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AUDUSD

Levels discussed on Livestream 30th July 30th July DXY: Needs to stay above 104.50, could trade higher to retest resistance at 104.85, beyond resistance, next level at 105.20 NZDUSD: Sell 0.5920 SL 20 TP 45 AUDUSD: Sell 0.6565 SL 15 TP 45 (Hesitation at 0.6545) USDJPY: Look for price to find key level, reaction at 154 or 156 (BoJ news pending) More likely at 156 GBPUSD: Sell 1.2840 SL 25 TP 60 EURUSD: Buy 1.0840 SL 30 TP 60 (DXY weakness, double bottom, low likelihood) USDCHF: No trade, but look for reaction at 0.8920 USDCAD: Sell 1.3830 SL 20 TP 45 (Massive counter trend) Gold: Likely to consolidate along 2390, with upside potential to 2400 (61.8%)
TVC:DXY
by JinDao_Tai
AUDUSD: Curve Analysis (1D)SUMMARY: Overall, the Australian dollar is currently trading cautiously as investors await the release of inflation data that will shape the RBA’s monetary policy trajectory. While technical indicators present a somewhat conflicting picture, the prevailing bearish sentiment in the market is a key factor to monitor. TECHNICALLY: From a technical perspective, the AUDUSD pair exhibits a bearish bias based on the alignment of most moving averages, suggesting a potential downward trend. However, a contrary signal from the Hull Moving Average introduces a degree of uncertainty, potentially hinting at a short-term reversal or divergence from the broader trend. Oscillator indicators offer a more mixed outlook. While several indicators point to a lack of clear momentum, the oversold conditions indicated by the Commodity Channel Index and Williams Percent Range suggest a potential buying opportunity. It's essential to consider that oscillators are most effective when used in combination with other technical tools and fundamental analysis. FUNDAMENTALLY: The Australian dollar held steady around the $0.655 level on Monday as investors adopted a cautious stance ahead of crucial domestic inflation figures. The data, due for release later this week, is expected to significantly influence the Reserve Bank of Australia’s (RBA) monetary policy decision in August. Market consensus points to a persistent core inflation rate of 4% for the second quarter, a level well above the RBA’s target range of 2-3%. This elevated inflation is likely to reinforce expectations of another rate hike in August, with traders currently assigning a 22% probability to a 25 basis point increase. Moreover, market pricing suggests no rate cuts until April next year. While the RBA is poised for a potential tightening, other major central banks are expected to adopt a more dovish stance. The Bank of Japan is anticipated to raise interest rates this week in an effort to bolster the yen, but the Federal Reserve and the Bank of England are likely to maintain their current policy settings, paving the way for potential rate cuts in the coming months.
Short
by ProfessorCEWard
Aussie H4 | Potential bearish breakoutThe Aussie (AUD/USD) is falling towards a potential breakout level and could potentially drop lower from here. Sell entry is at 0.6533 which is a potential breakout level. Stop loss is at 0.6590 which is a level that sits above the 23.6% Fibonacci retracement level and a pullback resistance. Take profit is at 0.6465 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
Levels discussed on livestream 29th July 29th July DXY: Consolidating between 104.20 and 104.40, if upper bound of 104.55 broken, could retest 104.80 NZDUSD: Look for reaction at 0.5865 support (buy/sell opportunity) AUDUSD: Sell 0.6540 SL 15 TP 45 (Hesitation at 0.6520) USDJPY: Sell 152.80 SL 30 TP 80 GBPUSD: Sell 1.2840 SL 25 TP 60 EURUSD: Sell 1.0840 SL 25 TP 65 USDCHF: Buy 0.8860 SL 20 TP 60 USDCAD: Buy 1.3850 SL 20 TP 45 Gold: Price needs to break above 2402 to trade up to 2417 and then to 2432
TVC:DXY
by JinDao_Tai
Heading into pullback resistance, could price reverse from here?AUD/USD is rising towards the resistance level, a pullback resistance that is slightly above the 23.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.6591 Why we like it: There is a pullback resistance that is slightly above the 23.6% Fibonacci retracement. Stop loss: 0.6622 Why we like it: There is a pullback resistance level which align with the 38.2% Fibonacci retracement. Take profit: 0.6529 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
AUDUSD two scenarios trading**Monthly Chart** AUDUSD monthly chart shows that it is moving within a range from June 2023 high of 0.68996 and Oct 2023 low of 0.62700 levels. The previous month's candle closed as bullish indecision after testing the Imbalance Price Action candle (or FVG) of Jan 2024. This month's candle (still active), moved higher to test the range of IPA once more and sold off at around 0.68000 which has provided a high probability trading setup with low risk to move lower on lower time frames (ie. Daily and 4H). I am interested to see how this month (July 2024) will close which provides an indicative direction on AUDUSD next movements from a technical view point. **Weekly Chart** Last week's candle closed as a bearish IPA suggesting the next trajectory to be lower at least to reach the lower target at around 0.646600 level. However, there is also an upside bias for AUDUSD to move higher to sweep liquidity at 0.68000 and then move towards a monthly high at around 0.69000 levels. As the price ranges on the weekly chart, it has two opposite scenarios (ie. Buy and Sell) at certain levels on lower time frames. **Daily Chart** Last week AUDUSD continued it’s move to the downside after it bounced from the key level at 0.68000 (round number). The move was aggressively bearish which indicates a continuation of the downward momentum at least to reach the 0.63500 level I have marked the two expected scenarios in the chart for reference.
