Aud-usd
AUDUSD Potential for bullish momentumOn the H4, with price moving above the ichimoku cloud and breaking out of the descending trend channel and moving in an ascending support, we have a bullish bias that price will rise to the buy entry at 0.69885 at the overlap resistance in line with the 78.6% fibonacci retracement. Once there is upside confirmation of price breaking entry structure, we would expect bullish momentum to carry price to the take profit at 0.70677 at the swing high resistance. Alternatively, price may reverse off entry structure and drop to the stop loss at 0.68966 at the pullback support.
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AUDUSD 4hour Analysis July 25th, 2022AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: AU is looking very bullish since we broke back above our daily 0.68500 zone.
Going into this week price action is strongly suggesting we will continue bullish so either price action will rally from where it is now and shoot higher toward 0.70000 or we will have a great opportunity to enter on a higher low (the blue trade path)
Trade scenario 2: If we are to consider AU bearish again we would need to see a break back below 0.68500 with a confirmed lower high.
AUD/USD Outlook (25 July 2022)The AUDUSD climbs from the support level of 0.67 following RBA Gov Lowe's comments about expecting further interest rate increases as the RBA tries to stem inflation growth.
Price reached 0.6950 on Friday as the DXY weakened due to contractionary PMI data, before retracing to test the round number support of 0.69
With the hawkish AUD and dollar weakness expected to continue in the lead-up to the Federal Reserve rate decision on Thursday morning, look for further upside on the AUDUSD.
The next resistance level is at 0.7050 which also coincides with the resistance of the upward channel.
AUDUSD Supply And Demand Analysis-Current trend = downtrend/ sideways
-Price inside 4hr RBD supply
-Strong dollar + weak AUD
-Looking for shorts on 5/15min timeframe
but waiting for 2x confirmation + a quality zone.
AUDUSD 4hour Analysis July 17th, 2022AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are clearly overall bearish on AUDUSD but price action has been bouncing between 0.68000 resistance & 0.67000 support for a while.
The most likely scenario is a bearish continuation. Look for strong reversals from 0.68000 to then target lower. We are technically in a range so high quality price action setups only will be considered close to 0.68000
Trade scenario 2: For us to shake the bearish trend and consider AU more bullish we would need to see a massive rally that breaks 0.68500. This is where we have significant 4hour bearish structure that needs to be broken.
After a break of 0.68500 we want to see bullish structure above 0.68500 in the form of a higher low.
AUDUSD a turn at the 0.786 🦐AUDUSD on the 4h chart after the recent low over the daily support retraced to the 0.786 Fibonacci.
The price is now creating an inversion after a double test of the resistance sructure.
How can i approach this scenario?
I will wait for the EU market open and if the market will break below will set a nice short order according to the Plancton's strategy rules.
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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 remains under pressure, lower prices expectedAUDUSD - Intraday - We look to Sell at 0.6840 (stop at 0.6890)
Buying pressure from 0.6730 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 0.6700 and 0.6540
Resistance: 0.6970 / 0.7130 / 0.7230
Support: 0.6540 / 0.6000 / 0.5845
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Double Top Pattern On AUD/USD - 4 Hour Hi Traders,
Happy Tuesday.
Today we are looking at AUD/USD
Before we get into it, can we all just acknowledge the fact that the Euro and the US Dollar is officially one-to-one. The last time this was seen was in 2002. Twenty years ago. It's quite something to see. We are living in interesting times. The DXY is still rocketing upwards. Other markets are falling. As a trader, we love volatility right. That’s our bread and butter. And because we trade constantly, we’re the first people to see these moves before the rest of the world finds out. I think we should remember not to take this ability for granted. You’ve worked hard to be where you are and thankfully if you are a consistently profitable day trader, then you can take advantage of price swings like this. The rest of the world cant. So, let's remember to be grateful every day.
Ok, let's move on to AUD/USD
We are on the 4-hour time frame.
The price has been bearish and still is. However, we may have a Double top playing out in this time frame. As you can see I have placed two arrows indicating where the tops are. I have also highlighted the neckline in yellow. The price moved straight through this neckline and is currently sitting way below it. We have very strong bearish volume at the same time.
So what I would like to see is the price slowly come back up to the neckline, which is also the previous Support flipped resistance. This is a zone that has a lot of interest so I'm happy with it being a neckline zone.
Moving to Volume, we have seen nothing but bearish volume, but what I would like to see with that possible retrace up to the neckline, is bullish volume, but we don’t want overpowering bullish volume with the retrace because that could indicate a possible reversal and we would most likely be stopped out. So we want to see bullish volume lower than this previous impulsive bearish volume we have been seeing.
Moving to the MACD, we have divergence across the two tops of the Double Top. We can see this on the Histogram. Buyers were weakening and this just confirms our bearish bias because as we are trading with the trend remember. So we are looking for opportunities to go short.
So on that note, let's watch and see what happens.
I will be seeing you all on the next one.
Hope you all have a great day!
The Vortex Trader
AUDUSD 1330 PIP LONG!AUDUSD LONG
Why are we entering?
