USDAUD trade ideas
AUDUSD possible bearish Following the formation of a triple top, the market transitioned into a period of sideways movement, reflecting indecision and consolidation. A breakout has already occurred, and we could witness a short-term retracement toward 0.6675, contingent on the confirmation of support on the 15-minute timeframe. However, if the price fails to hold and reverses downward, the bearish trend may resume. Caution is advised, as a potential Head and Shoulders pattern is developing on the 4-hour timeframe, which could signal a larger trend shift.
Check the trend According to the behavior of the price in the current support range, possible scenarios have been identified. If the price crosses the resistance line, the upward trend is likely to continue
AUDUSD InsightHello, dear subscribers!
Please feel free to share your personal opinions in the comments. Don't forget to like and subscribe!
Key Points
- The People's Bank of China lowered both the 1-year and 5-year loan prime rates by 25 basis points each, interpreted as a move toward an accommodative monetary policy to stimulate the economy.
- ECB policymaker and Portuguese Governor Mario Centeno stated, "The risk of inflation falling below target is greater than the opposite, and we could consider a 50 basis point cut depending on the data."
- The IMF mentioned that while the U.S. economy has shown a steady recovery since the pandemic, the eurozone continues to struggle due to a downturn in manufacturing, particularly in Germany.
- With Trump’s projected victory, the market expects that non-U.S. stocks will underperform in the future.
Key Economic Indicator Schedule
- October 24: U.S. Initial Jobless Claims, Manufacturing PMI, Services PMI.
AUD/USD Trend Analysis
It appears that the pair is facing resistance at the top and is in a downward trend, with further declines still possible. Support is expected around the 0.66000 level, and a rebound here could see the pair rise back to the 0.69000 level. However, if the 0.66000 support is broken, further declines toward the 0.64500 level are anticipated.
If the market moves in an unexpected direction, I will quickly adjust the strategy.
Analysis autopsy: AUD/USD, AUD/JPY, WTI, SPI 200Today I take a look at some recent ideas to see how they played out, then reassess them on the live charts to see if they're still worth keeping an eye on. Charts include AUD/USD, AUD/JPY, SPI 200 and WTI.
MS
AUD/USD: Ready for the Break or the Bounce?Alright, let's break down the AUD/USD chart using a top-down approach, starting from the higher timeframes and moving down to the lower timeframes to find potential setups for this week.
Looking at the weekly chart, AUD/USD has been in a consistent downtrend, with prices continuing to test lower levels of support. We’re currently sitting near a critical support level at 0.66704. This weekly level is significant because it's been tested multiple times, and any break below this could signal a continuation towards 0.65762, the next weekly support level. However, if the price respects this level, we might see a retracement back up to 0.67538 or 0.67947, which are key weekly resistance zones.
On the daily chart, AUD/USD is showing a strong bearish momentum with the price moving below the 21 EMA, which continues to act as dynamic resistance. We see a descending trendline that’s holding the price down, reinforcing the bearish bias. However, we are also at the 0.66704 daily support level, which coincides with the weekly support. If price fails to break below this level convincingly, we could see a short-term pullback. The first target for a potential pullback would be 0.67538, aligning with the EMA 21.
On the 4-hour chart, the bearish pressure is evident, but the candles have been consolidating above 0.66704 support. If we break below this level, we’ll likely see a move towards 0.65762. However, a bounce from this level would indicate a short-term buying opportunity. If that happens, I’m looking for a potential entry near 0.66704 with targets at 0.67538 and 0.67947.
In summary, if we break below 0.66704, it’s a clear signal to short towards 0.65762. On the flip side, a bounce from here provides a short-term buying opportunity targeting 0.67538.
SellMarket been ranging in the same place its being indecisive.
I am looking for continuous in the Trend towards the downside.
Entering the trade based on the Previous Asia High and NY high.
Market find it hard to break that level and my tp targeting the ASIA low.
We are just taking opportunity in the ranging points here.
Always do your own analysis.
AUD/USD 4h short ideahey everyone here is a possible head and shoulders pattern on the 4 h time frame there is a nice neckline formed the sup and res are respected in the past so now wait for the right moment especially if it is shaped go to a lower time frame to get in on time.
Have a nice day everyone!(:
AUD/USD Technical Analysis: (READ DESCRIPTION)AUD/USD Technical Analysis: Bullish Momentum Expected Above 0.6660
Pivot Point: 0.6660
The pivot at 0.6660 acts as a key support level, determining the near-term direction of the AUD/USD pair. As long as the price holds above this level, a bullish move is anticipated.
