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Audusdforecast

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. Rooting for you! Your FX Plug FX:AUDUSD
Long
by charles-okoukoni
AUDUSD forecast and signal The price chart of the Australian dollar vs the US dollar continues its downtrend and moves to reach the weekly and daily resistance zone. Below the minimum price of the latest two-hour candles is the right price to enter a sell trade. Good luck.. --------------------------------------------------------- Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short
by Arash-RK
Will the AUD turn on Tuesday’s rate hike? The Reserve Bank of Australia (RBA) will release its interest rate decision on Tuesday September 6. Forecasts are for another half-percent increase in the cash rate. If forecasts hold up, Tuesday’s rate hike will be the fourth consecutive 50-basis-points increase from the RBA, lifting the cash rate to 2.35% from the current 1.85%. Still, even with another rate hike under RBA’s belt, not many investors are pegging the AUD to start outperforming the USD to any great degree or for any sustained period. To analyse the current trend for the AUD/USD, we can use the Trend Meter Indicator. This indicator can help confirm whether the direction of a pair might turn. The Trend Meter Indicator aggregates the data from several other indicators to measure the current strength of the movement, such as the MACD, RSI signal line cross, and MA cross. If the Trend Meter Indicator shows green dots consecutively, the trend is seemingly bullish and will likely continue so long as it stays on the green side. However, if a red dot appears after a long streak of green dots, the trend might be thought to reverse. With the use of the trend meter indicator, we can see that the indicator has already given a bearish signal at the end of August on the daily timeframe by providing a red dot indication. Since then, there has been no sign of green dots, which means that the trend on the downside is still intact, even with support being created at 0.67800. Traders who want to trade the pullback to the upside might want to wait for the green dot signal using this indicator. Otherwise, it may be wiser to looking for a bullish Australian dollar with other AUD pairs.
by BlackBull_Markets
1
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD - According to the analysis we gave the previous day, the AUDUSD DOWN SIDE WAVE has been down about 125++ PIPS. We hope you get it anyway. It still went DOWN SIDE as we gave it yesterday. - Currently the MARKET SENTIMENT for AUD is on the DOWN SIDE. But because the RISK is off for AUDUSD, there is currently a DOWNSIDE BIAS for it. The main reason for that is that the STOCKS and COMMODITIES MARKETS are now slightly DOWN due to MARKET RISK DOWN. It is heavily influenced by the Australian dollar. - Definitely AUDUSD can go up to the high RESISTANCE LEVEL. The reason for that is because there is a good DOWN SIDE BIAS in the MARKET for USD. Accordingly, AUDUSD can go up to the 0.6850 level. And after that, AUDUSD can SELL to the 0.6670 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. Anyway, after that, AUDUSD can be BUY at 0.6997 LEVEL. So keep an eye on it.
by benny_marshall