AUD/USD Possible Bearish - ABC Corrective WaveAussie has been on a smoothly steady downtrend since 25th of October, and this has been followed with couple of Higher Highs and Higher Lows, but this past Friday impulsive movement towards the top-table in the market could be a possible starts of the ABC corrective wave, for Aussie.
Following the momentum and the price level, the price has moved very close to retesting the dynamic support at 0.7370, and failure to break this previous support level could open a more downward chance for the bears to keep the price dipping.
That said, there is a chance that the Elliot wave theory would kicks in and the price would complete the ABC reversal stage before any further downward drive is resumed by the sellers.
#fx #aud #audusd #usd #aussie
Forex-aud
AUDUSD Buy Signal long-termThis pair got rejected recently on the 1D MA200 (orange trend-line) as it was rising from August lows but right now is ahead of a strong bullish signal, which last time started a very strong multi-month rally.
That is the 1D MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross, which last time it happened on June 09 2020 started a Channel Up and never revisited that low. Based on this fractal I am expecting AUDUSD to hit the 1.5 Fibonacci extension by the end of this year and set a long-term Target Zone within the 2.0 - 2.5 Fib Zone by mid 2022.
So far this is in line with my multi-year view as posted in July:
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AUD/CAD Daily High & Lows Retest With the levels that I have marked off, Gold being major levels of price that the market had to offer, and the purple box being the range that seems to be forming before another major move. I'm almost certain that we will see a move to the upside to 0.93100 before moving down to 0.91573(AUD/CAD).
AUDCAD - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
AUDCAD is sitting around a daily support zone so we will be looking for buy setups on lower timeframes.
on H1: AUDCAD formed an inverse head and shoulders pattern but it is not ready to go yet.
Before we buy, we want the buyers to take over again.
Trigger => Waiting for a momentum candle close above the gray neckline to buy.
Meanwhile, until the buy is activated, AUDCAD would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDNZD pullback for shorts
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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.
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AUDCAD - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
AUDCAD is approaching daily support in green so we will be looking for buy setups.
on H4: AUDCAD is forming a channel but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated , AUDCAD would be overall bearish can still trade lower in the green support.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDUSD long ideaSo what do we have here, you can see that the market went to the low, pierce below it and then rised again makinf double bottom formation plus SFP pattern, the market also showing strong bullish candles and currently making a flag after a strong bullish candle on the 30 minutes, I will say that we can buy on strong bullish signal breaking through the flag and then breaking up from the down trendline, the target set is the target for double bottom chart pattern and the stop loss is below the low, trade with care and cheers
AUD/USDSince February 22, 2021 interest rates has been in the 2’s up until July 1st. Since July, Interest rates have lowered a tad bit but is continuing to range in the late 1.70’s -1.90’s. The Fed says inflation will be transitory. At the end of the day, we are at historically low interest rate levels and I don’t see how we would go back between the 2’s and 3’s at some point. When interest rates fall, the USD or respective currency’s dollar weakens. Vice versa when interest rates are high, the dollar strengthens. I see interest rising overtime and over powering the AUD’s interest rates. The AUD 10 year is at 1.25% today with a basis on 1.0%.The USD 10 yr yield is sitting at 1.27% with a basis of 1.25%. I see price is trading under my EMA’s and looks ready to test previous supports on the daily chart. Let’s see how this goes! Not financial advice. Just practicing.
Looking at how things move, likely AUDCHF will push lower?
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Potential Turning point for AUDSGDWatch it closely for a fast quick short?
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AUD/USD:BEARISH FORECAST|PRICE FIBO ACTION|SHORT SETUP 🔔AUD/USD Forecast Fundamental Analysis | Australian Dollar / US Dollar
The forecast for the AUD/USD remains bearish despite the sell-off over the past few trading sessions. Price action paused its bearish move and presently drifts higher with the Kijun-sen and the Tenkan-sen flat. The descending Ichimoku Kinko Hyo Cloud maintains longer-term bearish pressures on price action, supported by weakening fundamentals for the US Dollar. Can bears maintain control over the AUD/USD and force it into its next horizontal support area?
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AUDCAD: Important Breakout & Bearish Continuation 🇦🇺🇨🇦
Hey traders,
AUDCAD is trading in a long-term bearish trend.
For the last two weeks, bearish movement has stopped.
The price was consolidating within a horizontal trading range.
This night its support was finally broken.
Now chances are high to see a bearish continuation.
Next goal - 0.94
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AUDCAD - ShortPotential for further downside as price rejects at previous support (0.9540).
if bearish momentum continues, the price could head down to the previous resistance zone on the daily time frame (around 0.9400).
The Canadian dollar has shown good strength recently which we help create bearish momentum on this pair
AUDUSD if it continues to break 0.77 ...more downside to 0.76...
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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!
🔥 AUD/NZD Bullish ChannelSince 2021, AUD/NZD has been trading in a nice bullish channel. Since a couple of weeks, however, this pair has been falling towards the support of the channel.
This trade is based on the idea that the channel will hold in the mid-term.
Entry: 1.074
SL: 1.0695
TP1: 1.083
TP2: 1.093
Happy trading!