AUDUSD 1hr Price ActionWait for the price leave the consolidation zone.
If it comes out in Long, wait for the retest in the support and look to enter in Long.
If it goes short, wait for the Retest at resistance and look to go short.
AUDUSD trade ideas
AUDUSD Possible SELLThe market is currently showing a possible daily reversal chart pattern. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern also.
We could see Sellers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
AUDUSD: Looking for more upside this weekWe can see that AUDUSD is still in a strong uptrend with the recent annoucement of rate cut. The price is moving nicely above the trendline.
We can probably expect a pullback back to the first horizontal support level first, if that level is broken, then the trendline support is a good entry.
Looking for upside movement for this week, can be easily 100+ pips!
AUDUSD - Buy LimitAUDUSD Broke major resistance creating HH's & HL's.
AUD Seasonality is Bullish in Oct & USD Seasonality is Bearish from the 1st week of Oct.
AUD Net Non Commercials increases & USD no. of contracts decreases.
Entry point at retracement.
AUD-USD Swing Bullish Breakout! Buy!
Hello,Traders!
AUD-USD is trading in an
Uptrend and the pair
Made a bullish breakout
Of a key horizontal level
Of 0.6900 which is now a
Support and the breakout
Is confirmed which reinforces
Our bullish bias and makes
Us expect a further move up
Buy!
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Check out other forecasts below too!
MarketBreakdown | AUDUSD, USDCHF, EURGBP, GBPCAD
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #AUDUSD weekly time frame 🇦🇺🇺🇸
The market opening is very bullish for the pair.
We see a breakout attempt of a major horizontal weekly resistance.
If a weekly candle closes above the underlined blue area,
it will open a potential for much more growth.
2️⃣ #USDCHF daily time frame 🇺🇸🇨🇭
The market is currently consolidating within a relatively wide horizontal
parallel channel. The price is currently approaching its support.
With a high probability, a consolidation will continue, and we will see a bullish movement from that.
3️⃣ #EURGBP daily time frame 🇪🇺🇬🇧
The price violated a significant daily/weekly horizontal support last week.
Because the pair is trading in a long-term bearish trend,
such a violation indicates the strength of the sellers
and a highly probable bearish continuation.
4️⃣ #GBPCAD daily time frame 🇬🇧🇨🇦
The market is trading in a strong bullish trend.
Currently, we see a breakout attempt of the resistance based on a current high.
If a daily candle closes above that, it will confirm a bullish continuation.
Do you agree with my market breakdown?
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AUDUSD Technical Analysis and Trade Idea👀 👉 The AUDUSD has recently displayed bullish momentum, but the price now appears overextended as it nears a significant resistance level. A potential buying opportunity could emerge if the price retraces to the 50-61.8% Fibonacci levels. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. 📊✅
Uptrend The uptrend is expected to advance to the specified resistance range. Then, according to the behavior of the price in this range, there will be a possibility of correction
AUDUSD Short Fakeout TradeAUDUSD Short Fakeout Trade
We closed above Previous Day High + Weekly High with and return below the zone, structure
Stop Loss 10 pips above the new wick: 0.69536
Take Profit: 0.69130
1. R:R 1:1, 0.5% Risk
2. After reaching TP closing half and moving SL to Breakeven
3. Trailing the rest with market structure on M15 and later H1
Close the loser before hitting full SL if price moves back to the breakout level without follow-through.
Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1.
AUDUSD upside target 0.703On the weekly chart, AUDUSD is rising strongly, and the bulls are obviously strong. At present, we can pay attention to the support near 0.690. If it falls back and stabilizes, we can consider continuing to buy. The upper resistance is around 0.703.
Weekly Forecast - Dollar Sell-off Looks AttractiveWhile price has been largely corrective on the dollar, price continues to trade lower in that corrective manner so instead of anticipating the deeper correction (which will come sooner or later), We should focus on what price is doing right now and trade accordingly.
GBPJPY & USDJPY both had aggressive sell-off's out of key daily areas last week, which makes achieving the daily downside targets highly probable. I'll be monitoring the current correction on both these pairs for continuation lower.
EURUSD & AUDUSD are both not on watch due to daily upside targets being achieved and no longer trading within a daily range as per my plan so I'll be risk off on these until the respective 4H structure's shift to the downside and a counter-trend is established towards fresh 1D EPD. Further upside appreciation can be expected on both these pairs in line with the DXY bias.
AUDUSD InsightHello, dear subscribers!
Please feel free to share your personal opinions in the comments. Don't forget to hit the booster and subscribe!
The U.S. Personal Consumption Expenditure (PCE) price index for August has been released. It came in at 2.2% year-over-year, falling below both the market's expectation of 2.3% and last month's figure of 2.5%. The core PCE price index also fell short of expectations, increasing by just 0.1% month-over-month compared to the expected 0.2%, indicating a slowdown in inflation. The release of the PCE price index put downward pressure on the dollar.
Meanwhile, in Japan, former LDP Secretary General Shigeru Ishiba, who is considered a supporter of the Bank of Japan's interest rate normalization path, has been elected as the next Prime Minister. If Shigeru Ishiba takes office, it is expected that the Bank of Japan will face pressure to raise interest rates, which has led to a strengthening of the yen.
On the 24th, the Reserve Bank of Australia held its key interest rate steady, but stated that it would not rule out further rate hikes, as inflation has not yet shown signs of slowing. Reuters reported that the possibility of a rate cut by the RBA within the year has been lowered from 64% to 59%.
- October 1: Fed Chair Powell’s speech, Eurozone September Consumer Price Index
- October 4: U.S. September Non-Farm Payrolls, Unemployment Rate
AUD/USD has successfully broken through the resistance line of 0.69000, suggesting further gains up to the 0.71500 level. Given the weakening outlook for an RBA rate cut, AUD/USD is expected to gain further momentum. However, it is still uncertain whether it will break through the resistance at 0.71500, and we will reassess the direction once it reaches the high point.
If, contrary to expectations, a downtrend emerges, we will adjust the strategy accordingly.
AUD/USD BEARS AT PLAYAUDUSD has recently hit the 52 week high and appears to have formed a bearish pennant- Price may edge higher before a large drop- Trading is risky business and this analysis is not meant for investment purposes- Thanks for viewing
AUD/USD - Potential Rebound from Support on 15-Minute ChartOn the 15-minute chart, if AUD/USD pulls back to the current support level, there’s a strong possibility of a rebound. This support has held well in previous sessions, and a bounce from this zone could signal a bullish move. However, it’s important to watch for confirmation with bullish candlestick patterns or volume increase before considering entry. A break below this support would invalidate the bullish outlook.
AUDUSD Potential LongLooking for AU to do a pullback before it takes last weeks high, best case scenario it pulls back down into entry after midnight otherwise I can change my mind if price doesn't look right or it consolidates too much I will adapt to price... worst case scenario it goes to my entry takes me out and will look for sells after, I like my odds lets wait and see..
AUDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.68900 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.68900 support and resistance area.
Trade safe, Joe.
FULL AUDUSD ANALYSISHello my wonderful community !
I’m back again
I really appreciate you guys for reviewing my charts
Kindly like and comment on how you feel the market will go , I’m open to learn and communicate with other hardworking traders on here.
The colors for each line/zone
Monthly - Yellow
Weekly - Orange
Daily - Green
4H - Red
1H - Purple
My Monthly chart view:
Ever since 2021, price has been in a downtrend by making Lower highs and Lower lows.
Price breaks a major Support area and turns it to a dynamic resisitance area and respects the EMA 50.
Take note as price is in a range and respecting the newly formed monthly resistance line (0.7050) and support line (0.6300).
My Weekly chart view:
Going into the weekly TimeFrame, it is truly clear that bears has been in full control of price from 2022 until 2023 displaying a down trend.
Price is currently not making lower lows and has been ranging from the beginning of 2023 till recent
Last week price made a new higher high.
Going down further to get clarity
My Daily chart view:
Price is in an uptrend after breaking the daily resistance in green (0.68700), Waiting on a retest or more volume from the bulls to see price start heading for the Monthly resistance line in yellow.
Until then I will go down to smaller timeframes to see market setups
My 4H chart view:
As we move into the smaller timeframe of the 4H period, the market seems to be clearer
So I’ll go further and look for buy Setups as bulls seems to be coming in strong with rising momentum after the break of the daily resistance line in green(0.68700)
To play safe for me to feel comfortable in capturing a buy setup , I’m waiting for a few confluence to put the odds in my favor , probably wait till the end of the first week of October
My 1H chart view:
On the hourly and anything below this timeframe , I can choose to capitalize by scalping and looking for buy entries that is validated by my own trading style
Fibonacci tool will be good once I can see a formation of the last trend line, I’m patiently waiting for the market to reveal itself.
I will be back to review this trade and see how things go
Avoid entry of any trade during any major news that will affect price and this is not financial advise
-> NEWSCHOOLTRADER
AudUsd Trade IdeaI see 3 potential moves happening for AU. Price either retest the previous higher high to continue bullish up to 69350, respect the last higher low at 68750 to confirm a bullish range between 68750 and 69350 or break bullish structures to respect the overall range of 68200 and 69350. Price has been ranging between 68200 and 69350 since last week so we'll see if this week price can break the range and head to the upside or continue ranging and possibly crash below 68200 for the week. We'll see.
Sell audusdA strong selling expected in this pair
A complete detailed audusd analysis
On weekly time frame downtrend line tested and closes inside
Daily supply levels
Weekly and daily overbought , it needed to liquidate and some balance
Minimum 500 pips target
Idea on a zoneThe Australian Dollar (AUD) could edge higher, but it is unlikely to be able to break above 0.6930. In the longer run, AUD has to break and remain above 0.6930 before an advance to 0.6980 can be expected, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
AUD has to remain above 0.6930 to advance towards 0.6980
24-HOUR VIEW: “We highlighted yesterday that AUD ‘could dip below 0.6800 before stabilisation can be expected.’ However, AUD rebounded strongly, reaching a high of 0.6905. The strong rebound has resulted in an increase in momentum, albeit not much. Today, we expect AUD to edge higher, but it is unlikely to be able to break above 0.6930. Support is at 0.6875; a breach of 0.6840 would mean that the current mild upward pressure has eased.”
AUD/USD Bearish Butterfly Pattern: High-Probability Short SetupWe identify a Bearish Butterfly Harmonic pattern forming on the AUD/USD chart, which could provide a profitable short trade opportunity. Here's a breakdown of the strategy:
1. Harmonic Pattern Formation
The pattern follows specific Fibonacci retracement and extension levels, with key points outlined:
Point X: The start of the upward movement.
Point A: First bullish impulse.
Point B: A correction to around the 0.618 Fibonacci level of XA.
Point C: A smaller bullish movement, retracing to 0.786–0.886 of AB.
Point D: Projected to form near 0.6900, signaling the end of the bullish cycle and a potential reversal.
2. Reversal Confirmation at Point D
TDIGM Oscillator: Overbought readings near 70 suggest the market is stretched and ready for a correction.
Fibonacci Resistance: Point D coincides with key Fibonacci extensions, reinforcing the bearish bias.
Candle Patterns: Look for reversal patterns like bearish engulfing or shooting star for additional confirmation.
3. Short Entry
Ideal Entry: Between 0.6880 and 0.6900 after confirmation of resistance.
Stop Loss: Above 0.6950 to protect against potential continuation of the bullish trend.
4. Price Targets
First Target (T1): 0.6644 (Fibonacci 0.618 level and dynamic support).
Second Target (T2): 0.6461 (Fibonacci 0.786 level).
This Bearish Butterfly pattern presents a highly probable shorting opportunity on the AUD/USD. With strong confluence of technical signals around the 0.6900 level, careful entry and risk management could lead to a highly profitable trade. As always, monitor price action closely on lower timeframes for additional confirmation.
AUDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
