AUDUSD: What to Expect This Week? 🇦🇺🇺🇸
Price action analysis for AUDUSD.
Daily/4h time frames analysis.
Important key levels.
Bullish outlook explained.
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Aussie
GBP-AUD Local Short! Sell!
Hello,Traders!
GBP-AUD is retesting a
Horizontal resistance level
Of 1.992 from where we
Are already seeing a local
Pullback and I think that
A further move down
Towards the local support
Below at around 1.9100
Is to be expected
Sell!
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Aussie H4 | Falling to swing-low supportThe Aussie (AUD/USD) is falling towards a swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 0.62990 which is a swing-low support level.
Stop loss is at 0.62650 which is a level that sits under a major swing-low support.
Take profit is between 0.63720 and 0.63950 which is a zone that is bounded by the recent pullback resistance and the 50.0% Fibonacci retracement level.
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Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBPAUD H4 | Falling to pullback supportGBP/AUD is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.90958 which is a pullback support.
Stop loss is at 1.89740 which is a level that lies below a pullback support and the 61.8% Fibonacci retracement level.
Take profit is between 1.92000 and 1.92371 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBPAUD: Continuation to the downside expectedI'm expecting a continuation to the downside due to general GBP weakness.
BOA held rates at 4.1%, so did BoE 5.25%, however it looks like the UK is more likely to have a deeper recession. I think the pound is generally over expended so seeing further correction.
We've retraced 38% of the Fib and looking like a doji forming on the 8hr, if it does I'm looking to short.
✅EUR_AUD POTENTIAL SHORT🔥
✅EUR_AUD is going up now
But a strong resistance level is ahead at 1.666
Thus I am expecting a pullback
And a move down towards the target at 1.656
SHORT🔥
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✅AUD_NZD BEARISH BREAKOUT|SHORT🔥
✅AUD_NZD broke the key
Horizontal level of 1.073
And the breakout is confirmed
Which reinforces our bearish bais
On the pair and I think that
We will see a further move down
SHORT🔥
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✅AUD_CAD SWING BULLISH SETUP|LONG🚀
✅AUD_CAD was trading in a
Falling narrowing wedge but
Now we are seeing a bullish
Breakout which is confirmed
So I think that we will see
A further move up next week
LONG🚀
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AUDJPY: Riding the Bullish Wave as the Yen Creates New LowHi Fellow Forex Traders,
AUDJPY has broken out of the falling wedge pattern, continuing its bullish price movement above the EMA200 line. Subsequently, the price formed a breakout pennant pattern, which suggests a continuation of the bullish trend. The MACD indicator has also produced a golden cross, confirming a potential upward movement towards the target area. We are also anticipating a possible pullback scenario after reaching the first target, followed by a continuation of its upward trajectory towards the second target.
Other Technical Factor
The JPYBasket is currently trading below the EMA200 line. This is followed by an impulsive breakout of the pennant pattern, further bolstering the upside movement of the Aussie Yen.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on FX:AUDJPY ."
EURAUD is on her way!Hello trader,
While we expect a correction and short-term traders could earn money using the potential upward move we believe trend is still bearish.
There is one entry and 1 TPs for this pair. But you can hold some positions more.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
Aussie H4 | Potential bearish reversalThe Aussie (AUD/USD) could rise towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 0.63852 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 0.64015 which is a pullback resistance that sits above the 50.0% Fibonacci retracement level.
Take profit is at 0.63313 which is a swing-low support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURAUD, Gigantic ASCENDING-WEDGE, BEARISH Continuation SETUP!Hello There!
Welcome to my new analysis about EURAUD on several perspectives. The Eurozone inflationary pressures increased massively within the recent times determining a huge bearish edge against the AUD zone, especially as inflation in the Eurozone is not yet tackled by continued higher rate hikes with which the ECB, European Central Bank is trying to decrease inflation. Compared to the AUD zone this means that the EUR is much more bearishly inclined against the AUD and in this case it is also important on how the actual technical price action is confirming such a bearish inclination.
In my chart I am pointing out that the EURAUD is now setting up a gigantic ascending-wedge-formation with several resistances within the structures. The EURAUD is now approaching the major 50% Fibonacci-resistance within the 1.7 which is simultaneously determining the resistance by the upper boundary of the gigantic wedge formation and forming a coherent resistance-cluster within this level. Once EURAUD shows up with a major pullback off this zone this means that the possibility for an completion of the wedge-formation increases astronomically and a completion of it will point to the bearish target-zones to be reached.
