AUDUSD shortWe expect a continuation of the short on Monday into SSL after confirmation.
TP: 0.63360
SL: 0.63850
USDAUD trade ideas
possibility of uptrendConsidering the price behavior in the resistance range, possible scenarios have been identified.
It is expected that the downward trend will continue
AUDUSD BUY | Idea Trading AnalysisAUDUSD is moving in an UP trend channel.
The chart broke through the dynamic Resistance line, which now acts as support.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
AUDUSD: If FOMC Vote on Stroner USD Federal Open Market Committee members could affect all markets including oil, stocks, Gold, Crypto and Forex Surely!
In case of any better than predicted Core Retail Sales, FOMC may avoid decreasing interest rate and thus the AUDUSD may fall.
ATTENTION: Strong fluctuations after the news release might occur.
AUDUSDA huge drop, three corrections, v-vofrmation and consolidation. If it closes below the white line on 5m time frame, it will be a sell sign for me for a tp 2
AUDUSD BUY 1 HOUR TIME FRAME Strong Demand Zone
A lot of liquidity up there
Price has to fill the gap eventually
6:29 Risk Reward
Let’s See:)
AUD-USD Risky Long! Buy!
Hello,Traders!
AUD-USD is approaching
A horizontal support of 0.6335
So despite a strong downtrend
We will be expecting a
Local bullish rebound
And a move up
Buy!
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IS AUD/USD ON THE BRINK OF BREAKING STRONG SUPPORT?
FUNDAMENTAL VIEW
Later today, markets will focus on U.S. PMIs, with manufacturing PMI forecast at 49.4 and services PMI at 55.7. On Tuesday, at 5:30 PM GMT+4, key data releases include USD core retail sales and retail sales, expected at 0.4% and 0.6%, respectively.
On Wednesday, December 18, the spotlight will be on the Fed funds rate decision, with markets pricing in a 25bps cut during the December policy meeting. On Thursday at 5:30 PM GMT+4, USD GDP q/q is expected at 2.8%, alongside weekly unemployment claims projected at 245k. The week concludes on Friday with the U.S. core PCE m/m release, forecasted at 0.2%.
TECHNICAL VIEW
On the daily time frame, price action is consolidating within a defined range, with the upper red rectangle serving as strong resistance and the lower green rectangle acting as firm support. The price is struggling to break and close below this support zone. The RSI is near the oversold level of 30, suggesting a potential reversal, reinforced by the historically strong support at this level.
If bears succeed in closing the price below 0.63366, the pair could drop to the October 25, 2023, low of 0.62748, and potentially to 0.62001, almost a four-year low. This scenario could align with a strong dollar and political factors such as Trump's second term. Conversely, if bulls manage to push the price above 0.64742, the next target would be around 0.65488, signaling a possible bullish reversal. The coming days will provide clarity on the direction.
AUD_USD LOCAL LONG|
✅AUD_USD fell down sharply
But a strong support level was hit at 0.6337
Thus as a rebound is already happening
A move up towards the target of 0.6400 shall follow
LONG🚀
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AUD/USD Short term trade , rise above low RSI levelHi guys, we are taking a look at a short term trade on the AUD/USD , with an asceding scenario , as to we have reached low levels of the RSI Indicator on 1H and 4H time frames.
Entry: 0.63415
Target: 0.63715
Stop loss: 0.63253
RR - 2:1
As always my friends happy trading!
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AUDUSD Wave Analysis 16 December 2024
- AUDUSD reversed from support zone
- Likely to rise to resistance level 0.6400
AUDUSD currency pair recently reversed up from the support area set between the strong support level 0.6350 (which has been reversing the price from 2023, lower border of the weekly sideways price range) and the lower weekly Bollinger Band.
The upward reversal from the support zone stopped the previous impulse waves 3 and (3).
Given the oversold weekly Stochastic and the strength of the support level 0.6350, AUDUSD currency pair can be expected to rise further to the next resistance level 0.6400.
AUD/USD Bearish Momentum Towards 0.63365The Aussie is currently at 0.6400, Looking for a Bearish Run towards 0.63365.
Then at 0.63365, looking for potential reversal or continuation of the market.
AUD/USD Approaching Key Long-Term Support ZoneChart Analysis:
The Australian Dollar has fallen sharply and is now approaching a key support level near 0.6172, last tested in October 2022.
1️⃣ Support Zone:
The horizontal level at 0.6172 represents a critical long-term support area. A test of this level could attract significant attention from market participants.
2️⃣ Fibonacci Retracement:
The 78.6% Fibonacci retracement of the larger upswing sits around 0.6042, which could act as an extended support level if the current zone is breached.
3️⃣ Moving Averages:
50-day SMA (blue): The pair remains well below this level, currently at 0.6524, signaling strong bearish momentum.
200-day SMA (red): Positioned at 0.6615, reflecting a broader downtrend in play.
4️⃣ Momentum Indicators:
RSI: At 30.54, nearing oversold territory, which could signal a potential short-term bounce or pause in the downtrend.
MACD: Deep in negative territory, with no clear signs of reversal as the MACD line continues to trend downward.
What to Watch:
Price action near 0.6172: Will the level hold, or will a break open the door for further declines toward 0.6042?
RSI divergence or bullish patterns near support could indicate the possibility of a rebound.
AUD/USD remains under significant pressure, with momentum favoring bears as the pair approaches a pivotal support zone.
-MW
CHART BREAKDOWN AUDUSD: Key Levels, Targets and Thoughts!Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 0.64170 to 0.64210, respectively, is highlighted.
Things I Have Seen👀:
Important Supply Zone🟢: Identified between 0.64170 and 0.64210 serving as a low-risk sell.
Bearish Targets📉:
0.63980 : Possible retracement area.
0.63850 : Possible retracement area.
0.63800 : Possible retracement area.
0.63600: Possible retracement area.
0.63650 : Significant supply zone.
0.63500 : Liquidity area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
AUDUSD FORCASTAUDUSD Based on this Time Frame to Sell
Near Price Breakout after the test the Support Zone 0.62400
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AUDUSD still bearish AUD/USD Chart Analysis and Trade Setup (4H Timeframe)
Technical Analysis:
1. Ichimoku Cloud:
Price Action: The price is trading below the Kumo Cloud, signaling a bearish bias.
Tenkan-Sen (Blue Line) and Kijun-Sen (Red Line): The Tenkan-Sen remains below the Kijun-Sen, which confirms bearish momentum.
Cloud Outlook: The future Kumo (to the right) remains red, indicating that bearish sentiment is likely to persist.
2. Support and Resistance:
Immediate Support: 0.63500, as the price is currently testing this level.
Resistance Levels:
0.63790 (first hurdle),
0.63911 (stronger short-term resistance).
If support at 0.63500 breaks, the next downside target will likely be 0.63259.
3. Volume:
Volume is relatively moderate but has picked up as the price tests support, suggesting a potential breakout to the downside if sellers gain control.
4. Candlestick Patterns:
A series of bearish candles is seen, with no strong reversal patterns as of now.
A bearish continuation setup may unfold if the price closes below 0.63500 on the next candle.
Trade Setup:
1. Bearish Scenario:
Entry: Short the AUD/USD pair if the price closes below 0.63500.
Target:
First take-profit at 0.63259,
Extended target at 0.63000 if bearish momentum accelerates.
Stop-Loss: Place a stop above 0.63790 (resistance).
Risk/Reward: Ensure a minimum ratio of 1:2 for profitability.
2. Bullish Reversal Setup (Less Probable):
If the price bounces off 0.63500:
Entry: Long above 0.63790.
Target: First at 0.63911 and next at 0.64261.
Stop-Loss: Below 0.63450 to minimize risk.
Conclusion:
Current bias is bearish with potential for further downside if support at 0.63500 breaks.
Watch for volume confirmation and price action around key support levels before entering trades. A bounce would signal short-term relief, but the trend remains bearish as long as the price trades below the cloud and resistance areas.
AUDUSD Reversal ExpectedHello,
As highlighted in the previous analysis, OANDA:AUDUSD has tested support levels and established a new 1-year low at 0.63366. While upside is anticipated, confirmation will be needed. A reversal is expected.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
AUDUSD Stop Hunt | Avoid CaptureHere's a brief explanation of why stop hunts happen as well as an AUUDSD full analysis/runover post US CPI.
Lingrid | AUDUSD trend CONTINUATION tradeThe price perfectly fulfills my last idea. It reached target. FX:AUDUSD is currently showing a bearish trend by a series of lower lows and lower closes. After pulling back from its support level, the market retested the resistance zone, only to fall back down. I expect the downtrend to continue, with the price likely to move further downwards. Notably, a long-tailed candle formed at the resistance zone, hinting at a potential reversal and trend continuation. I expect the price move below the psychological level at 0.64000 and retest the support zones. My goal is support zone around 0.63780
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AUD/USD Declines as RBA Holds Interest Rates SteadyThe AUD/USD pair is experiencing continued downward pressure following the Reserve Bank of Australia's (RBA) decision to hold the Official Cash Rate (OCR) steady at 4.35% during its final policy meeting of the year. RBA Governor Michele Bullock articulated this choice at a press conference, highlighting that the interest rate has remained at this 12-year high for nine consecutive meetings in December. Currently, the price is trading around 0.6395, reflecting this bearish trend.
Market participants are keenly awaiting key economic data, including the upcoming US Consumer Price Index (CPI) announcement and Thursday's unemployment claims, along with the Core Producer Price Index (PPI). These reports are anticipated to introduce considerable volatility into the market. Should favorable economic indicators emerge for the USD, the AUD/USD could potentially approach the next demand zone. At this time, we are not looking to initiate any positions but rather to monitor the price movement and await a possible reach toward that demand area.
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Correction It is expected that the continuation of the downward trend will be formed up to the specified support range. Then, according to the behavior of the price in this range, there will be a possibility of changing the trend
AUDUSD Bearish Momentum Towards 0.62700The AUDUSD is currently at 0.63200.
I'm looking for a 500 Bearish Run towards 0.62700.
(Direction for H4-Weekly Trades)
