Get started

Aud

AUDCHF Hit our bullish target. Now time to sell the Channel DownThe AUDCHF pair has hit the 0.58200 target (0.382 Fibonacci level) we set on our last buy call (see idea below) and is resting today at the top (Lower Highs trend-line) of the Channel Down pattern since the January 27 2023 High: The price price is now on the 1D MA100 (green trend-line) and just below the 0.5 Fibonacci level. There is also a chance that the dotted Channel Down will be materialized, so the technical Lower High max extension is a little higher. The sell confirmation typically comes when the 1D MACD makes a Bearish Cross. Our target is a potential -9.10% extension at 0.54000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EURAUD Close to hitting our target. Reverse to buy.The EURAUD pair is close to hitting the Target we set a month ago (see chart below) on the bottom (Higher Lows trend-line) of the Channel Up pattern since mid-September 2022: Since the 1D MA100 (green trend-line) has held as Support for 9 straight sessions, the market may consider it as the new bottom. It would be best to take the good profit made throughout this month now and turn bullish. As you can see, it is potentially the new Higher Low on the dotted Channel Up. The blue Channel Up has always made its bottom just below the 1D MA100, which is why initially we selected that as the sell target. If you don't want to buy now, you may enter upon confirmation, which comes when the 1D MACD makes a Bullish Cross below the 0.00 mark. In either case, our target is 1.75000 (less than +7.90% from the bottom). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
AUDUSD, Massive BROADENING-WEDGE, Bearish Indications Setup!Hello There! Welcome to my new analysis about AUDUSD on several timeframe perspectives. The AUDUSD continued with continuational bearish price-action as it pulled back from several levels to continue forming lower lows. Now a major consideration here is if this trend into the bearish direction is holding on and in my chart I detected major signs that such a continuation is highly likely as there are huge formations forming that are setting up the massive volatility waves to emerge. As when considering the local timeframe perspective AUDUSD is forming this initial broadening-wedge-formation here which is going to activate targets below the 0.616 level. Once they are reached this will be even a part of a much larger formation which is actually a major broadening-wedge-formation, the fact that the price-action will also have formed a breakout below the preceeding trend-line that had the origins within the 2020 corona supply-shock bear-market breakdown lows. The fact that AUDUSD is going to form the breakout below the lower boundary of the gigantic large global broadening-wedge-formation as well as below the preceeding massive corona-lows trendline based in 2020 will be the contribution to a much larger bearish trend-dynamic. Furthermore, a continued high inflation within the AUD area is going to raise the interest rates for this area which is likely to put more bearishness on AUD in combination with the strong DXY this is a combination from where bearishness is elevated. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
by VincePrince
9
GBPAUD Most optimal buy here but bearish if broken.The GBPAUD pair has broken below the first Channel Up (dotted lines) and in extension the 1D MA100 (green trend-line). Currently it is testing the bottom of the second (and final) Channel Up (blue). Technically that is the most optimal level to buy for the medium-term and target 1.997800 (Resistance 1). On top of that, the 1D RSI bounced back after becoming oversold below 30.00, the lowest it has been since September 26 2022, which was the absolute market bottom. If the price breaks below Support 1 (1.885250) we will have confirmation of a potential long-term bearish reversal. Then the ideal level to enter will be following a rebound on the 1D MA200 (orange trend-line) and a clear rejection near the 1D MA50 (blue trend-line) as we will have confirmation that it has become a Resistance and the market sells long-term. In that case our target will be 1.75000 (towards Support 3). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
AUDNZD Low risk trading strategy.The AUDNZD pair has been neutral as of late, trading within a 1.073350 (Support) - 1.093250 (Symmetrical Resistance) range. The 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) have both been turned into pivots in a peculiar sideways pattern. As long as the Support holds, buy and target 1.091500. On the slightest break and 1D candle close below the Support (thus the low risk), sell and target 1.064500 (Higher Lows trend-line). If it closes a 1D candle above 1.093250, buy the break-out and target 1.101050 (Lower Highs trend-line). As you can see, the long-term pattern is a Triangle, thus the current tighter consolidation. The 1D MACD Bearish Cross last week shouldn't be taken lightly as the historic price action has shown that it delivers larger declines. Thus the 1.064500 target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EURAUD - Looking For Trend-Following Buy Setups↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURAUD has been overall bullish trading inside the rising channel in orange, and it is currently approaching the lower bound of the channel. Moreover, the zone 1.63 is a strong support. 🏹 So the highlighted orange circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower orange trendline acting as a non-horizontal support. As per my trading style: As EURAUD approaches the lower orange circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
7
AUDCHF: Short term strength expectedExpecting the recent retracement to continue at least to 0.586 support, just crossing the mid point of my descending channel. Overall I'm still bearish on this pair (just), I am expecting the reversal at some point soon, either from here, or around the ATL marked on the chart. I see AUD gaining in strength as China wakes up. There's a big interest rate decision this Thursday from the SNB which will be big news I feel. I see this as a great pair to trade once a reversal is confirmed, there's a long way to go up!!
