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Australiandollar

Leveraging the AUDUSD Strength Amidst USD WeaknessThere has been an opportunity that has emerged due to the recent fluctuations in currency values and the growing demand for copper exports to China. As you may be aware, the USD has been experiencing a period of weakness, while the AUD has shown signs of strength. This presents an advantageous situation, as we can leverage the stronger Australian dollar against the weaker US dollar. In light of this, I propose that we explore the possibility of exporting copper to China. With the AUDUSD exchange rate in our favor, we can maximize our profits by capitalizing on China's increasing demand for copper. China, being one of the largest consumers of copper worldwide, offers a lucrative market for our manufacturing. By exporting copper to China, there is a growing demand and take advantage of the current exchange rate of AUDUSD.
Long
by bryandowningqln
AUDCHF On the verge of a strong move.The AUDCHF pair has been trading within a Channel Down since February's High and currently sits just below its top (Lower Highs trend-line). Having formed a 1D MA50/ 100 Bullish Cross and tests the Lower Highs for the 3rd time in 2 months, it is highly likely to finally break the bearish trend upwards. We will only buy though above the 1D MA200 (orange trend-line) and aim towards Resistance 1 at 0.61500. Until this break-out, we will follow the long-term bearish Channel Down and short aiming at 0.53500 (-9.09% similar to the two previous bearish sequences). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EURAUD 🤖AI Landscape: Unveiling Potential Support & ResistanceEURAUD Landscape: Unveiling Potential Support and Resistance Greetings, Esteemed Investors and TradingView Community, A s we delve into the intricacies of the EURAUD chart, we uncover intriguing trends and patterns that may shape its future trajectory. Today, we'll explore the insights gleaned from Support Vector Machines (SVM), a powerful machine learning algorithm that can decipher support and resistance levels. S VM has identified the blue zone, a potential support area, anchored by significant daily closes on September 29th and November 3rd. This zone has been instrumental in buoying the EUR against the AUD, propelling its price upwards. W hile the EUR experienced a continuous rally until encountering the purple falling trendline last week, this formidable barrier forced it to retreat to the support level established on October 20th. However, the combined strength of the September 29th rally and the subsequent surge on November 3rd could potentially break through this resistance trendline. E xtrapolating from the EUR's performance last week, we anticipate a continued upward movement. However, a correction is not out of the question, and its timing could significantly impact future outcomes. I f the EUR successfully breaches the resistance trendline, any subsequent pullback will not negate the overall bullish trend, and we will consider adjusting our targets upwards. Conversely, a reversal from the current support level would cast doubt on the bullish trend, prompting us to reevaluate our strategy and consider local trends between September 29th and today. C onsolidations often precede bearish market reversals. In such a scenario, we would contemplate opening a short position. C urrently, our long position initiated within the support zone boasts an attractive risk-reward ratio of 11. Please remember that this is not investment advice, and we strongly encourage you to conduct thorough research and consult with financial professionals before making any trading decisions. With gratitude, Ely
Long
by Elysian_Mind
EURAUD Last chance to enter.If you missed our buy entry on the EURAUD pair (September 28, see chart below), don't be alarmed, the market is providing once last chance to enter: As we identified on that analysis, the most optimal buy entry was below the 1D MA100 (green trend-line), which is where all previous technical Higher Lows of the 1 year Channel Up were priced. That completed a -4.41% decline from the Higher High, similar to January 27. The minimum bullish sequence within this Channel Up has been +7.72%, but due to the presence of the Inner Higher Highs trend-line, we have to lower our long-term target from 1.7500 to 1.7350. As you can see, the price is now again marginally below the 1D MA100, giving one final opportunity for buyers to join. It is on the same symmetric 0.786 Fibonacci level, which when it broke during previous Higher High rallies, the pair went for a new peak. The bullish break-out signal can be given with a candle closing above the 1.6850 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
GBPAUD Sell gaining ground but needs the 1D MA200 to confirm.The GBPAUD pair broke below the long-term Channel Up that it has been trading in since the start of the year and a Channel Down emerged as last week we had a rejection on the 1D MA100 (green trend-line). That is the top (Lower Highs trend-line) of the Channel Down and the most optimal sell entry. However the 1D MA200 (orange trend-line) is still supporting, so we need a candle closing below it in order to confirm the sell (earlier confirmation would be the 2nd MACD Bearish Cross). In that case we will target the 1W MA100 (red trend-line) at 1.8300 (which will also by a symmetrical to the first bearish leg -5.75% drop). If however we close a 1D candle above the 1D MA100 first, we will take the loss and open a buy that will target Resistance 1 at 1.997800). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
AUDNZD Sell opportunityThe AUDNZD pair hit both our sell and buy Target since we last looked at it (see chart below) on September 26: The price is now both on the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) which move parallel and has started the new bearish wave (red arc) towards the Higher Lows trend-line of the long-term Triangle pattern. As you can see, this is the 4th rejection on the 1.093250 Symmetrical Resistance. The 1D MACD Bearish Cross simply confirmed the continuation. We are selling this and target 1.06500. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
AUDCAD Rejection on the 1D MA200. Sell.Our last signal on the AUDCAD pair (see chart below) was a dip buy within the width of the multi-month Channel Down: The Channel Up is adjusted as on Tuesday, the pair got rejected on the 1D MA200 (orange trend-line) forming the new Lower High. As the same time, the 1D RSI got rejected on its 5-month Resistance Zone and today the sell signal is confirmed by the formation of the 1D MACD Bearish Cross. Sell and aim for a -4.14% (previous Lower High rejection decline) drop at 0.854500. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot