AUDUSD H4Hello traders, AUDUSD is setting up for a downside move, i am waiting for price to enter in a yellow box mentioned area and looking price action there for a short position opportunity but if things doesn't go that i wanted and price break the previous lower high then i will be watching the red box resistance area for a next short opportunity.
This is just analysis, not a proven trading system that would work a 100%
maybe 100% work in something but in trading this sounds like unusual.
i wish you good luck and good trading.
Audusdanalysis
AUD/USD:Bullish Harmonics Pattern Signals Long Setup OpportunityOver the last few hours, the AUD/USD currency pair has experienced a pullback around the 78.6% Fibonacci retracement level. This is an important level to watch, as it often indicates potential market reversals or changes in direction.
However, we have observed that this pullback has coincided with the formation of a Bullish Harmonics pattern. This pattern typically signals a potential bullish trend reversal and the emergence of a new long setup.
In addition to this, the price has also pulled back on the dynamic bullish trendline, which is another key indicator that we're keeping an eye on. When these indicators are in confluence, it strengthens our confidence in the long setup idea.
Based on our analysis of the market conditions, we believe that the AUD/USD pair is poised for a potential uptrend. We remain optimistic about the prospects of this currency pair and are looking for any new opportunities to go long.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Even now, if RISK ON for AUDUSD happens in the near future, it can definitely go UP. Therefore, AUDUSD currently has an UPSIDE BIAS.
Several RBA HAWKISH COMMENTS have been released. Also USD has become STRONG in short term with FED SENTIMENT. It will most likely be temporary. Therefore, STOCKS and COMMODITIES MARKETS are going down quite a bit. It is heavily influenced by the Australian dollar. And AUSTRALIA INFLATION DATA was very POSITIVE. Due to this, the RBA made a RATE HIKE.
- It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go up to the 0.7127 level. After that, if the MARKET RISK OFF, AUDUSD can SELL to the AUDUSD 0.6642 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. If the dollar becomes strong, you can sell until the level of 0.6552. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
AUDUSD BuyThe Australian dollar is slightly stronger this morning when valued against the Greenback. The Australian dollar jumped to an overnight high of 0.6758, after the Federal Reserve decision. It is testing the critical resistance zone around 0.6760, amid the broad-based Dollar’s weakness. Yesterday, investors looked past the Reserve Bank of Australia’s (RBA) hint of a rate pause as the prevalent selling bias around the US Dollar (USD) turns out to be a key factor that assists the AUD/USD pair to regain positive traction. It is worth recalling that the minutes of the RBA meeting held on March 7 revealed a step down in hawkishness as policymakers only considered a 25 bps hike and agreed to revisit the case for a pause at the April meeting amid the uncertain economic outlook. Looking ahead today and we will see the release of the Conference Board Leading Index a combination of 7 economic indicators related to money supply, building approvals, profits, exports, inventories, and interest rate spreads. Finally, on Friday we will see the release of the Purchasing Managers’ Index (PMI), a survey of about 400 purchasing managers, which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.
AUDUSD h1 price is sideways in the 0.6670-0.6730 zone. Today it is possible that the pair will move up to the 0.6730 resistance area once again. Recommended buy to current price 0.6692, SL: 0.6660, TP: 0.6730
AUDUSD Trading Plan - 20/Mar/2023Hello Traders,
Hope you all are doing good!!
I expect AUDUSD to go Down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
AUDUSD BuyAUD/USD remains mildly bid above 0.6700, around 0.6715 by the press time, as upbeat comments from the Reserve Bank of Australia (RBA) Official joins the market’s cautious optimism over the UBS-Credit Suisse deal during early Monday. However, fears of more banking sector rout and anxiety ahead of this week’s top-tier data/events probe the Aussie pair buyers of late.
Christopher Kent, Assistant Governor (Financial Markets), gave a speech on "Long and Variable Monetary Policy Lags" at the KangaNews Debt Capital Market Summit, in Sydney, early Monday morning in Asia-Pacific. The policymaker initially followed the suit of global central bankers while trying to rule out fears of the US and European banking sector fallout. More importantly, RBA’s Kent said that RBA is very conscious of the challenges facing borrowers from rapid rate rises.
