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Aud-usd

AUDUSD H1: Bullish outlook seen, further upside above 0.6330On the H1 time frame, prices are facing bullish pressure from the support zone at 0.6330, in line with the 78.6% Fibonacci level. A throwback to this area presents an opportunity to play the bounce to the next resistance zone at 0.6400, which coincides with the descending trend line and 50% Fibonacci retracement. Stochastic is testing the support level at 7.46 as well where we could see more upside above this level, supporting the bullish bias.
Long
by T3-Consultancy
InvestMate|AUD/USD Perfect time to buy🦘AUD/USD Perfect time to buy. 🦘Can we say that with this pair we are in an ideal place to buy? 🦘It seems to me that in the case of this pair we have already reached the current lows. 🦘Following the 75 point hike in the US interest rate on 2 November, the market assumes that the next one will be only 50 points and looking at the economic situation the FED does not have such a push to raise rates anymore. 🦘Today, 3 November, we also got important data on the trade balance, which positively surprised investors with high increases, far better than what the market was pricing in. 🦘1 November we also had the interest rate decision in Australia, which rose to a level of 2.85%, far less than the market was expecting, with the increase reaching 3.1%. 🦘But looking at inflation which is already reaching new highs of 7.3% definitely more than most expected. Looking at this perspective of a small increase in interest rates, we can only expect further increases in the current economic situation. 🦘What's different in the US where inflation has been slowing for more than 4 months now and the next reading will be on 10 November. Which puts an effective brake on future rate hikes. 🦘Looking at the last few weeks, we see clear signs of a weakening trend of dollar appreciation and the market is slowly discounting a gradual weakening of the dollar against other currencies. 🦘Turning to the chart. 🦘We see that we bottomed on 13 October. 🦘The uptrend has already been in place since 5 April this year. 🦘More importantly looking at the current medium term outlook we have today found ourselves at a very important support line, which in the past has been almost unbreakable resistance, repeatedly tested from below currently could be a strong support zone for the price. 🦘This looks like an ideal place to play the upside. 🦘Looking also at the fact that it is a fibo level of 0.5 or 50% of the entire upward wave from the bottom to the current peak. 🦘Only confirms me in my assumptions. 🦘Taking long positions at the current moment the most sensible option would be to set a stop order below the 0.63 level where the next strong level of the 0.618 upward wave is located with profit potential at new highs and for the patient even above them. 🦘 The high risk ratio may compensate for the time to wait for the position to materialise. 🚀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.🚀
Long
by InvestMate
3
AUDUSD Potential for Bullish Momentum | 2nd November 2022On the H4 chart, the overall bias for AUDUSD is bullish. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. With price tapping into our buy entry at 0.63934, where the 38.2% and 61.8% Fibonacci lines are located. We are looking to take profit at 0.65224 where the previous high and 100% Fibonacci line are located. I have a relatively safe stop loss set at 0.63306, which is slightly below where 2 of the 50% Fibonacci lines are located. 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.
Long
by Rockqet
4
AUDUSD Potential For Bullish RiseOn H4, with the price breaking the descending channel and above ichimoku cloud , we have a bullish bias that the price may rise from the buy entry at 0.63885, which is in line with the swing low support and 38.2% fibonacci retracement to the take profit at 0.65335, where the 38.2% fibonacci retracement is. Alternatively, the price may drop to the stop loss at 0.63027, which is in line 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.
Long
by VantageMarkets
Buying AUDUSD close to market.AUDUSD - 13h expiry - We look to Buy at 0.6400 (stop at 0.6355) Previous support located at 0.6368. Buying pressure from 0.6377 resulted in prices rejecting the dip. Further upside is expected although we prefer to buy into dips close to the 0.6400 level. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 0.6530 and 0.6650 Resistance: 0.6650 / 0.6770 / 0.6910 Support: 0.6400 / 0.6170 / 0.5945 Disclaimer – Saxo Bank Group. 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 any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and 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. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Long
by Saxo
1
AUDUSD on a retracement move 🦐AUDUSD on the 4h chart is trading at the recent lows. The price has started a choppy move between an ascending trendline and a minor resistance and a retracement to the upside can be expected. How can i approach this scenario? I will wait for the break of the structure and if the price will satisfy the Plancton's strategy rules i will set 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
by InkyGrip
20
AUDUSD Potential For Bullish RiseOn H4, with the price breaking the descending channel and above ichimoku cloud , we have a bullish bias that the price may rise from the buy entry at 0.64079, which is in line with the swing low support to the take profit at 0.65335, where the 38.2% fibonacci retracement is. Alternatively, the price may drop to the stop loss at 0.63027, which is in line 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.
Long
by VantageMarkets
AUDUSD H1: Bullish outlook seen, further upside above 0.6390On the H1 time frame, prices are testing the support zone at 0.6390, in line with the Fibonacci confluence levels where we could see further upside to the resistance zone at 0.6480. The 0.6480 resistance zone coincides with the graphical resistance and 78.6% Fibonacci retracement. Stochastic is bouncing off the support at 8.24 support as well and seeing a bullish divergence as highlighted in green, supporting the bullish bias.
