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Australiandollar

AUDUSD Buy confirmed if the 1D MA50 breaks.The AUDUSD pair has been trading within a Channel Down pattern since February 02. Yesterday it hit again Support 1 (0.62885) for the 3rd time in October and held it. The first hit was also on the Diverging Lower Lows trend-line of the Channel Down and even though there is still room before it hits the hard bottom of the pattern, the Bullish Divergence (Higher Lows) on the 1D RSI in the past 2 months, indicates that this is already a strong buying candidate. If a 1D candle closes above the 1D MA50 (blue trend-line), something we haven't seen since July 31 2023, buying will be confirmed. Our target it at least the 0.5 Fibonacci retracement level at 0.66000. The June 16 rebound even hit the 0.618 Fibonacci retracement level, which currently is above the 1D MA200 (orange trend-line), a key long-term Resistance. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
AUDJPY Solid short signal.AUDJPY is on a 1-2-3 pattern like the one in July, currently on the 3rd led down. This is basically resembling Descending Triangle pattern. One last bearish leg to give before it breaks upwards. Trading Plan: 1. Sell on the current market price. Targets: 1. 94.000 (Support A). Tips: 1. The RSI (1d) patterns between the two sequences are also similar both inside Channel Down formations. This also points to a bearish leg next. Please like, follow and comment!!
Short
by TradingBrokersView
AUDUSD will go Up soon(⏰(4-Hour)⏰🏃‍♂️ AUDUSD is running in 🟡 Price Reversal Zones(PRZ) 🟡 and near the Important Support line and Support line . 💡Also, we can see Regular Divergence(RD+) between two Consecutive valleys . 🔔I expect AUDUSD will go UP at least to the Resistance line(2) . Australian Dollar/U.S.Dollar Analyze ( AUDUSD ) 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
45
AUDCAD: Time to Short 🇦🇺🇨🇦 Here is a classic example of a top-down confirmation setup: after a breakout of a key support on a daily, AUDCAD retested that. The price was steadily growing within a bearish flag formation. The text of structure triggered a strong bearish reaction and the price violated a support of the flag. It confirms the strength of the sellers and a highly probable bearish continuation. Goals: 0.859 / 0.8576 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
10
AUDCHF: Reversing near the top of the Channel Down.AUDCHF may have crossed over the 1W MA100 but eventually failed, also on the 0.5 Fibonacci level, and appears to be reversing. The technical outlook on the 1D time-frame is neutral (RSI = 55.574, MACD = 0.003, ADX = 42.778), so it is a valid sell entry. On top of that, every LH inside this 15 month Channel Down (exception Jan 23rd 2023) has been around the 0.5 Fibonacci level. All this while the 1D MACD is close to a Bearish Cross formation. Sell and target the bottom of the Channel Down over the -0.382 Fib (TP = 0.54500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope