Fake out potentially incoming for the AUDUSD! Trade cautiously!The aussie dollar continues to trade in a random walk manner this week, building up pent up energy for the eventual breakout of the channel that is formed between 0.74270 and 0.72877. As areas of values on both sides continues to build up for stop loss hunting by the market makers, a whipsaw like action could potentially form before breaking up to the upside.
BULL CASE
We can continue to look for longs on this pair for a sustained move upwards as it is our opinion that any downside could be limited and short-lived. There are two possible ways this could happen. Firstly, it could break up immediately from these levels to find more upside or it could fake out to the bottom before shooting back up quickly to the upside.
BEAR CASE
If this week ends in a bearish red candle, it is likely to form some sort of pinbar reversal candle. Any downside should be capped and extremely short-lived.
Audusdcorrectional
AUD/USD Elliott Wave Correction ABCFX:AUDUSD Awaiting Correctional Wave ABC
Potential correction on Elliott Wave
Rules for Elliot Wave
Wave 3 can never be the shortest impulse wave
Wave 2 can never go beyond the start of Wave 1
Wave 4 can never cross in the same price area as Wave 1
Support Level: 0.7750
Stop Loss: 0.7740
Target: 0.7928
Risk to Reward: 1:5
AUD/USD - Shorting OpportunityAUD/USD likely to retract.
Simple Moving Average (7 days) and Long Term Moving Average (28 days) on a 4 hour interval chart are approaching a cross over indicating a change in market direction
Relative strength indexes indicated the pair had previously had been overbought on a 4 hour interval chart and remains overbought on a 1 day interval chart at 73.84% on the previous market close.
Previous Resistance levels provide us with the following: Resistance 1 at 0.7970, Resistance 2 at 0.8040 (Based on May 2015), Resistance 3 at 0.8100 (Based on April 2015)
Previous Support Levels Support 1 at 0.7835 (Based on April 2016), Support 2 at 0.7760 on (April 2016)
Stop Loss: 0.7970, Target 1 : 0.7835, Target 2: 0.7760
AUDUSDOur preference: position below 0.7605 with targets at 0.7560 & 0.7535 in extension.
Alternative Scenario: In excess of 0.7605, aim for a continuation of the rise with 0.7630 & 0.7655 in line of sight.
Comment: the support sinking to 0.7605 triggered a bearish acceleration on the support at 0.7535.
0.74466 VS 0.75664 = Fight!!! ;)#include
using namespace std;
int main()
{
setlocale(0, "");
double num;
cout << "0.75267 ";
cin >> num;
if (num < 10) { //If the price breakthrough the price 0.74466 = short term Downtrend
cout <<
} else { // If the price breakthrough the price 0.75664 = short term Uptrend
cout <<
}
return 0;
}
AUDUSD @ 1h @ best performer (of 21 major cross-rates) last weekTake care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
more detailed stats (all 21 Major Cross-Rates) of 2nd week 2017 @ my GOOGLE Drive
drive.google.com
Best regards :)
Aaron
AUDUSD-SHORT POSITION FOR ATLEAST 100 PIPSIt's a potential short position for at-least 100 pips.
Based on AB=CD And Gann Analysis, It's a potential short position for 100 pips.
In a low time-frame (1hr) this short position is also conformed.
TP & SL are mentioned in the chart.
My Stop Loss is 0.76800 based on my strategy.
Adjust your Stop Loss according to your lot size,
account equity ,strategy & money management.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity
Forex Market Analysis and Trading Tips 22nd March 2016 - AUD/USD
SUMMARY:
The primary trend of AUD/USD is bullish on charts and price is trading below the trend line in its 30 min. chart. In 30 min. chart the price is sustaining above 200 day SMA and is taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7626 and support at the level of 0.7565. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY:
AUD/USD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.
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Forex Market Analysis and Trading Tips - AUD/USD BUY! 160 Pips!AUD/USD ( HOURLY )
SUMMARY:
The short term trend of AUD/USD is bullish on charts and price is trading above 200 DMA and 50 DMA on 4 hourly charts with appearance of golden cross. It is having an important resistance at the level of 0.7260 and support at the level of 0.7110. If it breaks its resistance level on the higherside and sustains above it then we can expect it to show further upside movement.
INDICATORS:-
On MACD positive cross over appeared which indicating the bullish trend in the pair.
RSI is sustaining in its buying zone at 59.73 on 4 hourly chart indicating the upcoming bullish trend in the pair.
Let me know how you get on guys, pleased to hear everyone enjoyed yesterday's EUR/CAD short!
www.tradingsignalreviews.com
Weekly Forex Report 22nd Feb 2016 - AUDUSDAUD/USD ( DAILY )
RECOMMENDATION: BUY
SUMMARY:
The secondary trend of AUD/USD is bullish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7242 and support at the level of 0.6970. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY:
AUD/USD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.
Forex Market Analysis And Trading Tips - 15/02/2016RECOMMENDATION:BUY
SUMMARY:
The secondary trend of AUD/USD is bullish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7240 and support at the level of 0.6825. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY:
AUD/USD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.
www.tradingsignalreviews.com
Forex Market Analysis and Trading Tips - 12th Feb 2016 - AUD/USDGreat spot to be in guys...
SUMMARY:
The secondary trend of AUD/USD is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 50 day SMA and taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7152 and support at the level of 0.7065. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY:
AUD/USD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.
As usual, let me know how you get on and if you have any questions!
All the best and happy trading!
www.tradingsignalreviews.com
Forex Report and Trading Idea - AUD/USD Short 09/02/2016RECOMMENDATION: SELL
SUMMARY:
The primary trend of AUD/USD is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is had an important resistance at the level of 0.7150 and support at the level of 0.7220. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative zone indicating the bearish trend in the pair.
RSI is sustaining near its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY:
AUD/USD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
www.tradingsignalreviews.com