DeGRAM | AUDUSD broke up dynamic resistanceAUDUSD has been sharply bought back again after reaching lower support.
Price has returned to the ascending channel and the dynamic resistance has been broken and now acts as support.
The downward structure has not been broken yet.
We expect a pullback after reaching the nearest resistance level.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Audusdsignal
AUDUSD: Asian foreign exchange was little changed, the dollar leThe greenback fell from a almost five-month excessive after Powell`s remarks
The greenback index and greenback index futures fell barely in Asian trading, extending in a single day losses after Federal Reserve Chairman Jerome Powell gave blended indicators on a reduce. lessen US hobby fees.
While Powell stated the Fed might subsequently reduce hobby fees later this year, he gave scant indicators at the timing and length of cappotential cuts. Powell additionally stated the crucial financial institution will want to be extra assured that inflation is shifting towards its annual goal of 2%.
Powell's remarks come simply in advance of key March nonfarm payrolls data, due out on Friday. Steady inflation and the electricity of the hard work marketplace are the Fed's largest issues in its capacity to reduce hobby fees.
Ahead of the hard work data, there has been additionally recognition on speeches from different participants of the Fed's hobby rate-placing committee. FOMC participants Michelle Bowman and Thomas Barkin will communicate at separate occasions afterward Thursday.
AUDUSD: 03/04/2024
Please be informed that we should wait for the price to rise to our level and then wait for a clear reversal on the daily timeframe. Currently, we are observing strong bearish signals on the DXY, and due to the overbought condition on the DXY, the price is likely to decline further and undergo a significant correction. It is crucial to monitor the DXY rebound, as there will be news on Friday that will significantly impact USD pairs, including AUD.
Wishing you the best of luck and safe trading.
AUDUSD - Bearish Trendline ChannelMarket Overview:
At the 4-hour time frame, AUDUSD exhibits a robust Bearish Trendline Channel, suggesting a prevailing downward momentum. Currently, the currency pair finds itself positioned at a crucial residential level, adding weight to the potential bearish outlook.
Entry and Stop Loss:
Based on the analysis, a strategic entry point is identified at 0.65200, aligning with the broader downtrend and providing an optimal risk-reward ratio. To mitigate potential losses, a recommended stop loss is set at 0.65600, strategically placed to protect against adverse market movements.
Profit Targets:
Regarding profit-taking levels, two targets are outlined: TP-1 at 0.64850 and TP-2 at 0.64480. These levels are chosen based on technical support and resistance areas, aiming to capture potential downward price movements within the established trend.
Conclusion:
In conclusion, the technical analysis suggests a bearish bias for AUDUSD, with a calculated entry point, stop loss, and profit-taking levels in line with the prevailing market dynamics. Traders are advised to execute with caution and adhere to risk management principles.
Disclaimer:
This analysis is based on current market conditions and may be subject to change as new information becomes available.
DeGRAM | AUDUSD correction after false breakoutAfter breaking through the ascending channel, the price unsuccessfully tried to return to its boundaries.
AUDUSD is now moving in a narrow range.
The asset is likely to try to return to the channel once again and then go down to retest the support.
We expect a bearish move.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
POTENTIAL TRADE SETUP ON AUDUSDHey Traders,
Check out this technical analysis on AUDUSD; it appears to be undergoing a small pullback, potentially indicating a bullish momentum continuation.
However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry.
Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area.
Keep a close eye on this.
DeGRAM | AUDUSD short opportunity from channel borderAUDUSD recently made a double bottom support level and broke and closed below it.
The price broke and closed below the ascending channel as well, indicating a trend shift.
The market is consolidating on the 4H timeframe, and price likely will retest the support by creating an equal, measured move.
We expect a bearish move.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
AUDUSD: Asian foreign exchange was little changed ahead of key dDollar constant with PCE inflation and Fed remarks in focus
The greenback index and greenback index futures fell throughout the Asian consultation on Tuesday, extending in a single day losses because the dollar noticed a few profit-taking after growing to an intraday high. one month.
Still, investors stay closely biased in opposition to the greenback in advance of key inflation and Federal Reserve alerts this week. PCE fee index data - the Fed`s desired inflation gauge - may be launched on Friday and is broadly anticipated to persuade the primary bank's hobby price outlook.
