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Audusdsell

Will the AUD turn on Tuesday’s rate hike? The Reserve Bank of Australia (RBA) will release its interest rate decision on Tuesday September 6. Forecasts are for another half-percent increase in the cash rate. If forecasts hold up, Tuesday’s rate hike will be the fourth consecutive 50-basis-points increase from the RBA, lifting the cash rate to 2.35% from the current 1.85%. Still, even with another rate hike under RBA’s belt, not many investors are pegging the AUD to start outperforming the USD to any great degree or for any sustained period. To analyse the current trend for the AUD/USD, we can use the Trend Meter Indicator. This indicator can help confirm whether the direction of a pair might turn. The Trend Meter Indicator aggregates the data from several other indicators to measure the current strength of the movement, such as the MACD, RSI signal line cross, and MA cross. If the Trend Meter Indicator shows green dots consecutively, the trend is seemingly bullish and will likely continue so long as it stays on the green side. However, if a red dot appears after a long streak of green dots, the trend might be thought to reverse. With the use of the trend meter indicator, we can see that the indicator has already given a bearish signal at the end of August on the daily timeframe by providing a red dot indication. Since then, there has been no sign of green dots, which means that the trend on the downside is still intact, even with support being created at 0.67800. Traders who want to trade the pullback to the upside might want to wait for the green dot signal using this indicator. Otherwise, it may be wiser to looking for a bullish Australian dollar with other AUD pairs.
by BlackBull_Markets
1
AudUsd to break under supportAfter the low made in mid-July, AudUsd has started to rise and managed to pass above 0.7 important figure. However, bears quickly took control and the pair fell under 0.7 again, a new attempt from last week is also quickly reversed leaving a strong bearish engulfing candle formation at the end of last week. Also, in August PA is an H&S and now AudUsd is trading in its neck-line support. I believe this support will also fall and the pair will dive to 0.67 next important one. Sell rallies is my strategy for this pair with negation above last week's high
Short
by Mihai_Iacob
12
AUDUSD Daily Price should reached that black line then pull back to test the FVG then continue going up to 0.72 or 0.74 . . . . 🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice 🧅JUST AN OPINION OF THE ONION.🧅
by MLGONION
AUDUSD – SPOT: Selling On RetracementAUDUSD – SPOT: Selling On Retracement Around 0.7264 - 0.7282 Key Resistance Area Price Action: Price formed an Inside Bar Pattern late last week (We are not considering trading this pattern). Price moved higher from the prior Inside Bar Pattern that had formed early last week (We did not consider trading this pattern, nor did we mention it). Potential Trade Idea: We are considering selling on a retracement higher and after a price action signal, at or just under the 0.7264 – 0.7282 key resistance area.
Short
by UnknownUnicorn393254
SELL LIMIT ORDER ON AUDUSD ACCORDING TO MY TECHNICAL ANALYSIS.Educational Analysis says AUDUSD may go SHORT. According to my technical. This is not an entry signal. I have no concern with your profit and loss from this analysis. Why SHORT? On 4HR AND 1HR timeframe pair is making LOWER HIGH AND LOWER LOWS. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS HOW TO TAKE ENTRY ON THIS? On 15 min timeframe, the pair changes its character and the price push toward also pair breaks the major structure SELL LIMIT ENTRY:- 0.69786 STOP LOSS:- 0.69828 TAKE PROFIT:- 0.66273
Short
by VishalBudhrani
Is it time to short AUDUSD?A few words about how I see the current market: Powell's comments have led to what I believe is a short-term regime shift from QT to perceived-pseudo-QE (which isn't really QE but a lot less QT). The whole macro picture is still so weak that I find it really hard to write down: we're in a reflation trade now. I don't know how long it will last, but my guess is: until we get a sense how the September FOMC meeting might play out. The ECB has ditched forward guidance, now the Fed has followed suit. Central bank speakers and economic data will have much more impact when trading, creating more whipsaws and more small-timeframe volatility. (Thankfully you're reading a newsletter that has that covered.) Strong opinions, weakly held. Being nimble. Trading the market, not expectations. That's going to be even more essential for the coming weeks.
Short
by xxpqxx999
1
AUDUSD – SPOT: Selling On A RetracementAUDUSD – SPOT: Selling On A Retracement Price Action: Price formed a Bullish Tailed Bar Signal late last week (We are not considering trading this signal). Price moved slightly higher from the recent Bullish Pin Bar Signal that had formed early last week (We did not consider trading this signal). Potential Trade Idea: We are considering selling on a retracement higher and after a price action sell signal, whilst price remains under the 0.7264 – 0.7282 key resistance area.
Short
by UnknownUnicorn393254