Aussiedollar
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
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!
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!! :)