Get started

Audusdlong

AUDUSD BuyThe Australian dollar has initially fallen during the trading session on Monday, but then turned around to go straight up in the air. By doing so, the market has slammed into the 50-Day EMA, causing the market to struggle with a major technical level. Keep in mind, the area between the 0.67 and 0.68 level has been extraordinarily important in the recent past, and a break above the 0.68 level would be a major victory for the Aussie dollar. If we do break above the 0.68 level, the first target will be the 200-Day EMA, which sits just above there. Alternatively, if we turn around right here, we could see the market down to the 0.67 level again. Anything below the candlestick for this massive day on Monday would obviously be very negative, and I think at that point you would have to start selling hand over fist. There is an argument to be made for some type of bearish flag trying to be formed, but you can also still make an argument for an ascending triangle. Because of this, I suspect that retail traders will continue to be somewhat confused, and therefore we will continue to see a lot of conflicting opinions. AUDUSD h1 main trend is still bullish. However, now traders need to wait for another deep correction of this pair to have the best buying opportunity. Recommended to wait to buy to 0.6750, SL: 0.6710, TP: 0.6820
Long
by VTmarkets
AUDUSD Bullish pattern ConfirmedAUDUSD is having bullish confirmation after having HP-HT-HP-HT in 4H timeframe. Therefore, I am not suggesting you try doing counter trading by opening selling/short position. I am seeing AUDUSD might have short term pullback to the 0.673 (which can be good area to open buy/long position) before continue reaching 0.68325 (1.618 Fibonacci retracement). Given that the ISM number is lower than expected, it moves DXY index lower which power up bullish movement for AUDUSD. We should be a bit cautious regarding the rate decision and important news in the coming days. Happy profit!
Long
by MekarTrading
AUD/USD UpdateNothing much has really changed since my first posting on this. Price has hit my first two levels and since then been skirting on top of them for a while. So the levels underneath are still at play. Price hasn't moved up enough to invalidate them. Maybe it will push up soon. If it does, I will go short from my short zone. If price goes lower, I'm interested to see how quickly it goes lower. If it trends down a great distance within a week, I will definitely go long. FX:AUDUSD
Long
by PEAKFINDER
AUDUSD - Bearish price action ✅Hello traders! ‼️ This is my perspective on AUDUSD. Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect bearish continuation as price rejected from bearish order block. My target is sell stop liquidity and the imbalance lower. Fundamental analysis: Tomorrow we have news events on USD, will be released final GDP for first quarter of 2023. The forecast for GDP is to remain the same as per last quarter, which means we would not have such big moves in market, however we should look for the results in order to validate our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
AUDUSD BuyThe Australian dollar is slightly stronger this morning when valued against the Greenback. The Australian dollar jumped to an overnight high of 0.6758, after the Federal Reserve decision. It is testing the critical resistance zone around 0.6760, amid the broad-based Dollar’s weakness. Yesterday, investors looked past the Reserve Bank of Australia’s (RBA) hint of a rate pause as the prevalent selling bias around the US Dollar (USD) turns out to be a key factor that assists the AUD/USD pair to regain positive traction. It is worth recalling that the minutes of the RBA meeting held on March 7 revealed a step down in hawkishness as policymakers only considered a 25 bps hike and agreed to revisit the case for a pause at the April meeting amid the uncertain economic outlook. Looking ahead today and we will see the release of the Conference Board Leading Index a combination of 7 economic indicators related to money supply, building approvals, profits, exports, inventories, and interest rate spreads. Finally, on Friday we will see the release of the Purchasing Managers’ Index (PMI), a survey of about 400 purchasing managers, which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. AUDUSD h1 price is sideways in the 0.6670-0.6730 zone. Today it is possible that the pair will move up to the 0.6730 resistance area once again. Recommended buy to current price 0.6692, SL: 0.6660, TP: 0.6730
Long
by VTmarkets
Aud/Usd - BuyMultiple breaks of structure to the upside. I trade price action / SMC, I can see 2 slear breaks of structure on the higher timeframe which carrys more weight than the lower timeframes, clear candle closures above the previous highs, a wick for me is not valid in my trading plan. Once i see the candle close on the second break of stucture i track back on the move that broke the previous high and look for inefficiency in the run and then mark up the Order block where i then place my pending order. Simple trading is how i operate and this is 1 example of many trades that i place that play out very well. all im looking to do now is wait to be 2% in profit move SL to 1% and let this run risk free.
Long
by Rjptrades93