AUDUSD main trend is still bullish. Currently on the h1 chart the price is consolidating and waiting for a breakout. Recommended to wait to buy around 0.6690, SL: 0.6660, TP: 0.6760
AUDUSD 4h long entryHello guys,
Today we are going to take a long entry in OANDA:AUDUSD currency pair. Right now, the price is coming down to take the support of 4h time frame . If you look at this currency pair of the 4-hour chart you can clearly see the price is going upward by taking the support its 4hr trendline. So, from here, there is a chance for this currency pair to go up. Once it has given a breakout from the resistance line there will be a big move ahead.
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
AUD/USD Multi-Timeframe & Order Flow Analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Happy CPI day! (AUDUSD Trade idea)Happy CPI day! (AUDUSD Trade idea)
Hello...Another day, another trade opportunity!
Today we have the CPI, I spoke about banks over the weekend and how they will become under pressure to rates increase, it's part of debt cycle - I will recommend you watch it as well research into what a debt cycle is and what assets get affected. Now, headlines bring in fear, in my person opinion, technically JPM was bearish pattern and it break to down side, that's when I use the classic line ' Trade what you see, not what you think'. Ignoring the noise everyday is key! It wasn't major deal we not going back to 2008! The Feds have improved as time goes by there are tools! That's another aspect you should research into! Now that's all over done with and was sorted on the weekend Sunday evening. Now we did see dollar decline and GBP, EUR, NZD headed higher AUD is lacking the momentum, there are several factors why as we see copper range bound, AUD this week unemployment rate but today we do have CPI which could edge this certain pair either direction. A good set up to trade would be AUDNZD.
Estimated to be CPI y/y: 6.0% Banks has there view of it being in-line. Now, if we look at CME rate basis %, the risk of 50 basis point is declining and 25 maybe priced in but for the feds to hike even further that's declining as well.
Technically AUD: RANGE for now.
Within range, at key trendline resistance a break above I expect 200 EMA to be target areas. If we break below the key support areas of 0.65750 areas then I expect 0.64700 areas.
Trade Safe!
Trade Journal
AUDUSD BuyThe Australian dollar trended upward through trade on Thursday as market sentiment improved following reports Credit Suisse will access as much as 50 billion Swiss Franc as a liquidity backstop. Having slipped below US$0.66 on Wednesday the AUD climbed steadily pushing back through US$0.6650 to mark intraday highs at US$0.6665. Better than anticipated domestic employment data helped underpin the AUD and AU rates as the market sought to price future rate adjustments. The events of the last week have dramatically changed the monetary policy landscape with analyst now expecting just one more rate hike before entertaining the possibility of rate cuts. With financial markets still absorbing this last shock price action will continue to be driven by offshore volatility. A sustained improvement in sentiment could help lift the AUD back through 0.67, although we anticipate markets will sideline major bets until after next weeks Fed Policy meeting. With US rate expectations tempered markets will be keenly attuned to the Fed’s response to this latest banking crisis.
AUDUSD h1 price is accumulating for a short period of time waiting to be discovered. Today, it is possible that the pair will go to the 0.6700 resistance area. Recommended to buy at current short price 0.6663, SL: 0.6630, TP: 0.6700
AUDUSD Trading Plan - 15/Mar/2023Hello Traders,
Hope you all are doing good!!
I expect AUDUSD to go Up after finishing the correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
AUDUSD SELL Playing out nicely I analysed this pair on 7 of March 2023 and it's playing out nicely. AUDUSD broke a strong support with huge engulfing candle on daily TF and came back retested the zone that's a very good sign that this pair is ready to go down. I'm anticipating 400 pips on this pair.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Even now, if RISK ON for AUDUSD happens in the near future, it can definitely go UP. Therefore, AUDUSD currently has an UPSIDE BIAS.
Several RBA HAWKISH COMMENTS have been released. Also USD has become STRONG in short term with FED SENTIMENT. It will most likely be temporary. Therefore, STOCKS and COMMODITIES MARKETS are going down quite a bit. It is heavily influenced by the Australian dollar. And AUSTRALIA INFLATION DATA was very POSITIVE. Due to this, the RBA made a RATE HIKE.
- It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go up to the 0.7127 level. After that, if MARKET RISK OFF, AUDUSD can SELL to AUDUSD 0.6500 LEVEL if MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. If the dollar becomes strong, you can sell until the level of 0.6552. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
DeGRAM | AUDUSD level rejectionAUDUSD is trading in a descending channel .
Price fell below the strong support level of 0.67000, which became resistance.
The market made a consolidation zone that acts as support and resistance , and the price printed a rejection candle .
We expect a classic breakout pullback continuation move.
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