AUDUSD - Two ways one outcome! Hello traders, investors and community. Today i will take a bullish look on AUDUSD and what the chart is showing me, the absolute high probability signs for some bullish outcomes. On my chart you see the daily price action of AUDUSD. AUDUSD is just about to form a massive bottom formation with an descending triangle about to complete. I detected it and it is marked with the red trendlines, price is still remaining in the triangle. It is for sure that it will break out and form some bullish movement, the question is when it will complete.
In my chart you can see that price is touching the upper trendline of the triangle, it is possible that we break out of the channel the next time otherwise price can still remain in the triangle and touch the lower trendline before it breaks out. Also AUDUSD had some good volume, (over average), in the last bull-wave which you see in the chart. There is a huge support zone at 0.64 - 0.69, that if we come back to this level there is a high probability for some good support in this area.
Also you see this huge bullish dragonfly doji formed on the 3th of january, this shows how storng and important that support level is.
When we break out of the triangle without coming back again! There is a target projection which you see in my chart. This target will be intact when we break out and confirm the triangle. When you see the light blue striped trendline where the target remains you can see that it is EXACTLY the point of resistance of the previous bear moves till we reached the bottom. You can see it marked with the dark blue square.
If we remain in the triangle and breakout later the target will be a different price but the same length!
The RSI shows me that we had some oversold condition before the two last bull moves began, it can come back to the trendline and form a bullish divergence. I am expacting this to happen either when we break out of the triangle now or when we remain in the triangle and confirm the lower trendline.
This i only educational information and should not be used to take action in the markets!
Peace and love to everybody!
Aud-usd
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64000 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64000 support and resistance zone.
Trade safe, Joe.
AUD/USD another drop!!!Hello Traders
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
RBA Rates Decision TomorrowThe RBA is set to decide on rates tomorrow, with the decision likely to hold cash rate at 4.10%
Last month when the RBA held rates, the AUDUSD dropped.
Looking for a similar move, especially with the AUDUSD trading along the 0.6465 support level.
A break to the downside could see price test the next support level of 0.6380
AUDUSD Potential DownsidesHey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.64700 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.64700 support and resistance zone.
Trade safe, Joe.
AUDUSD to continue in the upward move?AUDUSD - 24h expiry
Short term bias has turned positive.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
20 4hour EMA is at 0.6462.
Bespoke support is located at 0.6460.
We look to buy dips.
We look to Buy at 0.6461 (stop at 0.6441)
Our profit targets will be 0.6511 and 0.6531
Resistance: 0.6508 / 0.6522 / 0.6540
Support: 0.6470 / 0.6450 / 0.6420
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDUSD to find buyers at previous resistance?AUDUSD - 24H expiry
Short term bias has turned positive.
Previous resistance at 0.6435 now becomes support.
We look to buy dips.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
50 4hour EMA is at 0.6442.
We look to Buy at 0.6438 (stop at 0.6418)
Our profit targets will be 0.6488 and 0.6498
Resistance: 0.6488 / 0.6500 / 0.6520
Support: 0.6450 / 0.6435 / 0.6400
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64700 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.647 support and resistance zone.
Trade safe, Joe.
AUDUSD downward move continues.AUDUSD - Intraday
Our short term bias remains negative.
There is no clear indication that the downward move is coming to an end.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 0.6440.
50 4hour EMA is at 0.6445.
We look to Sell at 0.6445 (stop at 0.6475)
Our profit targets will be 0.6375 and 0.6355
Resistance: 0.6420 / 0.6440 / 0.6460
Support: 0.6400 / 0.6380 / 0.6364
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDUSD gains to be limited.AUDUSD - 24h expiry
We are trading at oversold extremes.
A higher correction is expected.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 0.6525 level.
We look to Sell at 0.6525 (stop at 0.6560)
Our profit targets will be 0.6445 and 0.6425
Resistance: 0.6460 / 0.6550 / 0.6625
Support: 0.6340 / 0.6275 / 0.6185
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDUSD remains negative.AUDUSD - Intraday
Our short-term bias remains negative.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
The bearish engulfing candle on the 4-hour chart is negative for sentiment.
Price action has posted a Doji candle and is neutral for the short-term sentiment.
We look for a temporary move higher.
50 4-hour EMA is at 0.6574.
We look to Sell at 0.6575 (stop at 0.6605)
Our profit targets will be 0.6505 and 0.6485
Resistance: 0.6540 / 0.6560 / 0.6585
Support: 0.6527 / 0.6500 / 0.6480
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
🔥🔥🔥 AUDUSD...UT (30m) 🔥🔥🔥BSO @ 0.6568 ⏳
BLO1 @ 0.6550 ⏳
BLO2 @ 0.6526 ⏳
Choose your TP based on your favorite trading strategy or time frame:
🦘 AUDUSD (pip movement per strategy):
STRATEGY PIP MOVEMENT
Scalping 10-20 pips
Intraday 20-40 pips
Swing 40-80 pips
Position 80-120 pips
TIME FRAME AVERAGE ATR
1 day 20 pips
4 hours 10 pips
1 hour 5 pips
15 minutes 3 pips
5 minutes 2 pips
⚠️ TREND
— Momentum: Big Picture Uptrend
— Price Action: Ranging with an Uptrend Bias
— CounterTrend: NO (moderate risk trade)
AUDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.66400 zone, AUDUSD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.66400 support and resistance area.
Trade safe, Joe.
AUDUSD: Good pair to trade with current fundamentalsI'm very bearish in AUD, fundamentally I think there's a chance we'll see another pause from the BoA this week.
I see a strong US and though this may not play out in DXY, against weaker pairs the USD should show its current strength.
Even before that, with short term USD strength and a weakening Australian Dollar I think we'll break through resistance and out of this sideways channel.
I think we have a double top on the daily, we need confirmation below current levels (neckline break) and with that we could ultimately see falls to the 0.61 levels.
We've had a break of the rising trendline so will be looking to get in with a retest and LTF confirmation.
AUDUSD Open trade based on today's candle closing.The AUDUSD pair has been trading within a Channel Down pattern since the February 02 2023 High and the rejection on the 1W MA100 (red trend-line). Since June 16 however, it formed a short-term Rectangle pattern, which today broke below its 0.65950 Support 1.
We will trade this depending on today's 1D candle closing. If it closes above the 0.65950 Support and back inside the Rectangle, then it will remain bullish towards the Channel Down's top (Lower Highs) with the targeted zone being 0.68000 - 0.68350. If it closes below 0.65950, it will be a confirmed bearish break-out, thus a sell signal for us, targeting 0.6400 (just above Support 2).
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