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D-AUD

AUDNZD Low risk trading strategy.The AUDNZD pair has been neutral as of late, trading within a 1.073350 (Support) - 1.093250 (Symmetrical Resistance) range. The 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) have both been turned into pivots in a peculiar sideways pattern. As long as the Support holds, buy and target 1.091500. On the slightest break and 1D candle close below the Support (thus the low risk), sell and target 1.064500 (Higher Lows trend-line). If it closes a 1D candle above 1.093250, buy the break-out and target 1.101050 (Lower Highs trend-line). As you can see, the long-term pattern is a Triangle, thus the current tighter consolidation. The 1D MACD Bearish Cross last week shouldn't be taken lightly as the historic price action has shown that it delivers larger declines. Thus the 1.064500 target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EURAUD - Looking For Trend-Following Buy Setups↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURAUD has been overall bullish trading inside the rising channel in orange, and it is currently approaching the lower bound of the channel. Moreover, the zone 1.63 is a strong support. 🏹 So the highlighted orange circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower orange trendline acting as a non-horizontal support. As per my trading style: As EURAUD approaches the lower orange circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
7
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!!
Long
by Finchcliffe
AUDCAD One Low to go inside the Channel Down.The AUDCAD pair has been trading within a Channel Down since the February 09 High, having failed to achieve any 1D candle closing above the 1D MA50 (blue trend-line) since July 26. The current price action resembles the start of the Channel Down. Based on symmetry, we have one last Lower Low to achieve and then we should be expecting a rebound to test the 1D MA50. We will buy just below Support 2 (0.85915) and target 0.8700. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
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
Long
by TradeAndMeApp
AUDUSD: Next pump will be a sell entry.AUDUSD is trading inside a Channel Down pattern since the start of the year with the price consolidating at the moment on its bottom. Naturally, the 1D technical outlook is bearish (RSI = 41.632, MACD = -0.003, ADX = 25.040), under both the 1D MA50 and 1D MA200. The LL was made marginally over Fibonacci 2.0 extension, so there is a strong symmetry with the prior bearish wave. If it continues, we should be expecting a new rejection a little over the 1D MA50 to a new LL. Our sell target will be on S1 (TP = 0.62730). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
8
AUD/USD Gains Ground Ahead of Fed Decision Amid RBA CautionAUD/USD Gains Ground Ahead of Fed Decision Amid RBA Caution The AUD/USD currency pair continues to trade with an upward bias, reaching around 0.6460 during the European session on Wednesday. The pair's recent gains can be attributed to market caution ahead of the highly anticipated interest rate decision by the US Federal Reserve (Fed). In this article, we examine the key factors influencing the AUD/USD exchange rate, including the Reserve Bank of Australia's (RBA) monetary policy stance and the potential impact of the Fed's decision. RBA's Monetary Policy Deliberations The RBA recently released the minutes of its September monetary policy meeting, shedding light on the central bank's discussions. Notably, the RBA contemplated the possibility of a 25 basis point interest rate hike during the meeting. However, the decision ultimately favored maintaining the current interest rate, driven by the observation that recent economic data had not significantly altered the economic outlook. Despite the decision to hold rates steady, the RBA made it clear that it stands ready to take further measures to tighten monetary policy if inflation proves to be more persistent than initially anticipated. While this readiness underscores the central bank's commitment to controlling inflation, the absence of new hawkish signals in the minutes may temper the Australian Dollar's (AUD) strength relative to the US Dollar (USD). China's Impact on Market Sentiment The People's Bank of China (PBoC) decided to keep its benchmark lending rates unchanged, aligning with market expectations. The one-year Loan Prime Rate (LPR) remains at 3.45%, while the five-year LPR holds steady at 4.20%. Additionally, China's National Development and Reform Commission (NDRC) acknowledged the economic challenges faced by the country but expressed confidence in the effectiveness of domestic macro-control policies. This sentiment from key Chinese officials can influence investor sentiment in the Asia-Pacific region, including the AUD. US Dollar and Interest Rate Expectations The US Dollar Index (DXY), measuring the USD against major currencies, is trading lower near 105.10 as investors anticipate the Fed's decision. Market consensus suggests that the Fed will maintain its current interest rates but will provide further guidance on its future monetary policy stance. Markets have already priced in the possibility of a 25 basis point rate hike by year-end, driven by strong US macroeconomic data and persistent inflation pressures. The robust US economic outlook has led to higher US Treasury bond yields, supporting the USD and posing challenges for the AUD/USD currency pair. The US 10-year Treasury yield remains relatively high at 4.35%. Market Focus on Fed Guidance As investors await the Fed's decision, their attention is primarily on the central bank's future rate hike plans. Market sentiment indicates that the Fed is inclined to maintain higher policy rates for an extended period. Therefore, the focus will shift to the accompanying monetary policy statement and remarks by Fed Chair Jerome Powell during the post-meeting press conference. Conclusion The AUD/USD currency pair's recent gains reflect the cautious sentiment prevailing in the market ahead of the Fed's interest rate decision. The RBA's readiness to tighten policy if needed and China's economic stance add layers of complexity to the currency pair's dynamics. The direction of the AUD/USD exchange rate will largely depend on the Fed's guidance, making Jerome Powell's statements a key factor in shaping short-term market sentiment. Our preference Long positions above 0.6440 with targets at 0.6490 & 0.6510 in extension.
