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Audusd4h

AUDUSD might pumping after correctionSeveral weeks ago I expect it will going down retrace to price 64¢ but it didn't, it was pumping from 65¢ and broke the strong resistance swing high at 68¢, after that correction to strong support at 66¢ before it pumping hard again to test that 69¢, but unfortunately not yet touched. Usually when the price doesn't touched particular strong round number (almost touch 1-3 pips), once again when it comes to that price, it will break the price like it was nothing (long bullish/bearish candle close above/below the strong price). Actualy I had sell limit at 69¢ several weeks ago but the price didn't take my sell order (missed less than 2 pips). Now the market structure is clear, bull domination. Usually price will spike to 60-70 pips before it going in favor (downward). I expect will correction to 67¢ for buy opportunity to test the new resistance at 69¢ (200 pips). It was consolidating 100 pips between 66¢ (minor support) and 67¢ (minor resistance) for 10 days before it pumping hard broke the 67¢ after USD high impact news released (CPI data) and this mean this (67¢) is strong demand on daily or weekly chart (spot the move without change to daily or weekly chart). I'll looking the price to build minor structure on smaller timeframe such as H1 before take consideration to sell for corrective moves. What do you guys think?
Long
by UnknownUnicorn33119711
AUDUSD ready to test the bottom of the channelThe aussie dollar pair dropped farther this week and it's ready for another drop down to test the bottom of the channel. If the channel fails to hold, we think that we can see farther down side. The coming week should be rather choppy as the market finds direction. BEAR CASE One more drop down to test the bottom of the channel at 0.725 is needed before consolidation to find next big move. This move can be either to the downside or upside. BULL CASE From here, the correction upwards may be stronger before the dump comes, 0.73711 is good for a short if this scenario plays out.
by IkanBilisCapital
1
AUDUSD 4HHi Dear We have reached a strong support level and considering that the load bar is formed on this level and its closing point is on the previous candlestick body, we expect the resistance shown above. Hammer Pattern in Support Level = 0.75200 - 0.75350 Price : 0.75100 - 0.75350 S/L :0 .75000 T/L : 0.78130 This is a personal analysis and be careful when entering into a deal. But according to the news from AUD/USD, the price is expected to have the desired resistance after the climb fundamental news : This morning, the regulator published a quarterly report, which reflected the main points of the country's economic prospects for the near future. It was noted that the recovery in business activity continues but the process itself is uneven. After a significant gain in the first quarter, there is now a slowdown period. For this reason, wage growth and inflation remained at a low level, which ultimately formed the further position of the regulator to leave monetary policy unchanged at least until the end of the global bond buyback program in September 2021. As a result, two key parameters for revising the monetary policy of the regulator remain at levels below the target. Inflation is holding at 1.1% against the expected value of 2%, while the unemployment rate, although it fell to 5.1% in May, remained above the target range of 4.0–4.5%. Best Regards
Long
by moradimehdi595
1
AUSTRALIAN DOLLAR/U.S. DOLLAR to BUYChart is an expectation of market setup via harmonics. * Market in trend change trend for a buy. * RSI signaling oversold area currently at 38. * RSI reading 20-40 is in the oversold area. Considerations on where to collect profit; * Pattern D breakout can sometimes finish its run at TP1. * Chose your entry point wisely via indicators, etc. DISCLAIMER; Trading carries risks, ideas are for guideline purposes only. Do set stop losses when trading & be generous with how much room allowed for candle wicks. There is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire.
Long
by Dani0
1
After that extensive Bullish move, i expect price to ...Price moved bullish strongly and broke the resistance at the .71492 zone. Price then moved to another significant point in the market where it found resistance where price started to pullback. I see price retracing back to .71642 before potentially moving bullish again to .73536. If you want to take this trade, wait for a full bullish reversal candlestick pattern and risk no more than 1% on your trade. SL - .70959 ( The red line) Happy trading all :)
Long
by Malika_Analysis