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Audusdsetup

AUDUSD 31May2023there is still a fairly strong bearish pressure, and there is no sign of a reversal. we can argue that the price entered wave 3 with the invalid area boundary in notation (4). special note, even though the price is likely to go up and higher than the invalid area, it does not necessarily mean that the price has reversed. the possibility is that the elliot notation is not correct and the price is still in a bearish period, it's just that he has an upward correction. so, be careful friends when deciding to go long later.
by Hokusai_FX
AUDUSD Possible sell zone!Currency Pair : AUDUSD Possible direction : Bearish Multiple-timeframe Analysis : Daily : Price has broken out of 2 daily candles high and grabbed liquidity Monthly: There is strong rejection from 2 monthly resistance level. Weekly: Price has formed strong weekly doji and price may test the half wick and possible drop. 4H: In this timeframe price grabbed liquidity 2 times from important level of resistance and price may continue to drop to the support level to the direction of the trend. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy.
Short
by ForexWizard01
AUDUSD Rising LONGOn the 4H chart, AUDUSD is rising over the intermediate term volume profile POC and ascending the anchorded VWAP bands as well; Price rose from undervalued to fair-valued on the VWAP bands. The Chris Moody RSI indicator flashed a a pair of buy signals and RSI rose over the 50% line. Another good sign is price is approaching a volume void /gap on the volume profile. Finally there was a mild volume spike when price reversed from the bottom of the high volume area on the profile. I am looking for rising price action in the intraday upcoming once both London and New York sessions are overlapping.
Long
by AwesomeAvani
Trading Opportunities in AUD/USD This WeekOn Monday, the US dollar increased to nearly a two-week high against a range of currencies as the Federal Reserve is expected to raise interest rates by 25 basis points later this week. The dollar also gained on Friday due to elevated core inflation in March. This week, investors will be focused on whether the Federal Reserve plans to halt interest rate increases after May or if another increase is possible later this year. Job data is also in play, with the JOLTS Job report expected to show a 200,000 drop in open jobs to 9.7 million, and the Non-Farm Payrolls report on Friday likely to show that 180,000 jobs were added in April. Traders might consider the AUD/USD trade this week as the Reserve Bank of Australia is anticipated to announce its latest interest rate decision today. While falling inflation figures in the March quarter might provide room for the RBA to pause on further rate hikes, the RBA remains cautious of high inflation and concerns about wage and population growth. Most economists and financial markets are predicting that the official cash rate will remain at 3.6%, but the decision could be a close call. The Commonwealth Bank forecasts a 25-basis-point increase, while NAB, Westpac, and ANZ all predict a hold. The Commonwealth Bank’s forecast coming true is what traders might like to look for in regard to trading opportunities. Minutes from the RBA's April board meeting indicate that the influx of 700,000 new arrivals could put considerable pressure on Australia's existing capital stock, particularly housing, resulting in higher consumer prices. While higher immigration could ease wage pressures in industries experiencing significant labour shortages.
by BlackBull_Markets
AUDUSD Trading Plan - 30/Apr/2023Hello Traders, Hope you all are doing good!! I expect AUDUSD to go Down after finishing the correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD - Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Even now, if RISK ON for AUDUSD happens in the near future, it can definitely go UP. Therefore, AUDUSD currently has an UPSIDE BIAS. Several RBA HAWKISH COMMENTS have been released. Also USD has become STRONG in short term with FED SENTIMENT. It will most likely be temporary. Therefore, STOCKS and COMMODITIES MARKETS are going down quite a bit. It is heavily influenced by the Australian dollar. And AUSTRALIA INFLATION DATA was very POSITIVE. Due to this, the RBA made a RATE HIKE. - It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go up to the level of 0.6884. After that, if MARKET RISK OFF, AUDUSD can SELL to AUDUSD 0.6500 LEVEL if MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. If the dollar becomes strong, you can sell until the level of 0.6552. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
by benny_marshall