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..
Aussiedollar
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.
AUDUSD Short Good area of previous resistance, we have had a 0.618 fib and a few failed attempts to break this level.
I'm aiming for the 0.7800 level
2:1 rr
EURAUD 4HPrice looks trapped in a triangle within its daily uptrend line & Daily resistance. I will watch to see if price can reach the red triangle to look for short positions, or wait till we get a break of that daily uptrend line for price to roll over to the downside. Overall looks very bearish this one will require some patience but is definitely on the watchlist.. :D
Trade with care!
AUDCADWatching this pair for AUD news in about a hour if we get week unemployment numbers I will look to take this setup as price is sitting above support waiting for a breakout. I will take Audusd long if good news out of the Aussie. This news event could bring a strong move to this pair
AUDUSD 4HWatching for a potential breakout of bull flag, ill be watching this & NZDUSD for a breakout. On the weekly trend still looks very bullish, so now I am waiting for a break & retest for more confirmation ...
Trade with care!
AUDCAD 4HWatch for breakout of downtrend line & retest. Price currently between support & resistance, & will need to breakout either way. If we break to the upside this pair will have some room to push up reaching its daily channel.
AUDCHF 4HPrice broke above resistance & is currently sitting above the 61.8 level. I believe more upside will come to this pair & weakness to CHF. "W" formation as well, for full target details ask for telegram I don't think ill be posting much on here from now on.. Well see
GBPAUD DAILYWatch for breakout & close below 1.6800 zone (H&S neckline). This pair rejected its weekly downtrend line that has held since 2015, I believe this pair has a lot of room to the downside. GBP news this week, I will look to go short during that time. Nice opportunity here for a long term short potential will be watching closely!
AUDUSD 4HOverall, we are still in a downtrend, making lower lows & lower highs.. It look as if price broke support & came back up to retest broken support making it now resistance, I am waiting on news tomorrow for US dollar for a reversal keeping the dollar bearish or giving it some strength. We are at key levels & will have to be patient until then..
AUD/USD Long Trade on Daily ChartThe swing trade on daily chart in AUD/USD was initiated after forming a bottom at a long term resistance zone which became a major support for the pair. Reward to Risk of this trade is 1.
AUDCAD 60Price is in a consolidation box between support and resistance. Waiting for a break above resistance & retest turning support to go long..
GBPAUD 4HPrice maxed out at weekly resistance / weekly trend line & failed to break though twice making a "Double top". My only focus for this pair would be short, it would take a lot of bullish movement to break higher so I will only look to trade this pair if GBP losses strength.
AUDUSD Price back now at strong weekly support, & rejected at the 38.2 fib level. Looks like price came back to retest broken resistance now turned support which a retest never occurred after price broke this key level in the past. I expect a rebound back to the upside, & AUD RBA rate statement tomorrow effecting interest rates could give the strength or weakness to bounce to the upside or break lower. We will see how that goes..
AUDJPY 4HPrice seems to have broke out of its weekly uptrend line during the close of the market. More downside potential to come, I will see how price comes out when the market opens if there will be a potential pullback or not. Price is currently above support, & more confirmation is needed, but overall it looks like more bearish direction is to come..
Trade with care!
AUDNZD DAILYPrice opened up above strong resistance level, now lets see if we can get a close above. We see downtrend has broke out and a retest occurred, now lets see if price can go to test its original weekly downtrend line & potentially breakout & retest breaking higher.. :)
EURAUD Monthly head on shoulders pattern, take it down to the weekly the downtrend line has been reached, & is rejecting at the 50 fib now consolidating waiting for a breakout. I believe from the looks of it that we will be have a potential reversal & be heading down to complete this possible H&S Pattern.. !
AudUsd - Resistance Confluence Provides Short OpportunityAfter a steep sell off last week we look for further declines next week with a test of the resistance confluence (horizontal resistance and trend line resistance) providing a great chance to look for shorting opportunities down towards the targets of 0.77122 and 0.76982 respectively.
AUDNZD 4HPrice broke out of its downtrend channel to the upside, now waiting for a retest of broken trend line & touch at the 38.2 fib (Where I will set my entry) to go long. Price currently testing a supply zone, hopefully we can get a push down about 30 pips to my entry & my stop would be under the 200 ema. If we do not get a retrace I will not take this trade..
Trade with care & precision! : )
