AUDUSD BUY SetupHigher Timeframe:
-Price inside higher timeframe demand (daily)
-Trend = uptrend
Lower Timeframe:
-Price broke downward trend line
-Price removed opposing areas of supply
-DBR created
-AUD/DXY futures correlation.
-Waiting for price to pullback into 1hr demand.
Aud-usd
AUD/USD 15min accumulation Hey guys, following up on my previous post regarding AUD/USD.
Regarding 4HR accumulation, we saw the recent high put in the UT. Now with it breaking that high and hitting the larger HTF 4HR supply zone, I do not know. With the pullback, we got off of UT I'm playing a long to the retest zone for UT.
This long came about after watching AUD, being patient, and waiting for this 15min distribution to occur. As you can see on the chart we had spring and the reaction off spring was probable cause to call this the 15min substructure bottom. I've placed my long at the origin of this move and I'm targeting the retest of UT.
Hopefully, this will play out and we will see if we just retest UT or we push higher, clearing imbalance to the 4hr supply zone and making a UTAD.
Happy trading :)
AUD/USD: FUNDAMENTAL ANALYSIS AND NEXT TARGET - LONGThe Australian AiG Services Index for November came in at 45.6. Forex traders can compare this to the Australian AiG Services Index for October, reported at 47.7.
Australian Building Approvals for October plunged by 6.0% monthly, and Private House Approvals decreased by 2.2% monthly. Economists predicted a drop of 6.0%and 2.2%. Forex traders can compare this to Australian Building Approvals for September, which collapsed by 8.1% monthly, and Private House Approvals by 7.8% monthly.
The Australian GDP for the third quarter expanded by 0.6% quarterly and 5.9% annualized. Economists predicted an increase of 0.7% and 6.2% annualized. Forex traders can compare this to the Australian GDP for the second quarter, which rose 0.9% quarterly and 3.2% annualized. Capital Expenditure for the third quarter decreased by 0.2% quarterly, the Chain Price Index rose 0.2% quarterly, and Final Consumption expanded by 0.8% quarterly. Forex traders can compare this to Capital Expenditure for the second quarter, which increased 0.5% quarterly, the Chain Price Index, which surged 4.3% quarterly, and Final Consumption, which expanded by 1.2% quarterly.
The Chinese Trade Balance for November came in at $69.84B. Economists predicted a figure of $79.05B. Forex traders can compare this to the Chinese Trade Balance for October, reported at $85.15B. Exports for November plunged by 8.7% annualized and Imports by 10.6% annualized. Economists predicted a drop of 3.6% and 5.0%. Forex traders can compare this to Exports for October, which decreased by 0.3% annualized, and Imports by 0.7% annualized.
Preliminary US Non-Farm Productivity for the third quarter is predicted to increase by 0.6% quarterly and Unit Labor Costs by 3.1% quarterly. Forex traders can compare this to US Non-Farm Productivity for the second quarter, which rose 0.3% quarterly, and Unit Labor Costs, which increased 3.5% quarterly.
US Crude Oil Inventories for the week ending December 2nd are predicted at -3.305M. Traders can compare this to US Crude Oil Inventories for the week ending November 25th, reported at -12.580M. US Gasoline Inventories for the week ending December 2nd are predicted at 2.707M, and US Distillate Stocks at 2.208M. Traders can compare this to US Gasoline Inventories for the week ending November 25th, reported at 2.769M, and US Distillate Stocks at 3.547M.
The forecast for the AUD/USD remains bullish after this currency pair paused its 500+ pips rally.
AUDUSD Potential for Bearish Drop | 7th December 2022Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 0.67711, where the 61.8% Fibonacci line is. Stop loss will be at 0.68508, where the previous swing high is. Take profit will be at 0.65849, where the previous swing low and 38.2% Fibonacci line is.
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.
AUDUSD Potential For Bearish DropLooking at the H4 chart, my overall bias for EURUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 0.67816, where the 61.8% Fibonacci line is. Stop loss will be at 0.69161, where the 78.6% Fibonacci line and previous high is. Take profit will be at 0.66373, where the previous low and 76.4% Fibonacci line 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.
AUDUSD a move to the 0.66?🦐AUDUSD on the 4h chart is trading inside an ascending channel.
The market is now testing the lower trendline and a possible break can be expected during this week.
How can i approach this scenario?
I will wait for a potential break of the dynamic support and IF the price satisfy the condition i will apply a nice short order according to the Plancton's strategy rules.
–––––
Follow the Shrimp
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
AUDUSD Potential for Bearish Drop | 6th December 2022Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 0.67711, where the 61.8% Fibonacci line is. Stop loss will be at 0.69161, where the previous swing high and 78.6% Fibonacci line is. Take profit will be at 0.65849, where the previous swing low and 38.2% Fibonacci line is.
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.
AUDUSD might be heading short this weekAUDUSD is in a strong resistance area, touching the daily 200 DMA, a descending trendline, a 61.80 Fib, and a supply zone,
We could see a wedge pattern with a divergence if we look closer at the price action.
