AUDUSD Still in downtrend. I consider that trend may continue this week too and this is the small pullback for more downside.Sell at given levels for the target of 0.72100-0.72000 levels.
Aussie has been moving like this for a while now, bouncing between 0.7440 and 0.7360 without showing any clear breakout yet. I managed to catch a short swing trade today on the 4 hourly chart but looking for some better opportunities once this range breaks.
AUD/USD overview Currency rate is moving in the range 1 month. Take a look at the weekly chart, that range is above the key weekly level. For me, it is a signal that big players accumulate their position. At this moment I think about Long because the range is above key level 0.7328 and The price made fake broke of 0.7328. I will open Long IF the price will...
AUD/USD made a fake break of key buy level 0.7325 Take a look on the chart, price bounced from weekly level. Also, currency rate was near that level 14 months ago. Big players respect such levels. Because many retail traders hide theirs loses under it. Which become fuel for market makers when they hit it. Open buy near 0.7340 – 0.7360 S/L: 0.7310 Goal: 0.7629
There is a possible formation of a double bottom here, note that the expanding triangle of 5 waves has been broken out. The confirmation of the change of the trend is the retracement towards the previous support/trendline then back down. If the change of trendline is true, then the forming of the double bottoms is relevant and expected as the retracement. Id...
Shorting AUDUSD either at CMP, or after a minor pullback to the trendline.
Audusd - Daily Chart - Weekly closure below key res levels tells me there's more selling pressure left for this pair.. I am selling this pair down to 0.7200 where i might load up on buys..
Personally, my bias is long for this pair. There's a probability that the previous support at 0.76616 will become resistance level. That's the target for TP. But looking at the chart, the price can also go down to as low as the 52 week low level. Just keep in mine that we will never know where the market might end up, we only can analysis with the best setup and...
Hi Trades ! this is Nouman . The beautiful Short oppurtunity comming up on aud/usd . Hope to see market 350 pips to downside . A clear Breakout on channel as shown . a retest to trendline . Lets Ride
Recent Price Action: Bullish Pattern: Rising wedge (short-term correction) Long-Term Momentum: Bearish Short-Term Momentum: Bearish Bias: Short Action: Potentially enter short position after price breaks 4H trend support. Otherwise, wait until price closes and tests trend support on the daily chart. Comments: Price had a strong retracement after a huge sell-off....
AUDUSD is testing major resistance at 0.7542 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to 0.7476 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support). Stochastic (21,5,3) is seeing major resistance at 92% where a corresponding reaction...
here is my forcast for audusd check out for next week
Pending Long @ 0.7610 Stop Loss @ 0.7480 Target @ 0.8100 RR Ratio @ 3.77 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
AUDUSD Has shown strength in last 5 days. Bulls may take charge after break and sustain above 77900. Until then kepp an Eye On it.
Current markt movement of AUD/USD Will be expected to bearish until price @ 0.76700. Then expected bullish breakout.
Currently AUDUSD enters a major resistance.. Fundamentally, we have issues regarding the Trade war.. Currently China is now strong to retaliate against the US. This might trigger a RISK OFF scenario. In this regard, USD may have a higher probability along with technical charts.
AUDUSD is fast approaching a really key support level where we expect a really strong bounce from. Buy above 0.7639. Stop loss at 0.7577. Take profit at 0.7779. Reason for the trading strategy (technically): Price is fast approaching major support at 0.7639 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) and we expect a strong bounce...