Along with PCE data, speeches from key Fed officials, consisting of Chairman Jerome Powell and FOMC member Mary Daly, may also be launched this week.
AUDUSD WYCKOFF PATTERN WITH STRONG SUPPORTHELLO FRIENDS
As I can see this pair is now testing a strong support zone and it can move upside from this area and if we see its also creating a harmonic pattern Wyckoff, we have a very low risk and higher reward entry here its just a trade idea share Ur thoughts with us.
StayTuned for more updates
AUDUSD SHORTAUD/USD (Australian Dollar - US Dollar) is one of the most frequently-traded currency pairs in the world. The AUD/USD rate, as shown in the real-time price chart, tells traders how many US Dollars are needed to buy a single Australian Dollar. Follow the AUD/USD live with the interactive chart and read the latest forecast and AUD/USD news to boost your technical and fundamental analysis when trading this pair.
Australian Dollar extends losses amid an improved US Dollar on Friday. The decline in the ASX 200 could have undermined the Australian Dollar. S&P Global Manufacturing PMI rose to 52.5 against the expected 51.7 and 52.2 prior. confirm signal
AUDUSD - Bullish continuation ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I expect bullish continuation after price filled the imbalance and rejected from trendline + support zone. This move is supported by weak USD after news.
Fundamental news: Tomorrow we will see results of Unemployment Rate on AUD, news with high impact on currency.
Like, comment and subscribe to be in touch with my content!
#AUDUSD: 500 pips buying opportunity with great Risk to Reward.AUDUSD, currently trading at the perfect area to take a swing buy entry, we already have two entries which are currently active. This can be a third entry, which is available to take right now with 100 pips stop loss and 700-800 pips as in take profit. Waiting for price to be extreme bullish in soon time.
Trade safe!
AUDUSD: AUDUSD prediction todayIn Australia, the Reserve Bank of Australia (RBA) is predicted to preserve hobby prices at its personal coverage assembly today, with nearby banks predicting no fee modifications till at the least overdue August. Carl Ang from MFS Investment Management commented that strong and guiding coverage prices are predicted amid excessive uncertainty, with a clearer inflation outlook wished earlier than any symptoms and symptoms of dovishness or fee cuts Which fee?
The Australian greenback observed a few guide early withinside the week from fantastic China records however remained beneath a two-month excessive of $0.6667 reached in early March on a robust US greenback move up. The New Zealand greenback additionally fell, buying and selling at $0.6079.
The euro rose barely 0.02% to $1.08735 and the British pound fell 0.05% to $1.2723. The greenback`s restoration became fueled with the aid of using current US monetary records displaying continual inflation, inflicting traders to re-evaluate their expectancies approximately the Fed's direction to hobby fee cuts.
The Fed's upcoming coverage choice this week is likewise in focus, with markets searching out symptoms and symptoms of whilst the crucial financial institution may begin slicing hobby prices. Goldman Sachs leader economist David Mericle has adjusted their forecast, now projecting 3 fee cuts with the aid of using 2024, down from four.
The greenback index, which tracks the dollar towards a basket of currencies, rose 0.02% to 103.60, after hitting a two-week excessive of 103.sixty five withinside the preceding session.
AUDUSD
AUDUSD appears to be exhibiting a bullish bias on the 4-hour timeframe, potentially following a bullish flag pattern alongside Elliott Wave theory indicating a completed 12345 sequence. The recent upward movement is supported by a retracement of approximately 61% within the context of Elliott Wave's fourth wave completion, suggesting further upward momentum may be likely. Traders could monitor for confirmation signals to capitalize on potential bullish opportunities in the near term.
AUDUSD LONGAUD/USD (Australian Dollar - US Dollar) is one of the most frequently-traded currency pairs in the world. The AUD/USD rate, as shown in the real-time price chart, tells traders how many US Dollars are needed to buy a single Australian Dollar. Follow the AUD/USD live with the interactive chart and read the latest forecast and AUD/USD news to boost your technical and fundamental analysis when trading this pair.
Australian Dollar extends losses after stronger US PPI data. Australia's S&P/ASX 200 Index tracks losses on Wall Street overnight. People's Bank of China has maintained the 1-year MLF rate at 2.5%. US Dollar strengthened as the Fed is expected to prolong its higher interest rates.
