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Audusdsetup

AUDUSD Technical Analysis And Trade IdeaThe AUDUSD pair has been showcasing a robust bullish trend recently. Our focal point narrows down to the 1D and 4H time frames, strategically aiming to pinpoint the most advantageous entry positions amidst a substantial price swing that is expected to undergo a retracement phase. Our primary focus revolves around identifying retracement levels within the 50% to 61.8% Fibonacci zone, an area we favor for optimal entry opportunities. This video delves into the intricacies of price action, market structure, and overarching trends, unveiling pivotal insights into technical analysis. Throughout this analysis, we delve into crucial elements: market structure dynamics, nuances of price action, trends' patterns, and fundamental technical analysis components. It is crucial to underline that this content serves purely educational purposes. Therefore, it is imperative to refrain from interpreting it as financial advice.
Long
by fxtraderanthony
AUDUSD - W1 strong support approaching Analyzing the weekly chart of AUDUSD, our outlook anticipates a price decline toward the lower boundary of the channel, which also coincides with the 88.6% Fibonacci retracement level. We expect the Australian dollar (AUD) to establish strong support at the 0.62750 level. Following this expected support, our projection foresees a robust upward movement toward the 0.66700 level. Our initial stop-loss will be set at 0.61700, positioned just below the previous low recorded in October 2022. This stop-loss level is approximately 1.5% below our anticipated entry point. Importantly, this trade maintains a favorable risk-to-reward ratio of 1:4. Please remember that trading carries inherent risks, and market conditions can change swiftly. This analysis is for informational purposes only and should not be considered as financial advice. Always exercise prudent risk management and consider various factors when making trading decisions.
Long
by Coder775
1
AUDUSD BUY - High probability tradeHi Everyone, it's been a while but I'll slowly get back at posting my trading ideas here. Today's setup is on AUDUSD. AUD has had a good rally with the US Dollar weakness, which is currently retracing and reaching a key level. My Setup takes into account the 50% Fibonacci retracement as well as 0.65200 area of previous resistance that could be tested as a support to continue to move price up! I'm placing my stop loss below the Order Block that broke recent structure - in case the market does not respect that level, this setup will no longer be valid and we should look for another opportunity. However, I think this is a great trading idea with added confluences! Let me know your thoughts! Good luck! Cheers, Gaspar_Trader
Long
by Gaspar_Trader
AUSSIE RALLY IS STARTING! [AUDUSD] LONG POSITIONIntroduction: The AUD/USD currency pair is exhibiting compelling signals hinting at a potential trend reversal, with a particular focus on the recent price action and key technical levels. Current Status: As of the close of the New York session, the price has firmly held ground at 0.65100, maintaining its position above crucial support levels. A noteworthy observation on the daily timeframe is the rebound from the 31.8% Fibonacci retracement level, signaling resilience in the bullish sentiment. Structural Shift: The narrative evolves further when examining the structure of the market. From early November, there was a notable Break of Structure (BOS), suggesting a shift in market dynamics. However, as of November 16, a Change of Character (CHOC) is evident, signaling a potential reversal in the prevailing trend. 4-Hour Bullish Momentum: Zooming into the 4-hour timeframe, candlestick patterns reflect a robust bullish trend. Multiple bullish candles with few wicks rejecting the 0.65150 zone, coupled with positive volume, create a compelling case for an imminent breakout. The 0.65150 level, appearing as a psychological barrier, is poised for a potential rupture. Long Position Opportunity: Considering the current dynamics, there appears to be a Long Position opportunity on the horizon. A favorable entry scenario is anticipated if the price successfully breaks the 0.65150 zone and undergoes a retest, confirming the newfound support. This setup presents a potential profit target of approximately 80 pips. Intraday Insights: During the overlap of the London and New York sessions, the price action adds another layer of intrigue. A Hammer candlestick followed by a Belt candlestick suggests a tussle between sellers and buyers. Despite the sellers' attempt to push the price down, the momentum from buyers appears to be gaining strength, setting the stage for a potential rally. Conclusion: In conclusion, the AUD/USD pair is displaying multiple indicators signaling a potential reversal and the initiation of a bullish trend. Traders are advised to closely monitor the 0.65150 zone for a breakout, and consider a Long Position with a retest confirmation. The recent price action, structural shifts, and intraday patterns collectively contribute to a compelling case for a rally in the Aussie.
Long
by e11p
1
💡 AUDUSD: Impacted by increased interest ratesThe Australian economy is facing significant challenges due to the rising domestic interest rates, placing immense strain on its economic stability. Despite ongoing global economic uncertainties, Australia has been unable to evade the repercussions, leading to a continuous decline in the Australian dollar over the past five trading days. Despite the apparent stern stance of the Reserve Bank of Australia (RBA) in its policy, investors remain skeptical, providing minimal support to the Australian dollar. Many are unconvinced of the likelihood of an actual interest rate hike, with consensus suggesting that such a move is improbable until at least May, two years from now. Recent trends in the AUD/USD pair indicate a potential bottoming out followed by a rebound. The Moving Average Convergence Divergence (MACD) has displayed a golden cross formation beneath the zero axis and is now trending towards the 48-hour moving average. However, the future trajectory of the Australian dollar remains contingent on the upcoming US Consumer Price Index (CPI) data for October. Should the data bolster the US dollar, it is anticipated that the Australian dollar will continue its downward trajectory.
Short
by Stone_Haven
AUDUSD Technical Analysis And Trade IdeaIn this video, we conduct a thorough analysis of the AUDUSD currency pair, delving into the prevailing upward momentum observed in both the monthly (1M) and weekly (1W) timeframes. This currency pair has encountered a notable resistance level, signaling the potential for an impending retracement. Throughout our discussion, we will explore the nuances of technical analysis, providing valuable insights into effective forex trading strategies. It is of utmost importance to emphasize that the information presented in this content is exclusively intended for educational purposes and should not be construed as financial guidance. Engaging in the currency market carries inherent risks, underscoring the critical need for implementing robust risk management techniques within your trading plan.
Short
by fxtraderanthony
Currency Watch: AUDUSD of interest for next 2 weeks? There are two weeks left until the Reserve Bank of Australia (RBA) decides whether to enact another rate hike (on November 7). And, yesterday’s Australia Consumer Price Index (CPI) might have made the trading in the lead up to this decision more interesting. The CPI figures show a quarterly inflation increase of 1.2% and an annual increase of 5.4%, raising pressure on the RBA to consider another interest rate hike. But, is the conviction to hike any more really there? RBA's newly-appointed governor, Michele Bullock, delivered a strong message during her public address yesterday, warning that the bank won’t hesitate to raise interest rates if inflation doesn’t behave itself. The Commonwealth Bank of Australia and ANZ have both now revised their rate pause view. Both now see a 0.25% hike in November. Similarly, traders are predicting a 65% chance of a rate hike next month too. The RBA would be one of the very few central banks still hiking, which might add some fuel to AUD bulls (Markets think that both the US Federal Reserve and the European Central Bank are done with hiking). On the back of higher-than-expected inflation data, the AUD appreciated toward a strong resistance at 0.63995, hitting its strongest levels in almost two weeks. However, sellers came into the market here, and have since pushed the pair below where it started yesterday, keeping its long-term downward trajectory intact.
by BlackBull_Markets