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Audusdforecast

Has (AUD/USD) started a 5-wave movement?I think that this currency pair has started a big movement that will be in the form of 5 waves. In my opinion, wave 1 is being completed and will soon enter the corrective phase. The corrective wave that will start soon is wave 2, so consider that the best price to buy is wave 2. Wave 2 itself will be in the form of (ABC), so note that if you use Fibonacci, pay attention to the numbers 50 and 61.8 and set your loss limit at 83.6 Be successful and profitable.
Short
by AllMarketAnalysis_Am
AudUsd Retracement Buy- Daily >> Price broke area of resistance at 0.68554 and pushing up to the 55 MA at a resistance level 0.69685 - 4 hour >> Price made a double bottom (bullish signal). Price broke resistance level at 0.68554 to make a new higher high and currently hitting the 200MA - 1 hour >> Price broke through 1st resis lvl at 0.68025 made a higher high and retested same resis level now turned support and pushed up higher - 1 hour >> Price is currently consolidating wityh an over bought stochastic. - Overall >> Price is in a bearish zone on the Daily and weekly Charts. However, there is some bullish momentum on the 4 hour and 1 hour charts which is helping the retracement on the higher time frames. Trends have reversed on lower time frames up to the hourly chart. It is expected that the price will bounce off the 200MA on the 4 hour and go down a bit to either the 0.68554 level or lower to the 0.68025 before going back up. Conservatively we can wait for the price to go down and wait for buy signals before entering as the price is still in a daily bearish zone or aggressively, we can place buy limits at both areas with 30 pip SLs Target is the daily 55MA or resis level of 0.69511 ======================================================================================================================== Disclaimer: The Trade setups are based on my analyses and ideas and they are not signals or trading advice. Do your own analysis before you enter any trade based on my shared analyses. Trades are entered once criteria is met....Remember trading is risky and we can't force the market in any direction..#ExercisePatience ========================================================================================================================
by Loviss
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD - Currently AUDUSD is going UP very fast. The reason for that is the RBA RATE HIKE FORECAST and the weakness of the dollar yesterday. A MARKET FEAR about the economic recession is currently underway. - Thus, COMMODITIES are going up now. It also affects the AUD very strongly. - AUDUSD can move further until it reaches the 0.6763 level. And after that, if the MARKETS RISK is ON, the TREND LINE in AUDUSD has definitely been BREAKED by now. It can be BUY up to 0.7233 LEVEL if the RISK ON condition continues with USD WEAKNESS.
by benny_marshall