AUDUSD Approaching a Resistance Cluster ahead of 1D Golden CrossThe AUDUSD pair is about to form a Golden Cross on the 1D time-frame (MA50 blue trend-line crossing above the MA200 orange trend-line), but is approaching the strongest long-term Resistance cluster. That consists of the 0.71400 August 11 2022 High and the 1W MA100 (red trend-line).
Being also near the top (Higher Highs trend-line) of the mid-October Channel Up, with the 1W RSI also near its March 2022 Resistance, it is more likely to see a pull-back towards the 1D MA50/200 and the bottom of the Channel Up, which will be the new long-term buy opportunity, targeting the 0.72685 - 0.72845 Resistance Zone. Any break above that Zone without pulling back, will be a buy break-out signal, targeting the 0.76650 April 05 High.
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Australiandollar
AUDJPY: One More Bearish Setup 🇦🇺🇯🇵
AUDJPY reached a key daily resistance yesterday.
The price formed a descending triangle formation on 1H time frame approaching that.
Its neckline was broken then.
I think that the pair will drop lower soon.
Goals: 91.06 / 90.7
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AUD/USD enters bullish trend before CPI release The Price Filter Indicator suggests that the AUD/USD has entered a bullish trend. The indicator has moved above the 0-line and turned green, which is a bullish signal with this indicator. This is the first time the indicator has entered green territory since April last year. The green surface area indicates that the trend reversal to the upside has momentum and could continue moving upwards.
This idea of a possible uptrend reversal is supported by the price hovering above the 200 EMA on the daily chart. This breakout above the 200 EMA period happened during the first week of 2023, signaling that this might be a good sign for the pair in terms of buying position.
With a current bullish bias, if AUD/USD closes above 0.69870, we might anticipate the price reaching 0.70600, filling out a previous wick's rejection. If the price has enough momentum in the upcoming days, we could expect the price to not only fill the wick to the left-hand side but also continue moving towards the 0.71200 area, which is the next possible resistance.
On the other hand, if the pair fails to break and close above 0.69870 convincingly, the price may bounce around 0.7000 psychological resistance and the 0.68850 support level until major fundamental news appears to dictate which way AUD/USD heads in the following days.
One such fundamental event will be the Q4 2022 Australian Inflation data due tomorrow (25/01/2023). The annual inflation rate jumped to 7.3% in Q3 of 2022 from 6.1% in Q2, beating expectations of 7.0%. Consensus forecasts for Q4 are for a modest rise to 7.4% or 7.5%, although some analysts are forecasting inflation to be 7.7% and above, pointing to recent data from UBS that showed supermarket prices rose an average 9.2% YoY in October-December 2022 up from the +8.2% recorded in the previous three months.
AUDUSD Top-Down Analysis! (SHORT BIAS) Hello everyone!
Hope you are all doing well!
AU analysed for you! :)
This pair looked very confusing recently to some people in a couple of servers/group chats i am apart of on Social Media! So, i thought of analysing it after one of my Tel channel members suggested me to..
AU is still very bullish, however, LTF and HTF is looking interesting for sells! I will be monitoring 4H and Daily TF for sells myself!
Sit back and enjoy! Any questions? Just ask down below, or DM me!
Take care! :)
EURAUD: Classic Bullish Setup Explained 🇪🇺🇦🇺
I spotted 2 important breakouts on EURAUD:
firstly, the price has broken and closed above a resistance line of a falling wedge pattern
and then a horizontal neckline of a triple bottom formation has been broken as well.
I believe that the market will bounce soon.
Goals: 1.578 / 1.5915
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EURAUD: Bullish Continuation Ahead! Your Plan: 🇪🇺🇦🇺
I spotted 2 important breakouts on EURAUD on a daily chart:
first, the price broke and closed above a neckline of a triple bottom formation,
then, the market violated a resistance line of a falling wedge pattern.
We see the retest of broken structures now.
I expect a bullish wave next week.
Goals: 1.578 / 1.5915
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💵Australian Dollar/Japanese Yen💵Analyze (01/19/2023)!!!The Australian Dollar/Japanese Yen is enclosed between two zones of resistance and support and the line of the downtrend and uptrend lines.
