AudUsd should drop to at least 0.75Aud was one of the strongest currencies in the last semester of 2020 with AudUsd rising around 13% from 0.7 to 0.78, which is enormous for a major Forex pair.
Now the pair is hovering under this 0.78 and seems that it found a top.
A spike above 0.78 and a stop hunt above this level is not out of the question but in the medium term, Aussie should dive to at least 0.75.
Prices above 0.78 should be sold in my opinion
Audusdidea
AUD/USD OUTLOOKTechnical Overview: - AUD/USD
What can I say about this pair.. it’s seems like it has not had enough of bullishness. You can’t blame it tho, with Australia being the #1 gold producer AUD reaps most of the benefit. It’s a small correlation between the two and both are bullish at the moment and both want more. Waiting for a pullback anywhere into our bank level around .76500 or .76000
Fundamental Overview: - DXY is gaining bullish momentum because of recent high impact NFP news and unemployment change rate.
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
AUD USD may go long According to my analysis. (6th Dec 2020)Disclaimer:- Educational Analysis says Aud Usd may go long according to my technicals.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why long?
Because the 4 hr trendline(pink line) is been respected twice and the next resistance level is at 0.76635 dated 5th June 2018.
For Additional Confirmation on this trade. you may go for 15 min there will be (Blackline) which was tested and respected two times, plus there is the formation of an ascending triangle which may breakout soon and the pitchfork tool may help you to this analysis in a more disciplined way.
AUDUSD - wait false break outFar level retest.
The price is returned for the retest level the previous touch of the level more than 1 month ago. Moreover, a strict number of false breakdowns.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
AUD/USD is Going To Hit The Support Soon.If you see AUD/USD on the daily timeframe, it's an uptrend. Here is the 15m chart of the AUD/USD, and it's moving upside with the fluctuations in the trend. It will fall to the following levels 0.7640 - 07630 - 0.7625 , and then it will take a reversal from the support. And after that, it will rise to the support level, and the targets are following 0.7635 - 0.7650 - 0.7670 - 0.7679 .
But if AUD/USD does not take reversal from the support and starts to fall by breaking the support( 0.7627 ), then the trend will hit the following levels 0.7610 - 0.7600 - 0.7580 .
AUDUSD - Weekly Daily Trade IdeaPossible for Long Short from the FO/ Supply Zone. Pair analyzed based on Weekly->Daily timeframe.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
AUDUSD 210 Pips bounce was expected will it break 0.76000 levelAUDUSD
*********
⏳1 Hour chart
🎲 Swing trade
⛳️Bullish entry/Alternative bearish entry
—————-❇️——————-
Detailed analysis 💬
1️⃣ Parabolic move in AUDUSD
2️⃣ Strong break of 0.75000 level
3️⃣ Positive risk sentiment, Vaccine news, Selling off USD
4️⃣ 0.74500 50% Fibonacci Dynamic support and resistance
5️⃣ 0.75200 78.6% Fibonacci Dynamic support and resistance
6️⃣ 0.74300Point of control - Volume profile
7️⃣ Technical support - Bullish
8️⃣ 0.76500 will acted as key reversal-bearish
9️⃣ Series of HH,HL,HH,HL patterns
🔟 Possible swing target-0.80000
#️⃣ Overall long-term trend- Bullish
—————-❇️——————-
📉 Technical bias-Day-Bullish
Price is above 50,100,200 Exponential moving average
50 Exponential moving average will act as support-Bullish
Ichimoku cloud -cloud is still green-Price is well above the cloud
Bollinger band- Price reached around the middle side of the band-Short term bearish correction towards middle band was expected-Inclined towards parabolic structure
Relative strength index - Around 50 - Bullish rebound was expected
MACD -Histogram is still in red zone, Oscillators are about to cross
Stochastic - Reached around 25- oversold condition will give a medium term pull back was expected
—————-✳️——————-
Key reversal area's
0.75000 psychological level
0.74300 Point of control area Volume analysis
0.76000 Topside resistance
76.200 Break and retest area
0.80000 Major psychological level
0.75200 Possible entry- Bull
0.74860 Recent support level/Strong support level
—————-✳️——————-
Bullish entry #aussiedollar #greenbeck #audusd
Entry price - 0.75200
Take profit 01 - 0.76100
Take profit 02 - 0.77300
🚫 Stop lose 0.74700
⬆️ 2.79 Growth expected
⤴️ Account growth .66: 2.79
✅ Risk reward ratio 1 : 4.2
—————-⚜️——————-
Push the like button , And cheer up if you found useful
AUDUSD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 50 - Dec 07
M > Price faced rejection at monthly resistance and dropped for correction, we expected correction to be near 0.382 Fib level on last monthly bullish impulse however price dropped till monthly resistance now turned support and moved to the upside. Price returned back to test monthly resistance again last week.
