Falling towards overlap support?AUD/CAD is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 0.91801
1st Support: 0.91313
1st Resistance: 0.92483
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AUD (Australian Dollar)
AUDNZD Potential SellAUDNZD Potential Sell play. Wait Zone Test. SL line yellow.
Good luck.
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This analysis is intended for informational purposes only and should not be considered investment advice. I utilize technical analysis as the basis for decision-making and do not focus on fundamental analysis. Forex trading involves high risk and can result in losses. It is advisable to conduct your own research and consult with a financial advisor before making any trades. I am not responsible for any losses that may arise from the use of this information.
Traders could veer towards the yen with risk events loomingIt is no coincidence that VIX futures have been creeping higher in recent weeks despite Wall Street hitting record highs, as traders are presumably hedging downside risk as we approach the US election. And that means it may not take much to spook traders out of bullish bets with markets at frothy levels, and that could see the yen strengthen as a safety play. Matt Simpson takes a technical look at yen pairs of interest.
Euraud long trade ideaHello everyone, I've identified a fresh Demand zone in the EUR/AUD pair, and the location is quite appealing.
As always, it's essential to apply proper money management and never trade without placing an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be measured over a series of trades, not just one.
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Guys always read this quote.It will help you mentally."I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, 'I just lost my money, now I have to do something to make it back.' No, you don't. You should sit there until you find something.” “Jim Rogers:
Thanks!
GBPAUD Will Go Up From Support! Buy!
Here is our detailed technical review for GBPAUD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.933.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.937 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURAUD Short Bias – Bearish OB Rejection and Sell-Side EQLTargetEURAUD is currently in a clear downtrend. After sweeping sell-side liquidity at 1.60237, price retraced into a daily bearish order block (OB), which is a high-probability setup. The latest candle has closed within and below the OB, signaling further bearish momentum. Price is displaying a shift from External Range Liquidity (ERL) to Internal Range Liquidity (IRL), with sell-side liquidity and equal lows (EQL) at 1.59973 as the next target.
Bearish reversal?AUD/CHF is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.5817
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.5869
Why we like it:
There is a pullback resistance level.
Take profit: 0.5751
Why we like it:
There is a pullback support level.
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AUDNZD Is Bullish! Buy!
Take a look at our analysis for AUDNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.105.
The above observations make me that the market will inevitably achieve 1.107 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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AUD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
AUD/CHF is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 0.575.
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AUDCHF, preppin for a 'more than average' UPSIDE!AUDCHF based on weekly data is registering heavy accumulation at the current price range of 0.60.
All confluences are UP for this pair -- meaning all technical confirmations is hinting towards generous UPSIDE.
When weekly data shows his intent, he will do it.
Spotted at 0.600
Initial target at 0.65 +
TAYOR
safeguard capital, always.
GBPAUD Set for a Bearish Move – HTF Daily OB RejectionThe GBPAUD pair has recently respected a higher timeframe (HTF) daily bearish order block, signaling a potential move from internal liquidity to external liquidity. With price having reacted to the daily OB, we could now see a continuation of this bearish momentum, targeting sell-side liquidity on the weekly timeframe around the 1.91242 level. This setup presents a high-probability trade idea in line with market structure.
GBP/AUD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are now examining the GBP/AUD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.945 level.
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Euraud likely can see more downsideHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Overall a bearish chart on the daily, now with the rejection as last R zone on daily, likely to see more downside on EA.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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GBPAUD I Waiting for the next impulse moveWelcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPAUD - Downside move !!Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I see bearish price action for the upcoming week after price rejected from OB + trendline.
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Bull Flag Spotted - Easy Money?Price broke above a rising wedge pattern, indicating massive buying pressure. Now it is retesting the wedge in the form of a bull flag. If price breaks above, it can be an opportunity for a quick buck. This is also in line correlatively with my bullish AUDUSD analysis.
This worm might only be caught by the early birds when the market opens on Monday.
AUDJPY: Great long term bullish trade.AUDJPY is on excellent bullish levels on its 1D technical outlook (RSI = 60.728, MACD = 0.850, ADX = 48.315) which shows the steady bullish trend on the medium term but more importantly it just turned bullish on the 1W timeframe, showing the enourmous upside potential. And this is evident as the dominant pattern is a Channel Up since March 2020. The August low was a bottom exactly on the 1D MA50, the 1D RSI is making a bottom formation and the price action looks identical to the two prior bottoms of the Channel. The rallies they produced rose both by +27.00%. We expect a similar rebound (TP = 114.000).
See how our prior idea has worked out:
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EUR/AUD Short Trade Setup – 4H ChartThis trade is only valid if the current 4 hour candle closes below 1.62364.
I'm currently looking at a potential short opportunity on EUR/AUD after the upward trendline was broken, confirming a shift in momentum. Price has retested the broken trendline and respected the downward trendline, which remains valid.
Entry: 1.62620
Stop Loss (SL): 1.62850
Take Profit (TP) Targets:
TP 1: 1.62364 (Set Stop Loss to Break Even at this point)
TP 2: 1.61944
TP 3: 1.61171
TP 4: 1.60330
AUDCAD My Opinion! SELL!
My dear friends,
My technical analysis for AUDCAD is below:
The market is trading on 0.9270 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9222
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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