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AU

Weekly outlook for Major Forex Pairs Hi there! This is my own view on for the upcoming week for most of the major pairs. DXY looks bearish, so im looking to short USD and bullish on other pairs. ---Disclaimer--- I am not a registered financial adviser and hold no formal qualifications to give financial advice. Everything that is provided in this video is purely for educational purposes only. All information here should be independently verified, researched and confirmed. Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
TVC:DXY
by Hudondonch
2
AUDUSD 4hour Analysis November, 7th 2021AUDUSD Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Strongly bearish here on AU but we’re sitting right at 0.74000 major support. Ideally we break below with no issues and see our next lower high below. We can then look to enter short and target lower toward 0.73000. Trade scenario 2: If we see price action reverse here at 0.74000 we need to see a confirmed higher low above with conviction. Look higher toward resistance around 0.75000.
Short
by ForexLeague
1
AUDUSD 4hour Analysis October 31st, 2021AUDUSD Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We have spotted some consolidation at this high on AU with the trend clearly being overall very bullish. Ideally, we’re looking to continue with this bullish trend and enter long on a bullish break of this ascending triangle pattern. Look to enter long on a convincing break or wait for a retest of the pattern. Trade scenario 2: If we’re to look short on AU we would need to see a break below 0.75000 with a confirmed lower high below.
Long
by ForexLeague
AUDUSD 4hour Analysis September 19th, 2021AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking bearish on all timeframes and we recently broke support at 0.73000. Ideally, we will see price action retest 0.73000 and form a lower high with confirmations we can enter short on. Trade scenario 2: For us to consider AU bullish again we will first need to see a 4hour transition. Look for a break of 0.73000 with a confirmed higher low above.
Short
by ForexLeague
AUDUSD 4hour Analysis September 12th, 2021AUDUSD Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: AUDUSD is back to bearish as we have broken lower into the range and formed a lower high. It’s likely price action will continue to range but if price action follows the overall trend we should see a strong continuation. For us to enter we ideally need to see a lower high below the range. Trade scenario 2: If we’re to consider AU bullish again we need to see a higher low above the range/ 0.74000 area.
by ForexLeague
AUDUSD 4hour Analysis September 5th, 2021AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: The 4hour timeframe is now in a very strong bullish trend and looks like we could confirm a daily bullish trend as well if price action forms a higher low above 0.74000. Look for the higher low to confirm and enter on strong bullish setups. Look to target higher toward resistance around 0.75000 Trade scenario 2: If we are to consider AU bearish we would need to see a break back below 0.74000 with a lower high below. If this does happen that means this recent break could be a large fakeout!
Long
by ForexLeague
AUDUSD 4hour Analysis August 29th, 2021AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Higher timeframes are mainly bearish but the 4hour has been pushing up pretty hard. We can see that recent broken structure is around 0.73300, right where price action is pushing up to. From here if we’re going to continue with the overall bearish trend we need to see a strong reversal. Ideally price action comes to a stop and consolidates into a nice reversal pattern. We can then take 1 of 2 entries. Enter on the break of support after a confirmed reversal around 0.73000 or wait for the more conservative option and enter on the retest of 0.73000 after it is broken and then target lower. Trade scenario 2: For us to consider AU bullish it first needs to break back into the range above 0.73300. I would not recommend taking a trade within the range but you could enter on either the bullish break of the range or wait for a higher low to confirm above 0.74000, then target higher.
Short
by ForexLeague
AUDUSD 4hour Analysis August 22nd, 2021AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Definitely VERY bearish here on AU and we are also a bit over extended. Ideally, the best scenario would be to retest 0.72000 & our 38.2% fib level with a confirmed lower high that we can then enter short on. Look to target lower toward our monthly support around 0.70000 Trade scenario 2: For us to consider AU bullish a lot needs to happen because technically price action can retrace to 0.73000 and still be bearish according to higher timeframes. So the most conservative long scenario would be a higher low formation above 0.73000.
Short
by ForexLeague
1
AUDUSD 4hour Analysis August 15th, 2021AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Still looking very bearish here on AU but we can clearly see that price action is in a range just below major resistance around 0.74000. How price action reacts at this level will determine our potential movement for the week. Ideally we see price action reverse now with plenty of confirmation. You could enter a reversal from this level but the most conservative trade opportunity is always on a lower high confirming a break of a range. Trade scenario 2: For us to consider AU bullish we would need to see a strong break above 0.74000 with a confirmed higher low above.
Short
by ForexLeague
Technical analysis update: XAUUSD (13th August 2021)Gold has rebounded from its recent low at 1677.686 USD. Currently it trades around 1750 USD. RSI reversed to the upside and crossed above 30 points on its way, showing bullish signs at the moment. MACD is flattening out. Stochastic oscillates in its lower area, although, it starts to show first signs of reversing to the upside similarly like RSI. First resistance sits near 1790 USD which coincides with 20-day Simple Moving Average. Second resistance appears around 1835 USD and third resistance around 1917 USD. We think all these levels will be taken out over time. We also think it is highly possible that gold has already bottomed out (in recent slump) at its medium/long term support from March 2021. Our medium term price target remains 1850 USD and our long term price target remains 1875 USD. Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
4
Technical analysis update: XAUUSD (10th August 2021)Many people may feel perplexed about yesterday's selloff in gold when price halted its decline at 1677.686 USD (after 4 bn. USD sell order hit the market). At some point a spread between bid and ask reached more than 35 USD (mainly around yesterday's low). Upbeat economic data with decreasing unemployment point to the steady recovery and lay out path for future rate hikes and taper by the FED. Yesterday's price decline stopped at March lows suggesting strong support in this area. RSI reached oversold level and is striving to reverse. MACD and Stochastic are bearish. Despite that we believe there is not much more downside for gold from here. We believe that short term struggle in gold is nearing its end. Eventually FED will be forced to hike interest rates due to soaring inflation making it bullish case for gold in long run. In our opinion current price of gold is very attractive for entering a long position. Our medium term price target remains 1850 USD and our long term price target remains 1875 USD. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
10
AUDUSD 4hour Analysis August 8th, 2021AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Looking bearish on AU overall and we are a few confirmations away from a great short scenario. Currently we’re looking for price action to present a lower high followed by strong bearish setups to enter on just below 0.73800. Trade scenario 2: For us to consider AU bullish we would need to first see a break of resistance at 0.74000 with a higher low above.
Short
by ForexLeague