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BluetonaFX - AUDUSD Looking For DirectionHi Traders, AUDUSD has been stuck roughly in a 165-pip range for the past few weeks and is looking for a direction to continue in. Looking at the price action on the 3H chart, we have drawn the supply and demand zones for you to see. There have been numerous price rejections at the supply zone; the demand zone is at its yearly low of 0.63574. The price action is leading to the bearish side for a few reasons: firstly, the market has rejected any upside push to the supply area around the 0.65000 area; secondly, there has been no momentum push to the upside when the market reaches the demand zone, which indicates a lack of buying power; and lastly, we are still under the 20 EMA. That being said, to continue with a bearish bias, the market must break the yearly low at 0.63574 with momentum to continue down. If this does not happen, there is likely to be price rejection here, and we are likely to head back up towards the 0.64000 area. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
The AUDUSD Showdown: Bulls, Bears, and a Tale of Two ContinentsGrab a cuppa, Forex enthusiasts, because we've got a drama unfolding in the currency market that's more gripping than a cricket Ashes series. The star of this financial soap opera? The AUDUSD currency pair, and let me tell you, it’s been a rollercoaster of a year. Imagine it like a chess match, except the kings are central banks and the knights and bishops are economic indicators. Confused? Don't worry, we’re breaking it down. Scene One: Technical Tidbits So, the AUDUSD has slipped to 0.6450 from an already modest 0.6500 earlier this week. That's not a cliffhanger; it’s a downhill slide that's been going on since the New Year’s fireworks. If this were a reality show, Team Bear would be winning, and Team Bull would be eyeing the exit. The Chart Gossip Picture a 200-day moving average as that posh, elusive club everyone wants to get into but can't. The AUDUSD is trading _below_ this VIP line, essentially making it the social outcast of currency pairs. Adding fuel to the fire, our pair is also entangled in a 'descending triangle pattern,' which in trader jargon means, "Don’t expect a U-turn any time soon, mate!" Scene Two: The Fundamentals Face-off Now let’s zoom out from the charts and plunge into the juicy, real-world stuff. What’s actually pushing our Aussie-US duo into this downslide? Central Banks: A House Divided The U.S. Federal Reserve and the Reserve Bank of Australia are like that couple we all know — in a complicated relationship. While the Fed is hiking up interest rates like a mountain climber scaling Everest, the RBA has nearly run out of gas. This disconnect is like a magnetic force, pulling the AUDUSD even lower. The Aussie Battleground Australia’s economy is looking a bit under the weather. We’re talking trade wars with the US, economic slowdown, and even our big buyer, China, cutting back on shopping sprees. A sluggish Aussie economy? Not exactly a crowd-pleaser for AUD investors. The Chinese Domino Effect Don't forget China, Australia’s main squeeze for exports. If China sneezes, Australia catches a cold, as the saying goes. The slowing Chinese economy, caught in its own trade war saga, is causing a decrease in demand for Aussie goods, adding another log to the AUDUSD’s funeral pyre. Should You Dance with the AUDUSD? You might think trading AUDUSD is like dating a bad boy: full of thrills, thanks to its high liquidity and yummy spreads. But let me tell you, folks, the excitement comes with caution stickers all over. It's a high-risk, high-reward game. In a Nutshell The ongoing drama surrounding AUDUSD is the Shakespearean tragedy of the Forex world, and the forecast doesn't look like a romantic comedy. We're talking diverging central bank policies, a weakening Australian economy, and China's fading appetite for imports. It's a triple-threat that points to a continued bearish outlook for the AUDUSD. So, whether you're Team Bull or Team Bear, keep your wits about you. The AUDUSD market isn't for the faint-hearted, and it demands that you keep your finger on the pulse of global economic theatre. Curtain's down, but the next act promises to be just as riveting!
Short
by TFLOfficial
2
BluetonaFX - AUDUSD Potential Triangle Break OpportunityHi Traders! We have a potential triangle opportunity on the AUDUSD 1H chart. We are looking for a break and a continuation of the break on either side. To the upside, we are looking for a break above the trendline to target 0.64440. To the downside, we are looking for a break of the support line to target 0.63720. Please do not forget to like, comment, and follow as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
BluetonaFX - AUDUSD Potential Head & Shoulders OpportunityHi Traders! We have a potential Head and Shoulders opportunity on the AUDUSD 1H chart. The price action is telling us that there is a bearish bias here; we have broken below both our 20 EMA and middle Band, and we are near the neckline of the pattern. We are now looking for a break and a close below both the neckline and lower bollinger band to target 0.65271. As long as we remain below the 20 EMA and middle band (we MUST stay below the 20 EMA and middle band), our bearish view will continue. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
2
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 - SHORT SETUP - SELL The Stochastic Oscillator %K value is 84.92% and the %D value is 91.64%. Both values are above 80, indicating an overbought condition. This suggests that the price has reached a relatively high level and a pullback or reversal may be likely. The price is likely to retrace back to around .66300. From the Daily time frame, it is evident that the price is nearing a significant supply area. This suggests the possibility of a downward correction. We should observe whether the market will present us with a suitable trading setup. Please note that the information presented on TradingView is sourced from a third-party provider. It is important to remember that you are solely responsible for making trading decisions for your account. Trading involves a very high level of risk. Any information or content provided is strictly for research, educational, and informational purposes and should not be considered as investment advice, consultation advice, or an investment strategy. The information provided is not customized to meet the investment requirements of any specific individual, and it does not take into account the investment objectives, financial situation, or needs of any recipient who may access it. This is not financial advice and we are not responsible for your losses that may occur following our analysis!!! If you find this analysis of AUD/USD helpful, please give me a boost, or like to show your support. My first public Idea post
Short
by sultancoker
4