Potential bullish rise?AUD/CHF is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 0.55968
1st Support: 0.55661
1st Resistance: 0.56589
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AUD (Australian Dollar)
Could the price bounce from here?AUD/NZD is reacting off the pivot and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 1.10285
1st Support: 1.09934
1st Resistance: 1.10854
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.
GBPAUD potential sell setup & updateAs per our last analysis on GBPAUD we are still Bullish on the pair, however, we are keen to see price break below the 4h low to look for buy opportunities, currently I am waiting for price to push up to my area of interest so I can look for selling opportunities to continue price lower where we will eventually be looking for buying opportunities.
Remember, Clear charts better vision
Bearish drop?AUD/JPY is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 98.64
Why we like it:
There is a pullback resistance level.
Stop loss: 99.83
Why we like it:
There is a pullback resistance level that aligns with the 161.8% Fibonacci extension.
Take profit: 97.18
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
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AUDNZD Massive Long! BUY!
My dear followers,
I analysed this chart on AUDNZD and concluded the following:
The market is trading on 1.1044 pivot level.
Bias - AUDNZD
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable AUDNZD continuation.
Target - 1.1056
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 potential Buy-to-Sell setupHere at Burnt Candle, we are Bearish for the long haul, however, we might still see price pushing up to our sell area of interest. In the meantime, we would also like to take advantage of the push to the upside if it reaches our buy area of interest.
Remember, clear charts better vision.
AUDCAD - Look for a short !!Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fulfill the imbalance and then to reject from bearish OB.
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AUD/JPY "Aussie vs Japanese" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low level should be in retest.
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Goal 🎯: 99.500
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#EURAUD 1DAYEURAUD (1D Timeframe) Analysis
Market Structure:
Channel Resistance: The price is currently testing the upper boundary of a parallel channel, indicating potential selling pressure near resistance.
Forecast:
Sell Opportunity: A rejection from the channel resistance suggests a possible downward move as the price respects the channel pattern.
Key Levels to Watch:
Entry Zone: Near the channel resistance area after signs of price rejection.
Risk Management:
Stop Loss: Placed above the channel resistance to manage risk.
Take Profit Zones: Target the midline or lower boundary of the channel for potential downside movement.
Market Sentiment:
Bearish Bias: Selling pressure is expected to dominate as long as the price remains below the resistance zone. Monitoring for confirmation signals before entry is advised.
EURAUD UpdateEURAUD pair has formed a valid ascending channel with 3 touches till now and we're waiting for the 4th
Also this pair has broke the resistance zone 1.6565 so we're waiting for a retest and in the same time it will be our 4th touch of the channel
Once this pair hits the price we will be looking for long (buy) position
and we also will be waiting it to break with an H4 candle below the 4th touch to enter a short (sell) position
Trade safe Family and follow us for more updates
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
AUDCHF Is Going Down! Sell!
Please, check our technical outlook for AUDCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.558.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.553 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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