Aussiedollar
AUDUSD Short Opportunity - Pullback TradeAUDUSD is currently at 61.8% fib retracement from the last swing high of 74.51. The pair is at a strong resistance right now, therefore we can short this pair and target 40 pips for our first take profit level, and 60 pips for the second take profit level. Stop levels is set at 30 pips.
Sell AUDUSD
Entry: 73.50-60
SL: 73.80-73.90
TP1: 73.20
TP2: 72.90
AUDUSD SHORTMe parece que el par FX:AUDUSD está a punto de iniciar una tendencia bajista a partir de este momento. El precio está probando el soporte de los 0,73100-0.73400 nuevamente. Este soporte luego de haberse roto hace 7 días puede actuar ahora como un resistencia, que a mi parecer tiene bastante fortaleza ya que se formó también un proceso de consolidación del precio sobre ella.
The Aussie DollarToday's focus is on the Aussie Dollar as we look at the fundamental calendar data report from Australia to release throughout the week. Following a steep decline in prices on most major pairs against the greenback, this AUDUSD pair had found support at 0.72650 level, which is also a fib extension of 1.272 of the previous swing low (as shown in the comments below). I've highlighted key levels on the chart as supply zone. If AUD/USD were to rally back topside, it would likely retrace to those levels.
Happy Trading, folks!
Cheers!
AUDUSD, possible long setupSupport around 0.733 at previous swing low is holding up quite well. You can tell by various weekly candle with huge lower tail which indicates that there's buying support. With that said, there is a good long setup trade setup for price to rebound towards 0.757-0.769. From the current price of 0.740, this give us a potential profit of 160-288pips. Stop should be place at 0.729, below the current swing low. Take note that this analysis is on a weekly time frame, thus expect to holding your position for a while (as long as the SL is not hit!). You should go into smaller time frame such as daily or 4H to better time your entry. Trade safe everyone!
Sell spikes above 0.7450 in the AUD/USDThe AUD/USD has been pressing higher on the back of USD weakness. After yesterday's weak inflation, I feel this is a good time to sell these spikes higher. 0.7500 is about as far as the AUD/USD can hold from a fundamental point of view. Entering a short position with a longer-term outlook might be a decent play while the USD is off its highs.
Aussie Long Setup - Consolidation Ready to break?!On the weekly timeframe, we've seen 5 downside wicks as orders have been filled at the 0.7350 support region. This week forms the 6th rejection of this and price already appears to be pulling back from here. Overall we have a weekly downtrend which lines up the downside Fibonacci retracement region with 0.7500.
Price moved largely bullish yesterday breaking back above moving average support. The moving averages have failed to crossover to the downside suggesting a bullish sentiment but for now they remain flat as price continues to fail at 0.7425 weekly resistance as the top of the consolidation range. The prior candle closed beyond the daily downtrend with the current candle already spiking through resistance. This candle has returned for a retest of the trendline break and is currently supported by the moving averages. I expect upside movements from this region to the 0.7460 region.
On the H4 timeframe price bounced off daily support and spiked through the 200ema in line with another test of the 0.7425 supply zone. Although we saw a heavy sell off from this region this actually broke prior highs confirming the reversal after the higher low formed yesterday. As price currently retests the daily downtrend moving averages are providing support. CPI data released this morning was largely flat so I believe downside moves are short lived. Price should now revisit 0.7425 before extending to 0.7470.
AUSSIE LONG This is my idea of a play on the aussie. Good CPI tonight will put another leg to the upside and we can hopefully break that 74.500 region.
GBP/AUD ShortMarket Makers Drive for Liquidity from and off of Fridays High of Day Close. We have seen a clear spike through the region and now a perfect time to get short down to the next demand level.
GBP/AUD
Aussie & GoldThe story for next week would be Aussie Dollar and Gold. Recently we've seen Gold bounce from a strong level of support, and given a massive rejection on US Dollar Index from a major resistance level, we can expect the two to take the realm - at least for the time being. However, Gold hasn't yet break the downtrend line so this market we assume that it's a little bit of a sideways market.
Happy Trading, folks!
Cheers!
EURAUD About To Start A Huge Move Down!I have been waiting for this setup for quite some time and posted this analysis a while ago. On the daily time frame we have a 5 wave corrective structure that broke to the downside. We then saw a smaller structure form below that and we are now seeing a break of the smaller structure. This indicates that the short break is valid. I am waiting for my entry trigger/setup and will enter this trade when my strategy triggers.
