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Audusdsell

AUDUSD Bearish Butterfly Pattern Signals ReversalThe AUDUSD pair is currently forming a Bearish Butterfly Harmonic Pattern (XABCD), a classical harmonic formation that signals potential trend reversals. The critical Point D, known as the Potential Reversal Zone (PRZ), is where the pattern completes, indicating a high probability of a bearish reversal. Confluence Factors: Key Resistance Area: Point D aligns precisely with a significant resistance level, suggesting strong selling pressure at this zone. 4-Hour Trend Line: The PRZ also coincides with a descending trend line on the 4-hour chart, reinforcing the bearish outlook. RSI Bearish Divergence: The Relative Strength Index (RSI) is exhibiting bearish divergence, where the price is making higher highs while the RSI is making lower highs, indicating weakening bullish momentum. Entry and Risk Management: Entry: Based on the confluence factors, an entry is recommended at 0.66730. Stop Loss: To manage risk, place the stop loss at 0.67180, just above the resistance and PRZ, providing a buffer against potential volatility. Take Profit Levels: TP-1: 0.66280 TP-2: 0.65830 TP-3: 0.65380 These profit levels are strategically placed at key support zones and Fibonacci retracement levels, offering a structured exit plan as the market potentially moves in our favor. Conclusion: Given the alignment of the Bearish Butterfly Harmonic Pattern, key resistance, trend line, and RSI divergence, a bearish reversal is anticipated from Point D. This setup presents a high-probability trading opportunity, supported by multiple technical factors. The proposed trade setup provides a favorable risk-reward ratio, making it a prudent entry for traders looking to capitalize on a potential trend reversal in the AUDUSD pair.
Short
by trading_jupiter
AUD/USD: Westpac's Bullish Perspective The AUD/USD and NZD/USD are trending higher due to risk-on flows boosting these currency pairs. For AUD/USD, on the downside, immediate support could lie at 0.6594, just above the 100 Daily Moving Average. The RSI is almost levelling off at around 80. Westpac recently highlighted a bullish stance on AUD/USD: “...there is no clear path to significantly higher US yields at the moment, especially with Powell reiterating that persistent inflation trends prolong restrictive policies rather than suggesting imminent rate hikes. Additionally, there are increasing risks of a weakening job market, as indicated by softer April payrolls and last week's rise in jobless claims.” In essence, Powell has tentatively ruled out rate hikes, while Nonfarm Payrolls and other job data have started to soften. Furthermore, recent US CPI data revealed that the annual inflation rate eased to 3.4% in April 2024 from 3.5% in March. Although inflation remains stubbornly high, the downward trend may not support USD bulls. Extra gains might push the AUD/USD to test 0.6700, before approaching the key 0.6750 level.
by BlackBull_Markets
AUDUSD: USD increases; The market waits for statements from the The greenback edged better on Wednesday, bucking current weak point as numerous Fed officers organized to speak. At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the dollar towards a basket of six different currencies, traded 0.2% better at 105,500, off its lowest withinside the nearly a month remaining week. The greenback obtained a small increase overdue Tuesday after Minneapolis Fed boss Neel Kashkari stated chronic inflation and a robust economic system may want to convince the United States important financial institution to depart hobby costs unchanged. for the the rest of this year. US hobby charge moves hold to draw marketplace interest and with out pinnacle US monetary facts this week, policymakers` evaluations come to be even extra important. Fed Chairman Jay Powell basically dominated out in addition tightening remaining week, however lots of uncertainty stays approximately whilst a flow decrease will occur. Investors haven't any scarcity of Fed officers to look ahead to Wednesday, with Vice Chairman Philip Jefferson, Governor Lisa Cook and Boston Fed President Susan Collins ready to speak.
Short
by Chart_MasterPro
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 Short Trade Setup A #short trade opportunity recently presented itself on the #aussiedollar (#AUDUSD) #trading chart 📉. This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 0.66462 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell). Sufficient downward momentum should see price dumping towards the 0.65000 psychological level and possibly testing the strength of the 0.64647 horizontal support level. As always, please apply appropriate risk management. Happy trading! #majorpair
Short
by charles-okoukoni
2
AUDUSD Potential Short Opportunity Bearish Bat Harmonic PatternThe AUDUSD pair is currently exhibiting a potential Bearish Bat Harmonic Pattern (XABCD) formation, coupled with its proximity to a significant resistance level. This suggests a possible reversal in trend momentum, with bearish indications expected to strengthen from Point D onwards. Harmonic Pattern Analysis: The Bearish Bat Harmonic Pattern (XABCD) is emerging on the AUDUSD chart, indicating a potential reversal of the current uptrend. The completion point (Point D) of this pattern aligns closely with the key resistance level, adding further confluence to the bearish scenario. Entry and Stop Loss: We recommend taking a short position at 0.65200, anticipating the reversal from Point D. A stop loss should be placed at 0.65900 to mitigate potential losses in case of a breakout above the resistance level. Take Profit Targets: TP-1: 0.64520 TP-2: 0.63820 TP-3: 0.63128 Rationale: The decision to enter a short position is supported by the confluence of the Bearish Bat Harmonic Pattern and the key resistance level. This setup suggests a high probability of a bearish reversal, with potential downside targets identified at various support levels. Risk Management: It's crucial to adhere to proper risk management principles when executing this trade. By maintaining a disciplined approach to position sizing and adhering to the specified stop loss level, traders can effectively manage their risk exposure. Conclusion: Based on the technical analysis, a short position on AUDUSD is recommended, with entry at 0.65200 and a stop loss at 0.65900. Take profit targets are set at 0.64520, 0.63820, and 0.63128. This analysis aims to capitalize on the anticipated bearish momentum following the completion of the Bearish Bat Harmonic Pattern and the resistance level confluence.
