Bullish rise?AUD/CHF is currently at the support level which is an overlap support and could potentially rise to our take profit.
Entry: 0.57488
Why we like it:
There is an overlap support level.
Stop loss: 0.56962
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement.
Take profit: 0.58174
Why we like it:
There is a pullback resistance level.
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.
Aud
AUDNZD Is Approaching A Decent SupportHey Traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.09400 zone, AUDNZD is an uptrend and currently is in a correction phase in which it is approaching the trend at 1.09400 support and resistance area.
Trade safe, Joe.
Bearish reversal?AUD/USD is reacting off the resistance level which is a pullback resistance that is slightly below the 88% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6728
Why we like it:
There is a pullback resistance level which is slightly below the 88% Fibonacci retracement.
Stop loss: 0.6798
Why we like it:
There is a pullback resistance level.
Take profit: 0.6643
Why we like it:
There is an overlap support level which lines up with the 50% Fibonacci retracement.
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.
Bearish drop?EUR/AUD has reacted off the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 1.65358
1st Support: 1.62714
1st Resistance: 1.67679
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.
Could price reverse from here?AUD/CAD is reacting on the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 0.91810
1st Support: 0.91075
1st Resistance: 0.92467
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 reversal?AUD/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and the 161.8% Fibonacci extension and could reverse from this level to our take profit.
Entry: 0.91697
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement and the 161.8% Fibonacci extension.
Stop loss: 0.92564
Why we like it:
There is a pullback resistance level.
Take profit: 0.91024
Why we like it:
There is a pullback support level.
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.
Bearish reversal?The Aussie (AUD/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 0.6716
1st Support: 0.6641
1st Resistance: 0.6797
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.
AN could be having more upside Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
bounced off the lows after daily pullback. currently looks like on track back to an upside.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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AUDUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.67500 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.67400 support and resistance area.
Trade safe, Joe.
How to track the US dollar's direction?A lowering of U.S. interest rates may be necessary, but the downside risk is a weaker USD. And a significantly weaker dollar may cause inflation to creep back up again.
Today, I will share a little hack on how to track and preempt the U.S. dollar’s direction.
To conclude:
Long-term - Down
Mid-term - Range to a breaking point
Currencies Futures and Options
Minimum fluctuation:
0.00005 per AUD increment = $5.00
0.00005 per CAD increment = $5.00
0.00005 CHF increment = $6.25
0.000050 per Euro increment = $6.25
0.0001 per GBP increments = $6.25
0.0000005 per JPY increment = $6.25
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
GBP/AUD is going to drop around 1.93(8/16/2024)After completing a 5-wave EW impulse pattern, GBP/AUD correction has been started around the 2.00 zone. since then the price dropped until reached 1.933 where the previous resistance exists (which made it into support after breaking).
Yesterday, after releasing good fundamental data from AUD, the price started to drop again from 1.94100.
We believe the price will be going to make a new low and eventually reach 1.93.
Our technical view has been shown in the chart.
If you like it then Support us by Like, 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.)
Bullish momentum to extend?AUD/JPY is falling towards the pivot and could reverse to the 1st resistance which acts as a pullback resistance.
Pivot: 97.55
1st Support: 95.12
1st Resistance: 101.33
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.
EURAUD rallies to continue attract sellers?EURAUD - 24h expiry
The medium term bias remains bearish.
Rallies continue to attract sellers.
Risk/Reward would be poor to call a sell from current levels.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 1.6690.
We look to Sell at 1.6690 (stop at 1.6750)
Our profit targets will be 1.6540 and 1.6500
Resistance: 1.6690 / 1.6740 / 1.6810
Support: 1.6520 / 1.6450 / 1.6400
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDNZD: Strong AUD Data And Potential UpsidesHey Traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.10150 zone, AUDNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.10150 support and resistance area.
Trade safe, Joe.
AUDUSD: Bearish Stocks and Trend BreakoutHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66000 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.66000 support and resistance zone.
We would like to consider the current bearish bias on stocks, due to the positive correlation AUDUSD should trade under pressure.
