Audusdanalysis
AUDUSD Long (24/04)Price for AUDUSD may be looking to turn after a week of selling. It has left a wick below, signalling rejection.
An order block was drawn, in hope to ride out the sell - however it was broken through, leading to the confirmation of the above. Using the breaker block I’m using the highest recent point for my first take profit and the swing highs as my future take profit points.
N.B.: Do your own research do not take my analysis as financial advice. Thank you
AUDUSD - Potential sell idea ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from FIBO 0.618 level.
Fundamental news: This week on Friday will be released Unemployment Rate on AUD, news with high impact on currency.
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AUDUSD: The dollar headed for a second weekly gain amid interestThe US dollar is on track to gain for a second straight week today, underpinned by a strong US economy that has changed expectations for an interest rate cut by the Federal Reserve. The greenback's 0.17% gain for the week was tempered after Thursday's warning message from financial leaders in the US, Japan and South Korea regarding the weakness of the Japanese yen and won by South Korea, suggesting the possibility of coordinated intervention.
Asian currencies have been hit particularly hard by a stronger dollar. Carol Kong, a currency strategist at Commonwealth Bank of Australia, noted the importance of the joint statement and acknowledged the growing possibility of Asian foreign exchange intervention. However, Kong expressed uncertainty about US involvement, arguing that a stronger dollar would h
AUDUSD - Bearish Breakout ConfirmedThe Australian dollar continued its strong sell-off even as the prices of industrial metals continued bouncing back. The AUD/USD pair crashed to a multi-month low of 0.6450 on Monday, much lower than this month’s high of 0.6645.
Bearish view:
- Sell the AUD/USD pair and set a take-profit at 0.6425
- Add a stop-loss at 0.6525
Bullish view:
- Set a buy-stop at 0.6480 and a take-profit at 0.6550
- Add a stop-loss at 0.6400
Guys, what do you think? Leave a comment with your thoughts.
DeGRAM | AUDUSD structe based tradeAUDUSD is currently testing the structure resistance level by completing the AB=CD pattern.
Volatility decreased, approaching the resistance level. After reaching the dynamic resistance, the chart formed a bearish takeover.
The market reached the strong resistance level on the D chart.
We expect a sell-off from the resistance.
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AUDUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity AUDUSD
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AUDUSD Bullish continuation**Monthly Chart**
March 2024 monthly candle closed as a reversal doji candle after breaking the high of the previous candle, then closed near the low of the March candle. This indicates that AUDUSD has a strong probability to start moving higher.
**Weekly Chart**
Last week's candle closed as an engulfing candle after taking the high of the previous week's candle. The reason is that it didn’t take the low as it reversed near it. This indicates that the price will likely start moving higher in the coming weeks.
**Daily Chart**
Last week AUDUSD coiled near a relatively equal weekly low (demand zone), created a manipulation candle and started moving higher. This indicates a continuing bullish move at least towards 0.66500 level and then 0.67000
DeGRAM | AUDUSD broke up dynamic resistanceAUDUSD has been sharply bought back again after reaching lower support.
Price has returned to the ascending channel and the dynamic resistance has been broken and now acts as support.
The downward structure has not been broken yet.
We expect a pullback after reaching the nearest resistance level.
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AUDUSD: Asian foreign exchange was little changed, the dollar leThe greenback fell from a almost five-month excessive after Powell`s remarks
The greenback index and greenback index futures fell barely in Asian trading, extending in a single day losses after Federal Reserve Chairman Jerome Powell gave blended indicators on a reduce. lessen US hobby fees.
While Powell stated the Fed might subsequently reduce hobby fees later this year, he gave scant indicators at the timing and length of cappotential cuts. Powell additionally stated the crucial financial institution will want to be extra assured that inflation is shifting towards its annual goal of 2%.
Powell's remarks come simply in advance of key March nonfarm payrolls data, due out on Friday. Steady inflation and the electricity of the hard work marketplace are the Fed's largest issues in its capacity to reduce hobby fees.
Ahead of the hard work data, there has been additionally recognition on speeches from different participants of the Fed's hobby rate-placing committee. FOMC participants Michelle Bowman and Thomas Barkin will communicate at separate occasions afterward Thursday.
AUDUSD: 03/04/2024
Please be informed that we should wait for the price to rise to our level and then wait for a clear reversal on the daily timeframe. Currently, we are observing strong bearish signals on the DXY, and due to the overbought condition on the DXY, the price is likely to decline further and undergo a significant correction. It is crucial to monitor the DXY rebound, as there will be news on Friday that will significantly impact USD pairs, including AUD.
Wishing you the best of luck and safe trading.
AUDUSD - Bearish Trendline ChannelMarket Overview:
At the 4-hour time frame, AUDUSD exhibits a robust Bearish Trendline Channel, suggesting a prevailing downward momentum. Currently, the currency pair finds itself positioned at a crucial residential level, adding weight to the potential bearish outlook.
Entry and Stop Loss:
Based on the analysis, a strategic entry point is identified at 0.65200, aligning with the broader downtrend and providing an optimal risk-reward ratio. To mitigate potential losses, a recommended stop loss is set at 0.65600, strategically placed to protect against adverse market movements.
Profit Targets:
Regarding profit-taking levels, two targets are outlined: TP-1 at 0.64850 and TP-2 at 0.64480. These levels are chosen based on technical support and resistance areas, aiming to capture potential downward price movements within the established trend.
Conclusion:
In conclusion, the technical analysis suggests a bearish bias for AUDUSD, with a calculated entry point, stop loss, and profit-taking levels in line with the prevailing market dynamics. Traders are advised to execute with caution and adhere to risk management principles.
Disclaimer:
This analysis is based on current market conditions and may be subject to change as new information becomes available.
DeGRAM | AUDUSD correction after false breakoutAfter breaking through the ascending channel, the price unsuccessfully tried to return to its boundaries.
AUDUSD is now moving in a narrow range.
The asset is likely to try to return to the channel once again and then go down to retest the support.
We expect a bearish move.
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DeGRAM | AUDUSD short opportunity from channel borderAUDUSD recently made a double bottom support level and broke and closed below it.
The price broke and closed below the ascending channel as well, indicating a trend shift.
The market is consolidating on the 4H timeframe, and price likely will retest the support by creating an equal, measured move.
We expect a bearish move.
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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