DeGRAM | AUDUSD structe based tradeAUDUSD is currently testing the structure resistance level by completing the AB=CD pattern.
Volatility decreased, approaching the resistance level. After reaching the dynamic resistance, the chart formed a bearish takeover.
The market reached the strong resistance level on the D chart.
We expect a sell-off from the resistance.
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Audusdanalysis
AUDUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity AUDUSD
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AUDUSD Bullish continuation**Monthly Chart**
March 2024 monthly candle closed as a reversal doji candle after breaking the high of the previous candle, then closed near the low of the March candle. This indicates that AUDUSD has a strong probability to start moving higher.
**Weekly Chart**
Last week's candle closed as an engulfing candle after taking the high of the previous week's candle. The reason is that it didn’t take the low as it reversed near it. This indicates that the price will likely start moving higher in the coming weeks.
**Daily Chart**
Last week AUDUSD coiled near a relatively equal weekly low (demand zone), created a manipulation candle and started moving higher. This indicates a continuing bullish move at least towards 0.66500 level and then 0.67000
DeGRAM | AUDUSD broke up dynamic resistanceAUDUSD has been sharply bought back again after reaching lower support.
Price has returned to the ascending channel and the dynamic resistance has been broken and now acts as support.
The downward structure has not been broken yet.
We expect a pullback after reaching the nearest resistance level.
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AUDUSD: Asian foreign exchange was little changed, the dollar leThe greenback fell from a almost five-month excessive after Powell`s remarks
The greenback index and greenback index futures fell barely in Asian trading, extending in a single day losses after Federal Reserve Chairman Jerome Powell gave blended indicators on a reduce. lessen US hobby fees.
While Powell stated the Fed might subsequently reduce hobby fees later this year, he gave scant indicators at the timing and length of cappotential cuts. Powell additionally stated the crucial financial institution will want to be extra assured that inflation is shifting towards its annual goal of 2%.
Powell's remarks come simply in advance of key March nonfarm payrolls data, due out on Friday. Steady inflation and the electricity of the hard work marketplace are the Fed's largest issues in its capacity to reduce hobby fees.
Ahead of the hard work data, there has been additionally recognition on speeches from different participants of the Fed's hobby rate-placing committee. FOMC participants Michelle Bowman and Thomas Barkin will communicate at separate occasions afterward Thursday.
AUDUSD: 03/04/2024
Please be informed that we should wait for the price to rise to our level and then wait for a clear reversal on the daily timeframe. Currently, we are observing strong bearish signals on the DXY, and due to the overbought condition on the DXY, the price is likely to decline further and undergo a significant correction. It is crucial to monitor the DXY rebound, as there will be news on Friday that will significantly impact USD pairs, including AUD.
Wishing you the best of luck and safe trading.
AUDUSD - Bearish Trendline ChannelMarket Overview:
At the 4-hour time frame, AUDUSD exhibits a robust Bearish Trendline Channel, suggesting a prevailing downward momentum. Currently, the currency pair finds itself positioned at a crucial residential level, adding weight to the potential bearish outlook.
Entry and Stop Loss:
Based on the analysis, a strategic entry point is identified at 0.65200, aligning with the broader downtrend and providing an optimal risk-reward ratio. To mitigate potential losses, a recommended stop loss is set at 0.65600, strategically placed to protect against adverse market movements.
Profit Targets:
Regarding profit-taking levels, two targets are outlined: TP-1 at 0.64850 and TP-2 at 0.64480. These levels are chosen based on technical support and resistance areas, aiming to capture potential downward price movements within the established trend.
Conclusion:
In conclusion, the technical analysis suggests a bearish bias for AUDUSD, with a calculated entry point, stop loss, and profit-taking levels in line with the prevailing market dynamics. Traders are advised to execute with caution and adhere to risk management principles.
Disclaimer:
This analysis is based on current market conditions and may be subject to change as new information becomes available.
DeGRAM | AUDUSD correction after false breakoutAfter breaking through the ascending channel, the price unsuccessfully tried to return to its boundaries.
AUDUSD is now moving in a narrow range.
The asset is likely to try to return to the channel once again and then go down to retest the support.
We expect a bearish move.
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DeGRAM | AUDUSD short opportunity from channel borderAUDUSD recently made a double bottom support level and broke and closed below it.
The price broke and closed below the ascending channel as well, indicating a trend shift.
The market is consolidating on the 4H timeframe, and price likely will retest the support by creating an equal, measured move.
We expect a bearish move.
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AUDUSD: Asian foreign exchange was little changed ahead of key dDollar constant with PCE inflation and Fed remarks in focus
The greenback index and greenback index futures fell throughout the Asian consultation on Tuesday, extending in a single day losses because the dollar noticed a few profit-taking after growing to an intraday high. one month.
