AUD/USD - Potential Buy Reentry H4 TFTechnical analysis based on Basic BBMA strategies( Bollinger Band and Moving Average). This is just a potential market projection where the market price can go. Trade wisely.
USDAUD trade ideas
AUDUSD_106 2024.11.04 11:23:04 Trading Signal SELLFrankPro Signal for AUDUSD_106
Type: Screen
Signal: SELL
TP: 0.6557
SL: 0.6601
Entry Price: 0.65955
Analysis for AUDUSD
Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Up
ST=Down LT=Down
ST=Down LT=Up
Analysis Method(0)
Based on the provided analysis, here is my assessment of the AUD/USD pair's expected price movement:
**Short-term (next few days to a week):**
* The pair is expected to attempt a decline and test the support area near 0.6475.
* The 200-day Simple Moving Average (SMA) at 0.6627 is currently acting as resistance, favoring a continuation of the downside trend.
* However, a breakout of the resistance area and closing of prices above 0.6605 could confirm growth.
* Given the mixed signals, I would say the price is likely to **stay the same** or experience a **slight decline** in the short term, with a potential target around 0.6475.
**Long-term (next few weeks to a month):**
* A Democratic win in the US election could push AUD/USD higher towards 0.6850.
* The RBA's expected decision to keep interest rates steady at 4.35% and the labour market strength suggest a potential for rate cuts in early 2025, which could support the AUD.
* A sustained break above the 200-day SMA and horizontal resistance around 0.6700-0.6720 could negate downside risks and pave the way for a rally towards 0.6850.
* Given the potential for a Democratic win and the RBA's supportive stance, I would say the price is likely to **go up** in the long term, with a potential target around 0.6850.
Result: ST=Down LT=Up
Analysis Method(1)
Based on the provided analysis, here are my conclusions for the AUD/USD pair:
**Short-term forecast (next few days/week):**
The price is expected to go **down** initially, potentially testing the support level near 0.6475, due to the bearish correction and selling pressure from the US dollar's gains. However, a rebound from the lower border of the bullish channel or the support line on the RSI could signal further growth, targeting levels above 0.6775.
**Long-term forecast (month/year):**
The price is expected to **stay the same** or experience a **slight decline**. The monthly forecast for November 2024 suggests a slight decline to 0.657 by the end of the month, with an average of 0.658. The fundamental factors, such as the Australian dollar's pressure due to US dollar gains and skepticism over China's economic stimulus measures, may contribute to a stable or slightly bearish trend in the long term.
Please note that these conclusions are based on the provided analysis and may not reflect the actual market movements, as the foreign exchange market is highly volatile and subject to various factors.
Result: ST=Down LT=Down
Analysis Method(2)
Based on the provided data, I will analyze the AUD/USD pair's price movement expectations for both short-term and long-term.
**Short-term Analysis (next few days to a week)**
* The pair has seen a rebound, trading around 0.6615 - 0.6620, an increase of 0.85% from its Saturday close.
* Technical analysis suggests that the pair is challenging resistance at the 200-day moving average of 0.6628, and a sustained break above this level could lead to a rally.
* However, the moving averages indicate an upward trend, but prices have broken through the area between the signal lines downwards, suggesting pressure from asset sellers.
* The forecast suggests that the pair may attempt to develop a decline and test the support area near the 0.6475 level, followed by an upward rebound.
**Expected Short-term Movement:** Neutral to Slightly Down
The pair may experience a slight decline in the short term, testing the support area near 0.6475, before potentially rebounding and continuing its growth.
**Long-term Analysis (next few weeks to months)**
* The pair's long-term trend is influenced by the upcoming US Presidential election, with a Democratic win potentially pushing AUD/USD higher towards 0.6850.
* Australia's Q3 inflation data showed a decline, which falls within the RBA's target range, and the RBA is expected to keep interest rates steady at 4.35% in the upcoming meeting.
* The cancellation of the growth option for AUD/USD would be a fall and a breakout of the 0.6355 level, indicating a continuation of the fall with a target at the level of 0.6175.
**Expected Long-term Movement:** Up
The pair's long-term trend is expected to be upward, with potential targets above 0.6775 and 0.6850, driven by the US Presidential election and the RBA's steady interest rates. However, a Republican sweep could drive the pair down to around 0.6350.
Result: ST=Down LT=Up
DeGRAM | AUDUSD aims to close the gapEURGBP is in an ascending channel above the trend lines.
Having reached the upper boundary of the channel and resistance level, the price has formed a gap.
We expect a pullback to the support.
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AUDUSD TRADE SETUPHey Traders,
Check this analysis out on AUDJPY, this is showing a potential for both buy and short opportunity.
So, keep a close tab on the pair something is about to make way
Trade safe.
Trade idea - AUDUSD Long4H
Inverse Head & Shoulders pattern potentially in play.
Clear support & resistance zone is there.
Corrective approach towards entry zone.
Market moving in Bull Flag formation.
Fibonacci completions aligning with entry zone.
= Confirmation to place Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
Aussie:Elliott Wave Structure Suggests More Downside After RallyThe RBA stands out with a potentially different approach compared to other central banks, as inflation in Autralia remains relatively high, making rate cuts this week less likely. This could support a rally in the Aussie, which aligns with the Elliott Wave pattern showing wave A in its final stages, with a strong five wave sell-off from September highs.
A bounce could develop then, especially if the HSI remains stable or even moves higher this week.
However, once the Aussie shows a solid recovery, be awre for a potential resumption of the downtrend, ideally from around 0.67 resistance; from the area of a former wave four. For those trading this pair, it’s worth waiting for a bounce before entering on the short-side.
Grega
Market Analysis: AUD/USD Rebound Could Be LimitedMarket Analysis: AUD/USD Rebound Could Be Limited
AUD/USD is attempting a recovery wave from 0.6540.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar found support near 0.6540 and is now recovering against the US Dollar.
- There was a break above a key bearish trend line with resistance at 0.6575 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD at FXOpen, the pair dipped from the 0.6600 resistance zone. The Aussie Dollar declined below 0.6600, but the bulls were active near 0.6540 against the US Dollar.
A low was formed near 0.6537 and the pair is now correcting losses. There was a move above the 50% Fib retracement level of the downward move from the 0.6659 swing high to the 0.6537 low. There was also a break above a key bearish trend line with resistance at 0.6575.
The pair is now above 0.6585 and the 50-hour simple moving average. On the upside, immediate resistance is near the 61.8% Fib retracement level of the downward move from the 0.6659 swing high to the 0.6537 low at 0.6610.
The first major resistance is near a rising channel at 0.6630. A clear upside break above 0.6630 could send the pair toward 0.6660. The next major resistance on the AUD/USD chart is near 0.6680, above which the price could rise toward 0.6725. Any more gains might send the pair toward 0.6740.
On the downside, initial support is near 0.6575 or the 50-hour simple moving average. The next support could be the 0.6540 zone. Any more losses might send the pair toward the 0.6500 support.
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.
Possibility of uptrend The price is expected to stabilize above the current support range and then continue the upward trend
Read The AUDUSD MarketLet's Read the AUDUSD Chart and Looking at Price Actions to Prepare for start a great Week, Good Luck With Your Trades <3
AUDUSD h4 | Be arish Drop Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.6619, which is a pullback resistance and a 50% Fibonacci retracement.
Our take profit will be at 0.6558, a swing-low support level.
The stop loss will be at 0.6662, an overlap resistance level.
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Falling towards 38.2% Fibonacci support?The Aussie (AUD/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is an overlap resistance.
Pivot: 0.6585
1st Support: 0.6538
1st Resistance: 0.6649
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AUD/USD Decline Expected Before Bullish ReboundHello,
OANDA:AUDUSD pair is expected to continue its decline, as anticipated last week. Despite widespread optimism, further downside is likely before a bullish trend emerges. The anticipated swing range is between 0.656921 and 0.632512.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
AUD/USD Long D1Entry @ 0.6761
S/L @ 0.63467
T/P1 @ 0.71744
T/P2 @ ---------
R.R.R. @ 1/1
Pure Price Action Trading based on Breakout of Key Levels.
Trump or Harris? Markets Awaits Outcome Trump or Harris? Markets Awaits Outcome
This week, the U.S. presidential election will command everyone's attention.
