AUDUSD - BEARISH MOVEHello Traders !
The AUDUSD failed to create a new higher high !
The last higher low is broken (Change of character).
So, I expect a bearish move📉
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TARGET: 0.66440🎯
AUDUSD_ZERO trade ideas
AUDUSD next move(expecting bearish move)FOREXCOM:AUDUSD
as you can see price is in the bearish Triangle it means price can fall to the bottom of the triangle also regular bearish divergence and SMA100 indicates it now price can decreasing to the bottom of the triangle .
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Bearish 1,2,3,4 HR Head 'N' Shoulders AUDUSD
This Short idea is already playing out. It does not appear that price has returned fully to the neckline to complete the Retest. But selling into this could be a good yielder. Good luck.
AUD/USD Weakens Toward 0.6745 and Rising USDThe AUD/USD pair is losing further ground, trading around 0.6745 during the early European session on Tuesday. The Australian Dollar is under pressure due to a widening Current Account deficit in the second quarter, which has dampened sentiment. This economic backdrop, coupled with a modest uptick in the US Dollar and a broader decline in risk appetite, is weighing on the pair.
Market Focus Shifts to US Economic Data
As the market shifts its focus to upcoming top-tier US economic data, the AUD/USD pair is likely to remain volatile. Investors are closely watching these releases for further clues on the direction of the US Dollar, which has been showing signs of strength.
Technical Analysis: Bearish Signals Align
From a technical perspective, the AUD/USD pair has recently rebounded from a key Supply area, suggesting that the upward momentum may be stalling. The Commitment of Traders (COT) report adds another layer to the bearish outlook, showing that retail traders are predominantly bullish on the AUD, a contrarian signal that often suggests potential downside.
Additionally, the presence of divergence and a seasonal bearish pattern further supports the case for continued weakness in the AUD/USD pair. These factors combined indicate that the pair may continue to struggle in the near term.
Trading Strategy: Scalping with a 1:1 Risk-Reward Ratio
Given the current market conditions and the technical setup, a scalp entry with a 1:1 risk-reward ratio could be a prudent approach. While the ideal entry point higher up may have been missed, the ongoing bearish signals provide an opportunity for a short-term trade. Traders looking to capitalize on the continued weakness of the AUD/USD pair might consider this strategy, especially as the pair hovers near key support levels.
Conclusion: Bearish Outlook Amid Economic and Technical Headwinds
The AUD/USD pair faces several headwinds, including a widening Australian Current Account deficit, a stronger US Dollar, and unfavorable technical signals. As the pair continues to lose ground, traders should remain cautious and look for opportunities to capitalize on the bearish trend, particularly in light of upcoming US economic data that could further influence the pair’s direction.
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10.09.24 Morning ForecastPairs on Watch -
AUDUSD
EURNZD
NZDJPY
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
AUDUSD Technical Analysis and Trade Idea👀 👉 The Australian Dollar to US Dollar exchange rate (AUDUSD) has recently broken through significant support levels on both daily and 4-hour charts. This breach suggests a potential continuation of the downward trend, aligning with the broader market sentiment. Based on this, I expect the pair may test its previous lows, as indicated on the chart, before potentially retracing to a point of equilibrium.
My trading approach for this scenario involves patience. I plan to wait for a bullish pullback and position myself for a potential sell opportunity when the price reaches the 50-61.8% Fibonacci retracement level, which could provide an attractive entry point for a short position.
It's important to emphasize that this analysis is based on probabilities rather than certainties. Waiting for clear price confirmation before entering any trades is crucial, as detailed in the accompanying video. This analysis provides an in-depth look at the current trend, market structure, and price behavior.
Please note that this information is provided for educational purposes only. Trading carries significant risks, and implementing robust risk management strategies should always be a top priority. 📈✅
AudUsd- Bearish under 0.67Similar to other USD pairs, AUD/USD experienced a drop on Friday, breaking below a head and shoulders pattern. This breakdown signals a strong potential for further downside. As long as the 0.67 resistance level holds, my strategy is to sell into rallies.
The 0.6575 zone serves as a key target for bearish traders.
AUDUSD FORECASTThis pair is looking as the structure itself are developing nicely we may have some potentials for today we need to be patient and wait.
AUDUSD H1 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.6687, which is an overlap resistance and a 38.2% Fibonacci retracement.
Our take profit will be at 0.6641, a pullback support level close to 161.8% Fibo extension
The stop loss will be at 0.6731, a pullback resistance level and above 61.8% Fibo retracement.
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Head and Shoulders Pattern on AUD/USD On the AUD/USD chart, we are seeing a clear Head and Shoulders pattern , which is a strong indication of a potential bearish reversal. This pattern consists of three peaks, with the middle peak (the "Head") being the highest, and the two smaller peaks (the "Shoulders") on either side.
Key Points:
Left Shoulder: Formed , marking the first peak before the minor decline.
Head: The highest peak , indicating the strongest upward move before the market turned lower.
Right Shoulder: The second smaller peak has formed, suggesting the bearish momentum is resuming.
Neckline: The neckline, which connects the two troughs. A break below this line would confirm the bearish reversal pattern.
Idea on a chartGreat idea on a chart.Australia Dollar Forecast: AUD/USD Reverses Ahead of January High
AUD/USD may track the August range as it reverses ahead of the January high (0.6839), and the Relative Strength Index (RSI) may continue to show the bullish momentum abating as it moves away from overbought territory.
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With that said, AUD/USD may struggle to retain the advance from the August low (0.6349), but the exchange rate may consolidate ahead of the Federal Reserve interest rate decision on September 18 as Chairman Jerome Powell insists that ‘the time has come for policy to adjust.’
AUDUSD Breakout And Potential RetraceHey Traders, in tomorrow's trading session we are monitoring AUDUSD for a selling opportunity around 0.66900 zone, AUDUSD Broke the support of 0.66900 and now is approaching the retrace area.
Trade safe, Joe.
AUD USDTHIS IS MY SETUP FOR AUD USD
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
AUDUSD💡Hello everyone, AUDUSD chart analysis Prices swept liquidity from the highs after showing a divergence on the MACD. The price has broken through the recent structure level and has the potential to continue moving lower. We move to a lower time frame and look for a selling opportunity⬇️
⛔It is not investment advice, for educational purposes only.
Short-term SellThe short-term bullish channel has been broken. We expect a corrective decline down to the 38.2% Fibonacci retracement level.
AudUsd Short-Term SellWith the DXY starting its corrective decline, a correction has also begun in AUD/USD. We expect the price to resume its downward movement from the 50%-61.8% levels and fall to our main target at the 38.2% main trend correction level. For any sell positions you enter, you can set your stop loss above the previous upward trend peak.
AU projectionPrice is currently at a FVG on the 4H. and when you move down to the 15 min. it seems to be forming a head and a shoulder. Cam this be the expected reversal or just a trap
AU projectionPrice is currently at a FVG on the 4H. and when you move down to the 15 min. it seems to be forming a head and a shoulder. Cam this be the expected reversal or just a trap
AUDUSD good supportIntraday Update: The AUDUSD is at flag support, and near the 38% retracement at .6643, which may offer a good place for longs.
09.09.24 Morning ForecastA short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
AUDUSD - 4hrs ( Sell Trade Target Range 200 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 ( Short )
Type : Mid Term Swing
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Bearish Break
0.66600 Area
Reasons
- Major Turn level
- Pattern Break
- inner Choch
- Day / week low
- Key level / Golden Zone
Bullish Reversal
0.65000 Area
Reasons
- Major Turn level
- Visible range Hvn
- Pattern Target
- Quarters Area
AUDUSD ShortLooking to go short on this pair also, but before i do anything i must actually see the market align with my rules
