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Aususd

AUSUSD (Y20.P4.E1).Short term TA.Hi All, Looking at the Aussie dollar against the USD, we can see on the daily that we have downward pressure along with the bearish divergence playing out. I have 2 levels as a point of interest. The 0.5 fib retracement and 0.618 fib as one can see that this has confluence with the wedge breakout target, and along with the daily EMA levels. USD (DXY) is currently going sideways and potentially breaking the near resistance as the chart below. This is no surprise as the stock markets and asia markets \ Aussie stock market dropped a few % yesterday. Lets see how things are in the coming days and weeks turn out. Cheers, S.SAri. MACRO structure USD index
Long
by ssari
10
Trend change is coming. Entry technicsThe Australian dollar rallied above 0.72 and was immediately rejected. But it still holds the above the daily trendline. Potentially this rally can be extended to 0.73. Buyers have to protect their positions with tight stops. Commercials (based on COT) keep adding to their short positions, the cycle is turning to the downside. That makes me believe a selloff is coming. Failure to make a new high or breakdown below the daily trendline is a sign of trend change.
Short
by UnknownUnicorn1156963
AUSUSD 1998 Lows| Volume Climax| Technical Level Evening Traders, Today’s analysis will be on the Australian dollar, taking a hit after breaking local support. Currently it’s trading at a pivot point that needs to be defended by the bulls. Points to consider, - Consecutive lower highs - Local support breached - 1998 Lows tested - Volume climax evident - RSI oversold - Stochastics in lower region The Australian dollar has been putting in consecutive lower highs, a clear defined down trend on the monthly time frame. Local support was breached earlier this year, posting a 17% loss; it has officially tested its 1998 lows. This area is a strong trade location, pivot point, where a bounce was expected. The RSI is officially oversold; a return to neutral territory is imminent. Stochastics on the other hand is trading in the lower regions, can maintain here for an extended period of time, however lots of stored momentum to the upside. There is evident volume climax, signally seller exhaustion, allowing bulls to defend promptly. Overall, in my opinion, a relief rally is probable from such oversold conditions, this really all depends on the current macro situation. What are your thoughts? Please leave a like and comment, And remember, “Opportunities come infrequently. When it rains gold put out a bucket not a thimble.” – Warren Buffet
by AzizKhanZamani
4
AUSUSD (Y20.P1.E1).More losses to proceedHi All, Observations: =========================================================== > Downward channel > Downward trend not broken, higher lows and lower lows. > 200 and 50 EMA still above price > RSI bearish, MACD bearish on the weekly. RSI has room for more lows. Thoughts: =========================================================== Another 5% loss against the USD is forecasted to hit previous bottom. Other references: Australian-Dollar-Forecast-Key-AUDUSD-Levels-to-Watch-as-Breakdown-Unfolds Regards, S.Sari (for my reference, W.List chart)
by ssari
AUUSD BUY (TRADE 9) I try to post and update my trade ideas every week. Follow me, if you like my trade ideas. I use both fundamental and technical analysis to generate trade ideas. I don't feel comfortable to place orders based on just some random indicators. I look for strong fundamental reasons and these indicators help me to achieve a great risk to reward ratio. May we all gain some Pips. Happy trading... Feel free to contact me for any forex related issue ( forex fundamental news analysis, forex technical indicators analysis, forex signal service, forex account Management, etc) . IMPORTANT INFO: I USE BOTH FUNDAMENTAL AND TECHNICAL ANALYSIS. SO, I USED MY OWN RISK MANAGEMENT STRATEGY. THE STRATEGY IS SIMPLE. OPEN TRADE AT 0.01 STANDARD LOT PER 500 USD INVESTMENT AMOUNT. EXAMPLE: lot size 0.01 when you have 500usd, lot size 0.02 when you have 1000usd, lot size 0.10 when you have 5000usd, lot size 0.20 when you have 10000usd KEEP THE LOT SIZE CONSTANT FOR EVERY TRADE TAKEN WITHIN A MONTH. AT THE END OF THE MONTH WE WILL CALCULATE PROFIT IN PIPS AND DOLLAR AMOUNT. WE WILL DECIDE OUR LOT SIZE AT THE BEGINING OF EVERY NEW MONTH. I WILL POST MY COLLECTED PIPS IN A GOOGLE SHEET EVERY WEEK. GOOGLE DOC LINK IS GIVEN IN THE COMMENT SECTION. Email: mr908fardun@gmail.com Telegram and what's app: +8801610226090
Long
by UnknownUnicorn3197983
1
Australian dollar possible short term upwards correction Australian dollar possible short term upwards correction but are we going to see a continuation of the down trend? The Australian dollar has been under pressure from a strong USDOLLAR and persistent weakening of monetary policy in the region. I'd expect to see some pullback here and see what happens as it could continue sharply lower as we have seen this year. If we continue making higher highs expect a quick return to the 0.695 where a test will be made a probably test the low again.
by lavishlunch