Hopes of further easing of China’s Zero-COVID stance...Hopes of further easing of China’s Zero-COVID stance keeps sentiment underpinned
The positive risk tone continues to weigh on safe haven currencies, while high betas AUD and NZD lead the majors to the upside.
Consequently, AUDJPY continues to test the 93.00 handle to the upside, while AUDUSD continues to grind above the 0.67 handle and NZDUSD above the 0.62 handle.
The catalyst behind positive risk tone and main focus among market participants remains hopes for further easing from China regarding its zero-COVID policy. Indeed, RBC simply notes, “people are getting quite excited about some sort of reopening.”
Looking ahead, today’s US session will see the focus remain on China and any further headlines surrounding its zero-COVID policy stance. However, Canada will also be in focus as Statistics Canada releases its latest GDP figures.
Aud-usd
AUDUSD Potential for Bearish Drop | 29th 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. There seems to be a double top forming. 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 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 H1: Bearish outlook seen, further downside below 0.6680On the H1 time frame, prices are facing bearish pressure from the resistance at 0.6680, in line with the descending channel, 23.6% Fibonacci retracement and M15 supply zone. A pullback to the resistance zone at 0.6680 presents an opportunity to play the drop to the next support target at 0.6630, which coincides with the graphical resistance-turned-support level and Fibonacci confluence levels. Ichimoku cloud is showing signs of bearish pressure as well, supporting the bearish bias.
AUDUSD on a bullish move 🦐AUDUSD on the 4h chart after the accumulation phase at the recent low started an impulse to the upside.
The market after the first move retraced to the 0.886 Fibonacci level and is now looking for a further bullish continuation.
How can I approach this scenario?
According to Plancton's strategy IF the price will break above the resistance area i will consider a nice long order.
–––––
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 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 0.67700, where the 61.8% Fibonacci line is. Stop loss will be placed at 0.69161, where the previous high and 78.6% Fibonacci line is. Take profit will be at 0.65473, where the 28.2% 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.
AUDUSD Potential for Bullish Continuation | 28th November 2022On the H4 chart, the overall bias for AUDUSD is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . We are looking for a buy entry at 0.66835, where the 50% Fibonacci line is. Stop loss will be set at 0.65849, where the previous swing low and 38.2% Fibonacci line is. I am looking to take profit 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 4hour Analysis November 27th, 2022AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are looking bullish on the daily timeframe and 4hour now as price action continues to push higher.
Currently, price action is resting just above 0.67000 which we broke at the end of last week.
Since this is our key zone we’re looking for reactions to decide where AU goes next.
Ideally we bounce off 0.67000 and form some convincing bullish variations we can enter long on.
Trade scenario 2: If we break below 0.67000 it is likely we will see price action fall to lower support levels like 0.65500
InvestMate|AUD/USD Falling to support💲💲AUD/USD Falling to support
💲Post is a direct continuation of my previous post:
💲The wave of weakness on the Australian Dollar has already begun.
💲Friday's session brought us a retest of the resistance zone after which we started a rally towards the south where I find a strong support zone.
💲I determined the support zone based on the 0.382 level of the entire upward wave and the 1:1 level of the largest downward correction in the current long-term uptrend
💲The support zone visible on the chart I determined on the basis of the space between the two levels 0.5 and 0.618 of the current downward wave, these were also the places where price found resistance many times in the past
The scenario I am playing out is a continuation of the decline, I also do not rule out a retracement of the resistance zone, but ultimately I see the price in the support zone within the next week.
🚀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 The overall bias for AUDUSD on the H4 chart is bullish. Furthermore, the price is above the Ichimoku cloud, indicating a bullish market. We're looking for a buy entry at 0.67711, which corresponds to the 61.8% Fibonacci line. The stop loss will be set at 0.65848, which is the previous swing low. I intend to take a profit 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 | 25th November 2022On the H4 chart, the overall bias for AUDUSD is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . We are looking for a buy entry at 0.67711, where the 61.8% Fibonacci line is. Stop loss will be set at 0.65848, where the previous swing low and 38.2% Fibonacci line is. I am looking to take profit 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.
InvestMate|AUD/USD Time for declines💲💲AUD/USD Time for declines
💲Post is a direct continuation of the previous post on AUD/USD:
💲After we almost passed the 1:1 level of the biggest correction in the uptrend.
