Potential bearish reversalAUD/USD is rising toward a resistance level, which is an overlapping resistance aligning with the 38.2% Fibonacci retracement. A reversal from this level could cause the price to drop to our take profit target.
Entry: 0.64891
Why we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.65483
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement.
Take profit: 0.63900
Why we like it:
There is a pullback support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
D-AUD
Could AUD/CAD bounce from here?Price has currently bounced off the buy zone which is an overlap support level which aligns with the 78.6% Fibonacci retracement and could potentially rise to our take profit.
Entry: 0.88418
Why we like it:
There is an overlap support level which aligns with the 78.6% Fibonacci retracement.
Stop loss: 0.87974
Why we like it:
There is a pullback support level
Take profit: 0.88964
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUD/CHF short to 0.56(4/16/2024)Today after China's economic data, the Market is betting dovish on AUD.
We believe the price has made an ABC correction and it likely started the next downward impulse wave Confirmed by a broken trendline.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
AUDCAD: Channel Up bottom buy opportunity.AUDCAD is neutral on its 1D technical outlook (RSI = 45.713, MACD = 0.002, ADX = 36.219) as it is testing the 1D MA50 and 1D MA200 periods at the bottom of February's Channel Up. This is a technical buy opportunity on the lowest possible risk, since as long as the Channel Up holds, we can target a Higher High at +2.30% (TP = 0.90500) like the one before. If the Channel Up breaks the loss will be minimal and we'll be able to short and target the S1 level (TP = 0.87300).
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
AUD/NZD Short idea(4/16/2024)Today after China's economic data, the Market is betting dovish on AUD.
We believe the price has made an ABC correction and it likely started the C wave.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
AUDCAD is under the pressure of a strong dollar Traders,
In today's trading session, our focus lies on AUDCAD, with our sights set on a potential selling opportunity around the 0.88800 zone. AUDCAD is currently entrenched in a downtrend, undergoing a correction phase as it nears the crucial support and resistance area at 0.88800.
Adding depth to our analysis, it's essential to consider the broader market dynamics, particularly the strength of the US dollar. Historically, a robust US dollar tends to exert downward pressure on indices, given their positive correlation. This relationship stems from the fact that a stronger dollar makes US exports more expensive, leading to lower corporate profits and dampened investor sentiment, thus impacting indices negatively.
Moreover, indices, being positively correlated with AUDCAD, further compound the pressure on the pair in the face of USD strength. As indices decline due to the strong dollar, AUDCAD typically follows suit, given their interconnectedness.
Therefore, with AUDCAD already in a downtrend and the US dollar exhibiting strength, the combination of these factors suggests a favorable environment for a selling opportunity in the pair around the 0.88800 zone.
Trade wisely,
Joe
Achf to watch for shorting it...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Looking to short Achf, chf crosses looks like they are turning...watching.
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 this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
FOREX Pre-Week Analysis by R2F (Monday, 15th April 2024)Hello hello, guys!
We have a new week ahead. Here is my analysis for my bias moving forward. For those who are lazy, I am basically bullish on the Dollar and bearish for XXXUSD pairs. But I suggest going through the video as I explain how I came to this bias as well as offer analysis for each of the major Forex pairs.
We are in turbulent times, so trade safe out there. Protecting your capital is your NO.1 priority. It is not the time to go turbo mode all-in kamikaze style.
- R2F
Rising into 38.2% fibo resistance, could it reverse?AUD/USD is rising into a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.64907
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement
Stop loss: 0.65475
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement
Take profit: 0.64435
Why we llike it:
There is a pullback support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUDJPY - Are You Ready⁉️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 AUDJPY has been overall bullish, trading within the rising wedge pattern in blue.
Currently, AUDJPY is in a correction phase, approaching the lower bound of the wedge.
Moreover , it is retesting a strong demand in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline.
📚 As per my trading style:
As #AUDJPY approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66450 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.66450 support and resistance area.
Trade safe, Joe.
