Audusdforecast
AudUsd can break support and fall to 0.65At the beginning of the month, I draw attention to a possible H&S pattern for AudUsd and a new drop to the important 0.67 support.
The neckline was broken as expected and my target was reached.
Going further, re reversal took place and the neckline of the pattern was confirmed as resistance.
CPI data from the US reversed the gains for the pair and the daily candle engulfs the previous 2 very bullish days, giving us a very good signal that bears are strong also here (like in other USD pairs)
Yesterday is also a bearish engulfing candle formation and, in my opinion, there is a very high probability of a down break
As long as 0.69 is intact, sell rallies in search of a good R: R should be a good strategy considering 0.65 as the target.
AUD/USD potential buy trade at the demand levelSimilar to the other currencies, the Aussie dollar too got hammered against the US Dollar. However, it seems to have
found some footing in the demand level that I have highlighted in my chart.
As my trading strategy relies heavily on buying at supports, I would be looking to go long in AUD/USD@0.6710-0.6730
with a moderately placed SL below the support level and initial TP at 0.6850
AUDUSD forecast Update 🧐🌸 Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on trading-view, And only a few of these analyzes are my actual trades. I hope Traders consider I am not responsible for your trades and investment decision.
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AUDUSD Bullish AB=CD, will the bears dive into a trap?This pair has been held captive by the bears, plummeting the currency value since early 2021. A bullish ab=cd is in midst of the bears target. Will the bears be triumphed by their rivals the Bulls, or will they take a breather before devouring any Bulls along their way?
AUDUSD buy the breakout!!AUDUSD (4H) has formed a very strong bullish price action after a rejection from the monthly support. The current session we see a bullish engulfer has been created and It is highly likely that AUDUSD will continue to rise as the long-term trend is up and the price is likely to test monthly resistance.
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AUD/USD likely to fall!Hey tradomaniacs,
technically we could get a nice short-opportunity soon if price moves back into the trendchannel.
So far I see more potential to the downside as the current rally of SPX500 is probably short-squeeze due to lots of reasons.
I expect AUD/USD to fall soon.. if we find support also get nice long-setup with a tight stop-loss.
What do you think?
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- According to the analysis we gave the previous day, the AUDUSD UP SIDE WAVE has been UP about 140++ PIPS. We hope you get it anyway. It is still moving UP SIDE as we provided.
- Currently the MARKET SENTIMENT for AUD is on the UP SIDE. But because RISK is ON for AUDUSD, there is currently an UPSIDE BIAS for it. The main reason for that is that STOCKS and COMMODITIES MARKETS are slightly UP due to MARKET RISK being ON. It is heavily influenced by the Australian dollar.
- It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. The reason for that is because there is a good UP SIDE BIAS in the MARKET for USD. Accordingly, AUDUSD can rise up to the level of 0.7042. And after that, AUDUSD can SELL to the 0.6670 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. audusd
AUDUSD Analysis 4HAUDUSD Analysis
AUDUSD is moving in the Descending channel and the market has reached the lower high area of the channel
Since the Queen also ruled over Australia, her death brought uncertainty to this island nation as well. Australians are now debating whether they even need a monarch to rule their nation. They don’t believe that the monarchy plays much of a role in Australia.
Short-term trend change from bearish to bullish in AUDUSDThe AUDUSD chart has resisted the downtrend in the previous 24 hours, and its price is preparing for a short-term uptrend movement.
The possibility of changing the main trend from down-trend to up-trend is determined in the next hours or the next day.
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AUD/USD has formed a bullish daily candle in the demand levelA bullish candlestick has formed in the daily chart at a very important demand level. This could be a very significant development for AUD/USD
traders as price may have started reversing.
Buyers can buy as long as price doesn't break the demand zone that I have highlighted in my chart. If the reversal is confirmed then AUD/USD could reach 0.70 level in the next few weeks. 0.6680-0.6720 remains my favored buy zone.
AUDUSD Long Trade SetupA bullish opportunity recently presented itself on the aussie-dollar trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 0.66800 psychological level. A stop loss below the same psychological level and a profit target anywhere between your entry and the swing high of 0.71403 could give you a reward-to-risk ratio as high as 5 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.
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AUDUSD forecast and idea for tradingPlease write any advice or suggestions.
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AUDUSD
AUDUSD Multi-timeframe analysis,UPDATEDHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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AUDUSD Multi-timeframe analysis UPDATEDHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Press like button if you enjoy this content 😊