BREAK RETEST CONTINUATION PATTERN. PRICE BROKE OUT OF SUPPORT WHICH HAS NOW TURNED INTO RESISTANCE. PRICE HAD TESTED THE RESISTANCE THEN BOUNCED OFF FORMING A INVERTED HAMMER. THIS LEVEL IS ALSO IN CONFLUENCE WITH THE 0.5 FIB LEVEL AND 20 SMA IS WHICH ACTING AS A DYNAMIC RESISTANCE
AUDUSD - Potential Short Imminent (2nd Entry) with FOMC's Minutes later today Please check the main chart with link below which shows larger bearish cycle with lot of room to the downside. I am publishing this chart purely because the nature of retracement seems to suggest we have abc zigzag retracement with potentially wave "c" as being ending diagonal (Rising...
The AUDUSD is poised to break below it's support. The last polls shows 5 times more analyst expecting a rate cut of 25bps for the next April 7th meeting than the previous weeks. 78% chances for rate cut priced by the Mkts (Rtrs). Even when previously have more preference for the gray wave count, the break below the wave ii (gray) discard this idea and places more...
We can see AUDUSD is oversold on RSI as well as I've found to cypher on 4 Hour TF. Long recommended around 0.7695 - 0.7670 where the SL can be 7620. Target around 0.7830
This move can go either way Long or short. I've managed to draw out a wedge which will determine where the next move could be. If the candles are continuing to be bearish for the time being and managing to break through this wedge, it may be worth shorting up to the demand zone (TP). Otherwise if the candle tests the wedge and manages to bounce off it, a short...
2 previous weeks gave us a possible reversal signal (Spinning bottom), and the price will possibly continue a correctional move up to 0.8250 area which is 23.6% - 38.2% Fibonacci retracement area. Current opportunity is only possible if the present week will be closed above the previous week middle range and above the 0.7625 Level. For a short term Long entries,...
Price bounced off the 0.236 fib several times forming a evening star and then several bearish pinbar candlestick patterns in a row. This is indicating selling pressure, we could see price advance to the downside soon. My preference is a rally up to the 0.5 fib in confluence with some structure but advancing up to that level is looking less likely. RBA meeting on...
Friends, I initially entered this pair @ 1.03882, and closed this long position today in anticipation of the following analysis. As announced earlier today (see dated tweet on this pair), the pair is likely to recover towards its 50% level. However, price stalled at the 38.2% Fib level, suggesting that a transient recovery in $NZD could pull the pair back...
Hi Traders, I am looking at aussie today to see if we can get any reaction from the line of the channel which he broke tonigh. IF we can some failures at the line, I might try ti short with a very tight stop loss. Good luck! Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader
There is not much movement in this pair, enter short at resistance channel and take profit at mid line, or enter long at support channel and take profit at mid line can be a good strategy as long as this pair trap inside consolidation. Bullish confirmation if 0.8861 break up
Price action stuck in a supply zone, which also corresponds Fib. high to low retracement. A break and close would signal a move to the 200-four hour EMA with a second target at .89. If Aussie-dollar trades below, price action will likely trend to .8770, which is were price action support and moving average support meet. Non-directional bias, would trade in...
Everything is on the chart! Keep it simple :)
Friends, $AUSUSD proved to carry more bearish strength, as price moved directly to its primary target at TG-1 = 0.87038 - 24 SEP 2014, and ignored an anticipated TG-Hi interim. However, at this point, price has returned to the upper half of its bar after hitting TG-1. A retracement to TG-Hi remains probable, although a higher target at 0.90941 becomes a...
Friends, Predictive/Forecasting Model indicated a probable limited retracement to: - TG-Hi = 0.90287 - 24 SEP 2014 If and once reached, lower targets would come next per same Model, namely: 1 - TG-1 = 0.87038 - 24 SEP 2014 and 2 - TG-Lo = 0.85516 - 24 SEP 2014. At the point, wave count remains probable at points 1 and 2. A reversal at current level...
AUDUSD has broken the multi month range to the downside, if you're not already in on the break then wait for a retest of the range bottom. Target is 0.9030
*TRADE CLOSED* Potential Profit = 21 Pips AUD got some weakness in the last week after negative employment rates. Retest of last low is likely. Enter a sell IF market hits 0.9268 Stop Loss: 0.9286 Take Profit 0.9243
The weekly chart shows bullish divergences twice on top side and once at bottom side. This is a strong force for getting into the sequel of an uptrend from 2009. First optional target: 0.915 (risky) And then 1.00 - 1.05