Audusdanalysis
DeGRAM | AUDUSD kill zone for short opportunityAUDUSD moved out of the ascending channel and made lower lows.
The price is pulling back to the resistance level at 0.66600.
Price action formed a kill zone for the short opportunity: fibo level 61.8% and dynamic resistance.
We expect a bearish move from the kill zone.
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AUDUSD Possible sell zone!!Currency Pair : AUDUSD
Possible direction : Bearish
Multiple-timeframe Analysis : Daily : Price has just tested the daily 20EMA and has broken toward downside forming a daily MIDDLE MAN which may continue to drop as long term trend is down
Monthly: There is strong rejecjction from the resistance level.
Weekly: Pirce already tested the weekly resistance level and rejected from upper wick of the weekly doji.
4H: Price currently is in pullback and may start dropping from 20EMA to merge with it's long term down trend
Possible trade recommendation : Bearish as per chart sketch
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AUDUSD : Long Trade , 1hHello traders, we want to check the AUDUSD chart in the 1-hour time frame. The price is moving in an upward trend after breaking the descending channel. If the specified key level can maintain the price, we predict that the price can continue its upward trend. Let Veta grow to 0.67200 and then 0.67600. Good luck.
Who's Right? Hawk Economists vs. Dove Traders - RBA meets TodayYesterday, the AUD/USD experienced its third consecutive day of growth. However, the upward trend is expected to face obstacles during Tuesday's trading session due to the impending Reserve Bank of Australia meeting.
Despite some analysts adopting a more hawkish stance and predicting a rate hike as the most likely outcome of today's meeting, money market traders have reduced their forecast to a one-in-three chance of an increase, down from 40 percent on Friday afternoon.
Although inflation numbers in Australia have slowed down, the Consumer Price Index remains above the target range, while the key interest rate stands at 4.1 percent, below the CPI. Furthermore, recent remarks from RBA Governor Lowe have maintained a hawkish tone, leaving the possibility of further rate hikes open, even after two unexpected increases.
As US markets remain closed in observance of Independence Day, the AUD/USD has been consolidating at 0.66700 prior to the RBA decision. With conflicting views from economists and traders, the meeting's outcome has the potential to inject some volatility into the pair.
In terms of potential resistance levels, the initial zone to watch out for is around 0.66900, followed by 0.67200. However, it is important to note that considering the RSI's decline below the 60.00 level, the upward momentum has weakened. Nevertheless, the overall inclination remains biased towards the upside. Therefore, exploring higher levels may not be immediately feasible.
AUD/USD best level to sell +210 PipsDear traders, in my previous AUD/USD idea, I mentioned selling at
0.6720. That idea resulted in 120 Pips profit.
Currently, AUD/USD is in a pullback phase after touching 0.66.
Note that the area around 0.6692 is a dynamic resistance zone.
So, if price struggles at this level, traders can consider selling
at 0.6692-0.6702 with SL above the resistance and TP at 0.6475.
AUD/USD could rebound if the RBA deliver a hawkish hikeAUD/USD retracted around -4.4% from the June high, and it appears we may have seen a swing low around 66c. The pullback found support around a volume cluster from the previous rally and formed a 3-day bullish reversal pattern (morning star reversal). Soft US inflation helped weigh on the US dollar, and an RBA hike tomorrow could send the Aussie higher.
Money markets are pricing in ~23% chance of a hike, whilst economists are split 50/50 between a hike or a pause.
I suspect money markets have priced it incorrectly once again, and the RBA are more likely to hike by another 25bp tomorrow. 4.1% is still low relative to the RBA’s peers, the BOE hiked by 50bp and the ECB, SNB and BOC all hiked by 25bp since the RBA’s last meeting. And the Fed continue to suggest two more hikes are coming. Sure, Australian inflation was lower than estimate, but remains nearly twice the upper range of the RBA’s target. And as this may be Lowe’s last meeting, he may feel obliged to back another rate hike tomorrow.
AUD/USD has pulled back during Asian trade and is trying to build a base above Thursday's high. An initial move towards the 0.6720 high seems feasible, with a 25bp hike potentially seeing the Aussie extend it rally towards the 86c resistance zone.
AUDUSD Analysis. 2 False Brake Out!!!Hello everyone. I want share my idea about AUDUSD.
Last week we saw 2 False Brake outs from Flat ( I marked both with yellow circle ) with it market make lot of liquidation, but end of the week price stop moving when it was on first daily Fibonacci LVL.
Price movement down side is strong, and it didn't give me any opportunity for open long position, for that I need brake first resistance LVL which is at 0.667 and then brake strong resistance where it made false brake out which is at 0.679
Here is my 2 scene of price movement.
Bullish Scene 1 - Brake 0.667 LVL retest it and then brake strong 0.679 LVL after retest it need to brake another Resistance at 0.689. that will be confirmation of bullish trend then we can catch good bullish movement.
Bearish Scene 2 - brake Support LVL at 0.664 retest it and continue moving downside brake second big support where it made False Brake out, and last it need to brake 0.647 LVL after retest that broken support we can catch good bearish move.
Be Patient!!!!!
AUDUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. My point of interest is if price makes a retracement to fill the imbalance higher and then rejects from bearish order block.
Fundamental analysis: Tomorrow we have news on USD, will be released quarterly GDP. Pay attention to the results in order to validate the analysis.
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20 Reasons for Buy AUDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: A completely bearish trend is in place. The last low was created in 2001, followed by a CHOCH (Correction of Higher Chance) that occurred in 2011. The market then entered a correction phase and formed a valid lowest level in 2020 with a big hammer and heavy volume. This indicates that the market may have formed a higher low and could potentially continue its bullish journey. Currently, the market is making an inside hammer move and coming down for a liquidity grab. Price has reached an extreme level, and if we closely observe, we'll notice that each candle has lower-side wicks.
2:📆Monthly: Despite the overall bearish trend, there is a valid low formed, and at that low point, there is a significant volume which indicates a strong buying area. If we look at the closing of November 2022, there is a big doji candle followed by big bullish momentum moves. The current month's candle also shows a similar character.
3:📅Weekly: A triangle pattern is forming, and it has almost narrowed down according to the timeframe or the triangle's nature. If we check the ratio of bullish and bearish candles from the last low to the current candle, we can clearly observe powerful bulls in control. The internal structure forms a bearish CHOCH, but it immediately creates a fakeout, turning the bearish CHOCH into a bullish pattern. Take this into consideration.
4:🕛Daily: A very strong CHOCH has already occurred, and now the price is making a corrective move after the CHOCH. At an interesting point, we can observe significant volume before the point, indicating profit booking. Following this, there is a classic doji candle and the current big bullish momentum candle that signals a long position entry.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish CHOCH
6: 2 Pattern Candle Chart: Doji and momentum candle
7: 3 Volume: Execution volume before 3 days
8: 4 Momentum UNCONVENTIONAL RSI: Shifting from a bearish range to sideways, indicating strength on the upside. RSI holding above the 40 level signifies strength in the upside move.
9: 5 Volatility measure Bollinger bands: After a volatile move, the price is currently in a calm mood. The last squeeze breakout formed a headfake formation where the price initially went down and then reversed, leading to opposite price moves.
10: 6 Strength ADX: Sideways movement
11: 7 Sentiment ROC: AUD is stronger than USD on the scoreboard.
✔️ Entry Time Frame: Daily
12: Entry TF Structure: Bullish CHOCH
13: Entry Move: Impulsive
14: Support Resistance Base: Support at Fibonacci Validation Zone (FVG) and order block (OB)
15: FIB: Trigger event activated
☑️ Final comments: Buy right now.
16: 💡Decision: Long
17: 🚀Entry: 0.6700
18: ✋Stop Loss: 0.6630
19: 🎯Take Profit: 0.6970
20: 😊Risk to Reward Ratio: 1:3
🕛 Expected Duration: 15 days
AUD/USD hourly chart analysis, further decline likelyDear traders, AUD/USD has pulled back a bit after dropping to 0.6665 level.
However, it seems like the current pullback is about to end.
Price is struggling to cross the 100-hour moving average which is acting as
a dynamic resistance in AUD/USD . So, my recommendation is to sell the
rallies in AUD/USD.
The short-term target would be 0.6670. If the minor support line at 0.6670 breaks,
expect further decline towards 0.66
AU Dump Set to Soar by an Impressive 3.57%?Technical Analysis :
12 hour pull back chart :
Verified by VRVP :
I'll join the action only when that red line finally breaks.
My strategy involves using a dynamically trailing stop loss approach.
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