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Audusdlong

AUD/USD Bull on the horizon...In terms of trading analysis, I am a strong advocate for taking a long-term approach and striving to gain the best possible insight into where the market may be heading in the coming quarters (and in some cases even further ahead) . Identifying the overall direction of the market is a critical factor not just in positioning oneself for high-percentage gains but also in increasing profits while reducing trade frequency. I have already shared my EUR/USD outlook video, but I would also like to share my ideas here regarding both the GBP/USD and AUD/USD pairs. While my main focus is typically on the EUR/USD, I do occasionally explore other pairs if there are promising opportunities. The GBP/USD setup is a large falling wedge which typically calls for a move to the upside. Coupled with a up trending MACD which further gives this further strength of a possible bullish move. The AUD/USD setup is a large falling Descending triangle which typically calls for a move to the upside. Coupled with a up trending MACD which gives this further strength of a possible bullish move. Projected target on the GBP/USD is 1.4000. Projected target on the AUD/USD is 0.7700 (possibly extended to 0.8000..
Long
by InternalTraderNYC
AUDUSD I Trade update I Potential long from bottom of channelWelcome back! Let me know your thoughts in the comments! ** AUDUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
2
New Trade: AUDUSD - Long PositionNew Trade: AUDUSD Long Position Entry: 0.6680 Take Profit: 0.6870, 0.6800, 0.7500 Stop Loss: 0.6645 Technical Rationale: Entered a long position on AUDUSD based on sustained trading above the 200 EMA, indicating a robust bullish sentiment. Additionally, a retracement to the "golden zone" in Fibonacci levels supports the potential for an upward move. Current Position Status: Despite a temporary drawdown near the Stop Loss, the position is active, presenting an entry opportunity for interested traders. Market Analysis: Market conditions favour the ongoing bullish outlook, with the price consistently above the 200 EMA and a favorable Fibonacci retracement. Trade Strategy: Strategically placed Take Profit options at 0.6870, 0.6800, and 0.7500 reflect anticipation of various potential upward moves. Stop Loss at 0.6645 serves as risk management. Conclusion: The AUDUSD long position is supported by technical factors, and despite initial challenges, the position remains active. Market conditions may offer an entry opportunity. Disclaimer: Trading involves risk, and past performance is not indicative of future results. Conduct thorough analysis and exercise due diligence.
Long
by CeeJay_Trades
AUDUSD still higher from recent support level {08/jan/2024}Educational Analysis says AUDUSD may move in this range for some time according to my technical. Broker - Pepperstone This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because AudUsd has already been in an Uptrend since last Month, And basically will go higher from the demand level. Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high. Let's see what this pair brings to the table in the future for us. Please check the Comment section on how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
Long
by VishalBudhrani
AUD/USD Strives for Heights Amid Dollar's ResurgenceAUD/USD Strives for Heights Amid Dollar's Resurgence: Navigating Market Dynamics The AUD/USD experienced a notable surge, reaching a fresh five-month high at 0.6870 before encountering a shift in momentum. During the American session, the pair saw a reversal, dipping below 0.6850 as the US Dollar staged a recovery, fueled by an uptick in Treasury yields. Market Response to US Data: Despite noteworthy data releases from the US on Thursday, including an unexpected increase in Initial Jobless Claims to 218,000, market participants seemed largely indifferent. The week ending December 23 also witnessed Pending Home Sales holding flat in November, falling short of the anticipated 1% increase. The resilience of the AUD/USD in the face of these figures suggests the pair's sensitivity to broader market dynamics. Upcoming Events and Data Focus: As we move into Friday's trading, Australia is void of scheduled data releases, placing the spotlight on the US with the release of the Chicago Purchasing Managers' Index (PMI). However, the real anticipation is directed towards next week's US employment data, featuring crucial indicators such as ADP, JOLTS, jobless claims, and Nonfarm payrolls. Technical Analysis and Bullish Outlook: Our analysis maintains a bullish stance, tracking the AUD/USD's price movements. Notably, the pair exhibited resilience with two rebounds on the dynamic trendline within Fibonacci areas. The upcoming Fibonacci zone, ranging between 38.3% and 50%, emerges as a potential trigger for another bullish impulse, following a swing-style pattern. Conclusion: The AUD/USD's journey to a five-month high showcases its inherent strength, even amid a resurging US Dollar. The market's reaction to US data and the upcoming focus on employment figures sets the stage for continued volatility. With our bullish outlook guided by technical analysis, the AUD/USD's ability to navigate Fibonacci zones suggests potential opportunities for traders in the evolving market landscape. As the pair readies for the next leg of its journey, investors are poised for strategic moves aligned with the dynamic interplay of global economic forces. Our preference Looking for a Long positions with target at 0.6940
Long
by FOREXN1
3
AUD/USD 0.66910 -0.23% LONG IDEA HTF BIAS 🐮HELLO TRADERS HOPE EVERY ONE IS GREAT A LOOK AT THE AUD/USD HIGHER TF PROJECTIONS FOR THE WEEK DXY DAILY BIAS * Should the DXY CONTINUE its bearish trend we looking for the AUD/USD to continue bullishly. *Bias for the DXY IS STRONGLY BEARISH hence AUD/USD WE'RE STRONGLY BULLISH Sentiment wise AUD/USD DAILY TF Similarly to the EUR/USD * We saw a Big indecision candle close on friday. * Beautifully Rejecting off the +FVG. * Looking for some push towards the downside to take internal range LQ/ discounted price *PERFECT OTE for longs in continuation with the trend. 1H TIME-FRAME * Today looking to clear some SELLSIDE a tap into that +OB. * Looking for some bearish moves into HTF internal LQ before continuation with the bulls. VIOLATION OF +FVG CHANGES THE WHOLE BIAS HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
Long
by PULEMokhothu
13
AUDUSD H4 / Looking for LONG ENTRY 📈 Hello Traders! This is my idea related to AUDUSD H4. I expect a retracement from the resistance level, where we have also an OB. It's a good opportunity to entry long if the strategi is confirmed. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
3
AUDUSD: The USD soared amid higher US bond yields, pending key dThe US dollar posted strong gains on the first trading day of the year, supported by rising US yields. Market participants are currently awaiting the release of upcoming US labor market data and European inflation data to determine the direction of central bank policy. The dollar index, a measure that compares the U.S. currency with six other major currencies, rose 0.7%, its biggest single-day gain since October. This follows his 2% decline in 2023, ending his second consecutive year of increases. Last year's decline was due to market expectations that the US Federal Reserve (Fed) would cut interest rates significantly given the strong economy. The dollar's rise was supported by a rise in U.S. Treasury yields, with the benchmark 10-year Treasury note rising 7.1 basis points to 3.931%, its biggest one-day gain in more than three weeks. The dollar faced downward pressure last month after the U.S. Federal Reserve signaled a potential rate cut in 2024, but Brown Brothers Harriman & Co.'s head of global currency strategy said: "The market is starting to realize that," Win Hsin said. "The US economy remains strong," he said, suggesting a "soft landing" could result in two or three precautionary cuts by 2024. However, the market is currently pricing in six rate cuts this year. As a result, the dollar could remain "under pressure and vulnerable" until those expectations materialize, Singh said.
Long
by Chart_MasterPro
AUDUSD: 0.7150 is our next possible target in 2024?Happy New Year 2024. AUDUSD, has been bullish in daily timeframe, suggesting a clear move upwards 0.7150 region which is where we will exit our trade. Looking at the current price momentum it is clearly notable that price has already retraced and it is very likely it will rebound strongly in days to come. Entry can be available when the market opens where with 50-80 pips stop loss a long entry worth it. With the take profit of 600 pips, a great risk to reward.
Long
by Setupsfx_
9
USD Weakness and Potential Bullish Momentum on AUDUSDThe foreign exchange market, influenced by economic policies and global events, is undergoing a significant transformation in the AUDUSD currency pair. This analysis delves into the repercussions of the Federal Reserve's (The Fed) dovish policy decisions on the USD and explores how this has contributed to the strengthening of the Australian Dollar. Federal Reserve's Dovish Stance: In response to economic challenges, the Federal Reserve has embraced a dovish approach, refraining from raising benchmark interest rates to foster economic recovery. Chairman Powell's dovish signals have resonated in the currency markets, resulting in a depreciation of the USD. Market Analysis: Since the December 14 FOMC meetings, the AUDUSD has seen a noteworthy surge from 0.65690 to its recent peak at 0.68710. This upward trend, encapsulated within an ascending channel, signals bullish momentum. However, the ongoing correction phase suggests a temporary pullback before the upward trend resumes. Strategic Trading Approach: Entry Point: Strategically position the entry point around support levels, especially when accompanied by a confirmed bullish pattern. This approach capitalizes on the corrective phase, providing an advantageous entry position. Stop Loss: Manage risk with a stop-loss order below the ascending channel or the support level of 0.68061. This safeguards against unexpected market movements, offering a defined exit point if the trade deviates from expectations. Consider an alternative stop-loss placement around 0.67903 in case of a substantial shift. Take Profit: Set the take-profit level at 0.68815, representing the highest point in the past six months. This serves as a reasonable target for capitalizing on the bullish momentum. Conclusion: The Federal Reserve's cautious approach and the resulting USD depreciation have paved the way for potential bullish momentum on AUDUSD. Despite a brief correction, entering the market around support levels using bullish patterns offers an optimal strategy. Prudent risk management, with well-placed stop-loss orders, and targeting 0.68815 for profit-taking provide a concise plan for navigating the current USD weakness and the anticipated AUDUSD upswing. Traders can effectively capitalize on this market scenario with a strategic and well-informed approach.
Long
by fardycurry
1