AUDUSD LONG Term Buying Trading IdeaHello Traders
In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET
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AUDUSD: The Federal Reserve meeting this week influences AUDUSD Even after the Federal Reserve raised interest rates for a considerable amount of time, the US dollar has recently appreciated due to indications of the country's robust economy.
September saw a sharp increase in US consumer spending, and the third quarter saw the greatest growth of the US economy in almost two years.
When the Fed announces its decision on Wednesday, policymakers are expected to maintain current interest rates. The Fed will meet this week.
But as markets continue to fret about rising inflation, they are worried that these good data suggest higher interest rates will be around for a longer time.
AUDUSD Technical Analysis and Trade IdeaIn this video, we present a comprehensive analysis of the AUDUSD, with a particular focus on the prevailing bearish sentiment detected in higher timeframes. Notably, the AUDUSD has reached a critical support level. Throughout this presentation, we explore essential aspects of technical analysis, encompassing elements such as the current trend, dynamics of price action, market structure, and various other fundamental components of technical analysis. As we progress further in the video, we closely scrutinize a potential trading opportunity.
It is essential to underscore that the information provided here is solely intended for educational purposes and should not be misconstrued as financial advice. Participating in currency market trading involves a substantial degree of risk. Hence, it is imperative to judiciously incorporate risk management strategies into your trading plan.
AUD/USD Sell Idea 30/10/23Trade Details
Sell @CMP
Entry: 0.63625
Take Profit 1: 0.63300
Take Profit 2: 0.63127
Take Profit 3: 0.62701
Stop Loss: 0.63700
Key Notes
Order flow: Bearish
Trend: Bearish
Structure: Change
Entry at order block (Supply)
Disclaimer:
This is just a sample template and should not be used as financial advice. Always do your own research before making any trading decisions.
AUDUSD: Retracing Friday's declineThe majority of Asian currencies saw minimal movement on Friday as markets declined ahead of several significant central bank meetings that take place the following week. The Japanese yen, on the other hand, modestly increased on robust inflation data but stayed unchanged. close to a yearly low.
Despite holding onto the majority of this week's gains, the dollar index and dollar index futures saw minimal movement during Asian trading. After somewhat declining in overnight trading, Treasury rates likewise steadied and stayed within a range of multi-year highs. The US economy expanded faster than anticipated in the third quarter, according to data released overnight, which helped to elevate investor mood.
AUDUSD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for a short position. After price took liquidity below equal lows, I expect a retracement to fill the imbalance higher and then new expansion lower.
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AUDUSD: Technical analysis of AUDUSD on October 26After failing to overcome resistance and touching below the psychological level of 0.6400, AUD/USD fell rapidly to the 2023 bottom around 0.6300. While it is possible that prices could stall in this zone, it could open the door to a drop to last year's low of 0.6170.
On the other hand, if the buyers return then the first level of resistance will appear at 0.6350, overcoming this mark will bring progress towards 0.6400. And it will be bolder if the bulls attack the 0.6460 mark and take the price to 0.6510.
Currency Watch: AUDUSD of interest for next 2 weeks? There are two weeks left until the Reserve Bank of Australia (RBA) decides whether to enact another rate hike (on November 7). And, yesterday’s Australia Consumer Price Index (CPI) might have made the trading in the lead up to this decision more interesting.
The CPI figures show a quarterly inflation increase of 1.2% and an annual increase of 5.4%, raising pressure on the RBA to consider another interest rate hike. But, is the conviction to hike any more really there?
RBA's newly-appointed governor, Michele Bullock, delivered a strong message during her public address yesterday, warning that the bank won’t hesitate to raise interest rates if inflation doesn’t behave itself.
The Commonwealth Bank of Australia and ANZ have both now revised their rate pause view. Both now see a 0.25% hike in November. Similarly, traders are predicting a 65% chance of a rate hike next month too.
The RBA would be one of the very few central banks still hiking, which might add some fuel to AUD bulls (Markets think that both the US Federal Reserve and the European Central Bank are done with hiking).
On the back of higher-than-expected inflation data, the AUD appreciated toward a strong resistance at 0.63995, hitting its strongest levels in almost two weeks. However, sellers came into the market here, and have since pushed the pair below where it started yesterday, keeping its long-term downward trajectory intact.
AUDUSD: AUDUSD is under pressure ahead of US and Australian dataThe Australian dollar is currently down to 0.6310, with the next key supports at 0.6300 and then 0.6285.
For buyers, the key immediate resistance is the 14-day EMA at 0.6347, with resistance at 0.6400 and 0.6429, the 23.6% Fibo level of the decline from July peak to September low.
