AUDUSD - Bearish continuation ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we can see bearish continuation as price took buy stop liquidity and rejected from bearish order block + institutional big figure 0.68000. I will look for shorts position on lower timeframe.
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Audusdshort
Bearish outlook on AUDUSD - 14 April 2023Price is testing a key resistance zone at 0.6780 on the H1 timeframe, which is in line with the 78.6% Fibonacci extension level. A pullback to this zone could present the opportunity to play the drop to the support zone at 0.6720, which coincides with the 23.6% Fibonacci retracement level. Price is hovering below the 20 EMA and MACD is showing bearish momentum, supporting our bearish bias.
AUDUSD: Affection!Greetings to all traders! I have some valuable trading-related information that I would like to share with you ❤️
My prediction is that the Australian Dollar will be influenced by the state of global growth and China's economy, without leaving out any crucial information. I anticipate that as China's economy reopens and experiences more robust growth, the Australian Dollar will strengthen as well.
Stronger growth in China as its economy continues to fully reopen to support Aussie
AUDUSD Potential Short SetupI'm currently looking for a nice potential short setup for AUDUSD. Price is reaching is into a 4H supply zone which correlates perfectly with the Head & Shoulders pattern. In this area I will wait for a Lower Timeframe Break of Structure at the 5 minute TimeFrame. After the confirmation i will enter the trade at a LTF Order Block
The Australian Dollar to decline in price vs USD I've broken down an awesome short opportunity with some top-down analysis from the Monthly all the way to the 4H and we're able to see that Dailly structure has already been breached. According to the technical, price is prepared for a decline to lower weekly levels rather soon. Anytime clear Lower lows and lower highs are spotted, there's an immediate downtrend to become a part of. Let's ride the wave.
AUDUSD TRADE IDEA / DAY TRADE / SHORTThis is trade idea for AUDUSD Day Trade
-Sell below 0.66570 according to the confirmation that will occur.
-The Australian dollar held its recent decline to below , coming under pressure from the latest US payrolls data which pointed to a tight labor market and raised the odds of another interest rate hike from the Federal Reserve in May.
-Risk Reward 1:2
AUDUSD- Two Possible Area to SELL!AUDUSD showed extreme bullish price action yesterday due to AUD being strongest currency while as DXY is still preparing for NFP this week it will good to see how it will affect dxy going forward. There are two possible areas where we can go short the second scenario is for if we NFP takes us out.
audusd shorthere is my audusd short idea
its based on
we bounced back from .6720 already four times, we couldnt break it to make or hold new highs, wednesday 22nd huge bullish fakeout candle to stophunt all short orders
currently middle of london session, ny will start in 2 hours, usually 2-3 before session start are best oppertunities to place orders
im thankful to see how this setup plays out
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 0.7127 level. After that, if the MARKET RISK OFF, AUDUSD can SELL to the AUDUSD 0.6642 LEVEL if the 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.
AUDUSD - Re-entry on sell for RRR of 8.8:1Hello everyone! Hope you all had a great weekend and Ramadan Kareem all.
I found a great sell opportunity for FX:AUDUSD beginning of the week that got taken out quite easily but found a possible new entry. Entering at prices as mentioned on the charts. Risking 1% for 8.8% profit. Keep in mind, when invested amount is made, I will book some profits and let the rest run. Good luck!
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Together we win!
Regards,
Enzo
AUDUSD BuyAccording to the latest inflation report, Australia’s CPI has fallen from the record high of 8.4% in December to 6.8%, indicating that the inflation rate is quickly subsiding. However, the recent oil production cuts implemented by the OPEC+ cartel threaten the recent gains made by most countries fighting inflation.
RBA Governor Phillip Lowe said that the central bank recognises that the impact of its rate hike would take time to be felt across the economy. Therefore, the RBA was still monitoring the impact of its rate hikes on the economy before plotting its next course of action.
The decision not to hike interest rates was taken to give the RBA time to continue assessing the impact of previous rate hikes on Australia’s economy. The reserve bank governor said the opportunity to achieve a soft landing for the economy was narrow.
AUDUSD h1 price is in an uptrend. After a short correction yesterday, the pair is now showing signs of continuing its upward move. Recommended buy to current price 0.6755, SL: 0.6720, TP: 0.6800
AUDUSD BuyThe Australian dollar has initially fallen during the trading session on Monday, but then turned around to go straight up in the air. By doing so, the market has slammed into the 50-Day EMA, causing the market to struggle with a major technical level. Keep in mind, the area between the 0.67 and 0.68 level has been extraordinarily important in the recent past, and a break above the 0.68 level would be a major victory for the Aussie dollar.
If we do break above the 0.68 level, the first target will be the 200-Day EMA, which sits just above there. Alternatively, if we turn around right here, we could see the market down to the 0.67 level again. Anything below the candlestick for this massive day on Monday would obviously be very negative, and I think at that point you would have to start selling hand over fist. There is an argument to be made for some type of bearish flag trying to be formed, but you can also still make an argument for an ascending triangle. Because of this, I suspect that retail traders will continue to be somewhat confused, and therefore we will continue to see a lot of conflicting opinions.
AUDUSD h1 main trend is still bullish. However, now traders need to wait for another deep correction of this pair to have the best buying opportunity. Recommended to wait to buy to 0.6750, SL: 0.6710, TP: 0.6820
AUDUSD - Sell idea for a 10:1 RRRHello everyone! Hope you all had a great weekend and Ramadan Kareem all.
I found a great sell opportunity for FX:AUDUSD . Entering at prices as mentioned on the charts. Risking 1% for 10% profit. Keep in mind, when invested amount is made, I will book some profits and let the rest run. Good luck!
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Together we win!
Regards,
Enzo
AUDUSD ShortWe are looking at AUDUSD Shorts,
We are aware of the BRICKS news going around on Instagram however that's nothing new rn it has been online going around since 2015, and we may or may not see the debasement of the dollar in our lifetimes... Dollar, USA is an "empire" of sorts. They have the ultimate power over their currency allowing themselves to print as much as they need... (Yes we are aware that this is a double-edged sword...)
The outflow of peoples savings from deposits to the MFF (Money Market Funds) are the biggest in decades. MFFs are for example the US Treasury (Yanet Jellen).....
Please don't hesitate to discuss with us! We love some good discussion in the comment section!
AUDCAD 31 March 2023Analysis:
Inverted Cup and handle in 1 hr time frame
In 4 Hrs Time frame possible Head and Shoulder
neck line intact. In 1 hour also Bearish Flag in
process but still lowest point of flag in not breached.
Short Call, Short on strength bases.
TRADE PALN:
SELL STOP 0.90399
STOPLOSS 0.91046
TARGET 1 0.89783
TARGET 2 0.89149
AUDUSD SHORT PREDICTIONHere's a nice short trade over a long day to end off the week. Hopefully get in some end of week profits before day ends.
aaaand... now we wait....
AUDUSD gains to be capped at recent spike?AUDUSD -
Prices spiked higher and stalled at resistance in early trade.
Further selling pressure led to a reversal in price action.
The 200 day moving average should provide resistance at 0.6731.
The medium term bias remains bearish.
Previous resistance located at 0.6755.
Preferred trade is to sell into rallies.
24h expiry - We look to Sell at 0.6755 (stop at 0.6785)
Our profit targets will be 0.6675 and 0.6550
Resistance: 0.6780 / 0.6925 / 0.7160
Support: 0.6665 / 0.6550 / 0.6380
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possible sell set up for audusd price recently just broke the previous low , currently waiting for more confluences to take the short set up , if price break through the bearish orderblock level , sell set up won't be valid .waiting for London open and sign of bearish candlestick pattern for me to execute the trade set up .
looking at dxy overall market structure , price fail to break low as well , which mean im looking at usd strength to be bullish and currency pair that involve usd strength to be bearish . if audusd appear to have a bearish kangaroo tail . will be taking the trade set up with a very tight stop loss at the previous high . target will be at the next major reversal level
for a valid kangaroo tail , price must have a small candlestick body with a long wick that's 1/3 of the overall candlestick pattern
valid orderblock level , require 3 main structure
1) break of previous structure ( high or low) min timeframe at 1H
2)imbalance waiting to be filled
3)must be engulfing pattern to be consider as a orderblock .(bearish or bullish )
waiting for London open that's when all the volume.