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Aussiedollar

AUDUSD: possible scenario0.72250-0.72750 price zone might act as resistance and possible opportunity for opening short position. Since end of July the pair is trading sideways, however the bias remains bullish (meaning lower volumes should be opened). Rising number of Covid cases resulting lockdown in Melbourne + global uncertainty might fundamentally support Aussie from breaking above 0.72750 price level. // Don't forget about the fundamental rules of trading. Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.
Short
by GIgor_021
EUR-AUD STRUCTURE ANALYSIS|SWING LONG OPPORTUNITY The pair is trading in a range with a bullish momentum, within the context of a larger daily support confluence and the bullish triangle. All that gives us a hint to expect a bullish breakout. However, the situation is complicated by the fact that the breakout up of the current range resistance will let the price out into the narrow red decision corridor, between the range resistance and the larger horizontal resistance. 1-IF both are broken>> 2-wait for pullback 3- enter a great swing long. 4-SL Below the level If the range level stands, then we will see a pullback to the local support for accumulation of power for the new resistance re-test! Thank you for reading, like and subscribe and have a nice day!
Long
by ProSignalsFx
1
AUD-JPY MASSIVE LONG|STRUCTURE ANALYSIS|TRADING PLAN The pair has broken up out of the downward channel where its been for a while and has now formed a bullish triangle on its way up, below the structure resistance. Given the bullish momentum and the setup, our target trade is a long, but with conditions. TRADING PLAN: 1-IF there is a breakout upwards 2-Wait for it to be confirmed 3-Go long on a retest 4-Take profit levels are on the chart 5-SL below the horizontal level Alternatively, IF the triangle gets broken downwards, with both support lines broken too, then one might be interested in going short, with SL above the horizontal resistance. This trade however, has lower probability and is less secure, as the setup will be less clear. Use your own best judgement and look at the price action. Thank you for reading, like and subscribe, and have a nice day!
Long
by ProSignalsFx
1
GBP-AUD STRUCTURE ANALYSIS|TRADING PLAN The pair had broken out of the long term downward resistance line and is now consolidating below the resistance in the bullish triangle/flag. Even though the pattern is bullish, it can break out either way, thus: TRADING PLAN: 1-wait for the breakout, either way 2-make sure it is confirmed 3-Enter the position on the pullback, according to the direction of the breakout. 4-The ultimate targets are the support and the resistance. Thank you for reading, like and subscribe and have a nice day!
Long
by ProSignalsFx
3
EURO-AUSSIE STRUCTURE ANALYSIS|KEY LEVELS| EURAUD is trading in a massive upward channel with a strong horizontal support in green as an additional backup. After the in-channel diagonal resistance was broken, the pair was set free to go up with the channel and retest the upper bounds. Now, the small diagonal resistance has also been broken and there the new target is the horizontal structure resistance. There is a hight chance for it to be tested soon. Therefore i am bullish short term. Key levels for now: Resistance: 1.6584 Support1: wherever the diagonal support gets touched. Support2: the broken diagonal resistance is now a mirror level Support3:1.6113 to 1.6055(if the channel support is broken again) Thank you for reading, like and subscribe and have a nice day.
Long
by ProSignalsFx
2
Trend change is coming. Entry technicsThe Australian dollar rallied above 0.72 and was immediately rejected. But it still holds the above the daily trendline. Potentially this rally can be extended to 0.73. Buyers have to protect their positions with tight stops. Commercials (based on COT) keep adding to their short positions, the cycle is turning to the downside. That makes me believe a selloff is coming. Failure to make a new high or breakdown below the daily trendline is a sign of trend change.
Short
by UnknownUnicorn1156963
ridethepig | AUD Market Commentary 2020.06.15For this one we are talking about an extremely disruptive swing that will continue to cause high beta FX outflows in the immediate term. The nice problem we have on our hands with this, is that we are now entering into a new long-term bullish trend for AUDUSD. So we 'know' this pullback will have a minimum flow towards the 0.650x handle before bulls have to deal with a completely new decision point. Since I considered the said bounce from the lows, a complete 5 wave sequence right on time for Fed and called live here, the strategic rule that one must now to cover and protect. In the long run, the positional struggle comes down to a struggle between USD devaluation via FED and restraining tendencies towards high beta fx. In this all embracing dance with risk, though an important strategy in itself is to remember it is only a means to an end.
Short
by ridethepig
6
AUD/JPY STRUCTURE ANALYSIS|DECISION LEVEL|TRADING PLAN The pair is trading in an uptrend after the diagonal resistance breakout. Now, AUD/JPY is facing a strong horizontal resistance. WAIT for the breakout either way. For the bearish breakout the diagonal support needs to be broken too. The short is a counter trend trade and therefore has lower probability. On the other hand, the level is strong and the RSI is in the oversold zone. Thus, let the market give us a hint in a form of a breakout. Then, depending on the direction, short or long based on the price action. Yet, the current price level is a good spot for opening positions, as it certainly is a decision level. Thank you for reading, like and subscribe and have a nice day!
Short
by ProSignalsFx
2
We're Back! - Big Risk On Move in AUD/USDBig "Risk On" move in AUD/USD, as FX traders flock into the Aussie Dollar as many feel more optimistic taking on more risk, and as the US Dollar breaks down. As a result, AUD/JPY broke through its weekly resistance of AUD/USD$0.6991, to reach AUD/USD$0.71722, to hit a level not seen since February 2019. Further, the rising weekly RSI adds further support to AUD/USD's recent moves, indicating that bullish momentum has been strong in the pair. Given this development, if this bullish trend continues, we can see the pair reaching AUD/USD$0.740674. However, if this bullish momentum stalls, we see the pair backtesting AUD/USD$0.6991. Nonetheless, we are optimistic on the pair at the moment.
Long
by EconomicsGlobal