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..
Aussiedollar
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!
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! : )
AUDUSD Short .79119Most Pairs againts the dollar seems to continue moving downward as dollar is getting its momentum to the upside. Reason for shorting this is already at the chart.
Short around .79119
SL: .80031
TP1: .78040
TP2: .77015
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*Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies and crypto currencies can be risky and potentially profitable opportunity for investors. However, before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
AUDCAD Trend line bounceAfter an extended down trend on the daily that was kicked off by a huge Bearish engulfing pattern back in June. This pair shows no sign of slowing down, forming lower highs and lower lows for the past few months. More recently price found resistance on 20/9 at the .99000 psychological level and formed another huge bearish engulfing pattern. Which is more confirmation of the continued down trend.
Drilling down on to the 60. The Aussie tried to push through the .98000 psychological level before finding resistance at .98034 which in turn gave us the third peak we need for a confirmed down trend line and another Bearish Engulfing signal.
Although price may encounter slight resistance at the recent low of .97514 Price should move steadily down towards the .97300 .97200 area before finding support. If price through this will present another great opportunity to go short again.
AUDUSD buy .79573Looking to buy AUDUSD now. Bullish flag is about to be broken and has formed already. Taking my bet on this pair.
Buy at : .79573
SL: .79061
TP: .80303
*Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies and crypto currencies can be risky and potentially profitable opportunity for investors. However, before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
AUDUSD DAILYPrice broke out of weekly wedge, but never came back to retest. After a rejection to 0.81000 once again, this indicates price is failing to push higher. I believe price will push back down to broken wedge & retest before pushing back up again. Will be watching price action on the lower time frames