AUD/USD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
Bearish trend on AUD/USD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.660.
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AUDUSD
Bulls have the Bears by the "Neck" - AUHere I have AUD/USD on the 4Hr Chart!
Price is now using the "Neckline" or Support of the failed Head & Shoulders the Bears were unable to finish, and pushing Higher breaking through the Falling Resistance created by the Highs of the "Head" and "Right Shoulder".
Now I believe with an on-going Rate Cut cycle about to begin for the Federal Reserve, we will start to see the Bulls undo the previous Head & Shoulders Pattern one Swing High at a time!
If Price will need to find some Support before it begins to continue further Higher, this Support can be found at either:
- The High just before the Break @ .6732
or
- Retesting the Break of Falling Resistance + FVG @ ( .6720 - .6715 )
Indicators:
- RSI Above 50
- BBTrend printing Green Bars
- Volume Delta showing Bullish presence increasing
*TP1 - .67672
*TP2 - .68236
WEEKLY FOREX FORECAST SEPT 16-20 USD EUR GBP AUD NZD CAD CHF JPYThis is Part 2 of the Weekly Forex Forecast for SEPT 16-20th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
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AUDUSD Any post-Fed spike will be a great sell opportunity.The AUDUSD pair is once again approaching the 14-month Resistance Zone, following a convincing rebound on the 1D MA200 (orange trend-line). This Higher Lows rebound resembles the July 06 2023 bounce that priced a Double Top at the top of the Resistance Zone, before collapsing rapidly to new Lows.
Ahead of today's Fed Rate Decision, we will welcome any short-term spike on high volatility to short (up to the top of the Resistance Zone) and target the Support Zone at 0.63750.
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Still holding AUDUSD sells - Who's with me ?AUDUSD is likely to maintain a slightly bearish bias for the remainder of the week due to a combination of fundamental factors:
1. China’s Economic Slowdown: Australia’s economy is heavily tied to China due to its exports of raw materials like iron ore and coal. Recent weak economic data from China, including softer industrial production and ongoing concerns about its property market, have weighed on commodity currencies like the Australian dollar.
2. US Dollar Strength: The USD has remained strong, supported by expectations that the Federal Reserve may keep interest rates higher for longer. While the Fed is not expected to raise rates this week, the ongoing resilience in US economic data, particularly in the labor market and retail sales, is keeping the USD in demand.
3. RBA’s Dovish Outlook: The Reserve Bank of Australia (RBA) has adopted a more cautious tone recently, with inflationary pressures easing slightly and domestic economic growth showing signs of moderation. This has reduced market expectations of further rate hikes, weakening AUD.
4. Commodity Prices: Softness in commodity prices, particularly in key Australian exports such as iron ore, has added downside pressure to the AUD. Global risk sentiment remains fragile, and lower commodity demand amid concerns about global growth, especially in China, has further dampened the outlook for the Australian economy.
These factors suggest a continuation of bearish pressure on AUDUSD, although potential rebounds in risk sentiment or unexpected shifts in central bank policy could provide short-term relief for the pair.
AUDUSD 0.67582 -0.09% SHORT MULTI TIME-FRAME ANALYSIS + DXYHELLO TRADERS
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📌 A look at The AUDUSD At the close of ASIA GOING INTO THE LONDON, TO NY PM SESSION
* With a bullish run into Monday CLOSE ( PO3) today will be looking for some retracement.
* looking at the daily last week Friday failed to take high which is a sign of weakness on AU alike with EU & GU.
* Looking at the +FVG below as targets as well.
* on the 4H looking for a bullish open to take ASIA high LQ.
* PO3
* Push higher before going for lower structures.
* AU sweeping the ASIA HIGH.
* Looking for an AGGRESIVE MOVE back into the range.
* this where I would look for entries short.
* Looking for the take of that ERL.
* with two possible OTE ( ASIA HIGHS, AND LONG TERM HIGH) , EXECUTION IS BASED ON RR & RISK MANAGEMENT.
* DXY 4H
- Will wait for the DXY to take ASIA lows and trade back in the range as a confirmation as well...
* BASED on the price action served next session...
* We will see what does the market dish.
