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AUDUSD Channel Down aiming for a bearish break out.AUDUSD is trading inside a Channel Down since September 19th. The price is currently under the MA50 (4h) and the bullish wave of the Channel Down is about to end. So far this is similar to the first bullish wave (Megaphone) that made a bearish break out on October 3rd. Trading Plan: 1. Sell on the current market price. Targets: 1. 0.64565 (Fibonacci 1.5 extension). Tips: 1. The RSI (4h) double topped and is trading under its MA. Sell signal as well. Please like, follow and comment!!
Short
by TradingBrokersView
1
AUDNZD: Bullish extension expected.AUDNZD is bullish on its 1D technical outlook (RSI = 60.156, MACD = 0.002, ADX = 27.433) as it maintained the rebound made on the 4H MA200 and bottom of the Channel Up. According to the 4H RSI, this pattern is similar to the 4H MA200 of April that made one final extension on that rebound to the 1.786 Fibonacci level. Our target is slightly under it (TP = 1.117500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
Euraud likely can see more downsideHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Overall a bearish chart on the daily, now with the rejection as last R zone on daily, likely to see more downside on EA. 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. *********************************************************************
Short
by Shadowing_The_Big_Boys
AN could be having more upside 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 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. *********************************************************************
Long
by Shadowing_The_Big_Boys
AUDNZD Has bias for some more down side...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 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. *********************************************************************
Short
by Shadowing_The_Big_Boys
2
AUDUSD Medium-term Sell OpportunityThe AUDUSD pair followed our previous signal with great precision (March 19, see chart below), hitting the 0.63750 Target: Following that, the price rebounded and has so far been rejected yet again on the 0.5 Fibonacci retracement level. That is the strongest medium-term Resistance and a symmetrical sell level where the similar sequence of June - July 2023 Double Topped and got rejected even below the 1.236 Fibonacci extension. As a result, we take a similar bearish stance and take this opportunity to sell again and target 0.63450 (1.235 Fib ext). ------------------------------------------------------------------------------- ** 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 - Already Over-Bought 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDCAD has been overall bullish, trading within the rising wedge in red. At present, AUDCAD is approaching the upper bound of the wedge pattern acting as an over-bought zone. Moreover, it is retesting a strong resistance zone in blue. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline. 📚 As per my trading style: As #AUDCAD is hovering around the circle zone, I will be looking for bearish reversal setups (like a double top 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
by TheSignalyst
4
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
Long
by TheSignalyst
8
AUDUSD: Wait to buy this dip.AUDUSD is marginally bearish on its 1D technical outlook (RSI = 40.176, MACD = -0.001, ADX = 34.265) as it entered a Channel Down similar to those of August - October 2023 and April - May 2023. That is why we are expecting a bullish reveral the closer we get to the 1.236 Fibonacci extension. As long as the 1D RSI doesn't break into the oversold zone (<30.000), we will buy that dip and target the LH trendline (TP = 0.6700). 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. ##
by InvestingScope
AUDJPY Hit the top of the Channel Up.The AUDJPY pair has recently hit our long-term bullish Target of 99.300, which we set on our last trading idea (December 18 2023, see chart below): That was at the top (Higher Highs trend-line) and the 1.136 Fibonacci extension of the 9-month Channel Up. We are technically expecting a pull-back now towards the bottom (Higher Lows trend-line) of the Channel Up and our Target is the 0.382 Fibonacci retracement level at 95.600. If however the price breaks above the Higher High and the Channel Up, we will have a formation bullish break-out and as a result we will take the small loss on the short and go long instead, targeting the 3.0 Fibonacci extension at 102.700. In that case we will be expecting a rally similar to June 2023, which led to the creation of the current Channel Up. ------------------------------------------------------------------------------- ** 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
AUDJPY - Keep It Simple 👌Hello TradingView Family / Fellow Traders, 📈 AUDJPY has demonstrated an overall bullish trend, trading within the rising broadening wedge pattern in blue. Currently, AUDJPY is sitting around the lower bound of the wedge. Moreover, the 96.5 serves as a robust demand zone. 🎯 Therefore, the highlighted blue circle signifies a significant zone to consider for potential buy setups . This area is noteworthy as it marks the convergence of the green demand and the lower blue trendline, acting as a non-horizontal support. 📚 In accordance with my trading style: As AUDJPY is sitting around the blue circle zone, I will actively search for bullish reversal setups to capitalize on the anticipated next bullish impulse movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
