correctionIt is expected that after some fluctuation, a trend change will be formed and we will see the beginning of the downward trend.
Then, according to the behavior of the price in the support range, possible scenarios have been determined
AUDUSD trade ideas
SHORT AUDUSD- Price breaking zone and reacted with bearish structure
-looking to mirror move to the left and take out lower lows
AUDUSD WILL GO BUY AUDUSD broke the key horizontal level of 0.6640
which is now a suupport and is now going down to make a Retest after which we will be Expecting a fruther move up long.
AUD_USD WILL GO UP|LONG|
✅AUD_USD broke the key
Horizontal level of 0.6640
Which is now a support and
Is now going down to make a
Retest after which we will be
Expecting a further move up
LONG🚀
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AUDUSD getting ready for a potential reversalThere's a pretty clear Ending diagonal pattern being created at the AUDUSD pair.
Savest way to take a long entry would be at the breakout of the channel.
Stoploss should be placed below the apex.
That would be a 2000+ pips trade.
Happy trading!
AUDUSD buying Trading IdeaHello Traders
In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET
today AUDUSD analysis 👆
🟢This Chart includes_ (AUDUSD market update)
🟢What is The Next Opportunity onAUDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
AUDUSD next possible moveWe are waiting for our asset to reach our action zone, and based on the reaction, we’ll decide on our next moves.ALWAYS WAIT FOR A CONFIRMATION TO SEE IF THE PRICE VALIDATES THE ZONE.
AUDUSD H1 -AUD Strongest Currency Against USD Weakest=UpTrend(2)This indicates which currencies are GAINING value and which currencies are LOSING value.
As a result, we see which pairs to trade.
By trading the currency gaining the most value against the currency losing the most value = We aspire to ride the strongest trends, obtain the highest performance, be in the safest trades and to avoid the choppy chaotic charts.
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This layout displays the Value, Performance and Pressure behind each currency.
Let's break it down by panel.
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In the top panel: Indicator 'Currencies' / Settings: Performance All 8 Currencies.
We see the performance of all 8 major currencies.
Most recent bars:
AUD (Orange line) is the strongest currency.
USD (Red line) is the weakest currency.
So, we bought the AUDUSD pair because both currencies are going opposite ways (AUD going up / USD going down).
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In the second panel: Indicator 'Currencies' / Settings: Pair Performance.
We see the Performance of the 2 currencies of the pair on chart.
The AUD (Orange line) and the USD (Red line) + the Pressure of the Pair in the background.
The brighter the color in background = The higher is the performance for the pair on chart.
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In the 3rd panel: Indicator: The 'Template'. (Over 10 years in R&D to paint the chart perfectly.)
Resistance was broken and retested. Resistance became support.
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In the 4th panel: Indicator 'Currencies' / Settings: Pressure.
We see the Pressure behind each currencies of the pair on chart.
The Higher is the line = More Upside pressure.
The Lower is the line = More Downside pressure.
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5th panel: Indicator 'Currencies' / Settings: Value of the Base currency (AUD).
Displays the Value of the AUD + Intensity Background (Up/Down)
6th panel: Indicator 'Currencies' / Settings: Value of the Quote currency (USD).
Displays the Value of the USD + Intensity Background (Up/Down)
Strategy for 5th and 6th panels:
Blue Background (One Currency Gaining Value)
AGAINST
Red Background (One Currency Losing Value)
= Pair Trending.
(If you want to learn more about this, we have recorded a video. Comment 'Video'.)
Pick of the Currency Outbreaks AUDUSD. More bulls ahead.
This is the Daily chart of AUDUSD. It's up well over 1% today.
It looks to have strength continuing to the upside due to a change in momentum favouring the Aussie.
You can see in the chart of daily how the 200ema has turned in favour of the Aussie.
I would be looking for a pullback to this 200ema which is about 0.6652 to 0.6655 to offer a wider zone of buying.
If you look ahead on the Daily, you will see a huge head n shoulders bullish setup which the bulls will be chasing.
I wrote a month or 2 ago how I expected the Aussie to breakout, but the USD has also returned to strength.
We also saw AUD perform very strongly against a basket of of other currency's in the Asian session earlier.
AUDUSDLong on AUDUSD because
Break on HH
Divergence on 4H
Rejected From FIB
Rejected from support and Resistance is Broken
AUD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/USD is making a bullish rebound on the 1H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.658 level.
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AUD/USD Potential Bearish Reversal from Resistance ZoneAnalysis Summary
Resistance Zone and Strong High: The price has reached a resistance zone around 0.6630, with a strong high marked near 0.6629. This area could provide selling pressure, setting up a potential bearish reversal if the price fails to break above this level.
Change of Character (CHoCH): Multiple CHoCH signals on the chart indicate shifts in market sentiment. The recent CHoCH near the current price aligns with the resistance zone, suggesting the possibility of a reversal if sellers step in.
Support Levels: Key support levels are noted at 0.6611, 0.6584, and 0.6546. These zones may act as targets if the price reverses, providing potential buying interest on the way down.
Weak Low: The weak low near 0.6546 could serve as a downside target if bearish momentum intensifies, signaling a continuation of the bearish trend upon a break of this level.
RSI and MACD Signals:
The RSI shows a bearish divergence, suggesting overbought conditions, which supports the case for a reversal from the resistance zone.
The MACD also indicates a potential bearish shift, as it appears to be flattening out, signaling a decrease in bullish momentum.
Potential Scenarios:
Bearish Reversal from Resistance Zone: If the price is rejected at the 0.6630 resistance zone, it could initiate a bearish move toward the support levels at 0.6611, 0.6584, and potentially 0.6546, with the RSI and MACD supporting a downside move.
