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Australiandollar

AUDUSD: Approaching the Channel Down bottom.AUDUSD is on a strong 2 day sell streak below both the 1D MA50 and 1D MA200 but is approaching the bottom/ LL trendline of the six month Channel Down. The 1D time frame is technically bearish (RSI = 36.760, MACD = -0.003, ADX = 28.005) and the closer the 1D RSi gets to being oversold (30.000) the stronger the buy signal on the long term becomes. As long as the 1D candles close inside the Channel Down, we are buying this weakness, targeting R1 initially (TP1 = 0.6800) and if we get a closing over it as well, then re-buy and target the top of the Channel Down (TP2 = 0.7000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
3
AUDUSD Weekly Forecast | 22nd May 2023Fundamental Backdrop The Wage Price Index q/q maintained at 0.8% which shows that the economy has not improved. Employment Change suffered significantly, dropping from 61.1k to -4.3k, which shows that consumer spending has been greatly reduced. Unemployment Rate also increased from 3.5% to 3.7%, showing that overall economic health has detoriated. Technical Confluences Near-term resistance at 0.66940 Near-term support at 0.66360 Major support at 0.65950 Idea This week with no major news events for AUD, we could see price continue bearish towards the major support at 0.65950. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
AUD USD - FUNDAMENTAL ANALYSISAustralia: Jobs, wage data and RBA minutes on tap Australia’s labor market data is out on Thursday and expected to show the addition of 25k jobs in April after 53k jobs added in March, with the unemployment and participation rates seen steady at 3.5% and 66.7% respectively. Just a day ahead of this release, we also get the Q1 wage price index which could be a key focus as RBA Governor Lowe emphasised the importance of the “evolution of labor costs” to justify the recent increase in the cash rate. A big upside surprise in wage and labor data could continue to suggest a tight job market in Australia, and bring back “sticky” inflation concerns which could be a tricky situation for the RBA and potentially mean more downside for the AUDUSD which has broken below the 50DMA. RBA minutes from the May meeting are also out on Tuesday.
Long
by thunderpips
1
AUD USD - FUNDAMENTAL ANALYSISAustralia: Jobs, wage data and RBA minutes on tap Australia’s labor market data is out on Thursday and expected to show the addition of 25k jobs in April after 53k jobs added in March, with the unemployment and participation rates seen steady at 3.5% and 66.7% respectively. Just a day ahead of this release, we also get the Q1 wage price index which could be a key focus as RBA Governor Lowe emphasised the importance of the “evolution of labor costs” to justify the recent increase in the cash rate. A big upside surprise in wage and labor data could continue to suggest a tight job market in Australia, and bring back “sticky” inflation concerns which could be a tricky situation for the RBA and potentially mean more downside for the AUDUSD. RBA minutes from the May meeting are also out on Tuesday.
Long
by thunderpips
EURAUD: May take a month to establish a Support. Accumulation.The EURAUD pair is on a strong green 1D candle today, turning 1D technicals neutral again (RSI = 48.319, MACD = 0.001, ADX = 27.956) after the 1D RSI rebounded from a 42.000 three month low yesterday. It did so after crossing under the 1D MA50 for the first time in 2.5 months. As long as S1 holds, we see a lengthy (even 1 month) support formation, inside a long term Channel Up, a formation similar to January/ February. Our long term target is the 1.236 Fibonacci (TP = 1.69500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
AUDCHF Short-term Buy SignalThe AUDCHF pair reached the bottom (Lower Lows trend-line) of the 2-year Channel Down pattern and rebounded, testing now the 1D MA50 (blue trend-line). Then that 1D MA50 test took place after the RSI on the 1W time-frame rebounded on its Support Zone, all three times the price hit the 1D MA200 (orange trend-line). This can happen a little quicker at 0.62000 or slower at 0.61500. Choose the appropriate target depending on the course of the price action. ------------------------------------------------------------------------------- ** 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
2
EURAUD Sell signal, short-term at leastThe EURAUD pair gave us last time (January 17) an excellent buy signal on the 1D MA200 (orange trend-line): Right now the pair is testing its 1D MA50 (blue trend-line) following a Higher High rejection within the recent Channel Up. Technically that is a short-term sell signal and we will follow it, targeting the bottom of the Channel Up at 1.60500. With the 1W RSI getting rejected after hitting the 70.00 overbought level, it is equally probable to see an extended selling, if the price closes a 1D candle below the Channel Up. In that case we will target the 1D MA200 around 1.58500. Until the break-out happens though, we will be on a tight SL buy at the bottom of the Channel Up, targeting Resistance 1 at 1.68000. ------------------------------------------------------------------------------- ** 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
AUDNZD: Sell signal confirmed.The AUDNZD pair got rejected on the 1D MA50 turning the 1D technicals bearish (RSI = 42.793, MACD = -0.002, ADX = 30.864) for the first time in a month. The price got also rejected on the 1D MA200 and the LH trendline on April 21st, which started the current bearish leg. This may give a rise to a Channel Down. We are short, targeting the HL trendline (TP = 1.05300) and is the price closes under the S1, we expect a bearish extension to S2. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
GBPAUD Channel Up calling for a buy but short if it breaks lowerThe GBPAUD pair is trading within a Channel Up pattern since the February 02 Low. With the 1D MA50 (blue trend-line) supporting, it is attempting to fill the Gap form January 28 2022 and test that Resistance. As long as its holds we will be bullish targeting 1.92300. A closing below the 1D MA50 will be a sell signal, targeting the 1D MA200 (orange trend-line) on a projected contact target at 1.80000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
AUDCHF growth after completion of pullback(Short term)🚀!!!AUDCHF managed to break the downward trendline and 🔴resistance zone🔴. Currently, it seems that AUDCHF has succeeded in completing a pullback; the sign of the completion of the pullback of the Hammer Candlestick pattern is near the resistance zone in the 15-minute and even one-hour time frames . I expect AUDCHF to go up to at least the 🎯target🎯 I have marked on the chart. 🔅Australian Dollar/ Swiss Franc ( AUDCHF ) 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 just 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
10
AUDNZD Triangle close to breaking outThe AUDNZD pair has hit our previous target (see chart below) and is currently on a Triangle pattern: The break-out of this pattern will dictate the next trend. Right now the price is below the 1D MA50 (blue trend-line) so currently we have to give a slight edge to the bearish break-out. In that case, our target will be 1.04700 (December 16 2022 Low). If the price closes above the Triangle (Lower Highs trend-line), we will buy the break-out, target 1.10000 (bottom of Pivot Zone) and then short from the top for the long-term. P.S. The RSI's Rectangle can be of additional help for buying and selling. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1