Falling towards overlap support?GBP/AUD is falling towards the support level which is an overlap support that is slightly above the 50% Fibonacci retracement and could bounce frm this level to our take profit.
Entry: 1.9897
Why we like it:
There is an overlap support level that is slightly above the 50% Fibonacci retracement.
Stop loss: 1.9769
Why we like it:
There is a pullback support level that is slightly above the 161.8% Fibonacci extension.
Take profit: 2.0083
Why we like it:
There is a pullback resistance.
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AUD (Australian Dollar)
AUD/JPY H4 | Rising into overlap resistanceAUD/JPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 96.78 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 97.60 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance.
Take profit is at 95.64 which is an overlap support.
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AUD/JPY: Bearish Reversal in Play, A Long Downtrend Awaits?Hey Realistic Traders, OANDA:AUDJPY has no chance for a Bullish Outlook? Let's dive into the analysis...
After a prolonged consolidation phase, the Aussie Yen has once again traded below the EMA-200 line, forming a new lower high along the way. This bearish signal marked the beginning of a continued downward movement, which was further confirmed by a breakout from a rising wedge pattern. Such breakouts typically indicate strong bearish momentum, especially when accompanied by multiple bearish marubozu candlesticks.
Further strengthening this outlook, a falling wedge breakout occurred on the JPYBASKET, signaling a continuation of its prevailing bullish trend. This divergence between Aussie Yen and JPYBASKET adds weight to our bearish analysis.
Considering these strong technical signals, the price is likely to move downward toward the first target at 94.651 or potentially the second target at 93.716.
However, this bearish scenario depends on the price staying below the critical stop-loss level at 98.478.
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"Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Aussie Yen".
Overlap resistance ahead?AUD/JPY is rising towards the pivot which is an overlap resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 96.78
1st Support: 95.52
1st Resistance: 97.49
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AUDNZD – Potential Long from Key Support ZoneOANDA:AUDNZD is approaching a key demand zone, which has previously led to bullish reversals. The recent downward move brings price into this support area, signaling a potential opportunity for buyers to step in.
A bullish confirmation, such as a strong rejection pattern, bullish engulfing candle, or long lower wick, would support the likelihood of an upward move. If buyers regain control, the price could rally toward 1.10500.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
AUDCAD Will Go Up! Long!
Take a look at our analysis for AUDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.901.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.913 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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AUD/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are going long on the AUD/JPY with the target of 98.524 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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AUD/JPY "Aussie vs Japanese" Forex Market Heist Plan on Bullish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the AUD/JPY "Aussie vs Japanese" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
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
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
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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AUDNZD Technical Analysis! BUY!
My dear subscribers,
AUDNZD looks like it will make a good move, and here are the details:
The market is trading on 1.1016 pivot level.
Bias -Bullish
My Stop Loss - 1.1002
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1042
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
AUDNZD What Next? BUY!
My dear friends,
Please, find my technical outlook for AUDNZD below:
The price is coiling around a solid key level - 1.1009
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.1015
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EURAUD Will Grow! Long!
Here is our detailed technical review for EURAUD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.667.
Considering the today's price action, probabilities will be high to see a movement to 1.672.
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.
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