EURAUD 4HAwaiting breakout... I believe price will head back to trend line support / triangle bottom before choosing a direction.
Aussiedollar
AUDJPY 4HWatch for break of 4 hour uptrend line next target at weekly support, price getting squeezed will breakout soon. Could push more to the upside or down lower is what I anticipate but patience & time will tell...
GBPAUD DAILYLast week, BOE gave us a perfect retest of broken weekly trend line, & bounced off the 61.8 level. Price closed above resistance I will go to the lower time frames to look for an entry. AUD RBA Rate statement shortly I am anticipating a weaker Aussie lets see how that helps this setup go into play..
AUDUSD Weekly Outlook 5th November 2017 NFP on Friday saw the Pair push lower again back into the Monthly key level.
We can still see signs of rejection in this area which shows it still has some potential to reverse from this level.
We have had an ABC pattern complete, we also have a 0.618 fob in this area which gives us the a,b legs of another potential move upwards.
On the Daily we are in the area where there could be a further push down to test this area or reject will wait and see how the market opens but with the cross of EMA's on the Monthly chart this could just be a corrective move before we move upwards
AudUsd - Bear FlagLast week price corrected in the form of a Bear Flag before selling off towards the targets from last week as expected. A correction this week will provide a great opportunity for anyone managing shorts to add towards the targets of 0.76156 and 0.75817 respectively.
AUDUSD SELL SETUP @ 60 MinHi,
We can see clearly last month fall right now AUDUSD trading on corrective structure for short term and continue another leg downside. Today Aussie session gave some surge in aussie and also other currencies against green backs. I am looking for this is the short term surge, High probability reversal possible on hourly chart.
Break OR bounce?!After price rejected its daily uptrend line & 50 fibonacci level, my projection is a rebound back to the upside. But a break & retest of that trend line could give us a break to the downside. Lets see
AUDNZD 4HThis pair I will be watching to for a potential short during AUD news later today. Looks like price broke its wedge & is now retesting, along with broken support turning resistance. Will be observing carefully
AUDUSD Monthly Outlook 01/11/2017New month new candle close on the Higher timeframe.
AUDUSD closed and rejected my Monthly key level. This along with the continued Higher high closes and continuing to respect the ascending tend line makes me think we could see a retest of the 0.8100 level.
We also have had a rising 3 candle formation on the last 3 months (I think that s the name of the formation correct me if i'm wrong) and we have got a couple of fib confluences with the 0.618 lining from a monthly high key level to low, also a 0.32 swing low to high fib.
Also possible wave 4 to 5 just to mix things up even more
see what happens around the 0.77200 level first.
AUDUSD DAILYWaiting for price to pullback to broken support then turning resistance (lower high), or break of uptrend line & retest for continuation lower..
AudUsd - Break Of Support Hints Further DeclinesWe start the week below key support now resistance at the 0.77482 area. A correction and re-test of this are will provide a great place to look for shorts down to the targets of 0.76156 and 0.75817 respectively.
GBPAUD DAILYInverse head on shoulders broke out of its weekly downtrend holding since 2015. Price broke its neckline came back to retest & now looking to see if we can get a hammer close to support. Elliot wave potential swing trade lets see how it plays out !
EURAUD DAILYLikely to break higher, price has been range bound & is now back at daily resistance. If we can get a break above price will push higher no doubt..
AUDUSD DAILYWatch for breakout & retest of broken support turning resistance to add short positions..
AUDNZD DAILYPrice back at the top of wedge near strong resistance. Watching price action to go short, AUD news coming out very shortly as well..
AUD/USD Long on Daily ChartsWaiting for Australia CPI to produce a good print and to bring more Aussie positive sentiment. Trade with 1:1 reward to risk.
EURAUD DailyShort after break of uptrend line & retest of broken support turning resistance. Flag pattern presenting itself & price being squeezed it will have to breakout higher or lower very soon..
AUD/USD Monthly Analysis The AUD/USD Monthly chart is something I have been watching for a little while.
I have been very bearish with many of the Aussie pairs on both a fundamental and technical level for some time, so it is no surprise that the AUD/USD has taken a skydive since July 2014.
Although I don't trade the monthly chart I am cognizant of the approach and then the break and close below the bullish trend line.
As price has now broke and closed below .7532 I am looking at the first support level between .6982 and .6772.
If price can respect this support level I will then be looking to narrow down an entry point on the lower time frames.
I will be looking to update this post in the coming weeks as price enters this first key support area.
Have a good week in the markets.
www.UKForexSignals.com
AUDUSD DAILYWaiting to see if we can get a potential completion of head on shoulders pattern for a strong bearish move ...
AudUsd - ABC CorrectionDespite the potential for further advances in the USD Index next week we start the week with AudUsd forming a large ABC corrective pattern and sitting above key support at 0.78099. As long as this key level of support holds we will be looking for Bullish formations and patterns to initiate longs up towards the target and range top at 0.78728.