The Australian Dollar traded near 0.6570 on Friday. Immediate support is seen around the 50.0% retracement level of 0.6555, which aligns with the major support at 0.6550. A breach below this level could exert downward pressure on the AUD/USD pair, with potential support at the 61.8% Fibonacci retracement level of 0.6528, followed by the psychological level of 0.6500. On the upside, the AUD/USD pair may encounter a barrier around the nine-day Exponential Moving Average (EMA) at 0.6583, preceding the psychological barrier at 0.6600. A breakthrough above this level could lead the pair to revisit the weekly high of 0.6638, followed by the major level of 0.6650.
DeGRAM | AUDUSD structure based tradeAUDUSD is near the major support level on the 4-hourly chart.
Price action is decelerating while approaching the support level and 141.4% fibo extension level.
There's a high chance that price bounces off the support if price creates a false break.
We expect a bullish move following the completion of the AB=CD.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
AUDUSD SELL CONFIRM SIGNAL AUD/USD (Australian Dollar - US Dollar) is one of the most frequently-traded currency pairs in the world. The AUD/USD rate, as shown in the real-time price chart, tells traders how many US Dollars are needed to buy a single Australian Dollar. Follow the AUD/USD live with the interactive chart and read the latest forecast and AUD/USD news to boost your technical and fundamental analysis when trading this pair.
AUD/USD managed to regain balance and leave behind two daily pullbacks in a row on the back of the renewed selling pressure in the Greenback and the generalized upbeat tone in the commodity galaxy.
If the AUD/USD breaks through the March peak of 0.6667 (March 8), a challenge to the December 2023 high of 0.6871 (December 28) may be on the horizon, followed by monthly tops of 0.6894 (July 14) and 0.6899 (June 16), all before the important 0.7000 barrier.
On the 4-hour chart, the door now seems open to the resurgence of the upside momentum. Against that, there is immediate hurdle at 0.6667, ahead of 0.6728 and 0.6871. On the other hand, further losses might put the pair on track to retest the 200-SMA at 0.6543, then 06477, and finally 0.6442. Furthermore, the MACD remains in the positive zone, and the RSI has climbed above 62. confirm signal
AUD USDAUD/USD (Australian Dollar - US Dollar) is one of the most frequently-traded currency pairs in the world. The AUD/USD rate, as shown in the real-time price chart, tells traders how many US Dollars are needed to buy a single Australian Dollar. Follow the AUD/USD live with the interactive chart and read the latest forecast and AUD/USD news to boost your technical and fundamental analysis when trading this pair.
AUD/USD is trading on the front foot while above 0.6600 in Asian trading on Tuesday. The pair stays supported by a weaker US Dollar and an improvement in risk sentiment even as traders refrain from placing fresh bets on the Aussie ahead of the key US CPI data release confirm chart
AUDUSD: Dollar steady, CPI data awaitedThe dollar index and dollar index futures steadied above the 102 level on Monday, after recording sharp declines last week.
The greenback was beset by comments from Fed Chairman Jerome Powell that the central bank was close to having enough evidence of easing inflation. Powell also made clear that he does not expect inflation to reach 2% to begin considering interest rate cuts.
Adding to this pressure, data on Friday showed nonfarm payrolls rose more than expected in February. But January's figures were revised significantly lower, while other figures showed unemployment rising, suggesting the labor market has cooled somewhat.
Powell's comments kept markets more focused on Tuesday's CPI data, especially as several other Fed officials also signaled that any rate cuts by the Fed would depend largely on the path of inflationary
AUDUSD high probability possible 1000 pips tradehello guys ,
today we are looking at AUDUSD , this pair provides a very good opportunity for a bullish setup
on the daily tf the price made a double bottom and broke its neckline however on friday the daily candle closed as an inverted hammer.
it is possible that the price might pullback towards the neckline to do a retest that also overlaps with the 4h orderblock which is going to be my point of interest and my entry point . id wait for confirmation to enter on 50% of the OB.
AUDUSD
In the AUD/USD 4-hour timeframe, a bullish trend appears imminent following a falling wedge breakout after completing its 5th wave. Currently, the pattern seems to conform to an ABC correction, with the last impulse correction nearing 78% completion. A breakout confirmation from the bullish flag pattern suggests a favorable entry point for traders anticipating further upward movement.