EURAUD shorting the ralliesBias on the downside for this pair
Same should be for GbpAud too. FX:GBPAUD
***************************************************************************************
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!
Forex-aud
AUD/JPY Outlook (28 June 2022)AUDJPY has been sitting just below the 94.00 resistance level. This level has been held since April and more recently in June, acting as a support turned resistance level.
In lined with the AUD/USD analysis and the expectation for AUD to break lower, look for the AUDJPY to be resisted at the resistance level to trade towards the 92.50 support level. Although further Yen weakness is anticipated, I think that weakness in the AUD might frontrun this move lower. To be extra safe, look for a clear rejection of the resistance before trading lower.
If price climbs higher and breaks above the 94.00 resistance, the current short would not be valid. Instead look to short from the next resistance of 95.50
AUD/NZD Outlook (28 June 2022)Movement of the AUDNZD cross tends to be affected by factors in the local economy rather than global headline and tends to have a strong trend following characteristic.
Currently the AUDNZD is sitting just below the 1.1050 resistance level, having climbed up from the 1.0950 support level. The natural anticipation will be to expect the momentum to continue, for price to break the resistance, continuing the move upward.
However, pay attention to the 16th through 19th May where price spiked & retraced, struggling to break high from that 1.1050 resistance level.
Therefore, it would be better to stay neutral on the AUDNZD at this point, wait for a clear break higher or lower before entering into a trade.
AUDCHF - My Trading Plan in a pictureHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
AUDCHF is overall bearish trading inside the brown trendlines and now approaching the lower brown trendline.
Moreover, the green area 0.6670 - 0.6700 is a resistance turned into support.
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower brown trendline. (acting as non-horizontal support)
As per my trading style:
As AUDCHF approaches the purple circle, 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 MORE DOWN COMING I am looking to see the dollar continue to over power the AUSD. Setups we seen a clean reversal pattern in our previous post and currently I see a bear flag forming. Now for those not familiar of what a bear flag is, its a CONTINUATION pattern now that words key as it would indicated further down to the down channel support line as shown. Enter on the 15/30M time frame on the confirmation of the bear flag being broken and confirmed
AUDUSD Despite the rebound still bearish unless this level breakThe AUDUSD pair has been trading within a long-term Channel Down since the February 25 2021 High. The recent rebound is fueled by the direct hit on the Channel's Lower Lows (bottom) trend-line and the gap that filled from June 2020. So far the pattern resembles the Channel Down of 2018/19. Both had a fake break above the 1D MA200 (orange trend-line), which eventually rejected the price.
The current RSI sequence is similar to that of the last rebound in early March 2020, which after failing to break above the 0.5 Fibonacci level, it resulted into a massive collapse, which of course was attributed almost entirely to the COVID outbreak.
Unless a similar event takes place, we can expect a smoother price action this time but still, a break below the Channel should aim at the next Gap Fill around the 0.6400 level. It would be safer to buy only if the price breaks above the 1D MA200 again.
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
AUD/USD Outlook (25 April 2022)AUD/USD continues its downtrend after testing 0.7450.
Due to the DXY strenght, the AUD/USD has strongly broken the 0.7300 and 0.7200 support levels.
Currently at 0.7169, look for continual downward move towards 0.7100 in the short term.
However, watch out for AUD CPI data to be released on Wednesday morning.
Strong CPI data could trigger the RBA to increase rates, a policy action that they are considering but have held off since.
At 0.7100, if RBA rate increase is anticipiated, look for a bounce from this support level in the medium term.
AUDJPY Sell signal on overbought 1D RSIThe AUDJPY pair has given a clear medium-term bearish signal. The 1D RSI got rejected late last month within its multi-year Resistance Zone with the price initially reacting with a pull-back but has since recovered and turned neutral.
Every time that the price hit the 1D RSI Resistance Zone since 2020, it pulled-back to at least the previous Fibonacci level: In June 2020 it pulled-back to the 0.0 Fib from the 0.5 Fib, in February 2021 it pulled-back to the 0.5 and then even 0.0 Fib from the 1.0 Fib. Finally in October 2021 it pulled-back from the 1.0 Fib straight to the 0.0 Fib.
Right now, it is trading on the 1.5 Fibonacci extension level. Naturally we are expecting a pull-back on a two month horizon to the 1.0 Fib at least. A monthly candle closing below it, can even kick-start a deeper correction to the 0.5 Fib. This is a great low risk trade for swing traders.
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
AUDUSD OR NZDUSD,looking to shortWaiting for setups to short on both AU and NU..
***************************************************************************************
Hello there!
If you are keen to learn more on the technical setups,do visit my website at www.shadowingthebb.com !
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!
EURAUD , could see a bounce at 1.57 ...then we might see a reversal from here..for now still bearish...
Hello there!
If you are keen to learn more on the technical setups,do visit my website at www.shadowingthebb.com !
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!
#AUDUSD approaching pivot, potential for a drop! Description
Price is reacting below our pivot level at 0.71726 which is in line with 61.8% Fibonacci retracement level & horizontal overlap support. Price can potentially take support at 0.6998, which is in line with horizontal swing low support. Alternatively, price may rise up to our resistance at 0.72292, which coincides with 50.0% Fibonacci retracement level and horizontal overlap resistance . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
0.71726
Why we like it:
61.8% Fibonacci retracement level & horizontal overlap support
1st Support:
0.69980
0.71726
Why we like it:
horizontal swing low support
1st Resistance:
0.72292
0.71726
Why we like it:
50.0% Fibonacci retracement level and horizontal overlap resistance
Trading FX & CFDs carries high risk.
A good opportunity to buy the Aussie?After breaking under the huge flags support, the aussie has continued its decent breaking under two more important support zones.
Howeve, at this point, the pair is in a strong buy zone and, and considering an almost 500 pips fall, a corrections is needed.
((But dont forget the DGP YoY Q3 dropped from 9% down to 3,9% which should be taken as negative to the AUD. Have a great trading week guys!