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Audusdanalysis

AUDUSD ~ Snapshot TA / Inverse H&S In The Making?FX_IDC:AUDUSD getting the Bullish bounce after finding a temporary bottom. Intriguing price history - double top rejection looks like formation of "Left Shoulder" of a long-term Inverse H&S pattern.. If AUDUSD has indeed established bottom, extrapolating head/neckline takes price target to ~74 cents (23.6% Fib Extension - March 2020 Covid Bottom / Feb 2021 Top). Further accumulation ie "Head" development strengthens argument for Inverse H&S...then again it's way too early to call & pure speculative indulgence on my part. Nevertheless, TBC. Boost/Follow appreciated, cheers :) CME:6A1! CME:6A2!
by BlueHatInvestor
AUD/USD Retreats Amid Resilient US Dollar; Eyes on Upcoming PMI The AUD/USD pair faces downward pressure amid a resilient US Dollar, hitting 10-week highs. While US investors anticipate potential tightening of the Federal Reserve's interest rate policy, Australian inflation softening supports an unchanged rate by the RBA. Technical indicators point to mixed sentiment with bearish bias. Market eyes are on the US PMI data for further cues. Both economic and technical analysis remain crucial in shaping trading strategies. TRADE IDEA DETAILS CURRENCY PAIR: AUD/USD CURRENT TREND: Bearish (Short-term) TRADE SIGNAL: SELL 👉ENTRY PRICE: Approximately 0.6446 (Nine-day EMA acting as immediate resistance) ✅TAKE PROFIT: 0.6364 (Near the monthly low, offering a technical support level) ❌STOP LOSS: 0.6489 (Just above the 23.6% Fibonacci retracement, acting as a key resistance) ANALYSIS: The AUD/USD pair has shown signs of bearish momentum in the short term. The technical indicators such as the MACD line and 14-day RSI being below 50 suggest a bearish bias. From a fundamental perspective, the resilient US Dollar and the Federal Reserve's potential interest rate tightening contribute to a negative outlook on AUD, especially with the softening of inflation in Australia. FINAL THOUGHTS: This trade idea is based on both technical analysis and current economic factors influencing the AUD/USD pair. As with all trades, it's vital to remain vigilant and adjust the strategy as necessary, based on real-time data and market conditions. Given the expected US PMI data and the possible tightening of US monetary policy, traders should closely monitor these events, as they could significantly impact the pair's direction.
Short
by RichDadph-FX
AUDJPY Long Term Trading IdeaHello Traders In This Chart AUDJPY HOURLY Forex Forecast By FOREX PLANET today AUDJPY analysis 👆 🟢This Chart includes_ (AUDJPY market update) 🟢What is The Next Opportunity on AUDJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
by ForexPlanet20
BluetonaFX - AUDUSD 2023 Low Broken With 2022 Low In SightHi Traders! AUDUSD has broken its 2023 low at 0.64583 and is approaching its 2022 low at 0.61702, and our recent bearish approach to this currency pair has worked well. On the 1W chart, the market has been in a long-term symmetrical triangle, and the trendline was finally broken to the downside. As the market approached the 0.64583 level, there had been strong support there previously, and it took the market a few days before the level finally broke to the downside. For 2023, the market is now trading in new territory, and depending on how strong the US dollar looks in the next few months, we may see further continuation on the downside. If the market does continue, 0.61702 is the level to look out for, as that is the low for 2022. 0.64583 will now be resistance, and new waves of sellers will most likely look to short around this level. Please remember to like, follow, and comment, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
6
AUDUSD Long Term Trading IdeaHello Traders In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET today AUDUSD analysis 👆 🟢This Chart includes_ (AUDUSD market update) 🟢What is The Next Opportunity on AUDUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
2
BluetonaFX - AUDUSD Near 2023 LowHi Traders! AUDUSD is nearing its 2023 low at 0.64583. Looking at the price action on the 1D chart, our bearish stance worked well, and since the double top pattern was established, the market has been on a downtrend with no upside relief. Yesterday we had a huge upside rejection candle at 0.66170, which we have highlighted on the chart. This is now a resistance area due to the aggressiveness of the long upside wick. Due to 0.64583 being the yearly low for the AUDUSD, there is strong support expected here. The longer the market holds above this level, the more likely we are to see a reversal of the bearish trend we have had over the past couple of months. Additionally, the pattern will become a double bottom pattern if there is a hold above 0.64583. Please remember to click on the like and follow buttons to support us. We would also love to hear your thoughts. Your support is greatly appreciated. BluetonaFX  
by BluetonaFX
2
DeGRAM | AUDUSD structure based tradeAUDUSD is near the major support level on the 4 hourly chart. It's consolidating on the daily chart. Price action rebounded from this level twice. Price action is printing a potential double bottom at support. There's a high chance that price bounces off the support if price creates a false break because we have a psychological level 0.6500. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
9
A Short Trader May get happy today, on this AUD pair! {07/08/23}Educational Analysis says AUDUSD may go Short according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why long? Because AUDUSD respects an uptrend line facing down line on a 4-hour time frame. The market is bearish but a strong AUD may change its direction and start a new trend soon. The black line is the Order block The RED line is high and low at the current price. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy trading, FX Dollars.
