You Should SELL AUDUSDAUDUSD is having a strong bearish pressure. Price is trading below the 50 and 200 ema from 30min to weekly timeframe.by david_asamoah27162
AUDUSD to bounce from oversold extremes?AUDUSD - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. Bullish divergence is expected to support prices. Previous support at 0.6585 now becomes resistance. A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level. We look to Buy a break of 0.6585 (stop at 0.6560) Our profit targets will be 0.6645 and 0.6660 Resistance: 0.6620 / 0.6660 / 0.6720 Support: 0.6560 / 0.6530 / 0.6500 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed. Longby OANDA11
AUDUSD BEARISHAUDUSD bearish in h1 printing lower low& lower high no sign for revesal bullish move in a descending channelShortby shahid767Updated 3
SMALL RISE ON AU??Price is holding the 15 min low in the current range indicating a small retracement is on the cards. Target is the 15 min inverse resistance where the overall bearish trend is likely to continue from. ONLY TIME WILL TELL.Longby Izzy_Aaronson1
We've waited months for this...Hey So Discount HTF S&R Prices were hit: Monthly Volume Weekly Bullish Order block Strong Reaction off both Entry Model: 4hr BO + Daily Volume Re-test Normally wouldn't trade this pair but we know what we have been looking for.Longby OutlierTrading4
DeGRAM | AUDUSD rebound from the channel boundaryAUDUSD is moving in a descending channel under the trend lines. The chart has already reached the lower boundary of the channel and the support level. The price has approached the trend line. We expect growth after consolidation above the trend line. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAM1111
AUD/USDAUD/USD Analysis Technical Analysis : The AUD/USD is in a clear downtrend, with price trading below the 50 and 200 EMAs. Key support is at 0.6550, and resistance is around 0.6600. The Squeeze Momentum (SQZMOM) indicator shows red bars, signaling continued selling pressure, aligning with the overall bearish sentiment. Fundamental Analysis : Strong U.S. GDP growth of 2.8% contrasts with weaker Australian fundamentals impacted by reduced Chinese demand, adding pressure on the AUD. Trade Plan: • Entry: Short near 0.6580-0.6590 • Stop-Loss: 0.6610 • Target: 0.6500Shortby azizy73223
AUDUSDAudusd is bearish TREND:bearish confluence: trendline,fibonnaci,supply zone,chart patternShortby Showboi-fxUpdated 7710
AUDUSD Buy Setup [15m]Today, we will analyze AUDUSD Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section. Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.Longby Biaxar2
AUDUSD Current market conditions show trend continuation signals across multiple timeframes, with key levels identified for potential entries and targets.Shortby FXNestFX110
Is the Australian dollar a buy? I think so!A beaitiful wedge pattern may have completed as 10/26/2024. I am going out on a limb to call this a bottom! So trade at your own risk, as this is for educational purposes only! Good luck with your trading!'by RaSantana1
AUDUSDBreak of structure towards bottom side after poor cpi news, expect trend to continue pushing lower.Shortby salmanmahmood1993
AUDUSDThere is Bearish trend but we found Bullish Divergence and also Falling Wedge reversal Pattern. So, will take entry when the reversal will be confirm when it will break the last LH.Longby AlamdarHaider1
Using Renko Charts to Uncover SECRET Bank LevelsRenko charting has a unique way of displaying price data by filtering out smaller fluctuations and focusing only on substantial price moves. With a setting of Average True Range (ATR) 13, Renko charts become even more powerful for finding key institutional levels—what many traders call "secret bank levels." These are the levels where large institutional traders place their orders, often leading to significant price moves. In this tutorial, we’ll dive into how you can use Renko charts with an ATR setting of 13 to identify these bank levels and improve your trading strategy. What Are Secret Bank Levels? Institutional or bank levels are price points where big players—like banks and hedge funds—are likely to buy or sell in large quantities. Retail traders can leverage these levels by understanding where the big money is moving, aligning their trades accordingly. Renko charts, with their clarity in price movement, help identify these areas by smoothing out noise and highlighting essential support and resistance zones. Why Renko Charts? Renko charts are designed to filter out minor price movements, providing a cleaner view of market trends by focusing solely on significant price changes. Unlike time-based charts, Renko charts print a new "brick" only when price moves by a specified amount, determined here by the ATR 13 setting. This brick-by-brick approach can reveal clear levels where price repeatedly finds support or resistance, often signaling where major institutions are setting up their positions. Setting Up Renko with ATR (13) Choose Your Charting Platform: Most charting software, including TradingView and MetaTrader, offers Renko charting. Make sure your platform supports Renko and ATR-based calculations. Configure Renko with ATR (13): Open the Renko chart on your selected asset (e.g., EUR/USD, GBP/USD). In your settings, set the brick size to use the ATR indicator and specify an ATR length of 13. This setting is designed to adjust the brick size based on the recent average true range, capturing a balanced view of price movement. This 13-period setting adapts to recent market volatility, allowing Renko bricks to reveal significant price movements that matter to large institutional players. Adjust Timeframes: Since Renko charts don’t follow traditional time-based intervals, switch between higher and lower timeframes (like the 1-hour or 4-hour charts) to observe different levels of institutional interest. Higher timeframes generally provide more reliable secret bank levels, but you can switch to lower timeframes for refined entry points. Identifying Bank Levels with Renko and ATR (13) Now that your chart is set up, let's move on to the process of identifying institutional levels. 1. Look for Brick Clusters at Key Levels Renko bricks tend to form clusters at significant institutional levels. When you see several bricks stacked horizontally with little movement, it often indicates a zone where price is struggling to break through, either as strong support or resistance. Use these clusters as potential entry or exit points, aligning with the institutional flow. 2. Identify Breakouts and Rejections When price breaks out of a cluster or encounters rejection (where bricks reverse direction after hitting a level), you may be witnessing bank-level reactions. Watch for bricks that quickly shift direction after hitting a level—these can signal that institutions have stepped in to either push price further or halt its momentum. 3. Note Patterns and Reversals at Round Numbers Banks and institutions often place orders at round numbers, which are psychologically significant levels (like 1.2000, 1.2500). As Renko charts with ATR (13) are sensitive to significant price changes, they can help highlight when price respects or bounces off these round numbers, offering clues to potential institutional zones. Practical Example: Trading Secret Bank Levels with Renko Let’s say you’re analyzing EUR/USD on a Renko chart with an ATR 13 setting. Identify Clusters at 1.2000: After setting up your chart, you observe a cluster of Renko bricks at 1.2000, indicating a strong support zone. This level has held multiple times, suggesting institutional buying interest. Wait for a Brick Breakout: You then see price breaking out with consecutive Renko bricks closing above 1.2000. This breakout suggests that the buying pressure might push prices higher. Enter and Manage Your Position: Take a buy position after confirming the breakout. Set your stop loss just below the cluster at 1.1980 to minimize risk. If you’re looking for a shorter-term position, aim for profit at the next round number, like 1.2100. For a longer-term trade, follow Renko’s direction, adjusting your stop as the bricks move. Tips for Trading Bank Levels with Renko and ATR (13) Trust Your Levels: Renko charts can simplify your analysis, but it’s easy to second-guess your levels. If you’ve identified strong clusters or patterns at certain price points, trust your analysis. Use Alerts to Avoid Over-Trading: TradingView and other platforms allow you to set alerts at specific price levels. This way, you won’t need to stare at charts all day. Thank you for watching and feel free to leave a comment to let me know your thoughts on Renko and if you see yourself using this chart type. -TL TurnerEducation20:00by TLTurnerTV223
AUDUSD TODAYAUDUSD TODAY for me is sell. My risk is 1 % account. I always remember about SL target is 1:1Shortby xMastersFXUpdated 331
AUDUSD BUY SETUP !!“I learned early that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I’ve never forgotten that.” – Jesse LivermoreLongby Siphesihle_Brian_ThusiUpdated 16
AU sell Overall trend is still Sell. When the market make a lower low. We wait for a pullback for entry in SellShortby tradingwith_ryann1
AUDUSD UPDATE - Can Support Hold for Correction Attempt?20SMA - Blue 200SMA - Pink Key Confluence Areas - Grey Lines Resistance & Support - Dashed Green & Red Lines Your interest motivates me. How I see it: If Support holds, we might be treated to the overdue correction relief. If not, the hammer will remain in charge! Thank you for your time reading, boosting or following my analysis. I deeply appreciate it.by ANROC2215
AUDUSD🇭🇲🇺🇲 Bearish momentum continuesSince the US Dollar has been gaining strength every currency it's pairs against keeps declining and that's what's happening with AUDUSD.Shortby CAPITALPFX1
AUDUSD: 4D/4H Curve AnalysisPIVOT HIGH = Resistance @ 0.69348 PIVOT LOW = Support @ 0.64724 ⚠️ HIGH RISK SELL ORDER (with tight stop loss) FINAL TP @ 0.6565Shortby ProfessorCEWard2
AUDUSD holding channel and key Fibonacci levelIntraday Update: The AUDUSD has come very close to the 61.8% retracement at .6575 after bouncing off channel support. Expect this to be support today on any dip. Longby ForexAnalytixPipczar6
AUDUSD BUY STOPAUDUSD is making lower Highs and lower Lows, it is in down trend but now it formed RSI divergence. it will likely to change its up trend into up trend so place the buy stop order above LHLongby Trade_With_Shahbaz6
AUDUSD Possible Reversal?With my analysis I believe AU is looking very cheap to buy into, there's been momentum slowdown in the past week from the sell off as the markets have been moving more sideways while staying bearish. A break above the latest high formed would confirm a MSS and indicate an accumulation playing out. Longby whoisp3