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AUDUSD BEARISH SETUP|LONGHello Traders, here is the full analysis. Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
AUDUSD will go Up soon(⏰(4-Hour)⏰🏃‍♂️ AUDUSD is running in 🟡 Price Reversal Zones(PRZ) 🟡 and near the Important Support line and Support line . 💡Also, we can see Regular Divergence(RD+) between two Consecutive valleys . 🔔I expect AUDUSD will go UP at least to the Resistance line(2) . Australian Dollar/U.S.Dollar Analyze ( AUDUSD ) 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
45
AUD trader – a big CPI print puts RBA hikes back on the table Positioning Clients are skewed long, with 63% of open interest is held looking for upside in AUDUSD. In the broad market, the big flow desks report that hedge funds (leveraged players) are small net short of AUDs, while ‘real money’ (pension funds, insurance, asset managers) have a large net short AUD exposure. Factors that could move the AUD? • The RBA minutes have put the market on notice that RBA rate hikes could make a comeback – they detailed that slower progress to get to the inflation to target (2-3%) would not be viewed favourably, and they have a lower tolerance for inflation. Housing is a key focal point, with Australian city house prices gaining for 7 straight months – the RBA noted that they’re seeing higher unit labour cost growth, coming in a time of declining productivity, which they see as inflationary. • Today’s speech by RBA gov Bullock didn’t see her push back on the markets view that the minutes were considered hawkish, and the Governor didn’t guide interest rate expectations lower – this offers rates traders real confidence in their pricing. • What is priced? Aus 30-day interest rate futures now price a 34% chance of a hike at the 7 November RBA meeting and a 54% chance of a hike at the December meeting – the rates door is more than ajar. • Next Wednesday’s Australia Q3 CPI (11:30 AEDT) is, therefore, a big-ticket event risk for AUD traders and could heavily influence rate pricing and therefore the AUD. It’s too early to see the consensus expectations for the trimmed mean CPI forecast, but headline CPI is expected to fall to around 5.2% YoY (from 6%) – recall, the RBA have forecast inflation at 4.25% by year-end, so an above consensus print could suggest the bank revise their forecasts higher. Anything above 5.4% should make the 7 Nov RBA meeting a live and pricing closer to 50%. • An above consensus Q3 CPI read, and we would also see the market price a hike in the Dec meeting as a near-done deal – the AUD should like that. • AUD bulls will want to see a higher Chinese equity market with the 10-day rolling correlation between the CSI300 index and AUDUSD at reasonable 0.54. While we see the PBoC pumping liquidity into the market, China/HK property stocks can't find a friend, and we eye a thoroughly expected default today from Country Garden, as they scramble to make a $15m coupon payment. AUD bulls need to see a far better tape in the China equity market to support vs the USD – the AUD crosses seem the better tactical play. • While ongoing concerns around China’s property sector keeps international money managers from moving overweight the region, China’s economy has likely troughed and is improving – we saw that in today’s Q3 GDP print and high frequency data dump. • Calls that the govt is prepared to blow out the deficit above 3% of GDP, by issuing $130b of new debt to fund infrastructure projects is a bullish consideration. However, the recent raft of mini-stimulus measures should start to be seen in the data flow. China’s economy should improve from here, although the property sector needs to be carefully monitored. • While we watch for direction from China equity, we see Australia’s relative terms of trade (ToT) on the rise – while the sensitivity we see between the AUD and its ToT comes and goes, the fact we see it rising should support the AUD. • With geopolitical issues very much front and centre, trading the AUD against other risk-associated crosses makes sense – the US economy still looks incredibly resilient vs G10 countries and a higher AUDUSD would require the VIX index to pull back below 14% and the S&P500 to climb higher (as well as China equity). What’s the play? The best AUD bullish expression of late has been against the NZD, given both are China proxies and we can see on the daily that the market shares this view – momentum studies show higher levels into 1.0850/1.0900 before we see better supply are favoured. AUDJPY approaches the recent highs of 96.00 and I favour it to get there, but there are Japanese intervention risks with short JPY positions at this juncture. The JPY also looks attractive as a geopolitical hedge – that said, if the market feels the situation in the Middle East will be contained and FX vol falls further, then AUDJPY could benefit from carry and diverging central bank policies. GBPAUD shorts have been my favoured play, and technically price is favoured lower - we do have UK CPI due out at 5 pm today and there are risks with being short GBP. Unless it’s a significant upside surprise (consensus 6.6% headline, 6% yoy core), then the BoE are on hold for an extended period.
Long
by Pepperstone
GBPAUD: Breakout of support and dynamic trendlineWe've had a breakout of both support and descending dynamic trendline with no retest, which I'm expecting. I can't see us retesting the dynamic trendline so considering shorts on the LTF's when we return to the resistance (formerly support) line. Expecting Aussie strength and Pound weakness, we may go higher with the interest rate decision from the BoE this week (so if I'm in a trade I'll often pull out before the news or at least get the SL tighter as oscillation often reduces in the few hours before the news), so will be on guard for this, however I don't think we'll break back into the rising trend.
Short
by Finchcliffe
AUDCAD: Time to Short 🇦🇺🇨🇦 Here is a classic example of a top-down confirmation setup: after a breakout of a key support on a daily, AUDCAD retested that. The price was steadily growing within a bearish flag formation. The text of structure triggered a strong bearish reaction and the price violated a support of the flag. It confirms the strength of the sellers and a highly probable bearish continuation. Goals: 0.859 / 0.8576 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
10
AUDUSD: Thoughts and AnalysisToday's focus: AUDUSD Pattern – Support hold Support – .6285 Resistance – .6425 Hi, and thanks for checking out today's update. Today, we are looking at the AUDUSD on the daily chart. Currently, we are watching price from 6285 support; if this level can hold and the USD continues to push lower, we will look for further upside from the AUDUSD. If buyers can get a mini run going, we see 6425 as the first resistance. If sellers can break today's rally and move below support, this could set up a new leg lower that could test lower 6200 areas if seller momentum can get going. Let's see if buyers can continue to hold 6285 support. Good trading.
by Eightcap
Euraud more upside to come?Watching for it to break up higher from here, let's see.It might also sideway or go lower to test the up trendline... **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! 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. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys
1
AUDCHF: Heading back to the descending channel boundary and ATLThis pair has been following a descending channel for months and even with positive data last week for the aussie and weaker performance for the swiss, the general direction was maintained. We've broken back below the mid point of my channel and we seem destined to ultimately be heading for the ATL where I expect a strong bounce. I generally look at correlation with gold, this pair tends to fall with gold from what I can see, but more of an observation than analysis (which I should look to do).
Short
by Finchcliffe
3
AUDJPY to see a stem dip?AUDJPY - 24h expiry A lower correction is expected. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 94.75 will confirm the bullish momentum. The measured move target is 95.50. We look to Buy at 94.00 (stop at 93.60) Our profit targets will be 95.00 and 95.50 Resistance: 94.75 / 95.00 / 95.50 Support: 94.25 / 94.00 / 93.75 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.
Long
by OANDA