OVERVIEW
The analysis of AUDUSD combines multi-timeframe technical insights, oscillator, and moving average indicators. This report serves to aid both strategic and tactical decision-making by position, swing, and day traders.
Multi-Timeframe Price Analysis:
Position (Wealth) Traders:
Range: Pivot Low @ 0.55086 to Pivot High @ 1.10805
Trend: Long-term uptrend
Treatment: Quarternary; used to align with long-term investment goals.
Long-Term Swing Traders:
Range: Pivot Low @ 0.55086 to Pivot High @ 0.95052
Trend: Long-term uptrend
Treatment: Tertiary; aligns with monthly chart trends and broader market sentiment.
Swing Traders:
Range: Pivot Low @ 0.61702 to Pivot High @ 0.80072
Trend: Early stages of an uptrend
Key Levels:
TP4 @ 0.7639
TP1 @ 0.6776
BLO1 @ 0.6457
BLO2 @ 0.6262
Treatment: Primary; expected to host the most significant price action.
Day Traders:
Range: Pivot Low @ 0.61702 to Pivot High @ 0.71578
Trend: Beginning of the uptrend
Treatment: Secondary; used for daily volatility trades.
RECOMMENDATIONS:
Strategic Trading:
Tactical Trading:
The analysis of AUDUSD combines multi-timeframe technical insights, oscillator, and moving average indicators. This report serves to aid both strategic and tactical decision-making by position, swing, and day traders.
Multi-Timeframe Price Analysis:
Position (Wealth) Traders:
Range: Pivot Low @ 0.55086 to Pivot High @ 1.10805
Trend: Long-term uptrend
Treatment: Quarternary; used to align with long-term investment goals.
Long-Term Swing Traders:
Range: Pivot Low @ 0.55086 to Pivot High @ 0.95052
Trend: Long-term uptrend
Treatment: Tertiary; aligns with monthly chart trends and broader market sentiment.
Swing Traders:
Range: Pivot Low @ 0.61702 to Pivot High @ 0.80072
Trend: Early stages of an uptrend
Key Levels:
TP4 @ 0.7639
TP1 @ 0.6776
BLO1 @ 0.6457
BLO2 @ 0.6262
Treatment: Primary; expected to host the most significant price action.
Day Traders:
Range: Pivot Low @ 0.61702 to Pivot High @ 0.71578
Trend: Beginning of the uptrend
Treatment: Secondary; used for daily volatility trades.
RECOMMENDATIONS:
Strategic Trading:
- Position traders should monitor the 0.90000โ1.10000 range for long-term buy opportunities, but ONLY if they are aligned with economic fundamentals.
- Long-term swing traders can set buy limits around 0.65000 and aim for TP before Resistance around 0.80000.
Tactical Trading:
- Swing traders should prioritize 0.6457 (BLO1) and 0.6776 (TP1) for buy orders, taking advantage of primary range volatility.
- Day traders can exploit intraday support at 0.6262 and resistance around 0.71578.
Professor C. E. Ward
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Professor C. E. Ward
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.