Our Preference: Long Positions
Recommended Trade:
Long positions are preferred as long as the price remains above the 0.6660 pivot point. This suggests a potential rise toward higher resistance levels.
Target Levels for Upside Movement:
First Target: 0.6700
This represents an intermediate resistance where traders may look to take profits or assess continuation.
Second Target: 0.6720
If the first resistance is surpassed, further gains toward 0.6720 are likely, indicating stronger bullish momentum.
Alternative Scenario: Downside Risks
If the price drops below 0.6660:
Bearish Outlook:
First Target: 0.6650
Second Target: 0.6635
These levels serve as potential support areas in a bearish scenario.
Technical Insights:
RSI Indicator:
The RSI lacks downward momentum, signaling potential for further upside. This supports the bullish outlook and suggests that selling pressure may be limited.
Moving Averages:
AUD/USD trading above its short-term moving averages would further confirm the bullish trend if sustained.
SasanSeifi|Will 0.66800 - 0.66500 Support the Price Movement?Hey there, ✌ In the 4-hour timeframe, a downward trend is evident from the level of 0.69400. Currently, due to the breakdown of the significant support level at 0.68, the price has corrected to the liquidity zone of 0.67. If the momentum weakens in this price range and the level of 0.67 is maintained, we may witness a ranging trend with minor positive fluctuations. To better understand the continuation of the trend, attention should be given to the price's reaction at levels 0.67500, 0.67800, and 0.68.
Overall, our outlook leans more towards a decline and correction towards the target of 0.66800 and the demand zone at 0.66500. It is expected that the price will be able to correct to the desired support levels. Subsequently, if the price maintains the ranges between 0.66800 and 0.66500 and confirms it, we will enter a ranging phase with positive fluctuations. The potential trends are also illustrated in the image above.
⭕The important support levels are 0.66500–0.66.
💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊
audusd sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
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: Trend in 2H time frameIt is currently in a very sensitive area,
Please pay special attention to the very accurate trend, and colored levels.
Its a very sensitive setup, please be careful.
BEST,
MT
AUD/USD - Waiting for Confirmation: Inverted Cup and Handle PattAUD/USD - Waiting for Confirmation: Inverted Cup and Handle Pattern
AUD/USD is showing a variation of the Inverted Cup and Handle pattern.
This pattern looks promising and, from a fundamental perspective, is supported by the likelihood that the FED may avoid aggressive interest rate cuts.
For the price to push down further, it needs to move below the support zone of the pattern, which is located near 0.6700, as indicated on the chart.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
AUDUSD 15M CHoCH, OB, IMBShort 15M AUDUSD short position buy because daily is still bearish, there is a chance that price will fill the FVG too. Do at on your own risk
Risk-on Risk-off Report, October 22, 2024As of October 22, 2024, market sentiment is exhibiting mixed signals, leaning towards a slightly risk-off environment. This sentiment is reflected across various asset classes and economic indicators:
Currencies
USD, CHF, JPY: These currencies, traditionally considered safe-havens, are seeing moderate strength. Investors are cautious, as geopolitical uncertainties and a slower global economic outlook have pushed market participants toward these lower-yielding, stable currencies.
EUR, GBP: The Eurozone is grappling with slow economic growth and recent ECB rate cuts, weakening the Euro. Similarly, the GBP remains under pressure due to mixed economic data from the UK.
AUD, NZD, CAD: These commodity-linked currencies are relatively weak due to decreased risk appetite and subdued commodity prices. This trend aligns with a more defensive market stance.
Commodities
Gold: As a classic safe-haven asset, gold is witnessing steady demand amidst uncertainty, indicating investor caution.
Crude Oil & Natural Gas: Prices for crude oil have remained somewhat soft, reflecting concerns about global demand, while natural gas prices have shown some volatility due to fluctuating energy demands.
Bond Yields
2-Year Bond Yields: Yields on U.S. and major country bonds have seen marginal declines, as risk-averse investors seek the safety of government bonds. This aligns with the broader risk-off sentiment, reflecting cautious moves away from riskier assets towards bonds in the U.S., Canada, Eurozone, UK, and Japan.
Stock Indices
U.S., Canada, Eurozone, UK, Switzerland, Australia, Japan: Stock indices are trading with mixed to cautious sentiments. While some indices have seen moderate gains on selective buying, defensive sectors like utilities and consumer staples are attracting more attention compared to high-beta sectors.
