audusd - buy biasedIm expecting audusd to continue rallying upwards.
With USD potentially still weakening, this pair should still be going upwards.
Am looking for a retracement towards the trend line for more further upside trading.
Cheers!
Audusdidea
AudUsd- waiting for a catalyst Like its sister Nzd, AudUsd is consolidating in a range for the last 4 days.
Yesterday we have a pin bar which is also contained in the previous red candle indicating a lack of power to stay above 0.72.
I'm bearish this pair as long as the price stays under 0.7220 on a daily close basis and a dive under 0.7140 should accelerate losses towards 0.7 important figure.
AUD/USD Trading in channel.Currently, AUD/USD is trading at 0.7149. The pair is trading in an up trend from some time in a channel pattern, price has just touched the support level and It may rebound back from here. The pair may touch its strong resistance level at 0.7334 if it breaks the resistance level. It may also touch its strong support level at 0.7032 if it breaks the support level.
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
AUDUSD reaches the top of the price channel, time to drop?AUDUSD has reached the top of the ascending price channel. If we see some bearish price action at the top of the channel, it will be a good idea to start looking at some sell trades.
There is a chance that AUDUSD may drop back to the support level at 0.7150.
Traders can look at sell trades between 0.7263-0.7284 with SL above 0.73 and TP at 0.7150
AUD/USD Technical Analysis
As we mentioned earlier, AUD/USD has formed a gramophone pattern.
It has now formed an inverted head and shoulder pattern.
The prices are now trading above a support level of 0.71727.
Hence, we expect the pair to be bullish from here on.
AUDUSD 4-hour chart analysis, uptrend intact but be carefulAUDUSD is still bullish on the 4H Chart. However, the bullish momentum has slowed down considerably. That makes this pair vulnerable to a sharp pullback.
Currently, price is still above the support level and the 100-period EMA. So, the buyers are still running the show here.
However, keep an eye on the level that I have highlighted in my chart. A strong break below this level will be negative for the buyers.
AUDUSD SELL OPPORTUNITY Waiting for AUDUSD to decrease down to the point, shown in the post.
..Take it into consideration anything can be possible to happen, if it breaks up the support level this idea would be failed.
You never quite know where the next big wave or gust of wind is coming from, but you know it is out there.
AUD/USD AnalysisA number of Chinese language firms have been listed within the US over the previous two months, and it seems that Chinese language commerce information is just not disturbed by hostile measures and rhetoric between the 2 largest economies on this planet. And that's in defiance of economists' expectations for decrease Chinese language exports, as they rose 7.2% (yr over yr) after June's 0.5% achieve. Imports decreased 1.4%. Economists had anticipated a slight enhance. The web results put a putting commerce surplus of $62.33 billion ($46.Four billion in June).
Of explicit curiosity, exports to the US rose 12.5% (yr over yr), the strongest enhancement in two years. Imports from the US elevated 3.6% (11.3% in June), dropping 3.5% year-on-year, whereas the Part 1 commerce settlement, in fact, known as for a rise not solely throughout 2019 but in addition throughout 2018 as nicely. China's commerce surplus of $32.46 billion with the US was barely lower than the commerce surplus in March and April mixed ($38 billion). Individually, China's oil imports declined 3.6% in the course of the month, whereas imports of commercial minerals (iron ore + 11% month-over-month) and copper ore (+ 13%), and China's metal exports rose 13%.
It seems that the sharp fluctuations within the international change market final month helped enhance the greenback's worth as international central financial institution reserves. South Korea lately introduced a rise of Four billion {dollars} to 416 billion {dollars}. Japan stated its reserves rose by $19.Three billion, the most important enhancement in six years, to $1.402 trillion. China's reserves rose by $42 billion to $3.154 trillion, the most important enhancement in six years.
Short Trade Ideas
>> Brief entry following bearish value motion on the H1 timeframe instantly upon the following contact of 0.7245 or 0.7300.
>> Place the cease loss 1 pip above the best latest value.
>> Modify the cease loss to interrupt even as soon as the commerce is 20 pips in revenue.
>> Take off 50% of the place as revenue when the commerce is 20 pips in revenue and depart the rest of the place to experience.
AUDUSD 4-Hour Chart AnalysisAUDUSD pulled back on Friday but so far the uptrend is intact on the 4H chart. The area that I have highlighted in my chart could work as a support level to push the price higher towards 0.73.
However, a break and consolidation below this level will indicate that the uptrend may have ended.
Either way, I will be looking at the price action at this critical level before placing any new trades.
AUD/USD Sell Below 0.7060, Next Target 0.6860AUD/USD Sell Stop @ 0.7060
SL: 0.7260
TP1: 0.6860
TP2: 0.6700
AUD/USD Technical AnalysisThe counter has formed a gramophone pattern.
It has hit the upper trendline and is coming down with strong momentum.
We advise traders to go short when the pair breaks the support level of 0.71745 and expect a sell-off to lower trendline.
AUDUSD AT THE VERGE.**ENG**
- Price reaching our current Higher High, we can see that the price is overextended and overbought.
- The best to do now is to wait for a lower timeframe confirmation of a reversal and enter then.
- If price breaks this level, ket the price consolidate first before entering long.
**PT**
- Preço a alcançar o nosso higher high atual, podemos também ver que o par está overextended e overbought.
- O melhor para fazer de momento seria baixar o timeframe e aguardar por uma confirmação de short.
- Caso o preço quebre, aguardar por uma consolidação antes de entrar long.
A pullback is likely in AUDUSDIn my previous #AUDUSD idea, I told you to buy at 0.7100 level and target the 0.7220 level( idea links attached below). That trade played out perfectly and my TP reached yesterday.
AUD/USD has currently pulled back from the resistance level around 0.7230. If price stays below the resistance level, it is possible to see a small correction towards the 0.7130 level.
I have already sold at 0.7230 and currently holding that trade.
AUDUSD 4-hour chart analysis, uptrend continuation is likelyAUDUSD market structure is bullish. Price is also above the 100-period EMA on the 4H Chart. Price bounced up from the previous low. It is likely that the uptrend may continue to 0.7220.
I have already bought at 0.7100 and would be looking to add more buys if the price dips towards the buy area again. My TP is 0.7220 and SL is at 0.7047. Expecting a continuation of the uptrend beyond 0.7200 levels.
AUD/USD Gains Being ThreatenedCorrecting final Friday's buying and selling session, the pair didn't exit the vary of its bullish channel, and this may increasingly solely occur if the AUD/USD pair strikes steadily under the 0.7000 help. Foreign exchange merchants, particularly those on this pair, are monitoring the extent of tensions between America and China as a result of the latter is Australia's largest buying and selling accomplice.
Bulls targets, particularly the transfer in direction of the 0.7200 resistance, which was best to activate the profit-taking gross sales, because the technical indicators reached sturdy overbought areas and the bears have been ready for the second to activate the promoting operations. The Coronavirus, together with US-China relations and commodity costs, will stay a very powerful influence on the long-run efficiency of the pair.
I nonetheless maintain on to my technical view of promoting the Australian greenback from each larger degree above the 0.7200 Zero resistance.
Relating to the AUD, the MI Inflation Outlook and ANZ Australian jobs knowledge will likely be launched. As for the US greenback, the ISM Manufacturing PMI and development spending knowledge will likely be introduced.
Long Trade Idea
Lengthy entry following bullish worth motion on the H1 time-frame instantly upon the subsequent contact of 0.7090 or 0.7020.
Place the cease loss 1 pip under the bottom current worth.
Alter the cease loss to interrupt even as soon as the commerce is 20 pips in revenue.
Take off 50% of the place as revenue when the commerce is 20 pips in revenue and depart the rest of the place to experience.
Short Trade Idea
Quick entry following bearish value motion on the H1 time-frame instantly upon the subsequent contact of 0.285 or 0.7200.
Place the cease loss 1 pip above the very best latest value.
Alter the cease loss to interrupt even as soon as the commerce is 20 pips in revenue.
Take off 50% of the place as revenue when the commerce is 20 pips in revenue and depart the rest of the place to trip.
AUDUSD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
Possible pullback to 0.7040 if the resistance holdsRecently closed 4H candle in AUDUSD looks like bears have managed to drag the pair lower from the resistance area. A pullback to 0.7040 is possible if the resistance area that I have highlighted in my chart holds.
So, there's a good chance to sell and make 100 pips. I have already sold when price moved to the resistance area and currently holding my sell for 0.7040 TP
