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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Audusdsignals
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
FOLLOW US FOR MORE UPDATES
AUDUSD SELL AFTER CONFIRMATION As i am watching this pair is trading near a resistance level and if it rejected from this level
and break the trend line then on confirmation of retested brokered support start sell on dips
with a small risk and aiming for a higher rewards
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AUD/USD: ELLIOT WAVE THEORY (EWT)AUD/USD started to rise from the support trendline. And it's made the Elliott wave pattern on the daily time frame. After the ABC correction, now it's trying to hit 0.7660 - 0.7700 - 0.7800 .
But what if it breaks the support trendline?
If it starts to fall, the targets will be 0.7400 - 0.7360 .
AUDUSD | Perspective for the new weekThere are possibilities that the Greenback might gain some ground against the Aussie in the coming week... Following the Bullish run; Price finally hits a peak @ $0.78200 at the beginning of the new year followed by successive Lower Lows channelled through a descending range culminating into a successful Breakdown of Key level @ $0.76800 last week.
Tendency: Downtrend ( Bearish )
Structure: Reversal pattern | Breakdown | Supply & Demand | Channel
Observation: i. Breakdown of key level @ $0.78600 during the course of last week trading session followed by an immediate rejection of this level signals risk of further decline in the coming week(s).
ii. The sharp rejection of $0.77000 level makes this level a new Supply zone to watch out for Shorting opportunity in the coming week.
iii. It is also worthy to note that the Breakdown of Descending channel @ $0.76000 reveals the strong tendency of Sellers at this juncture in the market and might also be a strong area for rejection after a successful Breakdown in the nearest future.
iv. Conscious trading might scream "patience" allowing a Breakdown to happen hereby looking forward to taking advantage of the rejection.
Trading plan: SELL confirmation with a minimum potential profit of 150 pips.
Risk/Reward : 1:3
Potential Duration: 1 to 5 days
NB: This speculation can be considered to make decisions on lower timeframes.
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.
Is AUD/USD in a Short Time Fall?Here's the AUD/USD 15m chart. It started to rise from the 19th of March,2020. The actual trend is positive. Right now, it's trying to hit 0.7732 , and for that, it has to cross 0.7728 . If AUD/USD keeps moving upward, then a target for the uptrend will be 0.7740 - 0.7749 .
But there is an absolute possibility of the reversal from 0.7732 (nearby level). And if there is a reversal or a fall, then a target for the short time downtrend is as following 0.7705 - 0.7690 - 0.7680 .
AUD/USD is Going To Hit The Support Soon.If you see AUD/USD on the daily timeframe, it's an uptrend. Here is the 15m chart of the AUD/USD, and it's moving upside with the fluctuations in the trend. It will fall to the following levels 0.7640 - 07630 - 0.7625 , and then it will take a reversal from the support. And after that, it will rise to the support level, and the targets are following 0.7635 - 0.7650 - 0.7670 - 0.7679 .
But if AUD/USD does not take reversal from the support and starts to fall by breaking the support( 0.7627 ), then the trend will hit the following levels 0.7610 - 0.7600 - 0.7580 .
Will AUD/USD Breaks the Support?Currently, AUD/USD is moving upward. It started to rise from the 19th of March 2020 and still moving upside. Right now, It's moving a little downside, and then it will again start to rise. The trend will rise to the following targets 0.7621 - 0.7635 - 0.7641 - 0.7700 - 0.7800 .
But what if it breaks the support and fall?
If it starts to fall by breaking the support then the targets for the fall will be 0.7598 - 0.7592 - 0.7580 .
AUDUSD SELL FROM WEEKLY RESISTANCE As i can see this pair has reached weekly @strong resistances level now expected a retrace from this zone
so we are entering on sell this pair for a small risk and higher rewards
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AUD/USD is Moving DownwardsIt is the AUD/USD 2hr chart. At present, it's rising by taking the support of the minor support trendline. The trend moves the same as the previous then, it will touch the following targets 0.7390 - 0.7422 .
But if we analyze the trend, it's trying to break the minor support. RSI also shows the downtrend. So, if it falls, the trend will reach the following targets 0.7340 - 0.7324 .