Still, investors stay closely biased in opposition to the greenback in advance of key inflation and Federal Reserve alerts this week. PCE fee index data - the Fed`s desired inflation gauge - may be launched on Friday and is broadly anticipated to persuade the primary bank's hobby price outlook.
Along with PCE data, speeches from key Fed officials, consisting of Chairman Jerome Powell and FOMC member Mary Daly, may also be launched this week.
AUDUSD MARCH WEEK 5 OUTLOOK
Daily - Looks bearish. I will look for shorts after price holds below **0.65070**.
Origin - looks bearish. need to break **0.65091** for me to look for entry.
daily and origin both are in sync in terms of zone I need to look out for. so as it breaks, I will look to enter short
AUDUSD WYCKOFF PATTERN WITH STRONG SUPPORTHELLO FRIENDS
As I can see this pair is now testing a strong support zone and it can move upside from this area and if we see its also creating a harmonic pattern Wyckoff, we have a very low risk and higher reward entry here its just a trade idea share Ur thoughts with us.
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📉 AUD/USD Review 📉📉 AUD/USD Review 📉
AUD/USD has shown a notable shift towards the sell side, indicating a clear imbalance favoring sellers. Multiple bearish signals have emerged, especially noticeable in lower time frames.
🔍 **Analysis**:
In recent sessions, AUD/USD has exhibited significant downward momentum, with price action consistently favoring the sell side. Lower time frames reveal a series of bearish patterns and indicators, signaling further downside potential.
📉 **Sell Side Imbalance**:
The sell side imbalance in AUD/USD is evident, suggesting a favorable environment for short positions. Traders should carefully monitor this imbalance, as it often indicates sustained downward pressure.
🎯 **Target Mentioned in Chart**:
Chart analysis points to specific target levels where sellers might aim to take profit or initiate further short positions. These targets provide clear guidance for traders looking to capitalize on the current bearish trend.
📈 **Conclusion**:
Overall, AUD/USD presents an attractive opportunity for traders looking to capitalize on the sell side imbalance. With clear targets outlined in the chart, there is potential for profitable short positions in the near term.
Happy Trading! 💼📉📊
AUDUSD - Bullish continuation ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I expect bullish continuation after price filled the imbalance and rejected from trendline + support zone. This move is supported by weak USD after news.
Fundamental news: Tomorrow we will see results of Unemployment Rate on AUD, news with high impact on currency.
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#AUDUSD: 500 pips buying opportunity with great Risk to Reward.AUDUSD, currently trading at the perfect area to take a swing buy entry, we already have two entries which are currently active. This can be a third entry, which is available to take right now with 100 pips stop loss and 700-800 pips as in take profit. Waiting for price to be extreme bullish in soon time.
Trade safe!
AUDUSD
AUDUSD appears to be exhibiting a bullish bias on the 4-hour timeframe, potentially following a bullish flag pattern alongside Elliott Wave theory indicating a completed 12345 sequence. The recent upward movement is supported by a retracement of approximately 61% within the context of Elliott Wave's fourth wave completion, suggesting further upward momentum may be likely. Traders could monitor for confirmation signals to capitalize on potential bullish opportunities in the near term.
AUDUSD WEEK 4 OUTLOOKDaily - looks touch uncertain. if the COT and DXY weakness is taken into consideration, AU should resume bullish trend. if that is to happen, I will wait today and see how AU closes today.
Origin - if AU continues it's leg down, I will look for price to get absorbed in the zone - 0.65327 - 0.65090 and take it up to the zone 0.65714 - 0.65955. clear bullish bias if price closes above 0.66207
DeGRAM | AUDUSD structure based tradeAUDUSD is near the major support level on the 4-hourly chart.
Price action is decelerating while approaching the support level and 141.4% fibo extension level.
There's a high chance that price bounces off the support if price creates a false break.
We expect a bullish move following the completion of the AB=CD.
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AUDUSD: Dollar steady, CPI data awaitedThe dollar index and dollar index futures steadied above the 102 level on Monday, after recording sharp declines last week.
The greenback was beset by comments from Fed Chairman Jerome Powell that the central bank was close to having enough evidence of easing inflation. Powell also made clear that he does not expect inflation to reach 2% to begin considering interest rate cuts.
Adding to this pressure, data on Friday showed nonfarm payrolls rose more than expected in February. But January's figures were revised significantly lower, while other figures showed unemployment rising, suggesting the labor market has cooled somewhat.
Powell's comments kept markets more focused on Tuesday's CPI data, especially as several other Fed officials also signaled that any rate cuts by the Fed would depend largely on the path of inflationary