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Audusdlong

AUDUSD - Buy - LONG!In the case of AUDUSD, the Stochastic Oscillator is giving an oversold signal for the AUD/USD currency pair. The %K and %D values you've provided (8.83% and 5.15% respectively) are both well below 20, which further emphasizes the oversold condition. Additionally, the BEARISH TREND weakens in the short term which supports a short-term uptrend. However, it is important to remember that this is a lagging indicator and might not predict future price movements perfectly. Also, an oversold market can remain oversold for a long time, just as an overbought market can stay overbought for a long time. while the Stochastic Oscillator might suggest a potential upward price movement in AUD/USD due to the oversold condition, it's recommended to use this in combination with other technical analysis tools, market fundamentals, and risk management strategies to validate the signal and make more informed trading decisions. It's always important to consider the broader market conditions, including geopolitical events, economic data releases and other factors that might influence the forex market. Moreover, please note that any form of trading involves a substantial risk of loss and is not suitable for everyone. Always consult with a financial advisor before making investment decisions. THIS IS NOT FINANCIAL ADVICE!!
Long
by sultancoker
A buy for the AUDUSDAfter an extended move down, we see price starting to correct. From a SnD point of view price is testing the 4hrs and the 15mins weak swing point which i think will break taking price to the demand level at 0.66022. Notice also that we have a 1 month support level at 0.65958. (that should at least give us confidence of price reversing from the price point. Currently we see price kind of starting to rise but i believe that move will not be sustained, I anticipate a resistance from the 50% Retracemennt from 52 wk High and even if that doesnt work the 50% retracement from 13 wk H/L might provide the resistance we need to push price down to our demand level. Once price hits our demand level and grabs liquidity from the 1month low level, we need to see a confirmation signal for entry. Please use proper risk management, trading is risky and as always this is not a signal, it's just my analysis for the market and how I view it.
Long
by DagemFxStudio
AUD USD LONGRisk 0.5% TP1 = 1:2 RR RISKY Trade as we are going aginst the trend. Is willing to see how it turns out. Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
Long
by TheBlackCapitol_
DECKING THE CHART: AUDUSD shows sign of bullishnessHello Traders, Trust you are doing great. Allow me to show you my decked chart of AUDUSD. From a technical standpoint, if the resistance is broken to the upside, we can expect the price to rise initially to 0.68034, indicating a gradual buildup of buying momentum. Should this momentum continue, the price may rally to 0.68374 and then to 0.68944. Looking at the Elliott Wave perspective, it seems that we are in wave 4, anticipating a 5-impulse wave of a lower degree to the upside in wave 5. This assumption gains further credibility if the price surpasses the 0.6786 region. However, it's important to note that this EW perspective will no longer hold if the price violates the 0.6700 zone. On the whole, I expect bullish move on the AUDUSD pair.
Long
by Samuel124
Potential swing trade long on AUD/USD 1-hour chartAUD/USD pulled back for a second day on Monday thanks to weak data from China and rising geopolitical tensions as Russia have backed to of a key gain deal. Support was found around the weekly pivot point, RBA ‘pause’ high and 38.2% Fibonacci retracement level, and the subsequent rally suggests a swing low is in place. The RBA minutes are due in ~2 hours, and we’d welcome any pullback towards 68c which could help improve the potential reward to risk ratio for longs. Of course, if the minutes are as dovish as hoped then AUD runs the risk of breaking beneath yesterday’s low and invalidating the near-term bullish bias. But we suspect the minutes may be a little more hawkish than liked, which leaves the potential for it to pop higher. We have a target near the upper 1-day implied volatility band around 0.6850.
Long
by CityIndex
32,600 Jobs Added! Aussie Dollar Skyrockets!The Australian dollar has surged, driven by an impressive employment report that far exceeded expectations. In the month of June, Australia's net employment rose by a staggering 32,600 compared to the previous month, surpassing estimates by more than double. This development propelled the Aussie currency up by over 0.9%, reaching an intra-day high of $0.6834. The New Zealand dollar also rode the wave, gaining 0.57% to reach $0.6299. Both Antipodean currencies are now poised to reverse the losses incurred over four consecutive trading sessions. The current market sentiment favors the bulls, with both short and long-term momentum in their favor. Price action is trading above the 50 and 200-day moving averages, reinforcing the positive outlook for the Australian dollar. Elsewhere in the currency market, the sterling is doing its best to counter deep losses following a sharp fall in the previous session. The decline was prompted by Britain's inflation data, which fell short of market expectations. The British pound managed a modest recovery, trading 0.15% higher at $1.2958 in the latest session.
by BlackBull_Markets
AUDUSD might pumping after correctionSeveral weeks ago I expect it will going down retrace to price 64¢ but it didn't, it was pumping from 65¢ and broke the strong resistance swing high at 68¢, after that correction to strong support at 66¢ before it pumping hard again to test that 69¢, but unfortunately not yet touched. Usually when the price doesn't touched particular strong round number (almost touch 1-3 pips), once again when it comes to that price, it will break the price like it was nothing (long bullish/bearish candle close above/below the strong price). Actualy I had sell limit at 69¢ several weeks ago but the price didn't take my sell order (missed less than 2 pips). Now the market structure is clear, bull domination. Usually price will spike to 60-70 pips before it going in favor (downward). I expect will correction to 67¢ for buy opportunity to test the new resistance at 69¢ (200 pips). It was consolidating 100 pips between 66¢ (minor support) and 67¢ (minor resistance) for 10 days before it pumping hard broke the 67¢ after USD high impact news released (CPI data) and this mean this (67¢) is strong demand on daily or weekly chart (spot the move without change to daily or weekly chart). I'll looking the price to build minor structure on smaller timeframe such as H1 before take consideration to sell for corrective moves. What do you guys think?
Long
by UnknownUnicorn33119711