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Audusdlong

AUDUSD to bounce from oversold extremes?AUDUSD - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. Bullish divergence is expected to support prices. Previous support at 0.6585 now becomes resistance. A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level. We look to Buy a break of 0.6585 (stop at 0.6560) Our profit targets will be 0.6645 and 0.6660 Resistance: 0.6620 / 0.6660 / 0.6720 Support: 0.6560 / 0.6530 / 0.6500 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
I'll Long AUDUSD If This HappensI've been following AUDUSD closely, and since February 2021, we've been in an extended downtrend on the monthly timeframe. However, for the first time, we saw a break of structure (BoS), as the September monthly candle managed to break and close above the previous monthly LH. This break of structure is notable, as it could indicate a potential shift in the long-term trend. Though the impulsive move that resulted in September's break of structure wasn’t the strongest, likely due to price respecting the month-long trendline, it'll be interesting to see if buyers can defend price so that the current monthly HL isn’t taken out by sellers. While we’re seeing a large sell candle in October, buyers can still be considered in control as long as the monthly HL remains unbroken. Let’s move to the weekly timeframe to see if any interesting price data emerges there. On the weekly timeframe, as seen in the chart above, the previous weekly HL has been broken meaning sellers are gaining control over the buyers as they were able to break and close below the previous low. Not a single rejection. But does this mean we should all scream sell and short the life out of AUDUSD? Well, our business is not to be on the sell or buy team, our concern should be to make money regardless of the market trend. To do that, we need to look for patterns that suggest the probability of one outcome over another. That’s exactly why we’re doing this top-down analysis. So far, from the monthly timeframe down to the weekly, nothing has clearly indicated where we should buy or sell, even though we’re seeing strong red impulsive candles. Next, let's check the daily. Now, take a look at that pattern on the daily timeframe. What pattern is that? A bird pattern? Or maybe a plane pattern. (I'm Joe King.) It’s actually a falling wedge, a reversal pattern. But does that mean we should start buying AUDUSD? Not yet. It means we should start watching for a change in structure, perhaps on the 4-hour timeframe. Only then should we look out for our entries. Still no trading decision, so let’s check the 4-hour next. Please stay with me. Still no trading decision on the 4-hourly, but there’s a plan. If price can impulsively break the 4-hourly LH at 0.66611 and stays above, then I’ll be looking for a buy on a pullback, probably on the 1-hour timeframe, where I typically look for entries. But… what happens if price continues to trend down? Since I trade based on structure, I’ll be watching for price to pull back after breaking and trading decisively below the weekly HL at 0.66220 . One key lesson I’ve learned in my trading journey is that it’s not just about price breaking a zone; it’s about how it breaks it. From the weekly, we saw price break the weekly HL at 0.66220 . But as we scale down to the daily and 4-hourly, the pattern behind this break hints at a possible reversal. What are your thoughts on AUDUSD this week? Please share in the comment. My trading rule is simple, don't take position based on what you anticipate price will do, take position only when price does what you anticipate and presents you a point of entry.
Long
by youngbossy
AUD/USD Technical Analysis: (READ DESCRIPTION)AUD/USD Technical Analysis: Bullish Momentum Expected Above 0.6660 Pivot Point: 0.6660 The pivot at 0.6660 acts as a key support level, determining the near-term direction of the AUD/USD pair. As long as the price holds above this level, a bullish move is anticipated. Our Preference: Long Positions Recommended Trade: Long positions are preferred as long as the price remains above the 0.6660 pivot point. This suggests a potential rise toward higher resistance levels. Target Levels for Upside Movement: First Target: 0.6700 This represents an intermediate resistance where traders may look to take profits or assess continuation. Second Target: 0.6720 If the first resistance is surpassed, further gains toward 0.6720 are likely, indicating stronger bullish momentum. Alternative Scenario: Downside Risks If the price drops below 0.6660: Bearish Outlook: First Target: 0.6650 Second Target: 0.6635 These levels serve as potential support areas in a bearish scenario. Technical Insights: RSI Indicator: The RSI lacks downward momentum, signaling potential for further upside. This supports the bullish outlook and suggests that selling pressure may be limited. Moving Averages: AUD/USD trading above its short-term moving averages would further confirm the bullish trend if sustained.
by CharivapaAlgo
AUDUSD Zone BuyWait zone for buy AUDUSD, don't rush to buy now. SL line yellow. Good luck. **Forex Analysis Disclaimer** This analysis is intended for informational purposes only and should not be considered investment advice. I utilize technical analysis as the basis for decision-making and do not focus on fundamental analysis. Forex trading involves high risk and can result in losses. It is advisable to conduct your own research and consult with a financial advisor before making any trades. I am not responsible for any losses that may arise from the use of this information.
Long
by Forex_Int
#AUD/USD 1HAUD/USD 1H – Falling Wedge Pattern The AUD/USD pair on the 1-hour chart is showing a falling wedge pattern, which is a classic bullish reversal setup. This pattern indicates that the price, currently in a downtrend, may soon reverse and move higher. #Pattern Overview: -Falling Wedge: The pattern is defined by two downward-sloping, converging trendlines. The price moves within this narrowing range as selling pressure weakens over time, which often leads to a bullish breakout. #Forecast: -Buy Signal: The anticipated move is a breakout above the upper resistance trendline of the wedge. This breakout is considered a strong buy signal, suggesting the price will move upward as the bearish momentum fades. #Trading Strategy: - *Entry Point: Enter a buy position when the price decisively breaks out of the wedge and closes above the resistance line. - Targets: Initial targets for the move upward could be based on nearby resistance levels or prior price action highs. -Stop Loss: To manage risk, place a stop-loss below the most recent swing low inside the wedge, ensuring protection in case of a false breakout. This setup points to a buying opportunity upon breakout, as the AUD/USD pair is likely to climb after confirming the bullish reversal.
Long
by PIPSFIGHTER
#AUDUSD 1HOn the AUD/USD 1-hour chart, the price has reached a key support level. This level represents an area where buying interest has previously stepped in, preventing further declines in price. The support zone indicates a potential reversal point, as the selling pressure may weaken and buyers could start to dominate. Forecast: Buy Given the strong support level, a buy opportunity is anticipated. Traders may consider entering a long position if the price holds above this support, with a potential upside toward nearby resistance levels. It's important to monitor the price action closely for confirmation that the support is holding before executing the trade.
Long
by PIPSFIGHTER
AUD/USD - Bullish Outlook with OTE Entry and High Probability SeIn this analysis of AUD/USD, we observe price respecting a high-probability bullish order block on the daily chart. The current price action suggests a potential continuation to the upside, with the order block acting as a strong support zone. This level also represents an Optimal Trade Entry (OTE), aligning with the Fibonacci retracement golden zone (between the 61.8% and 78.6% levels), further confirming its validity as a strong buy area. Additionally, upcoming high-impact USD news on Thursday, including CPI data and unemployment claims, could introduce volatility and influence price action. Traders should stay alert and consider managing risk accordingly. The chart indicates that price is currently reacting positively to this confluence of technical factors, and I expect a bullish move targeting the next buy-side liquidity level. Should this level be breached, further upward momentum can be anticipated. Stops should be placed just below the order block for effective risk management. Key Points: - OTE Entry: Price is respecting a high-probability bullish order block, which aligns with the Fibonacci golden zone, offering an optimal trade entry. - Upcoming high-impact USD news on Thursday, which may introduce volatility. - Targeting buy-side liquidity as the next key level, maintaining a bullish bias. Disclaimer: This is not financial advice. Always conduct your own research (DYOR) before making any investment decisions.
Long
by INSIDER_INTEL
AUDUSD - Look for Reversal Long (INTRADAY) 1:4!USD has reached a seven-week high following the NFP news, driving USD pairs downward. A correction could be expected before USD resumes its bullish momentum if conditions hold. This presents a potential opportunity to capture some pips, especially with DVX reacting to the SBR Zone, similar to the current behavior in AUDUSD. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
Sell AUD/USD Triangle BreakoutThe AUD/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.6870 Target Levels: 1st Support – 0.6835 2nd Support – 0.6804 Stop-Loss: To manage risk, place a stop-loss order above 0.6916. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
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