AUDUSD Sell Stop - Continuing bearish momentum AUDUSD looks to be continuing its bearish momentum showing no RSI divergence and taking resistance at trendlines. Planning sell on break of latest support as follows EP: 0.65336 SL: 0.65737 TP1: 0.64935 TP2: 0.64540Shortby linkwithasad2
AUDUSD FOREX 1H TIME FRAME DATE 7/28/2024Sentiment Analysis (July 27, 2024): Intraday Sentiment: 48% bearish, 52% bullish Daily Sentiment: 50% bearish, 50% bullish Overall Sentiment: The sentiment is neutral, but with a slight tilt towards buying. Upcoming Economic Events and Trading Recommendations: Monday, July 29, 2024 04:30 PM ET - United States Dallas Fed Manufacturing Index Expectation: PMI expected at 53.00 Recommendation: Sell AUD/USD Tuesday, July 30, 2024 03:30 AM ET - Australia Building Permits MoM (Preliminary) Expectation: 0.70% Recommendation: Buy AUD/USD 04:00 PM ET - United States JOLTs Job Openings (June) Expectation: Unemployment Rate expected to increase to 4.10% Recommendation: Sell AUD/USD Wednesday, July 31, 2024 03:30 AM ET - Australia Monthly CPI Indicator & Retail Sales MoM Expectation: Inflation Rate and Retail Sales data Recommendation: Buy AUD/USD 02:15 PM ET - United States ADP Employment Change (July) Expectation: Unemployment Rate expected at 4.00% Recommendation: Buy AUD/USD 03:45 PM ET - United States Chicago PMI (July) Expectation: PMI expected at 45.00 Recommendation: Sell AUD/USD 04:00 PM ET - United States Pending Home Sales MoM Expectation: Existing Home Sales expected at 4300 Thousand Recommendation: Buy AUD/USD 08:00 PM ET - United States Fed Interest Rate Decision Expectation: Rate expected at 5.50% Recommendation: Sell AUD/USD Thursday, August 01, 2024 01:00 AM ET - Australia Judo Bank Manufacturing PMI Final Expectation: PMI expected at 49.00 Recommendation: Sell AUD/USD 03:30 AM ET - Australia Balance of Trade (June) Expectation: Balance of Trade expected at 8200 Million AUD Recommendation: Sell AUD/USD 02:30 PM ET - United States Initial Jobless Claims Expectation: Unemployment Rate expected at 4.00% Recommendation: Buy AUD/USD 03:45 PM ET - United States S&P Global Manufacturing PMI Final Expectation: PMI expected at 53.00 Recommendation: Sell AUD/USD 04:00 PM ET - United States ISM Manufacturing PMI Expectation: PMI expected at 53.00 Recommendation: Sell AUD/USD Friday, August 02, 2024 03:30 AM ET - Australia PPI QoQ Expectation: Producer Price Inflation expected at 0.60% Recommendation: Buy AUD/USD 02:30 PM ET - United States Non-Farm Payrolls Expectation: 130,000 jobs Recommendation: Buy AUD/USDLongby spacedevil111151
Audusd short 2 targetAudusd as been in a downtrend for a while and i don't expect him to reverse soon , you can see on my chart that i have to principale target for this trade, i feel like price could easily retest 0.6200 or 0.65350 , sellers are still controlling for now.Shortby theunscriptedacademy0
AUDUSD BUY IDEA technical approachas Aussie sells off looking to oversold zone at Daily OB RSI over sold Resting liquidity just above fresh Demand daily zone Longby Mdsman53
AUDUSD ShortReversal pattern observed on Fibo 50 level of 1 H down leg. Sold at breakout.Shortby noumannaseer1
AUDUSD two scenarios trading**Monthly Chart** AUDUSD monthly chart shows that it is moving within a range from June 2023 high of 0.68996 and Oct 2023 low of 0.62700 levels. The previous month's candle closed as bullish indecision after testing the Imbalance Price Action candle (or FVG) of Jan 2024. This month's candle (still active), moved higher to test the range of IPA once more and sold off at around 0.68000 which has provided a high probability trading setup with low risk to move lower on lower time frames (ie. Daily and 4H). I am interested to see how this month (July 2024) will close which provides an indicative direction on AUDUSD next movements from a technical view point. **Weekly Chart** Last week's candle closed as a bearish IPA suggesting the next trajectory to be lower at least to reach the lower target at around 0.646600 level. However, there is also an upside bias for AUDUSD to move higher to sweep liquidity at 0.68000 and then move towards a monthly high at around 0.69000 levels. As the price ranges on the weekly chart, it has two opposite scenarios (ie. Buy and Sell) at certain levels on lower time frames. **Daily Chart** Last week AUDUSD continued it’s move to the downside after it bounced from the key level at 0.68000 (round number). The move was aggressively bearish which indicates a continuation of the downward momentum at least to reach the 0.63500 level I have marked the two expected scenarios in the chart for reference.Shortby PropSignals224