Long
by FOREXN1
8
EURAUD: Big Crash, incoming?Fundamentally I got Aussie strength on the horizon, whilst the EU is all over the place. I'm seeing a big fall coming, with the EU basically stagflating and AUD being buoyed by Chinese recovery, gold price increases etc. Even though we've seen positive data for the Euro this week, the effect on the FX has been negligible. Can't see the Euro doing much more than it has recently against the Australian Dollar. Could be a great trade for me this one...
Short
by Finchcliffe
2
AUDJPY to see a lower correction?AUDJPY - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. The RSI is trending higher. A move through 95.75 will confirm the bullish momentum. We look to Buy at 95.00 (stop at 94.68) Our profit targets will be 95.80 and 96.10 Resistance: 95.75 / 96.00 / 96.25 Support: 95.25 / 95.00 / 94.50 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
AUDJPY Strong Lower Highs bullish break-out.The AUDJPY pair has turned the 1D MA50 (blue trend-line) into Support since last week's bullish break-out signal above the Lower Highs trend-line. That is a major bullish continuation call following the bottom on the 3-month Higher Lows Zone on March 27. The dashed Higher Lows has been supporting this uptrend and this seems to be the new bullish leg. The previous two such rises during these 3 years have reached at least +17.40%. As a result our buy target is 101.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPAUD: Trendline break, waiting for retestWe can see that GBPAUD has broken the weekly rising trendline with gusto at the end of last week. We have a small pinbar close on Friday which suggests a retracement back up to retest. I'm expecting strength to build up for the AUD with the positive signs coming out of China, we can see it is recovering across most crosses, and sterling weakening. BoE decision on Thursday is important, however I think whatever happens this is a good pair to trade and I'm expecting lots of short pips from this pair over the next few months. Watching out for the retest and then I'll be starting to short.
Short
by Finchcliffe
Euraud potential turning pointLast week it failed to break up, therefore resuming its down move. On lower timeframe, pullback up already in progress as we approached the key area of 1.65. Overall bias is still on the downside has h4 has structural changes **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
AUDJPY: Expecting a strong start to the week before BoJI'm expecting continued Aussie strength as the market expects China recovery is in progress. BoJ interest rate and minutes will be big news on Friday, but before then I expect to see a continuation up within the current rising channel, breaking and retest initial support around 95.6 to rise to test the 96.6 support. We're heading into very choppy waters now, and I expect BoJ to start defending their currency so I'm mindful to have very tight SL's up here, moving to BE as soon as possible and ultimately preparing for a reversal, but I think there's a little way to go yet. With Aussie building momentum I feel confident in still being long here, but being uber-careful as you never know what will happen!
Long
by Finchcliffe
2
AUD/USD Forecast: Analyzing the Future OutlookDuring the previous week, our market performance demonstrated a degree of advancement; however, it presently exhibits characteristics of range-bound behavior. It is worth noting that last week, there was an upward movement, with an attempt to challenge the significant monthly resistance level of 64.58. Remarkably, this resistance level held firm through the close of trading on Friday. For the upcoming trading week, our primary focal point is the 64.58 resistance level. Should the price maintain its resistance at this level, it could prompt a subsequent descent towards the established daily and weekly support levels. The envisaged scenario involves a potential break to the downside after navigating through these support levels.
Short
by Blackerberg
2