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Audusdforecast

Uptrend for AUDUSD, upto 0.69, Is my analysis wrong? {27/11/202}Educational Analysis says AUDUSD may move UP from this range, according to my technical. Broker - FXCM Why BULL RUN? Because this pair has been juggling around for months in this range, I finally changed the character to show a sign of an uptrend, and I am looking to buy and hold this position on this pair. Let's see what this pair brings to the table for us in the future. Please check the comment section to see how this turned out. DISCLAIMER:- This is not an entry signal. THIS IS ONLY EDUCATIONAL PURPOSE ANALYSIS. I have no concerns with your profit and loss from this analysis. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
Long
by VishalBudhrani
AUD/USD: Seeking dips for move to 66cAUD/USD has risen for a thirds day from its multi-week low, and shows the potential to head for 66c It is the second day in a row the market closed just off its daily high and the daily RSI (2) is not yet overbought. However, the October high makes a likely interim resistance level which could spark a pullback before dip buyers return. Bulls could seek dips down towards the weekly pivot near 0.6500 in anticipation of its next leg higher, with 0.6560, 0.6584 (November VPOC) and the 0.6600 handle coming into focus.
Long
by CityIndex
AUDUSD buying Trading IdeaHello Traders In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET today AUDUSD analysis 👆 🟢This Chart includes_ (AUDUSD market update) 🟢What is The Next Opportunity onAUDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexMasters2000
#AUD/USD 1HAUD/USD 1H – Falling Wedge Pattern The AUD/USD pair on the 1-hour chart is showing a falling wedge pattern, which is a classic bullish reversal setup. This pattern indicates that the price, currently in a downtrend, may soon reverse and move higher. #Pattern Overview: -Falling Wedge: The pattern is defined by two downward-sloping, converging trendlines. The price moves within this narrowing range as selling pressure weakens over time, which often leads to a bullish breakout. #Forecast: -Buy Signal: The anticipated move is a breakout above the upper resistance trendline of the wedge. This breakout is considered a strong buy signal, suggesting the price will move upward as the bearish momentum fades. #Trading Strategy: - *Entry Point: Enter a buy position when the price decisively breaks out of the wedge and closes above the resistance line. - Targets: Initial targets for the move upward could be based on nearby resistance levels or prior price action highs. -Stop Loss: To manage risk, place a stop-loss below the most recent swing low inside the wedge, ensuring protection in case of a false breakout. This setup points to a buying opportunity upon breakout, as the AUD/USD pair is likely to climb after confirming the bullish reversal.
Long
by PIPSFIGHTER
Will the Price Bounce or Break?1H Timeframe Analysis Current Price: 0.67940 Bearish Outlook: 1. 1W Chart: Bearish Engulfing (Reversal) 2. 1D Chart: Shooting Star (Reversal) 3. 4H Chart: Rising Wedge (Reversal) 4. 1H Chart: Pennant (Continuation) The price is currently at the lower trendline of the Rising Wedge. With the Pennant pattern in play, we expect a drop to 0.67755. If strong support is found here, the price may bounce back to the major resistance at 0.68350. Due to this resistance, a reversal could push the price down to 0.67444, with potential bounces at support levels before aiming for ultimate support. Bullish Target: 0.68350 Bearish Targets: 0.67755 0.67444 0.67139 Good luck, traders!
Short
by SpicyPips