The Australian Dollar/Japanese Yen has reacted well every time it hits the downtrend and uptrend lines in the support and resistance zones.
This time, the Australian Dollar/Japanese Yen was able to make a 🌅Morning Star Candlestick Pattern🌅 on the uptrend line too, and I expect the Australian Dollar/Japanese Yen to rise to the resistance zone again.
We can also see Regular Divergence(RD+) between the price and RSI indicator.
🔅Australian Dollar/Japanese Yen Analyze ( AUDJPY ) Daily Timeframe⏰.
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Bears will eat it!are you agree?!
Daily Pivots: (S1) 1.5372;
(P) 1.5498;
(R1) 1.5567;
No change in EUR/AUD's outlook and intraday bias remains neutral. Another fall cannot be ruled out, but strong support could be seen from 38.2% retracement of 1.4281 to 1.5976 at 1.5329 to complete the correction from 1.5976.
💵Euro/Australian Dollar💵Analyze (01/13/2023)!!!Euro/Australian Dollar was able to make a rectangle pattern near the resistance zone.
Since the Euro/Australian Dollar failed to test the top of the channel, I expect the Euro/Australian Dollar to go down to the support zone again.
🔅Euro/Australian Dollar Analyze ( EURAUD ) Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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🦘 AUD/USD Australian Dollar Withstands Pressure 🦘🦘 AUD/USD Australian Dollar Withstands Pressure
🦘 Nearest strong support zone: around the 0.236 level of the upward wave.
🦘 Nearest strong resistance zone: around recent highs.
🦘 Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
🦘 Price action: AUD/USD Holding up great, we are climbing higher week by week, the price formation also supports the pro rising scenario, yesterday's shooting star was negated today. I'm curious to see if we can break through the recent local peaks in the next few days, so far everything points to it. I encourage you to keep an eye on this pair.
🦘 The scenario I'm playing out is to wait for the breakout of new peaks and, after a test of new support, continue the upward movement. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🦘 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
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AUDUSD: Important Breakout 🇦🇺🇺🇸
Update for AUDUSD.
The price has successfully broken and closed below a support line of a rising wedge pattern on 4H.
Now, the pair attempts to retest that.
Probabilities are high that the market will drop soon.
Goals: 0.6923 / 0.6888
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EURAUD Bullish long-term. Bearish below 1D MA200.The EURUAD pair made a big bullish break-out in late December as it broke above the Bearish Megaphone structure that it has bene trading in since late 2020. The past 3 weeks however have been marked by a retrace, even below the 1D MA50 (blue trend-line) which was the Support before.
Potentially a new Channel Up may be dictating the new bullish trend and that was the formation of the new Higher Lows, so as long as it holds, we are bullish targeting 1.6000 and then 1.62350 (bottom of the long-term Resistance Zone).
We will open long-term sells only if the price breaks below the 1D MA200 (orange trend-line). In that case, 1.4800 will be the first target.
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GBPAUD The key is the 1D MA50The GBPAUD pair is consolidating around the 1D MA200 (orange trend-line) after almost a 1 month non-stop fall (since December 21). The next Support level is at 1.73500 and if broken we will extend selling towards the 0.786 Fibonacci level at 1.6878. Then reverse to long-term buying targeting 1.8600 (below the -0.236 Fib and the Higher Highs trend-line).
If however the price breaks above the 1D MA50 (blue trend-line) first, we will abandon selling and take the buy break-out instead, having the same 1.8600 target.
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AUDUSD: Technical Outlook & Trading Plan 🇦🇺🇺🇸
AUDUSD is approaching a key daily structure resistance.
To catch a pullback from that, watch a 4H time frame.
I spotted a rising wedge pattern there.
Wait for a bearish breakout of its support (4h candle close below).
It will most likely initiate a correctional movement.
Goals will be 0.6925 / 0.6888
Alternatively, a bullish breakout of the underlined blue zone will push the market higher.
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AUDNZD Sell below the 1D MA200, buy above it.We will keep following a successful for us pattern on the AUDNZD pair, which two months ago helped us take a huge sell:
As you see on the chart above, as the price was failing to break the 1D MA50 (blue trend-line), it got strongly sold just below 1.05000. The past 3 weeks, the pair has been rallying back above the 1D MA50 and is approaching the 1D MA200 (orange trend-line).
Using the old 2021 fractal, we expect a pull-back to at least 1.06270 as long as the price fails on the 0.5 Fibonacci and 1D MA200 Resistance Zone. A closing above it though, would be a long-term buy, in which case a Bullish Cross on the 1W time-frame would confirm.
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AUDNZD: Bullish Outlook 🇦🇺🇳🇿
AUDNZD was testing 1.085 - 1.088 resistance since the beginning of January.
The price set multiple equal highs on that.
Yesterday, the market finally managed to violate the underlined area.
It will most likely push the market to new highs.
The next goal for buyers 1.099
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🦘 AUD/USD Marking Up Price Before Falling 🦘🦘 AUD/USD Marking Up Price Before Falling.
🦘 Nearest strong support zone: around the 0.382 level of the entire upward wave.
🦘 Nearest strong resistance zone: around the recent highs.
🦘 Technical environment:
- Moving averages: Uptrened
- MACD: Downtrend (Divergence)
- RSI: Downtrend (Divergence)
- Supertrend: Uptrend
🦘 Price action: the AUD/USD today pushed price near the 0.7 level on the back of the US CPI inflation data, which was exactly what the market is expecting (6.5%). We are currently in a resistance zone from which I expect a downward reaction. Looking at the candlestick formations, it does not look to me like a strong trend continuation.
🦘 The scenario I'm playing is to wait for the start of a decline to join in. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
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AUDCHF: Morning Scalping 🇦🇺🇨🇭
This morning, I opened a short trade on AUDCHF.
Reason: the price reached a key daily resistance and broke a support line of a rising channel on 1H.
Trade is opened on a retest.
Goals: 0.642 / 0.64
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
🥇 AUD/USD End of The Uptrend? 🥇🥇 AUD/USD End of The Uptrend?
🥇 Nearest strong support zone: around the 0.382 level of the entire upward wave.
🥇 Nearest strong resistance zone: around recent highs.
🥇 Technical environment:
- Moving averages: Uptrened
- MACD: Downtrend (Divergence)
- RSI: Downtrend (Divergence)
- Supertrend: Uptrend
🥇 Price action: AUD/USD is clearly struggling to rise, this could be seen from the perspective of the last two weeks, in which the price repeatedly attempted to rise but was just as quickly knocked down. I don't think we will find in the current price situation an opportunity to break out new highs, a downward correction seems more likely at the current moment.
🥇 The scenario I play out is the start of a downward correction to the vicinity of support zones. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
Tracking the China reopening basket: HSI, Copper, KRW and AUDSince early November, when China initially hinted at lifting statewide Covid restrictions, a basket tracking assets linked to the Chinese reopening story has surged by 22%.
In the last 11 weeks, the China reopening basket, which is equally weighted with copper , Korean won , Australian dollar , and the Hang Seng index , has outperformed a global stock market (MSCI ACWI index) benchmark considerably.
The China reopening portfolio has gained 22.3% versus a 6.8% gain of the MSCI All-Country World index since November 1st. Because the total volatility of the China reopening basket has been lower (19.2% compared to 21.8%), the Sharpe ratio has been even more positively skewed (9.61 vs 1.89).
The Hang Seng index, which has climbed by 45% since November, has been the portfolio's best contributor with a weighted return of 11%, followed by copper with a weighted return of 5.3%.
💵Australian Dollar/Swiss Franc💵 Analyze(Short term,01/11/2023)Since the Regular Divergence (RD-) was seen in the Australian Dollar/Swiss Franc, it lost its uptrend line and completed the pullback to this line.
I expect the Australian Dollar/Swiss Franc to decline at least to the support zone.
🔅Australian Dollar/ Swiss Franc ( AUDCHF ) Timeframe 1H⏰.
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.
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💵Australian Dollar/New Zealand Dollar 💵Analyze (01/10/2023)!!!Australian Dollar/New Zealand Dollar was able to break the support zone, and we are watching a pullback to this zone.
I expect Australian Dollar/New Zealand Dollar will go down at least to the next support zone.
🔅Australian Dollar/New Zealand Dollar ( AUDNZD ) Timeframe 1H⏰.
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.