Get started

Aussiedollar

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
Elliott Wave View: AUDUSD Remain SupportedAUDUSD 45 minutes chart below shows that pair has ended cycle from July 9 high as wave 2 at 0.6918 low. The pullback unfolded as a zig-zag Elliott Wave Structure. From July 9 high, wave ((a)) ended at 0.6920 low. The bounce in wave ((b)) ended at 0.6993 high. Afterwards, the pair declined lower in wave ((c)), which ended at 0.6918 low. This ended 3 waves pullback in larger degree wave 2. From there, the pair extended higher as a 5 waves impulsive Elliott Wave Structure in wave ((i)). The rally broke above previous wave 1 high, confirming that wave 2 dip is already in place and the next leg higher is already in progress. Up from wave 2 low, wave (i) ended at 0.6964 high. The pullback in wave (ii) ended at 0.6931 low. The pair then continued to resume higher in wave (iii), which ended at 0.7018 high. Wave (iv) pullback then ended at 0.6992 low. The pair then ended the push higher in wave (v) at 0.7037 high. Currently, a 7 swing double zigzag in wave ((ii)) is in progress. The pullback is unfolding as double three Elliott Wave Structure. Wave (w) has ended at 0.6967 low and wave (x) has ended at 0.7012 high. The pair can still extend for another low to complete wave (y). However, while above 0.6918 low, expect dips to find support in 3, 7, or 11 swings for more upside.
by Elliottwave-Forecast
1
AUD/JPY STRUCTURE ANALYSIS| 3 day chart shows us that AUDJPY has broken out of the yet another long term downward channel and is now storming new highs following the two diagonal support lines, having the broken channels ex-resistance line as the new ultimate support. The new target level to be tested is the horizontal structure resistance, nearby. The price action suggest that the level will likely be reached and tested. Therefore, It might be reasonable to go long from the support, or wait for the local resistance breakout. If the level is reached, one might consider a pullback trade as an option. Thank you for reading and have a nice day!
Long
by ProSignalsFx
2
AUDCAD STRUCTURE DECONSTRUCTION| TRADING PLAN The pair has broken out of the long term bearish resistance, got above an important mirror level, and is now storming another horizontal structure with the bullish triangle! Trading plan: Wait for the CONFIRMED breakout of the triangle wither way, and then enter the trade after the pullback. The pair either goes hither, or returns to the previous diagonal support line, which is rather close to the horizontal support. Thank you for reading, like, subscribe and have a nice day!
Long
by ProSignalsFx
2
GBP AUD short term sell then buyWe are currently creating a lower low structure which is creating a nice wave pattern to the downside to reach the level of 1.77 a great structure level. We are currently short but be aware longs are being added. However the Aussie has had orders shorted for the past 13weeks. GBP with 54% short - 42,071 AUD with 69% short - AVG (13) - is 61,487 What can we see technically? - Daily bearish but breaking momentum short in the channel. - weekly bearish zone touched - bounce from the demand zone zone. - we can see the trend beginning to add long positions to correct. - we have made lower lows and lower highs- showing the correction - now in a consolidation zone with some great wicks formed and a reversal to the upside. Where to enter? Follow your plan we have further buy limits at 1.77 and will wait and watch at 1.78 if price reaches the lower weekly deep retest. we also entered sells at 1.8115 & 1.8070 respectively. Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted. Trade what you see, this is purely our Bias. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. Thanks, Team Lupa.
Short
by LupaCapital
AUDUSD LONGWe are long the Aussie in the Short Term according to our weekly analysis. We have observed Buyers participation from 0.6840 Friday Low, price has been discounted so it is BUY OR DO NOTHING from here for us. Stop Loss is any close below 0.6840. A break above T1 will give us 74% Target. NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your thinking in line with the truth about the market then you will win.
Long
by Charts247TradingAcademy
3