AUDUSD LONG - Buy Entry - H4 ChartAUDUSD LONG - Buy Entry - H4 Chart
Buy @ Break of 0.72114
Symbol: AUDUSD
Timeframe: H4
Type: BUY
Entry Price: Buy @ Break of 0.72114
Resistance Becomes Support @ 0.72114
TP - Resistance @ 0.72961
TP - Resistance @ 0.73220
Support @ 0.71653
Audusdbuy
Is it risk on for the AUDUSD? Is it risk on for the Aussie dollar? Russia launched a full scale attack on Ukraine this week and this caused a short dip in the market before a strong reversal, bringing up the prices of risk on asset classes across the board. Are we going to see a continuation of trend for the audusd or will there be a deeper correction?
BULL CASE
Price makes one more push up to 0.7350 where it meets stronger resistance.
BEAR CASE
Price breaks down from here and finds some support at around 0.695 area.
We are slightly bias to the upside. If price breaks the stronger resistance, we will be looking at a sustained move to the upside and a larger long term consolidation range.
Break of consolidation structure coming for AUDUSDThe aussie dollar traded in a sideways action this weak, consolidating upwards from it's downward trend. Shorts that have got in this week would have given up and it looks like the move on the last day of the week signals a stronger break to the downside. This push to the downside will likely find some support around the 0.69 levels before the market decides what to do. From a macro perspective, a long and rough ride to 0.675 is what I will be expecting to see. If you are able to get in for a short this week, this level is good for an entry and your stop loss should be safe by placing it on 0.723.
Clear downside for AUDUSD.The aussie dollar broke down this week after a fake out to the upside. We can expect to see more downside to come this week. You can either enter a short at these levels at market open next week or wait for a pullback to short it. The pullback should retest 0.715 and breakdown from there. Our full target will be 0.675 and the timeframe for this to happen within is March 15 to 16. Once the rates kick in, I expect to see a full on recovery of risk on.
AUD/USD Made Inverted Head And Shoulders , But Still Not Ready ?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Dump underway for the AUDUSDThe aussie dollar has started its descend this week. I'm expecting to see more downside to come. A short upward consolidation may play out to test 0.71 and we are targeting 0.675. The macro env is pretty much clear as the jobs reports turn out better than expected. The fed should be fully committed to curbing inflation, this will be short term bearish for the pair to give us our target.
AUD/USD Full Analysis , 2 New Long Setups After Confirmation !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUDUSD Daily ForecastAUD/USD extends corrective pullback from 18-month lows, pre-RBA optimism buoys Aussie
AUD/USD recovery lacks traction. Major trend remains bearish.
Break above 5-DMA could see some upside. Breakout above daily cloud will change near-term dynamics.
Technical Analysis:
AUD/USD trades well below daily cloud and major moving averages
Momentum is strongly bearish and volatility is high
Price action is consolidating break below 200-week MA
MACD and ADX support weakness in the pair
DISCLAIMER: ((trade based on your own decision ))
Trading Idea Regarding AUDUSDAccording to my analysis this currency pair is adopting bullish behavior for the upcoming week
1-Break The Downtrend line and fallowing the key levels while holding uptrend line
2-Moving in Parallel Channel Chart Pattern
3-Breakout 38.2 Fibo level retest it and now it is heading for the supply area indicating its further move towards bottom of the channel and uptrend line before bullish move
AudUsd- new rise coming?Since the December 0.7 low, AudUsd has started to rise with the price action well contained in an ascending channel.
On Fiday the pair has dropped hard, just to find bids in 0.72 zone, a zone markek by a confluence of horizontal and trend line support
I'm bullish as long as this support hold and we can see 0.73 figure pretty soon