Correction to the 0.659 level?My last publication on AUDUSD did not go as expected; price broke below the rising wedge and plummeted over 250 pips from the peak. Now the consensus is bearish. We can look to hop on the bandwagon when price corrects, and I expect it to be around the 0.659 level.Shortby gunhyUpdated 2
AUDUSD-BEARISHAUDUSD has started a bearish trend at it has broke the previous HL wo we will enter in the short trade from hereShortby shanihamzaUpdated 6
AUD/USD H4 Potential Sell SetupMy view on potential sell setup and market projection on H4 timeframe based on Technical Analysis. Good luck and trade wisely.Shortby razoredge22Updated 221
AUDUSD Simple Trade Plans + Sentiment TrainingThe longer term outlook surrounding the AUDUSD - alike many USD pairs shows a long term fall. Recently, we have seen a series of higher lows and higher highs, and a closing range of price within. We can now look for future entries on a price action / tech basis. 04:01by WillSebastianUpdated 6
Market Analysis: AUD/USD Remains At RiskMarket Analysis: AUD/USD Remains At Risk AUD/USD declined heavily from well above 0.6650. Important Takeaways for AUD USD Analysis Today - The Aussie Dollar started a major decline below the 0.6610 level against the US Dollar. - There is a connecting bearish trend line forming with resistance near 0.6530 on the hourly chart of AUD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair struggled to stay above the 0.6650 pivot zone. The Aussie Dollar started a fresh decline below the 0.6620 and 0.6600 levels against the US Dollar. The pair even settled below the 0.6550 level and the 50-hour simple moving average. Finally, it tested the 0.6480 support zone. The recent low was formed near 0.6482 and the pair is now consolidating losses near the 23.6% Fib retracement level of the downward move from the 0.6562 swing high to the 0.6482 low. On the upside, the AUD/USD chart indicates that the pair is now facing resistance near a connecting bearish trend line at 0.6530. The trend line is near the 61.8% Fib retracement level of the downward move from the 0.6562 swing high to the 0.6482 low. The first major resistance might be 0.65740. An upside break above the 0.6570 resistance might send the pair further higher. The next major resistance is near the 0.6610 level. Any more gains could clear the path for a move toward the 0.6660 resistance zone. On the downside, initial support is near the 0.6480 zone. The next support could be the 0.6450 zone. If there is a downside break below the 0.6450 support, the pair could extend its decline toward 0.6415. Any more losses might signal a move toward 0.6365. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. by FXOpenPublished 227
Change the trend It is expected that a trend change will be formed at the support levels and we will see the beginning of the upward trend. Longby STPFOREXPublished 2
AUDUSD BUY SETUPHere is another trade idea, i expect a bounce off that level on AUDUSD by Owenfx12Published 3
July 30th. Sell Limit on Audusd Looking for Wave 5Just as indicated in the chart, I believe we are at the end of wave 3. got to wait for its retracement (Wave 4). My interest is to go on short in the start of the Wave 5. My SL is at the 127 level of fibo of Wave 3, in case the retracement is deeper I would possible go for the Sell limit If I can't monitor this on at the 78% to fit the best of my trading plan. If I can monitor, I would draw a trendline on the retracement (ABC) for a better Entry point, which could be when the trendline is Broken and there is a MacdCross Att Jorge Munoz : HappyPipsShortby jogeekPublished 225
AUD/USD Bears in Control - Targeting New Lows!Alright traders, let’s break down the AUD/USD 4-hour chart and identify potential entry points. On this chart, we can see that AUD/USD is currently in a strong downtrend, confirmed by the series of lower highs and lower lows. The price is trading below both the 21 EMA (yellow) and the 200 EMA (blue), indicating sustained bearish momentum. The recent break below the support level at 0.65292 reinforces this bearish sentiment. Key levels to watch are the resistance at 0.65346 and the next support at 0.64653. Given the current market structure, my bias is bearish. A short position could be considered if the price retests and fails to break above the 0.65292 resistance level, with a target towards the 0.64653 support level. Ensure your stop loss is placed just above the 0.65346 resistance to manage risk effectively. Stay sharp and happy trading!Shortby SheenaLPublished 332
AUDUSD TAKING A NOSEDIVEHi guys its me again, just got an interesting find. Since March of 2021 AUDUSD has been forming what appears to be a complex correction on the Daily time-frame. Now to the juicy part, it had a fake out earlier today when it broke out of the upper trend-line of the triangle and seems to have started a decline on the wave Y which is the stronger of the three. A steep decline should be expected in the coming days, which should not exceed the March 2020 low. The areas marked in blue boxes should be entry areas should price cross and continue on retest. Currently price is expected to retrace upwards to form a wave two before it continues on its decline, gaps should be expected on the next impulse down, caution and responsible position sizing should be applied. Happy trading in the days to come. Thanks and God bless.Longby EDDKENDAUpdated 0
Pullback support for the Aussie?The price is falling towards the support level which is a pullback support that is slightly below the 161.8% Fibonacci extension and could bounce from this level to our take profit. Entry: 0.6467 Why we like it: There is a pullback support level that is slightly below the 161.8% Fibonacci extension. Stop loss: 0.6442 Why we like it: There is a pullback support level. Take profit: 0.6531 Why we like it: There is a pullback resistance level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarketsPublished 10
AUDUSD InsightHello to all our subscribers. Please share your personal opinions in the comments. Don't forget to like and subscribe. The dollar has strengthened as geopolitical risks in the Middle East have been highlighted by Israel's retaliatory airstrikes on Beirut, Lebanon. Meanwhile, with the FOMC regular meeting taking place, uncertainty about future job prospects and a decrease in job postings reflect a cooling in the labor market, increasing the likelihood of a rate cut by the Fed in September. In this FOMC meeting, the market expects the Fed to maintain current rates and is keenly watching for any stance changes related to monetary policy. There are reports that the Bank of Japan might raise interest rates, and Vice Finance Minister Mimura has pointed out that the downsides of the yen's depreciation are becoming more pronounced. The Reserve Bank of Australia is expected to maintain its current key interest rate longer, supported by high inflation and a strong labor market. - The Fed's regular FOMC meeting will be held from July 30 to August 1. - On July 31, the Q2 consumer price index of Australia, Japan's interest rate decision, and the July consumer price index of the Eurozone will be released. - The Bank of England's interest rate decision will be announced on August 1. - The U.S. non-farm payrolls for July and the unemployment rate for July will be announced on August 2. The AUDUSD has broken below the 0.66000 line. As previously predicted, it is expected to continue its downward trend to the 0.64000 line, find support there, and then rise to the 0.69000 line, forming an uptrend. However, with many variables this week, there is a possibility of breaking the expected low, in which case we will consider the 0.62500 line as the bottom. If the movements differ from our expectations, we will quickly adjust our strategy.Shortby shawntime_academyPublished 2
Bullish rise?The Aussie (AUD/USD) is currently on the pivot which has been identified as a pullback support and could potentially rise from this level to the pullback resistance. Pivot: 0.6530 1st Support: 0.6492 1st Resistance: 0.6590 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Longby ICmarketsPublished 14
AUD-USD Potential Short! Sell! Hello,Traders! AUD-USD is trading in a Downtrend and the pair Is consolidating beneath The horizontal key level Of 0.6580 so we are Bearish biased and we Will be expecting a Further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignalsPublished 2210
AUDUSD CONFIRM MOVEAUD/USD set aside two daily gains in a row and resumed its downtrend on the back of incessant demand concerns in China as well as the persistent weakness in the commodity universe.Shortby Senorita71Published 1
Can see longs??If possible, we could see longs coming in from the key support area. There was an attempt to move price higher which failed. Can we see it now??Longby Angelos_TraderPublished 3
AUD/USD Is in sideways trading#trading_idea 💡 💸Pay Attention to #AUDUSD! On the hourly chart, the price is trading sideways and has bounced off the lower boundary of the channel. At the same time, the RSI has bounced off the oversold zone. 🔼If the price breaks the key level 0.6546, a rise to resistance 0.6558 and 0.6568 is possible. 🔽Otherwise, a return to the support at 0.6533 or 0.6519 is likely. 👋 Show "👍" if you believe the price will increase and "👎" if you believe it will decrease.Longby sabiotradePublished 0
