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Audusdforecast

AUDUSD First Target Hit +500 Pips...Update on the BUY position on this pair on Friday we hit the first easy target for the position which was the previous weekly swing low in the current downtrend. You can read the related post to find out the reasons for this entry as it's went exactly as expected reacting well @ the weekly DEMAND/BUY level at 0.62 which is were we entered with 500 pips profit banked the position is closed Final target looks to be the weekly SUPPLY/SELL area aroun 0.68 we could well get a quick rally up here early this week and then a SELL off you should be looking for selling opportunities as price approaches 0.68 above would be a bad idea to buy into this area. If looking to buy would wait for a pullback to 0.65 and under :) You can learn alot my reading through my related posts you will learn how to find huge opportunites that produce trades that bank hundreds of pips at a time.
Long
by TheFxAce
1
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD - Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Due to RISK ON for AUDUSD, there is currently an UPSIDE BIAS for it. The main reason for that is that the US ELECTION was won by the REPUBLICANS and the US CPI DATA is NEGATIVE. Therefore, STOCKS and COMMODITIES MARKETS are going up a bit now. It is heavily influenced by the Australian dollar. And the AUSTRALIA INFLATION DATA was very POSITIVE that day. 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 0.6850 level. And before that, AUDUSD can SELL to the 0.6447 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
by benny_marshall
1
AUDUSD - Possible further drop Greeting fellow traders, Roughly about 3-4 weeks ago, price has violated the weekly demand zone by closing below 0.625 weekly support line. In addition to the newly created weekly supply zone (0.655 - 0.636). This suggests that sellers are in control. In terms of long term, there's a possible chance that AUDUSD might drop further ( to weekly support - 0.598). Whereas, in terms of short term - AUDUSD possible (bullish) retrace before dropping even further. Based on the illustration above, price has respected the weekly/ daily supply zone as well as broke and close below the upward trend line. This suggests that sellers are currently in control and there's a possible chance that price might drop even further towards to 0.6200. P/s: These are just my opinions and thoughts. Do not take this as a trading or financial advise. Do your own research. Thank you for reading. Blessed Trading everyone. Renee
Short
by WhozRenee
1
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD - Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Due to RISK ON for AUDUSD, there is currently an UPSIDE BIAS for it. The main reason for that is because MARKET RISK is ON, STOCKS and COMMODITIES MARKETS are now slightly UP. It is heavily influenced by the Australian dollar. And today 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 0.6600 LEVEL. And after that, AUDUSD can SELL to the 0.6000 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
by benny_marshall
AUDUSD | New perspectiveThe U.S. dollar appears to be handing back some of its gains as buying traction was predominant during the course of last week's trading session. It is also worth noting here that the Dollar Index, which tracks the Greenback against a basket of major currencies fell by 0.1% to suggest the possibility of a retracement in the nearest future. Will the breakout of the $0.66300 turn out to be bullish for the new week? Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry