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Australiandollar

AUDCAD: Sell at the top of the Channel Down.The AUDCAD pair is on the 1D MA50 for the third successive day, which is also the top of the Channel Down pattern. The 1D technicals have turned neutral (RSI = 52.833, MACD = -0.001, ADX = 23.757), indicating that this is technically a firm sell entry. We will use this opportunity to short and target the S3 (TP = 0.88650) as all the Higher Lows of the uptrend have been filled by this Channel Down. On the contrary, if the price crosses over the R1, we will go long and target the R2 (TP = 0.92400). 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
AUDCAD is growing again with the Double Bottom Pattern🚀By forming the Double Bottom pattern , we can confirm the end of wave C. I expect AUDCAD to grow to at least the resistance line after breaking the neckline of the Double Bottom pattern. (I have specified AUDCAD growth 🎯 targets 🎯 in the chart for you). 💡Also, I shared with you the position with RR= 2.68 , but be sure to follow your strategy and not forget capital management.💡 🔅Australian Dollar/Canadian Dollar Analyze ( AUDCAD ), Daily 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 gladly 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
14
AUDUSD, short squeeze (upside reversal) in order... coming soon.AUDUSD has been ranging horizontally at 61.8 FIB LEVEL on the daily data. This level has been a reliable major support so far. Accumulation / net buying has transpired already. Expect some major shift on trend soon (upside). Visual chart queues: The white stair line is about to touch the black "positive/plus sign" conveying a pending major trend shift to the upside. Spotted at 0.660 TAYOR. safeguard capital, always.
Long
by JSAL
2
AUD/USD -3/5/2023-• Despite the hawkish surprise by the RBA yesterday, raising interest rates unexpectedly we are experiencing a fading momentum of the bullish reaction • Reason behind this might be lack of conviction within the buyers • US Dollar strength is back in the markets amid renewed fears amid banking woes and recession adding to that pricing of a continued Federal Reserve tightening policy • Technically, picture doesn't seem really bright on the daily chart for the following reasons: 1- A potential head and shoulders pattern can be spotted and drawn on the chart 2 - 20 SMA is acting as a resistance with price unable to cross and close above it 3- The up trend support line which has been broken back in March has been re-tested from below several times with continuous rejection 4- Keep in mind that whether H&S pattern or any other, they have chance of failure and are subjective (other traders might see an inverse H&S on the same chart) 5- 0.6570 is the immediate strong support and longs can still be valid above that level with stops below it 6- After hitting a daily high of 0.67 following RBA surprise hike, we have seen some profit taking throughout the day and this might have happened due to the FED rate decision tomorrow and traders getting out of their positions while waiting for the outcome Traders, if you like this idea please comment and like ✅ Here to answer all your questions, Good luck
by RamziAbouAbdallah-CMT
AUDCAD Testing the top of the Channel Down. Sell.The AUDCAD pair hit today the 1D MA50 (blue trend-line) for the first time in more than two months (since February 22). By doing so, it has approached both the Channel's top (Lower Highs trend-line) and Resistance 1 (0.912750) of the April 03 High. With the 1W RSI still far from its Support/ Buy Zone, we treat today's rise as a sell opportunity and short towards the Channel's bottom (Lower Lows trend-line), targeting 0.8870 (November 21 2022 Low). ------------------------------------------------------------------------------- ** 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
Corrective Movement for AUDUSDThe AUDUSD pair has reached a support level, with a divergence appearing on momentum indicators. This could lead to a corrective movement, with a retest of the channel it escaped from, the 100 and 200 moving averages for the 4-hour timeframe, and the Fibonacci level of 38.20% around 0.66630. The price is then expected to drop towards 0.6550. Please share your thoughts in the comments and show your support by liking the idea. If you're interested in more ideas like this, please follow. Your support is appreciated!