This week, markets will continue to wait for a series of PMI reports from both countries. Additionally, the governors of both central banks are also scheduled to speak this week, as well as the release of Australian CPI, US PCE inflation, and the University of Michigan Consumer Confidence Index.
AUD/USD rises for fifth day (but resistance looms)The Aussie has risen for a fifth day, but it is worth noting that minor rallies tend to peter out around the 5-6 day mark. Price action on the 1-hour chart also suggests the rally could be corrective, against its drop from 65c-63c.
Given a bearish RSI divergence is forming on the 1-hour RSI (14) and the 50-day EMA resides around the weekly R1 pivot, we're looking for evidence of a swing high and for momentum to turn lower.
AUD/USD looks set to extend its bounceThe Aussie fell in line with our bearish bias last week, thanks to stronger-than-expected CPI data from the US and the Middle East conflict. Yet despite the risk-off sentiment, the Aussie held above 63c last week and formed a bullish engulfing day on Monday.
A bullish engulfing candle also formed on the 4-hour candle, prices are back above the September low and are now considering a break above the monthly pivot.
Given the liquidity gap (LG) that formed during last week's decline, a break above last week's high assumes the LG could be filled if prices break higher.
The near-term bias remains bullish above the 4-hour candle low.
AUDUSD: AUD/USD tests 0.6300 as risk-off sentiment prevails and AUD/USD struggles to maintain above 0.6300 after PBOC's decision to keep the lending base rate (LPR) unchanged. Selling pressure weighed heavily on the pair amid persistent risk-off sentiment due to escalating tensions in the Middle East.
AUD/USD recovered from near the key support of 0.6285, but the overall bias remains bearish as the price remains below the 20-day MA. On frame D1, price action has not shown clear developments yet.
On the H4 frame, AUD/USD is stuck below MA 20, but technical indicators show recovery potential. If we break through the immediate resistance of 0.6355, the next targets will be 0.6375 and 0.6390, reinforcing the strong upward momentum to 0.6430.
If the support of 0.6330 is broken, the outlook for AUD/USD will be relatively worse, but holding the support of 0.6285 will limit the downward momentum. On the contrary, if it breaks below this level, sellers will aim for the 0.6250 support and the 2022 bottom at 0.6170.
Sell Limit Order Of AUDUSD, Trend Continuation Trade.{11/09/23}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 Short?
Broker Forex.com
The AUDUSD Market is in a downward trend making AUD currency strong against the USDollar.
So one trade is already on with RR is 1:11.7
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Happy Trading, Fxdollars.
AUDUSD - Potential short ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for a short. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.64000.
Fundamental analysis: Tomorrow will be released Unemployment Rate in Australia and Unemployment Claims in USA. Pay attention to the results in order to validate the analysis.
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AUDUSD will go Up soon(⏰(4-Hour)⏰🏃♂️ AUDUSD is running in 🟡 Price Reversal Zones(PRZ) 🟡 and near the Important Support line and Support line .
💡Also, we can see Regular Divergence(RD+) between two Consecutive valleys .
🔔I expect AUDUSD will go UP at least to the Resistance line(2) .
Australian Dollar/U.S.Dollar Analyze ( AUDUSD ) 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is my idea, and I will be glad to see your ideas in this post.
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AUDUSD Bullish Pennant BreakoutThe pair is already in an uptrend on higher time frames. We are expecting further upside which is signalled by the breakout of the bullish pennant pattern. We can also see the formation of a new high and a breakout of a key level which further supports our directional basis. Entry on retest of the key level.
Asian stocks fell slightly as the USD stabilized on many economiMost Asian currencies fell slightly on Tuesday as demand for the dollar remained steady ahead of several key US economic indicators this week, while sentiment also remained at jittery levels. Israel-Hamas war.
Data on US retail sales and industrial production will be released later in the day, while a host of Federal Reserve members will speak this week, most notably Chairman Jerome Powell on Thursday.
The data and addresses are set to provide more signals on the world's largest economy and will be closely watched after a surprise rise in US inflation over the past three months raised concerns of a The Fed is more hawkish.
The Australian dollar edged up 0.3% as minutes from the Reserve Bank of Australia's recent meeting showed policymakers are still considering more interest rate hikes, as recent inflation persists. increase.
AUDUSD: Asian foreign exchange little changed as dollar falls; TMost Asian currencies fell slightly on Monday, while the dollar edged away from recent peaks as investors continued to worry about any potential spillovers from the Israel-War. Hamas.
Demand for riskier Asian currencies remained weak, while the dollar saw mild profit-taking after reaching near a 10-month high last week. Concerns about higher interest rates in the US, after inflation rose sharply in September, kept Asian market sentiment largely negative.
The Australian dollar rose 0.4%, recovering from a 10-month low, although sentiment towards the currency remained dampened by weak commodity prices.