AUDUSD bullish stocks and potential upsidesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.66400 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.66400 support and resistance area.
Trade safe, Joe.
AUDUSD
Aussie H4 | Bearish momentum intactThe Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6622 which is a pullback resistance.
Stop loss is at 0.6656 which is a level that sits above the 23.6% Fibonacci retracement level and a pullback resistance.
Take profit is at 0.6578 which is a swing-low support that sits above the 127.2% Fibonacci extension level.
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AUDUSD Is Very Bullish! Long!
Here is our detailed technical review for AUDUSD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.662.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.664 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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AUD/USD SHORT FROM RESISTANCE
Hello,Friends!
AUD-USD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.671 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the AUD/USD pair.
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Levels discussed during Livestream 23rd July23rd July
DXY: Ranging between 104.20 and 104.40, if price breaks 104.50, Inverted Head and Shoulder, could retest 104.80
NZDUSD: Sell 0.5970 SL 20 TP 50
AUDUSD: Sell 0.6615 SL 15 TP 35
USDJPY: Sell 156.10 SL 30 TP 60
GBPUSD: Bearish Flag: Sell 1.2890 SL 25 TP 110 (Hesitation at 1.2860)
EURUSD: Sell 1.0865 SL 20 TP 55
USDCHF: Buy 0.8925 SL 25 TP 75
USDCAD: Buy 1.3790 SL 20 TP 50
Gold: Could retrace higher to 2410, wait for retracement to complete, needs to break 2380 to trade down to 2350
AUDUSD M15 I Bullish Bounce Based on the M15 chart analysis, we can see that the price has just bounced off our buy entry at 0.6634, which is a multi-swing low support.
Our take profit will be at 0.6659, which is a pullback resistance level close to 38.2% Fibo retracement.
The stop loss will be placed at 0.6620, which is a multi-swing low support level.
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.
AUDUSD On The Rise! BUY!
My dear friends,
Please, find my technical outlook for AUDUSD below:
The instrument tests an important psychological level 0.6639
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.6691
Recommended Stop Loss - 0.6610
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
BULL WILL TAKE OVER AUD/USDI’d expect the US dollar to break down as stock market bulls rush to put their greenbacks to work.
Instead, the US Dollar Index TVC:DXY is holding steady. Dollar-yen is refusing to roll over.
And risk-on commodity currencies – the Australian, Canadian, and New Zealand dollars – are failing to trigger buy signals.
Stock market bulls don’t seem to care about the lack of risk-on signals from global currencies.
As long as that’s the case, neither should we.
But can you imagine how US equities will respond if the dollar finally takes a dive?
AUDUSD, Time for SELL ?Hello traders, hope you doing great.
for upcoming week, I think we'll probably see a downtrend in AUDUSD to specified Level. so with a proper trigger, we can open a short position.
and finally tell me what do you think? UP or DOWN? leave your comment below .
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Thanks.
Levels discussed on Livestream 22nd July22nd July
DXY: If price breaks below 104.20, could retest 104 round number support. (possible formation of inverted head and shoulder)
NZDUSD: Sell 0.5975 SL 20 TP 45
AUDUSD: Buy 0.6685 SL 20 TP 45
USDJPY: Sell 156.60 SL 40 TP 90
GBPUSD: Buy 1.2965 SL 25 TP 75
EURUSD: Sell 1.0870 SL 20 TP 60
USDCHF: Buy 0.8925 SL 25 TP 85
USDCAD: Sell 1.3765 SL 25 TP 65
Gold: Needs to break 2380 to trade down to 2350
AUD/USD - Bearish Opportunity with Head and Shoulder PatternThe AUD/USD currency pair has recently exhibited a classic Head and Shoulder pattern, indicating potential bearish momentum. The price has broken below the neckline, which previously served as a strong support and trendline. Currently, the price is testing a key support level, suggesting a possible retracement from this area.
Chart Pattern Analysis:
The Head and Shoulder pattern typically signals a trend reversal, and the recent break below the neckline confirms this bearish sentiment. The neckline break indicates strong selling pressure, and the price action is now testing a critical support level.
Fibonacci Retracement Analysis:
The potential retracement aligns with the 50% to 61.8% Fibonacci retracement levels, providing a confluence of resistance around this area. This enhances the likelihood of a bearish trend continuation, also aligned with the trendline that has turned into a resistance zone.
Trade Setup:
Entry Point: Near 0.67100 (re-test of the trendline and resistance area)
Stop Loss: Near 0.67450 (above the resistance zone to manage risk)
Take Profit Levels:
TP-1: 0.66750
TP-2: 0.66400
TP-3: 0.66050
Conclusion:
Given the technical analysis, the AUD/USD pair presents a potential short-selling opportunity upon a retracement to the resistance zone. The alignment of the trendline, resistance, and Fibonacci levels provides a high-probability trade setup. Traders should consider entering near 0.67100 with a stop loss at 0.67450 and targeting the take-profit levels as specified.
Note: As always, traders should conduct their own analysis and consider market conditions and risk management strategies before entering any trades.
AUDUSD Trading Plan - 21/Jul/2024Hello Traders,
Hope you all are doing good!!
I expect AUDUSD to react from the highlighted zone.
The Up move is expected to be just a correction.
Plan to Trade:
If market gives bullish reaction at zone, I am a Buyer till 0.671 area.
Look for your BUY entry setups as per the above expectations.
Your follow and like will be a token of appreciation.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
AUDUSD Set To Fall! SELL!
My dear subscribers,
AUDUSD looks like it will make a good move, and here are the details:
The market is trading on 0.6657 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.6643
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
AUDUSD Will Move Higher! Buy!
Take a look at our analysis for AUDUSD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.668.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.670 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
AUD/USD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
It makes sense for us to go long on AUD/USD right now from the support line below with the target of 0.673 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
✅LIKE AND COMMENT MY IDEAS✅
AUDUSD to see a temporary move lower?AUDUSD - 24h expiry
The primary trend remains bullish.
A lower correction is expected.
The hourly chart technicals suggests further downside before the uptrend returns.
Preferred trade is to buy on dips.
Bespoke support is located at 0.6670.
We look to Buy at 0.6670 (stop at 0.6646)
Our profit targets will be 0.6730 and 0.6745
Resistance: 0.6710 / 0.6730 / 0.6750
Support: 0.6670 / 0.6650 / 0.6630
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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