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GBPAUD: Trendline break, waiting for retestWe can see that GBPAUD has broken the weekly rising trendline with gusto at the end of last week. We have a small pinbar close on Friday which suggests a retracement back up to retest. I'm expecting strength to build up for the AUD with the positive signs coming out of China, we can see it is recovering across most crosses, and sterling weakening. BoE decision on Thursday is important, however I think whatever happens this is a good pair to trade and I'm expecting lots of short pips from this pair over the next few months. Watching out for the retest and then I'll be starting to short.
Short
by Finchcliffe
Euraud potential turning pointLast week it failed to break up, therefore resuming its down move. On lower timeframe, pullback up already in progress as we approached the key area of 1.65. Overall bias is still on the downside has h4 has structural changes **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!
by Shadowing_The_Big_Boys
AUDJPY: Expecting a strong start to the week before BoJI'm expecting continued Aussie strength as the market expects China recovery is in progress. BoJ interest rate and minutes will be big news on Friday, but before then I expect to see a continuation up within the current rising channel, breaking and retest initial support around 95.6 to rise to test the 96.6 support. We're heading into very choppy waters now, and I expect BoJ to start defending their currency so I'm mindful to have very tight SL's up here, moving to BE as soon as possible and ultimately preparing for a reversal, but I think there's a little way to go yet. With Aussie building momentum I feel confident in still being long here, but being uber-careful as you never know what will happen!
Long
by Finchcliffe
2
AUD/USD Forecast: Analyzing the Future OutlookDuring the previous week, our market performance demonstrated a degree of advancement; however, it presently exhibits characteristics of range-bound behavior. It is worth noting that last week, there was an upward movement, with an attempt to challenge the significant monthly resistance level of 64.58. Remarkably, this resistance level held firm through the close of trading on Friday. For the upcoming trading week, our primary focal point is the 64.58 resistance level. Should the price maintain its resistance at this level, it could prompt a subsequent descent towards the established daily and weekly support levels. The envisaged scenario involves a potential break to the downside after navigating through these support levels.
Short
by Blackerberg
2
Audchf broke up higher pullback for longs **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!
by Shadowing_The_Big_Boys
Gbpaud more downside, pullback can come too but for shorts **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!
Short
by Shadowing_The_Big_Boys
AUD/USD looks set for a retest of 65cDespite strong data from the US and weak data from China over the past few weeks, AUD/USD bears have failed to keep the Aussie below 64c. Even a strong inflation report from the US on Wednesday resulted in the Aussie springing back above that key level. Since then, we have seen the pair break a retracement line on the 1-hour chart as part of a bullish breakout ahead of the Australian employment report. The okay jobs numbers provide no reason for bears to jump in, but it has pulled back from current cycle highs. AUD now looks good to bullish eyes around current levels, and a move towards 65c is favoured as long as prices remain above 64c (although tighter risk management could be used as 0.6410 as an invalidation point).
Long
by CityIndex
AUD/USD Faces Headwinds Amidst USD Resurgence and Economic ...AUD/USD Faces Headwinds Amidst USD Resurgence and Economic Concerns Introduction The AUD/USD pair is experiencing a downward trend during the Asian trading session on Tuesday. It is retreating from a recent high near the 0.6450 level, currently trading around the 0.6420-0.6430 region. The Australian Dollar (AUD) is under pressure due to several factors, including renewed demand for the US Dollar (USD), expectations of further Fed rate hikes, a cautious market mood, and dismal economic data from both Australia and China. USD Strength and Fed Expectations The resurgence of the US Dollar (USD) is a significant factor influencing the AUD/USD pair's performance. The USD is witnessing renewed buying interest following an overnight decline. It appears to have temporarily halted its retracement slide from a six-month peak, which is contributing to the downward pressure on the AUD/USD pair. Market sentiment leans in favor of the US Federal Reserve (Fed) continuing its policy of tightening, keeping US Treasury bond yields elevated. This sentiment bolsters the USD and acts as a tailwind for the currency. Furthermore, the cautious market mood is benefiting the Greenback's relative safe-haven status. Investor apprehension is contributing to the AUD's struggles as a risk-sensitive currency. Concerns are growing about the potential economic headwinds resulting from increasing borrowing costs, which is tempering enthusiasm for riskier assets. Fed rate hike expectations are also a prominent driver of the USD's strength. The market is increasingly confident that the Fed will maintain higher interest rates for an extended period. Some officials even favor the idea of raising rates more aggressively, emphasizing their readiness to cut them later if necessary. This cautious approach by the Fed is fueling concerns about