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Aussiedollar

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.
Long
by INSIDEFX
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
Short
by Linton_White
5
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 Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
by SonicDeejay
2
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
Short
by ForecastCity
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.
Short
by EuroMotif
5
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.
Short
by Linton_White
9
AUDUSD still bearishHi guys, After one month vacation in China, Hong Kong, and Canada, I finally returned back to Australia. Let's see this currency pair how bad it was. By using simple trend line analysis on the left chart, you see the recent structure retested back to a black valid trend line that drawn from 2016-01. The red star gave you some ideas that AUDUSD could not able to breach a certain level near 0.7665. Some people may notice a bearish MACD divergence, some may see a dark cloud cover candlestick pattern. Netherless, they are all bearish signals. On the other hand, Ichimoku analysis on the right found 0.7665 was also a strong resistance. The next stronger one was 0.7613. Today's insights We are looking for demand zone or support area. By moving the chart to the past, you may see some supports found on 2016-11 and 2017-05. Left chart We may apply the same range of a bearish flag pattern,there are two targets. Target 1: somewhere between 0.7326 and 0.7373 Target 2: 0.7169 (only if more bearish movement applied) Right chart: Since 0.7454 was a strong support in May, Ichimoku traders need to be patient to see one or two more day to see whether tenkan-sen cross below kijun-sen. If it applies, we then look for chikou span support in the past, the demand zone is very similar to the left chart. Target 1: somewhere between 0.7313 and 0.7346
Short
by SoloTraderAU
1
AUD / CAD - Sell the commodity pair - SHORT to 500 pipsThe Aussie is heavily influenced by China economics and it's use of 'hard' commodities like Iron Ore, Copper, Nickel, Coal and of course Crude Oil and GOLD, and the Canadian Dollar is heavily influenced by the price of Crude Oil and we know the state of these commodities and precious metals right now, yes heavily BEARISH! But doesn't that mean this pair rise and fall together, ultimately yes, and since 2009 they have rotated nicely down a rather large descending on the channel which can be seen on the monthly time frame below. What this shows us is that the pair rotated to the North side of the channel with a retest of the channel producing a huge weekly pin bar in March 2018 and we've been falling ever since, albeit along the rising trend line until April, when we broke through that longterm bullish trend and confirmed our move to the downside is in play, and it did it, with a nice fat pin bar again, perfect sell signal, AGAIN! This idea is based on the daily chart, again showing a pin bar, but since the RSI is a little oversold, wait for a 50% pullback or a sell signal on the 1h time frame, if you don't how to enter, see my link on entries below. We have our first target @0.965 near the channel center line and at previous support, and the second is after taking profits and letting the trade ride down to the southern edge of the secondary channel. What are your thoughts? Patience pays, happy hunting!
Short
by CBMotivation
4
AUD / NZD - Pullback around 1.075 & SHORT 150pips+I've been tracking this fun pair for some time, long-term we're in a bearish channel coming off the 2010 crash, and we're rotating nicely down through the channel, we hit the top of the channel October 2017 and we're now on the bearish leg, having failed a bull push back up through the descending trend line which has now been respected by formation of a lovely pin bar, which is our signal to look for an entry, if you don't know how to enter, read my link below on how and when to enter. There are many areas of support which will respond, the channel center line is a major one @1.065, so be aware of that. I'm not expecting a gap down on open, but if we do, wait for a pullback to 1.07 to enter, otherwise look for an entry around 50% up the pin towards 1.075 area. Patience pays, happy hunting!
Short
by CBMotivation
2
AUD / CHF - Range bound & ready for LONG?This pair has been range bound since April and has been in and out of the range area bouncing off a rising trend line since 2015. RSI is now declining after rejecting the high of the channel for the fourth time and I'm setting a buy order @0.74 with a trailing stop below previous support and the trend line down @0.73 so reduce your leverage to ensure it's within your account management policy, I'm looking for a bigger move out of the channel up @0.76.
Long
by CBMotivation
8