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Levels discussed on livestream 17th September 17th September
DXY: Ranging between 100.60 and 100.90
NZDUSD: Buy 0.6220 SL 25 TP 50 (Hesitation at 0.6245)
AUDUSD: Buy 0.6740 SL 20 TP 40
GBPUSD: Look for test and reject of resistance area, Sell 1.32 SL 30 TP 80 (COUNTER TREND)
EURUSD: Buy 1.1145 SL 20 TP 55
USDJPY: (IHS) Buy 141.55 SL 60 TP 180
Trend Following: Sell 140.10 SL 30 TP 70
USDCHF: Sell 0.8420 SL 30 TP 45
USDCAD: Ranging 1.3565 and 1.36
Gold: Currently at 2584, could trade higher to 2600
AUDUSD Is Approaching An Important ResistanceHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.67700 zone, AUDUSD is in a correction phase in which it is approaching the resistance line at the 0.67700 area. We would also like to consider the Dollar seasonality as September was a decent month for the Dollar through the history.
Trade safe, Joe.
AUDUSD - Strong support at the moment💎 AUDUSD Analysis 💎
🔸AUDUSD has had a positive rally, currently showing signs of surpassing the 0.6748 threshold, indicating that the uptrend of AUDUSD is still maintained. Therefore, in today's session, AUDUSD is expected to continue to increase to higher levels, with the target towards the 0.68 peak area. Investors should consider placing a BUY order to take advantage of this opportunity.
⚜️BUY AUDUSD 0.67490⚜️
❌SL: 0.66990
✔️TP: 0.68100
AUDUSD - Technical Analysis [Long Setup]🔹 AUDUSD Analysis on 1HR chart
- The current Trend is BULLISH
- there is no divergences
- Symmetrical triangle is form
🔹 Trade Plan
- Entry Level = 0.67295
- Stop Loss = 0.67058
- TP1 = 0.67546
- TP2 = 0.67791
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
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Levels discussed on Livestream 16th September 16th September
DXY: Look to trade slightly lower to 100.55 support, should stay below 101 to maintain bearish
NZDUSD: Sell 0.6150 SL 15 TP 75 (Hesitation at 0.6110)
AUDUSD: Sell 0.67 SL 30 TP 60
GBPUSD: Buy 1.32 SL 20 TP 60
EURUSD: Buy 1.1145 SL 20 TP 55
USDJPY: Sell 139 SL 50 TP 100
USDCHF: Sell 0.8430 SL 40 TP 80 (Hesitation at 0.84)
USDCAD: Sell 1.3560 SL 20 TP 70
Gold: Needs to stay above 2570 to climb and test 2600 ATH round number resistance level
Aussie H4 | Heading into resistanceThe Aussie (AUD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6798 which is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level.
Stop loss is at 0.6840 which is a level that sits above a swing-high resistance.
Take profit is at 0.6687 which is an overlap support.
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The downward trend of the AUDUSD currency pair in the 4-hour timI think this currency pair has started a 5-Wave downtrend and is currently completing its second wave.
I am waiting for the start of the third wave and I will start my sell positions from these points
This will probably start with the fundamental news of the dollar this week
Aussie Dollar looks a little weak Mid September 2024
This is a trade idea Short that might work early this next week until the FOMC meeting on Thursday when the Aussie-dollar could in fact breakout to the upside on news of a US interest rate cut.
But do you ever get the sense and strange feeling that they have taken measures to now allow the greenback to fall lower as in recent weeks.....
5 Minute Chart:
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.67300 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.67300 support and resistance area.
Trade safe, Joe.
AUDUSD Big Week AheadFundamentally, Aussie is a buy since the Aussie Central Bank remains steadfast in keeping rates higher for longer. But we do see a clear downtrend formed on the 4-hour chart with lower highs and lower lows. With a plethora of central bank releases next week, as well as Aussie employment change release on Wednesday, this pair can present some volatility and good trading opportunities on shorter time frames/time horizons. A weak employment report (I.e. a “big miss”) could send the pair down below support at .618 fib level and possibly erase the gains it has made over the last month.
AUD/USD "AUSSIE" BANK MONEY HEIST PLAN ON BULLISH SIDEHola ola My Dear,
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