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AUDNZD will go downPair Name: AUD/NZD Time Frame: 4hrs Chart Direction: short Comment: 📢 Market Update 📉💰 📊 It appears that we could witness a bearish price movement based on the current technical analysis. The price has successfully filled the existing imbalance and encountered resistance at the prominent level of 1.09000. My target is to exploit the significant downward potential required to balance the market. 💱 At the moment, the AUD-NZD pair is undergoing a bullish correction. However, my analysis suggests that we might anticipate a downward shift in the near future. Consequently, I recommend considering a selling position to take advantage of this expected move. Stay tuned for further updates and trade wisely! 💹💵📈 ❤️ Please, support my work with Like and subscribe to never miss a new idea! - thank you!❤️
Short
by michaelmolek
1
Potential swing trade short on AUD/USDThe AUS/USD is within an established bear trend on the 4-hour chart, and closed to a fresh YTD low on Friday having broken beneath the March and April lows. Prices have managed to retrace over the past two days during lower-liquidity trade whilst the US dollar’s rally took a breather. For now, we’re looking for evidence of a swing high below or around the 0.6550 – 0.6572 zone which includes the weekly pivot point, March and April’s lows. We note that some of the heaviest volume during its previous leg lower is at 0.6532, which suggests bears are caught short whist prices retrace higher. SO whilst we see the potential for another burst higher, it’s important prices remain below 0.6580 (otherwise we can expect bears to cover and trigger a short-covering rally). The initial target is around the 0.6500 handle / last week’s lows, a break beneath which brings the 0.6450 / weekly S1 and 0.6400 lows into focus.
Short
by CityIndex
AUDUSD H4|Approaching 23.6% FiboAUDUSD is approaching a key resistance level and could potentially reverse from here. We could see price move down to our take profit target. Entry: 0.65443 Why we like it: There is an overlap support that aligns with the 23.6% Fibonacci retracement Stop Loss: 0.65801 Why we like it: There is an overlap support Take Profit: 0.64582 Why we like it: There is an overlap support 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.
Short
by VantageMarkets
AUDUSD H4 | Potential bullish reversal?AUDUSD is falling towards a key overlap support and potentially reverse from this level. Price could hit our buy entry at 0.66063 and bounce up from here. Our stop loss will be at 0.65807 which is an overlap support. The take profit level will be at 0.66392 which is an overlap resistance. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
✨ NEW: AUDUSD ✨ Curve Analysis (3W) ✨SLO @ 0.7130 ⏳ TP4 @ 0.7115 TP3 @ 0.7033 TP2 @ 0.6925 TP1 @ 0.6750 BSO @ 0.6650 📈 BLO @ 0.6585 ADDITIONAL INFO: * The pair is currently trading below the 200-day moving average, which is a bearish signal. * The RSI is below 50, which is also a bearish signal. * The MACD is crossing below the signal line, which is another bearish signal. Based on these technical indicators, the outlook for AUDUSD is bearish and the pair could continue to decline and test the support level at 0.6565. However, Price Action is currently reacting to a Major Support Level and heading upward. If the pair can break above the resistance level at 0.6783, the outlook would turn to bullish momentum. Here are some of the factors that could affect the price of AUDUSD in the near future: * The outcome of the upcoming US Federal Reserve meeting. * The release of US economic data, such as GDP and unemployment figures. * The development of the Russia-Ukraine war. It is important to remember that technical analysis is only one tool that can be used to make trading decisions. It is important to also consider fundamental factors, such as economic data and political events, when making trading decisions.
Long
by ProfessorCEWard
EURAUD NOT convincing upward momentum We are still in short from Friday on this pair, the reason for not exiting the trade so far is failed breakout of the downtrend, all attempts failed as we see. The sole purpose is to hit the stop loss of many traders. Every deal we enter has an exit point and an entry point in our records. The exit point is a close above a supply area or a candle close below a demand area. This is how large corporations trade. And that's the right way.
Short
by lacasafxfamily
2