. Not Advice. The following timeframes will be linked and updated as well: Monthly-Weekly-Daily-4Hour-1 Hour-15 Min The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make it public so others can learn from my own...
15 Min Technical Analysis - Want to see if price breaks 1.08395 or not which will give us an idea for an entry to the low. Price could also break through resistance and start a retracement of previous 4 hour recent high. (Check 4 hour analysis)
We have posted a Monthly outlook with weekly, daily 4 hour,1 hour, and 15 min charts on their respective pages so be sure to check those publishes in the related ideas section. I wanted to add a 1 hour so we can all practice multiple timeframe analysis. I'm no pro but I want to use this pair to journal trades not to show off. I's better to journal here vs my own...
4 Hour Technical Analysis - Price could test the previous low of 1.07587 where our demand zone is located. Before this happens, we could get a retest of the previous high. If that high doesn’t break, we could see our demand zone being reached.
Weekly Economic Analysis: 7/30/23 Pair: AUDNZD GDP (Down: Weaker Currency Up: Stronger Currency) - Aud down NZD up Employment (Down: Weaker Currency / Up: Stronger Currency) - Both up Inflation (Down: Weaker Currency Up: Stronger Currency) - Both Down Interest Rate (Down: Weaker Currency / Up; Stronger Currency) - AUD news week. Both stalemate Balance of Trade...
Weekly Technical Analysis - Price could be testing the 1.04782 demand zone.
Daily Technical Analysis - Price could test the previous low of 1.07280 or lower towards the demand zone of 1.06871.
1 Potential divergence spotted while price is near a weekly level of resistance. Price broke May 1st high. However, I believe that there could be a potential pullback of at least 30% of the Fibonacci price level. $408 seems like a reasonable target.
4 Potential Divergences spotted at the current price level. Price may push towards the 90% fibonacci level. Strong resistance level located near that level.