Welcome. Hello everone here. I want today tell you guys. I change my nickname 'username' on Tradingview. Tradingview thanks for that opportunity you made. Let's go to trend. Australian dollar this is period when it's ready check bellow zone. (Sell zone wit red mark). Trend this pair looks like it's still growing pair. but If we check the big time period, there...
I believe that the 200 EMA can act as a strong support because we see a lot of rejection from the downside and the bulls might win this battle for now - On MACD indicator we can expect a crossover to the upside in about 8 hours - The RSI is making higher lows and that IMO is a strength sign. This is a possible scenario, wait for confirmation before entering a position.
Qantas ASX:QAN is running out of room in what seems like a descending triangle. If there's no break to the upside, expect more downward pressure to $4.22 in the coming months - long term outlook. Due to the uncertainty of the market - trade wars and oil prices - a breakout in the coming weeks should also be taken with a pinch of salt as it might be a bull trap...
Keeping an eye on A2 Milk as a possible head and shoulder's pattern is emerging. Definitely not confirmed but a good one to add to the watch-list that's for sure.
Daily Chart Explanation: - Price is against the Weekly Ascending Trendline. - Price is on a Micro Ascending Trendline. - Bearish Divergence on MACD. - If price breaks the Ascending Channel at 6740, potential to move down towards the Support Zone at 6400 and, then, to the Bottom of the Ascending Trendline at 5620. Our Weekly View support this idea. Check it...
After formation of CRAB pattern the priceline of AUDCAD has formed cypher pattern on 12hr chart. Now the price action has entered in potential reversal zone and from here it will hit the sell targets soon insha Allah. The targets are: Buy between: 0.91372 to 0.91090 Sell between: 0.91594 to 0.92128 Regards, Atif Akbar (moon333)
AUD/USD H4 chart possible head and shoulder chart pattern.
AUDNZD price come close to a support level. I think if it reach the support zone, it will turn around.
Aussie makes a very nice classic move - after breakdown it made a pullback (retest) and now it could drop again to complete the entire correction and hit either 61.8% (.6956) or 78.6% (.6863) Fibonacci retracement levels. That's why AUDNZD is in the red (see related)
AUDCHF will target 0.6900 if the price break the neckline of the potential head and shoulders pattern.
I'm in, short on the XAT, following initially a 30-min microtrend which is coincident with a potential turning point on the Weekly time frame. In effect this could be a microtrend nested in a macrotrend at this point in time.
After a long accumulation range which start in 2016, the Aussie moved higher until February 2018, then selling off into the buy zone at the end of 2018. A nice large pin-bar on new years eve saw stops being run out , since then we have seen 2 buy pivots. Should see the Aussie trend higher, breaking the 2018 high, as the gold price moves in a strong up trend. An...
FXA (Australian Dollar Index) appears undervalued and due for a rise towards $75. A pair idea is AUDUSD buy.