Read the AUDUSD MarketLet's Look at AUDUSD Chart and make some Decisions for this Week, Good Luck With Your Trades <3
USDAUD trade ideas
AU Short - looking for price to pull into VA / POC and then sellers to step in. then I will look to ger in.
AUDUSD - Any Sign of Serious Green Yet to be Seen.20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Resistance & Support - Dashed Green & Red Lines
Your interest motivates me.
How I see it:
The pair is being pounded by the dollar & uncertain economic climate.
A strong correction is yet to be seen.
Any hint of a rally should be hit on the head I believe.
Thank you for your time reading, boosting or following my analysis.
I deeply appreciate it.
AUDUSD getting ready for a potential reversalThere's a pretty clear Ending diagonal pattern being created at the AUDUSD pair.
Savest way to take a long entry would be at the breakout of the channel.
Stoploss should be placed below the apex.
That would be a 2000+ pips trade.
Happy trading!
AUDUSD SellMarket is ranging in this area.
Market failed to make a new higher but manage to make 2 lower low from Asia and London just now.Based on that we are going for sell now.
We are targeting the PL as TP and the previous Asia high as stop loss area.
Entering the trade early as there is less momentum at the moment.
Once the momentum build up, will look for a downside confirmation before finalizing the trade.
AUDUSD at Support line Ready for Bullish moveThe market is at the support level or on the neckline, where the head and one shoulder are fully completed, now the market will complete its second shoulder. Have you ever spotted a head and shoulders pattern in your forex charts? 👀 This classic pattern could be your key to anticipating market movements! #ForexAnalysis #ChartPatterns #LearnToTrade"
!!!SELL!!! AUDUSD HAS REACHED A DAILY INTEREST ZONEHELLO TRADERS I AM VERY INTERESTED IN THIS AUDUSD PAIR TO SELL IN THE NEXT SESSIONS VERY PROBABLY
TECHNICAL ANALYSIS
CONFLUENCES FOR SELLING AT THE MOMENT
1.- weekly bearish time frame
2.- daily bearish time frame
3.- 4 hr bearish time frame
4.- we are at the last point of the daily structure
5.- we are in a daily interest zone
why do I like it?
The price is currently in a daily interest zone that has been rejected repeatedly in the past in the daily time frame.
We are retesting the previous lowest low (October 21 and October 22)
The price has 3 time frames in tune (weekly, daily and 4 hr), so the most logical thing is to look to sell.
I will wait for the chart to show me more confluences before entering a trade and I will also wait for the outcome of the next few hours to look for a confirmation that gives me a market entry signal to apply my strategy. At the moment I do not have any trades in this pair, wait for new updates and be on the lookout for my market entry signal.
If you like my idea follow me and comment, I will respond to suggestions and comments!
Take a look at this strategy"Video Idea: A complete beginner-to-pro guide on using TradingView's advanced charting tools, technical indicators, and customizable features for market analysis. The video will cover setting up your workspace, reading charts, creating trading strategies, and navigating the social community. Perfect for traders looking to maximize their TradingView experience!"
"Video Idea: A complete beginner-to-pro guide on using TradingView's advanced charting tools, technical indicators, and customizable features for market analysis. The video will cover setting up your workspace, reading charts, creating trading strategies, and navigating the social community. Perfect for traders looking to maximize their TradingView experience!"
AUDUSD Strong SellIn the trading idea I posted about the continued decline of EURUSD, as I mentioned, the market made a pullback for a subsequent continuation of the downtrend. However, the scenario did not meet my operational metrics, so I ended up trading AUDUSD because it perfectly fit my metrics. I couldn't share the idea because it wasn’t a setup where I opened the AUDUSD chart and it was just there, leaving no time to share the idea. However, I want to share the mindset behind the trade.
AUDUSD: As you can see in the presented chart, the price broke the upward trendline with three strong candles. Considering that the main trend is downward, it was a clear sign of selling strength. When the market returned to the last higher low and rejected it, it was a signal of Smart Money's presence in selling the market. After that rejection, there was a strong continuation of the downtrend movement, creating an institutional order block. I then waited for the market to test the IOF (institutional order block) and opened a sell trade.
AUDUSDwe see a retracement here after a big sell candles, now retracement are done in 61.80 fibo zone and we are waiting for bearish candles for sell till our TP, lets see...
AUDUSDClearly we are in an uptrend, and we wanna be looking for buy positions in an uptrend. So its safe to say we should buy low.
So before taking a buy we wanna see a shift in market structure from the current temporary downtrend to the main trend which is an uptrend.
If this does not occur then the market is just going to keep selling and coz a change in trend.
AUDUSD H1 | Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 0.6652, which is a pullback resistance and a 50% Fibonacci retracement.
Our take profit will be at 0.6620, a swing-low support level.
The stop loss will be at 0.6670, a pullback resistance level.
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. 64% 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. 66% 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.
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
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.
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: 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.
