As the daily price has move directly down towards our trend line a clear long order is emerging, with the daily channels clearly defined we will be entering long around the 0.68500 level. The US/ Iran saga is something to consider within this position. Remember to use good risk/reward ratios. Check out all our in depth analysis and trade ideas here...
AUDUSD trades at key resistance zone, triple top and downward trend line. Resistance above around 0.6900 also. On the shorter time frame RSI shows divergence, displaying a loss in momentum.
I''m still looking to long AUDUSD We had great pips with the 3 audusd trades. 1 TP-ed (Trailing stop) 2 (still open).
Hello, my analysis is above. Feel free to message me or comment your opinions!
A break of the ascending trendline wedge and the 78.6% Fibonacci will confirm this trade setup. The 0.71500 daily level will also provide a good area of resistance. 0.71215 will likely provide an area of Daily support. The weekly support of 0.70900 may also hold up price for a couple of days before price continues it bearish trend. Another trade may be added below...
AUDUSD looks poised for further gains after a Head & Shoulders reversal pattern was completed and price is being propelled higher by risk-on sentiment and a broader USD reversal.
AUD/USD is primarily in a sale position due to being overbought and breaking through the ascending trend line. However due to the reaction around the current fib level and horizontal support, you could take a small lot sized scalp and target the descending trend line for your take profit zone. But in the event it breaks and retest I would close the position for...
Based on fundamental analysis mostly, the federal budget is expected to change from 8 to -50 which will definitely affect the currency making AUD more powerful and the expected reaction that AUD USD will increase for a short time period of 2 to 3 days, in addition it will hit a strong support line!!
This pair has a bullish outlook in the long run but currently working with a resistance @.81 and a support line @.77 The idea towards trading this pair is to watch what it does with it's support line @.77 if it breaks it going down then we might see the lows we were working with last year of .69 but chances of that happening in my opinion are zero to none. With...
Hello Guys, we have a nice buy trading setup. We are bullish the AUDUSD because of several intermarket reasons. BUT never risk more than 1% on each trade otherwise you will lose your account. Cheers
A rising bottom formation and a bullish break from the symmetrical triangle formation amid gold rally, coupled with a bullish RSI suggests the Aussie is heading higher to 0.76 and possibly to 0.77 levels over the next couple of weeks.
Despite the sharp sell-off from 0.7556 this week, the RSI is still sufficiently far away from the oversold territory. That means there is enough room for a drop to 0.7311 (Nov 21 low)... especially if the US data betters estimates. Only a horribly weak US wage growth numbers could yield a recovery to 0.7455 (5-DMA) levels.
We just hit 61.8% weekly level.. If you look at the MACD window is showing signs of reversal. Still to OANDA:AUDUSD early, but!!
Hello Traders, we hope you have a relaxed weekend. In this idea, we'll be looking at AUDUSD long. As the market shows us a bullish sequence against the December low 2016. We will expect further bullish momentum in AUDUSD. Especially commodity currencies such as AUD, NZD and CAD. With Gold and Silver, new bullish cycle, we expect aussie, kiwi and loonie also to...
Rounding top formation on the price chart and RSI suggests the bullish move has run out of steam. The technical picture gels perfectly with the fact that March Fed rate hike bets stand above 60%. Gold is retreating as well. Thus, a drop to 0.75 handle appears more likely. Only a move back above the rising trend line would signal continuation of the rally.
AUD/USD rebounded from 0.7450 (38.2% of Jan low – Apr high) in late July (once is an accident) …then again mid September (twice is coincidence) and now it is closing-in on the key level again. Thrice may not happen at all! This is because the pair is coming off a repeated failure near 0.78 handle followed by a break of the rising trendline/symmetrical...
Pair’s bearish break from the symmetrical triangle last week and a breach of the rising trend line followed by a repeated failure to retake the rising trend line on Monday and today has opened doors for a sell-off to September low of 0.7442. The bearish invalidation is seen only if the pair retakes the rising trend line on the daily chart.