AUDUSD Channel Down approaching its bottom. Time your buy.The AUDUSD pair is trading within a Channel Down pattern since the February 14 High and currently is close to completing the Bearish Leg to the new Lower Low. Our target is 0.64000, just above Support 1, where we will turn bullish again. The 1D RSI below 30.00 will be the ideal buy signal. The buy's target will be 0.66250, always below the 1D MA100 (green trend-line).
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Audusdsignals
AUDUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD Head & Shoulders but don't sell until the Support breaksThe AUDUSD pair is forming a Head and Shoulders (H&S) pattern on the 1D time-frame, having also completed a Death Cross (1D MA50 crossing below the 1D MA200) three days ago. This is a technically bearish pattern. We will stay bullish however, targeting 0.71500 until Support 1 (0.65665) breaks. In that case we will target 0.64000.
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AUDUSD Approaching a Resistance Cluster ahead of 1D Golden CrossThe AUDUSD pair is about to form a Golden Cross on the 1D time-frame (MA50 blue trend-line crossing above the MA200 orange trend-line), but is approaching the strongest long-term Resistance cluster. That consists of the 0.71400 August 11 2022 High and the 1W MA100 (red trend-line).
Being also near the top (Higher Highs trend-line) of the mid-October Channel Up, with the 1W RSI also near its March 2022 Resistance, it is more likely to see a pull-back towards the 1D MA50/200 and the bottom of the Channel Up, which will be the new long-term buy opportunity, targeting the 0.72685 - 0.72845 Resistance Zone. Any break above that Zone without pulling back, will be a buy break-out signal, targeting the 0.76650 April 05 High.
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AUDUSD-Hello Traders, hope you all are progressing and improving everyday so am I, here is quick look on #audusd the pair has been bullish ever since we had NFPs and CPI data, however, as we are expecting DXY to be bullish, in our opinion there is higher probability of dxy to be bullish in coming days and hey, trading is all about proability and knowledge right?. So let's use this setup to book some profit.
-What you all think about this pair?
-It would be really appreciated if you can show the support by liking the idea and following us!!!
AUDUSD aiming lower within the Bearish MegaphoneThe AUDUSD pair eventually turned bullish following our previous analysis as it broke above the 1D MA50 (blue trend-line) and as we mentioned, it targeted the June 03 Lower Highs trend-line (dashed) and the 1D MA200 (orange trend-line):
A closing above this trend-line will target the flat May 05 Resistance Zone. Until then, selling is favored as also shown by the 1D RSI sequence which repeats a very distinct pattern, showing that we are about to start the leg down. However it would be safer to do so upon confirmation, which can be given if the price breaks below the 1D MA50 again. In that case, our target will be the zone of the previous Low (0.62000) and the 1.236 Fibonacci extension (0.6000).
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AudUsd could rise towards 0.7After breaking above 0.65 resistance, AudUsd accelerated its gains and reached a local top at 0.68 in mid-November.
For the last 2 weeks, the pair was in correction and consolidation and has put a nice symmetrical triangle on our chart.
As long as the price stays above the up-mentioned resistance/now support, bulls hold the upper hand, and odds are in favor of continuation to the upside.
Buy dips against 0.65 could be a good strategy with a focus on R:R
AUDUSD | New perspectiveBuoyed by a weak US dollar, the Australian Dollar keeps rallying to close the week on a bullish tone. Going into the new, all eyes shall be on the RBA meeting minutes, Unemployment Rate, and Employment change to decipher if a breakout of the 0.67000 level will happen or not.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDUSD | New perspectiveThe U.S. dollar appears to be handing back some of its gains as buying traction was predominant during the course of last week's trading session.
It is also worth noting here that the Dollar Index, which tracks the Greenback against a basket of major currencies fell by 0.1% to suggest the possibility of a retracement in the nearest future. Will the breakout of the $0.66300 turn out to be bullish for the new week?
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDUSD Repeating this fractal can get the price lower.The AUDUSD pair has been trading within a Bearish Megaphone since the August 11 High, which was a direct rejection on the 1D MA200 (orange trend-line). In the last two days, the price is pulling back again after a 2-week rally that pushed it near the top (Lower Highs trend-line) of the Bearish Megaphone and the 1D MA50 (blue trend-line). Technically a rejection there alone is a sell signal towards at least the October 13 Low.
With a more careful look and the help of the 1D RSI, we can see that the Megaphone's price action resembles the April 05 - June 06 sequence (so far). We have plotted that pattern on the Megaphone's price action and as you see, they are very similar. That fractal got rejected on its flat Resistance (black line) as the pair did now, and after dropping to the previous Low, it made a bearish extension near the 1.382 Fibonacci level.
The invalidation point of this projection is a closing above the Top (Lower Highs trend-line) of the Bearish Megaphone and the 1D MA50. In that case, we will target the June 03 Lower Highs trend-line (dashed) and the 1D MA200 (orange trend-line), a break above which, could target the flat May 05 Resistance Zone.
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