Key Resistance Level for AUDJPY: Towards 98.000?OANDA:AUDJPY is approaching a critical resistance level that has previously seen bearish reversals. The ongoing bullish momentum could provide an opportunity for sellers to step in and take control.
Key point: If we observe bearish signals such as rejection wicks at this resistance, the price could potentially drop towards 98.000. However, a breakout above this level would invalidate the bearish setup and shift the bias to a more bullish outlook.
It’s important to wait for clear rejection signals before considering any short positions. I'd love to hear your thoughts or different perspectives in the comments!
AUD (Australian Dollar)
GBP/AUD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
GBP/AUD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.966 area.
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GBPAUD A Fall Expected! SELL!
My dear subscribers,
My technical analysis for GBPAUD is below:
The price is coiling around a solid key level - 1.9685
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.9658
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
AUDCAD Long Term Selling Trading IdeaHello Traders
In This Chart AUDCAD HOURLY Forex Forecast By FOREX PLANET
today AUDCAD analysis 👆
🟢This Chart includes_ (AUDCAD market update)
🟢What is The Next Opportunity onAUDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPAUDhello everyone, price is consolidating around 1.960 from day tf and below... 1.960 is currenlty the main support.. 1hr tf reached near 200ma... at this point the bearish cycle stopped... since weekly chart showing sign of bullish candle, price can likely reverse to bullish... wait for pull back cuz today price is bullish due to news...
good luck
Bullish breakout?AUD/CHF is reacting off the pivot and could potentially rise to the 1st resistance.
Pivot: 0.5697
1st Support: 0.5657
1st Resistance: 0.5752
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce?GBP/AUD is falling towards the pivot and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 1.9486
1st Support: 1.9362
1st Resistance: 1.9722
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Previous week’s green candle means that for us the AUD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.566.
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Here Is My Tricks For How Made +2000 Pips In This Week 0 DD !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDCHF - Buy Opportunity After Resistance BreakOANDA:AUDCHF has broken above a significant resistance level, indicating bullish momentum. The price is retesting this broken resistance as support, providing a potential buying opportunity. If the support holds, I expect a move upward toward 0.57450, reinforcing the bullish trend. However, if the support fails, it could lead to further bearish momentum.
Traders should watch for bullish confirmation signals, such as bullish engulfing candles or long bullish wicks, before entering trades.
Do you see this playing out similarly? Let’s discuss in the comments below!
AUD/JPY "Aussie vs Japanese" Forex Market Heist Plan on Bullish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Entry 📈 : Traders & Thieves with New Entry A bull trade can be initiated on the MA level breakout of 98.400
However I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level.
Goal 🎯: 101.300 (or) Escape Before the Target
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Fundamental Outlook 📰🗞️
AUD/JPY is a popular currency pair that can be influenced by various fundamental and macroeconomic factors. Here's a brief analysis to help you make an informed decision:
Fundamental Analysis---
Interest Rate Differential: The Reserve Bank of Australia (RBA) has been keeping interest rates relatively high compared to the Bank of Japan (BOJ). This difference can make the AUD more attractive to investors, potentially driving up the value of AUD/JPY.
Commodity Prices: Australia is a major exporter of commodities like iron ore, coal, and gold. An increase in commodity prices can boost the Australian economy and support the AUD.
Economic Growth: Australia's economy has been showing signs of resilience, with a growing services sector and a rebound in consumer spending. Japan's economy, on the other hand, has been facing challenges, including a declining population and low inflation.
Macroeconomic Analysis---
Global Risk Sentiment: AUD/JPY is often considered a risk-on/risk-off pair. When investors are risk-averse, they tend to sell AUD and buy JPY, causing the pair to decline. Conversely, when risk appetite increases, AUD/JPY tends to rise.
Yield Curve: The yield curve in Australia has been relatively steep compared to Japan, which can attract investors seeking higher returns.
Central Bank Policies: The RBA has been maintaining a hawkish stance, while the BOJ has been keeping its ultra-loose monetary policy. This contrast can influence the AUD/JPY exchange rate.
Technical Analysis---
The AUD/JPY chart is showing a bullish trend, with the pair trading above its 200-day moving average. The Relative Strength Index (RSI) is around 60, indicating a moderate bullish momentum.
Conclusion---
Based on the fundamental and macroeconomic analysis, it seems that AUD/JPY might continue its bullish trend. However, it's essential to keep an eye on global risk sentiment, commodity prices, and central bank policies, as these factors can influence the pair's direction.
Trading Alert⚠️ : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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AUD-JPY Bullish Bias! Buy!
Hello,Traders!
AUD-JPY is trading in a
Local uptrend and the
Pair made a retest of the
Horizontal support of 97.830
And we are already seeing
A bullish rebound so we
Will be expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
AUDCHF My Opinion! SELL!
My dear followers,
I analysed this chart on AUDCHF and concluded the following:
The market is trading on 0.5692 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.5674
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
AUDJPY My Opinion! BUY!
My dear friends,
AUDJPY looks like it will make a good move, and here are the details:
The market is trading on 96.801 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 97.463
Recommended Stop Loss - 96.413
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURAUD Under Pressure! SELL!
My dear friends,
My technical analysis for EURAUD is below:
The market is trading on 1.6630 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.6592
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
#AUDNZDAUDNZD (4H Timeframe) Analysis
Market Structure:
The price is moving within a well-defined channel, with lower highs and lower lows indicating a bearish structure. Currently, the price is approaching the channel's resistance level, which has historically acted as a strong barrier for upward movements.
Forecast:
A sell opportunity may arise if the price reaches the channel resistance and confirms rejection, signaling the potential for a move toward the channel's lower boundary.
Key Levels to Watch:
- Entry Zone: Near the channel resistance after confirmation of rejection or bearish signals.
- Risk Management:
- Stop Loss: Placed above the channel resistance or the recent swing high to manage risk.
- Take Profit: Target the midline or lower boundary of the channel for potential downside movement.
Market Sentiment:
The bearish channel structure suggests selling pressure dominates. Waiting for the price to touch the resistance and confirm rejection provides a strategic entry point aligned with the overall trend.
AUDCHF at Key Resistance: Bearish Bounce ExpectedOANDA:AUDCHF reached a significant resistance zone marked by previous price rejections and strong seller activity. The current market structure suggests the potential for a bearish bounce at this level if sellers regain control.
I anticipate that if the price confirms a rejection from this resistance zone, the market may move downward toward the 0.56595 support level.
If you have any additional insights or agree with this analysis, feel free to share your thoughts in the comments!"
AUDJPY Will Go Down From Resistance! Short!
Here is our detailed technical review for AUDJPY.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 98.074.
Considering the today's price action, probabilities will be high to see a movement to 96.232.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
GBPAUD buy Trade IdeaHello Traders
In This Chart GBP/AUD 4 HOURLY Forex Forecast By FOREX PLANET
today GBP/AUD analysis 👆
🟢This Chart includes_ (GBP/AUD market update)
🟢What is The Next Opportunity on GBP/AUD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts