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Audusdidea

AUD/USD Technical analysis.Currently, AUD/USD is trading at 0.7308. The pair was traded in an upward trend for some time and now it is consolidating after rebounding back from resistance zone. The pair might start a new up trend if it breaks the 0.7330 level, but it can also consolidate further before breaking that price level. If the price starts a new up trend, then its target price will be at 0.7410. 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
Long
by rishililawat5
AudUsd SHORT more LikelyWhat we see is clear, Price making new LH and LL, we wait to break first support then we enter consolidation area which will make price to bounce in this area for a while more importantly we wait to confirm our position with bearish Patterns in lower TFs in each Scenario. Scenario 1 📉🟥 Scenario 2 📉🟥 Scenario 3 📈🟦 ‼️(Red Circles are the please to enter to each Scenario)‼️ Lets see which way price going to choose then we jump in to each scenario 👁👁 any question you can send message @FxShzd by Tlgrm or Instgrm GOOD LUCK Everyone
by FxShzd
AUDUSD - SHORTAUDUSD - we saw a test of the lows around 0.70 then bounced back up to 0.7133 . We are fast approaching the 0.7140 downward trend line and sell zone. We could head past the trend line in the short term with all the current swings we are experiencing and I will therefore sell another clip around 0.7175 if we get there. However, if we do manage to stay below the 0.7140 trend line and 0.7152 fibbo resistance, the pair could see further momentum to the downside. Fundamentally, this asset responds negatively to volatility and a risk off mood that we could experience towards the US election. The markets are pricing in a blue wave and USD extremely weak at the moment, I do believe this could change and we could see some risk off mood over the election causing downward pressure on this pair! Entry: 0.7133 TP: 0.6980.
Short
by WhosPipsAreTheseAnyway
AUDUSD Top-Down Analysis (Long then Short)Hello Traders, Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 45 - Nov 02 M > Price faced rejection at monthly resistance and dropped for correction, we expect correction to be near 0.382 Fib level on last bullish impulse. We saw a W formation and expected price to drop till the neck which price did to complete the formation. W > Price dropped till 0.618 Fib level on weekly bullish impulse for correction. We saw M formation and price moved up to test its neck and complete the formation. Price in fact moved beyond the neck. D > Price has dropped to test weekly support thrice now, however we can see loss of momentum odd Doji candle in between. Price is now testing support at demand zone. As per COT AUD saw closure of both Long and Short, improving net positions. AXY gained some lost position during the said week but dropped to test support level again last week. Any break further to the downside will be interesting opportunity to watch out for. 4H> We can see an M formation and also bullish divergence. We can expect price to rise up to gather liquidity before making an attempt a break to the downside. Pair Correlation > AUDUSD has positive correlation with AUDJPY, NZDJPY, Gold, Silver and AUDCHF and negative correlation with EURAUD. Thank You AP17FX
Long
by 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 44 - 26 Oct M > Price faced rejection at monthly resistance and dropped for correction, we expect correction to be near 0.382 Fib level on last bullish impulse. We saw a W formation and expected price to drop till the neck which price did to complete the formation, also hitting Target 1 as per our last analysis. Neck of W is on way to 0.382 level. W > Price dropped till 0.618 Fib level on weekly bullish impulse for correction. We saw M formation and price moved up to test its neck and complete the formation. Price in fact moved beyond the neck. D > Price dropped last week to test neck of W formation again and faced rejection. It created double bottom before moving upwards. On its way down price created an M formation and has completed it with last rejection to the upside. Price is currently on its way up to test daily supply zone, rejection at this level to the downside will create a H & S formation. As per COT AUD saw closure of more Short than Long positions, improving net positions. AXY weakened during the said week but gained some lost position last week. 4H> After rejection price is moving up creating HH and HL. Price is approaching daily supply zone and we expect price to move up before reversing for downward move. Pair Correlation > AUDUSD has positive correlation with AUDJPY, NZDJPY, AUDCAD, AUDCHF and Silver 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
Short
by AP17FX
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