by VishalBudhrani
AUDUSD,Bearish trend,Head and ShoulderGood afternoon, I hope everyone had a succesful trading week and week in their daily lives. Here is a pre market forecast for AUDUSD this upcoming trading week. Last week, AUDUSD was bearish for the most of last week. Toward the end of the week it began a retracement process. Price broke the daily supply/demand area @0.65944. Price is projected to continue bearish momentum to the next 4hr supply/demand area @0.65464. If price rejects this area, look for the head and shoulder formation to form to confirm this projection. If there are any questions, comments, concerns, or you may have a similar analysis to mine please do not hesitate to share, comment, and boost this post.
Short
by NoPumpFakesFx
AUDUSD Analysis. Some fakeouts. SignalHello Everyone. I want share my idea about AUDUSD. In my last idea i detected many false brake outs, after that we still have it. i was longing this pair and still in position. next week i will try long this pair and here is reason why. Institutional made lot of brake outs long side but 0.689 LVL was interested for them. From 0.689 point we saw some slow bearish movements, i think they made this brake outs for filter people. I am longing next week this pair because on us dollar index broke weekly support which was strong, last week came for retest that and i think there will be strong sellers than buyers. dollar will continue bearish trend and AUD will rise versus dollar (i have us dollar index analysis which i will link in this idea). I have 3 scene for this pair price movement. 1 Bullish - price has strong reaction on Fibonacci at levels, brake weak resistance at 0.678, then brake strong 0.689 LVL, price going up and test 0.71 weekly resistance. 2 Bearish - Price is not strong at fibonacci levels coming down and brake strong support at 0.6588. 3 Fake movement - price show us not strong at fibonacci levels coming down, making liquidity swing at 0.6588 support area and then starting bullish trend which test weekly resistance at 0.71. If i want win this trade i need good risk management and and less risk reward. my stop will be below 0.6588 LVL. Be patient!!
Long
by elmakacho
1
AUDUSD - Buy - LONG!In the case of AUDUSD, the Stochastic Oscillator is giving an oversold signal for the AUD/USD currency pair. The %K and %D values you've provided (8.83% and 5.15% respectively) are both well below 20, which further emphasizes the oversold condition. Additionally, the BEARISH TREND weakens in the short term which supports a short-term uptrend. However, it is important to remember that this is a lagging indicator and might not predict future price movements perfectly. Also, an oversold market can remain oversold for a long time, just as an overbought market can stay overbought for a long time. while the Stochastic Oscillator might suggest a potential upward price movement in AUD/USD due to the oversold condition, it's recommended to use this in combination with other technical analysis tools, market fundamentals, and risk management strategies to validate the signal and make more informed trading decisions. It's always important to consider the broader market conditions, including geopolitical events, economic data releases and other factors that might influence the forex market. Moreover, please note that any form of trading involves a substantial risk of loss and is not suitable for everyone. Always consult with a financial advisor before making investment decisions. THIS IS NOT FINANCIAL ADVICE!!
Long
by sultancoker