DeGRAM | AUDUSD trend continuation opportunityAUDUSD broke and closed below the resistance and fibo levels.
The price is likely to rebound from the resistance zone since it is in the descending channel.
Most likely, the market will pullback above the psychological level at 0.66000 and then continue trending down.
The market is bearish, and we expect a bearish move.
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Audusdanalysis
AUDUSD the condition is closing 4h candle under 0.6606 AUDUSD
stabilizing above 0.6606 will support rising to touch 0.6640 then 0.6694 then 0.6724
stabilizing under 0.6606 will support falling to touch 0.6542 and then 0.6501
the condition is closing 4h candle under 0.6606
Pivot Price: 0.6606
Resistance prices: 0.6640 & 0.6694 & 0.6724
Support prices: 0.6542 & 0.6501 & 0.6469
tendency: bearish
timeframe:4H
AUDUSD - SELL - Inflation and Interest rate forecastThere seems to be a movement in the opposite direction from the original bearish movement. My prediction is the Buyers are making a prediction forecast in the event of lower inflation for AUSSIE and a no-interest rate hike for USD.
However, according to my pattern analysis, the price has not completed its full reversal on price yet. Therefore, there is still a potential for a downside bearish movement.
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AUDUSD - SHORT SETUP - SELL
The Stochastic Oscillator %K value is 84.92% and the %D value is 91.64%. Both values are above 80, indicating an overbought condition. This suggests that the price has reached a relatively high level and a pullback or reversal may be likely. The price is likely to retrace back to around .66300.
From the Daily time frame, it is evident that the price is nearing a significant supply area. This suggests the possibility of a downward correction. We should observe whether the market will present us with a suitable trading setup.
Please note that the information presented on TradingView is sourced from a third-party provider. It is important to remember that you are solely responsible for making trading decisions for your account. Trading involves a very high level of risk. Any information or content provided is strictly for research, educational, and informational purposes and should not be considered as investment advice, consultation advice, or an investment strategy. The information provided is not customized to meet the investment requirements of any specific individual, and it does not take into account the investment objectives, financial situation, or needs of any recipient who may access it. This is not financial advice and we are not responsible for your losses that may occur following our analysis!!!
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A buy for the AUDUSDAfter an extended move down, we see price starting to correct.
From a SnD point of view price is testing the 4hrs and the 15mins weak swing point which i think will break taking price to the demand level at 0.66022. Notice also that we have a 1 month support level at 0.65958. (that should at least give us confidence of price reversing from the price point.
Currently we see price kind of starting to rise but i believe that move will not be sustained, I anticipate a resistance from the 50% Retracemennt from 52 wk High and even if that doesnt work the 50% retracement from 13 wk H/L might provide the resistance we need to push price down to our demand level.
Once price hits our demand level and grabs liquidity from the 1month low level, we need to see a confirmation signal for entry. Please use proper risk management, trading is risky and as always this is not a signal, it's just my analysis for the market and how I view it.
AUD USD LONGRisk 0.5%
TP1 = 1:2 RR
RISKY Trade as we are going aginst the trend.
Is willing to see how it turns out.
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Potential swing trade long on AUD/USD 1-hour chartAUD/USD pulled back for a second day on Monday thanks to weak data from China and rising geopolitical tensions as Russia have backed to of a key gain deal. Support was found around the weekly pivot point, RBA ‘pause’ high and 38.2% Fibonacci retracement level, and the subsequent rally suggests a swing low is in place.
The RBA minutes are due in ~2 hours, and we’d welcome any pullback towards 68c which could help improve the potential reward to risk ratio for longs. Of course, if the minutes are as dovish as hoped then AUD runs the risk of breaking beneath yesterday’s low and invalidating the near-term bullish bias.
But we suspect the minutes may be a little more hawkish than liked, which leaves the potential for it to pop higher. We have a target near the upper 1-day implied volatility band around 0.6850.
AUDUSD Analysis 24July2023If you see this, a double top can occur and the current price forms a bearish channel pattern. Added with Elliot Wave notation, the possibility that happens is in the A-B-C correction period. Find an opportunity for short when the price is corrected bullish approaching the trendline
AUDUSD long term forecastAUDUSD, in the long run, is going to be one hell of a ride
Why? You may ask, while things look pretty straightforward at the moment, price doesn't always go as planned. Especially when trading on the lower time frame. However, for those who utilize the H1, H4, and even daily timeframe, this should be a good wave to ride.
First post here, will be offering more as time goes on.
32,600 Jobs Added! Aussie Dollar Skyrockets!The Australian dollar has surged, driven by an impressive employment report that far exceeded expectations. In the month of June, Australia's net employment rose by a staggering 32,600 compared to the previous month, surpassing estimates by more than double.
This development propelled the Aussie currency up by over 0.9%, reaching an intra-day high of $0.6834. The New Zealand dollar also rode the wave, gaining 0.57% to reach $0.6299. Both Antipodean currencies are now poised to reverse the losses incurred over four consecutive trading sessions.
The current market sentiment favors the bulls, with both short and long-term momentum in their favor. Price action is trading above the 50 and 200-day moving averages, reinforcing the positive outlook for the Australian dollar.
Elsewhere in the currency market, the sterling is doing its best to counter deep losses following a sharp fall in the previous session. The decline was prompted by Britain's inflation data, which fell short of market expectations.
The British pound managed a modest recovery, trading 0.15% higher at $1.2958 in the latest session.
AUDUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD BUYHi, according to my analysis of the AUDUSD pair. There is a possibility of an uptrend with a retest of the price. Double button model. There is strong support in this area 0.65000. And this is just a corrective wave. to return to height. Good luck everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you