AUDUSD | New perspectiveWith a key level identified at 0.74250 on the 4H timeframe; this level could be a yardstick that will guide us into the expected bullish momentum we are looking forward to if it finally happens. In this video, I have explained my doubts and expectation as price action is been monitored going forward.
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.
Audusdsignals
AUDUSD close to breaking bullish long-termThe AUDUSD pair has turned bullish on the medium-term since it broke (firstly) above the dashed Lower Highs trend-line (similar to the September-October 2020 fractal) and (secondly) above the 1D MA200 (orange trend-line), which has been intact since July 06 2021.
The 1D MA50 (blue trend-line) is supporting and right now the pair is attempting the most important test on the long-term, the Lower Highs trend-line of the Channel Down, which is the dominant (bearish) trend since the start of 2021. If broken, expect a Resistance 1 test (0.75570) initially, as long as the Higher Lows trend-line and the 1D MA50 are supporting. A 1D candle closing above the Resistance 1, can initiate a 0.78235 test, which is the Symmetrical Resistance of the September-October 2020 fractal.
On the other hand, a 1D candle closing beow the Higher Lows trend-line, is a sell signal towards the 0.70000 Support.
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AUDUSD | Perspective for the new weekThis will be my first long term perspective on this pair as I have waited a whole 2 months to identify a double bottom structure within a strong demand zone that has held price "supported" since July 2020! The strong memory for buying tendency at $0.7000 is a clue for an opportunity to buy the Aussie in the coming week(s). The Aussie advanced for a third consecutive week and is currently trading at around the $0.717 area - my key level, as lack of demand for the USD looms despite the dismal ruling mood.
Tendency: Uptrend (Bullish)
Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom)
Observation: i. From the weekly perspective, it is obvious that the Aussie has been on a decline (12.63% drop) since February last year.
ii. And the price is back to the $0.7 area two consecutive times (December 2021 and January 2022) resulting in the appearance of a double bottom structure in a zone that has a strong memory for buying power.
iii. The double bottom pattern is a technical analysis charting pattern that describes a potential change in trend and a momentum reversal from prior leading price action which has lasted for a whole year.
iv. Even as we await a confirmation which will happen if the price break above the resistance level which is the neckline at $0.72750; Above the key level at $0.71700 remains a comfortable area to take advantage of the bullish bias identified with an opportunity to add to our exiting position at a breakout/retest of the bearish trendline.
CAUTION: Considering the long term bearish momentum on this chart, it is advisable that we remain conscious with our positions as any break below the demand zone at $0.7 will negate the bullish narrative... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 350 pips.
Risk/Reward : 1:4
Potential Duration: 15 to 25days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
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 The 1D MA200 is the pivot levelAUDUSD has been trading within a Channel Down since the February 25 2021 High. The price has been rallying since the December 06 low and it trading above the 1D MA50 (blue trend-line) and towards the 1D MA200 (orange trend-line). The latter is the key technically, as it is a pivot point between the long-term bullish and long-term bearish trend.
A rejection there would also make a perfect Lower High on the Channel Down and should translate into a new round of long-term selling towards the 0.7000 Support and possibly lower to form a Lower Low on the Channel Down. On the other hand, if a 1D candle breaks and closes above the 1D MA200, that would be the first time since June 28 to do so, and should be considered a bullish break-out signal towards the 0.78235 Symmetrical Resistance.
The reason behind using those symmetrical levels is because the pattern since the October 28 Lower High resembles the formation of September - October 2020, when a break above the (dashed) Lower Highs trend-line, initiated a strong rally.
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AUDUSD |Still in Uptrend. Go long!When it comes to AUDUSD , right now price is staying near a demand zone and we already seen some rejections from that particular area, which clearly shows the signs of demand. From there we could expect a nice bounce off and good impulse to the upside. On the way to the upside, we should expect a resistance from T1, which was a previous resistance area. From there you may book the partial profit or close the position.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AUDUSD | Buy Opportunity. Get ready to get in!If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AUDUSD , I think we are going to see an upward movement. If you are going to go short now, make sure to place the stop below the previous support area .
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AUD/USD WILL PUSH DOWNAUD / USD (Australian Dollar vs US Dollar) Aussie dollar will make a new high around 50% area or 61% are which is shown on a chart and after that, we will finish (B) wave there and we will come down for making new low as a (C) wave.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
AUDUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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 ready to test the bottom of the channelThe aussie dollar pair dropped farther this week and it's ready for another drop down to test the bottom of the channel. If the channel fails to hold, we think that we can see farther down side. The coming week should be rather choppy as the market finds direction.
BEAR CASE
One more drop down to test the bottom of the channel at 0.725 is needed before consolidation to find next big move. This move can be either to the downside or upside.
BULL CASE
From here, the correction upwards may be stronger before the dump comes, 0.73711 is good for a short if this scenario plays out.
