In the daily time frame, the price has hit the bottom of the descending channel at the same time as the harmonic shark pattern is completed. In addition, we also see the formation of a AB=CD pattern in the area of the bottom of the channel. It is expected that the price will experience growth from this range or after another downward wave to the range of 1.6270
The price has hit the downward trend line with the formation of AB=CD harmonic pattern and we see a negative divergence in the RSI indicator. It is expected that we will see the price drop in the first stage up to the range of 0.8910
With the formation of the ending pattern, the price has hit the support range of the 0.87300. If the price is supported by this range, it is expected to break the ending pattern upwards and we will see an upward movement in this currency pair.
Risk aversion reigns supreme, casting a dark cloud over AUD/USD just before today’s employment report drops. A stellar jobs report is unlikely to spark calls for an imminent RBA hike, but it might prompt some short covering on the Aussie. Besides, there are early signs of stability above the 65c zone with Wednesday’s lower wick, which saw a false break of the...
The AUD/USD declined on Thursday and fell below 0.6500. However, despite this correction, the short-term outlook still favors the upside as the Greenback remains under pressure due to weaker US labor market data and declining US Treasury yields. Data from Australia showed that employment rose by 55,000 in October, surpassing the consensus estimate of 20,000 and...
The Aussie fell in line with our bearish bias last week, thanks to stronger-than-expected CPI data from the US and the Middle East conflict. Yet despite the risk-off sentiment, the Aussie held above 63c last week and formed a bullish engulfing day on Monday. A bullish engulfing candle also formed on the 4-hour candle, prices are back above the September low and...
hello traders.look at the chart in daily,as you see price took the liquidity and after choch in 1hr and breaking this trend line i am waiting for long confirmation around 1hrFVG area.what do you think? R:R 1.78 “”your follows and boosts encourage me to publish more analysis””
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hello guys.it’s a short setup in 1hr.as you see we have CHOCH and the direction of trend is changed. so in pullback around FVG area we are waiting for reason to open our sell position. R:R 1:65 “”your follows and boosts encourage me to publish more analysis””
In the Daily charts, we've now retraced 100% of our last leg up . You can see right below the starting point of the leg up, we have a Weekly Demand/Buy zone beginning around the 0.875 level. Bulls might find this an enticing target for market entry, on a bullish signal. This area could potentially be a 'STOP HUNT' zone. As we all know how retail traders often set...
Today's focus AUDCHF Pattern – LH - Continuation Possible targets – .5920 .5875 Support – .5951 Resistance – .5875 Indicator support – MA sloping down, CCI 0 Cross Hi and welcome to today’s update. Today we are watching the AUDCHF and wondering if we will see a new continuation lower that will maintain the current downtrend. Yesterday buyers made a solid move...
AUDNZD will rise to the level as clearly stated on the chart. Please use proper money management and stop loss for your trades.
The AUD/NZD is an interesting pair to examine after the release of each country’s respective inflation reports yesterday. In New Zealand, the annual inflation rate remained steady at 7.2%, prompting investors to forecast that inflation in the country has peaked, and the Reserve Bank of New Zealand can slow the pace of interest rate hikes moving forward, inducing...
Considering the reopening of the Chinese economy and also the domestic economy of Australia, which seems to be in good conditions (because the Bank of Australia was cautious about increasing the interest rate), and the increase in the price of gold, this path can be imagined. This week, it is likely that the Federal Reserve will increase the interest rate by 50...
🤑TOP DOWN ANALYSIS OVERVIEW🤑 🧐Eagle eye: bear trend extremely Monthly: the overall trend is Bear, but the current candle in retracement and retrace till filling our all FVG almost filled all gap areas, so in a broader view, we can say retracement is our weekly: trend in Bear, but the current move is the retracement 1 Structure analysis time frame: the daily...
🔰You can see the analysis of the Australian dollar to the US dollar currency pair in the one-hour time frame (AUDUSD_ 1H)💣🔍 💥Due to the fact that the price was able to break the Down trend line🖤 and then pullback💜 to it, the price can have upward🔺 Resistance🧡 SUPPLY and DEMAND zones are indicated in the picture👌 Do you think this analysis can be profitable❓ I...
🔰You can see the analysis of Australian dollar to Japanese yen in a 30-minute time frame (AUDJPY_ 30min)🔍💣 Due to the breaking of the Downward trend line🖤 by the price, if the price reaches the Support🧡, there is a possibility of the price rising to the SUPPLY zone🚀🔺 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 📌Please...
🔰You can see analysis of Australian dollars in US dollars in one hour time🔍 ✴️As is evident from the image, the price is moving in a parallel descending channel (purple💜). The areas of supply and demand are marked in the picture. Due to the presence of the price in the demand area, if the price can break the downtrend line (black🖤 line) upwards, you can buy in...