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Audusdlong

AUD/USD key S/R levels, +160 Pips potentialHello traders, I hope you had great profits by selling AUD/USD last week. In my previous AUD/USD idea, I recommended selling AUDUSD@0.6620 zone, that call generated over 180 pips profit. Currently, AUD/USD has bounced off the support zone by almost 30 pips. This makes me wonder, if there is a potential long entry here. So, if the support level that I had indicated in my chart holds, I would recommend traders to buy AUDUSD@0.6450-0.6475 with stop loss below the support zone and TPs at 0.6542 and 0.6642.
Long
by KaltoireCapital
5
AUDUSD to continue in the upward move?AUDUSD - 24h expiry Price action looks to be forming a bottom. The sequence for trading is higher highs and lows. The 50% Fibonacci retracement is located at 0.6600 from 0.6560 to 0.6645. Setbacks should be limited to yesterday's low. Dip buying offers good risk/reward. We look to Buy at 0.6600 (stop at 0.6575) Our profit targets will be 0.6665 and 0.6680 Resistance: 0.6650 / 0.6675 / 0.6700 Support: 0.6600 / 0.6575 / 0.6550 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
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 I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
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
Long
by PropSignals
AUD/USD 0.66400 zone rejecting or not?(4/5/2024)In our last analysis, we had anticipated the AUD/USD would drop but after the ISM PMI result, the market turned the table and told us that the price has more corrections to do. in this case, we expect an ABCDE diagonal triangle pattern to be completed by price. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
by fortunamarkets
AUDUSD LONG (345 PIPD ) READ DESCRIPTIONThe analysis for AUD/USD suggests that the currency pair is currently at a significant daily support and demand zone, ranging from 0.64840 to 0.65170. This zone is crucial as it represents an area where significant buying interest has historically emerged, indicating strong demand for the Australian dollar. Big players and investors have shown keen interest in long entries within this zone, with the total net position of longs standing at 81% compared to 19% shorts. Last week alone witnessed a substantial influx of 45,600 long entries, further highlighting the bullish sentiment surrounding AUD/USD. From a technical standpoint, AUD/USD exhibits low volatility, with an Average True Range (ATR) of 0 and a total intraday range of 148.5%. Despite the lack of significant price movement, the currency pair remains within the identified support and demand zone, reinforcing its importance in guiding market sentiment. Our proposed trade strategy involves setting a small 40-pip stop loss to mitigate potential losses. With a target of 345.4 pips and a profit potential of 5.39%, the risk-to-reward ratio stands at a favorable 6.86. This implies that the potential reward outweighs the risk by a significant margin. Additionally, two target prices are set to capture potential profits at different levels, providing flexibility in managing the trade. As with any trading endeavor, it's essential to always manage risk diligently. Traders should adhere to their risk management strategies and adjust position sizes accordingly to protect their capital. Furthermore, open communication is encouraged to address any confusion or uncertainties that may arise during the trading process. In summary, the analysis suggests a bullish outlook for AUD/USD, supported by the presence of a significant daily support and demand zone and favorable investor sentiment. By implementing a well-defined trading strategy and managing risk effectively, traders aim to capitalize on potential price movements while safeguarding their investments.
Long
by MOAZAM1133
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. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
1
AUDUSD: AUDUSD prediction todayIn Australia, the Reserve Bank of Australia (RBA) is predicted to preserve hobby prices at its personal coverage assembly today, with nearby banks predicting no fee modifications till at the least overdue August. Carl Ang from MFS Investment Management commented that strong and guiding coverage prices are predicted amid excessive uncertainty, with a clearer inflation outlook wished earlier than any symptoms and symptoms of dovishness or fee cuts Which fee? The Australian greenback observed a few guide early withinside the week from fantastic China records however remained beneath a two-month excessive of $0.6667 reached in early March on a robust US greenback move up. The New Zealand greenback additionally fell, buying and selling at $0.6079. The euro rose barely 0.02% to $1.08735 and the British pound fell 0.05% to $1.2723. The greenback`s restoration became fueled with the aid of using current US monetary records displaying continual inflation, inflicting traders to re-evaluate their expectancies approximately the Fed's direction to hobby fee cuts. The Fed's upcoming coverage choice this week is likewise in focus, with markets searching out symptoms and symptoms of whilst the crucial financial institution may begin slicing hobby prices. Goldman Sachs leader economist David Mericle has adjusted their forecast, now projecting 3 fee cuts with the aid of using 2024, down from four. The greenback index, which tracks the dollar towards a basket of currencies, rose 0.02% to 103.60, after hitting a two-week excessive of 103.sixty five withinside the preceding session.
Long
by Chart_MasterPro
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.
Long
by forex_info
AUDUSD LONGAUD/USD (Australian Dollar - US Dollar) is one of the most frequently-traded currency pairs in the world. The AUD/USD rate, as shown in the real-time price chart, tells traders how many US Dollars are needed to buy a single Australian Dollar. Follow the AUD/USD live with the interactive chart and read the latest forecast and AUD/USD news to boost your technical and fundamental analysis when trading this pair. Australian Dollar extends losses after stronger US PPI data. Australia's S&P/ASX 200 Index tracks losses on Wall Street overnight. People's Bank of China has maintained the 1-year MLF rate at 2.5%. US Dollar strengthened as the Fed is expected to prolong its higher interest rates. The Australian Dollar traded near 0.6570 on Friday. Immediate support is seen around the 50.0% retracement level of 0.6555, which aligns with the major support at 0.6550. A breach below this level could exert downward pressure on the AUD/USD pair, with potential support at the 61.8% Fibonacci retracement level of 0.6528, followed by the psychological level of 0.6500. On the upside, the AUD/USD pair may encounter a barrier around the nine-day Exponential Moving Average (EMA) at 0.6583, preceding the psychological barrier at 0.6600. A breakthrough above this level could lead the pair to revisit the weekly high of 0.6638, followed by the major level of 0.6650.
Long
by Mark804