Aud_usd
AUDUSD monthly chart warns of major toppingThe AUDUSD monthly chart appears to reveal the formation of a Head and Shoulders (H&S) top marking the end of a corrective rally from March 2020 to February 2021. That upswing saw a retest at the underside of a long-term rising trend that held unreached from April 2001 to December 2018. From here, the H&S setup implies a measured downside objective just above the 0.60 figure, which marks the 2008 Great Financial Crisis low.
AUDUSD on course to test below 0.64?As with its Kiwi counterpart, AUDUSD now looks to be breaking down from a bearish Descending Triangle chart pattern. The setup's measured-move downside objective is implied just below the 0.64 figure. Reversing back above the near-term swing top at 0.6919 may neutralize immediate selling pressure.
AUDUSD Short with "candyland" of liquidity and bullish BOS HTF Since the price lacks liquidity to take and above there is a lot, I can project a liquidity takeover that in turn would entail a break of bearish structure in high temporalities and with it a possible retreat to discounts to continue rising. Rsi closed above the orange level is a good confluence. Caution because even with this liquidity taking there is still a lot of liquidity in high zone. Invalidity levels above 0.75902.
AUD_USD Curved Channel-Acceleration Before The Fall?
Guys, its time for the unconventional charting
Todays exhibit is a curved rising channel
A pattern that indicates an acceleration of the movement
Which in turn indicates that the move is in its final stages
However, this final stage might be powerful
Thus, I expect AUD_USD to go higher
Before falling
Long!
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Aud-Usd and some considerationsI draw inspiration from a brief analysis of AUD-USD to make some considerations on the moment we are living.
In recent weeks the world economy has been in difficulty because of Covid-19, however, from a rapid comparison of the data, we can see how the Australian economy has strengthened over the American one since the beginning of the year.
Under normal conditions, I would be looking for a level where to buy the currency pair. But that of Covid-19 is not a crisis like any other. We have seen this in several respects, such as the total uncorrelation between American equities and safe-haven currencies (CHF and JPY).
If you take the chart with the comparison of the two markets, you can see that since March the USD-JPY and S&P 500 Futures have moved almost following an inverse correlation. That is because investors have preferred the US dollar as a safe-haven currency.
You can also see this aspect with the chart above, that compares AUD-USD (in red) always to the S&P 500 Futures (in blue).
Here you can see a perfect correlation between the two markets. What does this mean? It means that if the American market starts a new bearish phase, the fundamentals of the two economies will not matter; Aud-Usd will follow the movement of the S&P 500 Futures.
In conclusion, with the Covid-19 crisis, everything it is cancelled, also for the great liquidity that the central banks are putting in the markets. Markets must be “navigated on sight”; surely when the situation will normalise, there will be great opportunities, but for the moment caution is needed.
Buy AUD/USD at .73 Hello Traders, I am a new this week so I will try my best to post some ideas I can see
This pair is trending down in the daily consolidation so a Buy on the break seems like a good idea. It might be the last fews days to see result
Trade with care.
Thank you for your support.
Alan Tang
Economic.net.au
BETTER CHART. BREAKOUT + PULL BACK 5 REASONS TO GO SHORT5 Reasons to go short.
1:) Symmetrical Triangle Breakout
2:) 50% Fib level intersects with 14 day bearish trend-line and 7 day bullish trend-line that was recently broken which could create a triple threat of resistance.
3:) Expected resistance at .7200
4:) Bearish Cloud
5:) Why the hell not.
Entry @ .7195
SL @ .7128
TP @ .7100
Sorry for the double post but unable to delete the previous one and this is more detailed and helpful.
AUD/USD ShortThis pair has been in consolidation on the daily which is the first sign of a reverse coming.
In addition, the RSI oscillator has actually started to trend lower after just touching upon the oversold level, which could imply some bearish activity ahead for the pair. The Stochastic Oscillator has also reached into reversal territory with some divergence also evident within the indicator.
Stops at 0.77500 looking for around 0.73500.
Good luck!!
Hidden divergence on AUDUSD?EM FX and commodities currencies are fairing pretty well since the start of the year, but market sentiment may change with the coming of the new quarter (market participants may focus more on the US during the second quarter with perhaps a realization that the first quarter slow down was temporary). On a technical basis, I see reason to be cautious on the AUD/USD as prices hit a long term trendline near $0.77. Note the more pertinent trendline further above at around $0.806. If prices remain below $0.77 and start declining this week, we could see a sustainable top put in place with a hidden negative divergence evident in the RSI. Such a technical set up would suggest a sharp fall in the Aussie exchange rate in April with perhaps a fall back to the annual lows (or even further) by June.