Trade safe, Joe.
Bullish bounce?AUD/USD is falling towards the support level which is an overlap support that is slightly below the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 0.6567
Why we like it:
There is an overlap support level which is slightly below the 38.2% Fibonacci retracement.
Stop loss: 0.6514
Why we like it:
There is a pullback support level which lines up with the 78.6% Fibonacci retracement.
Take profit: 0.6641
Why we like it:
There is an overlap resistance level.
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.
Bearish drop?AUD/CHF is reacting off the pivot which has ben identified as an overlap resistance and could drop to the overlap support.
Pivot: 0.57216
1st Support: 0.55944
1st Resistance: 0.58223
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.
Bullish reversal?AUD/CAD is falling towards the support level which is a pullback support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.90606
Why we like it:
There is a pullback support level which aligns with the 23.6% Fibonacci retracement.
Stop loss: 0.90024
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
Take profit: 0.91480
Why we like it:
There is an overlap resistance level which is slightly above the 138.2% Fibonacci extension.
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.
Bearish drop?The Aussie (AUD/USD) is reacting off the pivot and could potentially drop to the 1st support which acts as an overlap support.
Pivot: 0.6636
1st Support: 0.6567
1st Resistance: 0.6711
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/USD Eyes Key Data After Breaking 0.6600AUD/USD Eyes Key Data After Breaking 0.6600
The AUD/USD extended its rally passed the critical 0.6600 mark to hit new three-week highs. Traders now turn their attention to the upcoming Australian Consumer Inflation Expectations and Unemployment.
The pair faces immediate resistance at the 200-day moving average, followed by the 0.668 level. On the downside, initial support could be the 100-day moving average, with further backing at the 50-day moving average.
In the U.S., the spotlight shifts to the July Consumer Price Index (CPI) due Wednesday.
Earlier today, the Producer Price Index (PPI) data showed a 2.2% year-over-year increase for July, down from the 2.7% rise in June. PPI often acts as an early indicator for upcoming CPI inflation.
Market participants are currently pricing in a roughly 54% chance of a 50-basis-point Fed rate cut in September, a probability that could increase following the PPI data.
AUD/USD Reversal: Bullish MomentumThe AUD/USD pair has shown signs of recovery after dipping to the 0.63500 level, with the price currently rising around 0.6595. This rebound is partly fueled by the US Dollar (USD) facing challenges due to growing expectations of a potential interest rate cut by the Federal Reserve (Fed) in September. However, the pressure on the USD might ease as the likelihood of a 50-basis point rate cut at the Fed's September meeting diminishes.
From our perspective, we anticipate that the AUD/USD will continue its upward trajectory, potentially reaching the Supply zone around 0.6700, with a possibility of extending higher to 0.6800. This target area is crucial for evaluating the next strategic move. The current market sentiment indicates that Smart Money is positioning itself long, while Retail traders are predominantly short. This imbalance suggests a potential increase in the value of the Australian Dollar (AUD) as the pair gains momentum.
Given these factors, our focus is on monitoring the price action as it approaches these key levels. We expect that once the price reaches the 0.6700 to 0.6800 range, a potential setup may emerge, providing an opportunity to capitalize on the AUD's strengthening against the USD. This analysis aligns with the broader market dynamics, indicating that the AUD is poised for further gains in the near term.
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AUDUSD | 15m Trade Plan | Intraday 15m: Marked the latest supply / strong resistance zones
@15m Killzones:
Plan A (51% probability): The market is likely to sweep the entire buy-side liquidity and then move towards a bearish trend.
Plan B (49% probability): If there's a potential supply-to-demand flip, the market is likely to move bullish.
Based on 15m clear confirmations after the liquidity sweep or flip, take a long or short position accordingly, depending on the bullish or bearish confirmations.
React only during killzones; do not take entries outside of these times.
Sell AUD/USD Wedge BreakoutThe AUD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined 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 0.6584, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.6525
2nd Support – 0.6490
Stop-Loss: To manage risk, place a stop-loss order above 0.6610. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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Best Regards, KABHI FOREX TRADING
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