Especially if the massive interest rate hikes within the Eurozone implemented by the ECB should not effectively decrease the inflation rate of the EUR this will put a lot of bearishness on the Euro and therefore also on EURAUD and with such a dynamic it is going to accelerate the bearish momentum. Once the whole ascending-wedge-formation has been finally completed the target-zones will be active and once the final target-zone has been reached the bearish momentum should be assessed again because with further developments to the downside this could actually lead to a major bearish wave-count extension for EURAUD and move to lower levels. In any case it will be a highly important development to consider here.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
AUD-CAD Breakout Confirmed! Sell!
Hello,Traders!
AUD-CAD broke the key
Horizontal level of 0.864
While trading in a strong
Downtrend and the breakout
Is confirmed so I think that
A bearish continuation
Is to be expected
Sell!
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Check out other forecasts below too!
AUDUSD: Don't short over 0.6356Hello Traders,
Shorter term traders could sell around 0.6429.
We are waiting for a break below 0.6356 or over 0.6429 to determine the direction of the market!
Aussie H4 | Falling to overlap supportThe Aussie (AUD/USD) is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 0.64019
Why we like it:
There is an overlap support level
Stop Loss: 0.63643
Why we like it:
There is a pullback support level
Take Profit: 0.64608
Why we like it:
There is a swing-high resistance that aligns with a confluence of Fibonacci levels i.e. the 61.8% retracement and the 78.6% projection levels
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUDCHF: Short term strength expectedExpecting the recent retracement to continue at least to 0.586 support, just crossing the mid point of my descending channel.
Overall I'm still bearish on this pair (just), I am expecting the reversal at some point soon, either from here, or around the ATL marked on the chart.
I see AUD gaining in strength as China wakes up. There's a big interest rate decision this Thursday from the SNB which will be big news I feel.
I see this as a great pair to trade once a reversal is confirmed, there's a long way to go up!!
AUDNZD H4 | Bearish reversal off 23% Fibo?AUDNZD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.08308 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 1.08546 which is a pullback resistance level that sits above the 38.2% Fibonacci resistance level.
Take profit is at 1.08018 which is a recent swing-low support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Aussie H4 | Falling to pullback supportThe Aussie (AUDUSD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.64084 which is a pullback support.
Stop loss is at 0.63750 which is a level that aligns under the 127.2% Fibonacci extension level.
Take profit is at 0.64724 which is a pullback resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
AUDNZD is attempting to break the descending channel.The price can retrace up to Fibonacci 61.8% before sustaining a break above the downtrend channel without consolidation.
Especially, the expectation of a rise below strengthens the AUD as a fundamental economic indicator. If the expected interest rate decision does not come out of the FED meeting as anticipated, and a somewhat moderate text is published, we may see an uptrend in AUD, along with gold and silver.
Open your trade in 2 parts. The first trade is for the short term, and the second trade is for the medium-term expectation. Enter the take profit levels below:
When the first trade reaches the take profit level, adjust the stop-loss level of the remaining medium-term trade to a profitable level to minimize your risk.
Open Price: 1.0866
Stop Loss: 1.0850
Take Profit 1: 1.0925
Take Profit 2: 1.0970
AUDCHF: Do you believe that US news has an effect on this pair?Hello traders,
Australian dollar and Switzerland Franc! Why FED interest rate could effect them?
The Swiss Franc is positively correlated with gold. Gold is FOMC dependable. As a result, U.S economical news could effect CHF and also, AUDCHF. So manage your risk before important news.
There is 1 entry and only 1 TP for this pair.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
AUDUSD: Aussie is risingHello traders,
I'm really sorry for the delay! please accept my apologize.
There is one entry and 2 TPs for AUDUSD.
We'll see a continuation.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
AUSTRALIAN DOLLAR vs US DOLLAR :MAINTAIN THE SAME OUTLOOKWe maintain the same bearish outlook on aussie.After the A,B,C correction, market is expected to resume its downward toward the target zone.
AUDUSD H4 | Potential bullish reversal?AUDUSD is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 0.64019
Why we like it:
There is an overlap support that aligns close to the 127.2% Fibonacci extension level
Stop Loss: 0.63643
Why we like it:
There is a pullback support level that aligns with the 161.8% Fibonacci extension level
Take Profit: 0.64734
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
