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Audusdidea

AudUsd SHORT more LikelyWhat we see is clear, Price making new LH and LL, we wait to break first support then we enter consolidation area which will make price to bounce in this area for a while more importantly we wait to confirm our position with bearish Patterns in lower TFs in each Scenario. Scenario 1 📉🟥 Scenario 2 📉🟥 Scenario 3 📈🟦 ‼️(Red Circles are the please to enter to each Scenario)‼️ Lets see which way price going to choose then we jump in to each scenario 👁👁 any question you can send message @FxShzd by Tlgrm or Instgrm GOOD LUCK Everyone
by FxShzd
AUDUSD - SHORTAUDUSD - we saw a test of the lows around 0.70 then bounced back up to 0.7133 . We are fast approaching the 0.7140 downward trend line and sell zone. We could head past the trend line in the short term with all the current swings we are experiencing and I will therefore sell another clip around 0.7175 if we get there. However, if we do manage to stay below the 0.7140 trend line and 0.7152 fibbo resistance, the pair could see further momentum to the downside. Fundamentally, this asset responds negatively to volatility and a risk off mood that we could experience towards the US election. The markets are pricing in a blue wave and USD extremely weak at the moment, I do believe this could change and we could see some risk off mood over the election causing downward pressure on this pair! Entry: 0.7133 TP: 0.6980.
Short
by WhosPipsAreTheseAnyway
AUDUSD Top-Down Analysis (Long then Short)Hello Traders, Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 45 - Nov 02 M > Price faced rejection at monthly resistance and dropped for correction, we expect correction to be near 0.382 Fib level on last bullish impulse. We saw a W formation and expected price to drop till the neck which price did to complete the formation. W > Price dropped till 0.618 Fib level on weekly bullish impulse for correction. We saw M formation and price moved up to test its neck and complete the formation. Price in fact moved beyond the neck. D > Price has dropped to test weekly support thrice now, however we can see loss of momentum odd Doji candle in between. Price is now testing support at demand zone. As per COT AUD saw closure of both Long and Short, improving net positions. AXY gained some lost position during the said week but dropped to test support level again last week. Any break further to the downside will be interesting opportunity to watch out for. 4H> We can see an M formation and also bullish divergence. We can expect price to rise up to gather liquidity before making an attempt a break to the downside. Pair Correlation > AUDUSD has positive correlation with AUDJPY, NZDJPY, Gold, Silver and AUDCHF and negative correlation with EURAUD. Thank You AP17FX
Long
by AP17FX
AUDUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 26 Oct M > Price faced rejection at monthly resistance and dropped for correction, we expect correction to be near 0.382 Fib level on last bullish impulse. We saw a W formation and expected price to drop till the neck which price did to complete the formation, also hitting Target 1 as per our last analysis. Neck of W is on way to 0.382 level. W > Price dropped till 0.618 Fib level on weekly bullish impulse for correction. We saw M formation and price moved up to test its neck and complete the formation. Price in fact moved beyond the neck. D > Price dropped last week to test neck of W formation again and faced rejection. It created double bottom before moving upwards. On its way down price created an M formation and has completed it with last rejection to the upside. Price is currently on its way up to test daily supply zone, rejection at this level to the downside will create a H & S formation. As per COT AUD saw closure of more Short than Long positions, improving net positions. AXY weakened during the said week but gained some lost position last week. 4H> After rejection price is moving up creating HH and HL. Price is approaching daily supply zone and we expect price to move up before reversing for downward move. Pair Correlation > AUDUSD has positive correlation with AUDJPY, NZDJPY, AUDCAD, AUDCHF and Silver and negative correlation with EURAUD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
2
AUDUSD-Daily (Bear is ruling the AUDUSD) Next levels to watchAUDUSD After reaching the year high around 0.74000 from yearly low around 0.56000 which is a 1800 pips rally. At 0.74000 it got some rejection and felled towards 0.70000 level which is a .786 Fibonacci retracement level and September 2020 low. From this point AUDUSD bounced back towards 0.72000 as a short term bullish correction. Currently the AUDUSD was driven by the risk sentiment and political developments around the world. In daily chart yesterday its leaves a gravestone doji which is a clear sign of continuation of the bearish trend and today Reserve bank of Australia governor Mr. Lowe hinted that RBA is ready to act to easy further and cut the rates even below zero to maintain the economy afloat. The unemployment rate was slowly increasing and the local economic development is facing some hurdles to recover from the pandemic shock. The recent political development with People republic of china will also weigh this Proxy pair Australia is heavily rely on the China for Both the imports and exports In recent days The Australian government is facing series of import bans. As the vaccine development facing some minor issues such as serious side effects on the candidates who are tested with pre approved vaccines has poured some cold water on the virus infection curtailment Around the world many countries are implementing the second, third tier lock down measures to contain the virus infection. These fundamental factors will drive the AUDUSD. And the Economic stimulus talks in the USA will also weigh on AUDUSD as the hope for stimulus talks worth around 1.8 Trillion was slowly waning which is will boost the strength of USD in turn AUDUSD will fall further .786 Fibonacci will act as next resistance for the Bearish trend. If this level was broken then the downside swing target would be 0.67000 which is comes around .618 Fibonacci retracement level and March 2020 High On Elliot wave theory the second wave was completed and the third wave was underway. I am expecting the 3rd will end at .618 Fibonacci level The price is well below the Point of control on visible volume profile range. Today daily candle close will decide the next upcoming movement of AUDUSD if the price closed below or at current level then it will leave a strong bearish engulfing candle Currently 100 Exponential moving average is holding this pair against further drop and the current price is well below the 20,50 Exponential moving averages. If the 100 EMA was broken then 200 EMA will act as major resistance for the bear. Relative strength index is well below the 50 And pointing towards south. MACD is about to turn red and going to cross the middle line 💌 Leave your valuable comments and suggestions related to this idea in the comment section. Thanks for your time. Good day guys 💝
by forexorbit