AUDUSD Potential for Bullish Continuation| 17th January 2023Looking at the Daily chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 0.68642, where the 38.2% Fibonacci line is. Stop loss will be at 0.66292, where the recent low is. Take profit will be at 0.72656, where the 78.6% Fibonacci line is.
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Aud-usd
AUDUSD M30: Bearish outlook seen, further downside below 0.6990On the M30 time frame, prices are approaching the supply zone at 0.6990, in line with the graphical resistance zone and Fibonacci confluence levels where we could see a further downside below this zone to the support zone at 0.6940. Stochastic is facing bearish pressure from its resistance at 88.57 as well, supporting the bearish bias.
AUDUSD Potential for Bullish Continuation| 16th January 2023Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 0.69505, where the -61.8% Fibonacci expansion line is. Stop loss will be at 0.69155, where the recent low is. Take profit will be at 0.71367, where the previous swing high is.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDUSD Potential for Bullish Continuation| 13th January 2023Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy stop entry at 0.69835, where the recent high is to ride the bullish momentum. Stop loss will be at 0.68598, where the 38.2% Fibonacci line is. Take profit will be at 0.71367, where the previous swing high is.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
🦘 AUD/USD Marking Up Price Before Falling 🦘🦘 AUD/USD Marking Up Price Before Falling.
🦘 Nearest strong support zone: around the 0.382 level of the entire upward wave.
🦘 Nearest strong resistance zone: around the recent highs.
🦘 Technical environment:
- Moving averages: Uptrened
- MACD: Downtrend (Divergence)
- RSI: Downtrend (Divergence)
- Supertrend: Uptrend
🦘 Price action: the AUD/USD today pushed price near the 0.7 level on the back of the US CPI inflation data, which was exactly what the market is expecting (6.5%). We are currently in a resistance zone from which I expect a downward reaction. Looking at the candlestick formations, it does not look to me like a strong trend continuation.
🦘 The scenario I'm playing is to wait for the start of a decline to join in. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
AUDUSD Potential for Bullish Continuation| 12th January 2023Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Price has tapped into my pullback buy entry at 0.68777, where the previous high is. Stop loss will be at 0.68346, where the 50% Fibonacci line is. Take profit will be at 0.69911, where the 127.2% Fibonacci extension line is.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
🥇 AUD/USD End of The Uptrend? 🥇🥇 AUD/USD End of The Uptrend?
🥇 Nearest strong support zone: around the 0.382 level of the entire upward wave.
🥇 Nearest strong resistance zone: around recent highs.
🥇 Technical environment:
- Moving averages: Uptrened
- MACD: Downtrend (Divergence)
- RSI: Downtrend (Divergence)
- Supertrend: Uptrend
🥇 Price action: AUD/USD is clearly struggling to rise, this could be seen from the perspective of the last two weeks, in which the price repeatedly attempted to rise but was just as quickly knocked down. I don't think we will find in the current price situation an opportunity to break out new highs, a downward correction seems more likely at the current moment.
🥇 The scenario I play out is the start of a downward correction to the vicinity of support zones. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
AUDUSD Potential for Bullish Continuation| 11th January 2023Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Price has tapped into my pullback buy entry at 0.68777, where the previous high is. Stop loss will be at 0.68346, where the 50% Fibonacci line is. Take profit will be at 0.69911, where the 127.2% Fibonacci extension line is.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUD/USD:SELL from 0.6950 Resistance For A SHORT SetupAUD/USD after 3 days of bullish rally the AUD seems to find resistance on level 0.6950 where the price it's started to converge for a retracement and possible pullback. The stochastic it's in the overbought area and our Idea is about a pullback around the area of 50% - 61.8% Fibonacci, this does not exclude the possibility for the price to may drop more.
AUDUSD M30: Bearish outlook seen, further downside below 0.6910On the M30 time frame, prices are showing bearish order flow with lower highs and lower lows being formed. A pullback to the resistance zone at 0.6910, in line with the graphical resistance zone and 38.2% Fibonacci retracement could present an opportunity to play the drop to the support zone at 0.6850. Stochastic is testing resistance and seeing a bearish divergence as well, where we could see further downside in prices.
AUDUSD Potential for Bullish Continuation| 10th January 2023Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 0.68777, where the previous high is. Stop loss will be at 0.68346, where the 50% Fibonacci line is. Take profit will be at 0.69911, where the 127.2% Fibonacci extension line is.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDUSD Potential for Bullish Continuation| 9th January 2023Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 0.67977, where the 50% fibonacci line is. Stop loss will be at 0.67349, where the recent swing low is. Take profit will be at 0.70097, where the -61.8% Fibonacci expansion line is.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Polic
🦘 AUD/USD Ready to Break Out 🦘 🦘 AUD/USD Ready to Break Out
🦘 Nearest strong support zone: around 0.67 level 0.382 fibo of the entire downward wave.
🦘 Nearest strong resistance zone: around 0.69 level 0.5 fibo of the entire downward wave.
🦘 Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
🦘 Price action: AUD/USD does not give up, every attempt to beat the price ends with a very quick buying reaction, we have repeatedly tested the support zone marked on the chart and each time sooner or later the price returned to continue the uptrend. Looking at the bigger picture, it looks to me that after the October bottom we have currently formed a very strong uptrend. On which the occurrence of any deeper correction borders on a miracle. The Australian dollar stands out very positively against other currencies, we have a repeat of 2020 in which, after the covid low, capital from the US dollar migrated to smaller currencies such as the Australian dollar. In my opinion, there is a good chance for a continuation of the uptrend and a breakthrough of the support zone we are currently at.
🦘 The scenario I am playing out is a continuation of the uptrend given the local resistance that lies ahead. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
AUDUSD look for the 0.66500 🦐AUDUSD on the 4h chart after the 2nd test of the 0.68750 zone moved lower to the weekly support.
The market has been trading over an ascending trendline and always respected the dynamic support.
How can i approach this scenario?
I will wait for a potential break of the confluence area and if that will happen i will belooking for a nice short order according to the Plancton's strategy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger