Hello Traders! This is my idea related to AUDUSD M30. I expect a bearish move after the retracement from the Resistance level, the exact level where we have also fibo 50%. My target is below the BOSS. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
AUD USD has broken a bearish market structure, we need to wait for a retest to get an entry.
The dollar has trended higher for the second consecutive week, supported by a strong domestic economy and the central bank's cautious stance on interest rate cuts. The dollar index, which measures the currency against a basket of six major rivals, rose 0.9% this week to 103.4. The dollar has appreciated about 5% against the yen this year, and the exchange rate...
We expect further downside on this pair, signalled by the ascending triangle pattern breakout and counter-trendline breakout. We can also see the breakout of a key level which further supports our directional basis.
H4 - Strong bearish momentum. Lower lows. Until the strong resistance zone holds I would be looking to sell pullbacks in the short term.
Most Asian currencies fell on Tuesday, while the dollar rose as traders largely remained risk-averse ahead of further signals on when the Federal Reserve may begin cutting interest rates. The dollar index and dollar index futures rose 0.5% and 0.3%, respectively, during the Asian session on Tuesday. The dollar index is also trading at a small premium to futures,...
The Australian dollar was among the few exceptions on the day, rising 0.3% as data showed CPI inflation eased in November, but remained well above the Reserve Bank's 3% target of 2%. annual. Core inflation also remains high amid high food and service prices. The dollar index and dollar index futures were mildly mixed during the Asian session on Wednesday, after...
Analysis for AUDUSD: Bearish Outlook 1. U.S. Inflation Trends: - Recent Data: The U.S. Consumer Price Index (CPI) showed an increase of 3.4% year-over-year in December, the highest in three months. This rise was more than expected, indicating a continued inflationary pressure. - Core Inflation: Core inflation, which excludes volatile items like food and...
H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
Hello, According to my analysis of AUD/USD, the market has reached a very important stage. It has reached the strong resistance level at 0.69000. The price has bounced off it several times. We note that the pair reached the top of the ascending channel and was unable to penetrate it upwards. This puts pressure from the bears to fall further. Good luck everyone.
AUD USD is moving in an ascending channel, The price has reached the Higher High Level of the channel for the 3rd time, which is also a strong resistance level Upon reaching the HH level the market has formed a Doji candlestick pattern with a close below which is a good confirmation for a sell. What do you think ?
Hello traders, we want to check the AUDUSD chart. The price is moving in an ascending channel and has reached the indicated key level. We expect this level to act as a resistance level and the price will fall to around 0.66200. If the price cannot break this support level, we expect it to maintain its upward trend and the price will test the specified resistance...
UBS comments ahead of the December 12th and 13th FOMC meeting: The Summary Economic Outlook (SEP), released at the same time as the December policy statement, says there will likely be at least one, and more likely two, rate cuts in 2024. . While the market is happy with the FOMC's rate cuts, UBS expects the committee to be a little more cautious. The...
AUDUSD shows bearish divergence with double top and trying hard to break the resistance. High probability of downward motion. Will it continue downward motion?
We expect further downside on this pair, signalled by the head and shoulders pattern breakout. We can also see the breakout of a key level which further supports our directional basis.
AUD-USD was trading in an Uptrend in a rising channel But now we are seeing a A strong swing breakout So I am bearish bised now And I will be expecting A further move down Sell!
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
We are starting to see increased selling pressure at the level of 0.6565. The most recent high did not provide enough liquidity for the price to push higher again. Therefore, a sell-off is possible to target the level of 0.6435. Subscribe to review updates and relevant analyses. Like and share! Thank you.