AUD/USD is falling towards a support level; could it bounce?Price is falling towards a support level which is a pullback support level and could bounce from this level to our take profit
Entry: 0.64880
Why we like it:
There is a pullback support level
Stop loss: 0.64449
Why we like it:
There is a pullback support level
Take profit: 0.65513
Why we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUDJPY: Today's decline is a buy opportunity.AUDJPY is borderline bullish on the 1D technical outlook (RSI = 56.140, MACD = 0.500, ADX = 22.883) as today it has erased the gains of almost the past 3 days. As it approaches the 1D MA50, it is turning into a buy opportunity inside a double Channel Up pattern. At 99.000 we are turning bullish again and will aim for a +2.65% increase (TP = 101.700) for a HH.
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
AUDUSD to continue in the upward move?AUDUSD - 24h expiry
Price action looks to be forming a bottom.
The sequence for trading is higher highs and lows.
The 50% Fibonacci retracement is located at 0.6600 from 0.6560 to 0.6645.
Setbacks should be limited to yesterday's low.
Dip buying offers good risk/reward.
We look to Buy at 0.6600 (stop at 0.6575)
Our profit targets will be 0.6665 and 0.6680
Resistance: 0.6650 / 0.6675 / 0.6700
Support: 0.6600 / 0.6575 / 0.6550
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
GBP/AUD is ready for changing direction(4/9/2024)After a 5-wave impulse move, GBP/AUD has started the correction. Right now the price is completing the "A" wave. there is a possibility that the price will bounce back after reaching FIB 0.5.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Rising towards pullback resistance; could it reverse?AUD/USD is rising towards a resistance level which is a pullback resistance level and could reverse from this level to our take profit
Entry: 0.66244
Why we like it:
There is a pullback resistance level
Stop loss: 0.66672
Why we like it:
There is a pullback resistance level which aligns with the 161.8% Fibonacci extension
Take profit: 0.65513
Why we like it:
There is an overlap support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bearish reversalAUDJPY is rising towards a resistance level which is a pullback resistance level and could reverse from this level to our take profit
Entry: 100.359
Why we like it:
There is a pullback resistance level
Stop loss: 100.699
Why we like it:
There is a resistance at the 127.2% Fibonacci extension
Take profit: 99.235
Why we like it:
There is an overlap support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURAUD to continue in the downward move?EURAUD - 24h expiry
The medium term bias remains bearish.
A higher correction is expected.
The sequence for trading is lower lows and highs.
Rallies should be capped by yesterday's high.
Preferred trade is to sell into rallies.
We look to Sell at 1.6480 (stop at 1.6516)
Our profit targets will be 1.6390 and 1.6370
Resistance: 1.6480 / 1.6510 / 1.6550
Support: 1.6420 / 1.6385 / 1.6345
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDCAD under the pressure of bearish stocksIn anticipation of tomorrow's trading session, our attention is fixed on AUDCAD, with a potential selling opportunity materializing around the 0.90300 zone. Currently entrenched in a downtrend, AUDCAD finds itself amidst a corrective phase, edging closer to the pivotal 0.90300 support and resistance area.
It's essential to trade prudently, particularly as broader market indices indicate a bearish sentiment. Notably, AUDCAD often exhibits a correlation with these indices, suggesting a potential downside for the currency pair.
Trade with care,
Joe
AUDUSD, is still holding support.AUDUSD / 1D
Greetings, traders! Welcome back to another market analysis.
The AUDUSD pair has been following a bearish trend, with the price indicating signs of breaking out from a channel. This breakout suggests the possibility of further upward movement. I intend to consider entering positions at lower prices following confirmation of the lower time frame during the next pull-back phase.
Trade safely,
Trader Leo
Eurjpy and Audjpy looking for looks if jpy continue weakensHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
If Jpy is still showing weakness, then likely i am looking at both AJ and EJ to look for long opportunities
But do keep in mind if BOJ gonna dish out stuns on its interventions.
Do check out my stream video 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 this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************