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Australiandollar

AUDUSD, To Complete Broadening-Wedge And Point Target!Hello, Welcome to this analysis about AUDUSD and the 4-hour timeframe perspectives. When looking at my chart we can watch there how AUDUSD is building this huge broadening-wedge-formation in the structure marked with the blue boundaries. Besides that AUDUSD has begun with this major wave-count to the upside and the wave-A already established. The wave-B is now consisting of the broadening-wedge-formation and also a coherent local wave-count within this formation which already completed from A to C. Now AUDUSD is building up above the 100-EMA in red and the 200-EMA in cyan, above these levels AUDUSD is forming this confirmational-flag-formation. Once this formation completed with a breakout to the upside and AUDUSD continues to breakout above the upper-boundary of the broadening-wedge-formation this will complete the whole formation and AUDUSD will continue with this dynamic to reach out the target-zone marked in my chart, after that the situation needs to be assessed anew, it will be an important development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
2
AUDUSD Bullish Divergence on RSI hints to a rise.The AUDUSD pair delivered us an excellent sell signal on Aug 02 (see chart below), hitting our 0.6400 target: The price has now been consolidating at the bottom of the 7-month Channel Down on Lower Lows and with the 1D RSI on Higher Lows at the same time, we have a strong Bullish Divergence at hand. The Lower Highs leg that bottomed on March 08, reached the 0.382 Fibonacci retracement level and the 1D MA50 (blue trend-line). As a result we are bullish, targeting 0.65600. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
AUDUSD: Top-Down Analysis & Trading Plan 🇦🇺🇺🇸 AUDUSD is currently consolidating within a wide horizontal range on a daily. The price is approaching a support of the range at the moment. I spotted one more range on a 4H time frame. A breakout of its resistance can be a good confirmation to buy the pair. 4H candle close above 0.6405 will confirm the violation. A bullish move will be anticipated to 0.6437 / 0.646 levels then. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
8
AUDUSD: Potential Scenarios Explained 🇦🇺🇺🇸 AUDUSD is currently consolidating. Here are bullish and bearish scenarios for the pair. Bearish Scenario The market is currently stuck within a horizontal range on a 4H. A breakout of its lower boundary - 4h candle close below 0.644 will most likely push the prices lower to 0.64 level. Bullish Scenario Above current price levels, we have a solid horizontal supply zone on a daily. If the price breaks and closes above 0.654, we will expect a bullish continuation to 0.658. Because the global trend is bearish, probabilities are higher that the market will keep falling. However, wait for a breakout first. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
4
AUDCHF Buy signal within the Channel Down.The AUDCHF pair has been trading within a Channel Down pattern since the January 27 2023 High. The price is currently on a 2-week rise and following the completion of a 1D MACD Bullish Cross, it can extend to at least the 0.382 Fibonacci level based on the previous two Lower Lows of the Channel Down. As a result, we are targeting 0.58200, which would also make a technical contact with the 1D MA100 (green trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
8
EURAUD Sell signal confirmed.The EURAUD pair is trading within a Channel Up pattern since mid-September 2022 and appears to have priced the new Higher High as the 1D RSI replicated the top pattern of the previous Higher Highs. We are still early in the technical pull-back that should be priced below the 1D MA100 (green trend-line) at a minimum of -4.55% from the High. As a result our target is 1.6300. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
GBPAUD Buy opportunity emergingThe GBPAUD pair hit our previous Buy Target as presented (see chart below) last month: The price has now been pulling back within the 7-month Channel Up in search of the next Higher Low. This should be formed at least on the 1D MA50 (blue trend-line) as it did twice before. As a result, we will wait for that buy opportunity and target 2.01500 (1.236 Fibonacci extension). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6
AUDNZD The closing of the 1D candle is important.The AUDNZD pair is testing the top (dotted trend-line) of the Triangle pattern that started on the July 24 High that was a rejection on the 1.093250 Symmetrical Resistance. Friday's candle broke but closed below it. If any manages to close above it, we will buy and target 1.09350 on a potential emergence of a Channel Up. If on the contrary its rejected, we will be bearish, targeting the Triangle's bottom at 1.07600. A 1D candle closing above the Symmetrical Resistance or below Support 1 (1.073350) will be a bullish and bearish break-out targeting 1.010530 (Resistance 1) and 1.063250 (Higher Lows) respectively. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
AUDUSD will go UP by Double Bottom Pattern🚀AUDUSD was able to break the 🔴 resistance zone($0.64620-$0.64530) 🔴. Now, we are watching the pull back to the resistance zone . Also, we can find the Double Bottom Pattern(Standard) . 🔔I expect AUDUSD will go UP at least to the upper line of the Ascending Channel and next 🔴 resistance zone($0.65030-$0.64920) 🔴. 🔅Australian Dollar/U.S.Dollar Analyze ( AUDUSD ) 1-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
12
GBPAUD: Top-Down Analysis & Bullish Setup 🇬🇧🇦🇺 GBPAUD is trading in a long - term bullish trend. After the price set a new high, it started a correctional movement. Bears are currently approaching a 4H intraday support. The price action on an hourly time frame looks very bullish to me. The price formed a double bottom pattern there and broke its neckline. I expect a bullish continuation to 1.4746 / 1.9805 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
4
AUDCAD Lower High rebound expected within the Channel UpThe AUDCAD pair followed our prediction on the last analysis we made a month ago (see chart below) and hit two targets on the way to the bottom of the long-term Channel Down: The price is now on the 2nd straight green 1D candle after a flat Friday, which was most likely the bottom reversal of the Channel Down. As the 1D RSI hit the bottom of its Rectangle pattern as well, we treat this as a strong buy opportunity on the medium-term, targeting not just the 1D MA50 (blue trend-line) but also the Internal Lower Highs trend-line. Our target is 0.89000, but will book the profit earlier if the 1D RSI approaches the top of its Rectangle before that price target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
AUDJPY Sell opportunity within the Channel Down.The AUDJPY pair is on the 3rd day after a Double Top rejection on the 1D MA50 (blue trend-line). That was a Lower High at the top of 2-month Channel Down. This is a sell opportunity, as long as the price is closing 1D candles below the 1D MA50. Our target is a -3.68% decline (as the previous legs) at 91.450. You can more safely settle for the 1D MA200 (orange trend-line) which supported the price on July 28 and caused a strong rebound. That is also exactly on the 0.5 Fibonacci retracement level. The only indicator in favor of a break-out above the 1D MA50 is the Bullish Cross on the 1D MACD. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot