Get started

Audusdsell

Aud / Usd executed well. can we sell now?Aud / Usd executed well. can we sell now? if you see my previous analysis history s3.tradingview.com The price respects the trendline well, with the price falling again when it hits the trendline resistance. On its way, the price has broken through the validation line to sell, I will run this trading plan, with an invalid limit at point D. with the meaning that, as long as the price does not exceed point D, I will focus more on finding opportunities to sell. this opportunity could bring us to the price of 0.68300 in the next few weeks. are you ready to sell?
by Hokusai_FX
1
AUDUSD-Daily (Bear is ruling the AUDUSD) Next levels to watchAUDUSD After reaching the year high around 0.74000 from yearly low around 0.56000 which is a 1800 pips rally. At 0.74000 it got some rejection and felled towards 0.70000 level which is a .786 Fibonacci retracement level and September 2020 low. From this point AUDUSD bounced back towards 0.72000 as a short term bullish correction. Currently the AUDUSD was driven by the risk sentiment and political developments around the world. In daily chart yesterday its leaves a gravestone doji which is a clear sign of continuation of the bearish trend and today Reserve bank of Australia governor Mr. Lowe hinted that RBA is ready to act to easy further and cut the rates even below zero to maintain the economy afloat. The unemployment rate was slowly increasing and the local economic development is facing some hurdles to recover from the pandemic shock. The recent political development with People republic of china will also weigh this Proxy pair Australia is heavily rely on the China for Both the imports and exports In recent days The Australian government is facing series of import bans. As the vaccine development facing some minor issues such as serious side effects on the candidates who are tested with pre approved vaccines has poured some cold water on the virus infection curtailment Around the world many countries are implementing the second, third tier lock down measures to contain the virus infection. These fundamental factors will drive the AUDUSD. And the Economic stimulus talks in the USA will also weigh on AUDUSD as the hope for stimulus talks worth around 1.8 Trillion was slowly waning which is will boost the strength of USD in turn AUDUSD will fall further .786 Fibonacci will act as next resistance for the Bearish trend. If this level was broken then the downside swing target would be 0.67000 which is comes around .618 Fibonacci retracement level and March 2020 High On Elliot wave theory the second wave was completed and the third wave was underway. I am expecting the 3rd will end at .618 Fibonacci level The price is well below the Point of control on visible volume profile range. Today daily candle close will decide the next upcoming movement of AUDUSD if the price closed below or at current level then it will leave a strong bearish engulfing candle Currently 100 Exponential moving average is holding this pair against further drop and the current price is well below the 20,50 Exponential moving averages. If the 100 EMA was broken then 200 EMA will act as major resistance for the bear. Relative strength index is well below the 50 And pointing towards south. MACD is about to turn red and going to cross the middle line 💌 Leave your valuable comments and suggestions related to this idea in the comment section. Thanks for your time. Good day guys 💝
by forexorbit
AUDUSD - SWING - 07. OCTO. 2020Welcome to our weekly trade setup ( AUDUSD )! - 1 HOUR Very bearish break and pressure. 4 HOUR Small pullback after breaking into the range. DAILY Overall good short entries, prices too high imo right now. - FOREX SWING SELL AUDUSD ENTRY LEVEL @ 0.71380 SL @ 0.72000 TP @ 0.70500 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
88
AUDUSD - Outlook 3 October 2020 - Are the bears ready?Hi all traders, This is a video analysis on AUDUSD. Are the bears ready to takeover, click into the video analysis and you see those levels as explained in the video. Take note of those levels as it would be important for you to have a look and trade safely for this pair. Cheers and thank you! ***Follow me on tradingview**** ****Like and share with all your friends for this video analysis**** Have a nice day all traders!
by FxTradingWarrior
3