Long
by Finchcliffe
AUDCAD One Low to go inside the Channel Down.The AUDCAD pair has been trading within a Channel Down since the February 09 High, having failed to achieve any 1D candle closing above the 1D MA50 (blue trend-line) since July 26. The current price action resembles the start of the Channel Down. Based on symmetry, we have one last Lower Low to achieve and then we should be expecting a rebound to test the 1D MA50. We will buy just below Support 2 (0.85915) and target 0.8700. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
AUDNZD is attempting to break the descending channel.The price can retrace up to Fibonacci 61.8% before sustaining a break above the downtrend channel without consolidation. Especially, the expectation of a rise below strengthens the AUD as a fundamental economic indicator. If the expected interest rate decision does not come out of the FED meeting as anticipated, and a somewhat moderate text is published, we may see an uptrend in AUD, along with gold and silver. Open your trade in 2 parts. The first trade is for the short term, and the second trade is for the medium-term expectation. Enter the take profit levels below: When the first trade reaches the take profit level, adjust the stop-loss level of the remaining medium-term trade to a profitable level to minimize your risk. Open Price: 1.0866 Stop Loss: 1.0850 Take Profit 1: 1.0925 Take Profit 2: 1.0970
Long
by TradeAndMeApp
AUDUSD: Next pump will be a sell entry.AUDUSD is trading inside a Channel Down pattern since the start of the year with the price consolidating at the moment on its bottom. Naturally, the 1D technical outlook is bearish (RSI = 41.632, MACD = -0.003, ADX = 25.040), under both the 1D MA50 and 1D MA200. The LL was made marginally over Fibonacci 2.0 extension, so there is a strong symmetry with the prior bearish wave. If it continues, we should be expecting a new rejection a little over the 1D MA50 to a new LL. Our sell target will be on S1 (TP = 0.62730). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
8
AUD/USD Gains Ground Ahead of Fed Decision Amid RBA CautionAUD/USD Gains Ground Ahead of Fed Decision Amid RBA Caution The AUD/USD currency pair continues to trade with an upward bias, reaching around 0.6460 during the European session on Wednesday. The pair's recent gains can be attributed to market caution ahead of the highly anticipated interest rate decision by the US Federal Reserve (Fed). In this article, we examine the key factors influencing the AUD/USD exchange rate, including the Reserve Bank of Australia's (RBA) monetary policy stance and the potential impact of the Fed's decision. RBA's Monetary Policy Deliberations The RBA recently released the minutes of its September monetary policy meeting, shedding light on the central bank's discussions. Notably, the RBA contemplated the possibility of a 25 basis point interest rate hike during the meeting. However, the decision ultimately favored maintaining the current interest rate, driven by the observation that recent economic data had not significantly altered the economic outlook. Despite the decision to hold rates steady, the RBA made it clear that it stands ready to take further measures to tighten monetary policy if inflation proves to be more persistent than initially anticipated. While this readiness underscores the central bank's commitment to controlling inflation, the absence of new hawkish signals in the minutes may temper the Australian Dollar's (AUD) strength relative to the US Dollar (USD). China's Impact on Market Sentiment The People's Bank of China (PBoC) decided to keep its benchmark lending rates unchanged, aligning with market expectations. The one-year Loan Prime Rate (LPR) remains at 3.45%, while the five-year LPR holds steady at 4.20%. Additionally, China's National Development and Reform Commission (NDRC) acknowledged the economic challenges faced by the country but expressed confidence in the effectiveness of domestic macro-control policies. This sentiment from key Chinese officials can influence investor sentiment in the Asia-Pacific region, including the AUD. US Dollar and Interest Rate Expectations The US Dollar Index (DXY), measuring the USD against major currencies, is trading lower near 105.10 as investors anticipate the Fed's decision. Market consensus suggests that the Fed will maintain its current interest rates but will provide further guidance on its future monetary policy stance. Markets have already priced in the possibility of a 25 basis point rate hike by year-end, driven by strong US macroeconomic data and persistent inflation pressures. The robust US economic outlook has led to higher US Treasury bond yields, supporting the USD and posing challenges for the AUD/USD currency pair. The US 10-year Treasury yield remains relatively high at 4.35%. Market Focus on Fed Guidance As investors await the Fed's decision, their attention is primarily on the central bank's future rate hike plans. Market sentiment indicates that the Fed is inclined to maintain higher policy rates for an extended period. Therefore, the focus will shift to the accompanying monetary policy statement and remarks by Fed Chair Jerome Powell during the post-meeting press conference. Conclusion The AUD/USD currency pair's recent gains reflect the cautious sentiment prevailing in the market ahead of the Fed's interest rate decision. The RBA's readiness to tighten policy if needed and China's economic stance add layers of complexity to the currency pair's dynamics. The direction of the AUD/USD exchange rate will largely depend on the Fed's guidance, making Jerome Powell's statements a key factor in shaping short-term market sentiment. Our preference Long positions above 0.6440 with targets at 0.6490 & 0.6510 in extension.
Long
by FOREXN1
8
EURAUD: Big Crash, incoming?Fundamentally I got Aussie strength on the horizon, whilst the EU is all over the place. I'm seeing a big fall coming, with the EU basically stagflating and AUD being buoyed by Chinese recovery, gold price increases etc. Even though we've seen positive data for the Euro this week, the effect on the FX has been negligible. Can't see the Euro doing much more than it has recently against the Australian Dollar. Could be a great trade for me this one...
Short
by Finchcliffe
2
AUDJPY to see a lower correction?AUDJPY - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. The RSI is trending higher. A move through 95.75 will confirm the bullish momentum. We look to Buy at 95.00 (stop at 94.68) Our profit targets will be 95.80 and 96.10 Resistance: 95.75 / 96.00 / 96.25 Support: 95.25 / 95.00 / 94.50 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