Breakout Scenario: If buyers push through the resistance at 0.6630 and the price sustains above it, this could invalidate the bearish setup, signaling a potential bullish continuation.
Conclusion
AUD/USD is facing a significant resistance at 0.6630, where a bearish reversal could unfold, supported by the RSI and MACD indicating overbought conditions. Traders may look for short opportunities around this level, targeting support zones below. Monitoring price action near the resistance zone and RSI/MACD behavior will be key for confirming the next move.
AUD/USD Maintains Strength Amid Positive Economic IndicatorsThe Australian Dollar (AUD/USD) continues to trade at elevated levels after experiencing notable gains in the previous session, predominantly fueled by the release of encouraging Purchasing Managers Index (PMI) data on Tuesday. This uptick in the currency reflects an optimistic outlook on Australia’s manufacturing and service sectors, bolstered by better-than-expected economic performance.
In a significant policy decision, the Reserve Bank of Australia (RBA) has opted to maintain the Official Cash Rate (OCR) at 4.35%. This decision marks the eighth consecutive month in which the RBA has paused its rate adjustments, signaling a careful approach as the central bank navigates the complexities of the current economic landscape. Analysts speculate that the RBA is likely to hold the current rates in its upcoming policy meeting, aiming for stability amid evolving economic conditions.
From a technical analysis perspective, recent price movements have indicated a rebound from key demand zones in the market, suggesting a potential shift toward a new bullish trend. Traders are paying close attention to seasonal patterns and the Commitment of Traders (COT) report, which reveals that retail investors continue to push for lower prices. This behavior often provides valuable insights into market sentiment and could indicate that a reversal may be on the horizon.
The confluence of improved economic indicators, steady monetary policy, and technical analysis suggesting a bullish trend makes the AUD/USD an asset worth watching. As investors remain alert to shifts in economic data and global market conditions, the Australian Dollar could present opportunities for those looking to capitalize on potential upward momentum in the near term.
In summary, the outlook for the Australian Dollar remains robust as it navigates through strong economic signals and a stable policy environment. Market participants are keenly observing developments in both the macroeconomic landscape and technical formations, which could shape trading strategies in the weeks to come.
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AUD/USD Analysis – 31 October 2024Following yesterday's U.S. elections, AUD/USD reached new monthly lows, touching 0.65132 after an extended bearish trend. On the 4-hour timeframe, the pair has formed a double-bottom pattern, a potential reversal signal, indicating that bullish momentum may be building.
Given the current political landscape post-election, the USD could experience fluctuations as markets digest potential shifts in U.S. fiscal policy. This environment could create an opening for AUD/USD to pivot upward. With the technical setup and supportive conditions, AUD/USD appears poised for a potential rally in the coming days.
Traders should monitor resistance levels closely and keep risk management strategies in place, as post-election sentiment can lead to rapid market adjustments.
I just longed at 0.65285 after this stop huntNow I'm in the high-risk long trade with reduced risk.
Price broke highs retail longed, now they are stopped out and retail shorted = perfect environment for taking price finally up after previous month sell-off.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
AUD/USD Decline: Aligning for a Potential Dip to 0.65By combining these fundamental and technical factors, traders might consider shorting AUD/USD with a target of 0.65, aiming to capitalize on both economic and market sentiment-driven movements.
Interest Rate Differential: If the Reserve Bank of Australia (RBA) is perceived as dovish compared to the U.S. Federal Reserve, which might be maintaining or increasing rates to combat inflation, this interest rate differential can make the USD more attractive to investors, leading to a depreciation of the AUD/USD pair.
Geopolitical Risks: Heightened geopolitical tensions in the Asia-Pacific region or adverse trade policies affecting Australia could undermine investor confidence in the AUD, making short positions more attractive.
AUDUSD SHORTI expect a price continuation to the downside, sl above the resistance zone and tp straight to the weekly support levels
AUDUSD NEXT possible moveWe observe that AUD/USD has reached a very interesting zone. A solid confirmation could allow us to target the LOW.
AUDUSD Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for AUDUSD below:
The price is coiling around a solid key level - 0.6633
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.6588
Safe Stop Loss - 0.6665
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
SasanSeifi| Will the Price Continue Its Short-Term Rise?In the 4-hour timeframe, as observed, the price entered a consolidation (range) phase after correcting around the 0.65500 price zone. It then broke previous highs at 0.65950. Following this structural break, the price returned to the gap zone and, supported at the 0.65800 level, experienced positive fluctuations with slight growth, currently trading at the 0.66000 level.
In the short term, it’s expected that the price could reach levels of 0.66250, 0.66450, and 0.66500, continuing this short-term upward trend toward these target zones. A possible scenario for the next price movement is that if it consolidates above 0.66000, the price may move upward in the short term towards the mentioned areas and supply zones.
To assess the continuation of this uptrend and anticipate future price behaviour, it’s essential to closely monitor price reactions at these levels. Key support areas in the 4-hour timeframe include 0.65800 and 0.65650.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
AUDUSD / 4h / 06.10.24AUDUSD
1M
Price is moving towards SSL 1M liquidity (0.63455)
1W
Price has formed 1W FVG (0.66584 - 0.66171) and is testing it
1D
Price has received a reaction from 1W FVG
4H
Price has formed a downward 4H FVG
There is a one-candle withdrawal of liquidity and the formation of an autoblock.
The maximum is 0.66450 and it is protected.
The minimum is being formed.
We are waiting for a reaction from H4 FVG.
1W + 1M
