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Aussiedollar

AUDUSD ANALYSIS FOR THE WEEKAUDUSD was ranging in the past two weeks and price show a strong daily resistance at 0.78000-0.78200 (which is a psychological level too), and seems that it is not able to break it and forming a triple top. If we expand the view to the daily bar chart, AUDUSD is about to complete a head and shoulders pattern. For this week we are looking for short setup, and waiting for a valid breakout of 0.77000 structure. However, we could see retest at 0.77300 or 0.77500 before falling.
Short
by MaoucheFX2
$AUDUSD - Breakout from the ending diagonalHi guys! 👋🏻 🔔 Breakout from the ending diagonal (wedge) is confirmed, AUD/USD remains above the resisance of 0.76670, which is a bullish continuation sign for the pair. Although might slightly correct to retest the upper edge of the pattern as support, so keep that in mind. 🔔 The US Annual inflation rate in March exposed 2.6% which is far beyond the FED’s desired 2%. Hence, investors worry that the FED may reconsider the interest rates sooner than expected. 🔔 Australian Consumer sentiment index in April surged to 6.2% (previous 2.6%) as consumers tend to show confidence in the economic growth of Australia. 🔔 The US Inflation data once again beat expectations and brings anxiety to the market, slacking the US Dollar index. DXY lost 0.28% yesterday and is down 0.12% today, while commodities like gold and silver are looking to rally. The Australian Dollar which is mainly correlated to Gold is on the main spot light. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
2
Aussie Dollar forming extended bull flag on 15. Hasn't hit the .618 retrace yet, so nothing to really worry about. ---------- This is a complicated markup for a not so complicated play, but I had to go through a lot of junk systems to be able to confidently make simple calls, so I'm still marking things up to get any other perspectives they might offer. A good starting place for building your trading philosophy is that understanding within trading there are like all these different sectors and psychologies of how to trade. The way a professional trader picks his battles is by uniting all of these psychologies through diagramming on the chart, then only trading where it is reasonably evident that a majority of the players will be stacked up against a smaller number of the opposition. A lot of times this is represented by formations and repeating patterns, so you don't have to go too crazy. A lot of work has been done for you. I work much better when people just give me the answer, then I have to go back and figure out how they solved it. Sometimes I can even find a way to make their process more streamlined, and I ejoy doing that. So now I have given you the answer, can you streamline my process?
Long
by emehoke
AUD/USD (Aussie/ Dollar) Here on the Aussie Dollar we have a bearish gartley pattern. i would be surprised if this pattern moves today as the 10Y bonds are having a weak day, and the dollar is weak against some of the exotic pairs like USD/MXN. Its hard to say if you're looking at the Rubble as its having a rough day too. I'm not in the "know" on Russian news. So, again I would be surprised if the pattern moves today. What i think we might see is PA trace up to the shaded area and kiss the HOP level and play around a bit. i would like to see the oscillators move into the extreme zones before considering an entry! Stop is the red lines and tp 1 is 382 of the pattern and tp2 is the 618 of the pattern. Sorry everyone for not going inot super deep detail just trying to push out info and get back to studying! the courses are still in the process, again once my profile goes premium ill advertise here.
Short
by ARegularGuy
5