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AUD (Australian Dollar)

AUDCAD 1-Hour Chart AnalysisOn this chart, AUD/CAD is displaying signs of potential support in the green zone. A downtrend line is evident, but the price has tested this trendline multiple times. Key Levels: Support Zone: Around 0.90800, which could serve as a foundation for a reversal if buyers step in here. Resistance Levels (Targets): Target 1: 0.91790 Target 2: 0.92025 Target 3: 0.92380 Target 4: 0.92700 Stop-Loss: 0.90680, just below the support zone to manage risk in case of a bearish continuation. Potential Scenario: Bullish Reversal: If price action breaks above the descending trendline, there is a possibility of a bullish move towards the first target at 0.91790. The break above would signal a reversal from the downtrend, potentially aiming for higher targets. Bearish Continuation: If the price fails to hold above the support at 0.90800, it may continue downward, hitting the stop-loss level at 0.90680. This could provide a shorting opportunity. This setup could be ideal for a trend reversal trade, focusing on breaking resistance levels and progressively moving toward the higher targets. Be sure to monitor for confirmation before entering, as this could avoid potential false breakouts. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading involves significant risk, and you should always conduct your own research and consult with a professional financial advisor before making any investment decisions. Past performance is not indicative of future results. Trade responsibly.
Long
by PhD_Swingtrader
AUDJPY-Awaiting Retest for Bullish Continuation AUDJPY 4H Analysis 📊 Current level: 100.500 – we’ve observed an upside breakout here on the AUDJPY 4-hour chart, and we’re now watching for a potential retest of this level to confirm support for a continuation move. Technical View: 📈 Breakout occurred around the 100.500 mark, suggesting strong bullish momentum. 🔍 Watching for a pullback to the 100.500 level to confirm it as new support. 📐 RSI hints at slight overbought conditions, supporting a possible retracement before further gains. Fundamental Outlook: 🇦🇺 Australia's latest economic data boosts AUD’s strength, signaling underlying support for this trend. 🇯🇵 Japan’s BOJ dovish policies continue to put pressure on JPY, adding momentum to AUDJPY's upside. 🌐 With risk appetite favoring growth, AUDJPY might sustain its bullish trend if fundamentals remain aligned. Let’s stay tuned and keep an eye on the 100.500 level! #AUDJPY #ForexAnalysis #BreakoutTrading #TechnicalAnalysis #FundamentalAnalysis #4HChart #ForexTrader #CurrencyMarket #PriceAction #TradeSetup #ForexSignal
Long
by forexorbit
DOUBLE TOP PATTERN SHOWING ON EURAUD IN DALY TIMEFRAME EURAUD SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD DUE TO THESE REASON A.DOUBLE TOP PATTERN SHOWING ON EURAUD its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01
EURAUD TARGET REACHEDIf you look at some previous posts, you will see EurAud was one of the trades I was in. And it paid off. Final target was reached on Wednesday just before the CPI news release on Nzd and overall this position made me +6% of profit. It was the right thing to close most of the position at high and then at marked area as if Nzd news would turn positive, the whole trend could reverse. All of 3 positions together had a potential hitting +9%, however, my risk is lower than 1% / trade usually. If you got into this with me, well done. T
Long
by Tilen_FX
AUDCADHello traders, let's look at AUDCAD - a beautiful trade that has taken place. Simply explained - on 4H we are still in an uptrend and that means that a pullback from the high that has been made, should follow. Knowing that we can look for sell to buy set ups, with a lower risk of course. If we drop on the lower time frame, we can see the structure flip on 15 min, very high in the market. As I know my HTF bias is bullish - looking at a price, I expect, or better said - my task for a price is to come down to the first buy zone at least, while already being in a sell position. And down there, either the demand for a price will bring buyers back into the market, or the price will drop lower. What I would ideally like to see next is break of 0.91850 . A side note: As this is a counter trend trade, or reversal trade, risk is lower. Trade well, T
Short
by Tilen_FX