Watch out for the RBA interest rate decision, which is coming out on Tuesday. Strong moves in AUD are possible. #AUDUSD EASYMARKETS:AUDUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced...
RBA decision: Will the Aussie Dollar break out? A potentially interesting week awaits the Aussie dollar, with the Reserve Bank of Australia (RBA) expected to hold its interest rate unchanged. Money markets price around a 97% chance for rates to remain at the current level and only a 3% probability of a 25-basis point cut. Last week, ANZ became the first of...
Hello Traders, In the upcoming week, we are closely monitoring AUD/NZD for a potential selling opportunity around the 1.08200 zone. AUD/NZD is currently trading in a downtrend and is undergoing a correction phase, approaching the key support and resistance area at 1.08200. This level has historically acted as a significant pivot point for price action, making it...
Hey Traders, in tomorrow's trading session we are monitoring AUDCAD for a buying opportunity around 0.90600 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90600 support and resistance area. We would also like to consider the current bullish momentum on stocks, due to the positive correlation...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. If you have followed my video, i mentioned about shorting on chf crosses . It has came down quite a bit and i think it will still continue on...let's see how it play out this week. :) can look at cadchf etc.. Do check out my recorded video (in trading ideas) for the...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. I find the long tailing candles of the last 2 weeks disturbing....but still bearish on this cross..watching for short opportunities! 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...
This is Part 1 of the Weekly Forex Forecast. Part 2 will follow! Look for it! In this video, we will cover: USD Index EUR GBP AUD CAD NZD CHF JPY Enjoy! May profits be upon you.
Key Points: Buy Entry: Consider entering a Long position around the current price of 104.30, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 105.15 2nd Support – 105.50 Stop-Loss: To manage risk, place a stop-loss order below 103.97. This helps limit potential losses if the...
The GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After...
AUD posted a strong rally of 5% from the April low, before 67c capped as resistance. A choppy rage has since formed between 66c-67c, although it could also be a bull flag in the making. Whilst we wait for it to decide which of the two it is, we're looking at a cheeky swing trade long idea heading into the weekend. The 1-hour chart shows a strong rally from US...
AUD/USD is falling towards a support level which is an overlap support that is slightly above the 78.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.6610 Why we like it: There is an overlap support that is slightly above the 78.6% Fibonacci retracement. Stop loss: 0.6575 Why we like it: There is a pullback support...
GBP/AUD is rising towards a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.92600 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 1.93471 Why we like it: There is a pullback resistance...
The Australian Dollar (AUD) recovered some ground on Monday after a decline in the previous session. This movement comes as the US Dollar (USD) strengthened due to better-than-expected US employment data released on Friday. The strong jobs report has led traders to push back their expectations for Federal Reserve (Fed) rate cuts, exerting pressure on the AUD/USD...
AUDJPY - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Pivot support is at 103.00. Risk/Reward would be poor to call a buy from current levels. A move through 103.75 will confirm the...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDJPY has been overall bearish , trading within the falling wedge in orange. Currently, AUDJPY is undergoing a correction phase and it is currently approaching the upper bound of the wedge. Moreover, it is retesting strong supply zone marked in green. 🏹 Thus, the...
GBP/AUD has just reacted off he pivot and could potentially rise to the 1st resistance. Pivot: 1.9245 1st Support: 1.9162 1st Resistance: 1.9338 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...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDNZD has been overall bearish , trading within the falling wedge in red. Currently, AUDNZD is undergoing a correction phase and it is currently approaching the upper bound of the wedge. Moreover, it is retesting strong supply zone marked in green. 🏹 Thus, the...
AUD/USD is falling towards a support level which is a pullback support that aligns with the 127.2% Fibonacci extension and could potentially bounce from this level to our take profit. Entry: 0.65611 Why we like it: There is a pullback support level which aligns with the 127.2% Fibonacci extension. Stop loss: 0.65182 Why we like it: There is a pullback support...