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AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- According to the analysis we gave the previous day, the AUDUSD UP SIDE WAVE has been UP about 140++ PIPS. We hope you get it anyway. It is still moving UP SIDE as we provided.
- Currently the MARKET SENTIMENT for AUD is on the UP SIDE. But because RISK is ON for AUDUSD, there is currently an UPSIDE BIAS for it. The main reason for that is that STOCKS and COMMODITIES MARKETS are slightly UP due to MARKET RISK being ON. It is heavily influenced by the Australian dollar.
- It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. The reason for that is because there is a good UP SIDE BIAS in the MARKET for USD. Accordingly, AUDUSD can rise up to the level of 0.7042. And after that, AUDUSD can SELL to the 0.6670 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. audusd
AUD/USD: Direct Entry Available Now + Pending One Catch Them NowThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDUSD Multi-timeframe analysis,UPDATEDHello 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.
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AUDUSD Multi-timeframe analysis UPDATEDHello 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.
Press like button if you enjoy this content 😊
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- According to the analysis we gave the previous day, the AUDUSD DOWN SIDE WAVE has been down about 125++ PIPS. We hope you get it anyway. It still went DOWN SIDE as we gave it yesterday.
- Currently the MARKET SENTIMENT for AUD is on the DOWN SIDE. But because the RISK is off for AUDUSD, there is currently a DOWNSIDE BIAS for it. The main reason for that is that the STOCKS and COMMODITIES MARKETS are now slightly DOWN due to MARKET RISK DOWN. It is heavily influenced by the Australian dollar.
- Definitely AUDUSD can go up to the high RESISTANCE LEVEL. The reason for that is because there is a good DOWN SIDE BIAS in the MARKET for USD. Accordingly, AUDUSD can go up to the 0.6850 level. And after that, AUDUSD can SELL to the 0.6670 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. Anyway, after that, AUDUSD can be BUY at 0.6997 LEVEL. So keep an eye on it.
AUDUSD is in sell zone!!AUDUSD (4H) long-term bearish market, the price currently has tested this neckline of a double top on the 4H highly likely to be rejected as long term trend is down and the price is in an important area of value. At the same time price has completed a head & shoulder could potentially prepare for a further drop.
AUDUSD preparing for drop!AUDUSD (4H) has formed a strong bearish price action on all timeframes. After a daily bearish engulfer on the last day of the trading week, today's price dropped early, now the price is testing this daily support and showing significant rejection on 4H forming a doji candle. It is highly likely that the price will continue to drop from this as the long-term trend is bearish.
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Has (AUD/USD) started a 5-wave movement?I think that this currency pair has started a big movement that will be in the form of 5 waves.
In my opinion, wave 1 is being completed and will soon enter the corrective phase.
The corrective wave that will start soon is wave 2, so consider that the best price to buy is wave 2.
Wave 2 itself will be in the form of (ABC), so note that if you use Fibonacci, pay attention to the numbers 50 and 61.8 and set your loss limit at 83.6
Be successful and profitable.
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 analysis: MACD bullish crossoverThe latest Reserve Bank of Australia (RBA) minutes, which opened the door to more interest rate hikes, may provide only marginal support to the Australian dollar when compared to the US dollar ( AUD/USD ).
Stronger global economic growth, a Chinese industrial recovery, more risk appetite among investors, and widespread gains in commodity prices are required for the Australian dollar to thrive. These factors would strongly reverse the Aussie’s trajectory, pushing the AUD/USD comfortably back above 0.70.
Therefore, for the time being, the RBA’s pledge serves to provide a floor, thus containing the potential downside risk of the AUD/USD pair, since the Fed is likewise convinced of rising interest rates forcefully.
AUD/USD technical analysis
Technically speaking, we are starting to notice positive indications from a short-term viewpoint. The momentum is rising on the daily chart, with the 14-day RSI climbing from 37 to 48. Breaking 50 would mean bulls might overtake bears in the near-term.
The Moving Average Convergence Divergence (MACD) indicator produced a bullish crossover signal yesterday, as the MACD line (blue line) passed from below to above the signal line (orange). Four of the six MACD crossovers that had occurred in 2022, then provided the right signal.
The 0.6875 level, which corresponds to the highs reached on July 8th, is the barrier that has to be broken in the very short term. Breaking this level might boost bulls’ convictions to target the 50-day moving average at 0.697.
Idea written by Piero Cingari, forex and commodities analyst at Capital.com