Despite a backdrop of improved risk aversion on Monday, the Australian Dollar (AUD) appreciated, bolstered by domestic economic factors. Persistent high inflation, robust Retail Sales, and a strong Services PMI have provided support to the AUD, leading the Reserve Bank of Australia (RBA) to delay potential rate cuts. However, this upward momentum is tempered by...
The AUDCAD pair just hit on the week's opening the Lower Highs trend-line that was first initiated on February 22 2021. As the 1W RSI is just below its own 3.5-year Resistance Zone, the first strong long-term sell opportunity flashes. Check below how the last AUDCAD analysis (May 29, see chart below) provided an excellent buy opportunity: The more short-term...
AUD/CHF has just bounced off the support level which is an overlap support that aligns with the 23.6% Fibonacci retracement and could rise to our take profit. Entry: 0.60211 Why we like it: There is an overlap support level which lines up with the 23.6% Fibonacci retracement. Stop loss: 0.59896 Why we like it: There is an overlap support that aligns with the...
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.67000 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.67000 support and resistance area. We would also like to consider the positive correlation between indices and AUDUSD, indices are having a...
AUD/CHF is reacting off the pivot which has been identified as an overlap resistance and could fall to the 1st support. Pivot: 0.60608 1st Support: 0.60204 1st Resistance: 0.60817 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
GBP/AUD is falling towards a support level which is an overlap support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.90141 Why we like it: There is an overlap support that aligns with the 23.6% Fibonacci retracement. Stop loss: 1.89863 Why we like it: There is a pullback support that lines up...
GBP/AUD has been trapped between a correction trendline and a support zone. Because of that the price moves back and forth in a tight range. If the price manages to break the correction line, this will lead the price into the 1.91 zone. Also, the price has completed a 5-wave impulse before, so any break above the correction line will start a new 5-wave impulse...
This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is...
The AUDJPY pair gave us an excellent short-term sell signal last time (May 23, see chart below) but after that broke above the medium-term Channel Up aggressively: We now need to zoom out to the longer term 1W time-frame, where we clearly see the dominant pattern of the pair, which has been a Channel Up since the March 16 2020 (COVID) market bottom. Each...
The Japanese government is currently enjoying the weaker yen, as it helps boost the economy. However, this is only a short-term solution, as eventually, people's anger about rapidly rising prices might overshadow that government's positivity. #audjpy EASYMARKETS:AUDJPY FX_IDC:AUDJPY Disclaimer: easyMarkets Account on TradingView allows you to combine...
AUD/CAD has reacted off the pivot and could fall to the overlap support. Pivot: 0.91545 1st Support: 0.91123 1st Resistance: 0.91682 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that...
AUD/NZD is rising towards a resistance level which is an overlap resistance that lines up with the 88% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 1.09907 Why we like it: There is an overlap resistance level which aligns with the 88% Fibonacci retracement. Stop loss: 1.10273 Why we like it: There is a pullback...
AUD/USD Surges to 0.6670 as US Inflation Cools, Setting the Stage for Bullish Continuation The AUD/USD pair has jumped higher to 0.6670 following an expected cooling in US inflation. This move aligns with our technical analysis, which anticipated a potential rebound in the Fibonacci retracement area, triggering a new bullish impulse. We also observed a...
AUD/CHF is rising towards the pivot which acts as an overlap resistance and could potentially reverse to the 1st support. Pivot: 0.60166 1st Support: 0.59518 1st Resistance: 0.60396 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
GBP/AUD has just bounced off the pivot which acts as a pullback support and could potentially rise to the 1st resistance. Pivot: 1.8916 1st Support: 1.8869 1st Resistance: 1.9060 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
The Aussie (AUD/USD) has reacted off the pivot which has been identified as a pullback resistance and could fall to the 1st support. Pivot: 0.6683 1st Support: 0.6638 1st Resistance: 0.6701 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of...