New Zealand: Stock markets are subdued as the country grapples with an economic slowdown and tighter monetary policy conditions.
Cryptocurrencies
Total Crypto Market Cap & Bitcoin: The total crypto market cap remains in a consolidation phase, and Bitcoin is holding steady but shows limited upside momentum. Meme coins and high-risk altcoins have seen reduced trading volumes, indicating investors’ reluctance to engage in speculative plays during uncertain times.
This market picture points towards a modest risk-off sentiment, driven by global economic concerns and geopolitical uncertainties. Investors are prioritizing safe-haven assets, stable currencies, and defensive stocks while reducing exposure to riskier assets like emerging market stocks and speculative cryptocurrencies.
AUDUSD at six week lows as sell off extends AUDUSD is trading this morning at .6658 (-0.72%), an almost six-week low, as its bounce to yesterdays .6723 proved short-lived, which coincidentally was the title of the Ozzie article ⬇️ yesterday.
The fall in the AUD/USD came as US yields and the USD extended their gains overnight, continuing to price in a higher chance of a Donald Trump election victory and less Fed rate cuts into year-end.
If the AUD/USD were to see a sustained break of support at .6650/25, which includes the 200-day moving average, it would open the way for the sell-off to extend towards the next downside support at .6575/60.
www.ig.com
AUD/USD: Bearish Outlook with Potential Bullish TurnaroundHello,
OANDA:AUDUSD pair appears poised for additional bearish movement, but there’s a strong sense of optimism surrounding a potential bullish turnaround, which is supported by historical patterns. Caution is warranted in this scenario. Key support levels to monitor are 0.665057, 0.656921, and 0.632512. At this moment, further downside seems quite probable. However, a crucial indicator to watch will be if the price crosses and holds above the 1D pivot point, signaling readiness for another upward move.
TradeWithTheTrend3344
Audusd might go up from here Hello everyone, there’s a strong possibility that the AUD/USD could move higher from its current level.
As always, it's essential to apply proper money management and never trade without setting an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be evaluated over a series of trades, not just one.
Thanks!
AUDUSD || UpdateBig Moves in Crypto!
Bitcoin Eyes $70,000! BTC pumps 10% this week as US elections heat up. Will it hit new all-time highs?
Yen Traders Brace Themselves!
USD/JPY Hits 150 as Bank of Japan Holds Interest Rates. Big swings ahead for currency traders. What will happen next?
Yet more highs for Gold, Silver rises to 12-year High
Key Points
This week, US leading Indicators, BOC on Wednesday, Eurozone, The UK, and the US PMI’s with Germany’s IFO.
Strong US data provides Dollar Strength, and fresh data will further indicate the strength of the Dollar. Wage Salary growth was 6.3% y/y in August. Q3 GDP is unchanged at 3.4%
Over 90% of betters say analyze that the Fed will cut interest rates by 25bps in November. The US election is also a factor
Technicals
Bears cause a 4.16% move lower towards key support formed on Sept, 2024. This move which retraced to the key level at 0.67 .
Currently, further downside MAY continue as key support levels below 0.662 and 0.656 MAY provide break and retest opportunities to short the pair
Alternatively, a break and retest of resistance levels below at 0.67/0.675 MAY switch the direction of the market.
Key Levels
0.685
0.68
0.67
0.695
AUDUSD / H1 / LONGAUDUSD May Rise from the Bullish Order Block
Entry price :- 0.66682
Take Profit :- 0.67032
Stop Loss :- 0.66414
The AUDUSD pair is currently near a bullish order block, with a range between 0.66687 and 0.66580. Based on the principles of Smart Money Concepts (SMC), the price is expected to rise as it taps into this order block, which often signifies areas of institutional buying. Once the price reaches these levels, there is a high probability of a reversal or upward momentum.
On the upside, there is a bearish order block between 0.67225 and 0.67074, which may act as resistance if the price begins to rise.
Smart Money Concepts (SMC) is a trading strategy that focuses on understanding how institutional traders (banks, hedge funds) move the market. It identifies significant price zones, like order blocks, which often lead to large market movements. Order blocks are areas where "smart money" (large financial institutions) has entered the market. Traders use these zones as potential entry points for trades.
This strategy has a high probability of success as it aligns retail traders with institutional trends, which typically control a large volume of liquidity. Keep an eye on how AUDUSD reacts to the bullish order block for an entry, but ensure proper risk management is in place to account for market fluctuations.