There are over 2000 pips in this trade if I am able to hold it all the way down but will be trading smaller time frames on the way down as well.
Contact me via direct message for any assistance required
Cheers
Linton
AUD/USD Analysis (July 2018)This will be my views of AUD/USD 0.07% for July 2018
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
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Sell the AUD/USD at 0.7500The AUD/USD has been falling and isn't able to break above 0.7500. With the RBA minutes and employment this week, I want to sell a bounce to 0.7500.
The parallel channel is lining up with resistance and is making for a good short. If we can get a bounce on the data of course. Chinese GDP didn't cause much fuss this morning.
Looking for the uptrendDepending on Euro weakness this week, we have data for the Aussie Employment Change and Unemployment Rate, if these are to be negative then we could see the current support holding and the uptrend continuing. The does look to be a lot of buyers place around the that support zone of the 1.5700 area.
A trading opportunity to sell in EURAUDA trading opportunity to sell in EURAUD
Midterm Forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.6190 would begin in Midterm.
Technical analysis:
The RSI bounced from the resistance #1 at 62 and it prevented the price from more gains.
A trough is formed in the daily chart at 1.5425 on 06/14/2018, so more gains to resistance(s) 1.5825, 1.5890, 1.6040 and maximum to Major Resistance (1.6190) is expected.
Price is above WEMA21, if the price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 53.
Trading suggestion:
There is a possibility of temporary retracement to suggested Sell Zone (1.5825 to 1.5890). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (1.5825)
Ending of entry zone (1.5890)
Take Profits:
TP1= @ 1.5730
TP2= @ 1.5620
TP3= @ 1.5525
TP4= @ 1.5425
TP5= @ 1.5275
TP6= @ 1.5075
TP7= @ 1.4910
TP8= @ 1.4605
TP9= @ 1.4445
TP10= @ 1.4040
TP11= @ 1.3675
TP12= @ 1.2225
TP13= @ 1.1600
TP14= Free
AUDUSD to reach down to .58500 by end of 2018 ? I was just perusing the AU weekly chart, and this rising wedge jumped out at me.
So I drew a couple of lines and noticed:
- Wedge bottom has 4 touches, plus a PERFECT Retest
- Wedge top has 4 touches though not as perfect.
- Start of drop from previous low is clear, so that is my flag pole.
Thus I am picturing two possible targets:
1) Bottom of Wedge (previous low so a double bottom)
2) Exact Flag Pole extension (for possible EW wave 5)
I am NOT in any AU position right now, but watching.
I am NOT a regular AUD trader, so I completely missed this.
Wedge bottom retest would have been a GREAT entry with high R:R.
Will be watching for relief rallies to short at this point.
AUDUSD Fibonacci Support Resistance Zones: AU as of Jun 26These zones are calculated using Fibonacci Ratios of past price moves.
Fib extensions and retracements are projected forward in time and price.
If price bounces or reverses, it will probably do so at one of these zones.
Check my previous ideas for the PRECISION of these zones.
I will update as new zones are defined by upcoming Fibs.
Is it a Breakout On the AUDUSD? Lately, the Aussie Dollar has been picking up steam but came short as it hit the downtrend line. The rally on the Aussie may have been exhausted, or it could be taking a break. We'll wait to see what happens.
Happy Trading, folks!
Cheers!
GBPAUD Short Trade Setup - Bigger Picture TradeGBPAUD has been performing as I expected and predicted on my YouTube channel some time back. With the completion of wave 5 to the top of the structure, I have been in a short and expect wave 6 to complete to the bottom of the structure over the coming weeks. If you are not in the short already, there is an opportunity approaching to enter this trade.
There is a smaller structure formation which is setting up for a break to the downside. A break out of this structure would indicate the continuation of wave 6.
EURAUD Short Trade Setup - Bigger Picture TradeWe can see the formation of a 5 wave corrective structure on the daily time frame which has broken to the downside. There is a smaller structure which has formed below the daily structure. A break of the smaller structure should indicate the continuation of price movement to the downside.
The 3 Take Profit levels are indicated using Fib retracement targets.
AUDCAD may be pushing to new levelsjudging from some templates and overlays of indicators, AUDCAD is still in nearer term, uptrend, and will move higher before going south for better pickings. placed short position where I think price will move. arrows show my market predictions. lots of chop.