AUDUSD Buy Signal long-termThis pair got rejected recently on the 1D MA200 (orange trend-line) as it was rising from August lows but right now is ahead of a strong bullish signal, which last time started a very strong multi-month rally.
That is the 1D MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross, which last time it happened on June 09 2020 started a Channel Up and never revisited that low. Based on this fractal I am expecting AUDUSD to hit the 1.5 Fibonacci extension by the end of this year and set a long-term Target Zone within the 2.0 - 2.5 Fib Zone by mid 2022.
So far this is in line with my multi-year view as posted in July:
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AUDUSD | Perspective for the new week | Follow-up detailsSince my last publication on this pair, the price moved 150pipos in our direction before the reversal began (see link below for reference purposes). The Greenback 5-months winning streak appears to have come to end. The appearance of a Double Bottom pattern coupled with the relaxation of COVID-19 restrictions in Sydney, Australia’s most populated city after a four-month lockdown appears to bring hopes for the Aussie in the coming week(s).
Tendency: Uptrend (Bullish)
Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom)
Observation: i. The visual representation of a line drawn over pivot highs revealed the momentum and prevailing direction of price action in the last 5 months.
ii. Since the beginning of the year 2021 (February to be precise), we witnessed a downward spiral in price action until the price hit a bottom around $0.71 - a level that appears to be difficult for sellers to break down.
iii. Following the test of $0.71 on the 20th of August 2021; the price found a higher low to signal the possibility of a reversal, the beginning of a potential uptrend and at the same time raise the expectation of a Double Bottom structure.
iv. The appearance of a Double Bottom pattern is an extremely strong reversal pattern that describes a change in trend and a momentum reversal from prior leading major or minor downtrend.
v. The Breakout of Bearish Trendline on the 11th of October 2021, gives more credibility to the Bullish bias as we anticipate a Breakout of Neckline @$0.74000 in the coming week(s) for confirmation details.
vi. In case a correction happens in the early hours/days of the new week, I have identified a window on the chart for buying opportunities between $0.73000 7 $0.74000 with an opportunity to add to our existing position at Breakout/Retest of Neckline... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 250 pips.
Risk/Reward : 1:4
Potential Duration: 5 to 10days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
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 Technical Analysis
⏳ Forex
💎 AUDUSD has formed a Bullish Flag. It has been rejected from the bottom of the flag and we see a large green candle which indicates we might see a Bullish move soon. After the breakout we will see a Bullish move.
💵 Invest Only 2% of your Portfolio
🎳 Entry at market or 0.73300
☕️ TP1 0.74090
🍺 TP2 0.75000
🚫 SL 0.72500
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AUDUSD | Perspsective for the new weekThe Aussie suffered the most on Tuesday after the Reserve Bank of Australia announced its decision to maintain its tapering plans, reducing its bond-buying purchases from A$5 billion to A$4 billion per week. Reaction after this decision is evident on the market as the price rejected $0.748000 to drop 1.81% during the course of last week trading session. In this regard, I am anticipating that the Aussie might turn bearish in the mid-term on a break below $0.73300.
Tendency: Downtrend (Bearish)
Structure: Breakdown | Supply & Demand | Trendline
Observation: i. The Demand zone which has held price "supported" since the beginning of the year 2021 was finally broken to the downside in June/July 2021 to set a bearish tone on the market.
ii. The line drawn above pivot highs is a visual representation that reveals the prevailing direction of price action since May 2021 and it appears price will continue to respect this line considering the current market structure.
iii. This been said, it is pertinent that I state here that the early hours/days of the new week might see a price climb to test either the Trendline (forming a Double Top) or extend beyond to reject Key zone at around $0.75300 and $0.76000 (61.8% retracement of Impulse leg) to incite a risk of further decline in price.
iv. And it is possible that this declination might transpose into a Harmonic pattern (AB = CD) with parameters explained below;
a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg.
b. The B- to-C is currently at a 50% retracement with the possibility of extending into 61.8% Fibonacci retracement of the A-to-B leg.
c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B leg @ around $0.68800.
v. So, at this juncture patience is indeed required as the market open will help us determine when it is most appropriate to hop in the decline train.
NB: Below Key level appears to be the safest area to take on a short position... Trade consciously!😊
Trading plan: SELL confirmation with a minimum potential profit of 350 pips.
Risk/Reward : 1:5
Potential Duration: 10 to 20days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
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 Testing the 1W MA200AUDUSD is testing the MA200 on the 1W time-frame (orange trend-line). Since the pair is coming off a Lower Highs rejection following the impressive rally since the March 2020 "COVID" bottom, the sequence displays many similarities to the last major rally off a bottom back in the aftermath of the 2008/2009 Mortgage Crisis.
