AudUsd to resume its up move?Two weeks ago, AUD/USD reached a significant support zone at 0.65. Following a slight rebound from this zone, the pair entered a consolidation phase throughout last week. The overall bullish trend that began in late October remains intact, suggesting that the pair may continue its upward movement.
My bullish stance persists as long as the 0.65 support level holds, with the possibility of a retest of the 0.69 high in the medium term.
Audusdsignal
AUDUSD: Fed and BoE interest rate decisions, economic data and UEconomic calendar with market-impacting events including the latest Fed and BoE monetary policy decisions, US NFP reports, German and Eurozone fourth-quarter growth, manufacturing PMIs and Chinese services, German and Euro zone inflation data.
In addition to the economic calendar, a series of major US technology companies will announce their latest fourth quarter business results. On Tuesday, Alphabet (GOOG) and the world's largest company Microsoft (MSFT) will release financial reports, while on Thursday, Amazon (AMZN), Apple (APPL) and Meta Platform (META) will release financial reports. Announce earnings after the market closes.
The US stock market continues to set new records as investors remain determined to take risks. The upcoming earnings announcement of the "Magnificent 7" will weigh on the indexes due to the large proportion of these businesses and put the market at risk. Last week Tesla (TSLA) disappointed the market and fell about 12% following their earnings release.
AUDUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity AUDUSD
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audusd buy signal. Don't forget about stop-loss.
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AUDUSD:05/10/2023 UPDATE!!Dear Traders,
Hope everyone doing excellent this week, we have an excellent opportunity of buying AUDUSD. Please keep in the mind that, price will ultimately depends on NFP data that will be out tomorrow afternoon. DXY is extremely bullish and that is why we have two area where we can exit the trade.
DeGRAM | AUDUSD is near the psychological levelAUDUSD is trading near the psychological level at 0.66000. The market made a pullback in the form of an ascending channel.
The price is in a bearish trend, and most likely it will continue going down, breaking the ascending channel.
The market created the bearish harmonic pattern, which is extra confirmation at the resistance level.
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AUDUSD: The foreign exchange market is quiet, the USD is stable Most Asian currencies remained weak on Wednesday, with the dollar hovering near a six-week high as markets awaited further signals on when the Federal Reserve would start cutting interest rates. The Australian dollar weakened by 0.1%, although January's PMI data showed improvement in manufacturing and services activity. The Australian dollar, which is often used as an indicator of overall Asian markets' risk appetite, is also trading near seven-week lows. The US dollar has stabilized near six-week highs as the economy continues to grow. Data, Fed meeting underway
The dollar index and dollar index futures each fell 0.1% in Asian trade, after rising earlier to their highest since early December. The dollar got off to a strong start to 2024, with solid inflation and jobs data showing traders' expectations that a Fed rate cut was imminent have largely dissipated.
That perception was further exacerbated by a series of hawkish comments from Fed officials last week.
The focus now shifts to fourth-quarter gross domestic product (GDP) data scheduled for release on Thursday and data on the PCE price index, the Fed's preferred inflation measure, scheduled for release on Friday. Signs of a recovery in economic growth and inflation would give the Fed more incentive to keep interest rates high for longer periods of time.
The reading also came days before the Fed's first meeting in 2024, when the Fed is widely expected to keep interest rates at a 23-year high. However, the Fed is still expected to start cutting rates before the end of the year, and traders will be watching for any such signals from the meeting.
AUD/USD Trade alert: Strong USD vs RBA's rate decisionAUD/USD Trade alert: Strong USD vs RBA's rate decision
Talk of a US$278 billion (1 trillion yuan) rescue package for Chinese shares might not be enough to support AUD/USD.
Countering this positive signal for the AUD is general US dollar strength, caused by a shift in the market regarding the likelihood of a March rate cut. At the turn of the year, it was priced above 80% probability, but that's now fallen to 42%.
On the daily chart, we can see the AUD/USD testing on the key support zone at 0.6550 with some consolidation just above this level before the next move.
