Aussie Dollar looks a little weak Mid September 2024
This is a trade idea Short that might work early this next week until the FOMC meeting on Thursday when the Aussie-dollar could in fact breakout to the upside on news of a US interest rate cut.
But do you ever get the sense and strange feeling that they have taken measures to now allow the greenback to fall lower as in recent weeks.....
5 Minute Chart:
Audusdshortsetup
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
4.26% AUD/USD Plunge: Short and Win!Technical Analysis:
Trend Line Breakout
Focus on Targets:
It is advisable to monitor the targets and their progress.
SL Touch and Re-entry:
In case the stop-loss (SL) is reached, and I decide to re-enter, I will share the details of my re-entry.
Feedback is Welcome:
Please feel free to provide your valuable feedback.
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 - 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 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.
#AUDUSD- ANOTHER GREAT ENTRY LAST SETUP HIT TPDear Traders, hope you are doing great, I have another great setup for you to take since our last setup on AUDUSD hit TP, Entry would be the area where it described as order block and stop should not be more than above the limit as described. TP has been arrowed.
Good Luck and Trade Safe!!!
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 0.7291. After that, if the MARKET RISK OFF, AUDUSD can SELL to the AUDUSD 0.7044 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start to fall further. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
aud will buy from trendline support As the current Situation Aud still looking buy if price hold thats trendline will see a bullish move towards 0.72 zone. Now price facing a strong resistance zone near 0.715 where we see price did not break and touch thats zone 2 times but failed to breaks that zone i am expecting price will come down a little to the 4h level and then continue its journey
be careful on mentioned zone
AUDUSD Long Term Predictions (4H Chart)Technical Analysis Summary
AUD/USD
TREND ANALYSIS
We have 1 Uptrend Trend in Green (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are levels that represent tight stoplosses or support and ressitance levels from the past to show old publications.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
AW Aussie Dollar Analysis - I'm Wrong Again, But Not Too Late...Thank you kevinsmyj for inspiring me to get my act to together to make this video!
The view has changed and rightly so...
Will this have consequences for my other ideas? The answer is yes.
It appears that the larger structure has not yet completed, and I now have reason to believe we need to make one more low for the larger Wave A.
The target: .61733.
Shorting from the highs with a stop above .69502 or less risk at .69245.
We are not out of the woods yet.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Due to RISK ON for AUDUSD, there is currently an UPSIDE BIAS for it.
AUD CASH RATE is about to be released. And the USD has become STRONG in the short term. Therefore, STOCKS and COMMODITIES MARKETS are going up a bit now. It is heavily influenced by the Australian dollar. And the AUSTRALIA INFLATION DATA was very POSITIVE that day. 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 0.7050 0EVEL. 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 to fall further. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
AUDUSD AUDUSD formed a good descending channel, price reaches major resistance area and price is currently respecting it, we are in corrective move and overall direction is bearish.
Dollar index is in corrective move and overall direction is bullish and price is currently on major support zone, AUD basket formed a bearish frag pattern on 24 hour time-frame.
that gives me a sign that we have to sell this pair but not for long-term. what's on your mind?
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Due to RISK ON for AUDUSD, there is currently an UPSIDE BIAS for it. The main reason for that is that the US ELECTION was won by the REPUBLICANS and the US CPI DATA is NEGATIVE. Therefore, STOCKS and COMMODITIES MARKETS are going up a bit now. It is heavily influenced by the Australian dollar. And the AUSTRALIA INFLATION DATA was very POSITIVE that day. 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 0.6850 level. And before that, AUDUSD can SELL to the 0.6447 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- According to the analysis we gave the previous day, the AUDUSD DOWN SIDE WAVE has been down about 125++ PIPS. We hope you get it anyway. It still went DOWN SIDE as we gave it yesterday.
- Currently the MARKET SENTIMENT for AUD is on the DOWN SIDE. But because the RISK is off for AUDUSD, there is currently a DOWNSIDE BIAS for it. The main reason for that is that the STOCKS and COMMODITIES MARKETS are now slightly DOWN due to MARKET RISK DOWN. It is heavily influenced by the Australian dollar.
- Definitely AUDUSD can go up to the high RESISTANCE LEVEL. The reason for that is because there is a good DOWN SIDE BIAS in the MARKET for USD. Accordingly, AUDUSD can go up to the 0.6850 level. And after that, AUDUSD can SELL to the 0.6670 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. Anyway, after that, AUDUSD can be BUY at 0.6997 LEVEL. So keep an eye on it.