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AUDUSD forming a bottom?AUDUSD - Intraday Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The selloff has posted a correction count on the daily chart. We are trading at oversold extremes. Preferred trade is to buy on dips. We look to Buy at 0.6480. We look to Buy at 0.6480 (stop at 0.6456) Our profit targets will be 0.6540 and 0.6555 Resistance: 0.6520 / 0.6550 / 0.6575 Support: 0.6480 / 0.6460 / 0.6435 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
AUDCAD:Bearish stocks and potential downsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.88200 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88200 support and resistance area. The prevailing bearish sentiment in the stock market is poised to exert downward pressure on AUDCAD, primarily due to the pair's correlation with equities. As AUD is considered a commodity-linked currency and often moves in tandem with global stock markets, the recent downturn in stocks has contributed to a positive correlation between AUD and AUDCAD. Consequently, the ongoing bearish momentum in equities is expected to translate into downward movements in AUDCAD, reflecting the interconnectedness between currency pairs and broader market dynamics. Trade safe, Joe.
Short
by JoeChampion
AUDUSD - Wait For The Trigger 🏹Hello TradingView Family / Fellow Traders, On Daily: Left Chart AUDUSD has been bearish but it is currently approaching a robust support zone so we will be looking for buy setups on lower timeframes. On H1: Right Chart 📈 For the bulls to take over, we need a momentum candle close below above the neckline highlighted in gray. 📉 Meanwhile, AUDUSD would be bearish short-term and can still trade lower inside the daily support. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
AUD/USD remains trapped beneath its 200-day EMAAUD/USD fell from the late-December high to mid-January low in a fairly straight line, so it is no surprise to see prices have consolidated. However, the consolidation cannot last forever so we're looking for its next directional. Given the Aussie has failed to rally despite 'good news' from China, perhaps a spell of bad news could send it lower. That, or a softer-than-expected inflation report on Wednesday. The daily chart shows the Aussie has repeatedly failed to post a daily close above its 200-day EMA, and has left a series of shooting star candles along the way. Bears could consider fading into retracements towards the 200-day EMA wit a stop well above it, and target the 0.6500 - 0.6520 support zone. AN RSI (2) above 90 could also help time a short trade as it could indicate a near-term top.
Short
by CityIndex
AUDUSD possible short, AUD weakness.The AUDUSD market is showing signs of weakness (in favor of the USD) after NFP news on Friday. Thursday reversal in London (as shown in the hourly chart) was a clear manipulation move taking the buy side liquidity from the Asian session. The daily is showing a bearish bias, breaching recent swing lows. We also can see that the swing lows from 11/2 and 12/7, were breached. The trade setup is to wait for a possible retracement towards the 0.618 or 0.786 Fib levels from the measurement of the impulse in the 1H after the NFP. Ideally, this setup will form either during the London or NY session for a possible move lower and continuation of the bearish bias. Initial target would be lows of Friday or lower low after a possible run of the liquidity below Friday's lows. This is a trade idea, for information purposes only. Trade at your own risk. If you decide to follow this idea, position yourself following your risk management plan.
Short
by dfgaviria
AUD weaknessAUD has been weak across the board and is giving potential opportunities to go short. In AUDCAD the Daily bias is bearish and could continue lower. The D chart presented us with a SWH with its 3rd candle lows being breached by today's price action. Ideally in the 1H, the chart will set itself up either in London (2am) or NY session (7am-9am) for a short after a possible run into liquidity stablished by highs of Feb 1st Asian session, which is standing right in the zone of the 0.618 and .786fib. This could be sell opportunity targeting Feb 1st lows.
Short
by dfgaviria
1
AUDJPY Bearish Stocks and potential downsidesHey Traders, in tomorrow's trading session we are monitoring AUDJPY for a selling opportunity around 96.900 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 96.900 support and resistance area. Fundamentally we would like to consider the current pressure on stocks. The Australian dollar is considered a commodity currency, meaning its value is influenced by commodity prices, particularly those of key Australian exports like iron ore and coal. When global stock markets are performing well, it tends to reflect positive investor sentiment and increased demand for commodities, which can lead to a stronger Australian dollar. As a result, AUD/JPY may show a tendency to move in tandem with global stock indices during periods of market optimism.
Short
by JoeChampion
5
AUDUSD: Technical Breakout Amid Fed's Powell WarningIn today's trading session, our focus is on AUDUSD, where we're eyeing a selling opportunity around the 0.65200 zone. Technically, AUDUSD has been in an uptrend, but there are indications of a potential breakout to the downside. If the price dips below the 0.65200 support level, we anticipate a retracement of the breakout towards lower levels. Adding a fundamental layer to our analysis, recent remarks by Federal Reserve Chairman Jerome Powell have influenced our outlook on the US dollar. Powell's statement, made yesterday on January 31st, indicated that there won't be any rate cuts in March. This commentary has led to expectations of potential strength in the US dollar as it suggests a more hawkish stance by the Fed regarding monetary policy. Given this fundamental development, we anticipate that any further weakness in AUDUSD could be exacerbated by potential dollar strength following Powell's warning. Traders should monitor the market closely for confirmation of the breakout and be prepared for possible downside momentum in AUDUSD. Trade safe, Joe.
Short
by JoeChampion
GBPAUD (and EURAUD) Looking at more upside to comeTradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Likely more upside to come,let's see! Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
GBPAUD: Technical Uptrend with Fundamental InsightsHey Traders, in the coming week we are monitoring GBPAUD for a buying opportunity around 1.93200 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.93200 support and resistance area. Now, let's delve into the fundamental aspect: Recent remarks from Huw Pill, the chief economist at the Bank of England, have stirred market interest. Pill hinted at the possibility of a shift in the central bank's stance regarding interest rates. His cautionary comments, particularly regarding geopolitical risks like those in the Middle East, suggest a nuanced approach to future rate decisions. This fundamental layer adds depth to our technical analysis, emphasizing the importance of monitoring central bank commentary alongside price action for strategic trading decisions.
Long
by JoeChampion
1
EURUAD I Detailed analysis ahead of AUD Cash Rate ReportWelcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy
2
AUDCAD: What's the link between AUDCAD and dollar strength?In today's trading session, our focus is on AUDCAD, where we're eyeing a selling opportunity around the 0.88600 zone. AUDCAD is currently in a downtrend and undergoing a correction phase, approaching the trend at the 0.88600 support and resistance area. However, a fundamental layer adds depth to our analysis, as AUDCAD exhibits a correlation with stocks. Given the current strength of the dollar, there's potential for pressure on stocks, which in turn could influence a downward trend in AUDCAD. As we assess the dynamics of AUDCAD, it's crucial to consider the broader market context. The strength of the dollar often impacts various asset classes, including stocks. A strong dollar typically leads to lower demand for commodities, which can weigh on commodity-linked currencies like the Australian dollar. Consequently, AUDCAD tends to mirror fluctuations in stock markets, especially during periods of heightened volatility or shifts in investor sentiment.
Short
by JoeChampion
AUDJPY to find sellers at market?AUDJPY - Intraday Broken out of the channel formation to the downside. We look to sell rallies. We expect a reversal in this move. Risk/Reward would be poor to call a sell from current levels. A move through 96.25 will confirm the bearish momentum. We look to Sell at 96.80 (stop at 97.30) Our profit targets will be 95.60 and 95.40 Resistance: 96.80 / 97.00 / 97.25 Support: 96.25 / 96.00 / 95.75 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA