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Shortaudusd

SHORT AUDUSDKeeping in line with the current bear trend, I would anticipate price looking to reach for levels below 0.62672. Currently short in profit at 42 pips, total target would be for 150. Although we've been ranging for the past two weeks, price has slowly but steadily been shifting downwards. A key area of interest was taken out when we crossed below 0.63500, no real bullish pressure resulted after reaching below that level. Take note that bullish volume strength has been significantly lower compared to the bearish levels. My take is this market is going to keep trending downwards a bit more. Let's see what the next couple of weeks has in store!
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by CollectCap
2
why audusd remains bearish? reasons behind it.The way I see audusd is bearish trend? Why? Yesterday it broke below MA 50 with huge moment, which it was bearish engulfing candle (blue circle). Second reason is macd cross downward and the current value is below 0 (yellow circle). 3rd reason is the future cloud just started into bearish. Senkou a is pointing lower and it is below senkou b (red circle). My personal target is the area with the blue color rectangle. Trade well and wisely
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by HendyHalim
AUDUSD bout to go down underA couple of key factors here need to come into play, inflation figures need to come back worse than expected in July, followed by the fed becoming more hawkish with their monetary policy. Australia will follow suit and hit that cash rate target of 3-4%. Cost of living isn't taking a reprieve and the mining industry isn't saving the australian economy atm. If we see a reversal of QT from the fed we could see a bounce in risk on markets. But for now the USD looks to reign supreme. Shorting the bear flag to 0.6780 with a breakdown in the support we could see a bearish continuation to 0.6100! Things are getting spicy and you're kidding yourself if you think the markets seen the last of volatility. NFA DYOR
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by jakec90
AUDUSD Update, Bias remains short Hi Traders, Here is a quick update on AUDUSD. Price has taken a few days to move but eventually made the move down and I was able to secure 100pips with a small position still running. Looking at price now I see potential for price to retest the broken support and then once again hit a new low, I would like to see the h4 candle close below the resistance in order for my bias to remain short. The target remains the same at 0.68500. Previous analysis in the link. Happy trading Renaldo Philander
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by Tradebudz
AUDUSD Analysis Monthly/Weekly -Price is clearly in an overall bullish trend. But price appears to have become overextended, after a huge breakout (through the trend line) and has since been consolidating preparing to make a possible pullback/retracement. Daily Price has formed a Head and Shoulders (H&S) formation which is a sign of bearish pressure or a possible move to the downside. Remember on the higher timeframe, price has been consolidating, the H&S formation on the daily is a confirmation that price is ready to drop. I am expecting price to make one more attempt to the upside before making the bearish move to the downside. If you draw a Fibonacci from the beginning of the right shoulder to the blue support level where price reversed, you will notice that I am expecting price to make a final push near the 50.0-61.8 fib levels, which correlates with the area arrows I drew. Here is where I'm expecting to enter a sell position.
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by NoCeilingsTrading
1
Update AUDUSD This is referring to initial AUDUSD plan (below) RBA was less dovish than what the "market" expected. Technically, i was hoping the price would go up, which it did, and tap into chunks of buy orders. I am still bearish the Aussie in spite of that RBA statement. Even if his words had much more weight than just a spike reaction (in truth, it was an opportunity to load positions from the bank, the liquidity run), I THINK (an opinion, don't need your bark as if I am saying it like its fact) its priced in already. I could be wrong and I don't care. I will react what the chart is telling me. And the reaction would be a bearish signal at any point of the day, I will short AUDUSD since price have gone into the minimal point for me to short. (refer to the initial post) There is no risk event for Australia, HOWEVER, there is a rate decision from the RBNZ which could effect this pair via AUDNZD.
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by sufiansaid