AUDUSD: Bearish Outlook For Next Week 🇦🇺🇺🇸 AUDUSD broke and closed below a key daily structure support. After its violation, the pair started to recover steadily within a rising wedge pattern. Retesting the broken structure, the price formed a double top pattern. After that, the market violated both the neckline of a double top and a trend line of a rising wedge, giving us a strong bearish confirmation. We can expect a bearish movement on Monday. Goals: 0.6537 / 0.652 ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader224
AUDUSD Symmetrical TriangleThe AUDUSD is in a multi-year Symmetrical Triangle, which commenced in October 22. Wave - There have been two waves up and two waves down. Both waves down have been 886 Fibonacci retracements. In mid- July 2024 a false break took place and price has re-entered this consolidation. Volatility - The selling pressure has been intense, with price free falling in the last 2 weeks. It was a sustained move, rather than volatile, as the Daily ATR was only 40 pips (in high volatility it can be 120). Momentum - This is further evidenced by the rapid decline of the RSI from OB to OS. Candlesticks - The last candle on Friday was an inverted hammer. The buyers have returned after 9 straight days of printing lower highs and lower lows. It's whether the buyers step in early next week and put a holt to this downturn ( Bullish Engulfing Candle) or not ( Bearish Candle or Doji) . For this pattern to hold, price needs to move again with an 886 correction to the supporting trendline at .6415. by Umlingo0
AUD_USD RESISTANCE AHEAD|SHORT| ✅AUD_USD is going up now But a strong resistance level is ahead at 0.6590 Thus I am expecting a pullback And a move down towards the target at 0.6540 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx0
AUDUSD Expected Growth! BUY! My dear followers, I analysed this chart on AUDUSD and concluded the following: The market is trading on 0.6558 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.6615 Safe Stop Loss - 0.6523 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK Longby AnabelSignals114
AUDUSD_BUYING OPPORTUNITYTECHNICAL OUTLOOK AT 1H: 1. Bullish Divergence at 1H 2. Rejected by support zone at 4H TRADE PLAN: I would recommend to take entry at the break of last LH which is above red dotted line. Longby MBS-TRADES2
Analysis of AUD/USD: Exchange Rate Falls to Early May LowAnalysis of AUD/USD: Exchange Rate Falls to Early May Low As indicated by the 4-hour AUD/USD chart today: → the rate fell below 0.652, a level last seen on May 2; → the RSI indicator dropped below 15, a level last seen during the panic over the spread of COVID-19 in spring 2020. The weakening of the Australian dollar could be linked to participants' expectations of upcoming news: → the US Core PCE Price Index will be published today at 15:30 GMT+3; → next week, Australian inflation data and the Federal Reserve's interest rate decision (both events scheduled for Wednesday) will be released. Is further decline in the AUD/USD rate possible? It is possible that the release of significant news could trigger a surge in volatility, causing the AUD/USD rate to fall below the recent monthly low of 0.652. However, technical analysis of the AUD/USD chart suggests a potential recovery scenario: → The sequence of local extremes in the first half of 2024 forms a structure resembling a narrowing triangle. It appears the central axis is around 0.0665, and the bounce from low B indicates support from the Support 1 line. → Therefore, it is reasonable to assume that, in the context of increased volatility in the forex market, the AUD/USD rate has significantly deviated from the average values around 0.0665. At current quotes, some participants might want to lock in profits from short positions and/or position themselves for a short-term recovery of the "Aussie" from the oversold zone, following a 4% drop from A to B in 10 days. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen2210
AUDUSD coming into resistanceIntraday Update: The AUDUSD has bounce from the 161% extension of the June 28th lows to July 10th highs and should find some resistance at previous support at the .6580/90 level today. A break above that would cause a short squeeze into the weekend. by ForexAnalytixPipczar112
Audusd Long for LongAudusd after creating 4 hour support, due to creat new daily high. Joining here would be Gem for buyers. Some downwards moments may happen but overall indication suggesting Buy! CheersLongby Fx_Stuns4
AUD/USD BUY STOP @0.65572Hi Traders we have potential trade on AUD/USD BUY STOP 0.65573. Please do your own analysis before taking any analysis as confirmation. Stay safe and Enjoy your weekend. Certified price action king.Longby Low-keyFXtrader6
AUDUSD: Important Breakout 🇦🇺🇺🇸 AUDUSD broke and closed below a key daily support. The broken support turned into resistance now. I think that the pair has a potential to drop lower after a retest of a broken structure. Next goal - 0.6475 ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader101027
AUD/USD squeeze risk growing?With tentative signs of stablisation in commodity futures and US equity index futures pushing higher in early Asian trade, the prospects for some form of squeeze higher in AUD/USD appear to be growing. You can see just how violent the selloff has been over the past two weeks, leaving it oversold on RSI (14) for the first time since August 2023. But the modest reversal on Thursday after breaking the 61.8% Fib retracement of the April-July low-high is about the closest thing to a bullish signal we’ve seen for the AUD/USD in a while. It’s tempting to go long with a stop below the fib level for protection, but it would be nice to see RSI break its downtrend first to provide confidence that the bearish price momentum is ebbing. Given the acute focus on China, the reaction to the PBOC’s CNY fix in FX markets, and opening of Chinese stock futures, may provide a strong tell on where the near-term path of least resistance lies. If they open firmer, it may increase the probability of AUD/USD upside. AUD/USD a proxy for risk appetite The chart also shows the rolling 10-day correlation between AUD/USD with COMEX copper in orange, crude oil in black, S&P 500 in green and Nasdaq 100 futures in blue. Every single correlation sits north of 0.8 with three of the four hovering around 0.9 or higher. The higher the score, the greater the relationship between the two variables. Taking a step back, the strong correlations suggest AUD/USD is being used as proxy for risk sentiment, a role it has often played previously when we’ve seen boarder risk-on-risk-off moves in markets. That means if we see even a modest improvement in risk appetite, as seen on Thursday when the latest batch of US economic data suggested premonitions of an imminent recession may be misplaced, the AUD/USD could find buyers. The price action in commodity futures is another potential sign that the worst of the rout is over, at least for the moment.Longby WHSelfInvest2
Uptrend An uptrend is expected to form up to the specified resistance range. Then, according to the behavior of the price in this range, the continuation of the movement process will be determined Longby STPFOREX5
Market Overview Part 31 Me Going Over How I Trade With My Robin Trap Strategy In Deep Detail With How I use Market Structure And Multiple Timeframes! 20:00by Tradelord122
Strong bounce at the support areaIt is difficult to break the support area so there will be a correction depending on the scenarioLongby Saeed9666
AUD-USD Will Keep Falling! Sell! Hello,Traders! AUD-USD is trading in a Downtrend and the pair Broke the key horizontal Level of 0.6580 then made A local pullback and is now Going down again so we are Bearish biased and we will Be expecting a further Move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals2214
AUDUSD: Wave b) triangle? Target for C is 0.75?DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS by nmkvijay3
AUDUSD I Two scenarios to consider Welcome back! Let me know your thoughts in the comments! ** AUDUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!07:13by BKTradingAcademy116