Audusdanalysis
AUDUSD: Asian foreign exchange was little changed ahead of key dDollar constant with PCE inflation and Fed remarks in focus
The greenback index and greenback index futures fell throughout the Asian consultation on Tuesday, extending in a single day losses because the dollar noticed a few profit-taking after growing to an intraday high. one month.
Still, investors stay closely biased in opposition to the greenback in advance of key inflation and Federal Reserve alerts this week. PCE fee index data - the Fed`s desired inflation gauge - may be launched on Friday and is broadly anticipated to persuade the primary bank's hobby price outlook.
Along with PCE data, speeches from key Fed officials, consisting of Chairman Jerome Powell and FOMC member Mary Daly, may also be launched this week.
AUDUSD MARCH WEEK 5 OUTLOOK
Daily - Looks bearish. I will look for shorts after price holds below **0.65070**.
Origin - looks bearish. need to break **0.65091** for me to look for entry.
daily and origin both are in sync in terms of zone I need to look out for. so as it breaks, I will look to enter short
AUDUSD WYCKOFF PATTERN WITH STRONG SUPPORTHELLO FRIENDS
As I can see this pair is now testing a strong support zone and it can move upside from this area and if we see its also creating a harmonic pattern Wyckoff, we have a very low risk and higher reward entry here its just a trade idea share Ur thoughts with us.
StayTuned for more updates
📉 AUD/USD Review 📉📉 AUD/USD Review 📉
AUD/USD has shown a notable shift towards the sell side, indicating a clear imbalance favoring sellers. Multiple bearish signals have emerged, especially noticeable in lower time frames.
🔍 **Analysis**:
In recent sessions, AUD/USD has exhibited significant downward momentum, with price action consistently favoring the sell side. Lower time frames reveal a series of bearish patterns and indicators, signaling further downside potential.
📉 **Sell Side Imbalance**:
The sell side imbalance in AUD/USD is evident, suggesting a favorable environment for short positions. Traders should carefully monitor this imbalance, as it often indicates sustained downward pressure.
🎯 **Target Mentioned in Chart**:
Chart analysis points to specific target levels where sellers might aim to take profit or initiate further short positions. These targets provide clear guidance for traders looking to capitalize on the current bearish trend.
📈 **Conclusion**:
Overall, AUD/USD presents an attractive opportunity for traders looking to capitalize on the sell side imbalance. With clear targets outlined in the chart, there is potential for profitable short positions in the near term.
Happy Trading! 💼📉📊
AUDUSD - Bullish continuation ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I expect bullish continuation after price filled the imbalance and rejected from trendline + support zone. This move is supported by weak USD after news.
Fundamental news: Tomorrow we will see results of Unemployment Rate on AUD, news with high impact on currency.
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#AUDUSD: 500 pips buying opportunity with great Risk to Reward.AUDUSD, currently trading at the perfect area to take a swing buy entry, we already have two entries which are currently active. This can be a third entry, which is available to take right now with 100 pips stop loss and 700-800 pips as in take profit. Waiting for price to be extreme bullish in soon time.
Trade safe!
AUDUSD
AUDUSD appears to be exhibiting a bullish bias on the 4-hour timeframe, potentially following a bullish flag pattern alongside Elliott Wave theory indicating a completed 12345 sequence. The recent upward movement is supported by a retracement of approximately 61% within the context of Elliott Wave's fourth wave completion, suggesting further upward momentum may be likely. Traders could monitor for confirmation signals to capitalize on potential bullish opportunities in the near term.
AUDUSD WEEK 4 OUTLOOKDaily - looks touch uncertain. if the COT and DXY weakness is taken into consideration, AU should resume bullish trend. if that is to happen, I will wait today and see how AU closes today.
Origin - if AU continues it's leg down, I will look for price to get absorbed in the zone - 0.65327 - 0.65090 and take it up to the zone 0.65714 - 0.65955. clear bullish bias if price closes above 0.66207
DeGRAM | AUDUSD structure based tradeAUDUSD is near the major support level on the 4-hourly chart.
Price action is decelerating while approaching the support level and 141.4% fibo extension level.
There's a high chance that price bounces off the support if price creates a false break.
We expect a bullish move following the completion of the AB=CD.
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AUDUSD: Dollar steady, CPI data awaitedThe dollar index and dollar index futures steadied above the 102 level on Monday, after recording sharp declines last week.
The greenback was beset by comments from Fed Chairman Jerome Powell that the central bank was close to having enough evidence of easing inflation. Powell also made clear that he does not expect inflation to reach 2% to begin considering interest rate cuts.
Adding to this pressure, data on Friday showed nonfarm payrolls rose more than expected in February. But January's figures were revised significantly lower, while other figures showed unemployment rising, suggesting the labor market has cooled somewhat.
