Get started

Aussiedollar

68c is the next line in the sand on AUD/USDThe Aussie has seen an impressive short-covering rally over the last couple of weeks, where large speculators were had their most bearish net-exposure since September. Another ‘surprise’ RBA hike (to some…), calls for a Fed pause, stimulus from China and higher have helped it recoup losses sustained since the May high. And our attention now shifts to the FOMC meeting and tomorrow’s Australian employment report to see where it will go next. The fact the rally has stalled around 68c makes sense, as this is the area it has struggled to hold above since the RBA paused their tightening cycle back in July. We have seen four failed attempts to close above 68c on the daily chart, and nine failed attempts to close above 0.6782 since that meeting – which makes this a pivotal zone for traders to focus on. It’s not impossible to expect the Fed will be more hawkish than some anticipated despite weaker inflation, given there’s no appetite to deliver a dovish punchline with inflation still at historically high levels. But that could help AUD/USD break beneath yesterday’s bearish hammer and head towards the 0.6700 / 0.67100 zone, especially if Australia’s employment report comes in soft tomorrow (which reduced pressure on the RBA to hike). But if the Fed surprise with a dovish pause and AU employment is strong, then a break (and daily close) above 68c seems feasible as bears ‘caught short’ continue to capitulate and bulls bet on another RBA hike.
by CityIndex
AUDJPY is impending reversal SHORTOn the one-hour chart, AUDJPY is in the area of overhead resistance and the supply zone. Both the zero-lag MACD is showing bearish divergence. The mass index indicator has already given a reversal signal where mathematically the indicator goes over 27 and then triggers when it crosses down on 26.5 This indicator often misses a reversal but seldomly generates false signals. Japan has had rock-solid central bank actions and policies perhaps propping up the currency value in comparison with others including the Australian dollar. Overall, I have high confidence in a short leveraged forex trade of the pair at this time. The stop loss is just above the red supply zone while the target is just above the POC line of the volume profile yielding a trade with a reward for risk of over 20.
Short
by AwesomeAvani
AUDNZD bounces down from the Overbought ZoneOn the 15 minute chart- the AUDNZD pair is shown to have encountered overhead horizontal resistance by the Luxalgo indicator. It has been unable to get above the 2nd standard deviaion line of the anchored VWAP and deflected downward. Price is now below the POC line of the multisession volume profile. Overall, bearish bias is on the chart as confirmed by the zero lag MACD with the lines crossing down on the horizontal zero line. I will trade an additional short sell trade on this pair and review the strength of AUD as compared with EUR USD and JPY for other trade possibilities. My target here is the underlying green zone of support and demand.
Short
by AwesomeAvani
AUDUSD Rising LONGOn the 4H chart, AUDUSD is rising over the intermediate term volume profile POC and ascending the anchorded VWAP bands as well; Price rose from undervalued to fair-valued on the VWAP bands. The Chris Moody RSI indicator flashed a a pair of buy signals and RSI rose over the 50% line. Another good sign is price is approaching a volume void /gap on the volume profile. Finally there was a mild volume spike when price reversed from the bottom of the high volume area on the profile. I am looking for rising price action in the intraday upcoming once both London and New York sessions are overlapping.
Long
by AwesomeAvani
AUD/CHF could be headed for the April 2020 lowAUD/CHF is within an established downtrend on the daily chart, and the current dynamics present a divergent theme which could send it lower from here. Yesterday closed with a bearish engulfing candle at its lowest level since April 2020. The moving average remain 'within order' and fanning out, and the 10-day EMA is now capping as resistance as prices try to accelerate away from the averages. The monthly S1 pivot sits around 0.5975 and the RSI is oversold, so we may see a period of consolidation or minor rebound from S1. But the bias remains bearish below 0.6100 and for an eventual move towards the April 2020 low.
Short
by CityIndex
AUDUSD - Support area provides a buying opportunityConsidering lower NFP data on Friday, the odds on FED pause seem to be a bit increased even though it was not quite reflected on the FEDwatch tool. However, taking the holiday into account it is not that surprising to see such a low volume happen on the NFP data release. Thus, an indecision candle formed right at the support area. This could pose a nice opportunity to either buy or sell the market as the guide is quite simple. Price breaks and closes above Friday high means buy opportunity, and the opposite also applies. But since I am a dollar bear for now, I think I would prefer to do the buying instead of selling. Entry: Above Friday's high Stop: Below Friday's low Target 1: Bullish engulfing candle high Target 2: Daily resistance (blue box)
Long
by disaresta
EURAUD Long EODEuro Inflation data out this week, as well as the Aussie CPI. From TD Securities, talking about the Euro HICP: Softer energy inflation likely continued to weigh on headline inflation in the EZ. That said, on a m/m basis, energy inflation likely stayed resilient, in part as subsidized prices won't have declined by as much as wholesale prices. Core will be the main focus though, and another strong print will add more pressure on the ECB to keep hiking in 50bps clips after Mar. Wednesday, March 1st, watch out for a drop in the Australian headline inflation data!
Long
by Macrobriefing
EUR/AUD Long-Term Idea 💡 EUR/AUD has been in an overall downtrend for weeks but has recently broken that trend line. I have condensed down to the 12hr chart to show both short and long term possibilities using a mixture of the dow Jones theory with market structure and fibonacci. It is still possible to see price push lower but in the events of a new uptrend, this is what I would expect to see according to confluence. Orange cycle is the lower time frame elliot wave which should form the larger time frame green cycle following the new uptrend. Green dashed line is the 1.382/1.618/2.0 fibonacci levels of cycle 1 completion highlighted. (Turquoise rectangle is 0.618 of cycle 1). Harmonic patterns are usually located in the correction for a trend continuation however i have not highlighted these for a cleaner chart. This is only a speculation, not to be considered as financial advice. Any positions taken should be done by your own discretion.
Long
by mattharr96
4