$AUDUSD SwingA clean break and retest of the TL after market struggled to hold above the .8000 quarter point could see the market move back towards the .7800 lvl
Aussiedollar
EURAUD 60Forgot to post last night, but price bounced off resistance & the top off trend line, now approaching target. Scalp method I've been practicing :) Trying to make it as accurate as possible before posting to the public..
AUDCAD 4HPrice is moving within Daily channel. Looks like we are under a fib level & supply zone, I am waiting for a break of counter uptrend line to go short. Trend line has been respected 4 times, & price is caught in a spot where it needs to breakout. Could happen during tomorrows morning's news for CAD. Will be watching price action, it could head back to the bottom of its daily channel :) !!
Trade with care!
$AUDNZD | Short TradeHello Traders,
This is coming out a little late, But I entered a short in the consolidation zone and have my eyes set on the targets defined in this chart.
GBPAUD 4HPrice made a higher low during (exhaustion period), now trying to break through a supply zone & visit a recent high first, then a new higher highs should be formed.. Price making higher highs & higher lows after breakout of its downtrend line last week. Keep in mind Aussie has a meeting shortly & they will be discussing interest rates. Negative outlook on that could send this pair flying higher. Lets see how it plays out!! :)
AUDUSD 4HSetup I had yesterday finally coming into play. Was waiting for a break & retest which we got, now I expect further upside to previous high (Resistance) 0.8100. Will be watching how this one plays out closely...
AUDNZD 4HWatching for retest after price broke out of its uptrend channel & hit the top of its strong daily trend line. Double top to resistance as well & I am expecting More downside to come..
Trade with care! :)
GBPAUD 4HBig Pound news coming shortly in the A.M. Aud news gave me the pullback I predicted back to the broken counter trend line. I am expecting a push even higher now! Setup working out good so far : )
Trade with care!
AUDUSD DailyBack to its uptrend line, news for AUD coming out shortly. Could be a potential long setup here & price is currently floating above 50 fibonacci level / support. Back to test 81.00 area resistance & possibly break? We will see.
:)
GBPAUD 4H Update :Clean break / retest on its downtrend line. Multiple rejections to support area & weekly trend line as well. Looks like a confirmed trend reversal, will wait for pound news early tomorrow morning to look for an entry. 1.6400 area is now its recent support.
:)
GBPAUD Daily Trend Reversal?? Price was making lower lows & lower highs, but after multiple rejections to supply zone (Blue Rectangle), we see price push back to the upside & breaking though its downtrend line. Will expect a break of 1.64 resistance level & retest to indicate if this may be a trend reversal or possible false breakout. Looks like a solid long term opportunity will watch price action heavily next week! If we see higher highs & lows form, I will be adding positions when the pullbacks on the way up are complete. :)
AUDUSD 60Retail sales news release for Aussie coming up very shortly, this will be a possibility if positive numbers. Watch for pullback to 61.8 level or break of recent high to go long. Watch for strong bullish price action, next upside target around 81.000 supply area
EURAUD 4HPrice made a false breakout once the market opened but came back into its channel. Price looks to be making a hammer candle rejecting supply zone. If price can manage to stay within its channel I will be looking to go long. Entry would be at the pink lines, and I have one set for both directions. We will see how the euro comes out this week & Aud news tomorrow.
Trade with care!
AUDJPY 4H Potential short setup as price is respecting its ascending channel. Price back below resistance level, now ready to make its move back to the bottom of its channel??
Trade with care : )
AUD AUD Longs looking good Solid rejection of 61.8 fib and failure to create a new low. I think with nfp tomorrow we may see AUDUSD create a new high
AUD/USD spikes to 0.7951Daily outlook - AUD/USD spikes to 0.7951
Fortunately for the Aussie, the poor US housing data that was released yesterday gave the currency pair a necessary impulse to break through the 200-hour SMA, the weekly PP at 0.7895 and even slightly overstep the weekly R1 at 0.7951.
But then the rate became overbought and, thus, started to decline.
In theory, today the Greenback has to try to restore some of the lost positions and slide to the 0.7852 level.
Nevertheless, the buck is expected to fail to climb below the combined support level, which is formed by the above weekly PP in conjunction with the 200-, 100- and 55-hour SMAs.
This scenario is supported by a summary of technical indicators, which also sends a strong buy signal for the 5H and 1D timeframes.
In the meantime, the market sentiment remains 62% bearish.
