Aussiedollar
AUD USD - short trade still in play. Same description as previous - as it still stands.
We have our sells activated - the reason behind this is looking on the weekly timeframe - the wicks have been removed by the recent candle closes on the daily.
Trade 1 has been taken,
Trade 2 - un-activated - as price may attempt to settle around 72. XX
Upcoming
We will share our new analysis for DAX30 soon.
We cannot see a specific level holding for the future.
Why are we selling?
Aussie budget looked to really help alot of average Australians, but failing for Queensland to open to NSW and Tassie, WA for freedom of complete movement will be damaging as Summer season comes.
Stimulus is provided but Scomo's government is worried about the deficit.
USD side:
Price is volatile - during the election process in the US, the worlds relationships are affected
The election is coming closer <30 days.
The S&P500 and NAS100 are not shown here but use reference for our previous ideas to show where price has reached our over exposed markers.
The stocks have recovered well from a V - shaped recovery, too fast with big price action gaps.
Dollar is strengthening.
Shift in presidential change of power?
Covid 19 - second wave has concerned EU governments - with further pumping of money to "control" the costs of job losses and curb closures.
We have established a great supply or essentially a strongly overvalued market again in quick succession, however price will be giving some good areas to sell this aligns with Commodity currencies like the Aussie.
This is a long term sell. price can and will invalidate.
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EUR_AUD SWING FORECAST| LONG
EUR_AUD is hovering above an ultra strong daily support
I expect it to be retested and then we will see a bullish rally
To retest resistance
Long
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AUD_JPY WILL GO DOWN FROM RESISTANCE|
AUD_JPY has bounced from resistance
And will go down to the support
Maybe after a retest!
Short
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AUD_USD WILL GO DOWN|
AUD_USD failed to break strong resistance
Now might retest it
But will go down after that
Sell the retest.
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EUR_AUD SELL FROM RESISTANCE|
EUR_AUD reached strong resistance level.
Having failed to break out of the long term parallel channel it returned back
Retested the support and now, lacking bullish momentum will likely retest the support again!
Sell
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AUD_NZD WILL GO UP FROM RESISTANCE!
AUD_NZD is falling in a channel
Now hit a confluence of a horizontal key level
And the channel support line.
Very likely to see a pullback from the level.
Long.
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AUD-NZD will go UP in the channel!
AUD-NZD is falling in the chanel
Reached support confluence of channel support
And key level
Now will go UP to retest resistance
Buy!
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#AUDUSD, Ready For a Sell ?!price has broken the support line and tries to make a pullback on it.
price is under the ichimoku cloud and we have a bearish cross of tenkan and kijun.
if the rsi came under drew the support line, u can get a sell.
NOTE: we have important news ou USD so don't forget the risk management and select a good SL.
AUDJPY intra-day longAussie has been strong throughout this entire election time, and it's still dominating so I'm lookingfor this to push higher.
In this specific setup tho, there was a huge push to the upside and price has retrace and find support so I'm looking for more bulls to the upside.
AUD-CAD on resistance. Looks bearish
AUD-CAD had a nice bullish rally just as I predicted
Now, it is at a strong resistance and looks bearish
Sell on confirmation
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AUD/CHF LONG POTENTIAL TRADEAUD/CHF has pulled back to ema 89 and has consolidated at this level and produced an rvi bullish cross. we can now look to long the pair and wait for rvi bearish cross or new high or previous high.
AUD-CHF prepares to surge
AUD-CHF has a good change for an upward rally
It is now consolidating and If breaks small resistance
Will accelerate towards resistance line
Buy
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AUD_NZD LONG TRADING PLAN
AUD_NZD has established a double bottom and is about to breakout the minor falling channel upwards.
Wait for the breakout of the falling and horizontal resistance levels.
Go long on pullback.
First target=the greater falling channel resistance.
Final target= the green horizontal key level.
IF there is no CONFIRMED breakout(1h candle closes ABOVE the level)
Then the setup is invalid!
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See you then!
EUR_AUD ON KEY LEVEL|TRADING PLAN BREAKDOWN
EUR_AUD is trading above the broken key level, while also respecting a diagonal support.
So the target trade is a long.
For us to enter a long, we need the small downward channel resistance breakout confirmed, a pullback and then depending on your trading style a straight long or waiting for the pair to provide you with some additional local structure or the pair going lower to improve risk reward.
The objective target is the previous higher high, and the absolute max target is the presumed resistance line extension crossing.
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See you next time!
AUD-CAD long from support
AUD-CAD on support confluence
strong bullish pressure
Long
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AUD-CAD buy from support
AUD-CAD will go up from support
buy now
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AUD-USD will go up
AUD-USD will go up from support
its time to buy now
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AUDUSD At Support For Long.AUDUSD has fallen sharply after touching its resistance level on the upside (as shown in the chart). Now it is trading at the support level of the Symmetrical Triangle Pattern. According to chart pattern analysis, we might see some upside in AUDUSD from the current level, As Symmetrical Triangle Pattern suggests indecisiveness in trend. One can initiate a long trade with proper risk management and stop loss.
Thank You
$AUDUSD - Triangle correction is about to endHi guys!
AUDUSD, Australian data looks promising, US data looks even better according to the forecasts.
Hence, a slight difference may play a great role in this pair.
My suggestion here is - wait for a breakout from the triangle then go long, or open a long position here and place your stop loss below the dynamic support (Risk-Reward ratio won't be great and your SL may get hit in times of high volatility). Another option is to wait for the pair to touch the dynamic support and bounce off.
AUD_CAD TRADING PLAN|DETAILED BREAKDOWN
AUD_CAD reached a confluence of resistance levels.
So we are bearish biased and we are looking to open a shot trade.
Wait for the flag resistance to be broken downwards, then go short on pullback!
IF there is no breakout, the setup is invalid!
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EUR_AUD LONG OPPORTUNITY| DETAILED SETUP BREAKDOWN|
EUR_AUD is retesting the broken key daily level.
The pair has been falling in a downward channel and has now formed a double bottom right on the key level.
Wait till the breakout upwards of diagonal and horizontal resistance happens.
Go long on pullback.
If there is no breakout, setup is invalid!
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ridethepig | AUD Market Commentary 2020.10.21🔸 AUDUSD - Market Commentary 2020.10.21
The following play is aiming for a test of 70c; after a very dovish RBA earlier in the week opening the window for negative rates, we have some more downside to play. Wellll done all those selling AUDCAD , AUDUSD and AUDCNH . Volatility is going to continue to expand as we enter into the elections which will weigh heavily on AUD and NZD to a lesser extent.
The play towards 70c can be opened by a fresh zig-zag from sellers. Such a move should never be played without being aware where we are wrong and measuring with certain effectiveness the bang for our buck. The downside is made possible via USD finding a temporary bid for ultimate safe-haven flows. We must recognise the dollar as the reserve currency and give it credit where credit is due. For the technical flows, looking for an eventual test of 0.700x/0.699x while invalidation above comes with a closing basis through 0.711x.
Thanks as usual for keeping the feedback coming 👍 or 👎
