AUDUSD OCT Week 2Hello guys - Peace be upon you
it is pretty clear sign. so i'm just wait for break out tonight on the CPI event.
USDAUD trade ideas
AUDUSD 4H longReason for enter this trade is
- Clean downtrend breaking support
- There is is a consollidation pattern
- There is a strong bullish candle closed above the support line again
AUDUSD InsightHello, subscribers!
Please feel free to share your personal opinions in the comments. Don’t forget to hit the boost and subscribe buttons.
In the September FOMC minutes, we confirmed that there were a few members who did not agree with the 50bp rate cut by the Fed. These members expressed concerns that a rapid rate cut could trigger the reemergence of inflation or send unnecessary recession signals to the market. Along with this, the recent surprise in U.S. employment figures has led to continued speculation about the possibility of a rate hold at the November FOMC meeting.
Meanwhile, in Australia, the central bank released its minutes, confirming that during the September 23-24 meeting, they agreed that given the considerable uncertainty surrounding the economic outlook, all scenarios—rate cuts, holds, and hikes—were still on the table.
In addition, the Reserve Bank of New Zealand cut its base rate by 50bp, from 5.25% to 4.75%.
- The U.S. September Consumer Price Index will be released on October 10.
- On October 11, the UK’s GDP, Germany’s September CPI, and the U.S. September Producer Price Index will be announced.
The AUD/USD is experiencing significant resistance around the 0.69400 level. It has now fallen to the 0.67000 level, and further declines toward 0.66000 are anticipated. The most likely scenario, based on the current chart, is a drop to 0.66000, followed by a rebound back to 0.69000.
However, if the market unexpectedly breaks through the 0.66000 level, I will quickly adjust the strategy accordingly.
Falling towards 78.6% Fibonacci support?AUD/USD is falling towards the support level which is an overlap support that aligns with the 78.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.6688
Why we like it:
There is an overlap support level that lines up with the 78.6% Fibonacci retracement.
Stop loss: 0.6621
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci projection.
Take profit: 0.6751
Why we like it:
There is an overlap resistance level.
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AUDUSD: Short Term SellEntry: 0.6727
Stop Loss: 0.6800 (73 pips above entry)
Take Profit: 0.6600 (127 pips below entry, offering a 1.7:1 reward-to-risk ratio)
Reasoning:
With global risk-off sentiment growing and commodity prices showing signs of weakness, AUD/USD could face further downside pressure. This setup capitalizes on potential bearish momentum, offering a strong risk-to-reward opportunity.
AUDUSD - Monthly timeframe analysisIn the monthly timeframe on AUDUSD we are currently still correcting within the range of the first impulse which commenced on March 2020 and finished in February 2021 (first light blue arrow - upside).
Initially (November 2022), standing the impulsive way the pair started moving to the upside, we thought the correction was over - at the (A) - and we were total upside from that moment onwards. In the following months it instead became clear that we were going for a much bigger and longer correction. Why is this relevant to us now?
Well, because we believe that we (just) started the "c" wave of that correction (pink arrow, downside), which should be a pretty fast and impulsive move with good short opportunities all along the way.
AUDUSD What Next? BUY!
My dear followers,
This is my opinion on the AUDUSD next move:
The asset is approaching an important pivot point 0.6720
Bias - Bullish
Safe Stop Loss - 0.6683
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6782
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
AUD/USD Still Trickling PRE Fed Speak (Key Long Zones)The Mid point of any trend is always ideal for reaction.
Key moving averages and key price points (price action) are arranged at such levels in this case. Longs preferred.
AUDUSD SellPrice failed to push higher I am looking to sell now towards 0.66800 it may happen sooner than later in terms of triggering the trade there is also a upcoming news event.
AUDUSD / SHORT / WEEK 07-13 Weekly timeframe:
Price:
Completed liquidity capture (Inducement)
Based on the biases from M1, we can assume that the price will tend to the LOW of the previous month.
PS:
Month:
AUDUSD / LONG / 09.10.24Monthly timeframe:
Price:
Price has completed a purchase test (ST - secondary test in phase A)
Price is delivered to the upper range of the range (UA - authomated rally) to remove AR liquidity (AR - authomated rally)
Internal liquidity can be:
Low of the previous month (PML)
Based on the above factors, we determine that the candle for October will be long.
Considering our long scenario, we assume that the first-second week of the month will be characterized by accumulation and manipulation within PO3.
AUDUSD short term ideaLook at that long wick, long bearish pin bar, but bear in mind tomorrow there is CPI. So I will definitely close any position with USD pair
AUDUSD - Follow the Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈AUDUSD has been overall bullish, trading inside the rising channel in green.
Moreover, it is approaching a massive demand zone in blue.
🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the demand zone and lower green trendline acting as a non-horizontal support.
📚 As per my trading style:
As #AUDUSD is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURUSD and AUDUSD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Market Analysis: AUD/USD Take Hit, Turn RedMarket Analysis: AUD/USD Take Hit, Turn Red
AUD/USD declined below the 0.6855 and 0.6830 support levels.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar started a fresh decline from well above the 0.6900 level against the US Dollar.
- There is a connecting bearish trend line forming with resistance at 0.6755 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD at FXOpen, the pair struggled to clear the 0.6950 zone. The Aussie Dollar started a fresh decline below the 0.6855 support against the US Dollar.
The pair even settled below 0.6800 and the 50-hour simple moving average. There was a clear move below 0.6750. A low was formed at 0.6715 and the pair is now consolidating losses. On the upside, an immediate resistance is near the 0.6755 level.
There is also a connecting bearish trend line with resistance at 0.6755. The 23.6% Fib retracement level of the downward move from the 0.6942 swing high to the 0.6715 low sits above the trend line.
The next major resistance is near the 0.6830 zone or the 50% Fib retracement level of the downward move from the 0.6942 swing high to the 0.6715 low, above which the price could rise toward 0.6855.
Any more gains might send the pair toward the 0.6900 handle. A close above the 0.6900 level could start another steady increase in the near term. The next major resistance on the AUD/USD chart could be 0.6945.
On the downside, initial support is near the 0.6715 zone. The next support sits at 0.6700. If there is a downside break below 0.6700, the pair could extend its decline. The next support could be 0.6650. Any more losses might send the pair toward the 0.6620 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.
AUD/USD - Bullish Outlook with OTE Entry and High Probability SeIn this analysis of AUD/USD, we observe price respecting a high-probability bullish order block on the daily chart. The current price action suggests a potential continuation to the upside, with the order block acting as a strong support zone. This level also represents an Optimal Trade Entry (OTE), aligning with the Fibonacci retracement golden zone (between the 61.8% and 78.6% levels), further confirming its validity as a strong buy area.
Additionally, upcoming high-impact USD news on Thursday, including CPI data and unemployment claims, could introduce volatility and influence price action. Traders should stay alert and consider managing risk accordingly.
The chart indicates that price is currently reacting positively to this confluence of technical factors, and I expect a bullish move targeting the next buy-side liquidity level. Should this level be breached, further upward momentum can be anticipated. Stops should be placed just below the order block for effective risk management.
Key Points:
- OTE Entry: Price is respecting a high-probability bullish order block, which aligns with the Fibonacci golden zone, offering an optimal trade entry.
- Upcoming high-impact USD news on Thursday, which may introduce volatility.
- Targeting buy-side liquidity as the next key level, maintaining a bullish bias.
Disclaimer: This is not financial advice. Always conduct your own research (DYOR) before making any investment decisions.
audusd buy setupDaily demand zone for a buy. Wait for buy confirmation once in zone. Bullish engulfing
Bearish drop?The Aussie (AUD/USD) is reacting off the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as an overlap support.
Pivot: 0.6750
1st Support: 0.6687
1st Resistance: 0.6809
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AUDUSD LongLooking to go long on AU I am targeting price 0.67750 as my so far its been aggressively moving down I am expecting price to start consolidating on the 4H time frame, price range from 0.67250-0.67750 but price is bearish so looking for setups to go short on the 4h time frame and targeting 0.66800 that's the price where I would look for signs and setups to start going long again.
AUDUSD Possible Asia Bearish MomemtumAccumuluation is seen for a complete day just before 0.67, now just before asia bounced from just shy of 0.675, Asia could sweep above and move bearish to create a low below 0.67. If not consolidation could be seen for the rest of the week www.tradingview.com
NEW IDEA FOR AUDUSD AUD/USD has broken the support interval of the bottom of the ascending channel in the range of 0.6820-0.6782, and now after the pullback, it can decrease in price as long as the channel to the range of $0.6622.
AUDUSD - LongAUDUSD has been stuck in a giant range of 0.6300 - low and 0.6900-high. Following the strong bounce back from the 0.6350 price surge. Currently trading below its 0.6800 price level with MACD in bullish territory and fresh bullish crossover above 0. A further continuation higher is anticipated with the next probable target 0.6850. A continuation above the level set the high of the range 0.6900 at the spotlight.
