AUDUSD clear downtrend signal AUDUSD breakdown at daily resistance, will probably sell off at previous support after an head and shoulder formation, target at previous support
Aud-usd
AUDUSD | 15m Trade Plan | Intraday15m: Can observe BoS and Swing Low
The price is now consolidating.
Plan A: As soon as the market takes buy-side liquidity, take a short position, followed by a 15m bearish confirmation.
Plan B: As soon as the market takes sell-side liquidity, take a long position, followed by a 15m bullish confirmation.
Plan C: Take a flip entry accordingly.
Do not deviate from the process; take entries in the 15m kill zones.
Could the Aussie reverse from here?The price is currently reacting off the pivot which acts as a pullback resistance and could drop to the 1st support identified as an overlap support.
Pivot: 0.6799
1st Support: 0.6753
1st Resistance: 0.6852
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDUSD => The Aussie Is Playing Against The Weekly ResistanceHey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.68400 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at the weekly 0.68400 resistance area.
Trade safe, Joe.
Falling towards 38.2% Fibonacci support?The Aussie (AUD/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as an overlap resistance.
Pivot: 0.5579
1st Support: 0.6642
1st Resistance: 0.6752
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could the Aussie reverse from here?The price is currently at the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci projection and could drop from this level to our take profit.
Entry: 0.6752
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci projection.
Stop loss: 0.6865
Why we like it:
There is a pullback resistance level which lines up with the 100% Fibonacci projection.
Take profit: 0.6643
Why we like it:
There is an overlap support level which is slightly below the 23.6% Fibonacci retracement.
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 Excellent sell opportunity approaching.The AUDUSD pair is approaching the 1-year Resistance Zone that has been in effect since June 2023 and has to this date priced 4 rejections. As long as the 1W MA200 (orange trend-line) holds, the market will continue to apply extreme selling pressure every time the price hits that Zone.
Wait for the most optimal sell entry on this level and target the top of the Support Zone at 0.63650. Notice also how perfectly the 1W RSI has been trading within a Rectangle and is also approaching its top, i.e. the most optimal long-term sell entry.
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Bearish reversal?AUD/USD is reacting off the resistance level which is a pullback resistance that is slightly below the 88% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6728
Why we like it:
There is a pullback resistance level which is slightly below the 88% Fibonacci retracement.
Stop loss: 0.6798
Why we like it:
There is a pullback resistance level.
Take profit: 0.6643
Why we like it:
There is an overlap support level which lines up with the 50% Fibonacci retracement.
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.
Bearish reversal?The Aussie (AUD/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 0.6716
1st Support: 0.6641
1st Resistance: 0.6797
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.67500 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.67400 support and resistance area.
Trade safe, Joe.
AUDUSD: Bearish Stocks and Trend BreakoutHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66000 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.66000 support and resistance zone.
We would like to consider the current bearish bias on stocks, due to the positive correlation AUDUSD should trade under pressure.
Trade safe, Joe.
Bullish bounce?AUD/USD is falling towards the support level which is an overlap support that is slightly below the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 0.6567
Why we like it:
There is an overlap support level which is slightly below the 38.2% Fibonacci retracement.
Stop loss: 0.6514
Why we like it:
There is a pullback support level which lines up with the 78.6% Fibonacci retracement.
Take profit: 0.6641
Why we like it:
There is an overlap resistance level.
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.
Bearish drop?The Aussie (AUD/USD) is reacting off the pivot and could potentially drop to the 1st support which acts as an overlap support.
Pivot: 0.6636
1st Support: 0.6567
1st Resistance: 0.6711
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUD/USD Reversal: Bullish MomentumThe AUD/USD pair has shown signs of recovery after dipping to the 0.63500 level, with the price currently rising around 0.6595. This rebound is partly fueled by the US Dollar (USD) facing challenges due to growing expectations of a potential interest rate cut by the Federal Reserve (Fed) in September. However, the pressure on the USD might ease as the likelihood of a 50-basis point rate cut at the Fed's September meeting diminishes.
From our perspective, we anticipate that the AUD/USD will continue its upward trajectory, potentially reaching the Supply zone around 0.6700, with a possibility of extending higher to 0.6800. This target area is crucial for evaluating the next strategic move. The current market sentiment indicates that Smart Money is positioning itself long, while Retail traders are predominantly short. This imbalance suggests a potential increase in the value of the Australian Dollar (AUD) as the pair gains momentum.
Given these factors, our focus is on monitoring the price action as it approaches these key levels. We expect that once the price reaches the 0.6700 to 0.6800 range, a potential setup may emerge, providing an opportunity to capitalize on the AUD's strengthening against the USD. This analysis aligns with the broader market dynamics, indicating that the AUD is poised for further gains in the near term.
✅ Please share your thoughts about AUD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
AUDUSD | 15m Trade Plan | Intraday 15m: Marked the latest supply / strong resistance zones
@15m Killzones:
Plan A (51% probability): The market is likely to sweep the entire buy-side liquidity and then move towards a bearish trend.
Plan B (49% probability): If there's a potential supply-to-demand flip, the market is likely to move bullish.
Based on 15m clear confirmations after the liquidity sweep or flip, take a long or short position accordingly, depending on the bullish or bearish confirmations.
React only during killzones; do not take entries outside of these times.
Sell AUD/USD Wedge BreakoutThe AUD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.6584, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.6525
2nd Support – 0.6490
Stop-Loss: To manage risk, place a stop-loss order above 0.6610. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
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Thank you.
AUDUSD | Trading Plan | 15m15m:
A bearish Break of Structure (BoS) is clearly visible after the buy-side liquidity sweep.
I've marked the bearish leg and identified a valid supply zone.
I'm now waiting for a sell-side liquidity sweep to enter a long position until market mitigates the above supply zone.
After the supply zone is mitigated or buy-side lq sweep, will wait for a bearish confirmation appears on the 15m chart, I'll look for a short position again.
"Primarily, we need to focus on opportunities during kill zones and ignore any setups outside of these times."
AUD/USD has a strong bullish momentum, could it rise further?AUD/USD has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance level which is also a pullback resistance.
Pivot: 0.6567
1st Support: 0.6515
1st Resistance: 0.6634
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUD USDTHIS IS MY SETUP FOR AUD USD
I use Fibonacci to get these extreme points and my preferred one is 80% retracement, with a risk-reward of 1:4.
Trade carefully
This is not financial advice, DYOR.
Bullish momentum to extendd?AUD/USD has reacted off the resistance level which is a pullback resistance and could potentially rise to our take profit.
Entry: 0.6567
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.6514
Why we like it:
There is a pullback support level.
Take profit: 0.6621
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
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.
Rising towards 50% Fibonacci resistance?AUD/USD is rising towards the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6567
Why we like it:
There is a pullback resistance that lines up with the 50% Fibonacci retracement.
Stop loss: 0.6620
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Take profit: 0.6476
Why we like it:
There is a pullback support level.
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.
Overlap resistance ahead for the Aussie?The price is rising towards the pivot and could reverse to the 1st support.
Pivot: 0.6559
1st Support: 0.6465
1st Resistance: 0.6624
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDUSD Is Approaching The DowntrendHey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.656000 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65600 support and resistance area.
Trade safe, Joe.
