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Audusdanalysis

AUSSIE RALLY IS STARTING! [AUDUSD] LONG POSITIONIntroduction: The AUD/USD currency pair is exhibiting compelling signals hinting at a potential trend reversal, with a particular focus on the recent price action and key technical levels. Current Status: As of the close of the New York session, the price has firmly held ground at 0.65100, maintaining its position above crucial support levels. A noteworthy observation on the daily timeframe is the rebound from the 31.8% Fibonacci retracement level, signaling resilience in the bullish sentiment. Structural Shift: The narrative evolves further when examining the structure of the market. From early November, there was a notable Break of Structure (BOS), suggesting a shift in market dynamics. However, as of November 16, a Change of Character (CHOC) is evident, signaling a potential reversal in the prevailing trend. 4-Hour Bullish Momentum: Zooming into the 4-hour timeframe, candlestick patterns reflect a robust bullish trend. Multiple bullish candles with few wicks rejecting the 0.65150 zone, coupled with positive volume, create a compelling case for an imminent breakout. The 0.65150 level, appearing as a psychological barrier, is poised for a potential rupture. Long Position Opportunity: Considering the current dynamics, there appears to be a Long Position opportunity on the horizon. A favorable entry scenario is anticipated if the price successfully breaks the 0.65150 zone and undergoes a retest, confirming the newfound support. This setup presents a potential profit target of approximately 80 pips. Intraday Insights: During the overlap of the London and New York sessions, the price action adds another layer of intrigue. A Hammer candlestick followed by a Belt candlestick suggests a tussle between sellers and buyers. Despite the sellers' attempt to push the price down, the momentum from buyers appears to be gaining strength, setting the stage for a potential rally. Conclusion: In conclusion, the AUD/USD pair is displaying multiple indicators signaling a potential reversal and the initiation of a bullish trend. Traders are advised to closely monitor the 0.65150 zone for a breakout, and consider a Long Position with a retest confirmation. The recent price action, structural shifts, and intraday patterns collectively contribute to a compelling case for a rally in the Aussie.
Long
by e11p
1
💡 AUDUSD : Signs of a downtrend➡️Yesterday, the D1 bar in AUDUSD witnessed a decrease, closing above the low of the same bar, initially indicating a false break and subsequently confirming this deceptive move. This implies a weakening stance for AUDUSD D1 near the upper boundary of the cumulative price range. The overall structure of AUDUSD D1 remains in a sideways movement. ➡️Although AUDUSD experienced a bounce, it retraced, forming a lower price peak. The H1 structure of AUDUSD shows a downward bias. If there is a rebound in the retest mentioned above, it presents a selling opportunity. Alternatively, if the price breaks higher and retests the previous peak, it might be prudent to adopt a wait-and-see approach for a potential buying opportunity.
Short
by Stone_Haven
10
sell @AUDUSD, now.The AUD/USD declined on Thursday and fell below 0.6500. However, despite this correction, the short-term outlook still favors the upside as the Greenback remains under pressure due to weaker US labor market data and declining US Treasury yields. Data from Australia showed that employment rose by 55,000 in October, surpassing the consensus estimate of 20,000 and significantly higher than the revised figure of 7,800 from the previous month (originally reported as 6,700). Most of the job gains were in part-time positions. The Unemployment Rate rose from 3.6% to 3.7% as expected. The Melbourne Institute reported a slight increase in the expected one-year inflation rate to 4.9% in November, up from 4.8% in October. Despite the solid employment data, indicating a relatively tight labor market, and the rise in inflation expectations, the AUD/USD dropped during the Asian session as the US Dollar recovered ground. In the US, most economic data came in below expectations. Continuing Jobless Claims reached the highest since 2022, and Initial Claims rose to 231,000, the highest level in nearly three months. Industrial Production declined by 0.6% in October, exceeding the modest 0.3% contraction expected. On the positive side, the Philadelphia Fed Manufacturing Survey Index rose from -9 to -5.9, and the Kansas Fed Manufacturing Activity index recovered from -8 to -3 in November. The US Dollar weakened after the data, but the decline was not significant, and it quickly reversed back into positive territory as market sentiment deteriorated.
Short
by GrandeMaster
AUDUSD → Struggles to extend upside 0.6520The FX:AUDUSD pair faces pressure around 0.6520 in the late European session. The rally in the Aussie asset stalls as investors await the United States Retail Sales data for October, which will be published at 13:30 GMT. As per the consensus, consumer spending contracted by 0.3% against 0.7% growth in September. Weak consumer spending data would put more pressure on the US Dollar. The US Dollar has been facing a sell-off due to easing consumer inflation in the US economy. The US inflation report for October indicated that the headline inflation grew at the slowest growth in more than two years. The annual headline CPI rose by 3.2%, softened from estimates of 3.3% and the former reading of 3.7%. AUD/USD aims to climb above the immediate resistance plotted from August 15 high around 0.6520. The Asset aims to stabilize above the 50-day Exponential Moving Average (EMA), which trades around 0.6420, indicating that the near-term trend is upbeat. The Relative Strength Index (RSI) (14) attempts to shift into the bullish range of 60.00-80.00. If the RSI (14) manages to do so, Australian Dollar bulls will get strengthened further. A decisive break above August 15 high around 0.6522 will drive the asset to August 9 high at 0.6571. Breach of the latter will drive the asset towards August 10 high at 0.6616. On the flip side, fresh downside would appear if the Aussie asset drops below October 03 low around 0.6286. This would expose the asset to 21 October 2022 low at 0.6212, followed by 13 October 2022 low at 0.6170.
Short
by tradingconmike
AUD/USD: The impact of Xi-Biden's San Fran face-offThe AUDUSD and NZDUSD led the rally against the US dollar yesterday and are doing the same again today. The surprising low inflation number from the US is what caused the rally yesterday. But today we have a new event that could be driving sentiment in these pairs. This event is still underway, so it still to play out completely, and its consequences still to be digested and figured into the market: This event is the meeting of Chinese President Xi Jinping and US President Joe Biden in San Francisco. The meetings represent a cooling of trade (and otherwise) tensions between the two countries. What next? A weak support has been established around 0.64828. I would like to see the pair probe for a close closer to 0.65400 before concluding that there is a definite bullish bias. We will be watching news reports about the mood of the meeting and any outcomes to gain an understanding of the fundamental drivers for the AUD.
by BlackBull_Markets
AUDUSD - Potential retracement ✅Hello traders! ‼️ This is my perspective on AUDUSD. Technical analysis: As we can see here price changed the character and now we could see bullish market structure. After taking buy side liquidity I see price to make a retracement to fill the imbalances lower and then may be a rejection from bullish order block. Fundamental news: Tomorrow will be released Unemployment Rate on AUD. If the result is negative, it will support our idea. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
💡 AUDUSD: Next predictionAUDUSD demonstrated a remarkable recovery in the recent session, nearly recovering all losses incurred over the preceding four sessions. The upward momentum in prices is notably robust. Anticipate further upward movement in the price. It is advisable to adjust stop losses (SLs) and maintain existing buying positions. Breaking the 0.65 threshold would serve as a confirmation signal for the market. In the event of a successful breakthrough, there is a potential for a reversal, with the target being the upper boundary of the long-term descending price channel, providing an opportunity to consider buying positions.
Short
by Stone_Haven
6
💡 AUDUSD: Impacted by increased interest ratesThe Australian economy is facing significant challenges due to the rising domestic interest rates, placing immense strain on its economic stability. Despite ongoing global economic uncertainties, Australia has been unable to evade the repercussions, leading to a continuous decline in the Australian dollar over the past five trading days. Despite the apparent stern stance of the Reserve Bank of Australia (RBA) in its policy, investors remain skeptical, providing minimal support to the Australian dollar. Many are unconvinced of the likelihood of an actual interest rate hike, with consensus suggesting that such a move is improbable until at least May, two years from now. Recent trends in the AUD/USD pair indicate a potential bottoming out followed by a rebound. The Moving Average Convergence Divergence (MACD) has displayed a golden cross formation beneath the zero axis and is now trending towards the 48-hour moving average. However, the future trajectory of the Australian dollar remains contingent on the upcoming US Consumer Price Index (CPI) data for October. Should the data bolster the US dollar, it is anticipated that the Australian dollar will continue its downward trajectory.
Short
by Stone_Haven
AUDUSD LONGAUDUSD has reached the higher low area of the ascending channel and the new horizontal support zone in the 4-hour timeframe chart We expect the pair to re-test the key support levels listed on the chart, We taking this trade based on technical analysis and candlestick patterns. Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a breakdown of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Let's say your broker gives you 1:500, and you open 0,2 size, How much are you exposing? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long-term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Long
by Pro-Trading-Africa
AUDUSD Technical Analysis And Trade IdeaIn this video, we conduct a thorough analysis of the AUDUSD currency pair, delving into the prevailing upward momentum observed in both the monthly (1M) and weekly (1W) timeframes. This currency pair has encountered a notable resistance level, signaling the potential for an impending retracement. Throughout our discussion, we will explore the nuances of technical analysis, providing valuable insights into effective forex trading strategies. It is of utmost importance to emphasize that the information presented in this content is exclusively intended for educational purposes and should not be construed as financial guidance. Engaging in the currency market carries inherent risks, underscoring the critical need for implementing robust risk management techniques within your trading plan.
Short
by tradingwithanthony