economic challenges stemming from rising borrowing costs, further affecting investor sentiment. Australian Economic Concerns The AUD/USD pair faces additional headwinds from dismal Australian economic data. Consumer confidence in Australia has taken a hit, falling deeper into pessimistic territory during September. The Westpac - Melbourne Institute Consumer Confidence Index plummeted to a dismal 79.7 for the month, marking the longest streak of readings below 100 since the early 1990s recession. This decline reflects concerns about the deteriorating economic conditions in China, a crucial trading partner for Australia. As a result, the path of least resistance for the Australian Dollar appears to be on the downside. Upcoming Data and Market Sentiment Traders are approaching the AUD/USD pair with caution as they await the release of crucial US consumer inflation figures scheduled for Wednesday. This data release will play a pivotal role in shaping market expectations regarding the Fed's future rate hike path. The reaction to these figures will likely drive USD demand and provide a fresh directional impetus for the AUD/USD pair. Conclusion The AUD/USD pair is facing a challenging environment marked by a resurgent US Dollar, expectations of further Fed rate hikes, a cautious market mood, and disappointing economic data from Australia and China. As traders await key economic releases, caution prevails, and the AUD/USD pair remains vulnerable to fluctuations. The pair's future trajectory hinges on the interplay of these factors, making it a crucial pair to monitor in the coming days. Our preference Below 0.64650 look for further downside with 0.6410 & 0.6380 as targets.
Short
by FOREXN1
13
AUDUSD Bullish Divergence on RSI hints to a rise.The AUDUSD pair delivered us an excellent sell signal on Aug 02 (see chart below), hitting our 0.6400 target: The price has now been consolidating at the bottom of the 7-month Channel Down on Lower Lows and with the 1D RSI on Higher Lows at the same time, we have a strong Bullish Divergence at hand. The Lower Highs leg that bottomed on March 08, reached the 0.382 Fibonacci retracement level and the 1D MA50 (blue trend-line). As a result we are bullish, targeting 0.65600. ------------------------------------------------------------------------------- ** 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 gains to be limited?AUDUSD - 24h expiry A Doji style candle has been posted from the base. 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. Further downside is expected although we prefer to sell into rallies close to the 0.6455 level. We look to Sell at 0.6455 (stop at 0.6487) Our profit targets will be 0.6375 and 0.6350 Resistance: 0.6460 / 0.6550 / 0.6625 Support: 0.6340 / 0.6275 / 0.6185 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
GBPAUD 1000+ PIPS TRADE SETUPHello traders , it looks to me gbpaud may start a strong bearish move. here are our bearish clues : - the price touched a bearish trendline and formed a double top pattern - RSI divergence the indicator shows lower highs and lower lows which indicates that the sellers are getting weaker Trade Confirmation : Breakout of the local bullish trendline and the double top Neckline. I post Weekly setups and analysis on my tradingview if your not following me your missing out on free mulla . This is not financial advice just my humble opinion trade safe.
Short
by xAB777
AUDUSD - Two ways one outcome! Hello traders, investors and community. Today i will take a bullish look on AUDUSD and what the chart is showing me, the absolute high probability signs for some bullish outcomes. On my chart you see the daily price action of AUDUSD. AUDUSD is just about to form a massive bottom formation with an descending triangle about to complete. I detected it and it is marked with the red trendlines, price is still remaining in the triangle. It is for sure that it will break out and form some bullish movement, the question is when it will complete. In my chart you can see that price is touching the upper trendline of the triangle, it is possible that we break out of the channel the next time otherwise price can still remain in the triangle and touch the lower trendline before it breaks out. Also AUDUSD had some good volume, (over average), in the last bull-wave which you see in the chart. There is a huge support zone at 0.64 - 0.69, that if we come back to this level there is a high probability for some good support in this area. Also you see this huge bullish dragonfly doji formed on the 3th of january, this shows how storng and important that support level is. When we break out of the triangle without coming back again! There is a target projection which you see in my chart. This target will be intact when we break out and confirm the triangle. When you see the light blue striped trendline where the target remains you can see that it is EXACTLY the point of resistance of the previous bear moves till we reached the bottom. You can see it marked with the dark blue square. If we remain in the triangle and breakout later the target will be a different price but the same length! The RSI shows me that we had some oversold condition before the two last bull moves began, it can come back to the trendline and form a bullish divergence. I am expacting this to happen either when we break out of the triangle now or when we remain in the triangle and confirm the lower trendline. This i only educational information and should not be used to take action in the markets! Peace and love to everybody!
Long
by VincePrince
8