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Aussiedollarlong

AUD/USD: Watch for a Reversal with RBA Decision AUD/USD continues to hit new yearly highs as risk sentiment improves following the FOMC’s 50-basis-point rate cut last week and today’s Reserve Bank of Australia (RBA) meeting, where no rate change is expected. However, a dovish tilt from the RBA meeting notes could shift the pair’s momentum, with the 200-Day Moving Average acting as a key level to watch. Also, keep an eye on the RSI, which is nearing the overbought zone at 70 on the daily chart. Beyond the RBA decision later today, Australian inflation data is set for release tomorrow, with headline inflation expected to drop sharply from 3.5% to 3.1%.
by BlackBull_Markets
AUD/USD Eyes Key Data After Breaking 0.6600AUD/USD Eyes Key Data After Breaking 0.6600 The AUD/USD extended its rally passed the critical 0.6600 mark to hit new three-week highs. Traders now turn their attention to the upcoming Australian Consumer Inflation Expectations and Unemployment. The pair faces immediate resistance at the 200-day moving average, followed by the 0.668 level. On the downside, initial support could be the 100-day moving average, with further backing at the 50-day moving average. In the U.S., the spotlight shifts to the July Consumer Price Index (CPI) due Wednesday. Earlier today, the Producer Price Index (PPI) data showed a 2.2% year-over-year increase for July, down from the 2.7% rise in June. PPI often acts as an early indicator for upcoming CPI inflation. Market participants are currently pricing in a roughly 54% chance of a 50-basis-point Fed rate cut in September, a probability that could increase following the PPI data.
by BlackBull_Markets
High Stakes: RBA rate decision vs. Melbourne Cup We are about 8 hours away from the latest Reserve Bank of Australia interest rate decision. That decision is due on Tuesday at 2:30 pm (local Aussie time), a couple of hours before the country's biggest horse race, the Melbourne Cup ($8 million in prize money) is set to take place. But perhaps the more exciting match ups will be occurring in the forex market. Currently, the market is thinking there is a 70% chance of a 25-basis points hike because of the RBA governor's rhetoric that the bank would "not hesitate to raise the cash rate further" if inflation was higher than expected (which it was in its last quarterly reading). The 30% chance of no hike is possibly driven by concerns about mortgage stress in the country after the post-COVID 12 cash rate increases. On the flip side of some potential AUD trades, we have expectations for the US Fed and the European Central Bank (ECB) enacting a 25-basis points cut by June next year. Weaker-than-expected NFP figures in the U.S. last Friday bolstered expectations that the Fed was done with its tightening campaign and pulled the AUD/USD up past 0.64900 from 0.64400. This makes me question whether the upside to the AUD/USD is all played out. Moments after the interest rate announcement will be crucial to see which direction the market wants to take. If the RBA does enact a hike today, concerns about mortgage stress in Australia might induce the pair to revisit some of the levels the pair traversed last Friday during its climb just before market close.
by BlackBull_Markets
AW Aussie Dollar Analysis - We Finally Have Confirmation...Now that we have a potential Wave 3 in progress, it is a good time to talk about the bigger picture including targets. Using AriasWave (Not Elliott Wave), I have an understanding of what comes next. The thing I always tell myself is; If you don't know when to get out of a trade, don't get in. Targets are very important and can only be confidently achieved if you understand how each wave operates. One question you may ask is: What if this Wave E subdivides into a Weak 5-Wave Move? The US Dollar indicates that once this move completes then it will be in a strong uptrend. This at least gives me a clue about nature of the kind of price action we will see. In saying that we will be tracking this very closely and looking for any potential signs of weakness along the way. Nothing is guaranteed but if you play your cards right, you can still pull a profit out of that situation if it happens. We are dealing with probabilities, not certainties. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
1
AW Aussie Dollar Analysis - Weekly Long Trade Wrap Up...A good question posted by a viewer leads the topic of conversation in this first weekly long trade wrap up video. I think moving forward things should become clearer. There is an old saying that finding the start of Wave 3 is the hardest thing to do. Of course, I do not believe that myself since creating AriasWave but I do think a lot of people still think it is true. I assert that it is not the start of Wave 3 that is difficult to find, rather it's any real understanding of the waves per se. If you back test every wave that has ever occurred, you will see AriasWave encoded in its DNA. Except you need to be bothered in the first place and most people are lazy and want to get rich quick. I was once guilty of this too and I decided to find out how Wave 3's begin and all surrounding waves every time. Once you see that these patterns exist everywhere all the time your whole view of markets change. You start to realize that it's not BS fluffed up fundamental data that drives the market. Instead, you begin to realize that its raw unadulterated herd psychology that is living and breathing in every wave and cannot be manipulated at its core. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
4
AW Aussie Dollar Analysis - Impulsive Price Action Has Begun...Price action is really starting to prove itself now on the back of my recent US Dollar analysis. I believe that the Aussie dollar will advance at a very significant pace during this move compared to other currencies. The plan for this trade will be purely for Wave 3 price action. The target will be the 2.618 extension of Wave 1 which is around 1.15. It's definitely a big trade and one that takes confidence to see out to the end. A good solid understanding of the waves is the reason I believe this Wave E can make it that far with only Wave 3 completed. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
1
AW Aussie Dollar Analysis - This Next Move is Important...One may assume that these patterns unfolding are just a bunch of zig-zags on the chart and nothing more. According to AriasWave these are not zig-zags and in this video I explain why. Zig-zag patterns from in a particular way which is not what is happening here. What we have been seeing here is corrections expanding making them look like zig-zags. This is the key to the understanding the whole setup. I do however see volatility increasing which indicates strength ahead once we break through the important levels. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
AW Aussie Dollar Analysis - Watch Out for These Levels...As the Aussie dollar continues to prove itself within the patterns, we should now anticipate a third-of-a-third wave. All of the 1-2 subdivisions appear to be in place for us to see the expected move higher. We just need to see a couple of levels surpassed before we have full confirmation. Through this time, we also need to see price move up in a very strong impulsive manner. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
3
AW Aussie Dollar Analysis - Quick Breakdown of This Trade...This video is a recap of the long trade setup that I alluded to a few days ago. So far price action at the small degree points to higher prices over the coming week and beyond. I will begin to focus on potential targets as we get confirmation with a strong break of .69 cents. My stop at this point remains at .66283 until we get that confirmation and then it can be moved to .67104. I like to highlight the level of detail you can drill down to at the smaller degree in order to build confidence in the trade. I also point out potential issues with the identification of the wave structure in order to add credence. See the previous related videos linked down below. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
3
2nd chance - Long AUDUSDIf you are not already long on this pair, there may be another opportunity coming up in the 0.7740 area. Price earlier broke out of a brief consolidation and a re-test opportunity looks imminent. A final target of 0.8100 is possible and either way a good R/R is available for those who stay patient. If you like my analysis, please support me by putting a "like". Follow me to get immediate notifications too. As always, please use sound money and risk management in all your trades.
Long
by Trading_Vista
AUSTRALIAN DOLLAR FUTURES (6A1!) Monthly, WeeklyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the monthly and weekly arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
CME:6A1!
by Dinjin
AUDCAD buy 1 & 2 hitSo im looking for another move up. We are holding support at a very important level on the 4H. I see us going up another level to 127 or 161 fib ext. Intraday traders risk trade here Fakeout entries and a good pullback to pickup orders between the impulse space is still possible so buyers are watching and sitting at the breakout point. We have a bullish flat pennant. INV head n shoulder inside a 3 - 5 higher "W" leg formation and a 4H impulse right this second trying for the 3rd time to break the intraday buyers point of watch. We also have divergence on 4HR frame going into bullish stochastic. The tighter and more slim the ABCD move the faster we lose momentum. The wider and more consolidation the more strength there is built for the pivot move that happens. I am bullish to the sell zone and bearish when we get there. I am bullish longterm AUD any chance I can. :) Thoughts? Simple analysis and quick for everyone to see and view. Much love. Trade safely. Manage Risk as always! Comment / Like / Support please
Long
by AschraM
A Kicking Kangaroo? - AUD/USD Ichimoku Long Trade SetupThis pair has finally found some support before entering into the current consolidation zone price has been stuck in. I am looking for a break and close above the recent price structure resistance we've seen for a chance to get long. Some of this movement may be volatility based with the US news and tariff war going, so we may get a push pretty fast depending on how that situation develops. With NFP also coming down the pike, we will need to be aware that it could affect things drastically as well based on the data that is released and how the market receives it. If we fail to break price structure resistance to our entry level, or if we break down lower out of the current consolidation area, this setup may become invalidated.
Long
by The808Trader
2