Looking a little further ahead, AUD might find the upwards momentum it needs with Australia's inflation rate data released on January 30 next week, followed closely by the Reserve Bank of Australia's interest rate decision on February 5.
The inflation figure is the last major report the RBA will have to consider before it meets next week for its first interest rate decision of 2024. Will they keep their rate unchanged on February 5 or surprise the market with another 25-basis-points hike and give a pop to the AUD/USD?
AUDUSD H1 / BULLISH CHANNEL GOING AFTER FVG / LONG ENTRY ✅💲Hello Traders!
This is my idea related to AUDUSD H1. I see a very nice bullish structure, and I expect a rise until the first FVG as a first target. It represents a good opportunity to execute a long trade.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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AUDUSD: The dollar is on track for another weekly gain amid econThe dollar has trended higher for the second consecutive week, supported by a strong domestic economy and the central bank's cautious stance on interest rate cuts. The dollar index, which measures the currency against a basket of six major rivals, rose 0.9% this week to 103.4. The dollar has appreciated about 5% against the yen this year, and the exchange rate currently stands at 148.12 yen.
Risk sentiment-sensitive Australian and New Zealand dollars rose 1.7% and 2%, respectively, and are poised for their biggest weekly gains since November and June. ,beginning%. The probability that the US will cut interest rates in March has decreased, with market odds falling to 57% from 75% the previous week. The change in expectations follows strong U.S. jobs data, with jobless claims at their lowest level in about a year and a half, putting pressure on the market to cut back. Interest fee. The two-year Treasury yield, which reflects expectations for short-term interest rates, rose 22 basis points to 4.35%.
AUDUSD I Trade update I Potential long from bottom of channelWelcome back! Let me know your thoughts in the comments!
** AUDUSD Analysis - Listen to video!
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AUDUSD: Asian foreign exchange dropped, USD recovered waiting foMost Asian currencies fell on Tuesday, while the dollar rose as traders largely remained risk-averse ahead of further signals on when the Federal Reserve may begin cutting interest rates.
The dollar index and dollar index futures rose 0.5% and 0.3%, respectively, during the Asian session on Tuesday. The dollar index is also trading at a small premium to futures, suggesting short-term demand for the greenback is growing.
Traders are now awaiting further signals on the Fed and the US economy, with Fed Governor Christopher Waller due to speak later on Tuesday.
On Wednesday, US retail sales and industrial production figures are expected to provide more clues on the world's largest economy, with any signs of cooling allowing for more bets on growth. cut interest rates soon.
However, the market appears to have moderated bets that the Fed will begin cutting interest rates as soon as March 2024, according to Fed policy tracker CME
AUDUSD I Pullback, continuation, and long from supportWelcome back! Let me know your thoughts in the comments!
** AUDUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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New Trade: AUDUSD - Long PositionNew Trade: AUDUSD Long Position
Entry: 0.6680
Take Profit: 0.6870, 0.6800, 0.7500
Stop Loss: 0.6645
Technical Rationale:
Entered a long position on AUDUSD based on sustained trading above the 200 EMA, indicating a robust bullish sentiment. Additionally, a retracement to the "golden zone" in Fibonacci levels supports the potential for an upward move.
Current Position Status:
Despite a temporary drawdown near the Stop Loss, the position is active, presenting an entry opportunity for interested traders.
Market Analysis:
Market conditions favour the ongoing bullish outlook, with the price consistently above the 200 EMA and a favorable Fibonacci retracement.
Trade Strategy:
Strategically placed Take Profit options at 0.6870, 0.6800, and 0.7500 reflect anticipation of various potential upward moves. Stop Loss at 0.6645 serves as risk management.
Conclusion:
The AUDUSD long position is supported by technical factors, and despite initial challenges, the position remains active. Market conditions may offer an entry opportunity.
Disclaimer:
Trading involves risk, and past performance is not indicative of future results. Conduct thorough analysis and exercise due diligence.
AUDUSD: Asian foreign exchange markets fall, USD rises ahead of The Australian dollar was among the few exceptions on the day, rising 0.3% as data showed CPI inflation eased in November, but remained well above the Reserve Bank's 3% target of 2%. annual. Core inflation also remains high amid high food and service prices.
The dollar index and dollar index futures were mildly mixed during the Asian session on Wednesday, after seeing a sharp increase in overnight trading.
The main focus remains on the upcoming US CPI data is expected to show a slight increase in inflation in December. But difficult inflation, along with recent signs of strength in the labor market, gives the Fed more room to keep interest rates higher for longer periods of time.
While the central bank is expected to cut interest rates this year, the market is increasingly skeptical about whether a rate cut will come as soon as March 2024.
Fed officials also resisted betting on an early rate cut, as inflation is expected to remain well above the Fed's 2% annual target in the near term.
AUDUSD still higher from recent support level {08/jan/2024}Educational Analysis says AUDUSD may move in this range for some time according to my technical.
Broker - Pepperstone
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because AudUsd has already been in an Uptrend since last Month, And basically will go higher from the demand level.
Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
Divergent Inflation Paths: AUDUSD Set for Bearish MovementAnalysis for AUDUSD: Bearish Outlook
1. U.S. Inflation Trends:
- Recent Data: The U.S. Consumer Price Index (CPI) showed an increase of 3.4% year-over-year in December, the highest in three months. This rise was more than expected, indicating a continued inflationary pressure.
- Core Inflation: Core inflation, which excludes volatile items like food and energy, remains firm. Notable increases were seen in used cars, apparel, housing, and car insurance costs.
- Federal Reserve's Challenge: The Fed faces a difficult path in achieving its 2% inflation target. The recent data suggests that the decline in goods and energy prices is slowing, while inflation in housing and services remains high.
2. Impact on AUDUSD:
- Rising U.S. Inflation: Higher inflation typically leads to expectations of tighter monetary policy from the Fed. This could result in a stronger USD as interest rates may rise to combat inflation.
- Market Response: The release of the inflation data led to a fall in the S&P 500 and fluctuations in Treasuries, reflecting market uncertainty.
3. Comparison with Australian Economy:
- Australian Inflation: The Australian economy is reportedly experiencing a decrease in inflation, moving towards stabilization. This contrasts with the U.S. situation, where inflation remains a concern.
- Economic Stability: Greater stability in the Australian economy, compared to the ongoing inflationary challenges in the U.S., might typically favor the AUD. However, the current global economic environment appears to favor the USD.
4. Global and Political Factors:
- Global Risks: Rising shipping costs and potential escalations in the Middle East could impact global inflation trends, potentially affecting currency markets.
- U.S. Political Climate: Inflation continues to be a significant issue in U.S. politics, affecting public opinion and potentially influencing economic policy.
5. Technical Analysis:
- Technical Indicators: Traders should look for technical confirmation of a bearish trend, such as resistance levels, moving averages, and RSI indicators.
- Price Action: Watch for bearish patterns or breaks below key support levels in AUDUSD.
Conclusion:
Given the higher inflation rates in the U.S. and the expectation of continued Fed intervention to control inflation, there is a potential for a stronger USD against the AUD. However, traders should continuously monitor evolving economic data and geopolitical events that could influence market sentiment and currency values. Technical analysis should be used to validate any trading decisions in the context of current market conditions.
AUDUSD 4 hour timeframeAUDUSD still inside a strong channel up, and failed to break fibonacci support.
we can follow bullish movement, as long as this channel up not broken.
Bullish target at 0.69289 with maximum target at 0.70013
Best stoploss for this setup below previous Higher low around 0.66312
Good luck
AUDUSD Technical Analysis and Trade IdeaThe AUDUSD has encountered a significant resistance level following its recent bullish run. This video offers a concise analysis of the trend, market structure, and price action, exploring a potential trade setup. We emphasize that this content is for informational purposes only and does not constitute financial advice.