If AUD/USD is going to bounce, it has to be nowConditions for a weaker US dollar have been ripe, with calls for the RBA’s rate to have peaked at 4.1%, deteriorating data from China and ‘higher for longer’ calls for the Fed. And with that, we have seen some outlandish calls for the Aussie to fall to 50 and even 40c.
Perhaps those calls will turn out to be right. But the Aussie did not earn its name “the battler” for nothing, and we’ve not seen it dip below 50c in over twenty years. Furthermore, there are some indications that the downside could be limited and it could be due a bounce.
Last week’s nine-week low briefly traded beneath trend support, projected from the March 2020 low. Given it marked the pandemic low ahead of a bullish ‘liquidity injection’ fuelled rally, it is significant to say the least. But we also saw the RSI (2) reach overbought last week to warn of a near-term inflection point, and it fell for five consecutive weeks into those lows – a bearish sequence rarely beaten.
Of course, we have the Jackson Hole symposium with Jerome Powell’s speech being the usual highlight. If it is to peddle the ‘higher for longer narrative’, perhaps the US dollar can regain its footing and send AUD/USD back towards 64c. But even then, it ‘the battler’ may not simply roll over and die. But what if Powell is to deliver a less-hawkish-than-expected speech, following the weaker PMIs? Then we’ve expect some more Aussie bears to get squeezed, and help AUD/USD rebound further from that key trendline.
Audusdlong
Buy AUDUSDLooking at the AUD/USD chart, we can notice that the price has made a new high. Right at that high, we witnessed a downward price reaction. The price gathered liquidity from the lowest peak and broke through the support back upwards. In my opinion, this suggests that we might see a continuation of the price rise to 0.64884 .
AUDUSD will go UP by Double Bottom Pattern🚀AUDUSD was able to break the 🔴 resistance zone($0.64620-$0.64530) 🔴.
Now, we are watching the pull back to the resistance zone .
Also, we can find the Double Bottom Pattern(Standard) .
🔔I expect AUDUSD will go UP at least to the upper line of the Ascending Channel and next 🔴 resistance zone($0.65030-$0.64920) 🔴.
🔅Australian Dollar/U.S.Dollar Analyze ( AUDUSD ) 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
audusd buy Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AUDUSD Long Term Trading IdeaHello Traders
In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET
today AUDUSD analysis 👆
🟢This Chart includes_ (AUDUSD market update)
🟢What is The Next Opportunity on AUDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
audusd signal buy. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
audusd buy analysisi elliot. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AUDUSD Signal 7Aug2023I have noticed a correction in the H1 timeframe. The most recent HH was unable to reach the SND area, resulting in a FTR (Failed to Return) and a subsequent drop in corrected prices. For this AUDUSD analysis, we can set up a buy limit in the SND area with a ratio of RR reaching 1:6. It is important to use a good MM.
audusd buy. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
A Short Trader May get happy today, on this AUD pair! {07/08/23}Educational Analysis says AUDUSD may go Short according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why long?
Because AUDUSD respects an uptrend line facing down line on a 4-hour time frame.
The market is bearish but a strong AUD may change its direction and start a new trend soon.
The black line is the Order block
The RED line is high and low at the current price.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy trading, FX Dollars.
AUDUSD Analysis. Some fakeouts. SignalHello Everyone. I want share my idea about AUDUSD.
In my last idea i detected many false brake outs, after that we still have it. i was longing this pair and still in position.
next week i will try long this pair and here is reason why.
Institutional made lot of brake outs long side but 0.689 LVL was interested for them. From 0.689 point we saw some slow bearish movements, i think they made this brake outs for filter people. I am longing next week this pair because on us dollar index broke weekly support which was strong, last week came for retest that and i think there will be strong sellers than buyers. dollar will continue bearish trend and AUD will rise versus dollar (i have us dollar index analysis which i will link in this idea).
I have 3 scene for this pair price movement.
1 Bullish - price has strong reaction on Fibonacci at levels, brake weak resistance at 0.678, then brake strong 0.689 LVL, price going up and test 0.71 weekly resistance.
2 Bearish - Price is not strong at fibonacci levels coming down and brake strong support at 0.6588.
3 Fake movement - price show us not strong at fibonacci levels coming down, making liquidity swing at 0.6588 support area and then starting bullish trend which test weekly resistance at 0.71.
If i want win this trade i need good risk management and and less risk reward. my stop will be below 0.6588 LVL.
Be patient!!
AUDUSD forecast in 1HAnd as for the analysis of the dollar price of the smallest continent on the planet...
Considering the complete clearing of the sellers at the price level of 0.6600, the last big drop that you saw was just to re-energize the price, which I expect to start an upward movement in the support of the price in the green box...
"Not financial advice"
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!!
AUDUSD Bullish Trade Opportunity A long trade opportunity recently presented itself on the aussie-dollar trading chart, following a bullish engulfing candlestick pattern just above the 0.66000 psychological level (there's even a confirmation candle after the signal candle).
A good upward momentum should see price trying to test the 0.69000 psychological level again.