💲We bounced back to double tops again.
💲The time has come to attack the declines once again.
💲This time from a slightly higher ceiling than last time.
💲The support zone again remains on 1:1 level, and this time I also added the fibo level of 0.382 of the entire upward wave.
💲I determined the resistance zone based on the recent tops and the 0.5 level of the whole wave from covid bottom to top.
💲The scenario I am playing out is a continuation of the decline to the support zone with consideration of minor corrections along the way.
💲*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.🚀
AUDUSD H1: Bearish outlook seen, further downside below 0.6750On the H1 time frame, prices are facing bearish pressure from the resistance at 0.6750, in line with the H4 supply zone, graphical resistance zone and 78.6% Fibonacci retracement. A pullback to the resistance zone at 0.6750 presents an opportunity to play the drop to the next support target at 0.6670, which coincides with the graphical resistance-turned-support level and Fibonacci confluence levels. Stochastic is testing resistance at 94.50 as well where we could see a reversal below this level.
AUDUSD Potential for Bullish Continuation | 24th November 2022On the H4 chart, the overall bias for AUDUSD is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . We are looking for a buy entry at 0.66796, where the 38.2% Fibonacci line is. Stop loss will be set at 0.65848, where the previous swing low is. I am looking to take profit 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 | 23rd November 2022On the H4 chart, the overall bias for AUDUSD is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . We are looking for a buy entry at 0.65398, where the 50% Fibonacci line is. Stop loss will be set at 0.64076, where the previous swing low is. I am looking to take profit at 0.67711, 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.
Watching AUD.USDHello Traders.
Anyone else watching the AUD.USD Daily chart?
I'm waiting to see if the price will continue to the downside or break to the upside.
This could be a good trade idea; however, we need to wait and see what price does.
Let me know what you think, what do you think the price will do?
Happy Trading
Samantha
AUD catches a breather as risk tone moderatesDespite the improvement in risk sentiment from Monday, it’s worth noting that significant concerns surrounding China’s coronavirus situation remain, keeping risks tilted to the downside.
Nevertheless, the improved risk tone has provided a welcomed respite for the AUD, copping its recent decline with AUDUSD holding steady throughout the session above the 0.66 handle.
Another beneficiary of the improved risk tone is NZD, which is receiving an additional boost from expectations for another aggressive rate hike from the RBNZ at its upcoming monetary policy meeting. Consensus looks for a 75 basis points rate hike from the central bank, taking the Official Cash Rate to 4.25%.
Indeed, the RBNZ will be the next high impact risk event in the next Asia Pacific session. Before then, central banks will still remain a key theme and focus, with comments from a plethora of central bank members throughout today’s European and US sessions. Today’s speakers will include RBA Governor Lowe, Fed’s Mester, Fed’s George and Fed’s Bullard.
AUDUSD Potential for Bullish Continuation | 22nd November 2022On the H4 chart, the overall bias for AUDUSD is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . We are looking for a buy at 0.65398, where the 50% Fibonacci line is. Stop loss will be set at 0.64076, where the previous swing low is. I am looking to take profit at 0.67711, 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 ContinuationOn H4 chart, we have a bullish bias for AUDUSD with the price moving above the Ichimoku cloud. Looking for a pullback buy entry at 0.65473, where the 38.2% Fibonacci line is located. Stop loss will be at 0.63864, where the previous swing low and 61.8% Fibonacci line is located. Take profit will be at 0.68842, slightly below where the previous swing high and 78.6% Fibonacci line are.
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 | 21st November 2022On the H4 chart, the overall bias for AUDUSD is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . We are looking for a buy at 0.65398, where the 50% Fibonacci line is. Stop loss will be set at 0.64076, where the previous swing low is. I am looking to take profit at 0.67711, 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 at a key support levelThe AUDUSD has continued its slide to the downside as the price approaches the near-term low of 0.6640.
Look for continual strength of the DXY to weigh on the AUDUSD, bringing the price lower beyond the previous swing low (17th November) and 38.20% fib level.
With no major news for the AUDUSD, if the price breaks beyond the current price level of 0.6640, the AUDUSD could fall significantly lower toward the next support level of 0.6520.
Alternatively, if the price fails to break the support level, the AUDUSD could continue to range between 0.6640 and 0.68