Is Aussie ready for a breakout ?Click the link in the "Yellow circle" to see the previous forecasts
As long as if it rejects the upper "white line," I reckon AUD will fall to the target, which could be below depends on the fundamental. Keep in mind; there are a few minor support in between.
This analysis fails if the candle breakout and close above the upper "white line."
Catalyst:
- AUD PMI
- US Flash Manufacturing PMI
- US CB Consumer Confidence
- AUD Construction Work Done
- US Prelim GDP
- US Unemployment Claims
- US Consumer sentiment
- FOMC
- AUD Private Capital Expenditure
- Covid-19 breaking news
AUDUSD | Perspective for the new weekIt has really been a while since I visited this pair but the current structure appears to be promising as I see a defiant level packed with selling pressure @ $0.73400.
The AUD/USD pair has continued in a predictive pattern with a second consecutive week in a tight 100 pips’ range since hitting its highest level in recent times @ $0.73400. Despite rallying during the trading session on Friday, we are still stuck in the same range giving the impression that Buyers at this juncture lack the momentum to push the price above its previous high @ $0.73400 hereby opening a window for a counter-trend possibility.
Tendency: Downtrend ( Bearish )
Structure: Channel | Reversal pattern | Supply & Demand | Trendline
Observation: i. Despite structure screaming "Bullish!", we might be in for a correction phase this week in anticipation of a rally continuation.
ii. $0.73400 level has been respected since the beginning of this month at six different occasions making this a strong Supply zone.
ii. A sharp rejection of $0.73200 level on Friday despite a rally insinuates there might be a Breakdown of Trendline in the coming week.
iii. With the high expectation of a Trendline breakdown @ $0.72700, I shall be keeping tabs on my Demand area @ $0.72200 for a significant Breakdown which shall confirm Correction of the Impulse leg.
Trading plan: SELL confirmation with a minimum potential profit of 200 pips.
Risk/Reward: 1:5
Potential Duration: 5 to 10 days
NB: This speculation can be considered to make decisions on lower timeframes.
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 WEEKWith over 250pips in our direction(see link below) before the correction, it appears we are in another opportunity to take a ride on the rally again. It is worthy to note the evidence of momentum building up at the Demand zone ($0.72500) as the AUD/USD pair recovered the ground lost at the beginning of the week on Friday, to settle and close above the Demand zone.
Tendency: Uptrend ( Bullish )
Structure: Trendline | Supply & Demand | Breakout
Observation: i. The line drawn under pivot lows emphasizes the prevailing direction of price as price touches and spring from the Demand zone.
ii. Breakout of Rejection Trendline is another confirmation that points at an Uptrend bias.
Trading plan: BUY confirmation with a minimum potential profit of 250pips.
Risk/Reward: 1:4
Potential Duration: 3 to 7 days
NB: This speculation can be considered to make decisions on lower timeframes.
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.
AUDUSD | MY PERSPECTIVE FOR THE WEEKWith over 200pips move in our direction since my last publication on this pair (see link below for reference purposes); It is interesting to know that the Aussie began the week with an edge over the USD before it headed lower before RBA Governor Lowe mentioned the need for more fiscal stimulus. Engulfing candles springing from my Demand zone after the speech is an indication for me that there is a positive side to the Aussie in the coming week(s) as Aussie bounces on the back of the USD drop with treasury yields.
Tendency: Uptrend ( Bullish )
Structure: Trendline | Supply & Demand | Breakout
Observation: i. The rally since march 2020 still appears to be strong as line drawn under pivot lows emphasizes the prevailing direction of price.
ii. Price has respected the Demand zone in the last 3 weeks and ranging above the Bullish Trendline.
iii. Looking forwrd to a Breakout/Retest of Resistance Trendline for confirmation as I keep my fingers crossed on this one!
Trading plan: BUY confirmation with a minimum potential profit of 200 pips.
Risk/Reward: 1:7
Potential Duration: 2 to 5 days
NB: This speculation can be considered to make decisions on lower timeframes.
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 NFTI takes 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.
NFT&I does 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.