W > Price dropped till 0.618 Fib level on weekly bullish impulse for correction. Price has dropped to test this level 5 times since September but unable to break it. We can see bearish divergence and expect price to drop. We also see two W formations and expect, in long term, price to drop to test their neck to complete the formation.
D > Price moved up making HH and HL and ended last week with a rejection candle but this candle is not good enough to confirm bearish reversal. We will wait for price to make a LL for a bearish confirmation.
As per COT AUD closed major Long and and few Short, reducing net positions (now in -ve). However N-R added Long and closed Short, slightly improving cumulative net position. We have seen closure of Long and addition of Short in last couple of months, making net positions move from 16K to -11K. AXY strengthened to test monthly resistance again during the said period and it further strengthened last week. AXY is testing Aug 2018 level now and we can expect some short term correction as strong bearish divergence can be seen.
4H> After HH price has made a LH however it needs to break the last HL to make a LL for bearish confirmation.
Pair Correlation > AUDUSD has positive correlation with NZDJPY, NZDUSD, AUDJPY, GBPUSD, NZDCHF and AUDCHF and negative correlation with GBPNZD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions.
Thank You
AP17FX
AUDUSD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 49 - Dec 01
M > Price faced rejection at monthly resistance and dropped for correction, we expected correction to be near 0.382 Fib level on last monthly bullish impulse however price dropped till monthly resistance now turned supported and moved to the upside. Price returned back to test monthly resistance last week. We can expect a rejection to the downside.
W > Price dropped till 0.618 Fib level on weekly bullish impulse for correction. Price has dropped to test this level 5 times since September but unable to break it. We can see bearish divergence.
D > Price moved up making HH and HL and we have a strong supply zone now turned as demand zone between 0.7300 and 0.7285 which can pause price in its downward move. We can see a W formation and its neck can be our first bearish target if price breaks the 0.7285 level to the downside. Neck of W also coincides with 0.618 Fib level on last weekly bullish impulse.
As per COT AUD saw addition of both Long and Short, improving net positions (now in -ve). We have seen closure of Long and addition of Short in last couple of months, making net positions move from 16K to -05K. AXY ended in a Doji during the said period but strengthened to test monthly resistance again last week, we can expect AXY to weaken this week.
4H> We can see rejection to the downside with price creating a LL and LH, creation of next LL will confirm trend reversal to bearish.
Pair Correlation > AUDUSD has positive correlation with NZDJPY, NZDUSD, AUDJPY, AUDCHF and NZDCHF and negative correlation with EURAUD and EURNZD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions.
Thank You
AP17FX
AUDUSD long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
AudUsd- 0.75 is still my targetA few days ago I've spoken about the tight consolidation that AudUsd is trading in and the fact that the probabilities are for an upbreak.
Now the pair is trading around 0.7350 and we have this upbreak.
With USD against the ropes, I expect the rise to continue and Aussie can go to 0.75 in the next trading sessions.
I will remain bullish as long as the pair is staying above 0.73 on the daily close basis
AUD/USD New Up Trend started.Currently, AUD/USD is trading at 0.7356. The pair is trading at its 2 Months high and can touch its resistance zone soon. As the price has just breached its resistance level at 0.7340 and started a new up trend. The entry price was at 0.7340 and it can again come back to its entry price. Its target price is at 0.7409 and stop loss price is at 0.7300.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
AUDUSD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 48 - Nov 23
M > Price faced rejection at monthly resistance and dropped for correction, we expected correction to be near 0.382 Fib level on last monthly bullish impulse however price dropped till monthly resistance now turned supported and moved to the upside.
W > Price dropped till 0.618 Fib level on weekly bullish impulse for correction. Price has dropped and tested this level 5 times since September but unable to break it.
D > Price has faced rejection at weekly resistance level and we can expect a drop. We can see a W formation and its neck can be our first target.
As per COT AUD saw further closure of Long and closure of Short, reducing net positions (now in -ve). We can see closure of Long and addition of Short in last couple of months, making net positions move from 16K to -08K. AXY weakened during the said period but recovered slightly last week.
4H> We can see trend reversal to bearish with price creating LH and LL and it has now returned back to test previous resistance as support.
Pair Correlation > AUDUSD has positive correlation with AUDJPY, AUDCHF and NZDJPY and negative correlation with EURAUD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions.
Thank You
AP17FX
AudUsd can make a run to 0.75AudUsd is consolidating in a very tight range for two weeks now. The pair is very well bided and every drop under 0.73 is bought by bulls.
I believe we will assist on upbreak for this pair and 0.75 seems reachable till year's end.
Buy dips under 0.73 is my strategy for this pair