Long
by T3-Consultancy
AUDUSD Potential For Bullish RiseOn H4, with the price breaking the descending channel and above ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 0.64079, which is in line with the swing low support to the take profit at 0.66741, where the 50% fibonacci retracement is. Alternatively, the price may drop to the stop loss at 0.63027, which is in line 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.
Long
by VantageMarkets
AUDUSD 4hour Analysis October 30th, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: AU is looking newly bullish as the 4hour timeframe recently broke above 0.64000 and is attempting to form a higher low. Look for strong bullish rejection and target higher toward 0.65500 Trade scenario 2: For us to see AU as bearish again on the 4hour timeframe we need to see a break back below 0.64000 with a lower high below showing us strong bearish rejection.
Long
by ForexLeague
AUD/USD incoming Retracement(80 pips)Hello Traders 2 major events will affect AUD/USD in the upcoming week. First RBA Interest Rate decision. Second FED Interest Rate decision. So we should expect high volatility in the following week. So here is why we are bearish on AUD/USD: 1- Iron ore price dumped hard. 2- 0.25 bps RBA interest Rate has been already priced. 3- 0.75 bps FED interest Rate will affect minor pairs like AUD & NZD strongly. Technically: 1- RSI and Stochastic are dropping. 2- Price has touched a strong resistance at 0.65. 3- Also Price has made a lower low that indicates a bearish trendline in the short term. We expect to visit ZONE 1 one more time in the next few days. Targets have been shown in the chart. If you like it then Support us by Like, Following and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by FortunaInvestments
The week ahead - AUD (31 October 2022)AUDUSD reversed from the 0.6520 high last week to sit just above the 0.64 support level, ending the 250pip swing last week. The RBA interest rate decision is due on Tuesday and the expectation is for a rate hike of 25bps taking interest rates from 2.60% to 2.85%. In the previous meeting, the RBA conveyed that it was looking to tune back on the scale of future rate increases. However, recent CPI data from Australia indicated that inflation was still increasing, which might force the RBA to rethink the decision to slow down on the rate hikes. From the previous RBA rate decision, the price spiked up but was not able to sustain a move higher, only to trade lower later into the week. (check the previous RBA interest rates analysis) Check the DXY analysis, if the DXY does strengthen due to the FOMC interest rate decision, the AUDUSD could first fluctuate along the 0.64 price level before trading lower towards the 0.6170 support level.
Short
by JinDao_Tai
1
AUDUSD Repeating this fractal can get the price lower.The AUDUSD pair has been trading within a Bearish Megaphone since the August 11 High, which was a direct rejection on the 1D MA200 (orange trend-line). In the last two days, the price is pulling back again after a 2-week rally that pushed it near the top (Lower Highs trend-line) of the Bearish Megaphone and the 1D MA50 (blue trend-line). Technically a rejection there alone is a sell signal towards at least the October 13 Low. With a more careful look and the help of the 1D RSI, we can see that the Megaphone's price action resembles the April 05 - June 06 sequence (so far). We have plotted that pattern on the Megaphone's price action and as you see, they are very similar. That fractal got rejected on its flat Resistance (black line) as the pair did now, and after dropping to the previous Low, it made a bearish extension near the 1.382 Fibonacci level. The invalidation point of this projection is a closing above the Top (Lower Highs trend-line) of the Bearish Megaphone and the 1D MA50. In that case, we will target the June 03 Lower Highs trend-line (dashed) and the 1D MA200 (orange trend-line), a break above which, could target the flat May 05 Resistance Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
3
AUDUSD Potential For Bullish RiseOn H4, with the price breaking the descending channel and above ichimoku clou, we have a bullish bias that the price may rise from the buy entry at 0.64101, which is in line with the overlap support to the take profit at 0.66741, where the 50% fibonacci retracement is. Alternatively, the price may drop to the stop loss at 0.63456, which is in line 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.
Long
by VantageMarkets
AUDUSD Potential For Bullish RiseOn H4, with the price breaking the descending channel and above ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 0.64551, which is in line with the 23.6% fibonacci retracement to the take profit at 0.66741, where the 50% fibonacci retracement is. Alternatively, the price may drop to the stop loss at 0.63456, which is in line 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.
Long
by VantageMarkets
AUDUSD Potential For Bullish RiseOn H4, with the price breaking the descending channel and above ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 0.64047, which is in line with the 23.6% fibonacci retracement to the take profit at 0.65301, where the 38.2% fibonacci retracement and previous swing high are. Alternatively, the price may drop to the stop loss at 0.62809, which is in line 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.
