AUDUSD - AMD Pattern Confirmation ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we can see a clear confirmation of AMD pattern, price was accumulated for last 2 months and then manipulated buy side liquidity and then started the distribution. I see price to continue bearish price action to fill the imbalance lower.
Fundamental analysis: Tomorrow we have news on AUD, will be released Unemployment Rate, negative results could support our analysis for bearish move.
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Audusdforecast
Range bound trading for AUDUSDAUD/USD is confined within a fixed range as I have illustrated in the chart.
Although, AUDUSD made a recovery yesterday due to US Dollar weakness across
the board, I expect AUD/USD to reach the support level at 0.6586 in a day or two.
Traders are advised to keep the above points in mind before trading AUDUSD
AUDUSD 250pips HIGH PROBABILITY SETUP!!!AUDUSD just had a CLEAN BREAK to the downside, now we for a PULLBACK for a solid SHORT setup.
Price is currently below, 200ema & 800ema, baseline, cloud, with a super strong BEARISH confirmation on D1.
#1 ENTRY (Risk Entry, Good Reward) -: New SHORT TREND has been set, now we need to get entry at a point with the least amount of risk and area that is most likely to trigger a massive SELL OFF
that would be around the 800ema on H4. Wait for price to pullback and get a SHORT.
INVALIDATION
Price fixing ABOVE 800ema on H4 will be seen as a RECOVERY, when this happens, exit all SHORT positions.
TARGETS
We are looking at FIRST TP to be at the next AUTOMATED KEY ZONE (Blue zone - 0.65000)
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
AUDUSD 12May2023As long as the price does not exceed the invalid line, this pair tends to continue its bearish period. the price has also crossed the red line as an early sign of continuing the bearish trend. if you want to take the opportunity to sell, wait for a rebound to occur, if you are lucky we will get a very good RR
AUD/USD struggles to break above key technical levelThe current market conditions for the #AUDUSD pair are mixed, with a number of fundamental factors impacting its performance.
While the RBA's surprise interest rate hike provides some support for the Australian dollar, the mixed Chinese trade data, risk-off sentiment, follow-through USD buying, and less hawkish outlook from the Fed are exerting downward pressure on the pair.
Market participants will be closely watching for the release of the latest US consumer inflation figures and other upcoming events to gauge the pair's future direction.
TRADE IDEA DETAILS
CURRENCY PAIR: #AUDUSD
CURRENT TREND: Bearish
TRADE SIGNAL: ↘️Sell
👉ENTRY PRICE: 0.6770
✅TAKE PROFIT: 0.6700
❌STOP LOSS: 0.6810
#AUDUSD #forextrading #marketanalysis #Fed #RBAratehike
AUDUSD 4hrsAUDUSD has been ranging for a long time within this support and resistance. I price rejection at this level and i will look for a sell entry, meanwhile there is possibility for price to break the resistance and continue the reversal to the uptrend.
I will wait for retest and of the key zone and i will look for buy entry.
20 Reasons for Buy AUDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: Multi-year bearish trend in effect.
2:📆Monthly: Market made an insider high and low, but was rejected from the monthly order block.
3:📅Weekly: Market structure is bearish, but it filled out the last swing 50% area and respected a strong reversal upside signal with a double bottom formation.
4:🕛Daily: Daily structure is bullish and the market completed its inducement, indicating an overall bullish trend. Market may go above 0.7100 levels after a long consolidation.
😇7 Dimension analysis
🟢 Analysis time frame: H4
5: 1 Price Structure: Sideways
6: 2 Pattern Candle Chart: Double Top
7: 3 Volume: High volume during this period suggests buyers are active somewhere.
8: 4 Momentum UNCONVENTIONAL RSI: Above 60, indicating a super bullish zone.
9: 5 Volatility measure Bollinger Bands: High bullish volatility.
10: 6 Strength ADX: Bulls are in power.
11: 7 Sentiment ROC: AUD is the strongest this week.
✔️ Entry Time Frame: 15 Min
12: Entry TF Structure: Bullish
13: Entry Move: Impulsive
14: Support Resistance Base: Last FVG should be a support.
15: Wait for a trigger event.
☑️ Final Comments: Buy at support or breakout.
16: 💡Decision: Buy
17: 🚀Entry: 0.6725
18: ✋Stop Loss: 0.6687
19: 🎯Take Profit: 0.6900
20: 😊Risk to Reward Ratio: 1:5
🕛 Expected Duration: 3 Days
Trading Opportunities in AUD/USD This WeekOn Monday, the US dollar increased to nearly a two-week high against a range of currencies as the Federal Reserve is expected to raise interest rates by 25 basis points later this week. The dollar also gained on Friday due to elevated core inflation in March.
This week, investors will be focused on whether the Federal Reserve plans to halt interest rate increases after May or if another increase is possible later this year. Job data is also in play, with the JOLTS Job report expected to show a 200,000 drop in open jobs to 9.7 million, and the Non-Farm Payrolls report on Friday likely to show that 180,000 jobs were added in April.
Traders might consider the AUD/USD trade this week as the Reserve Bank of Australia is anticipated to announce its latest interest rate decision today. While falling inflation figures in the March quarter might provide room for the RBA to pause on further rate hikes, the RBA remains cautious of high inflation and concerns about wage and population growth.
Most economists and financial markets are predicting that the official cash rate will remain at 3.6%, but the decision could be a close call. The Commonwealth Bank forecasts a 25-basis-point increase, while NAB, Westpac, and ANZ all predict a hold. The Commonwealth Bank’s forecast coming true is what traders might like to look for in regard to trading opportunities.
Minutes from the RBA's April board meeting indicate that the influx of 700,000 new arrivals could put considerable pressure on Australia's existing capital stock, particularly housing, resulting in higher consumer prices. While higher immigration could ease wage pressures in industries experiencing significant labour shortages.
AUD/USD - Bullish Divergence - Bullish Trend ReversalOverview
FX:AUDUSD was in a bearish trend, however, bullish divergence was formed on RSI and price is currently forming a higher high for the first time!
Analysis & Plan
This trade is risky because price is just forming the first higher high at our entry point. However, we are expecting price to replicate the same bullish reversal after forming bullish divergence (marked on chart) earlier. Currently price is bouncing from a previous support zone as well. Longing break of lower high and expecting price to start a bullish trend!
AUDUSD Trading Plan - 30/Apr/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 Technical Analysis and Trade IdeaThis video offers a comprehensive analysis of the AUDUSD, concentrating on its recent trading patterns. It's worth noting that a significant resistance level had been reached with a bearish break of structure evident on the chart. Bigger players may look to attack buy-side liquidity resting above in the form of stop losses. The video delves into various topics such as trend analysis, price action, market structure, and price gaps. Furthermore, it briefly mentions a potential trade opportunity.
AudUsd could drop hardAfter the important break of 0.6750 support back in March, AudUsd has tried and failed 3 times to reconquer that level.
The pressure is clear to the downside and 0.66 support could fall soon.
As long as resistance is intact bears are in total control and selling rallies could be a good strategy.
A break of 0.66 would expose the next important level of support at 0.64, but in the longer term the pair could fall further and test 0.62 low.