Short
by trading_jupiter
2
AUDUSD - Shark Harmonic Pattern Formation Detected-Bearish TrendAUDUSD is currently forming a Shark Harmonic Pattern (XABCD) on the 4-hour time frame. This pattern is characterized by specific Fibonacci ratios between the price swings. The completion point, Point D, coincides with a key Resistance level, indicating a potential reversal. Trendline Analysis: In addition to the harmonic pattern, there is a significant Trendline acting as a dynamic resistance level, further supporting the bearish outlook. Entry and Stop Loss: Based on the analysis, a prudent entry point is identified at 0.64800, just below Point D. To manage risk, a stop loss is recommended at 0.65350, above the recent swing high and the pattern completion point. Take Profit Targets: Three take profit targets are set to capitalize on potential downward movement: TP-1: 0.64270 TP-2: 0.63740 TP-3: 0.63200 Risk Management: The risk-to-reward ratio for this trade is carefully considered to ensure favorable risk management. The potential profit targets offer a balanced reward relative to the risk taken with the stop loss. Conclusion: With the Shark Harmonic Pattern formation, along with the confluence of the Trendline and key Resistance level, the technical analysis suggests a bearish momentum in AUDUSD. Traders may consider entering short positions with the specified entry, stop loss, and take profit levels, keeping risk management principles in mind.
Short
by trading_jupiter
3
AUDUSD: The dollar headed for a second weekly gain amid interestThe US dollar is on track to gain for a second straight week today, underpinned by a strong US economy that has changed expectations for an interest rate cut by the Federal Reserve. The greenback's 0.17% gain for the week was tempered after Thursday's warning message from financial leaders in the US, Japan and South Korea regarding the weakness of the Japanese yen and won by South Korea, suggesting the possibility of coordinated intervention. Asian currencies have been hit particularly hard by a stronger dollar. Carol Kong, a currency strategist at Commonwealth Bank of Australia, noted the importance of the joint statement and acknowledged the growing possibility of Asian foreign exchange intervention. However, Kong expressed uncertainty about US involvement, arguing that a stronger dollar would h
Short
by Chart_MasterPro
AUDUSD: 03/04/2024 Please be informed that we should wait for the price to rise to our level and then wait for a clear reversal on the daily timeframe. Currently, we are observing strong bearish signals on the DXY, and due to the overbought condition on the DXY, the price is likely to decline further and undergo a significant correction. It is crucial to monitor the DXY rebound, as there will be news on Friday that will significantly impact USD pairs, including AUD. Wishing you the best of luck and safe trading.
Short
by Setupsfx_
4
AUDUSD - Bearish Trendline ChannelMarket Overview: At the 4-hour time frame, AUDUSD exhibits a robust Bearish Trendline Channel, suggesting a prevailing downward momentum. Currently, the currency pair finds itself positioned at a crucial residential level, adding weight to the potential bearish outlook. Entry and Stop Loss: Based on the analysis, a strategic entry point is identified at 0.65200, aligning with the broader downtrend and providing an optimal risk-reward ratio. To mitigate potential losses, a recommended stop loss is set at 0.65600, strategically placed to protect against adverse market movements. Profit Targets: Regarding profit-taking levels, two targets are outlined: TP-1 at 0.64850 and TP-2 at 0.64480. These levels are chosen based on technical support and resistance areas, aiming to capture potential downward price movements within the established trend. Conclusion: In conclusion, the technical analysis suggests a bearish bias for AUDUSD, with a calculated entry point, stop loss, and profit-taking levels in line with the prevailing market dynamics. Traders are advised to execute with caution and adhere to risk management principles. Disclaimer: This analysis is based on current market conditions and may be subject to change as new information becomes available.
Short
by trading_jupiter
AUDUSD: Asian foreign exchange was little changed ahead of key dDollar constant with PCE inflation and Fed remarks in focus The greenback index and greenback index futures fell throughout the Asian consultation on Tuesday, extending in a single day losses because the dollar noticed a few profit-taking after growing to an intraday high. one month. Still, investors stay closely biased in opposition to the greenback in advance of key inflation and Federal Reserve alerts this week. PCE fee index data - the Fed`s desired inflation gauge - may be launched on Friday and is broadly anticipated to persuade the primary bank's hobby price outlook. Along with PCE data, speeches from key Fed officials, consisting of Chairman Jerome Powell and FOMC member Mary Daly, may also be launched this week.
Short
by Chart_MasterPro