I believe we could see 0.66095 and 0.65534 this week,
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Feel free to share your thoughts in the comments, and kindly support the idea with a like. Your support is greatly appreciated!
AUDUSD Potential for Bullish Continuation | 5th December 2022Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy entry at 0.67711, where the 61.8% Fibonacci line is. Stop loss will be at 0.66402, where the previous swing low and 50% Fibonacci line is. Take profit will be at 0.69161, where the previous swing high and 78.6% Fibonacci line is.
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.
AUDUSD 4hour Analysis December 4th, 2022AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are looking very bullish on AU and we can see a wedge pattern forming at this recent high.
Going into this week we’re looking for the bullish trend and pattern to continue. Ideally we see some good rejection off 0.67000 support and can target higher resistance levels.
Trade scenario 2: For us to see AU as more bearish we would need a break back below 0.67000 with some convincing lower highs below.
Look to target lower toward 0.65500 if this happens.
AUDUSD SHORTas we can see on my chart audusd was on a long bearish trend before going bullish which resulted in a rising wedge pattern so therefore a bearish trend is expected to begin soon my advice to my followers is to look for sells.
if my forcast was helpful pls like, share, comment and follow.
AUDUSD Potential for Bullish Continuation | 2nd December 2022Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy entry at 0.67711, where the 61.8% Fibonacci line is. Stop loss will be at 0.66402, where the previous swing low and 23.6% Fibonacci line is. Take profit will be at 0.69161, where the previous swing high is.
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.
AUDUSD Potential for Bullish Continuation Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 0.67816, where the 61.8% Fibonacci line is. Stop loss will be at 0.66402, slightly below where the 50% Fibonacci line and where the swing low is. Take profit will be at 0.69161, where the previous swing high and 78.6% Fibonacci line 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.
Surprisingly, the AUDUSD strugglesThe AUDUSD was unable to continue with the previous strong surge to the upside as the price remained below 0.6850, consolidating between the price range of 0.68 and 0.6840.
Look for the AUDUSD to break strongly above the 0.6850 price level to signal a continuation of the uptrend, with the next key resistance level at 0.6950.
However, if the price fails to break higher, the AUDUSD could see a significant reversal, down to the 0.6740 round number support level, before trading higher again.
Joe Gun2Head Trade - AUDUSD Stalling at resistance?Trade Idea: Selling AUDUSD
Reasoning: Stalling at resistance?
Entry Level: 0.6797
Take Profit Level: 0.6681
Stop Loss: 0.6842
Risk/Reward: 2.57:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
AUDUSD Potential For Bullish ContinuationLooking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 0.67816, where the 61.8% Fibonacci line is. Stop loss will be at 0.66402, slightly below where the 50% Fibonacci line and where the swing low is. Take profit will be at 0.69161, where the previous swing high and 78.6% Fibonacci line 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.
AUDUSD Potential for Bullish Continuation | 1st December 2022Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 0.67711, where the 61.8% Fibonacci line is. Stop loss will be at 0.66402, where the previous swing low is. Take profit will be at 0.69161, where the previous swing high is.
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.
AUDUSD Potential For Bearish DropLooking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. Price has tapped into my sell entry at 0.66835, where the 50% Fibonacci line is. Stop loss will be placed at 0.67977, where the previous high is. Take profit will be at 0.65473, where the 38.2% Fibonacci line 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.
Inflation slowdown for the AussiesToday, the Australian CPI y/y was released at 6.9% (Forecast: 7.6% Previous: 7.3%) which signaled a slowdown in the overall inflation growth.
Although 6.9% is still higher than the target level of 2-3%, could this lead to a slowdown in the future interest rate hikes from the RBA?
On the release of the economic data, the AUDUSD traded slightly higher from the 0.6680 price level toward the 0.67 round number resistance level.
Look for the price to break above 0.67 to signal a stronger reversal higher, with the next key resistance level at 0.6780.
AUDUSD Potential for Bearish Drop| 30th November 2022On the H4 chart, the overall bias for AUDUSD is bearish. Furthermore, the price is crossing below the Ichimoku cloud , indicating that the market is bearish. We are looking for a sell entry at 0.66835, where the 50% Fibonacci line is. Stop loss will be set at 0.67711, where the previous swing high is. I am looking to take profit at 0.65849, where the previous swing low and 38.2% Fibonacci line is.
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.
InvestMate|AUD/USD US Dollar is strengthening💲💲AUD/USD US Dollar is strengthening
💲This time it' s time for AUD/USD
💲As I wrote in a previous post about the coming declines. I wasn't wrong
💲AUD/USD in my opinion is facing a significant downward wave.
💲The price has during today started to continue its declines after performing an upward correction of the second downward impulse.
💲The nearest support was determined by a cluster of two fibo levels. The first is the level of 0.236 of the entire wave from the 2021 peak to the 2022 bottom. The second level is 0.887 of the entire wave from the 2008 bottom to the 2011 peak.
💲I determined the resistance zone above based on the level of 0.618 of the whole wave from the 2001 bottom to the 2008 peak.
💲The scenario I am playing out is a continuation of declines to reach a support zone in the coming days. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💲 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