- Expecting AUD strength and USD weakness
- We have completed our bullish corrective wave and we are now at point C & our 1.272 fibonacci level where we are expecting a bullish impulse
- We have completed our 5 subwaves down to our channel support where we are expecting strength
What are we waiting for to happen?
- Price to reject our 1.272 fibonacci level zone
- Rejection of structure level
Entry
SAFE Entry: Rejection of structure level & 1.272 fib level zone with a break of descending WFB trendline
Risk Entry 1: Rejection of structure level & 1.272 fib level zone
Risk Entry 2: Early break of descending WFB trendline
What is our confirmation?
- Rejection of fibonacci, structure level and channel support
- Break of WFB trendline
Once entered, where will our Stoploss be?
- Below the structure (above 0.674) 30 pips
- Move SL to BE after running 30 pips
Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP - Structure level : 0.726 (490pips)
- Final TP - Structure level : 0.81 (1330pips)
AUDUSD LONG 1330 PIPS!AUDUSD LONG
Why are we entering?
- Expecting AUD strength and USD weakness
- We have completed our bullish corrective wave and we are now at point C & our 1.272 fibonacci level where we are expecting a bullish impulse
- We have completed our 5 subwaves down to our channel support where we are expecting strength
What are we waiting for to happen?
- Price to reject our 1.272 fibonacci level zone
- Rejection of structure level
Entry
SAFE Entry: Rejection of structure level & 1.272 fib level zone with a break of descending WFB trendline
Risk Entry 1: Rejection of structure level & 1.272 fib level zone
Risk Entry 2: Early break of descending WFB trendline
What is our confirmation?
- Rejection of fibonacci, structure level and channel support
- Break of WFB trendline
Once entered, where will our Stoploss be?
- Below the structure (above 0.674) 30 pips
- Move SL to BE after running 30 pips
Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP - Structure level : 0.726 (490pips)
- Final TP - Structure level : 0.81 (1330pips)
AUDUSD 4hour Analysis July 10th, 2022AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking bearish here on AU and price action looks to be setting up for a nice short opportunity pretty soon.
Ideally, we can spot a clear reversal around 0.68500 with strong bearish setups to enter on. Look to target lower toward major support levels.
Trade scenario 2: For us to consider AU bullish again we would need to see a break of 0.68500 resistance with structure in the form of a higher low above.
AUDUSD ForecastIn TECHNICAL ANALYSIS .
AUDUSD Show a clear Order Block on 4 Hour.
Confluences which validates this order block are as follows:-
1. It has broken structure.
2. Lies with in Premium Supply.
3. Their is in efficient Price Action( Imbalance to be filled).
4. Unmitigated Order Block.
5. Liquidity Taken.
Trade Safely.
.
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More PIPS to come.
AUDUSDQ1 0.7 - 0.675
Over the last 2 months this price point has seen
weakening buyer over time as we approach 0.675
expect a relief rally of sellers that have gotten in near the top of the quarter.
21 day
14 day Vwap
These show us the momentum of the chart has been to the downside
If we were wanting the best entry we would wait
till price gets closer to the 14 - 21 day Vwap and possible above
AUDUSD a turn at the 0.618 🦐AUDUSD on the 4h chart after the recent lowe retraced to the 0.618 Fibonacci
The price is now creating an inversion and is trading above the 0.5.
How can i approach this scenario?
I will wait for the EU market open and if the market will break below will set 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
AUD/USD Outlook (6 July 2022)The AUDUSD tracked lower from the 0.6850 level due to pressures from the DXY climb. The DXY strength was primarily due to the weakness in the Euro and the increasing concern of a global recession.
Look for further downside as the AUD continues to be weighed down by depressed commodity and the expectation of lower economic activity and demand from a recession.
The RBA hiked rates by 50bps taking Australian overnight rates to 1.35%. However this move had been signalled early on and is likely to have been priced in. A rate hike is also likely to bring the Australian economy onto the path of a recession.
Therefore, AUDUSD could retrace towards 0.6850 but look for a reversal from the current level of 0.68, down towards support level of 0.67
AUDUSD at the bottom of long-term Channel Down. Critical test!The AUDUSD pair has been trading within a long-term Channel Down pattern since the February 25 2021 market top. As we pointed out on our previous analysis on this pair, the trend remains bearish unless we get a candle closing above the 1D MA200 (orange trend-line):
In fact as you see, we got an emphatic rejection on the 1D MA200 instead, the 2nd within this 1.5 year long Channel Down pattern. Right now the price is on the Lower Lows (bottom) trend-line of this pattern, having marginally broken below the 0.67780 Gap. A closing below the Channel opens the way for the next Gap around 0.64000, in a similar sell-off fashion as the March 2020 break-down.
As a result, a tight SL buy here is most optimal with low risk, targeting the 0.5 Fib (middle of Channel Down) and then break-out but if we close above the 1D MA200. But if the SL gets hit be quick to reverse to a sell targeting the 0.6400 Gap but take no risk, constantly moving the SL on break-even/ then on profit.
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