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AUD (Australian Dollar)

EURAUD selling Trading IdeaHello Traders In This Chart EUR/AUD 4 HOURLY Forex Forecast By FOREX PLANET today EUR/AUD analysis 👆 🟢This Chart includes_ (EUR/AUD market update) 🟢What is The Next Opportunity on EUR/AUD 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 Charts
Long
by ForexMasters2000
MY EURAUD SHORT IDEA 24/11/2024NOTE: THIS IS JUST A TRADE IDEA WHICH I MAY OR MAY NOT TAKE DEPENDING ON THE OPPORTUNITY PRESENTED, PRICE ACTION, AND ECONOMIC EVENTS THAT MAY HAPPEN. PLEASE DO YOUR OWN RESEARCH! If text is glitchy please use this link regal-marlin-2d3.notion.site ! (prod-files-secure.s3.us-west-2.amazonaws.com) President Question Template: 1. Why do you want to trade at the first place? 2. Did you take into account the current market condition, data, high impact news and what’s going on? 3. Even if you made your FA few weeks ago, you **MUST** keep on track and update it time to time. 4. Don’t just have a bias from four weeks ago and execute a trade today based on that you had four weeks ago. So it all started looking at www.myfxbook.com and I looked at the heatmap where it showed bearish in all time frames for EURAUD especially in the Monthly. ! (prod-files-secure.s3.us-west-2.amazonaws.com) This gave me an idea to start shorting the currency. I looked at the chart and what I found is every economic event and data is bearish for the EURO. To support my claim you can see see that there there are many events happening on the chart and every event is putting pressure on the price. ! (prod-files-secure.s3.us-west-2.amazonaws.com) Now it is very important for me to take into account what James says here. www.elitetraders.io > **EURO Macroeconomic Factors:** > > > Eurozone growth remains sluggish, with subdued inflation limiting the European Central Bank’s (ECB) ability to pivot hawkishly. Trade challenges persist, especially with the potential for US tariffs on European goods. > > ‍ > > **Key Drivers:Wage Growth:** > > Higher-than-expected wage growth in Germany provides mixed signals for inflation. > > ‍ > > **Geopolitical Risks:** > > Ongoing trade tensions with the US and challenges in the energy sector weigh on sentiment. > > ‍ > > **Outlook:Short-term:** > > Limited upside amid weak macro data and geopolitical concerns. > > ‍ > > **Medium-term:** > > Gradual recovery if energy prices stabilize and ECB policies support growth. > > ‍ > > **Long-term:** > > Structural reforms and green transition initiatives could underpin stronger growth. > > AUD > **Macroeconomic Factors:** > > Declining energy prices and a weaker Australian-US interest rate spread have pressured the AUD. Domestic growth concerns persist, with a softening labor market and mixed performance in commodity exports. > > ‍ > > **Key Drivers:Monetary Policy:** > > The Reserve Bank of Australia (RBA) remains cautious, with markets pricing in a lower probability of rate hikes compared to peers. > > ‍ > > **Commodities:** > > Iron ore, a key export, faces headwinds from reduced demand in China, while the broad commodity complex shows mixed signals. > > ‍ > > **Outlook:Short-term (Next Week):** > > A slight rebound may occur if risk sentiment stabilizes globally, but volatility remains tied to Chinese economic data. > > ‍ > > **Medium-term (Months Ahead):** > > Modest appreciation expected if China's stimulus measures translate into higher demand for Australian exports. > > ‍ > > **Long-term (2025):** > > Structural improvements in trade balances and diversification in export markets could support AUD recovery. > According to what James has said, AUD will face some volatility in the next week for the short term according to risk sentiment stability and Chinese economic data. In the Medium term it depends on China’s stimulus measures which could translate into higher demand for Australian exports. As for EURO there are many weak macro data and geopolitical concerns with fear of US tariff on Euro. Euro must find good recovery in Energy prices in order for it to stabilize. Sentiment: ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) COT DATA EUR: ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) AUD: ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) So according to the sentiment data, we can see clearly that retail traders are favoring longing the position probably due to past price action where it bounces off of the price level 1.60425 and create a support zone. But even if hypothetically there is a support zone this zone is most likely about to get invalidated. Price is below 200 EMA signaling a bearish price action for the EURAUD and we can see lower lows on the RSI. As for the COT and SMART money we can notice that they are buying AUD and selling the EURO due to negative economic status on the EURO. ! (prod-files-secure.s3.us-west-2.amazonaws.com) Order book is showing 37 ASKS position vs 24 at the 1.62 zone. Signaling more Sell positions are present at that level giving a solid resistance zone. ! (prod-files-secure.s3.us-west-2.amazonaws.com) Calendar: ! (prod-files-secure.s3.us-west-2.amazonaws.com) AUD CPI expected to be 2.5% by WED NOV 27 which is BULLISH especially if the number is higher than 2.5%. ! (prod-files-secure.s3.us-west-2.amazonaws.com) EUR German Prelim CPI m/M ! (prod-files-secure.s3.us-west-2.amazonaws.com) We can notice that that inflation is cooling down. Correlations: I noticed negative correlation with AUDUSD and AUDCAD but there is also a positive correlation with EURJPY. ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com)
Short
by stingotho
