AUDNZD Will Go Higher From Support! Long!
Please, check our technical outlook for AUDNZD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.101.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.105 level soon.
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 (Australian Dollar)
Sell AUD/NZD Bearish ChannelThe AUD/NZD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.1005, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0962
2nd Support – 1.0944
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Falling towards pullback support?AUD/JPY is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 95.69
1st Support: 94.30
1st Resistance: 96.92
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.
Bearish drop?AUD/NZD has reacted off the pivot and could drop to the 1st support level which acts as a pullback support that aligns with the 127.2% Fibonacci extension.
Pivot: 1.1020
1st Support: 1.0934
1st Resistance: 1.1088
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.
AUDJPY: Channel Up bottomed. Bullish.AUDJPY turned oversold on its 1D technical outlook (RSI = 30.123, MACD = -0.750, ADX = 46.331) as it touched the bottom of the Channel Up. Unlike the price's LL decline, the 4H RSI has formed a Channel Up from oversold range, which is the exact same formation it had after pricing the September 11th bottom. Consequently, we should be expecting the pair to bottom now and start the new bullish wave. The last one hit and even breached the R1 level and then pulled back to the 4H MA50. We are aiming for the same level (TP = 101.550).
See how our prior idea has worked out:
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GBPAUD: Short Trade with Entry/SL/TP
GBPAUD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GBPAUD
Entry - 1.9584
Stop - 1.9646
Take - 1.9436
Our Risk - 1%
Start protection of your profits from lower levels
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Buy GBP/AUD Triangle BreakoutThe GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.9525
Target Levels:
1st Resistance – 1.9578
2nd Resistance – 1.9606
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Best Regards, KABHI FOREX TRADING
Thank you.
What’s Flowing: AUDCHF BullishThe AUDCHF chart reflects a bullish sentiment in the market, highlighting potential upward momentum. Key observations include:
1. Price Breakout from Consolidation Zone: AUDCHF has recently emerged from a well-defined consolidation range, indicating increasing buyer pressure.
2. Support at Fibonacci Retracement Levels: The price has bounced from a critical retracement level, suggesting strong demand in this area.
3. Moving Averages Trending Upward: Moving average bands align with bullish momentum, further confirming upward pressure.
4. Volume Profile Analysis: Recent price action shows significant buying activity at lower levels, reinforcing the bullish outlook.
5. Target Zone Identified: The next resistance zone lies above, offering traders an opportunity to capture gains in the upward swing.
With bullish indicators aligning, AUDCHF presents a promising setup for traders eyeing long positions. Stay tuned for updates as the market unfolds!
GBP/AUD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/AUD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.939 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPAUD - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GBPAUD has been bullish trading within the rising channel in blue.
Currently, GBPAUD is approaching the lower bound of the channel.
Moreover, the zone marked in green is a strong structure.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the structure zone and lower trendline acting as non-horizontal support.
📚 As per my trading style:
As #GBPAUD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURAUD BUY SETUP1️⃣ Demand Zone Reaction
The price is currently in a clearly defined demand zone, where we’ve seen strong buying interest in the past. This zone has already shown signs of holding support, making it an ideal area to look for a long position.
2️⃣ Volume Profile Confirmation
The volume profile shows increased activity near the demand zone, indicating significant interest from buyers in this area.
3️⃣ Fibonacci Confluence
The demand zone aligns with the golden pocket area (61.8%–78.6%) of a Fibonacci retracement, adding strength to this level.
4️⃣ Bullish Momentum Potential
There are signs of rejection from lower levels, with wicks and candles showing hesitation in breaking lower, suggesting bullish momentum may build from here.
5️⃣ Liquidity Grab
The price recently swept the lows, grabbing liquidity from weak hands before a potential move to the upside.
Trade Plan:
Entry: 1.61900 (current demand zone).
Stop Loss: 1.61600 (below the demand zone and liquidity sweep).
Take Profit Levels:
TP1: 1.62500 (local resistance).
TP2: 1.63000 (higher timeframe resistance zone).
Bias:
The overall market structure remains bullish, with price expected to continue upward after this retracement.
Reminder:
Always manage your risk. Use proper position sizing and wait for confirmations if needed.
Potential bullish bounce?EUR/AUD is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.61696
Why we like it:
There is an overlap support level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.60603
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 1.63624
Why we like it:
There is a pullback resistance level.
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GBPAUD Selling Trading 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
AUD-JPY Bearish Breakout! Sell!
Hello,Traders!
AUD-JPY keeps falling
And the pair made a
Bearish breakout of the
Key horizontal level of 98.000
So we are bearish biased
And we will be expecting
A further bearish move down
Sell!
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Check out other forecasts below too!
aud/cadThe chart trend on the daily timeframe is bullish. Considering the weekly candlestick pattern, which forms a doji, there is a clear struggle between buyers and sellers. However, since the overall trend is upward, a buy position can be initiated on the 1-hour timeframe around the 0.91138 level, with proper stop-loss management.
This analysis is brought to you by the FXonbit Traders Team
AUDNZD Expected Growth! BUY!
My dear friends,
Please, find my technical outlook for AUDNZD below:
The instrument tests an important psychological level 1.0989
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1034
Recommended Stop Loss - 1.0964
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
AUDNZD Is Very Bullish! Long!
Please, check our technical outlook for AUDNZD.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.100.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.104 level soon.
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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