AUDUSD | BREAKOUT & RETESTAUDUSD had been trading in a bearish parallel channel. Recently price has defined its swing low at 0.66800 where a bullish hammer formed (Bullish Candlestick Pattern).
Currently, the price has given a breakout from the falling channel and may come to retest the 23.6% fib level. Bulls must hold the support and move the price in an upward direction from here.
Trade your levels accordingly
Audusdsignal
AUDUSD: Gains will be capped!AUDUSD
Intraday - We look to Sell at 0.6880 (stop at 0.6930)
We are trading at overbought extremes. A Doji style candle has been posted from the high. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies.
Our profit targets will be 0.6730 and 0.6540
Resistance: 0.6970 / 0.7130 / 0.7315
Support: 0.6780 / 0.6540 / 0.6000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
AUDUSD Short: Bearish Engulfing on 1Hr TimeframeTrend: Downtrend according to DOW theory a series of LL and LH
Reason for Taking Short: A formation of Bearish Engulfing Candle at the LH of the trend right at the resistance level indicates a downfall in the price.
SL: At the privous LH of the trend.
TP1: At the nearest support of the trend.
TP2: Nill.
AUDUSD A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed ( 0.69500 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: AUDUSD Waiting for the Range Bound and the beginning of the Ascension Trend.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently AUDUSD is going down very fast. The reason for that is the VIX UP and the strength of the dollar. A MARKET FEAR about the economic recession is currently underway.
- Thus COMMODITIES are going down. It also affects AUSD very strongly. The Australian dollar was shown as the WEAK CURRENCY of CURRENCY STRENGTH.
- AUDUSD can move further until it reaches 0.6670 LEVEL. And after that, if the MARKETS RISK is ON, you can definitely BREAK the TREND LINE in AUDUSD and BUY up to the 0.7212 LEVEL.
AUDUSD Idea for next month.Hi there!
Despite interest rate hikes in Australia, the AUD / USD pair appears to be at the lowest levels since May 2020. This is in the 0.69-0.68 region that was tested last week. The weakness of the AUD may be related to both declines in industrial commodity prices amid concerns about inflation ,
and the US Federal Reserve may raise interest rates faster than the RBA.
Today I would like to present to you my analysis of the AUDUSD currency pair.
According to my careful analysis, we can expect a move of over 650 pips.
If you would like to learn to analyze the market according to financial institutions, feel free to write to me.
DONT MISS IT looking for short on AUDUSD expected it will break daily support in us session. trade wisely and use proper risk management 15 pip stoploss from the greenzone.have a nice day my friends