GBP AUDTesting 4HR Resistance.
Usually rejects this area.
Trendline being tested also.
20 MA being used as support can see potential shorts soon.
RSI Bearish Divergence.
Audshort
AUD is not a buy now. Period.I think we need aud to drop a bit more before we can enter in a buy position with it as the RSI is getting a bit overvalued and also it broke down of its wedge pattern. What do you think? Leave your comments and likes below. WARNING! I am not a financial adviser and take this advice with a grain of salt. Tell me what I should analyze next!
AUDJPY- Weekly Analysis (Sell until 76)Technical analysis
Chart pattern: Rectangle
Price objective: 76
$EURAUD BULLISH. Target 1.5995. EURAUD made a higher low and formed a double bottom pattern and fixed above the resistance of the pattern before market close, indicating a continuation of buying pressure for the week ahead. I entered when I saw a reversal happening at the 1.56 support zone and our position is +17% in profit so far. In addition, the market is finally above the ichimoku cloud and as you can see from the chart, it had been getting rejected by Senkou A (the top boundary of the cloud), multiple times and when it had broken out from it at the start of December, it was followed by a +1% increase. We had been oversold in this market and there was a bullish divergence forming on RSI and momentum, all to support the bullish argument for the pair. I will hold the position with a trailing stop until the target is reached. Follow me for more trade ideas and market analyses. Best, Umit *This is not investment advice.
AUDCHF masive SHORTAUD is extremely weak. Although AUDCHF bounces from his daily support zone, we see that it is not strong. In order to do this, I would like to remind you that you need to break the axis of the axis that I have mentioned in the layout. Roc has been used as an additional confirmation. It shows a clear price fluctuation and we can conclude that the current rate of -0.68 is not conducive to a resurgence of the trend
AUDUSD SHORTBearish divergence along with a key level failing to be re-tested. Entry on the 5/15m time frame.
SELL AUDUSDSELL AUDUSD as it looks like it can make a short term correction down with a nice risk to reward ratio.
Analysis AUDCAD#100
sell range: 0.96411
Targets: 0.96221- 0.96031- 0.95841
Stop loss The first goal: the profit to loss ratio is 1: 1 (0.96601)
If the first target is touched (close one third of trades)
Stop Losses Second and Third Objectives: 0.96411(Entry Range)
, If the second target is touched (close another third of trades)
And if the third target is touched (close the deal)
AUDCAD pair is looking obvious for trend reverseWe are looking audcad for trend reverse pattern BUT we need more proofs then only picture. We are giving you away possible options.
Trend description
Trend way hasn't reverse yet. Price is at first testing perioud. The question is: Are we going to continue sell?
If price will follow one of breaking options, your job as Elite trader is to focus at breaking spots and momentum story.
1. Option Buyers are going to test lower low straight away
2. Option, might happen with strong volume from sellers side - use our Elite indicator tool and follow momentum story
3. Option - Buyers might push price even higher. If this is going to happen, do not trade this until first resistance level is broken and retraced.
Trending: Possible sell reverse. Still at decision zone.
If trend will reverse, then price could go much lower then you could imagine.
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SELL AUDNZDSELL AUDNZD at the current price level on the daily chart with a 1:1 risk to reward ratio to add some room for movement. Target as shown.
AUD: Breakout of the rising support level.The breakdown of the upward support level, after the statement of the Australian Central Bank about the too high rate of the Australian dollar and possible interventions, caused the price to decline to the support level of 0.7080. After an upward rollback, the downward movement can be continued to the next support level around 0.6780.
AUDUSD H&SHello everyone,
I can see a head and shoulders forming, i've opened a short let me know what you guys think!
AUD/USD daily- Consolidating within a Symmetrical Triangle.AUD/USD daily- Consolidating within a Symmetrical Triangle.
Most likely a bearish breakout- Since the US10y treasuries have already broken downwards out of its Symmetrical triangle on the daily chart. The AUD/USD and S&P500 index will follow suit.
AUDUSD 4hr chart- 1-2-3 trend reversal?AUDUSD (4hr) 1-2-3 Trend Reversal? Must complete all three steps to be a trend reversal.
Step 1- Check.
Step 2- Check.
Step 3- must break red support line (previous low).
AUD/USD- Hitting Resistance on two fronts, RSI overbought. AUD/USD hitting old January highs (yellow horizontal line), with upper bound of Rising Wedge. Plus daily chart RSI at 80!
Very overbought conditions in the short term.