Powell's comments kept markets more focused on Tuesday's CPI data, especially as several other Fed officials also signaled that any rate cuts by the Fed would depend largely on the path of inflationary
AUDUSD still bullishI'll take my chance if price falls to my sweet spot area to long below 0.6590
final target would be above 0.680 . first tp should be around 0.669 . and i will follow trough a partial exit plan
the very crowded price zone from 0.6730 to 0.6770 would be easily covered by the way
AUDUSD high probability possible 1000 pips tradehello guys ,
today we are looking at AUDUSD , this pair provides a very good opportunity for a bullish setup
on the daily tf the price made a double bottom and broke its neckline however on friday the daily candle closed as an inverted hammer.
it is possible that the price might pullback towards the neckline to do a retest that also overlaps with the 4h orderblock which is going to be my point of interest and my entry point . id wait for confirmation to enter on 50% of the OB.
AUDUSD
In the AUD/USD 4-hour timeframe, a bullish trend appears imminent following a falling wedge breakout after completing its 5th wave. Currently, the pattern seems to conform to an ABC correction, with the last impulse correction nearing 78% completion. A breakout confirmation from the bullish flag pattern suggests a favorable entry point for traders anticipating further upward movement.
AUDUSD: Asia's foreign exchange market is quiet as China's econoMost Asian currencies have been little modified on Tuesday as China`s monetary objectives for 2024 did not buoy markets, even as the greenback steadied in advance of in addition hobby fee alerts later withinside the week .
Anticipation of greater alerts on US hobby prices additionally saved maximum nearby devices buying and selling in tight ranges, specially as remarks from Federal Reserve officers persevered to downgrade expectancies for reduce early.
China's Yuan is quiet because the People's Congress dominates
The Chinese yuan become mildly risky on Tuesday, with the currency's decline tempered with the aid of using a robust midpoint adjustment from the People's Bank of China.
Sentiment closer to the Chinese marketplace advanced little after Beijing set a 5% GDP goal for 2024, similar to 2023. But with a decrease economic deficit goal for the 12 months, traders query asks how possibly this aim is to be accomplished whilst the economic system is not able to reaching it. decrease baseline for assessment with the COVID-19 pandemic.
The Chinese authorities additionally promised greater stimulus measures this 12 months to enhance boom. But the obvious loss of proposed measures has left humans unhappy.
Separately, a personal survey confirmed boom in China's offerings enterprise slowed in February, indicating persevered monetary headwinds for the country.
Asian currencies in trendy are negatively motivated with the aid of using China because of its distinguished economic system withinside the region.
The Australian greenback, which has excessive exchange publicity to China, fell 0.1%, whilst information confirmed an development withinside the country's modern-day account withinside the fourth zone. Article The newspaper study in advance of a capacity development in fourth-zone GDP information, predicted out on Wednesday.
DeGRAM | AUDUSD kill zone for short opportunityAUDUSD is moving in the descending channel, creating a potential AB=CD pattern.
Price broke and closed below the consolidation zone, and it created a kill zone for the short opportunity.
We expect a bearish move from the kill zone and completion of the AB=CD.
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AUDUSD SHORTHere is my analysis for AUDUSD for a potential short to 0.64906 for a 1:7 profit target with a 5 pips SL. Cheers.
Pre-Market Analysis for Sunday March 3rd, 2024Pre-Market Analysis for Sunday March 3rd, 2024
I take a short term and long term view on the EUR/USD, GBP/USD and AUD/USD
AUDUSD : Short Trade , 1hHello traders, we want to check the AUDUSD chart. The price is moving in a descending channel and is undergoing a correction to a key level. We expect this level to play the role of a resistance level and maintain the downward trend of the price and the price will fall to around 0.64900. Good luck.
AUDUSD - Still bearish ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Price rejected from bearish order block and started to fall as I expected in my previous analysis. Now I will look to add short position if price fills the imbalance higher and rejects from resistance zone.
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AUDUSD 200pips SELL see WHY below.AUDUSD just tanked below the PML - Previous Monthly Low. Considering we didn't get a proper DIVERGENCE on the last Leg we are now expecting this leg to get us the proper DIV leg we have been expecting.
We expect a pullback to the PML then a FLUSH to the next KEY ZONE.
AUDUSD: Asian forex gains as dollar weakens; The yen increasedMost Asian currencies rose slightly on Tuesday, easing some of the dollar's slight decline before a key inflation gauge is set to give more signals on US interest rates in this week.
However, gains in the region's currencies remained limited, with most currencies remaining within trading ranges established over the past two months. The greenback also remained at its highest level in the last three months.
AUDUSD FALLING WEDGE PATTREN BUYING IDEAAudusd make a falling wedge pattren
The price going up because falling wedge
Pattren buy setup Of price action
TP1# 0.66180
TP2# 0.66880