GBPAUD Potential channel breakout to the downsideGBPAUD is exhibiting bearish momentum, characterized by lower lows and lower closes. The pair is currently testing the previous daily low; a close below this level could lead to a decline toward the channel's lower boundary. The previous day's candle featured a long tail, indicating potential for a retest of the round number at 1.9300. If bearish momentum persists, the price may break through the channel and move lower. The target is the support level at 1.9310
Short
by RTED_Investing
AUDCAD Potential Drop after Rejection from ResistanceAUDCAD is currently experiencing a pullback toward the resistance zone and the upward trendline area. On the 4-hour timeframe, the market has been forming lower lows and lower closes, indicating a bearish trend. After a significant decline, the price is now approaching the 50% retracement level of that move. This area may act as resistance, potentially leading to a continuation of the downward movement. The target is the support zone around 0.9070
Short
by RTED_Investing
AUD/NZD: Potential Short Opportunity: False Resistance BreakoutThe AUD/NZD pair is currently exhibiting signs of a false breakout at the resistance level of 1.1145, subsequently forming a rejection Pinbar, which indicates that sellers may be regaining control in the short term. What is a False Breakout? A false breakout occurs when the price briefly exceeds a key support or resistance level, only to swiftly reverse and return to the opposite side. In this instance, the price momentarily broke above the 1.1145 resistance, yet the insufficient buying pressure led to an immediate rejection. This behaviour suggests that sellers were poised above this level, ready to enter the market. False breakouts can often result from market manipulation, where institutions and major players seek to trigger stop-loss orders from traders positioned near support and resistance levels. By instigating an initial breakout, they create liquidity for large contrarian positions. Reversal Signal A false breakout, particularly when accompanied by candlestick formations like the Pinbar, often indicates a potential trend reversal. In this case, the failed breakout signifies that buyers who attempted to sustain the move upwards were unsuccessful. Current Scenario : Has the False Breakout Been Confirmed? The 1.1145 level represents the highest price since 2022, establishing it as a significant resistance zone. The initial breakout above this level was swiftly followed by a strong rejection, illustrated by the long wick at the top of the Pinbar candlestick. This pattern underscores the weakness among buyers and suggests renewed strength among sellers. Possible Short Opportunity If the price breaks below 1.1090, we may expect a more substantial downward movement over the following days. First Target: 1.0880 This target corresponds to a notable support zone, aligning with previous lows and the projection of the rising trend line established since February. Final Target: 1.0780 This represents a significant area, marking an important horizontal support level observed over recent months. Stop Loss: A suitable stop loss could be placed above the Pinbar high at around 1.1180 to protect against an unexpected reversal. Alternative Scenario: Resistance Broken The recent sequence of green candles with elongated bodies and minimal upper shadows suggests a potential alternative scenario, wherein there may be sufficient buying pressure to breach the resistance level in the coming days. A buying opportunity could materialise if the price breaks above 1.1200. Next Targets: In the event of a breakout, the first target could be around 1.1300, with a final target at 1.1450, where the AUD/NZD would encounter significant resistance on the weekly chart. The AUD/NZD pair is at a critical technical juncture at 1.1100, indicating a potential false breakout of resistance. It is essential to monitor price action closely in the upcoming sessions. A sustained downward movement, particularly a break below 1.1090, would reinforce the selling pressure, while a breakout above 1.1200 could signal a continuation of the upward trend towards 1.1450. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Short
by Marketscom
2
Bearish reversal?AUD/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.57896 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 0.58224 Why we like it: There is a pullback resistance level. Take profit: 0.57508 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
GBP/AUD buying Trading IdeaHello Traders In This Chart GBP/AUD 4 HOURLY Forex Forecast By FOREX PLANET today GBP/AUD analysis 👆 🟢This Chart includes_ (GBP/AUD market update) 🟢What is The Next Opportunity on GBP/AUD 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 Charts
Long
by ForexMasters2000
EURAUD is in The bullish DirectionHello Traders In This Chart EUR/AUD 4 HOURLY Forex Forecast By FOREX PLANET today EUR/AUD analysis 👆 🟢This Chart includes_ (EUR/AUD market update) 🟢What is The Next Opportunity on EUR/AUD 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 Charts
Long
by ForexMasters2000
AUD/CHF: Watching for the Perfect Resistance TestFor this setup, I’m only looking to sell if price moves into the marked resistance zone (~0.57592). Patience and discipline are key—no zone, no trade. 📉 Market Context: The bearish structure is intact, with lower highs and lower lows showing sellers are in control. The marked resistance zone (~0.57592) is a critical area to watch for rejection. Stop-Loss: Set at 0.57984, above the resistance zone, to invalidate the setup. Target: Aiming for the support level at 0.56833, the next major area of interest. 🎯 Risk Management: Risking 1% of capital on this trade to ensure proper account management. Position size will be calculated based on the entry, stop-loss, and the 1% risk rule. 🧠 Psychology Tip: "Discipline in risk is non-negotiable." 📌 No matter how good a setup looks, risking more than you planned is a fast track to inconsistency. Stick to your 1%, and let probabilities do the heavy lifting.
Short
by CurlyTrader_xo