Short
by Candlestick_OB
AUDJPY: Testing the 1D MA50, approximating the perfect shortAUDJPY continues to trade inside a Channel Down, testing today the 1D MA50 after a continuous 1 month counter trend rise. For the time being this is rise similar to the one that was completed on February 14th and made the latest Lower High on the Channe Down. The ideal short entry is between R1 and the 1D MA200. We set a long term target on AUDJPY on the bottom dotted trendline (TP = 85.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
AUDJPY Sell opportunity on a Double Channel Down pattern.The AUDJPY pair is trading inside Channel Down pattern since the September 13 2022 High that is diverging some (dotted lines) to the 1D MA200 (orange trend-line). At the moment the price is ranged within the 1D MA50 (blue trend-line) and 1W MA100 (red trend-line). Having previously broke below the 1W MA100, the current level is an ideal sell entry and with the 1D RSI showing similarities with with late 2022, we will target 83.450 as a Lower Low. ------------------------------------------------------------------------------- ** 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
AUD USD - FUNDAMENTAL DRIVERSThe Pound and Euro could reach fresh multi-month highs against the U.S. Dollar this spring, although a lull in price action over the northern hemisphere's summer months would then be expected. This is according to the analysis of W. Brad Bechtel, Global Head of FX at Jefferies LLC, which also warns of the potential for a more notable turn lower in the Dollar by year-end. Bechtel has been watching the Dollar index - a measure of overall USD performance against a basket of major currencies - and finds the rise witnessed over recent days can continue, even if it is somewhat unconvincing. "I am still of the view that we are likely to see some weakness in the USD in the medium term, but in the very short term DXY might get pulled just a bit higher first," says W. Brad Bechtel, Global Head of FX at Jefferies LLC. Bechtel is watching U.S. interest rate markets as an explainer of the Dollar's performance as inflation narratives become "a thing again" . "DXY made a double bottom around 100.80 for now but has not really participated in the rally as U.S. rates grind higher," says Bechtel. U.S. two-year bond yields have been rising since the week of March 20, a development that would typically be expected to offer the U.S. Dollar support. But, "in percentage retracement terms the USD is nowhere close to the 50% seen in the 2yr which tells me that there is some structural weakness in the USD out there still" . "If this move in U.S. yields fizzles and starts to reverse lower again, then the USD will take out 100.80 pretty quick and EUR/USD will rise through 1.1100," predicts Bechtel. The Dollar is expected to be the prime driver of where the Pound to Dollar exchange rate and other pairs trade over the coming weeks. "In the end, EUR/USD will trade to 1.1250, GBP/USD 1.2700, AUD/USD through 0.7000, maybe up to 0.7200 eventually," says the Jefferies analyst. The Dollar index is meanwhile expected to trade through 100.00 floor, but Jefferies' FX strategy team is not looking for "a huge break lower" . "A move through 100.00 and then some range-bound activity as we push through the Summer," says Bechtel. This suggests another leg higher in GBP/USD, EUR/USD, AUD/USD et al. is possible during spring, ahead of rangebound trade during the summer months (through to end-August). "By end of Summer, we'll have a better view on where things stand with the US economy. Will the US economy roll over hard or will the Fed pull the rabbit out of its hat and have a soft landing," says Bechtel. If the Dollar slides sharply into year-end and into next year "then we could enter a bigger down cycle in the USD, but I am reticent to make that call just yet," says Bechtel.
Long
by thunderpips
1
AUDUSD Head & Shoulders but don't sell until the Support breaksThe AUDUSD pair is forming a Head and Shoulders (H&S) pattern on the 1D time-frame, having also completed a Death Cross (1D MA50 crossing below the 1D MA200) three days ago. This is a technically bearish pattern. We will stay bullish however, targeting 0.71500 until Support 1 (0.65665) breaks. In that case we will target 0.64000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
AUDUSD: This Support is the pivot level we'll tradeAUDUSD is on neutral 1D technicals (RSI = 51.267, MACD = -0.001, ADX = 34.243) as it has been basically trading sideways for the past 30 days. The pattern looks a lot like the November/December 2022 Channel Up, which broke out to the R1. As long as the S1 holds, we will be buyers (TP = 0.71250). If the S1 breaks, we will take the loss and sell, targeting the S2 (TP = 0.62250). 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
6
AUDCHF: Your Trading Plan For Today 🇦🇺🇨🇭 AUDCHF is approaching a key horizontal resistance. The price formed a double top on that on 4H. 0.6026 - 0.603 is its neckline. To short with a confirmation, wait for a bearish breakout of a neckline. 4H candle close below will confirm a violation. Short aggressively or on a retest then. Goals will be 0.601 / 0.5995 If the price sets a new high, the setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
4
AUDCHF: Trade around this trendline.The AUDCHF pair is trading inside a nearly 1 year Channel Down, with the 1D technicals obviously bearish (RSI = 35.683, MACD = -0.006, ADX = 40.124). We will trade according to whether the LL trendline holds or breaks. If it breaks, we will sell and target the bottom of the Channel Down (TP = 0.58000). If it holds, we will buy and target the 1D MA200 (TP = 0.62000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope