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Audusdlong

AUDUSD Technical Analysis and Trade Idea In our comprehensive analysis, we delve into the AUDUSD currently trading into a bearish order block on both daily and four-hour timeframes. The accompanying video elucidates the prevailing trend, delineates the nuances of price movements, and dissects the overarching market architecture. Additionally, I offer a strategic trade proposition for consideration. Please be advised that the content disseminated herein serves solely an educational function and should not be misconstrued as professional financial counsel. The act of trading is fraught with inherent perils, which accentuates the indispensability of steadfast adherence to stringent risk mitigation measures.
by fxtraderanthony
Buy AUD/USD Bullish PennantThe AUD/USD pair on the M30 timeframe presents a potential buying opportunity due to a recent breakout from a well-defined bullish pennant pattern. This breakout suggests a continuation of the prior uptrend and a higher likelihood of further gains in the coming hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance level of the pennant, ideally around 0.6630 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bullish targets lie at the following points, based on the pennant and recent price movement: 0.6694: This target is obtained by measuring the height of the flagpole (initial uptrend before the pennant) and adding that distance to the breakout price. 0.6734: This is a further extension of the upside target, based on roughly twice the height of the flagpole. Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the pennant, ideally around 0.6600. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards. Thank you.
Long
by KABHI_TA_TRADING
3
Countdown to RBA rate decision Countdown to RBA rate decision The nine members of the Reserve Bank of Australia (RBA) are set announce its latest interest rate decision that could significantly impact the Australian dollar. This comes amidst remarks from Warren Hogan, Chief Economic Advisor at Judo Bank, who suggests that the central bank might soon need to raise rates to over 5%, a notable increase from the current 4.35%. Hogan asserts, "We're nearing two years since the commencement of rate hikes, and it appears that it's not yielding the desired outcomes." The money market indicates only a small probability of a rate hike today. However, Economic Editor John Kehoe from the Australian Financial Review raises doubts about whether the market is downplaying the likelihood of such an increase. According to Kehoe, over the last 25 years, the RBA has consistently raised interest rates promptly when confronted with a quarterly inflation rate as high as the current one, barring exceptional economic conditions. In contrast, Gareth Aird, Head of Australian Economics at CommBank, posits that Australia's neutral cash rate likely lies between 2.5% to 3%, and any rate exceeding 3% is sufficiently constraining. On the daily chart, the price has once more approached a significant resistance zone at 0.6650, where the pair encountered rejection in both April and March. Should the Reserve Bank of Australia adopt a more hawkish stance today, even in the absence of a rate hike, it might catalyze a breakthrough of this resistance level for the pair. Conversely, a downward move could find support around the 100-day moving average.
by BlackBull_Markets
AUDUSD: Australian budget revenue growth cools amid economic heaThe Treasurer has previously highlighted the impact of weaker commodity prices, particularly on iron ore - a key Australian export - along with rising unemployment as key factors. to adjust revenue. Australia's unemployment rate hit a two-year high of 4.1% in January. Over the last month, Chalmers has also highlighted concerns about global economic stability, noting that recent events in the Middle East are likely to affect upcoming budget plans in May. The exchange rate at the time of announcement was $1 to 1.5133 Australian dollars.
Long
by Chart_MasterPro
AUDUSD: AUDUSD technical analysis todayMost Asian currencies weakened on Friday, while the dollar steadied in anticipation of key inflation data expected to influence the Federal Reserve's stance on cuts. interest rates. While the dollar's decline overnight - after weaker-than-expected US gross domestic product data - brought some relief to Asian currencies, this was largely offset offset by continued bets on higher US interest rates for longer. The dollar also eased some of the losses in Asian trade.
Long
by Chart_MasterPro
1
Fed rules out rate hike. Will the RBA now do the same? Fed rules out rate hike. Will the RBA now do the same? The US Federal Reserve maintained its policy rate within the 5.25%-5.50% range as anticipated. Notably, Fed Chair Powell, in the press conference, expressed that while the central bank remains vigilant about inflation risks, a hike is "unlikely" for the next move. Will the Reserve Bank of Australia (RBA) echo a similar stance when it announces its interest rate decision next week? Although there were hopeful indications that inflation in Australia was trending in the right direction, these were dashed recently by a stronger-than-expected reading for the March quarter. With hopes for a rate cut dashed, speculation now centers around the possibility of another increase before 2024 concludes. Bloomberg reports a shift in expectations from rate cuts to a potential rise by year-end. Market sentiment has transitioned from a 70% likelihood of an interest rate cut in August to a 50% probability of a 0.25% rate hike, which is a huge shift in sentiment. If indeed an interest rate hike materializes, it would place Australia in stark contrast to other central banks. Presently, the RBA's cash rate stands at 4.35%. None of the major four banks anticipate the RBA's next move to be an increase, with all still projecting a rate cut by Christmas. However, these forecasts remain subject to change in the lead-up to the RBA's decision.
by BlackBull_Markets
AUDUSD | MT Long H4 | Middle of Parallel ChannelPair: FX:AUDUSD Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames - Price action is now at the middle of a parallel channel - Price is at 61.8% Fib Extension Level - Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand zone. Fundamental Confluences for Trade: - Higher commodity prices is a positive for Australia economy - Further war escalation from the Israel-Iran tension may bring on risk-off moves and affect this trade Suggested Trade: Entry @ Area of Interest 0.6390 - 0.6415 SL @ 0.6351 TP 1 @ 0.6448 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.6516 Risk-to-Reward @ Approx. 2.09 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
Long
by weekendanalyst
AUDUSD Long (24/04)Price for AUDUSD may be looking to turn after a week of selling. It has left a wick below, signalling rejection. An order block was drawn, in hope to ride out the sell - however it was broken through, leading to the confirmation of the above. Using the breaker block I’m using the highest recent point for my first take profit and the swing highs as my future take profit points. N.B.: Do your own research do not take my analysis as financial advice. Thank you
Long
by saintprincevvs
3
AUDUSD - Potential sell idea ✅Hello traders! ‼️ This is my perspective on AUDUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from FIBO 0.618 level. Fundamental news: This week on Friday will be released Unemployment Rate on AUD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
AUDUSD Long TradeMARKET PHASE OANDA:AUDUSD is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break lows within the corrective structure until it began to hold the bottom. There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure swing lows. Price violently moved down to trigger the sell stops (liquidity) to pair against the buy orders needed to take price up. Price has now started it’s initial move up but due to the velocity of the upward move, it's gapped orders around 0.65340. Price retraced back to this level to meet the demand and our entry was triggered. We can now expect a strong push upwards in the direction of the larger trend. TRADE I've entered my long position on OANDA:AUDUSD as follows: Buy Limit: 0.65340 Stop Loss: 0.65072 Take Profit: 0.65877
Long
by Mankz
AUD/USD key S/R levels, +160 Pips potentialHello traders, I hope you had great profits by selling AUD/USD last week. In my previous AUD/USD idea, I recommended selling AUDUSD@0.6620 zone, that call generated over 180 pips profit. Currently, AUD/USD has bounced off the support zone by almost 30 pips. This makes me wonder, if there is a potential long entry here. So, if the support level that I had indicated in my chart holds, I would recommend traders to buy AUDUSD@0.6450-0.6475 with stop loss below the support zone and TPs at 0.6542 and 0.6642.
Long
by KaltoireCapital
5