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Audusdbuy

AUDUSD At The Bottom?AUDUSD on the daily time frame has been hovering around the same area for a few days now and respecting the lows. This is a sign that it might have reached the bottom and is collecting some fuel for a bounce back. However a break will see a sell to 0.72 Best is to start with a buy position with a 40 pip stop loss. If that stop gets hit it means the support is broken and it will sell further. so at that point you enter a sell which you hold for 200 pips an you make a nice profit. But for now the signs show it will buy so we go buy. Switching to sell is our Plan B which we probably wont need.
Long
by JoshFX1
3
AUDUSD : ESCAPEHi traders! (As always, our students got notified early about this analysis) The AUDUSD is currently in a short term downtrend but in a longer term bull cycle. You can see in this chart that AUDUSD got hammered past few days and did a 3 month low. Looking at the weekly FIB extensions we may have now hit a wall. Concidently, that FIB extension lines up perfectly with support. I'm also looking at how gold performed last few days and the same scenario happened. Gold now built a nice support zone that it couldn't breach to the downside. This XAU move makes sense since AUD economy is built off commodities and vice versa. Now that I got 2 confirmations that a up move is imminent, I looked at the RR. Since we could enter the trade right when it was sitting on said support, the RR on this trade is amazing. That makes it all worth to enter. Here's what I'm thinking : AUDUSD LONG ENTRY : 0.7692 SL : 0.76525 TP : 0.79434 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Long
by ScottMescudiForex
Daily Pinbar at Structure: time to retrace?Hi guys, as you can see on the left hand side of your screen we're up to a previous level of structure. And in doing so, price has formed a nice pinbar showing buying pressure. When i look at the 4 hr chart then, an engulfing pattern appears following a pinbar, and that gives me reasons to believe we could see a reversal at this point. With a little retracement, i'll go long with stops below the lows, and targets as shown. If you have questions/ideas, please let me know down below. Otherwise, see you in the next chart!
Long
by Roker1
AUDUSD: RIPTIDEHi traders! AUDUSD seems to just pattern itself out each time. We see again the same bottom that it made last time before firing up to +0.80 Clear divergence on daily MACD Buyers found in this zone making multiple wicks DXY finally top (resuming its downtrend) Playing off those FIB extension perfectly Here is my suggestion: AUDUSD LONG: ENTRY : 0.78654 SL : 0.78286 TP : 0.80506 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Long
by ScottMescudiForex
4
AUDUSD : BIG BULLS NEVER CRY!Hi traders! Last week was so positive for last other pairs vs USD but somehow the AUD paused and consolidated when it reached some monthly resistance. The drop was quickly bought and now we are sitting exactly on our .786 FIB line. I don't see the USD gaining strength anytime soon. AUD seems to be the currency with the most upside this week since it didn't follow other pairs. DXY making majors lows, gold posting new highs only helps this rhetoric. RSI & MACD right on cue. I will go long from here. Trade safe!
Long
by ScottMescudiForex
2
AUDUSD Long Term 2000 Pips Bullish Trend Time for a long term prediction on the weekly time frame. Since its the weekly time frame it can take 2 up to 5 months. Basicly what you can see is that the past months AudUsd has been trading in a very tight range after being 0.88+ for a while. So far this tight range has contained itself but the 1st cracks are appearing. The Stoch and ADX indicators are all still bullish and the price is fighting a resistance again. Besides this the bollinger band is also squeezing. When Bollinger Band is squeezing it means that when price will break out of the bands the price move will be big. Given the setup of the indicators and the price action the past months a break to the upside is very likely and AUDUSD has a good chance to move back up to its previous trading range at 0.88+. Ive also laid out possible resistance levels on the way up. Trading advice: Start a small position and add more on the way up. 0.7400 would be a good stop loss, if that breaks 0,72 > 0.70 is next. Some might consider it a big stop loss but remember we are trading on the weekly time frame now and the high you go in time frame the bigger the price swings :)
Long
by JoshFX1
2
AUDUSD right on major support, time to start buyingBuy above 0.7577. Stop loss at 0.7556. Take profit at 0.7642. Reason for the trading strategy (technically): Price is now right on our buying area. We prepare to buy above 0.7577 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a bounce up to at least 0.7642 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing a nice bounce above 4% with good upside potential. Reason for the trading strategy (fundamentally): It’s too tricky to call a move on NFP this month as there are too many mixed signals. Arguments for stronger payrolls include Challenger job cuts, employment component of manufacturing ISM rising, consumer confidence rising to 118.9. However, there is also strong arguments for weaker payrolls with Employment Component of Non-Manufacturing ISM dropping to 55.8 from 57.8, ADP Employment Falls to Lowest Level Since October, 4 Week Jobless Claims Average Rises to 243K from 239K, Continuing Claims Rises to 1.956M from 1.929M and University of Michigan Index Drops to 95.1 from 97.1. We lean slightly closer to USD weakness which means it is in line with our rise in AUDUSD.
Long
by MEX_Exchange
Trend Continuation Pattern on AUDUSDHey guys, Australian dollar has gained a lot over the pasy days, you can see this from the chart above and you can also see that lately price has been ranging in a very tiny space. When you see impulsive move like this you would expect price not to retrace so much because of the strength disequilibrium. And that is what i think could happen next here: flags, pennants, wedges, these are all trend continuation patterns that appear when price has a strong trend. Therefore, if it will retrace a bit i'm going to enter long with stops below the lows and target1 at the retest of the highs. Target2 will be placed around 0,76. Let's see how it plays out! If you have questions or if you want to share your view, feel free to write below. Otherwise, see you in the next chart!
Long
by Roker1