Get started

U.S. Dollar / Australian Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDAUD trade ideas

Analyzing the AUD/USD pair on the 1-hour timeframethe AUD/USD pair on the 1-hour timeframe, the pair is currently in a downtrend but has not yet reached the green support zone. If the price returns to this zone, it could attract buyers, potentially pushing the price upward. This scenario may present a long opportunity, provided there's a confirmation signal before entry. Key Points: Current Trend: Downward movement towards support. Support Zone: Identified in green on the chart. Potential Action: Look for bullish confirmation signals upon price reaching the support zone before considering a long position. Always ensure proper risk management and wait for clear confirmation before entering a trade.
Long
by rebenga93
AUDUSD What Next? BUY! My dear friends, My technical analysis for AUDUSD is below: The market is trading on 0.6636 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.6707 Recommended Stop Loss - 0.6598 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
AUDUSD Bullish ScenarioThe price level of 0.66225 is broken, we can expect AUDUSD to turn bearish until it reaches the demand zones on the chart. After it touches the demand zone, we’ll monitor the market structure, looking for a change of character on both lower and higher time frames. Entering a short term or even long term buy setup could then be suitable, but only with confirmations from the higher time frames. 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.
Long
by Biaxar
AUDUSD || Update KEY POINTS Gold Rises on Possible Technical Recovery — Market Talk Dollar extends gains, hits 3-month high vs yen Dollar tops 153 vs yen Bank of Canada cuts rates by 50 bps, Fed's Beige Book due later on Wednesday TECHNICALS The Bears caused a 4.16% move lower towards key support formed on Sept, 2024. This move sending the pair lower retraced to the key level at 0.67 — . Previous analysis— - Oct 21 and Oct 17 . Currently, price has broken the first support level at 0.662 but held strong at 0.656, retracing towards back the high set at 0.6630. Overall, the pair is trading at historic lows with the pair dropping approximately 40% since it peaked in MAY 2011 and further clarity rely on current geopolitical issues and most likely the supply and demand of the market. Key Levels 0.665 0.66 0.66153
Short
by deusmanagement
1
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 Turner
Education
by TLTurnerTV
2
AudUsd Trade IdeaAnother bearish pair and set up I'll look to get into this morning is gonna be AU. AU is extremely bearish on all time frames. Price is currently approaching a LH at a solid level of resistance as well so going short from that level would be ideal for me. I'll personally be waiting on lower time frames to flip from that level before looking to get into any shorts. We'll see what happens. I'll be looking to target the lower low with stops just above structure and the resistance level.
Short
by OfficialJ23
AUDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Long
by ShahedZare