Long
by VantageMarkets
1
AUD USD - FUNDAMENTAL DRIVERSAUD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE Ongoing issues with China’s economy remain a question mark for the AUD. As long as China’s potential for recovery remains uncertain, the path for the AUD remains the same. The RBA surprised this past week with a 25bsp hike, sparking some speculation that the bank could be finalizing their hiking cycle sooner than expected (STIR markets priced out close to 75bsp from the terminal rate after the decision). As always risk sensitivity needs to be kept in mind for the AUD, and that means Q3 earnings season needs to be kept on the radar this incoming week. On the data side markets will be eyeing the QQ CPI print as well. POSSIBLE BULLISH SURPRISES Data showing China’s growth outlook is improving or surprise announcement at the CCP congress that Covid-zero will end could provide upside for the AUD. As a risk sensitive currency, catalysts that causes big bouts of risk on sentiment could trigger bullish reactions in the AUD. Catalyst that triggers recovery in key export commodities (China stimulus, lifting covid restrictions, new infrastructure projects in China) should be supportive for the AUD. The RBA caught markets by surprise with their 25bsp hike this past week. Any push back from the RBA stressing a smaller hike doesn’t mean a lower terminal rate can be AUD positive. POSSIBLE BEARISH SURPRISES Data showing China’s growth outlook is deteriorating or strong affirmation that the covid-zero policy is here to stay could add additional pressure on the AUD. As a risk sensitive currency, catalysts that causes big bouts of risk off sentiment could trigger bearish reactions in the AUD. Catalyst that triggers further weakness in key export commodities (additional China restrictions, demand destruction) could be negative for the AUD. The RBA caught markets by surprise with their 25bsp hike this past week. Any push back from the RBA stressing a smaller hike doesn’t mean a lower terminal rate can be AUD positive. BIGGER PICTURE The AUD’s outlook remains neutral but is largely dependent on China and whether key commodities like Iron Ore and Coal can stop their bleeding. Until the covid situation and property issues in China improves materially, and until commodities and China’s growth stabilizes, the AUD is best suited for short-term trades in line with strong short-term sentiment. For the week ahead the focus is threefold with earnings season in the US an important risk sentiment driver, secondly, we have quarterly CPI data due on Wednesday and the Federal Budget due on Tuesday. USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE With headline CPI above 8% and Core CPI seeing another acceleration in the SEP CPI data, the Fed is under pressure to continue hiking rates and ramping up QT. Markets expect another 75bsp hike in NOV and currently prices the terminal rate at 4.8%. The Fed is on a data-dependent (meeting-by-meeting) policy stance, meaning incoming growth, inflation and jobs data remains a key driver for short-term USD volatility where we expect a cyclical reaction with incoming data for both the USD and US10Y (good data expected to be supportive for the USD while bad data is expected to pressure the USD). Even though the USD had good composure for the majority of the week, the WSJ article, BoJ intervention and less hawkish comments from Fed’s Daly saw a strong push lower in the DXY . Given what has been priced for the USD and yields, the Daly comments and WSJ article gives us a short-term downside bias for the USD in the week ahead. POSSIBLE BULLISH SURPRISES With the Fed signalling a data dependent policy stance, we expect a cyclical reaction from the USD with incoming US data. Thus, extremely good growth, inflation or jobs data is expected to trigger short-term bullish reactions in the USD. If the cyclical outlook continues to weaken, the USD’s safe haven status still matters. Any incoming catalysts that increase deep recession fears and triggers strong moves lower in risk assets & bonds can trigger safe haven flows into the USD. With a lot priced for the Fed and USD, the bar is high for hawkish Fed surprises, but any aggressive Fed speak talking up a >5.0% terminal rate can trigger further USD upside. POSSIBLE BEARISH SURPRISES With the Fed signalling a data dependent policy stance, we expect a cyclical reaction from the USD with incoming US data. Thus, extremely bad growth, inflation or jobs data is expected to trigger short-term bearish reactions in the USD. If the cyclical outlook starts to improve, the USD’s safe haven status still matters. Any incoming catalysts that decrease deep recession fears and triggers strong moves higher in risk assets & bonds can trigger safe haven outflows out of the USD. With a lot priced in for the Fed and the USD, it won’t take much to disappoint on the dovish side. Any big concerns about growth from Fed speakers could trigger outflows. BIGGER PICTURE The fundamental outlook for the USD remains bullish as long as the Fed stays hawkish and cyclical concerns put pressure on risk sentiment. The data dependent stance from the Fed means that short-term data surprises can pull the USD either way and would be our preferred way of trading the Dollar right now. The econ calendar is slightly more exciting compared to last week with S&P Global PMI, Consumer Confidence and Core PCE, but after the Fed Daly comments and the WSJ article we suspect the USD could trade softer next week as the Fed enters their blackout period from Saturday.
by thunderpips
3
AUD/USD Outlook (26 October 2022)The AUDUSD is once again testing the 0.64 resistance level. This current move higher is due to the weakness in the DXY as the price trades lower toward the 110 support level. However, for the AUDUSD to trade above the 0.64 resistance level, and to sustain a continual move higher, look toward the CPI data to be released (Forecast: 1.6% Previous 1.8%) If the CPI data gets released below 1.6%, this could signal that recent rate increases from the RBA are taking effect. Which would further indicate that future rate hikes could either slow down or be done at a smaller scale. Which could in turn help the AU economy avoid a possible recession, leading to the AUDUSD trading higher. The next key resistance level is 0.6545.
Long
by JinDao_Tai