Short
by PropSignals
2
AUDUSD Expected Growth! BUY! My dear followers, I analysed this chart on AUDUSD and concluded the following: The market is trading on 0.6558 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.6615 Safe Stop Loss - 0.6523 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Analysis of AUD/USD: Exchange Rate Falls to Early May LowAnalysis of AUD/USD: Exchange Rate Falls to Early May Low As indicated by the 4-hour AUD/USD chart today: → the rate fell below 0.652, a level last seen on May 2; → the RSI indicator dropped below 15, a level last seen during the panic over the spread of COVID-19 in spring 2020. The weakening of the Australian dollar could be linked to participants' expectations of upcoming news: → the US Core PCE Price Index will be published today at 15:30 GMT+3; → next week, Australian inflation data and the Federal Reserve's interest rate decision (both events scheduled for Wednesday) will be released. Is further decline in the AUD/USD rate possible? It is possible that the release of significant news could trigger a surge in volatility, causing the AUD/USD rate to fall below the recent monthly low of 0.652. However, technical analysis of the AUD/USD chart suggests a potential recovery scenario: → The sequence of local extremes in the first half of 2024 forms a structure resembling a narrowing triangle. It appears the central axis is around 0.0665, and the bounce from low B indicates support from the Support 1 line. → Therefore, it is reasonable to assume that, in the context of increased volatility in the forex market, the AUD/USD rate has significantly deviated from the average values around 0.0665. At current quotes, some participants might want to lock in profits from short positions and/or position themselves for a short-term recovery of the "Aussie" from the oversold zone, following a 4% drop from A to B in 10 days. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
US Core PCE Price Index Analysis25th July DXY: Consolidating between 104.20 and 104.40 Needs to break 104.60 to retest 104.80 (0.2% on Core PCE) NZDUSD: Look for reaction at 0.5865, Sell 0.5855 SL 20 TP 75 AUDUSD: Sell 0.6566 SL 20 TP 70 USDJPY: Buy 154.65 SL 50 TP 100 GBPUSD: Buy 1.2880 SL 25 TP 65 EURUSD: Sell 1.0830 SL 20 TP 75 (Hesitation at 1.0810) USDCHF: Look for reaction at 0.8840 (Depends on DXY volatility) USDCAD: Middle of support & resistance level Gold: DXY strength, XAUUSD break 2365 to trade down to 2350
TVC:DXY
by JinDao_Tai
AUD/USD squeeze risk growing?With tentative signs of stablisation in commodity futures and US equity index futures pushing higher in early Asian trade, the prospects for some form of squeeze higher in AUD/USD appear to be growing. You can see just how violent the selloff has been over the past two weeks, leaving it oversold on RSI (14) for the first time since August 2023. But the modest reversal on Thursday after breaking the 61.8% Fib retracement of the April-July low-high is about the closest thing to a bullish signal we’ve seen for the AUD/USD in a while. It’s tempting to go long with a stop below the fib level for protection, but it would be nice to see RSI break its downtrend first to provide confidence that the bearish price momentum is ebbing. Given the acute focus on China, the reaction to the PBOC’s CNY fix in FX markets, and opening of Chinese stock futures, may provide a strong tell on where the near-term path of least resistance lies. If they open firmer, it may increase the probability of AUD/USD upside. AUD/USD a proxy for risk appetite The chart also shows the rolling 10-day correlation between AUD/USD with COMEX copper in orange, crude oil in black, S&P 500 in green and Nasdaq 100 futures in blue. Every single correlation sits north of 0.8 with three of the four hovering around 0.9 or higher. The higher the score, the greater the relationship between the two variables. Taking a step back, the strong correlations suggest AUD/USD is being used as proxy for risk sentiment, a role it has often played previously when we’ve seen boarder risk-on-risk-off moves in markets. That means if we see even a modest improvement in risk appetite, as seen on Thursday when the latest batch of US economic data suggested premonitions of an imminent recession may be misplaced, the AUD/USD could find buyers. The price action in commodity futures is another potential sign that the worst of the rout is over, at least for the moment.
Long
by WHSelfInvest
AUDUSD I Two scenarios to consider Welcome back! Let me know your thoughts in the comments! ** AUDUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
by BKTradingAcademy
1
EURAUD - Monster Move Hey traders, EURAUD has been moving correctively for almost one year. According to Elliot Waves, the type of correction that has made is an irregular flat correction that consists of 3 waves: Wave A= 3 waves Wave B =3 waves Wave C = 5 waves Wave C is an ending diagonal = Reversal will happen. In addition to that, we are seeing nice divergence which indicates price is going to reverse soon. LONG Setup: - Watch break of 4H 50 EMA for entry - Stoploss : Below 0.382 fib - Targets: 1.70 ( 900 pips ) and 1.78 ( 1700 pips ) Check 4H chart for entry Goodluck and trade safe!
by Tradenessfx
Levels discussed on Livestream 25th July 25th July DXY: Consolidating between 104.20 and 104.40, Break 104.40 could retest 104.60 and 104.80 (GDP Pending). If 104.20 broken, price could retest 104 round number support. NZDUSD: Sell 0.5905 SL 20 TP 40 AUDUSD: Sell 0.6530 SL 20 TP 65 USDJPY: WATCH 152 SUPPORT LEVEL Sell 151.70 SL 30 TP 90 GBPUSD: Sell 1.2850 SL 25 TP 70 EURUSD: Buy 1.0855 SL 20 TP 60 (on DXY weakness) USDCHF: Trading lower, look for reaction at 0.8750 for rebound USDCAD: Buy 1.3850 SL 20 TP 45 Gold: Look for reaction at 2385 resistance level, rejection could trade down to 2365
TVC:DXY
by JinDao_Tai