3-year performance on AUDUSDBacktesting results on AUDUSD using the Pineconnector Reversal Strategyby lifestylemaniacsrtPublished 1
AUD/USD SENDS CLEAR BULLISH SIGNALS|LONG Hello, Friends! The BB lower band is nearby so AUD-USD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 0.665. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignalsPublished 115
AUDUSD FOREX 7/30/2024AUD/USD Update: Analysis from Weekend: The AUD/USD pair is following our weekend analysis closely. Current fundamental indicators remain supportive, and overall market sentiment is favorable. The accumulation phase is proceeding as anticipated, with price action maintaining stability. Technical Outlook: We are nearing the onset of Wave 1 within the larger Wave 3 cycle on the higher time frames. The accumulation phase has been robust, affirming the market structure detailed in our Wave Cycle Template. Strategy: Intraday Approach: In light of the supportive fundamentals and positive sentiment, we will be strategically adding small buy positions. This approach complements our intraday risk-off positioning. Wave Cycle Monitoring: We will closely monitor the development of Wave 1 and adjust our positions according to intraday movements and technical signals. Our focus will be on capitalizing on potential troughs within this wave cycle. Execution Plan: Entry Points: Target intraday buy opportunities, particularly during breakout phases or liquidity sweeps. These opportunities should align with the anticipated trajectory of Wave 1. Risk Management: Implement disciplined risk management practices, including placing stop-loss orders below the invalidation point of Leg 2 and adjusting position sizes to manage risk effectively. Next Steps: Stay alert for significant intraday price action signals, particularly in response to fundamental news releases. Continue to adjust strategies as needed to optimize trade outcomes, while maintaining a bullish stance for the time being.Longby spacedevilPublished 3
AUDUSD weekly forecastSellers will take their profits and the price will enter a deep correctionLongby rzndriPublished 4
AUDUSD: Curve Analysis (1D)SUMMARY: Overall, the Australian dollar is currently trading cautiously as investors await the release of inflation data that will shape the RBA’s monetary policy trajectory. While technical indicators present a somewhat conflicting picture, the prevailing bearish sentiment in the market is a key factor to monitor. TECHNICALLY: From a technical perspective, the AUDUSD pair exhibits a bearish bias based on the alignment of most moving averages, suggesting a potential downward trend. However, a contrary signal from the Hull Moving Average introduces a degree of uncertainty, potentially hinting at a short-term reversal or divergence from the broader trend. Oscillator indicators offer a more mixed outlook. While several indicators point to a lack of clear momentum, the oversold conditions indicated by the Commodity Channel Index and Williams Percent Range suggest a potential buying opportunity. It's essential to consider that oscillators are most effective when used in combination with other technical tools and fundamental analysis. FUNDAMENTALLY: The Australian dollar held steady around the $0.655 level on Monday as investors adopted a cautious stance ahead of crucial domestic inflation figures. The data, due for release later this week, is expected to significantly influence the Reserve Bank of Australia’s (RBA) monetary policy decision in August. Market consensus points to a persistent core inflation rate of 4% for the second quarter, a level well above the RBA’s target range of 2-3%. This elevated inflation is likely to reinforce expectations of another rate hike in August, with traders currently assigning a 22% probability to a 25 basis point increase. Moreover, market pricing suggests no rate cuts until April next year. While the RBA is poised for a potential tightening, other major central banks are expected to adopt a more dovish stance. The Bank of Japan is anticipated to raise interest rates this week in an effort to bolster the yen, but the Federal Reserve and the Bank of England are likely to maintain their current policy settings, paving the way for potential rate cuts in the coming months.Shortby ProfessorCEWardPublished 5
AUDUSD bullish momentum Week ahead Head n shoulder pattern on lower timeframe we spot at 15min Longby laswaii4Published 2