Market watchers will be focused on a handful of pivotal swing states, including Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. Pennsylvania is potentially the most critical.
Yet, the results may not be immediate. In 2020, for instance, the Associated Press declared Biden the official winner about three and a half days after polls closed.
This time around, a win by Trump could strengthen the dollar, driven by the possibility of heightened tariffs that may also weigh on currencies closely linked to China, such as the Australian dollar. With daily MACD in negative territory, AUD/USD appears on track to test the next support at 0.6490, aligned with a trend line since October 2023
In contrast, Newsquawk suggests that a Harris victory could pressure the dollar, with potential gains in commodities and the euro.
AUD_USD MOVE DOWN AHEAD|SHORT|
✅AUD_USD is already making
A bearish pullback from the
Horizontal resistance of 0.6600
So we are bearish biased
And we will be expecting
A further move down
SHORT🔥
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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 :-)
AUDUSD - USD Raging On part 3Please wait the H4 3 candles to perform so you can have a better view. Then enter after H4 stop , don’t start @ the middle. Don’t stand in the middle of the street Darling you will hit by a car.
AUD-USD Will Keep Falling! Sell!
Hello,Traders!
AUD-USD is trading in a
Downtrend and the pair
Is making a pullback from
The horizontal level of 0.6600
From where we are already
Seeing a bearish move down
So a further bearish continuation
Is to be expected
Sell!
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Check out other forecasts below too!
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.
AU:Will Positive Aussie Labor Data Hold as US Retail Sales Loom?The Australian Dollar (AUD) found support on Thursday following the release of positive labor market data. Australia's Employment Change rose by 64.1K in September, bringing total employment to a record-high 14.52 million. This strong labor data has provided a temporary boost to the AUD, despite broader market uncertainties. However, traders remain cautious ahead of the anticipated US Retail Sales data, which is expected to show a 0.3% increase for September, up from 0.1% in the previous month.
Technical Analysis and Market Positioning
From a technical perspective, the Commitment of Traders (COT) report shows a clear divergence in market sentiment. Retail traders appear to be strongly bullish on the AUD/USD, while smart money (institutional investors) has taken a bearish stance. This discrepancy often signals the potential for market reversals, as institutional players are generally more adept at positioning ahead of key market moves.
Additionally, when looking at seasonality trends from the Forecaster and considering key Supply and Demand areas, there’s a possibility that the AUD/USD could experience a new drop. However, this is likely to occur after a brief retracement, as the market digests both the Australian labor data and the upcoming US economic figures.
Outlook and Strategy
For now, we are adopting a wait-and-see approach. Given the mixed signals from the COT report and the seasonal factors at play, we prefer to remain on the sidelines until the situation becomes clearer. The upcoming US Retail Sales data, along with other market-moving news, will likely provide further direction for the AUD/USD in the days ahead. Once the market reacts to these key events, we will reassess and consider potential trade setups accordingly.
Patience is key, as the next few days could bring more clarity after the news impacts play out.
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Possibility of uptrend It is expected that the downward trend of the specified support range will be formed. Then, according to the behavior of the price in this range, the continuation of the downward trend will be probable. If the price crosses the red resistance zone, the continuation of the upward trend is likely
AUDUSD / SHORT / M15AUDUSD Potential Downside from the Bearish Order Block
Bearish Order Block: 0.65762 - 0.65708
Based on my analysis using Smart Money Concepts (SMC), AUDUSD has formed a bearish order block around 0.65762 to 0.65708. Price action is showing signs of a potential reversal within this block, suggesting that sellers might step in at this level, leading to a downward move.
I'll be watching how AUDUSD reacts in this range, with a high probability of this trade ending in profits if the order block holds strong as resistance.
Trade Details:
Position: Short
Lot Size: 0.2
Entry Price: 0.65708
Take Profit: 0.65531
Stop Loss: 0.65885
This setup aligns with institutional movement patterns, and I’ll be monitoring for confirmation of bearish momentum. Let’s see how the market reacts!
AUDUSDIf the analysis aligns with the market's actual direction, and the currency pair moves in the anticipated direction (up for a buy trade or down for a sell trade), the trade will likely yield a profit. The magnitude of the profit will depend on the size of the price movement, position size, and leverage used.
