Buy audusdStrong buy opportunity
Recently oversold too much daily , weekly and monthly time frame
Here's the demnad zone and day trend broken and retested
AUDUSD trade ideas
AUD/USD - Simple FIB Survey @ 3WDear Friends,
How I survey unknown territory:
Should price continue down, where is the next potential bottom?
Zoom out to 1W or 3W or 1M TF's. Use you FIB as indicated.
78.6% is a high probability area for the next bottom,
should selling pressure continue !
Alternative possibilities:
Firstly, price have potential to fill the gap and then continue down
A bull trap as I see it.
or
Price may actually fill the gap and hold demand which will activate
our green thesis.
**Which could fundamentally mean institutions have dipped in liquidity
pre-swing reversal.
Keynote: DO NOT BUY BELOW 0.62000!
AUD/USD: A Temporary Rally Before Further Decline!Weak business activity data from China has put additional pressure on the Australian dollar. Last week's rise above 0.6300 was temporary, driven more by U.S. dollar weakness than by positive domestic factors.
In our previous analysis, we noted a short-term rally after breaking the trendline, but this move has proven to be temporary, as weakness in the Australian dollar persists. On the daily timeframe, a deeper decline is likely if the 0.63 support level breaks, increasing the chances of a drop toward 0.60.
NeoWave Diametric Correction The AUD/USD appears to be completing a NewWave Diametric correction structure, with price retracing to the .75 % Fibonacci based level. If this interpretation holds, the pair could rally toward the 1.161% Fibonacci extension level at 0.9500
AUD/USD 4H - Bullish MSSHi all.. thanks all for the huge support following recently!
Here is my breakdown for AUD/USD from a 4H perspective..
Firstly the easy thing to notice is the 4H breakout from the Trend line. This large Bullish movement created a MSS. We then have had a very clean buying level left behind from that mitigation block before the breakout.
As you can notice the most recent supply zone is what kept the price down although we did see a lot of consolidation forming on that supply in my eyes telling me that structure level isnt going to hold another push.
The current price is at a very strong OTE zone which is another confluence to buy from. We also recently took out the most recent protected high so we very well could see a large movement from market open and if that is the case Id potentially be looking to buy straight into the next pullback.
For a strong buy setup, look for positions above the Monthly High Strong Time Frame.
Im targeting Buy side Imbalance giving us two clear targets.
Good luck to the traders that follow this setup.
AUDUSD BREAK A TREND LINEHey Traders AUDUSD has broken the bear trend ,it is coming back to retest the trend ,Am expecting price to bounce on the support again to form double bottom, on the trend line area. Key support and liquidity area;0.61387
Sideways Action in AUD/USD with Bearish Bias Amid RBA Rate Cut AUD/USD is expected to trade sideways in the near term, with a bearish bias overall. The market remains range-bound, and any rallies should be sold at resistance levels, as the broader trend is down. The Reserve Bank of Australia (RBA) is anticipated to cut rates, which could put additional pressure on the Aussie, reinforcing the overall negative outlook for the pair. Watch for confirmation at key levels before entering trades, with the focus on selling at resistance.
AUD/USD - Crucial Support @ 0.62000 to 0.61700Dear Friends,
How I see it:
If support area holds, pair can potentially rally to 0.64000 -
in the near term.
It will also confirm the main swing support for the pair.
Up to 0.68000 in the long run.
I have indicated my buy zone, please see how price react first.
Keynotes:
1) If a 4HR candle body closes below 0.61600, I will not enter on that day.
2) To avoid confusion, price may test 0.61700 hard, but if the day candle
pulls back and still closes above 0.62000, we'll be golden.
I'm only creating a perfect scenario for an explanatory reason.
I am confident that you know we are NOT trading in a perfect market,
in la la land!
Thank you for taking the time to study my analysis.
AUDUSD about to drop more than 100 Pips soonBased on my algorithms & data, AUDUSD is about to drop for more than 100 pips
AUDUSD Breakout And Potential RetraceHey Traders, in the coming week we are monitoring AUDUSD for a buying opportunity around 0.61600 zone, AUDUSD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.61600 support and resistance area.
Trade safe, Joe.
$AUDUSDPrice is in consolidation range. Volume rising has also been weak since the 11/06/24 date. Since this date, price has still been moving down. However, since price is consolidating, we might be ready for a breakout to the upside soon. If valid, we have our target zones.
AUDUSD buying Trading IdeaHello Traders
In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET
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AUDUSDBearish market but we get a break of 4H to switch bullish on the 4H. I will be looking to buy to the 50% of the daily internal range if we are going to continue bearish. Waiting for the break and retest to buy, if no break then we keep selling
Is There a Comeback for the AUD/USD Pair?Recently, the Australian dollar declined against the U.S. dollar to 0.6311, marking its lowest level since March 2020.
One of the main reasons behind this decline was the strength of the U.S. dollar, which has lost its upward momentum recently, increasing the chances of a rebound in the AUD/USD pair.
The recent positive rebound of the AUD/USD pair has broken the last lower high, which is considered a bullish signal and a shift in trend from bearish to bullish.
The current decline is seen as a correction, and based on the Fibonacci retracement tool, the 0.61742 level supports the possibility of another upward move, with a short-term target at 0.6282.
However, if the price falls below 0.61311 and records a daily close beneath this level, the bullish scenario will be invalidated, and the bearish outlook will regain control over the AUD/USD pair.
AUDUSD longAUDUSD is long as per VOLUME confirmation on Daily and liquidity Hunt.
Tp1 is 0.65385
Tp2 is 0.67500
Tp3 is 0.68744
uptrendIt is expected that the upward trend will form and the price will cross the resistance trend line. Then it can advance to the specified resistance level.
AUDUSD BUY ANALYSIS DOUBLE BOTTOM PATTERN Here on AUDUSD price form a double bottom pattern and likely to go up if the line 0.63441 break so trader should go for long with expect profit target of 0.65129 .Use money management
Bullish trend on AUDUSDWith the dxy showing bearish momentum whilst AUD dollar showing some strength, it would be a good idea to buy AUDUSD off this trendline.
Fed messaging leaves something for everyone | FX ResearchThe FED decision has come and gone, and in the end, no major surprises. As expected, the central bank left rates on hold, with most of the market reaction coming from the Fed chair presser.
Jerome Powell gave something to everyone, leaving the net results rather balanced. On one side, he said the central bank was in no rush to cut rates, fueling hawkish sentiment and US dollar buying. On the other, he noted that rates remained meaningfully above the neutral rate, suggesting more rate cuts could be in the pipeline, leading to some offsetting dollar selling.
On politics, Powell, as expected, avoided commenting on the new administration’s policies, deferring instead to a wait-and-see approach and data dependency.
The market appears to be giving a slight edge to the doves, reflected in the overall risk-on reaction and higher US equities.
Earlier today in Australia, NAB adjusted its call for the RBA to cut rates in February instead of March, citing softer inflation data. In New Zealand, business confidence slumped.
Key events ahead on Thursday’s calendar include German import prices, German GDP, BoE consumer credit, UK mortgage approvals, Eurozone GDP, Eurozone unemployment, Eurozone sentiment data, the ECB policy decision, US GDP, initial jobless claims, and pending home sales.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
Ghost's AUD/USD LTF Setup [LONG]Trump is signing executive orders in 3 hours, price has been very choppy today and looks at face value like it's about to mirror the move down back up, however, the risk of trump mentioning or doing anything with Tariffs is high and for that reason I think it's possible the liquidity below around .621 may get manipulated before the move up.
