WEEKLY FOREX FORECAST SEPT 2-6 : USD EUR GBP AUD NZD CAD CHF JPYThis is Part 1 of the Weekly Forex Forecast for SEPT 2-6th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
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AUDUSD
Levels discussed on livestream 5th September 5th September
DXY: Currently at 101.25, needs to break 50% retracement level, to trade down to 100.90 (ADP Pending)
NZDUSD: Sell 0.6165 SL 20 TP 60 (if DXY recovery)
AUDUSD: Sell 0.6685 SL 20 TP 45 (if DXY recovery)
GBPUSD: Sell 1.3080 SL 25 TP 100
EURUSD: Buy 1.1105 SL 20 TP 55
USDJPY: Sell 143.20 SL 40 TP 120
USDCHF: Sell 0.8450 SL 20 TP 40
USDCAD: Sell 1.35 SL 20 TP 55
Gold: At 61.8%, if broken, above 2508 could trade up to 2520
Aussie H4 | Falling to overlap supportThe Aussie (AUD/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6688 which is an overlap support.
Stop loss is at 0.6630 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is at 0.6793 which is an overlap resistance.
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AUD/USD Eyes Further Downside as 0.6710 Support LoomsAUD/USD is consolidating below the 50-day EMA, with a series of Doji candles signaling indecision. A break below the 0.6710 support could spark further selling pressure, targeting the 0.6670 level. The RSI is holding below 50, reinforcing the bearish outlook.
AUD/USD Eyes Further Downside as 0.6710 Support LoomsAUD/USD is consolidating below the 50-day EMA, with a series of Doji candles signaling indecision. A break below the 0.6710 support could spark further selling pressure, targeting the 0.6670 level. The RSI is holding below 50, reinforcing the bearish outlook.
Bearish Reversal Incoming on $AUDUSDThe price is showing clear rejection from a rising trendline, indicating potential weakness in the bullish momentum.
As the market forms a lower high, we anticipate a strong move down towards the key 0.6660 level, where liquidity sits.
The trendline break aligns with the overall bearish bias for further downside continuation.
AUD/USD steady despite weak GDPThe Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6704 in the European session, down 0.10% today at the time of writing. The Australian dollar took a bath a day earlier, sliding 1.1%, one of the sharpest daily declines this year.
Australia’s economy gained a paltry 0.2% q/q in the second quarter, shy of the market estimate of 0.3% and unchanged for a third consecutive quarter. This was the softest pace of growth in five quarters and the small gain was driven by higher government spending as household spending declined. Yearly, GDP climbed 1%, in line with the market estimate and down from 1.3% in the first quarter. This was the lowest annual GDP release since the fourth quarter of 2020.
Australia’s economic picture is being described by some local commentators as a “horror show”. This is not a wild exaggeration as GDP is in the doldrums, inflation remains sticky and consumer spending was flat in July. The Reserve Bank has maintained rates at 4.35% since November but inflation hasn’t fallen as quickly as anticipated.
The GDP release is unlikely to be a factor at the Reserve Bank of Australia’s next meeting on Sept. 24. The central bank is primarily concerned with inflation and the labor market. Governor Bullock has essentially ruled out a rate cut in the next six months but the markets have priced in a rate cut before year’s end and more cuts in early 2025.
Bullock will speak at an event in Sydney early on Thursday and the markets will be looking for some insights from the hawkish Governor regarding future rate policy.
There is support at 0.6681 and 0.6650
0.6738 and 0.6769 are the next resistance lines
Pre-BoC interest rate decision4th September
DXY: Still in consolidation. Looking for downside, needs to break 101.50 (23.6%), could trade down to 101.15
NZDUSD: Sell 0.6165 SL 20 TP 60
AUDUSD: Buy 0.6750 SL 20 TP 70
GBPUSD: Buy 1.3160 SL 30 TP 60
EURUSD: Buy 1.1080 SL 25 TP 65
USDJPY: Sell 144.70 SL 40 TP 110
USDCHF: Sell 0.8450 SL 20 TP 40
USDCAD: Sell 1.3580 SL 30 TP 60
Gold: Watch 2480-2470 support area,
If held look for bounce, broken could trade down to 2440
AUDUSD Analysis | Waiting for bearish signal?Hi Traders!
The Australia dollar held its recent decline to around $0.676 as the greenback strengthened on the latest US inflation reading which prompted traders to pare bets on an aggressive Federal Reserve rate cut.
Markets now await a crucial US monthly jobs report this week as the Fed's attention moves from inflation to the labor market. Domestically, investors digested data showing Australia’s manufacturing sector extended its slump in August as high borrowing costs and subdued demand weighed on new orders.
On the monetary policy front, markets look forward to the latest remarks from Reserve Bank of Australia Governor Michelle Bullock this week. She said recently that despite signs of easing inflation, it was still “premature” to consider cutting rates. Minutes of the RBA’s last meeting also revealed that policy could stay restrictive for an extended period.
