AUDUSD Trade SetupFor those looking to enter this trade, you can take an entry now with a tight and light stop-loss.
For those who prefer a safer approach, wait for the break of wave 4, followed by a retest, and then enter. This method offers greater security.
The triangle pattern has formed successfully. However, keep in mind that most chart patterns are often designed to manipulate traders by breaking and moving against their positions.
As for me, I’m not concerned about such manipulations. I have a strict risk management plan in place, and I’ve identified two key entry zones as marked on the chart.
AUDUSD
AUD/USD Analysis (1-Hour Timeframe)I'm monitoring AUD/USD closely as the price approaches a black trendline. If the trendline is broken, it could signal a bearish move.
My target for this setup is the green support level, which has historically acted as a strong zone of buyer activity. This area could present opportunities for either reducing short positions or watching for a potential bounce.
Key points:
Wait for confirmation of a trendline breakout.
Observe volume and candlestick patterns to validate the move.
Be cautious around the green support level for possible reversals.
Patience is essential for the best entry!
AUDUSD H1 | Bullish Rise?Based on the H1 chart analysis, we can see that the price has just bounced off our buy entry at 0.6357, which is an overlap support close to the 78.6% Fibo retracement.
Our take profit will be at 0.6382, which is a pullback sistance level.
The stop loss will be placed at 0.6333, which is below multi-swing low support level.
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EURUSD GOING DOWNEUR/USD appears poised for a bearish move, supported by key technical indicators and chart structures. Price action has rejected a significant liquidity zone, suggesting strong selling pressure and the inability of buyers to hold higher levels. A confluence of resistance from a descending trendline and the 50-day EMA strengthens the bearish outlook.
On higher timeframes, a recent liquidity sweep at a key high has been followed by a sharp rejection, indicating trapped buyers and the potential for further downside. A break below the recent market structure low could trigger stop orders, accelerating the move toward the next major liquidity cluster. Watch for increasing momentum and volume as confirmation of this potential bearish shift.
+ responding to the liquidity rectangle, pushing down
GOLD BULLISHGold appears poised for a bullish breakout, supported by key technical indicators and chart structures. Price action has reclaimed a significant liquidity zone, suggesting strong buyer interest and absorption of supply. A confluence of dynamic support from an ascending trendline and the 50-day EMA further strengthens the bullish case.
On higher timeframes, a recent liquidity sweep at a key low has been followed by a strong rebound, indicating that sellers may be trapped and the market could pivot higher. A break above the recent market structure high could trigger stop orders, fueling momentum toward the next major liquidity cluster. Watch for increasing volume and momentum as confirmation of this potential upward move.
+ precisely the contrary of NASDAQ with a little more zigzag liquidity
AUDUSD_1D&1WAnalysis and review of the Australian dollar economy Elliott wave analysis style Mid-term and long-term time frames The Australian dollar is in a downward trend. The most important resistances are 0.67545 and 0.64611 Trading position from sell to buy The market is in a big ABC correction wave, we are currently in wave B. The main support and target is 0.60000.
Will the better-than-expected employment data revert AUD's trend+ Macro theme:
The RBA kept rates at 4.35%, sounding more optimistic about inflation and hinting at future cuts. But Thu's job numbers might spoil those plans—Unemployment Rate dropped to 3.9%, showing a surprisingly strong labor market. This hot jobs data could push back those early 2025 rate-cut forecasts many have been making.
+ Technical theme:
- AUDUSD found support and bounced above 0.6365. The price is within the descending channel and below both EMAs, indicating a bearish momentum persists.
- If AUDUSD extends its decline below 0.6365, the price may retest the subsequent support at 0.6300, confluence with the 100% level of Fibonacci Extension.
- On the contrary, if AUDUSD surges above 0.6474, breaking its descending channel and EMA21, the price may retest the following resistance around 0.6560.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
AUDUSD Is Going Up! Long!
Please, check our technical outlook for AUDUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.634.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.639 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUDUSD ShortAUD/USD remains in a bearish trend, with recent price action aligning with technical and fundamental signals. Traders are watching US PPI data today for potential market-moving insights.
Technical Setup
Using Smart Money Concepts (SMC) and Fibonacci retracement, the 0.71–0.79 Fibonacci zone stands out as a key resistance level, supported by a Fair Value Gap (FVG) from the last swing high. Price is testing the 50% Fibonacci level, creating an opportunity for a short trade.
Trade Plan
Entry: 0.7120 (near the 0.75 Fibonacci level).
Stop Loss: 0.64729 (above the 0.79 Fibonacci level for risk protection).
Take Profit: 0.63378 (targeting below the Fair Value Gap for a clean exit).
Risk/Reward Insights
This setup offers a Risk/Reward Ratio of 1:3, with a risk of 64.7 pips to potentially gain 192.1 pips.
Disclaimer
Trading involves significant risk. Always trade with a clear plan, implement stop-loss orders, and never risk more than you can afford to lose. This analysis is not financial advice—trade responsibly and stay informed.
Follow for more actionable trading insights and strategies!
AUDUSD ShortAUD/USD remains in a bearish trend, with recent price action aligning with technical and fundamental signals. Traders are watching US PPI data today for potential market-moving insights.
Technical Setup
Using Smart Money Concepts (SMC) and Fibonacci retracement, the 0.71–0.79 Fibonacci zone stands out as a key resistance level, supported by a Fair Value Gap (FVG) from the last swing high. Price is testing the 50% Fibonacci level, creating an opportunity for a short trade.
Trade Plan
Entry: 0.7120 (near the 0.75 Fibonacci level).
Stop Loss: 0.64729 (above the 0.79 Fibonacci level for risk protection).
