AUDUSD Technical Analysis! BUY!
My dear friends,
My technical analysis for AUDUSD is below:
The market is trading on 0.6592 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6624
Recommended Stop Loss - 0.6573
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
AUDUSD
AUDUSD 4hour TF -June 17th, 2024Monthly - Bearish
Weekly - Bearish
Daily - Ranging
4Hour - Ranging
Scenario 1: We have been ranging for weeks and just found support for price action around 0.65800. Look for a higher low above the 0.66200 zone, If this happens expect AU to be move to the top of the range.
Scenario 2: If the range breaks bearish look for price action to form a lower lower below the 0.65800 zone followed by an undisputed lower high. Look for rejection + bearish conviction from resistance.
Heading into 50% Fibonacci resistance?The Aussie (AUD/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support.
Pivot: 0.6641
1st Support: 0.6577
1st Resistance: 0.6675
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDUSD - Do you wanna play the range?Range trading is as valid as any other, but not many traders play a range. If you are inclined to, you might want to consider this one. At least 2 touches on both sides are required to form a range and we do have that.
This is not a trade recommendation.
Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management in all your trades.
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AUDUSD → False breakdown of resistance. Ready to go down?FX:AUDUSD is forming a false break of the range resistance, but the market continues to struggle between traders. The focus is on the risk zone, the breakout of which will send the price flying downwards.
The trend is neutral, after a long-range retest of 0.66676 resistance a false breakdown is formed and the buyer has no potential to go up. A retest of the local maximum is possible, but all the emphasis is on the support at 0.6648. A break of this area will be a confirmation of the buyers' loss, as well as a break of the local uptrend, which will provoke the formation of a strong bearish impulse.
Resistance levels: 0.6668, 0.6715
Support levels: 0.665, 0.6558
Most likely, the buyers' strength will not be enough to pass the mentioned resistance from the first time. At the moment the seller is pushing the market and if the key support area is broken, the market will change its local mood
Regards R. Linda!
XAU/USD : Potential Upside After Reaction to Key Demand ZoneBy analyzing the #gold chart on the 2-hour timeframe, we observe that after the PPI news was announced yesterday, gold initially experienced a price surge. It climbed to $2327 before encountering selling pressure, leading to a correction of over 320 pips down to $2295.
As previously mentioned, the $2295 to $2303 range was a significant demand zone, and the price responded positively to it. Currently, gold is trading around $2331, having broken yesterday's high. If the price stabilizes above $2327, we can anticipate further growth in gold, with the first target being the liquidity pool above $2342.
Additionally, there's a Fair Value Gap (FVG) ahead that might be filled next week, ranging between $2348 and $2373. This presents an exciting opportunity for traders to watch for potential movements in the market.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Looking forward to the RBA decision on TuesdayWatch out for the RBA interest rate decision, which is coming out on Tuesday. Strong moves in AUD are possible.
#AUDUSD EASYMARKETS:AUDUSD
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDUSD continues to benefit from the return to risk assetsAUSTRALIAN DOLLAR ( OANDA:AUDUSD ) ANALYSIS
- Australian inflation eases less than anticipated in March and Q1 as a whole
- AUDUSD continues to benefit from the return to risk assets
AUSTRALIAN INFLATION EASES LESS THAN ANTICIPATED IN Q1
Monthly, quarterly and yearly inflation measures showed disappointing progress towards the Reserve Bank of Australia’s (RBA) target. The monthly CPI indicator for May rose to 3.5% versus the prior 3.4% to round off a disappointing quarter where the first three months of the year revealed a rise of 1%, trumping the 0.8% estimate and prior marker of 0.6%.
Generally higher service cost pressures in the first quarter have made a notable contribution to the stubborn inflation data – something the RBA will most likely continue to warn against. The local interest rate is expected to remain higher for longer in part due to the sluggish inflation data but also due to the labour market remaining tight. A strong labour market facilitates spending and consumption, preventing prices from declining at a desired pace.
Markets now foresee no movement on the rate front this year with implied basis point moves all in positive territory for the remainder of the year. This is of course likely to evolve as data comes in but for now, the chances of a rate cut this year appear unlikely.
OANDA:AUDUSD CONTINUES TO BENEFIT FROM THE RETURN TO RISK ASSETS
After escalation threats between Israel and Iran appeared to die down, markets returned to assets like the S&P 500 and the ‘high beta’ Aussie dollar. AUD/USD subsequently reversed after tagging the 0.6365 level – the September 2022 spike low and surpassed 0.6460 with ease.
Upside momentum appears to have found intra-day resistance at a noteworthy area of confluence resistance – the intersection of the 50 and 200-day simple moving averages (SMAs). The move could also be inspired by reports of Israel preparing to move on Hamas targets in Rafah, which could risks deflating the recent lift in risk sentiment.
US GDP data tomorrow and PCE data on Friday still provide an opportunity for increased volatility and a potential USD comeback should both prints surprise to the upside, further reinforcing the higher for longer narrative that has reemerged. All things considered, AUD may be susceptible to a sifter end to the week.
AUDUSD has mainly oscillated between 0.6680 and 0.6580The Aussie dollar lost ground in the week gone by. AUD/USD has mainly oscillated between 0.6680 and 0.6580 with prices testing the lower bound this week before lifting off it. Australian GDP is due next week as well, with estimates for Q1 suggesting a stagnant start to the year with 0% quarter-on-quarter growth. AUD/USD could continue to drift lower next week due to recent upward momentum in the US dollar and a complicated growth outlook for Australia.
AUDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
AUDUSD Technical Analysis! BUY!
My dear followers,
This is my opinion on the AUDUSD next move:
The asset is approaching an important pivot point 0.6594
Bias - Bullish
Safe Stop Loss - 0.6571
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6626
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
AU D Buy Idea 5/8/24Daily bearish trendline has broken and is now being retesting, so I am now looking at buys.
There's been a bullish impulse with a bearish correction (pullback) happening now. If price follows suit there should be a bullish continuation happening soon pushing price bullish.
This will have EMCers looking for entries Thursday or Friday to take price up to around .66722 for a -.27 TP.
**This is for educational purposes only and this is not financial advice because I am not a financial advisor.**