Read The AUDUSD MarketLet's Looking at AUDUSD Chart in all Scales and Prepare For start this Week, Good Luck With Your Trades <3
AUDUSD trade ideas
CHART BREAKDOWN AUDUSD: Key Levels, Targets and Thoughts!Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 0.64170 to 0.64210, respectively, is highlighted.
Things I Have Seen👀:
Important Supply Zone🟢: Identified between 0.64170 and 0.64210 serving as a low-risk sell.
Bearish Targets📉:
0.63980 : Possible retracement area.
0.63850 : Possible retracement area.
0.63800 : Possible retracement area.
0.63600: Possible retracement area.
0.63650 : Significant supply zone.
0.63500 : Liquidity area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
AUDUSD_1D&1WAnalysis and review of the Australian dollar economy Elliott wave analysis style Mid-term and long-term time frames The Australian dollar is in a downward trend. The most important resistances are 0.67545 and 0.64611 Trading position from sell to buy The market is in a big ABC correction wave, we are currently in wave B. The main support and target is 0.60000.
AUDUSD FORCASTAUDUSD Based on this Time Frame to Sell
Near Price Breakout after the test the Support Zone 0.62400
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AUD/USD Bearish Continuation AUD/USD is currently bearish and strongly approaching monthly demand area, with good R:R we may swing it and hope to catch the fall.
AUDUSD still bearish AUD/USD Chart Analysis and Trade Setup (4H Timeframe)
Technical Analysis:
1. Ichimoku Cloud:
Price Action: The price is trading below the Kumo Cloud, signaling a bearish bias.
Tenkan-Sen (Blue Line) and Kijun-Sen (Red Line): The Tenkan-Sen remains below the Kijun-Sen, which confirms bearish momentum.
Cloud Outlook: The future Kumo (to the right) remains red, indicating that bearish sentiment is likely to persist.
2. Support and Resistance:
Immediate Support: 0.63500, as the price is currently testing this level.
Resistance Levels:
0.63790 (first hurdle),
0.63911 (stronger short-term resistance).
If support at 0.63500 breaks, the next downside target will likely be 0.63259.
3. Volume:
Volume is relatively moderate but has picked up as the price tests support, suggesting a potential breakout to the downside if sellers gain control.
4. Candlestick Patterns:
A series of bearish candles is seen, with no strong reversal patterns as of now.
A bearish continuation setup may unfold if the price closes below 0.63500 on the next candle.
Trade Setup:
1. Bearish Scenario:
Entry: Short the AUD/USD pair if the price closes below 0.63500.
Target:
First take-profit at 0.63259,
Extended target at 0.63000 if bearish momentum accelerates.
Stop-Loss: Place a stop above 0.63790 (resistance).
Risk/Reward: Ensure a minimum ratio of 1:2 for profitability.
2. Bullish Reversal Setup (Less Probable):
If the price bounces off 0.63500:
Entry: Long above 0.63790.
Target: First at 0.63911 and next at 0.64261.
Stop-Loss: Below 0.63450 to minimize risk.
Conclusion:
Current bias is bearish with potential for further downside if support at 0.63500 breaks.
Watch for volume confirmation and price action around key support levels before entering trades. A bounce would signal short-term relief, but the trend remains bearish as long as the price trades below the cloud and resistance areas.
AUDUSD looking for long on small time fram ?To me AU weekly chart hit support and come to the zone where price used to bounce back up.. I am looking on smaller time fram for a long.. Hopefully next week give us a good chance ..
AUDUSD downside target 0.6270In the chart, AUDUSD is currently running below the downward trend line, and the bearish trend is obvious. Yesterday's market closed with a bearish pinbar pattern. Currently, you can pay attention to the area around 0.639. If the rebound is blocked, you can consider shorting. Pay attention to the support near 0.627 below.
Lingrid | AUDUSD trend CONTINUATION tradeThe price perfectly fulfills my last idea. It reached target. FX:AUDUSD is currently showing a bearish trend by a series of lower lows and lower closes. After pulling back from its support level, the market retested the resistance zone, only to fall back down. I expect the downtrend to continue, with the price likely to move further downwards. Notably, a long-tailed candle formed at the resistance zone, hinting at a potential reversal and trend continuation. I expect the price move below the psychological level at 0.64000 and retest the support zones. My goal is support zone around 0.63780
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Will the better-than-expected employment data revert AUD's trend+ Macro theme:
The RBA kept rates at 4.35%, sounding more optimistic about inflation and hinting at future cuts. But Thu's job numbers might spoil those plans—Unemployment Rate dropped to 3.9%, showing a surprisingly strong labor market. This hot jobs data could push back those early 2025 rate-cut forecasts many have been making.
+ Technical theme:
- AUDUSD found support and bounced above 0.6365. The price is within the descending channel and below both EMAs, indicating a bearish momentum persists.
- If AUDUSD extends its decline below 0.6365, the price may retest the subsequent support at 0.6300, confluence with the 100% level of Fibonacci Extension.
- On the contrary, if AUDUSD surges above 0.6474, breaking its descending channel and EMA21, the price may retest the following resistance around 0.6560.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
'Real' Market Structure ExplainedThis is the 'Real' Market Structure the Algo follows to deliver price.
It's part of the 28dto100k Challenge and if you look good, you can find a way to join that challenge ;-)
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AUDUSD 2H ShortBearish trend continuation on AUD/USD 2H chart, with price rejecting the Kijun-Sen and remaining below the Ichimoku cloud, confirming downside momentum. Entry near 0.635, stop at 0.638, and target at 0.633, aligning with the prevailing bearish trend. Chikou Span below price action adds further confirmation of bearish sentiment.
AUD-USD Risky Long! Buy!
Hello,Traders!
AUD-USD is approaching
A horizontal support of 0.6335
So despite a strong downtrend
We will be expecting a
Local bullish rebound
And a move up
Buy!
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Check out other forecasts below too!
AUDUSD focuses on rebound short selling opportunitiesOn the daily chart, AUDUSD continues to decline, and the bearish trend is obvious. At present, attention can be paid to the resistance near 0.642. If the rebound is blocked, consider continuing to short. The support below is around 0.635. After breaking through, the support below is around 0.627.
Objectives complete and now we have new plans... AUDUSDGreetings fellow traders!
All the major targets marked in the previous idea have been achieved.
The new plan for now is observing what the market does. We do have a bullish Purge and Revert in progress in AUDUSD on the daily. Long till 0.64700. Apart from that, we also have a daily volume imbalance which would draw price towards it. Attaching the daily chart for reference.
Have an insightful trading week ahead!
Disclaimer- All content is for educational purposes only and not trading advice.
AUDUSD 4H SWING TRADE IDEAThe current overall direction for The Australian dollar is a downtrend with multiple ranges on the lower timeframes respectively while gathering liquidity points and levels to be taken out upwards before eventually moving back down in the upcoming weeks.
Current price: 0.63669
POI: 0.62697(If the price gets to this level, we should get a position if a signal appears)
AUDUSD (2D) HIGH-RISK OPPORTUNITY, UPTREND⚠️ Here's a HIGH-RISK OPPORTUNITY to capture the UPTREND RETRACEMENT before it returns to the High Timeframe downtrend.
SLO2 @ 0.7235 ⏳
RESISTANCE @ 0.71769
SLO1 @ 0.7138 ⏳
TP4 @ 0.7090
TP3 @ 0.6914 (Resistance, minor)
TP2 @ 0.6800
TP1 @ 0.6636
BLO1 0.6469 ⏳
BLO2 0.6366 📈
⚠️Holding a Long Position above 0.6914 is HIGH-RISK
[AUDUSD] Reversal long on daily levelAfter a rejection on major daily/weekly level, FX:AUDUSD is trying to change the structure to go higher.
Here is my first long entry for this swing position in construction.
Great Trade !
good position For buy AUDUSDgood position support zone For buy signal AUDUSD
now is risky
after break is low risk