Take Profit: 0.63378 (targeting below the Fair Value Gap for a clean exit).
Risk/Reward Insights
This setup offers a Risk/Reward Ratio of 1:3, with a risk of 64.7 pips to potentially gain 192.1 pips.
Disclaimer
Trading involves significant risk. Always trade with a clear plan, implement stop-loss orders, and never risk more than you can afford to lose. This analysis is not financial advice—trade responsibly and stay informed.
Follow for more actionable trading insights and strategies!
Objectives complete and now we have new plans... AUDUSDGreetings fellow traders!
All the major targets marked in the previous idea have been achieved.
The new plan for now is observing what the market does. We do have a bullish Purge and Revert in progress in AUDUSD on the daily. Long till 0.64700. Apart from that, we also have a daily volume imbalance which would draw price towards it. Attaching the daily chart for reference.
Have an insightful trading week ahead!
Disclaimer- All content is for educational purposes only and not trading advice.
AUDUSD (2D) HIGH-RISK OPPORTUNITY, UPTREND⚠️ Here's a HIGH-RISK OPPORTUNITY to capture the UPTREND RETRACEMENT before it returns to the High Timeframe downtrend.
SLO2 @ 0.7235 ⏳
RESISTANCE @ 0.71769
SLO1 @ 0.7138 ⏳
TP4 @ 0.7090
TP3 @ 0.6914 (Resistance, minor)
TP2 @ 0.6800
TP1 @ 0.6636
BLO1 0.6469 ⏳
BLO2 0.6366 📈
⚠️Holding a Long Position above 0.6914 is HIGH-RISK
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64400 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64400 support and resistance area.
Trade safe, Joe.
FORECAST UPDATES: How Are We Doing? Were We Accurate?Tuesday Dec. 10, 2024.
Here are the updates to the Weekly Forex Forecast posted Saturday. We'll see if the forecasts were right on point and working out... or if we were just plain wrong.
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AUDUSD 1DAYAUDUSD Daily Analysis
The AUDUSD pair is trading near a significant support level on the daily chart, where buyers have historically stepped in to drive prices higher. This key zone suggests a potential bullish reversal, making it an attractive area for a buy opportunity.
Technical Outlook:
Pattern: Support
Forecast: Bullish (Buy Opportunity)
Entry Strategy: Enter a buy position near the support level after confirming bullish price action signals.
Traders should monitor for reversal patterns such as a bullish engulfing candlestick or indicators like RSI signaling oversold conditions. Proper risk management is essential, with stop-loss orders placed below the support level to guard against potential breakdowns. Targets can be set at the next resistance levels for potential profit.
AUDUSD→At Critical Support Level's Could It Drop Further ?OrNot!FX:AUDUSD
The AUD/USD chart reveals that since late October, the pair has been in a downtrend. This is largely driven by monetary policy differences: while the Federal Reserve has begun cutting interest rates, the Reserve Bank of Australia (RBA) has yet to initiate rate reductions.
Tomorrow, the RBA will announce its decision on interest rates. All 44 economists surveyed by Reuters expect the rate to remain at 4.35%, given persistently high core inflation (3.5%) and low unemployment.
Previously, experts forecasted rate cuts in the first quarter of 2025. However, most now anticipate reductions no earlier than the second quarter, as the RBA focuses on bringing inflation back to its 2–3% target range.
The RBA just made a small (but big) change to their statementThe RBA held rates at 4.35% as expected, but there were several changes to their December statement which warrant a closer look. I highlight the key differences to the November statement and provide my interpretation of what it means for the RBA's policy as we head into next year, then look at AUD/USD.
MS
This is why AUD/USD bears need to watch USD/CNHBets are back on for the RBA to cut, with markets having now fully priced in three 25bp cuts beginning in April. Weak GDP was the culprit, which leaves the Aussie susceptible to further weakness should incoming data continue to deteriorate. However, Aussie bears may also need to factor the yuan into the equation.
AUDUSD: UT Curve Analysis (20D)OVERVIEW
The analysis of AUDUSD combines multi-timeframe technical insights, oscillator, and moving average indicators. This report serves to aid both strategic and tactical decision-making by position, swing, and day traders.
Multi-Timeframe Price Analysis:
Position (Wealth) Traders:
Range: Pivot Low @ 0.55086 to Pivot High @ 1.10805
Trend: Long-term uptrend
Treatment: Quarternary; used to align with long-term investment goals.
Long-Term Swing Traders:
Range: Pivot Low @ 0.55086 to Pivot High @ 0.95052
Trend: Long-term uptrend
Treatment: Tertiary; aligns with monthly chart trends and broader market sentiment.
Swing Traders:
Range: Pivot Low @ 0.61702 to Pivot High @ 0.80072
Trend: Early stages of an uptrend
Key Levels:
TP4 @ 0.7639
TP1 @ 0.6776
BLO1 @ 0.6457
BLO2 @ 0.6262
Treatment: Primary; expected to host the most significant price action.
Day Traders:
Range: Pivot Low @ 0.61702 to Pivot High @ 0.71578
Trend: Beginning of the uptrend
Treatment: Secondary; used for daily volatility trades.
RECOMMENDATIONS:
Strategic Trading:
Position traders should monitor the 0.90000–1.10000 range for long-term buy opportunities, but ONLY if they are aligned with economic fundamentals.
Long-term swing traders can set buy limits around 0.65000 and aim for TP before Resistance around 0.80000.
Tactical Trading:
Swing traders should prioritize 0.6457 (BLO1) and 0.6776 (TP1) for buy orders, taking advantage of primary range volatility.
Day traders can exploit intraday support at 0.6262 and resistance around 0.71578.