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AUDUSD - SHORT SETUP - SELL The Stochastic Oscillator %K value is 84.92% and the %D value is 91.64%. Both values are above 80, indicating an overbought condition. This suggests that the price has reached a relatively high level and a pullback or reversal may be likely. The price is likely to retrace back to around .66300. From the Daily time frame, it is evident that the price is nearing a significant supply area. This suggests the possibility of a downward correction. We should observe whether the market will present us with a suitable trading setup. Please note that the information presented on TradingView is sourced from a third-party provider. It is important to remember that you are solely responsible for making trading decisions for your account. Trading involves a very high level of risk. Any information or content provided is strictly for research, educational, and informational purposes and should not be considered as investment advice, consultation advice, or an investment strategy. The information provided is not customized to meet the investment requirements of any specific individual, and it does not take into account the investment objectives, financial situation, or needs of any recipient who may access it. This is not financial advice and we are not responsible for your losses that may occur following our analysis!!! If you find this analysis of AUD/USD helpful, please give me a boost, or like to show your support. My first public Idea post
Short
by sultancoker
4
AUDUSD Correction inside Trend ChannelAfter my last AUDUSD idea was a success, I now think of a correction in the downtrend channel. Still, AUDUSD would need to break above the vital hurdle at the June and July highs of around 0.6900 to confirm that the trend had reversed to up from down. Until then, the path of least resistance remains sideways, within the recently well-established range of 0.6500-0.6900 Data due on Wednesday is expected to show that Australia CPI eased to 1.0% on-quarter in the April-June quarter from 1.4% in the January-March quarter, and 6.2% on-year in Q2-2023 from 7.0% in the previous quarter. On a monthly basis, CPI is expected to have eased to 5.4% on-year in June from 5.6% in May. Therefore, the bearish trend will remain suggested until now. My target is 0.67580
Short
by Alert_Me
5
AUDUSD to see a temporary move higher?AUDUSD - 24h expiry We are trading at oversold extremes. A Doji style candle has been posted from the base. A higher correction is expected. Short term bias has turned negative. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. We look to Sell at 0.6790 (stop at 0.6830) Our profit targets will be 0.6690 and 0.6620 Resistance: 0.6810 / 0.6890 / 0.7010 Support: 0.6620 / 0.6460 / 0.6380 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
AUDUSD Sell SetupHere is the reason why I am anticipating this sell: Weekly: -we have an initial push to the downside off the key institutional level at 0.69000 which provided a level of sell orders at the close of June -we are in a new sell cycle and have initiated sells in a strong manner, establishing momentum to the downside at the onset -this momentum is the key reason for the sell outlook -the weekly lows, clustering around 0.66000 institutional level are providing incentive for price to push further to the downside H4: -we are officially bearish on H4 -we had a strong drop at the close of the week, culminating at around 0.67300 round level -the next phase on H4 is most likely a bullish push to retrace the closed selloff impulse last week -after that I anticipate a sell into the next target, the -27% extension of the recent swing, making the target around 0.66890. This translates to my target of 0.66900 to be perfect for the setup Midrange/H1 -I anticipate a push into the mid-level order zone clear on H4 around 0.67800 -the key daily levels thereon portend a strong area of resistance and had been used before by price to keep the pair below this specific level (check daily chart) -since we formed an order zone hereon recently, I expect price to reach to these levels around 0.67800 then push to the downside, aiming for the strong order level from which the most recent highs came from, which is around 0.67782 and very much in the vicinity of the -27% extension This is the overall trade NOTE: this is just an opinion of mine and should not be construed as financial advice. Use your own analysis to come up with your own decisions.
Short
by lovinmulika
32,600 Jobs Added! Aussie Dollar Skyrockets!The Australian dollar has surged, driven by an impressive employment report that far exceeded expectations. In the month of June, Australia's net employment rose by a staggering 32,600 compared to the previous month, surpassing estimates by more than double. This development propelled the Aussie currency up by over 0.9%, reaching an intra-day high of $0.6834. The New Zealand dollar also rode the wave, gaining 0.57% to reach $0.6299. Both Antipodean currencies are now poised to reverse the losses incurred over four consecutive trading sessions. The current market sentiment favors the bulls, with both short and long-term momentum in their favor. Price action is trading above the 50 and 200-day moving averages, reinforcing the positive outlook for the Australian dollar. Elsewhere in the currency market, the sterling is doing its best to counter deep losses following a sharp fall in the previous session. The decline was prompted by Britain's inflation data, which fell short of market expectations. The British pound managed a modest recovery, trading 0.15% higher at $1.2958 in the latest session.
by BlackBull_Markets
AUDUSD continues to hold back the bulls.AUDUSD - 24h expiry 0.6900 has been pivotal. 0.6895 has been pivotal. 0.6900 continues to hold back the bulls. Preferred trade is to sell into rallies. We look for a temporary move higher. We look to Sell at 0.6889 (stop at 0.6921) Our profit targets will be 0.6809 and 0.6785 Resistance: 0.6837 / 0.6850 / 0.6890 Support: 0.6807 / 0.6787 / 0.6770 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
AUD/USD IS BEARISH STRUCTUREHowdy Traders, AUD/USD has experienced a bearish rally for the past nine days, during which it found strong support at 0.65735 . This support level has proven reliable in the past, as it successfully held the market. Furthermore, a subsequent bullish rally was observed. In terms of the target, the market has confirmed a bearish outlook by breaking the 100-day EMA. This indicates that the market is likely to continue selling. If the market sustained its support level so good movement is seen on the upside. The target is- 0.66220 , 0.66047
Short
by Money_Dictators
2
AUDUSD 240 MINS TIMEFRAME The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Short
by Tradelikemee
2