AUD/USD: Navigating Market Swings Amidst Economic IndicatorsAUD/USD: Navigating Market Swings Amidst Economic Indicators The Australian Dollar (AUD) has showcased its strength in the aftermath of the US Consumer Price Index (CPI) release. Despite an initial dip yesterday, the AUD demonstrated a robust recovery, maintaining its position within the 50% - 61.8% Fibonacci area. Supported by the 200 Moving Average and the dynamic trendline of a bullish channel, the technical analysis indicates a stable situation, fostering a modest upward movement. As the AUD/USD pair approaches the psychological level at 0.6700, market speculation on potential rate cuts by the US Federal Reserve (Fed) in March and May continues to provide support. Economic Landscape: Australia's Monthly Consumer Price Index for October and November revealed a marginal decrease, suggesting that Q4 2023 headline inflation may fall below the Reserve Bank of Australia's (RBA) annual forecast of 4.5%. The Australian Bureau of Statistics (ABS) job vacancies data, reflecting a decline for six consecutive quarters, aligns with the labor market's easing pressures. These factors indicate that the RBA might refrain from further interest rate hikes in February. Contrasting signals emerge from Australia's economic indicators, with Retail Sales increasing in November and December's Trade Surplus widening. While positive, these signals may not be sufficient to prompt the RBA to implement monetary policy easing, especially given the subdued inflation data. Forecast: Amidst these economic dynamics, our forecast maintains a positive outlook for the AUD/USD pair. The technical stability, coupled with market speculation favoring the Australian Dollar, suggests a potential growth in its value. Traders and investors will be keenly observing how the RBA responds to the contrasting economic indicators and whether the central bank decides to adjust its monetary policy stance in the coming months. Conclusion: The Australian Dollar's resilience in the face of market fluctuations and economic indicators is noteworthy. While inflationary concerns persist globally, Australia's economic data presents a nuanced picture. The AUD/USD pair's journey toward the 0.6700 level is an intriguing development, and its future trajectory will be shaped by a delicate balance between domestic economic factors and global market sentiment. Our preference Looking for a Long positions with target at 0.6940
Long
by FOREXN1
1
AUDNZD Bullish set-up.Our last analysis on the AUDNZD pair was on November 16 (see chart below) and so far has hit one of our two targets: At the moment the price is struggling on the 1D MA50 (blue trend-line) - 1D MA200 (orange trend-line) Zone, where it has failed since Dec 13 and on every single candle to close it above the 1D MA50. If it does, expect the continuation of the uptrend towards the Symmetrical Resistance, in which case our Target will remain 1.9200. If it continues to fail on the 1D MA50 and gets rejected, we will buy again near Support 1 and close everything at 1.08200 (just below the 0.618 Fibonacci retracement level as all previous Lower Highs). ------------------------------------------------------------------------------- ** 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
AUDJPY Our trading plan on this Channel Up.The AUDJPY pair gave us the pull-back we wanted last time (November 03) and delivered a buy opportunity that hit our 97.675 target (see chart below): The price has since pull-back and rebounded just before testing the 1D MA200 (orange trend-line). Even though it is still restrained below the 1D MA50 (blue trend-line), as long as the 1D MA200 holds, we expect this sequence to be the new bullish leg of the Channel Up, similar to the post July 28 bottom. The Higher High that followed, peaked just above the 1.136 Fibonacci extension level and as a result, our current target is 99.300. If however the price breaks and closes a 1D candle below the 1D MA200, we will take the loss and attempt to cover it by shorting towards 91.800 (Support 1). ------------------------------------------------------------------------------- ** 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
AUDJPY Solid short signal.AUDJPY is on a 1-2-3 pattern like the one in July, currently on the 3rd led down. This is basically resembling Descending Triangle pattern. One last bearish leg to give before it breaks upwards. Trading Plan: 1. Sell on the current market price. Targets: 1. 94.000 (Support A). Tips: 1. The RSI (1d) patterns between the two sequences are also similar both inside Channel Down formations. This also points to a bearish leg next. Please like, follow and comment!!
Short
by TradingBrokersView
More correction down for Audchf?Likely more down side. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! 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. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
2
AUDNZD: These Support levels favor a rebound.AUDNZD is almost oversold on the 1D timeframe (RSI = 32.701, MACD = -0.002, ADX = 44.479) hitting yesterday the July 14th Low. The long term pattern started as a Channel Up but recently has switched to a Rectangle. The 1D RSI has been a Rectangle through the whole year and being on its bottom currently, calls for a buy. We are long, targeting the LH trendline (TP = 1.10000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
AUDUSD: Next pump will be a sell entry.AUDUSD is trading inside a Channel Down pattern since the start of the year with the price consolidating at the moment on its bottom. Naturally, the 1D technical outlook is bearish (RSI = 41.632, MACD = -0.003, ADX = 25.040), under both the 1D MA50 and 1D MA200. The LL was made marginally over Fibonacci 2.0 extension, so there is a strong symmetry with the prior bearish wave. If it continues, we should be expecting a new rejection a little over the 1D MA50 to a new LL. Our sell target will be on S1 (TP = 0.62730). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
8