As you see on the chart, following the October 2008 bottom, after a 1W Golden Cross, the price got rejected on the Lower Highs trend-line and pulled-back. It did find Support however just below the 1W MA200.
Today the situation seems quite similar. The 1W Golden Cross of early April formed a top on the Lower Highs trend-line and the price is currently testing the 1W MA200. Since the RSI is near the Symmetrical low trend-line of the 2010 bottom, it is very possible to find a Support around the current levels. A fair target zone is the 1.236 - 1.382 Fibonacci extension levels, which was where AUDUSD peaked in July 2011.
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AUDUSD | Perspective for the new week | Follow-upPrice has moved over 200pips in our direction since my last publication (see link below for reference purposes) and it appears there is still room for a rally in the nearest future!
The Aussie flourished against the Greenback on Friday by breaking the existing Supplication barrier @ $0.78000 to hit a new high in over a month. Figures were driven higher by surging commodity prices and a plunge in U.S. Treasury yields coupled with reports from U.S. jobs data release for April coming in well below expectations resulting in the Greenback hitting its lowest in more than two months. Current development suggests that the Breakout of Channel during last week trading session raises hopes of further rise in the coming week(s).
Tendency: Uptrend ( Bullish )
Structure: Breakout | Supply & Demand | Channel | Trendline
Observation: i. Following the Impulse leg (13th April 2021); The appearance of a Channel graphically represents the peaks and troughs of price action over the last 22 days.
ii. The Channel is also a clue to the indecision that prevailed in the market before culminating in a Breakout during last week trading session.
iii. I am of the opinion that this Breakout is a signal that a Bullish continuation is imminent hence the need to look out for an opportunity to take advantage of the rally.
iv. In this regard, I am anticipating that a correction into the $0.77400/0.78000 area in the coming week(s) could incite a trigger.
v. To be on the safe side for a rally continuation, anywhere above the Key level @ $0.77700 should be an appropriate zone to join the train and should price decide to dip further, I have identified Buy window II for buying opportunity.
Trading plan: BUY confirmation with a minimum potential profit of 180 pips.
Risk/Reward : 1:5
Potential Duration: 4 to 7 days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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 | Perspective for the new week | Follow-upMy last publication on this pair witnessed price moved over 100pips in our direction before the Bullish run began (see link below for reference purposes).
The Aussies started the week knocking against major Resistance at AU$0.76300 (Selling pressure) for 3 consecutive days before the breakthrough on Thursday. Considering the long-term Bullish expectation; The Aussie could be on the verge to recover ground as we might be in for a LONG Bullish ride as the price appears to Breakout of a Reversal pattern during last week trading session with emphatic moves from a very strong Demand level @ AU$0.7600 (check weekly chart).
Tendency: Uptrend ( Bullish )
Structure: Breakout | Supply & Demand | Reversal Pattern (DB)
Observation: i. The Bearish run that began mid-month appears to have found bottom @ AU$0.75800 as the continuous rejection of this level resulting in the appearance of a Double Bottom (a strong reversal pattern) followed by Highers Highs culminating in a Breakout of AU$0.72600 last week.
ii. AU$0.72600 level shall be my Key level and a zone having the tendency to pronounce a New Demand level for future buys.
iii. AU$0.7600/0.76200 appears to be an area to look out for completion of Correction of the last Breakout to buy; However, should price decide it's not dipping to this level, an area above Key level @ AU$0.726000 on lower time frames should be a good opportunity to join the rally.
iv. This been said, I and my team shall be looking for levels above key level to join the rally in the coming week... Trade consciously!:)
Trading plan: BUY confirmation with a minimum potential profit of 400 pips.
Risk/Reward : 1:8
Potential Duration: 7 to 12days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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 SELL @ BREAKOUTHELLO FRIENDS AS I CAN SEE AUDUSD IS REACHED @ 3 YEARS HIGHS AND HIT 0.8000 AS WE PREDICT IN OUR BUYING ANALYSIS ON THIS PAIR SUCCESSFUL ACHIEVE TPS
NOW ITS SHOWING US SOME BEARS IN HOUSE AND MAKING A $ GREEN BACK WITH SUPPORT OF US PASSING 1.9 TRILLIONS SHOWING US BEARS WILL PUSH THIS PAIR
TO MORE LOWER TILL DESIGN OUR NEW LEVELS
SO SELL ON CONFIRMATION OF TREND LINE AND A STRONG SUPPORT BROKEN ON LAST FRIDAY CLOSING AND TODAY IS NEW MONTH OPENING HOPE SO THIS MONTHLY CANDLE
AUSSIE PAIRS PUSH TO DOWN SIDE MORE FOR A LITTLE RETRACE CHART IS BASED ON 4 HR FRIENDS PUSH LIKE AND COMMENT IT HELP ALOTE TO PROMOTE THE IDEA TO MANY OTHER PEOPLES
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