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Audusdidea

AUDUSD SWING TRADE 11-OCTOBER-2020Good day friends. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday AUDUSD-Technical analysis ⚡️The price is well above the .50 Fibonacci retracement level ⚡️Previous double top formation will act as support for the BULL ⚡️.072762 will act as middle line resistance ⚡️Swing target would be around 0.73463 ⚡️Price reach upper side of the Bollinger bands ⚡️200 Exponential moving average is acting as decent support for the BULL ⚡️Ichimoku cloud is still shows bullish trend and the Price is above the cloud ⚡️RSI has reached the over bought area around 30 we can expect short term downward correction ⚡️Upper side trend line as acting as major barrier for the bull SWING TRADE -AUDUSD BUY @ 0.72200 Take profit @ 0.73400 Stop lose @ 0.71360 120 Pips target Don't risk more than 1% of your capital
Long
by forexorbit
1
AUDUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Price faced rejection at monthly resistance and has dropped for correction which we expect to be near 0.382 Fib level on last bullish impulse. We saw W formation and expected price to drop till the neck which price did and completed the formation. 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 the neck and complete formation. Price has in fact moved beyond the neck. D > Price has broken resistance created by the neck and is now approaching weekly supply zone/ resistance level, this level can test and pause the price but we do not see loss of momentum on daily candle as of now. As per COT AUD saw addition of major Long and Short positions, increasing net positions. AXY gained strength during the said week, it improved its position last week. 4H> Price created double top at neck of W formation, dropped and then broke through the level. For Long Term we continue to have bearish trend hence we will monitor price action near supply zone for reversal. Recommendation > Bearish target is for swing and position traders only. For all intraday traders focus only towards Target 1. As per Daily chart we see bullish trend, however as per Weekly chart price is making LH and LL, our bearish target will get invalidated if price breaks weekly LH at supply zone. Pair Correlation > AUDUSD has positive correlation with AUDJPY, NZDUSD, AUDCAD, AUDCHF, NZDJPY and EURUSD and negative correlation with USDCAD, EURAUD and GBPAUD. 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 you can share your view and ask questions. Thank You AP17FX
Short
by AP17FX
AUDUSD - Outlook 3 October 2020 - Are the bears ready?Hi all traders, This is a video analysis on AUDUSD. Are the bears ready to takeover, click into the video analysis and you see those levels as explained in the video. Take note of those levels as it would be important for you to have a look and trade safely for this pair. Cheers and thank you! ***Follow me on tradingview**** ****Like and share with all your friends for this video analysis**** Have a nice day all traders!
by FxTradingWarrior
3
AUDUSD what will be the next stop - Detailed analysisAUDUSD If we observed closely the Volume profile if the price broke below of upper side of POINT OF CONTROL its tend to move on the upper hand side either bullish/bearish. After reaching the 0.74000 key psychological level its got some major rejection and felled below August low and reached 0.70000 key psychological level The negative risk sentiment has influence this pair negatively and seen a deeper correction. And felled below 50% Fibonacci retracement level broadly. The Economic condition in Australia is deteriorating as the manufacturing sector facing a pandemic shock. And the Diplomatic relationship with People republic of China is strained in recent days as the Former country is imposing wide range of ban to the imports such us beef,wines,oats etc. And Central government of Australia is asking a probe against china for the epidemic of corona virus. And the Australian government is preparing to unveil locality based lockdown measures to curtail the spread of infections and in State of Victoria the lock down is already imposed AUD is the Proxy currency tend to react to the market positive/negative sentiment rather than local factors. Positive vaccine news and the economy rebound around the world will boost up the AUD pair along with the NZD On technical front 200 SMA is acting as barrier for the bull in 4hr timeframe coordinates with 50% Fibonacci retracement level. Above that 38.2% Fibonacci (0.72585)will act as support level for the Bear and its coordinates with the upside trend line. And above which August high level act as another support level for the bear We can expect sellers will push the price towards south from this level and the downside target would be 0.71350 and swing target would be 0.70000. And even may reach the lower trend line area If the Price broke the 0.73450 then the bearish trend will get invalidated. and the bullish target would be 0.74110 which is a September month high Hourly In one hour timeframe the price moved above the 200EMA and RSI has reached overbought territory we may expect short term downward moment towards 200 EMA currently lying at 0.71400. At the time of writing a doji candle has formed which indicates the continuation of the bullish run Daily In daily timeframe the Strong bullish engulfing candle was formed on September 28 and AUDUSD went bullish for the four straight day. Ichimoku cloud is slightly turn red and pointing towards south. RSI managed to push above the 50 level Weekly In weekly timeframe the bullish candle is still hiding under the strong bearish candle and 200 EMA capped the upside rally today Please give us a like if you found useful. And follow our profile
Short
by forexorbit
AUD/USD Technical analysis.Currently, AUD/USD is trading at 0.7058. The pair is trading in a down trend from some time and now moving towards the resistance level. It can rebound after touching resistance level and touch support level at 0.6992. Its entry price for short is at 0.7038 and target price is at 0.6992. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
4
AudUsd- Is Aussie finally done?From the beginning of June, AudUsd is trading in an ascending channel which is contracting and contracting and looks more like a rising wedge. We also have a false break above the channel's resistance which, in my opinion, marks the top for the pair. Is clear for me that Aussie lacks power at this point and a much-nedded correction is just around the corner. At the time of writing AusUsd is trading at 0.7266 and a daily close under 0.7250 would reinforce my opinion and should trigger sales for the pair. My soft target for this pair is 0.7 but Aud can fall even to 0.68 which is the target for the rising wedge pattern
Short
by Mihai_Iacob
2
AUD/USD moving in upward channel.Currently, AUD/USD is trading at 0.7303. The pair is trading in upward resistance and support channel and about to break its entry level. The price is moving towards its support level at 0.7200 and it can rebound back after touching support level. So, it it breaks the entry level at 0.7300, it may continue its down trend and can touch its target price ( support level ) at 0.7200. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5