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Aud-usd

AUDUSD Potential Forecast | 9th March 2023Fundamental Backdrop 1. Fed Powell mentions that upcoming FOMC meeting stance is up to NFP data release. 2. Market sentiments surrounding the USD has been flipped bullish. 3. Fed Powell mentions that Fed would not hesitate to hike the i/r at a faster pace. Technical Confluences 1. Strong bearish momentum and pressure happening onto AUDUSD. 2. Price has broken certain key resistance levels and the latest one being 0.6627. 3. Given the strong bearish momentum, we can see price come further down in light of the NFP data release tomorrow. Idea I will be looking for price to continue its bearish momentum in the market. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
Audusd should b a correction pullback on higher timeframewaiting for opportunity to short this...it might continue correcting more after this consolidation or break down further.. *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
AUD/USD:Breakout Neckline H&S And SHORT Continuation....Hello Traders! So, the Australian dollar (AUD) has gone down after the Reserve Bank of Australia (RBA) made a decision about interest rates. However, Antje Praefcke, an FX Analyst at Commerzbank, thinks we should be careful about assuming that this means the end of interest rate hikes in Australia. Basically, the RBA still seems to be planning to raise interest rates further, but they're going to be looking at economic data before they make any more decisions. The market reacted to the RBA's statement by selling AUD, but it's not necessarily a sign that the interest rate cycle is over. Like in other countries, some prices are going down (like energy prices) but others (like services and wages) are still going up. So, the market is going to be paying close attention to economic data to see what the RBA will do next.
Short
by FOREXN1
5
AUDUSD RBA Decision 7th March 2023The AUDUSD remains "trapped" between the support (0.67) and resistance (0.6780) in the lead up to the Reserve Bank of Australia (RBA) interest rate decision at 11:30am GMT+8 The current expectation is for a 25bps rate hike, to take the interest rates in Australia from 3.35% to 3.60%. Generally, since August 2022, every interest rate hike from the RBA had seen the AUDUSD trade lower. This trend was broken with the most recent decision in February. Currently trading at the 0.6746 price level, if the RBA does hike rates by 25bps AND signals that further rate hikes can be expected, the AUDUSD could trade up to the 0.6780 resistance level. However, at the resistance level, if the price fails to break higher, the AUDUSD could reverse back down and continue to be trapped within the range.
Long
by JinDao_Tai
4
AUDUSD Potential Forecast Pre-Cash Rate | 7th March 2023Fundamental Backdrop 1. The Trade Balance dropped from 12.99B to 11.69B, this shows that export demand dropped which creates a greater demand for foreign currency, weakening the AUD. 2. AUD's Cash Rate is going to be released at 11.30am SGT 3. Based on previous data we saw a roughly 30 - 50 pip drop within the day. 4. Expecting the AUD to drop later on towards the support at 0.67000 Technical Confluences 1. Price is currently in a strong bearish trend. 2. Price is also below the Ichimoku cloud, indicating a bearish market. 3. Near term strong support level at 0.66500 Idea Expecting the AUD to drop towards the support at 0.67000. If price manages to break below that support level, we could see price head towards the near term strong support level at 0.66500. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
2
AUDUSD Outlook 6th March 2023The AUDUSD traded with significantly choppy price action toward the end of last week. The price generally fluctuated along the 0.6750 price level before trading slightly higher, toward the resistance level of 0.6780, due to the weakness of the DXY. Although the AUDUSD has been trapped within the price range of 0.67 and 0.6780 in the short term, the current DXY weakness could see the AUDUSD trade slightly higher. However, look toward how the price action develops for a potential setup, with the RBA interest rate decision due tomorrow. Based on previous backtesting, the AUDUSD tends to trade lower following the RBA interest rate decision. Therefore, if by the news release tomorrow, the AUDUSD continues to trade below the 0.6780 resistance level, this could be a good setup for a retest of the 0.67 price level again.
Short
by JinDao_Tai
A bullish setup on AUDUSDHey Traders, here is my simple Buy setup on AUDUSD. The pair just successfully completed the inverted Head and Shoulder on the Daily TF, and now that signal a bullish run. On 4H the price retested the demand zone second time which could be argue to be a level that buyer might start throwing some buy orders in, but that is not enough. The market just made a flat bottom (liquidity mark up) and probably going to further the bearish run to retest the Daily OB as indicated below. Or You can look for a long position if the price break above the Multiple level of market structure then use the current resistance are as support after breaking that level. Buyers can look to buy the next retest and target the 0.7200 area.
Long
by Adefxc
9
AUDUSD, H1 | Bearish reversal from key resistanceWe're seeing price approaching a strong overlap resistance at 0.6781 which also lines up with the 38.2% Fibonacci retracement. Price could potentially reverse from here pushing it all the way down to the recent swing low at 0.6698. However, if prices were to break this resistance level, the next big resistance for us to keep an eye on is 0.6810 which is the 50% Fibonacci retracement level along with the pullback resistance. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
AUDUSD | LOOKING LIKE A GOOD SELLHey Traders! The market is showing a strong bearish trend on the higher time frames, with price action surpassing the weekly MA 20. The daily charts are also indicating a downward trend, with price trending below all moving averages and headed towards breaking below MA 100. This indicates a strong possibility of a further drop, particularly given the positive initial jobless claims data for the US. We might experience some rejection of the support but the overall setup is looking favourable for further downward momentum
Short
by FX-TradingLions
AUDUSD Potential Forecast | 2nd March 2023Fundamental Backdrop 1. AUD CPI decreased from previous 8.4% to 7.4%, this shows that inflation is decreasing which could lead the Reserve Bank of Australia to reduce interest rates, weakening the AUD. 2. AUD's GDP q/q decreased from 0.7% to 0.5% which shows that the economic activity and economy health are decreasing. Technical Confluences 1. The overall bias for AUDUSD on the H4 chart is bearish . 2. Price is on a bearish trend , forming lower lows and lower highs. 3. Price could potentially retrace to the H4 resistance level at 0.678. 4. Anticipating price to retest the weekly support level at 0.662. 5. Price has already broken multiple structures to the downside. 6. Price is resting below the ichimoku cloud , signifying bearish intent. Idea Price has already retested the H1 resistance at 0.67800. Looking for shorts towards the 0.66400 support area. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
AUDUSD:Weak USD performance and potential upsidesHey traders, market is pricing a lot of hawkishness from fed due to the recent data.. but the market choose to rebalance and dollar remains indecisive prior to CPI data.. so from now on since the rate hikes are priced in i think we may get good opportunities selling the dollar against commodities... also a weak dollar could give us good opportunities to be bullish on stocks, cryptos along with AUD and NZD. Remember that this is not a financial advice and we are speaking just theories. technically we noticed a decent breakout in AUDUSD so if it retraces from 0.675 zone that should be a good push for bulls. Trade safe, Joe.
Long
by JoeChampion
15
AUDUSDHi AUDUSD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
AUDUSD Potential Forecast | 1st March 2023Fundamental Backdrop 1. USD more hawkish than AUD, with a potentially higher terminal rate. 2. US economy continues to be very resilient, taking the USD by strength. Technical Confluences 1. The overall bias for AUDUSD on the H4 chart is bearish. 2. Price is on a bearish trend, forming lower lows and lower highs. 3. Price could potentially retrace to the H4 resistance level at 0.678. 4. Anticipating price to retest the weekly support level at 0.662. 5. Price has already broken multiple structures to the downside. 6. Price is resting below the ichimoku cloud, signifying bearish intent. Idea I will be looking for price to continue its bearish trend and for price to tap into the weekly support level at 0.662 before price could potentially head bullish. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
AUDUSD Outlook 1st March 2023Overnight, the AUDUSD fluctuated between the 0.67 and 0.6760 price range as the DXY retraced lower but recovered in strength toward the end of the trading session. Early this morning, the AUD CPI was released at 7.4% (Forecast: 8.1% Previous: 8.4%) which was significantly lower than expected. This signals that the ongoing interest rate hikes from the RBA are taking effect in lowering inflation in Australia. However, a cost of the significant rate increases is the slowdown in the economy as the Australian GDP slid to 0.5% (Forecast: 0.8% Previous: 0.7%). The AUDUSD traded lower to test the 0.67 support level but rebound strongly to the upside, testing the bearish trendline. If the price breaks above the trendline, the AUDUSD could see further moves higher toward the near-term resistance area of 0.6780 before continuing with the downtrend, retesting the 0.67 round number support level and breaking below that. Beyond 0.67, the next key support level is 0.6630.
Short
by JinDao_Tai
AUDUSD Potential Drop to Previous overlap supportLooking at the H4 chart, my overall bias for AUDUSD is bearish as the current price is below the Ichimoku Cloud. Looking for a pullback sell entry at 0.68324 where the recent overlap resistance is. We are looking to take profit at 0.66505 where the overlap support and 50% Fibonacci line are, Stop loss will be placed at 0.69233 where the recent overlap swing high is. 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
2
AUDUSD - Good ol' Head & Shoulder in the making AUDUSD has been hit pretty strong by the news that popped up an hour ago, USD getting more and more strengh as it showed more inflation than expected. Here we have a nice Head & Shoulder in the making, and price is grinding the neck line as I'm writing, I'm already in position, as I've entered a little bit before the news, my trade is at break even now so, it's a free ride If price happens to break the neck line, well then, we gonna see some blood on the chart! In addition of the H&S we have what could be an ABCD push in process as well. And finally, as you can see on the chart, we first broke the ascending trendline, then price made a flag right around the trendline, which it used to retest the trendline, then, price broke the flag, and retested it so, I'm no expert but, that's a lot of evidences going in favor of a short, I wouldn't be surprised if the neck line was broke, to see price fall to the target area at 0.675 Cheers guys and safe trading!!!
Short
by aemerydufoug
2