Possible Head and Shoulders Forming on AJ Pair4/5/2021 AUD/JPY Analysis AJ pair could be making a possible head and shoulders formation here on the daily chart. This could be a sign that price wants to turn downward depending on whether the next few candles move above resistance at 85.000s or break below the rising trend […]
Hey everyone! Welcome to this week's forex forecast for the week ending April 9th, 2021. I'm TraderBart with A1 Trading, and this week I'll be looking at AUDUSD, GBPAUD, GBPNZD & XAUUSD. AUDUSD Price has been steadily increasing and forming an ascending channel, creating higher highs and higher lows. Looking at recent market moves, we […]
Looking at the overall trend in this market, price has been steadily increasing and forming an ascending channel, creating higher high's (hh) and higher low's (hl). Looking at recent market moves, we can see price consolidating between 0.78 and 0.757 since the start of 2021. We can also see price has formed the head & […]
Hey everyone! Welcome to this week's forex forecast for the week ending April 2nd, 2021. I'm TraderBart with A1 Trading, and this week I'll be looking at AUDUSD, GBPNZD, GBPUSD & XAUUSD. AUDUSD In the past week, we saw price push lower towards the EQL at 1.757, and this setup is looking like it's forming […]
Looking at the overall trend on GBPAUD, since the heavy drop from 5-Year highs in March 2020, price has been consolidating between 1.74 and 1.85. We can see price moving back and forth between these levels and price not making any significant moves or breaks. That being said, it is still a 1100 pip range, […]
AC, Stocks, Gold Rebound After Falling Yields3/22/2021 AUD/CAD Analysis AC this week makes a significant bounce back up to resistance on the 4H chart and breaking a big falling trendline. Unemployment numbers last week were better than expected as big money started moving into this pair. Gold Analysis Gold on the 4H chart showing a […]
AC Tests Resistance, Long Setup on Dogecoin3/19/2021 AUD/CAD Analysis Canada saw some better than expected core retail sales news, but the pair is still in the green today and struggles to break that falling trend line on the daily chart. If price doesn't break resistance today, it may find support on the 200 DMA again […]
Trade Setup on AUDCAD, Gold and Market Struggle3/17/2021 AUD/CAD Analysis Worse-than-expected CPI news came out for Canada today, yet traders were still bullish on CAD. With my recent bullishness on the Australian buck, I like this technical setup for the pair at support paired with its 200 DMA on the daily chart. AUD employment numbers come […]
Gold and SPX Test Resistance, EURAUD Short Setup3/15/2021 EUR/AUD Analysis EURAUD gaining some traction today on the daily chart as Aussie pulls back a little. Volatility early on in the week is leading up to the employment numbers that we will see on Wednesday. That falling trend line still looks like a decent short setup […]
AUD- The Buck Fundamental Analysis From what is considered a mostly stable currency, the Buck has found its way into another likely uptrend this week. For the past year, the Aussie dollar has steadily raked in gains marking a significant uptrend seemingly boundless to the everyday investor. Calling tops are too hard to pinpoint, and […]
