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. Price has tapped into my buy entry at 0.67678, where the 61.8% Fibonacci line is. Stop loss will be at 0.66688, where the previous swing low and 50% Fibonacci line is. Take profit will be at 0.69161, where the previous 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.
Aud-usd
AUDUSD Potential for Bullish Continuation | 13th 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. Price has tapped into my buy entry at 0.67711, where the 61.8% Fibonacci line is. Stop loss will be at 0.66697, 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.
InvestMate|AUD/USD Next Wave of Declines?🦘🦘AUD/USD Next Wave of Declines?
🦘Post is a direct continuation of my previous post on AUD/USD:
🦘The scenario remains unchanged. I still think we are in for another wave of declines.
🦘Looking at the bounce from the 0.618 level only confirms me in my assumptions.
🦘 There is a support zone ahead that I didn't mention before.
🦘It has been determined by a cluster of two levels. The first is 0.236 of the first downward wave from the current peak. The second level is 0.618 of the wave from the 2001 bottom to the 2008 peak.
🦘It is likely that there will be a reaction at this level but the main target remains the lower support zone set out in the previous post.
🦘The resistance zone that I think will hold the price is around 0.682 and was determined by a cluster of two fibo levels. The first is 0.786 of the first downward wave. The second level is 0.236 of the entire downward wave from the 2011 peak to the covid bottom.
🦘Looking at indicators such as MACD and RSI they clearly support my downward perspective.
🦘The scenario I'm playing out is a continuation of the decline to the lower support zone but I don't exclude the possibility of a slight rebound or price stopping at the first support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes 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 outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
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. Price has tapped into my buy entry at 0.67678, where the 61.8% Fibonacci line is. Stop loss will be at 0.66688, where the previous swing low and 50% Fibonacci line is. Take profit will be at 0.69161, where the previous 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.
AUDUSD Potential for Bullish Continuation | 12th 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 0.66697, 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 11th, 2022AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking bullish again here on AUDUSD as this large wedge pattern continues to form.
Technically this chart is in an active trade but we will keep looking for rejection from our 0.67000 support zone for further long entries.
If we see a retest of 0.67000 with strong rejection and bullish variations we can comfortably retarget higher toward 0.68500.
Trade scenario 2: If AU is to be considered bearish we would need to see a break below 0.67000 with structure in the form of a lower high below.
Selling AUDUSD into recent highs.AUDUSD - Intraday - We look to Sell at 0.6839 (stop at 0.6879)
We are trading at overbought extremes.
A lower correction is expected.
Previous resistance located at 0.6850.
Weekly pivot is at 0.6840.
We look to sell rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 0.6739 and 0.6719
Resistance: 0.6910 / 0.7135 / 0.7400
Support: 0.6770 / 0.6655 / 0.6540
Risk Disclaimer
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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 buy entry at 0.67678, where the 61.8% Fibonacci line is. Stop loss will be at 0.66688, where the previous swing low and 50% Fibonacci line is. Take profit will be at 0.69161, where the previous 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.
AUDUSD Potential for Bullish Continuation | 9th 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 0.66697, 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.
InvestMate|AUD/USD New downward wave from the 0.618 level🦘🦘AUD/USD New downward wave from the 0.618 level
🦘Looking at the behaviour of AUD/USD over the past few days, everything points to the fact that we are preparing for another downward wave.
🦘All thanks to a return to the resistance zone determined from the 0.618 level of the first downward wave. This is strong resistance, the maintenance of which could herald a continuation of the decline.
🦘The support zone to which I expect declines was determined by a cluster of two fibo levels. The first is the 0.236 level of the entire downward wave from the 2021 peak to the 2022 bottom. The second level is the 0.886 level of the entire downward wave from the 2008 peak to the 2008 bottom.
🦘This is where my target is located.
🦘The scenario I'm playing out is a rebound from the 0.618 level and a continuation of the decline to the support zone levels. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes 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 outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
AUDUSD Potential For Bullish ContinuationLooking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. Looking for a buy stop entry at 0.67378, where the 38.2% Fibonacci line is. Stop loss will be at 0.66984, where the previous low is. Take profit will be at 0.67792, where the 61.8% 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 Bearish Drop | 8th 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 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 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.