Long AUDCHFLast week AUDCHF posted a green Heiken Ashi candle on the weekly time frame. This suggests to me that we may have another green candle posted this week. It's also the case that there was a green Heiken Ashi candle posted on the daily time frame on Friday after a series of red candles. This suggests to me that we may have a multi-day bull run.
Aud
GBPAUD 1000+ PIPS TRADE SETUPHello traders , it looks to me gbpaud may start a strong bearish move.
here are our bearish clues :
- the price touched a bearish trendline and formed a double top pattern
- RSI divergence the indicator shows lower highs and lower lows which indicates that the sellers are getting weaker
Trade Confirmation : Breakout of the local bullish trendline and the double top Neckline.
I post Weekly setups and analysis on my tradingview if your not following me your missing out on free mulla .
This is not financial advice just my humble opinion trade safe.
AUDUSD - Two ways one outcome! Hello traders, investors and community. Today i will take a bullish look on AUDUSD and what the chart is showing me, the absolute high probability signs for some bullish outcomes. On my chart you see the daily price action of AUDUSD. AUDUSD is just about to form a massive bottom formation with an descending triangle about to complete. I detected it and it is marked with the red trendlines, price is still remaining in the triangle. It is for sure that it will break out and form some bullish movement, the question is when it will complete.
In my chart you can see that price is touching the upper trendline of the triangle, it is possible that we break out of the channel the next time otherwise price can still remain in the triangle and touch the lower trendline before it breaks out. Also AUDUSD had some good volume, (over average), in the last bull-wave which you see in the chart. There is a huge support zone at 0.64 - 0.69, that if we come back to this level there is a high probability for some good support in this area.
Also you see this huge bullish dragonfly doji formed on the 3th of january, this shows how storng and important that support level is.
When we break out of the triangle without coming back again! There is a target projection which you see in my chart. This target will be intact when we break out and confirm the triangle. When you see the light blue striped trendline where the target remains you can see that it is EXACTLY the point of resistance of the previous bear moves till we reached the bottom. You can see it marked with the dark blue square.
If we remain in the triangle and breakout later the target will be a different price but the same length!
The RSI shows me that we had some oversold condition before the two last bull moves began, it can come back to the trendline and form a bullish divergence. I am expacting this to happen either when we break out of the triangle now or when we remain in the triangle and confirm the lower trendline.
This i only educational information and should not be used to take action in the markets!
Peace and love to everybody!
Potential turning for Audchf?Watching it closer on h1 for next week...
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GBPAUD: Curve Analysis (1W)BIG PICTURE TREND IS NEUTRAL
(aggressive risk)
SLO2 @ 2.0233 ⏳
SLO1 @ 1.9850 📉
TP1 @ 1.9115
TP2 @ 1.8495
TP3 @ 1.8040
TP4 @ 1.7335
BLO1 @ 1.7165 ⏳
BLO2 @ 1.6755 ⏳
Based on the 1W chart for GBPAUD, the pair is currently trading in a symmetrical triangle pattern. This pattern is considered to be a neutral pattern, meaning that it could break out to the upside or downside. The price has been consolidating between the upper and lower trendlines of the triangle for the past few weeks, and it is now approaching the apex of the triangle.
The next few days will be critical for the GBPAUD pair. If the price breaks out of the triangle to the upside, it could target the 2.7000 resistance level. However, if the price breaks out of the triangle to the downside, it could target the 1.6755 support level.
The GBP is currently trading near its 200-week moving average, which is a bullish signal.
The AUD is currently trading near its 200-day moving average, which is a bearish signal.
The RSI indicator is neutral, suggesting that the market is neither overbought nor oversold.
The MACD indicator is in a bullish crossover, suggesting that the momentum is turning positive.
Overall, the technical analysis for GBPAUD is mixed. The symmetrical triangle pattern is a neutral pattern, and the other technical indicators are giving mixed signals.
