AUD/CHF is falling towards the support level which is a pullback support that is slightly below the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.56953 Why we like it: There is a pullback support level which is slightly below the 23.6% Fibonacci retracement. Stop loss: 0.55872 Why we like it: There is an overlap...
The price is currently reacting off the pivot which acts as a pullback resistance and could drop to the 1st support identified as an overlap support. Pivot: 0.6799 1st Support: 0.6753 1st Resistance: 0.6852 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...
Hey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.68400 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at the weekly 0.68400 resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring AUDCAD for a buying opportunity around 0.91100 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.91100 support and resistance area. We would also like to consider the positive correlation between stocks and AUDCAD, due to the bullish bias on...
The Aussie (AUD/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as an overlap resistance. Pivot: 0.5579 1st Support: 0.6642 1st Resistance: 0.6752 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
The price is currently at the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci projection and could drop from this level to our take profit. Entry: 0.6752 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci projection. Stop loss: 0.6865 Why we like it: There is a pullback resistance level...
AUD/CHF is falling towards the pivot which has been identified as a pullback support and could rise from this level to the 1st resistance which acts as a pullback resistance. Pivot: 0.56955 1st Support: 0.55933 1st Resistance: 0.58147 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
R1 0.6799– 11 July high – Strong R2 0.6753 – 21 August high– Medium S1 0.6637 – 19 August low– Medium S2 0.6563 – 15 August low – Strong This week's RBA Minutes came out confirming the recent more hawkish leaning RBA decision. The central bank hinted at the fact that the cash rate would stay where it is for an extended period of time, while the...
The AUDUSD pair is approaching the 1-year Resistance Zone that has been in effect since June 2023 and has to this date priced 4 rejections. As long as the 1W MA200 (orange trend-line) holds, the market will continue to apply extreme selling pressure every time the price hits that Zone. Wait for the most optimal sell entry on this level and target the top of the...
AUD/CHF is currently at the support level which is an overlap support and could potentially rise to our take profit. Entry: 0.57488 Why we like it: There is an overlap support level. Stop loss: 0.56962 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement. Take profit: 0.58174 Why we like it: There is a pullback resistance...
Hey Traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.09400 zone, AUDNZD is an uptrend and currently is in a correction phase in which it is approaching the trend at 1.09400 support and resistance area. Trade safe, Joe.
AUD/USD is reacting off the resistance level which is a pullback resistance that is slightly below the 88% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.6728 Why we like it: There is a pullback resistance level which is slightly below the 88% Fibonacci retracement. Stop loss: 0.6798 Why we like it: There is a pullback...
EUR/AUD has reacted off the pivot and could drop to the 1st support which acts as a pullback support. Pivot: 1.65358 1st Support: 1.62714 1st Resistance: 1.67679 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...
AUD/CAD is reacting on the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support. Pivot: 0.91810 1st Support: 0.91075 1st Resistance: 0.92467 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...
AUD/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and the 161.8% Fibonacci extension and could reverse from this level to our take profit. Entry: 0.91697 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement and the 161.8% Fibonacci...
The Aussie (AUD/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which acts as a pullback support. Pivot: 0.6716 1st Support: 0.6641 1st Resistance: 0.6797 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...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. bounced off the lows after daily pullback. currently looks like on track back to an upside. 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...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.67500 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.67400 support and resistance area. Trade safe, Joe.