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Audusdforecast

A Short Trader May get happy today, on this AUD pair! {07/08/23}Educational Analysis says AUDUSD may go Short according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why long? Because AUDUSD respects an uptrend line facing down line on a 4-hour time frame. The market is bearish but a strong AUD may change its direction and start a new trend soon. The black line is the Order block The RED line is high and low at the current price. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy trading, FX Dollars.
by VishalBudhrani
BluetonaFX - AUDUSD Potential Support Break OpportunityHi Traders! We have a potential support break opportunity here on the AUDUSD 1D chart. The market looks to be heading towards the previous range zone support of 0.65953. The market has been trading with lower highs and lower lows and is currently in a descending price channel. There has also been a break below our 20-day EMA. The important level here is 0.65953. A break and close below this level will be confirmation for an entry to short for a possible continuation towards 0.64583. This is 2023's low for AUDUSD, so if the market approaches that level, we expect some support there. If we do not get a break and a close below 0.65953, then we will look for buying opportunities to target upside levels near the resistance area at 0.68999. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
AUDUSD - Buy - LONG!In the case of AUDUSD, the Stochastic Oscillator is giving an oversold signal for the AUD/USD currency pair. The %K and %D values you've provided (8.83% and 5.15% respectively) are both well below 20, which further emphasizes the oversold condition. Additionally, the BEARISH TREND weakens in the short term which supports a short-term uptrend. However, it is important to remember that this is a lagging indicator and might not predict future price movements perfectly. Also, an oversold market can remain oversold for a long time, just as an overbought market can stay overbought for a long time. while the Stochastic Oscillator might suggest a potential upward price movement in AUD/USD due to the oversold condition, it's recommended to use this in combination with other technical analysis tools, market fundamentals, and risk management strategies to validate the signal and make more informed trading decisions. It's always important to consider the broader market conditions, including geopolitical events, economic data releases and other factors that might influence the forex market. Moreover, please note that any form of trading involves a substantial risk of loss and is not suitable for everyone. Always consult with a financial advisor before making investment decisions. THIS IS NOT FINANCIAL ADVICE!!
Long
by sultancoker
AUDUSD - SELL - Inflation and Interest rate forecastThere seems to be a movement in the opposite direction from the original bearish movement. My prediction is the Buyers are making a prediction forecast in the event of lower inflation for AUSSIE and a no-interest rate hike for USD. However, according to my pattern analysis, the price has not completed its full reversal on price yet. Therefore, there is still a potential for a downside bearish movement. Please note that the information presented on TradingView is sourced from a third-party provider. It is important to remember that you are solely responsible for making trading decisions for your account. Trading involves a very high level of risk. Any information or content provided is strictly for research, educational, and informational purposes and should not be considered as investment advice, consultation advice, or an investment strategy. The information provided is not customized to meet the investment requirements of any specific individual, and it does not take into account the investment objectives, financial situation, or needs of any recipient who may access it. This is not financial advice and we are not responsible for your losses that may occur following our analysis!!! If you find this analysis of AUD/USD helpful, please give me a boost, or like to show your support. My first public Idea post
Short
by sultancoker
AUDUSD - SHORT SETUP - SELL The Stochastic Oscillator %K value is 84.92% and the %D value is 91.64%. Both values are above 80, indicating an overbought condition. This suggests that the price has reached a relatively high level and a pullback or reversal may be likely. The price is likely to retrace back to around .66300. From the Daily time frame, it is evident that the price is nearing a significant supply area. This suggests the possibility of a downward correction. We should observe whether the market will present us with a suitable trading setup. Please note that the information presented on TradingView is sourced from a third-party provider. It is important to remember that you are solely responsible for making trading decisions for your account. Trading involves a very high level of risk. Any information or content provided is strictly for research, educational, and informational purposes and should not be considered as investment advice, consultation advice, or an investment strategy. The information provided is not customized to meet the investment requirements of any specific individual, and it does not take into account the investment objectives, financial situation, or needs of any recipient who may access it. This is not financial advice and we are not responsible for your losses that may occur following our analysis!!! If you find this analysis of AUD/USD helpful, please give me a boost, or like to show your support. My first public Idea post
Short
by sultancoker
4
DECKING THE CHART: AUDUSD shows sign of bullishnessHello Traders, Trust you are doing great. Allow me to show you my decked chart of AUDUSD. From a technical standpoint, if the resistance is broken to the upside, we can expect the price to rise initially to 0.68034, indicating a gradual buildup of buying momentum. Should this momentum continue, the price may rally to 0.68374 and then to 0.68944. Looking at the Elliott Wave perspective, it seems that we are in wave 4, anticipating a 5-impulse wave of a lower degree to the upside in wave 5. This assumption gains further credibility if the price surpasses the 0.6786 region. However, it's important to note that this EW perspective will no longer hold if the price violates the 0.6700 zone. On the whole, I expect bullish move on the AUDUSD pair.
Long
by Samuel124
AUD Bucks Trend after Fed Hikes Rates to 22-Year High The Federal Reserve has decided to increase interest rates by 25 basis points, reaching a range of 5.25% to 5.50%, marking the highest level seen in 22 years. Market participants widely anticipated this move as the Fed resumed its tightening campaign. In their statement, the Fed expressed a positive outlook on economic growth, acknowledging that economic activity has been expanding at a moderate pace, which is a subtle improvement from the previous characterization of "modest" growth. The focus on consumer prices remained, with the Fed emphasizing that inflation continues to be elevated, and policymakers will closely monitor the risks it poses, mirroring their assessment from the previous month. Following the announcement of the Fed's decision, the U.S. dollar retreated across the board. This movement in the dollar contributed to a boost in gold prices and an immediate focus is now on the $1,973 minor resistance and $1,978 further above. An exception to the general trend is the Australian dollar, which bucked the trend after data revealed that domestic inflation slowed more than expected in the second quarter. This decrease in inflation reduced pressure on the Reserve Bank of Australia to implement further policy tightening measures. The data showed that Australia's consumer price index rose by 6%, a deceleration from the 7% recorded in the first quarter and below the market's expectations of 6.2%. Consequently, the Australian dollar weakened to approximately $0.676.
by BlackBull_Markets