However, the GBP is trading near its 200-week moving average, which is a bullish signal. Therefore, I would lean towards a bullish bias for the GBPAUD pair in the short term — particularly watching a buy signal around 1.9385
AUDCAD: Curve Analysis (2D)SLO2 @ 0.9495 ⏳
SLO1 @ 0.9400 ⏳
TP4 @ 0.9356 (closing ALL Buy Orders)
TP3 @ 0.9185 (shaving 25%)
TP2 @ 0.9080 (shaving 25%)
TP1 @ 0.8920 (shaving 25%)
BSO @ 0.8766 ⏳
BLO @ 0.8666 ⏳
PA is officially trading in the Demand Zone.
It appears that the DT retracement is over
We should see this oversold instrument reverse in our favor towards the upside
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64000 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64000 support and resistance zone.
Trade safe, Joe.
GBPAUD to continue in the downward move?GBPAUD - 24h expiry
There is no clear indication that the downward move is coming to an end.
We expect a reversal in this move.
A move through 1.9600 will confirm the bearish momentum.
Short term RSI has turned negative.
The measured move target is 1.9400.
We look to Sell a break of 1.9600 (stop at 1.9750)
Our profit targets will be 1.9480 and 1.9450
Resistance: 1.9675 / 1.9700 / 1.9750
Support: 1.9600 / 1.9500 / 1.9400
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AUDCHF Potential DownsidesHey Traders, in today’s trading session we are monitoring AUDCHF for a selling opportunity around 0.57150 zone, AUDCHF 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 0.57150 support and resistance area.
Trade safe, Joe.
AUDCAD Potential DownsidesHey Traders, in today’s trading session we are monitoring AUDCAD for a selling opportunity around 0.87400 zone, AUDCAD 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 0.87400 support and resistance.
Trade safe, Joe.
AUDUSD - a slave to Chinese markets We saw a lot of confusion in the headlines as to the weakness in AUDUSD yesterday. The RBA meeting had very little to do with it, and the AUD has just been a proxy of Chinese markets. A higher USDCNH and weaker HK50 saw AUD lower, and a simple overlap will highlight this. Weaker China Caixin services PMI data was behind this, so as we look ahead at China trade data (tomorrow – no set time), international funds continue to use the AUD as a liquid and cost-effective vehicle for trading the yuan. After a big move lower on the session yesterday, we are seeing modest follow-through selling in AUDUSD today – not influenced by Aus Q2 GDP (which was modestly hotter), but USDCNH pushing higher.
Favour this pair further lower, although if China property stocks do reverse higher here, I’d reverse as a day trade and follow the tape.
GBPAUD BuyThis Pair has much potential to become a Buy setup and hit around the 1.99000 area.
The previous Daily candle was a Break of Structure for the 4-hour timeframe, but we'll know to buy if it closes above 1.97282. (As is doing as I'm writing this.)
I'll get on this trade after it closes so I'll probably wait an hour, we need a solid close.
SL would be around 1.96666(spooky)
TP would be 1.98250
AUD/NZD short ideaHello Traders
Our technical view has been shown in the chart.
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-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.)
AUD/USD another drop!!!Hello Traders
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.)
GBPAUD TECHNICAL ANALYSISGood day, traders.
On a four-hour timeframe, GBPAUD is displaying a bearish continuation pattern. I'll be keeping an eye on the price movement in the 1.9622 Zone for a chance to go short on it with a target price of 1.9500. Use effective risk management. Like and subscribe to help me with my efforts.
EUR/AUD swing trade longEUR/AUD remains within an established uptrend on the daily chart, and a 3-wave countertrend move has formed.
It is trying to build a base above the 50-day EMA and July high, which paints a near-term bullish bias whilst prices remain above 1.66.
We're not yet sure whether we're at or near the end of a 3-wave correction, or if this is simply the first leg lower of a deeper retracement. For now, we'll target 1.85 and use a break above 1.69 as confirmation that momentum has realigned with the daily bullish trend.
RBA Rates Decision TomorrowThe RBA is set to decide on rates tomorrow, with the decision likely to hold cash rate at 4.10%
Last month when the RBA held rates, the AUDUSD dropped.
Looking for a similar move, especially with the AUDUSD trading along the 0.6465 support level.
A break to the downside could see price test the next support level of 0.6380