Analysis of the Australian dollar by the Mallicast team.
The Australian dollar is approaching its price ceiling. We anticipate a slight downward correction before the upward trend continues, targeting a price of 0.68705.
USDAUD trade ideas
Continue Reading AUDUSD Price ActionLet's Continue Reading Price Action of AUDUSD OANDA Chart and Looking for Some Trade Opportunities, Good Luck With Your Trades :D
AUDUSD Long IdeasThe reason I chose to buy the AUD/USD currency pair is as follows:
The RBA has kept interest rates on hold for a longer period due to inflation remaining stable and experiencing only a slight increase, which is favorable for the Australian economy.
Meanwhile, the economic outlook for China is potentially improving, as interest rate cuts will continue if China’s economic data is found to be unsatisfactory.
On the other hand, the Federal Reserve is getting closer to an interest rate cut in September.
For market participants, this is a dovish signal for the USD.
AUDUSD H4 | Bearish breakoutBased on the H1 chart analysis, we can see that the price is falling to our sell entry at 0.6730.
Our take profit will be at 0.6639, a pullback support
The stop loss will be placed at 0.6801, which is above the swing-high resistance level.
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Could the Aussie reverse from here?The price is currently at the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci projection and could drop from this level to our take profit.
Entry: 0.6752
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci projection.
Stop loss: 0.6865
Why we like it:
There is a pullback resistance level which lines up with the 100% Fibonacci projection.
Take profit: 0.6643
Why we like it:
There is an overlap support level which is slightly below the 23.6% Fibonacci retracement.
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.
aud/usdclear reversal on price action covered
resistance will get broken
60650 solid support level
79900 trailing to
AUDUSD - In Bullish TrendAUDUSD is analysed on an hourly chart making HHs and HLs. The currency indices are indicating towards a BUY signal with AXY is bullish and DXY being bearish. RSI is also looking promising.
The Signal is:
EP: 0.67626
SL: 0.67263
TP: 0.6799
Navigating RBA Hawkishness and Economic Red Flags
R1 0.6799– 11 July high – Strong
R2 0.6753 – 21 August high– Medium
S1 0.6637 – 19 August low– Medium
S2 0.6563 – 15 August low – Strong
This week's RBA Minutes came out confirming the recent more hawkish leaning RBA decision. The central bank hinted at the fact that the cash rate would stay where it is for an extended period of time, while the possibility of additional tightening was also discussed. We've also seen the Australian Dollar getting added help from risk on flow and broad based US Dollar selling. There is some cause for concern however, after the Commonwealth Bank was out calling for a quicker deterioration in the Australian economy than the RBA. The Commonwealth Bank sees an RBA rate cut in November. Key standouts on Wednesday’s calendar come from UK public finances, Canada producer prices, and the Fed Minutes.
AUDUSD - Bearish Trade Price moving in bullish trend has formed bearish divergence.
Rising wedge reversal pattern further indicates trend reversal.
If price crosses down Higher low, sellers will be in control indicating bearish trend ahead.
Aussie H4 | Bullish uptrend to resume?The Aussie (AUD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6717 which is a pullback support.
Stop loss is at 0.6662 which is a level that lies underneath a pullback support.
Take profit is at 0.6790 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
AUDUSD Excellent sell opportunity approaching.The AUDUSD pair is approaching the 1-year Resistance Zone that has been in effect since June 2023 and has to this date priced 4 rejections. As long as the 1W MA200 (orange trend-line) holds, the market will continue to apply extreme selling pressure every time the price hits that Zone.
Wait for the most optimal sell entry on this level and target the top of the Support Zone at 0.63650. Notice also how perfectly the 1W RSI has been trading within a Rectangle and is also approaching its top, i.e. the most optimal long-term sell entry.
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Uptrend Considering the behavior of the price in the support range, the continuation of the upward trend according to the specified paths will be probable
AUDUSD InsightHello, subscribers!
Please feel free to share your personal opinions in the comments. Don't forget to like and subscribe!
Ahead of the upcoming Jackson Hole Symposium, the Japanese yen has strengthened, causing the Dollar Index to decline by about 0.46%. This yen appreciation appears to be driven by news that the Bank of Japan is considering additional rate hikes. Meanwhile, it's expected that Fed Chair Jerome Powell will reaffirm the current dovish stance at the Jackson Hole Symposium. Notably, Michelle Bowman, a known hawk on the Federal Reserve, hinted that she might support rate cuts if inflation continues to slow down. Remarks from key hawkish figures like Neel Kashkari and Michelle Bowman supporting potential rate cuts have heightened expectations for a rate cut at the Fed's September meeting.
- The minutes of the Federal Open Market Committee meeting will be released on August 22.
- Fed Chair Jerome Powell will give a speech on August 23.
The AUD/USD pair has been steadily rising and is currently approaching its previous high. As there seems to be room for further upward movement toward the 0.69000 level, I will maintain a bullish view. However, I believe it's still a bit early to break through the 0.69000 resistance line, so I expect the pair to break through this line after a short-term pullback and rebound.
If the market moves contrary to expectations, I will quickly adjust my strategy.
Trendline Bounce from support to over bought pivot, risk off sentiment. Realistically no rate cuts for another month, highly likely to see support again soon before then.
BUY AUDUSD looks to be retesting highs on daily RSI strong 1HR
AUDUSD has broken out of a consolidation zone on the 1HR timeframe with bullish RSI strength & the Daily chart looks bullish to be wanting to retest the highs on Daily.
Stop loss: Under the zone 1hr or a tighter Stop will be a better yielder.
AUDUSDAUDUSD is in reversal mode.
Bearish divergence also shown in RSI.
Market sentiment also bearish.
We wait for further confirmation if trend will broke last HL.
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 Rally To Upper TL (Trade Plans)The significant momentum behind AUDUSD comes around as risk on Market mode returns.
Happy to scale into shorts amid long term USD strength, near term CB case may deter this.
Markets, similarly to NZDUSD are still trying to work out where they sit within the current tightening range. Real Sentiment inflow required for any real change of trajectory.
Analyze AUDUSD Chart in All Scales Part.2Let's Analyze AUDUSD Chart in All Scales and Look for Trade Opportunities in This Week, Good Luck With Your Trades :D
Analyze AUDUSD Chart in All Scales Part.1Let's Analyze AUDUSD Chart in All Scales and Look for Trade Opportunities in This Week, Good Luck With Your Trades :D
AUDUSD: RBA considers raising interest rates at its August meetiThe Reserve Bank of Australia considered raising interest rates in early August, recent meeting minutes showed, amid persistent concerns that persistent inflation will persist for longer.
But the central bank decided to stay the course, keeping the base interest rate unchanged at 4.35%.
Members of the central bank's interest rate-setting committee noted that the risk of inflation failing to hit the RBA's annual target of 2% to 3% by the end of 2025 had "increased significantly", marginally version shows.
Bearish reversal?AUD/USD is reacting off the resistance level which is a pullback resistance that is slightly below the 88% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6728
Why we like it:
There is a pullback resistance level which is slightly below the 88% Fibonacci retracement.
Stop loss: 0.6798
Why we like it:
There is a pullback resistance level.
Take profit: 0.6643
Why we like it:
There is an overlap support level which lines up with the 50% Fibonacci retracement.
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.
Long trade
Date: Wed, 14th Aug 2024
Trade: Buyside
Session: 9:30 PM Tokyo Session (NY Time)
Entry Level: 0.65904
Profit Level: 0.67288 (2.10%)
Stop Level: 0.65763 (0.21%)
Risk-Reward Ratio (RR): 9.82
