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Audusdidea

AUDUSD Technical Analysis and Trade IdeaIn this video, we present a comprehensive analysis of the AUDUSD, with a particular focus on the prevailing bearish sentiment detected in higher timeframes. Notably, the AUDUSD has reached a critical support level. Throughout this presentation, we explore essential aspects of technical analysis, encompassing elements such as the current trend, dynamics of price action, market structure, and various other fundamental components of technical analysis. As we progress further in the video, we closely scrutinize a potential trading opportunity. It is essential to underscore that the information provided here is solely intended for educational purposes and should not be misconstrued as financial advice. Participating in currency market trading involves a substantial degree of risk. Hence, it is imperative to judiciously incorporate risk management strategies into your trading plan.
Short
by tradingwithanthony
BluetonaFX - AUDUSD SHORT to Yearly Low Break IdeaHi Traders! AUDUSD is under more pressure, and there is a potential support break on the 1D chart. Price Action 📊 The price action currently looks bearish, with market swings showing lower highs and lower lows. We are looking for a break and a close below the support price at 0.62856, which is the yearly low. Fundamental Analysis 📰 Last Thursday, employment figures from Australia lessened expectations of an RBA rate hike, which has the Australian dollar currently trading under pressure.   Support 📉 0.62856: YEARLY LOW Resistance 📈 0.63298: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
3
AUDUSD: Asian stocks opened lower after a negative overnight sesAsia Pacific markets are expected to continue to decline at Friday's open, weighed down by Wall Street's decline in response to stronger-than-expected labor data and mixed comments from the Bureau. Federal Reserve. As of 9:50 a.m. AEST (11:50 p.m. GMT), the S&P/ASX 200 index was down 1.4%, while Nikkei 225 futures also showed a lower open with a loss of 70 points. US stocks closed lower, with the Dow Jones Industrial Average down 250 points to 33,414, while the S&P 500 and NASDAQ Composite fell 0.8% to 4,278 and 1% to 13,186 respectively. Midday gains were seen after Federal Reserve Chairman Powell said further interest rate hikes in November were unlikely. However, inflation concerns persist as policymakers exercise caution.
Short
by Chart_MasterPro
AUDUSD AUDUSD is trending downAUD increased slightly on October 12 when Australian banks may increase interest rates to 4.35% Australia is committed to ensuring a stable energy supply to Japan during the 5th Japan-Australia Ministerial Economic Dialogue. The above agreement reflects the strategic partnership between the two countries, emphasizing the important stable and reliable flow of energy resources, which may include sectors such as coal and liquefied natural gas (LNG)
Short
by Chart_MasterPro
"AUDUSD: Bullish Momentum Towards 0.6700+"AUDUSD is anticipated to experience an upward trajectory in the near future. The price recently reached a crucial support level at approximately 0.6400, and subsequently, the market exhibited a notable surge in momentum. This positive price action suggests a potential bullish trend in the making. Traders and investors can reasonably expect the price to ascend towards the prominent resistance zone between 0.6700 and 0.6740, where a trendline convergence may offer significant trading opportunities. AUDUSD BUY 0.6430 TP1 - 0.6700 TP2 - 0.6740 SL - Join Our Channel
Long
by FKW-Millions
AUDUSD, SHORTAUDUSD has selling for the past 8 consecutive weeks since 12th Jul 2023 to date. Price is currently making upward corrections and i expect it to fulfill the fibo retracement conditions and then short further to the next significant level at 0.62780. The DXY is on the front foot of strengthening more and that could even ignite more shorts on AUDUSD. There is important news on USD coming up from Wednesday to Friday on CPI, PPI and unemployment claims and others so let us keep tune on it. All the best traders.
Short
by AbeikuGlobal_FX
1
BluetonaFX - AUDUSD Looking For DirectionHi Traders, AUDUSD has been stuck roughly in a 165-pip range for the past few weeks and is looking for a direction to continue in. Looking at the price action on the 3H chart, we have drawn the supply and demand zones for you to see. There have been numerous price rejections at the supply zone; the demand zone is at its yearly low of 0.63574. The price action is leading to the bearish side for a few reasons: firstly, the market has rejected any upside push to the supply area around the 0.65000 area; secondly, there has been no momentum push to the upside when the market reaches the demand zone, which indicates a lack of buying power; and lastly, we are still under the 20 EMA. That being said, to continue with a bearish bias, the market must break the yearly low at 0.63574 with momentum to continue down. If this does not happen, there is likely to be price rejection here, and we are likely to head back up towards the 0.64000 area. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX