Audusdidea
AUDUSD top-down analysisHello 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.
AUDUSD slips below 200-DMAAUD/USD close below 200-DMA will see dip till next major support at 110-EMA at 0.7242. Bounce off 200-DMA will see upside resumption.
Technical bias for the pair remains bullish. Major moving averages are trending higher.
That said, RSI and Stochs are showing a bearish rollover from overbought levels, raising scope for some weakness.
DISCLAIMER: ((trade based on your own decision ))
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Short Setup After Bearish Closure On Daily Time Frame To ConfirmThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Neutral AUDUSDThis pair could either go long or short depending on several confirmations.
What I see:
- Price has rejected from the descending trendline 3 times.
- Each trendline rejection was confirmed by either a strong support or resistance zone.
- The latest formation on the daily chart is a double bottom.
- Price is currently around the resistance zone, descending trendline and neck of the double bottom.
- Stochastic is gradually becoming overbought.
Price could either complete the double bottom formation and long towards 0.75555, or price could reject from the trendline and short towards 0.69930. I'll be waiting for a candle bar confirmation.
AUDUSD top-down analysisHello 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.
AUD/USD Full Analysis And My Opinion For Next Weeks Here This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUDUSD Bearish!AUDUSD is still in a bearish cycle, but I think we are about to reach critical areas. On the larger time frames there is further room for even more downside to about 0.67 which I have been expecting since late last year (2021), but currently we expect the move lower to at least break the January 28 (2022) low. The 0.67 is between the 50% and 61.8% retracements of the impulsive move higher from the March 2020 low, of which from then we can expect the AUDUSD pair to resume the bullish cycle even going to just above 1.000.
AUD/USD Made Inverted Head And Shoulders , But Still Not Ready ?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions