AUDUSD trade ideas
Read The AUDUSD MarketLet's Look at AUDUSD Price Actions and find some Trade Opportunities, Good Luck With Your Trades <3
AUDUSD SHORT TERM SELLdue to DXY still being bullish with no signs of retracement, AU can be seen as a short term re- distribution. wait for selling pressure at this zone and enter using LTF conformation.
AUDUSD Short Pullback TradeAUDUSD Short Pullback Trade
We rejected PDL. Created lower low, possible new local lower high to join the trend on pullback.
Stop Loss above the recent high: 0.66997
Take Profit: 0.66769
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 later H1
- Close the loser before hitting full SL if the retracement extends and the price does not confirm the anticipated reversal.
- Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1 or if momentum weakens indicated by MACD oscillator, consider closing the remaining position early to lock in profits.
*No important news for AUDUSD today*
AUDUSD - Possible Levels to Short20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Resistance & Support - Dashed Green & Red Lines
Your interest motivates me.
How I see it:
Pair struggling to find demand / support.
I'm waiting patiently for a bounce / correction.
Possible Levels to short from indicated.
Thank you for your time reading, boosting or following my analysis.
I deeply appreciate it.
AUDUSD 2024.10.16 05:15:08 Trading Signal SELL FrankPro Signal for AUDUSD
Type: Screen
Signal: SELL
TP: 0.665895
SL: 0.6696
Entry Price: 0.66903
Flexity Analysis for AUDUSD
Forecast Overall(Short-Term, Long-Term): ST=Strong Down LT=Probably Down
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Down
ST=Down LT=Up
ST=Down LT=Down
FlexityIndicator Analysis Method(0)
AUD/USD Pair Expectations
Short-term (next few days)
Key Points Expectations
Resistance Area Test near 0.6775 before potentially continuing its fall below 0.6605
Moving Averages Indicate a short-term bullish trend, but broken through the bullish channel, indicating seller pressure
FX Option Expiries Levels at 0.6675, 0.6730, 0.6775, and 0.6800 may influence market sentiment and price movements
Expected short-term movement: Down
Long-term (next few weeks/months)
Overall Outlook: Cautious due to global economic uncertainties, including the situation in the Middle East and China's economic challenges
RBA Interest Rates: Expected to remain unchanged at 4.35%, which could influence the AUD/USD pair
Long-term Trend: Uncertain, but a strong growth and breakout above 0.6865 would suggest continued growth towards 0.7215
Expected long-term movement: Neutral (with a slight bearish bias due to global economic uncertainties)
Please note that these expectations are based on the provided analysis and are subject to change as new data and events become available.
Result: ST=Down LT=Down
FlexityIndicator Analysis Method(1)
AUD/USD Price Movement Forecast
Short-term Outlook (Next Few Days/Week)
The price is expected to go down. Here are the key points to consider:
The technical analysis indicates a potential continuation of the fall.
A test of the resistance area near 0.6775 is expected, followed by a downward price rebound to the area below 0.6605.
The pair has faced renewed selling pressure, testing the 0.6700 support level.
A retest of the October low of 0.6699 and the September low of 0.6622 is possible.
Long-term Outlook (Month of October 2024)
The price is expected to go up slightly. Here are the key points to consider:
Forecast Metric Value
Starting Rate (Oct 1) 0.644
Ending Rate (Oct 31) 0.662
Average Rate 0.656
Monthly Increase 2.8%
Overall Outlook
The short-term outlook is bearish, while the long-term outlook is slightly bullish. However, please note that market conditions and forecasts can change rapidly, and these conclusions are based on the provided analysis and data as of October 15, 2024.
Result: ST=Down LT=Up
FlexityIndicator Analysis Method(2)
**AUD/USD Price Movement Analysis** **Short-term (next few days to a week)**
Expected Price Movement The price is expected to go down.
Reasons
Lack of clear fiscal stimulus details from China affecting the Australian economy.
Bearish breakdown below the 50 level on the RSI momentum indicator.
Pair has broken through the signal lines downwards, indicating pressure from sellers.
Key Levels
Potential test of the resistance area near 0.6775.
Downward rebound expected, with price potentially falling to below 0.6605.
**Long-term (next few weeks to months)**
Expected Price Movement The price is expected to stay the same or go down.
Reasons
Deflationary risk in China's economy affecting demand for Australian exports.
Lack of specific details on new fiscal stimulus measures.
Broader market sentiment remains cautious due to growing conflicts in the Middle East and rising oil prices.
Key Levels
Failure to hold at 0.6700 could expose the next support at 0.6600.
Potential deeper correction towards 0.6360 if the 0.6600 level is breached.
200-day moving average near 0.6600 may provide some support, with price potentially stabilizing or bouncing back from this level.
**Overall Assessment** The AUD/USD pair is under pressure, and the price is expected to go down in the short term. In the long term, the price may stay the same or go down, depending on the development of the economic situation in China and the broader market sentiment.
Result: ST=Down LT=Down
Could the Aussie reverse from here?AUD/USD is reacting off the pivot which is an overlap support and could rise from this level to the pullback resistance.
Pivot: 0.6686
1st Support: 0.6648
1st Resistance: 0.6732
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AUD/USD Hits One-Month Low: Key Support Levels to WatchHello,
The OANDA:AUDUSD is currently at a one-month low of 0.669565, and further declines are anticipated since the one-year pivot point did not hold as support. Key support levels to watch include 0.673194, 0.665057, 0.656921, and 0.632512. However, we still need to assess how the strong support levels for the one-week and one-day periods perform.
TradeWithTheTrend3344
AUDUSD UPDATED CHARTAny breaks above this high (blue zone) can be seen as a MSS. Pull backs from that area are easy buys.
AUDUSD sellI was bullish in AUD USD last week but as i have observed the chart technically i am expecting a bearish move over the pair, AUD vs US dollar has made a move downward 👇 this week as far technical data is concerned the pair has made a falling wedge pattern a downward move is expected other confluence is 50 SMA , price is moving under the SMA which is another confluence for the price to be bearish we have observed the pair from Monthly to Weekly to Daily to H4 to H1 price is in bearish trend 📉
Long trade on reaction to FVGGood possibility for long trade. Wait in 2h chart for BoS to open position.
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AUDUSD ShortBased on the structure it created after open of new day I see the setup more clear now, I don't think it will fill the open of the week gap like I thought is was before we shall wait and see if price decides to fill our order today.
AUD/USD Market Entry/Exit Analysis For OctoberAUD/USD alike other USD pairs has been slammed.
Persistent strength in the USD has caused this, but would not expect it to last forever.
Looking for rebounds inline with probability.
AUDUSD LONGGiven structural chart formation, AU seems to be intending an upward correction to form head and shoulders. The level interest at hand seems to have been key since in history. So sentiment is a bit certain.
Potential bullish reversal?AUD/USD is falling towards the support level which is an overlap support that lines up with the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6686
Why we like it:
There is an overlap support level that aligns with the 78.6% Fibonacci retracement.
Stop loss: 0.6640
Why we like it:
There is an overlap support level.
Take profit: 0.6748
Why we like it:
There is an overlap resistance level that is slightly below the 23.6% Fibonacci retracement.
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AUDUSD ShortGoing short on AU, I see this pair correlating very similar to GA and I think price is finally ready to move after a range with liquidity set to go short last week was just trapping people on both sides we shall see here soon.
AUDUSD on 4 Hour:Price reached the key level zone looking left, where previously large momentum movements have taken place. Price today has failed to make a new lower low, and when retesting the key level zone buyers pushed price off the zone showing that a shift of trend may be preparing.
Looking for a shift back to the upside above this key region here.
AUD/USD We can see price action is moving smoothly to the downside. I will be waiting for the 1H rejection / insurance entry (15m flag continuation) to take this to the downside.
AUDUSD My Opinion! BUY!
My dear friends,
Please, find my technical outlook for AUDUSD below:
The price is coiling around a solid key level - 0.6723
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.6787
Safe Stop Loss - 0.6684
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
