Overlap support ahead?EUR/AUD is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance.
Pivot: 1.64591
1st Support: 1.63587
1st Resistance: 1.66207
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.
Aud
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.67200 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.67200 support and resistance area.
Trade safe, Joe.
Potential bullish rise?AUD/CAD has reacted off the support level which is an overlap support which aligns with the 50% Fibonacci retracement and could rise from this level to our take profit.
Entry: 0.90284
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.89593
Why we like it:
There is a pullback support level.
Take profit: 0.91122
Why we like it:
There is an overlap resistance level that lines up9 with the e 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUDJPY Excellent long-term Buy Entry. Double Bottom may happen.The last signal we gave on the AUDJPY pair (July 02, see chart below) couldn't have a better timing as the price was rejected on the very same day just when it hit the Sell Zone and in 3 weeks hit the 101.000 Target:
The price even broke below the 1W MA100 (green trend-line) but found Support exactly on the bottom of the 2.5 year Channel Up (on today's chart we made the necessary adjustments to fit the Higher Highs) and more importantly, the 1W MA200 (orange trend-line).
Last week's rejected on the 1W MA50 (blue trend-line), serves as a reminder that a Double Bottom might be required before the Channel Up confirms the start of the new Bullish Leg. At least this is what happened on the March 20 2023 and November 29 2021 Lows (we had a 1W MA50 rejection for 5 straight months during February 2023).
As a result, another touch of the 1W RSI on its 3-year Buy Zone will confirm the new long-term uptrend and we will turn bullish, targeting 114.000 (+26.70% rise, similar to the last two Bullish Legs).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
EURAUD: Confirmed CHoCH & Bullish Outlook 🇪🇺 🇦🇺
I see a confirmed Change of Character on EURAUD on a daily.
Trading in a global bullish trend, the market successfully violated
a minor bearish trend, breaking a significant horizontal resistance.
The market will most likely go higher.
Next resistance - 1.669
❤️Please, support my work with like, thank you!❤️
Bullish bounce?AUD/CAD has bounced off the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could rise from this level to our take profit.
Entry: 0.90284
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
Stop loss: 0.89547
Why we like it:
There is a pullback support level.
Take profit: 0.91183
Why we like it:
There is an overlap resistance level which lines up wit the 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Pullback support ahead for the Aussie?The price is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance that acts as a pullback resistance.
Pivot: 0.6641
1st Support: 0.6593
1st Resistance: 0.6698
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.
Sell AUD/USD Bearish Flag The AUD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag 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 0.6733, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.6662
2nd Support – 0.6626
Stop-Loss: To manage risk, place a stop-loss order above 0.6760. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Sell AUD/CAD Triangle BreakoutThe AUD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9086
Target Levels:
1st Support – 0.9045
2nd Support – 0.9025
Stop-Loss: To manage risk, place a stop-loss order above 0.9115. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Heading into 50% Fibonacci resistance?AUD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to ur take profit.
Entry: 0.6761
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 0.6809
Why we like it:
There is a pullback resistance level.
Take profit: 0.6699
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUDCAD: Time to Drop Lower 🇦🇺🇨🇦
AUDCAD was consolidating within a horizontal range for 2 weeks.
The release of high impact fundamental news earlier this week
made the pair bearish.
The price managed to break and close below a support of the range on a daily.
We can expect a bearish movement now.
Next support - 90.5
❤️Please, support my work with like, thank you!❤️
AUD/USD Eyes Further Downside as 0.6710 Support LoomsAUD/USD is consolidating below the 50-day EMA, with a series of Doji candles signaling indecision. A break below the 0.6710 support could spark further selling pressure, targeting the 0.6670 level. The RSI is holding below 50, reinforcing the bearish outlook.
AUD/USD Eyes Further Downside as 0.6710 Support LoomsAUD/USD is consolidating below the 50-day EMA, with a series of Doji candles signaling indecision. A break below the 0.6710 support could spark further selling pressure, targeting the 0.6670 level. The RSI is holding below 50, reinforcing the bearish outlook.
Heading into pullback resistance?EUR/AUD is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 1.65785
Why we like it:
There is a pullback resistance level.
Stop loss: 1.67101
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Take profit: 1.63589
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Sharp move in GBP/AUD will lead to 1.97-2.00(09/03/2024)GBP/AUD made a good jump from the 1.93 resistance zone.
At first glance, the move is sharp with good momentum indicating the 1st wave of the 5-wave impulse pattern.
We believe that the price will keep its momentum until it reaches 1.97(first target) and 2.00 zones.
Our technical view has been shown in the chart.
If you like it then Support us by liking, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)