Uptrend Considering the behavior of the price in the support range, the continuation of the upward trend according to the specified paths will be probable
AUDUSD trade ideas
AUDUSD InsightHello, subscribers!
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Ahead of the upcoming Jackson Hole Symposium, the Japanese yen has strengthened, causing the Dollar Index to decline by about 0.46%. This yen appreciation appears to be driven by news that the Bank of Japan is considering additional rate hikes. Meanwhile, it's expected that Fed Chair Jerome Powell will reaffirm the current dovish stance at the Jackson Hole Symposium. Notably, Michelle Bowman, a known hawk on the Federal Reserve, hinted that she might support rate cuts if inflation continues to slow down. Remarks from key hawkish figures like Neel Kashkari and Michelle Bowman supporting potential rate cuts have heightened expectations for a rate cut at the Fed's September meeting.
- The minutes of the Federal Open Market Committee meeting will be released on August 22.
- Fed Chair Jerome Powell will give a speech on August 23.
The AUD/USD pair has been steadily rising and is currently approaching its previous high. As there seems to be room for further upward movement toward the 0.69000 level, I will maintain a bullish view. However, I believe it's still a bit early to break through the 0.69000 resistance line, so I expect the pair to break through this line after a short-term pullback and rebound.
If the market moves contrary to expectations, I will quickly adjust my strategy.
Trendline Bounce from support to over bought pivot, risk off sentiment. Realistically no rate cuts for another month, highly likely to see support again soon before then.
BUY AUDUSD looks to be retesting highs on daily RSI strong 1HR
AUDUSD has broken out of a consolidation zone on the 1HR timeframe with bullish RSI strength & the Daily chart looks bullish to be wanting to retest the highs on Daily.
Stop loss: Under the zone 1hr or a tighter Stop will be a better yielder.
AUDUSDAUDUSD is in reversal mode.
Bearish divergence also shown in RSI.
Market sentiment also bearish.
We wait for further confirmation if trend will broke last HL.
audusd sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AUDUSD Rally To Upper TL (Trade Plans)The significant momentum behind AUDUSD comes around as risk on Market mode returns.
Happy to scale into shorts amid long term USD strength, near term CB case may deter this.
Markets, similarly to NZDUSD are still trying to work out where they sit within the current tightening range. Real Sentiment inflow required for any real change of trajectory.
Analyze AUDUSD Chart in All Scales Part.2Let's Analyze AUDUSD Chart in All Scales and Look for Trade Opportunities in This Week, Good Luck With Your Trades :D
Analyze AUDUSD Chart in All Scales Part.1Let's Analyze AUDUSD Chart in All Scales and Look for Trade Opportunities in This Week, Good Luck With Your Trades :D
AUDUSD: RBA considers raising interest rates at its August meetiThe Reserve Bank of Australia considered raising interest rates in early August, recent meeting minutes showed, amid persistent concerns that persistent inflation will persist for longer.
But the central bank decided to stay the course, keeping the base interest rate unchanged at 4.35%.
Members of the central bank's interest rate-setting committee noted that the risk of inflation failing to hit the RBA's annual target of 2% to 3% by the end of 2025 had "increased significantly", marginally version shows.
Bearish reversal?AUD/USD is reacting off the resistance level which is a pullback resistance that is slightly below the 88% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6728
Why we like it:
There is a pullback resistance level which is slightly below the 88% Fibonacci retracement.
Stop loss: 0.6798
Why we like it:
There is a pullback resistance level.
Take profit: 0.6643
Why we like it:
There is an overlap support level which lines up with the 50% Fibonacci retracement.
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Long trade
Date: Wed, 14th Aug 2024
Trade: Buyside
Session: 9:30 PM Tokyo Session (NY Time)
Entry Level: 0.65904
Profit Level: 0.67288 (2.10%)
Stop Level: 0.65763 (0.21%)
Risk-Reward Ratio (RR): 9.82
DCF Bets: WatchlistHere's today's watchlist!
I'm looking for a trap play, followed by a crossing of the 10 EMA (signal line) while supported by the 20 SMA, and in alignment with the capital flow direction to enter the market. These pairs are only valid for today and should be traded during low spread hours. The watchlist is effective until 23:00.
Learn about my strategy by clicking the chart below.
AUDUSD to move higherAUDUSD pair is showing a tendency to move higher. It is predicted to pull back to 0.67300 before continuing its ascent towards 0.68500.
AUDUSD BUY SETUPAUDUSD DAILY: With bearish DXY and strong AUD, AU broke structure continuing bullish.
I will be looking for a continued buy opportunity if we get the retest around 0.6700!
AUDUSD - 4hrs ( Buy Trade Target Range 150 PIP ) Pair Name : AUD/USD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break
0.66900 Area
Reasons
- Major Turn level / W
- Visible Range Lvn
- Pattern Break
- Day / week high Break
- Fixed Range Hvn
Bearish Reversal
0.68600 Area
Reasons
- Major Turn level / D
- Pattern Target
- Visible Range Hvn
- 3 Quarter High
- Fibo Golden Zone