TECHNICAL ANALYSIS
From a technical point of view, in the short term the pair could be interesting on the bearish side, if we look at the daily chart, we need to see a new low to confirm some selling opportunities. With this in mind, if during today's session but not beyond tomorrow's candle, the pair will trigger another bearish leg, it could be interesting to try to take a short position on a technical rebound, reducing the potential stop loss as much as possible. Let's see what will happen during today's session...
Thanks for watching!
EURUSD and AUDUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD USD Set To Grow! BUY!
My dear followers,
This is my opinion on the AUDUSD next move:
The asset is approaching an important pivot point 0.6733
Bias - Bullish
Safe Stop Loss - 0.6700
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6784
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
AUD/USD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
Previous week’s red candle means that for us the AUD/USD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 0.680.
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AUD/USD sinks ahead of GDPThe Australian dollar is sharply lower on Tuesday. AUD/USD is trading at 0.6732 in the European session, down 0.88% today at the time of writing.
Australia’s economy has been sputtering and the markets aren’t expecting much change from second-quarter GDP on Wednesday. GDP is expected to trickle lower to 1% y/y, down from 1.1% in Q1, which was the weakest pace of growth since Q4 2020. Quarterly, the market estimate for GDP stands at 0.3%, compared to 0.1% in Q1.
GDP-per-capita is expected to be negative, another indication that economic activity remains subdued. Australia has been hit by a drop in iron ore and core prices and exports fell by 4.4% in the second quarter, which doesn’t bode well for the Australian dollar.
The GDP is unlikely to change the Reserve Bank of Australia’s plans when it meets on Sept. 24. The central bank is closely watching inflation, which remains stubbornly high, as well as the labor market. Governor Bullock has said she has no plans to lower the cash rate from its current 4.35% for the next six months. The RBA has stuck to its “higher for longer” stance and has maintained rates since November.
The Federal Reserve is widely expected to lower rates on September 18, with a 70% likelihood of a quarter-point cut and a 31% likelihood of a half-point cut. Ahead of the meeting is a crucial employment report on Friday. The previous jobs report was much weaker than expected and triggered a meltdown in the financial markets. Another weak jobs report would raise the likelihood of a half-point cut, while a solid release will cement a quarter-point cut.
AUD/USD has pushed below support at 0.6780 and is testing support at 0.6737. Below, there is support at 0.6708
0.6809 and 0.6852 are the next resistance lines
Levels discussed on Livestream 3rd September3rd September
DXY: Still in consolidation. Watch the resistance at 102 round number. Looking for downside, needs to break 101.50 (23.6%), could trade down to 101.15
NZDUSD: Sell 0.6205 SL 20 TP 60
AUDUSD: Retracing, could retest 0.68 resistance level
GBPUSD: Buy 1.3170 SL 40 TP 90
EURUSD: Look for reaction at 1.10 round number support level
USDJPY: Sell 145.70 SL 250 TP 80
USDCHF: Could trade higher, look for reaction at resistance level
USDCAD: Could trade lower, look for reaction at support 1.3440
Gold: Choppy price action, until 2508, beyond that, could trade up to 2520
AUD/USD +50 Pips , After D Closure We Can Re Sell It Again ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDUSD M15, Intraday TradeI just shorted AUDCAD, Bearish 5-0 Pattern on the 1-hourly chart, and now AUDUSD on this Bearish Gartley Pattern.
It seems like the Australian dollar may have a bearish movement for the next couple of hours.
If you have been following, you should know I don't usually trade on the M15 chart, but this one has an upsize trade component.
What is an upsize trade?
An upsize trade is a trading setup that allows me to stretch my final target to the next pattern completion. It's a Trade Management skill that I've used for years.
Before using it, You must be very familiar with the product and strategy.
AUDUSD still bullish push exp. to see
Analysis on AUDUSD on lower TF 4H, what is be and what to expect next.
We can see Roundend Bottom pattern breaked. Price is make strong push and we are have bounces on zones on 0.66050, which for me results we will have here still bullish continuation.
We can see AUD showing power in one way its i believe and bacause of RBNZ on 14.8
Here now expecting push till next strong zone 0.68200
Happy Labour Day!2nd September
DXY: Within the bullish channel, (upside) could trade up to 102 resistance, needs to break 101.80. Downside only if price breaks below 101.50 (23.6%)
NZDUSD: look for reaction at 0.6220, Sell 0.62 SL 25 TP 60
AUDUSD: Buy 0.6810 SL 20 TP 40
GBPUSD: Sell 1.31 SL 40 TP 65
EURUSD: Look for reaction at 1.10 round number support level
USDJPY: Look for reaction at 147 resistance level
USDCHF: Sell 0.8460 SL 20 TP 55
USDCAD: Buy 1.3525 SL 20 TP 70
Gold: Break above 2500 to trade up to 2515 and 2530, needs to stay above 2480
audusd sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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