Buy AUDUSDmy current analysis suggest we lean on a buy. This is by no way Financial advice. NB; Forex is risky and you can lose all your funds. Exercise your discretion and proper risk managementLongby lmddube14
AUD/USD:Traders Eye Australian Retail Sales and CPI DataThe AUD/USD pair saw upward movement on Monday, benefiting from the subdued activity in the US markets due to the Memorial Day holiday, which left the Greenback weaker. This rise extends Friday’s recovery into a second consecutive day, providing some momentum for the Aussie dollar. Economic Indicators to Watch Australian Retail Sales and CPI Data: Tuesday: Traders are eyeing the Australian Retail Sales data for April, expected to show a modest recovery with a 0.2% increase following a 0.4% decline in the previous month. Wednesday: The focus will shift to Australia's Monthly Consumer Price Index (CPI) for April, anticipated to grow at 3.4% year-over-year, slightly down from March's annualized 3.5%. US PCE Inflation Data: Later in the week, the US Personal Consumption Expenditure (PCE) inflation data will be closely watched, as it could provide further direction for the USD and consequently impact the AUD/USD pair. Technical Analysis From a technical standpoint, AUD/USD is approaching a critical resistance area: The price is nearing the 61.8% retracement level from the recent daily swing high. Additionally, it is within the 61.8% to 78.6% Fibonacci retracement zone from a more localized swing. This convergence area is a potential point of resistance, where sellers might step in, looking for a bearish retracement. The market inefficiency noted earlier still remains unclosed, suggesting a potential downward correction. Trading Outlook Given the current economic outlook and technical indicators, we anticipate a bearish retracement in the AUD/USD pair: Bearish Setup: The 61.8% to 78.6% Fibonacci retracement zone could serve as an ideal entry point for sellers. Target: The objective would be to capitalize on the market's inefficiencies and the expected retracement back towards lower levels. In summary, while the AUD/USD pair has found some upward momentum, economic data releases and technical resistance levels suggest that a bearish retracement may be on the horizon. Traders should watch for key data points and technical signals to confirm this potential move.Shortby FOREXN1114
AUD USD PRICE - DOWN FALL TILL MARKED PRICE LINE AUD USD PRICE has to balance the liquidity at support zone make a small short entry, follow for more...Shortby FOREX_TRADER_007Updated 4
AUDUSD TRADE IDEAOn this pair, we are anticipating for a BUY CONTINUATION, first we all that the trend is still BULLISH, as there is no yet SIGN for the BEARISH SHIFT on the AUDUSD, so coming down to the 30minutes timeframe, we have SWEEP in LIQUIDITY+ BOS and a DEMAND Area was created, though without INEFFICIENCY, but we have the FIB confluence. You can add to your watch-list.Longby LOVEGODFX23
AUDUSD ABCD Idea H1Here is my ABCD idea for AUDUSD on H1. OB range are on 61.8% and TP target at -27.Longby Aznan_Alsidik2
AUDUSD BULLISH SENTIMENT My bullish sentiment on AUDUSD are backed by the following confluences- 1) Market structure (ChoCh), 2) IMB-Demand, 3) Imbalance, 4) Liquidity(take profit liquidity). So my markups are done on the 1daily timeframe which is higher timeframe (HTF) used. So price has successfully broken structure higher showing a Reversal to a bullish trend, and price has retraced back down to first fill up the imbalances, where this retracement of price back to my point of interest happens to be my Liquidity and after that price reached my main point of interest which is the Demand below to mitigate it.Now price has given me my basic entry structure on the lower timeframe of 1hr which is a-lower low,lower high, lower low and then a higher high. Then my entry has been placed on a demand formed on the lower timeframe of 1hr. Where I’ll be targeting a minimum of 1:2.5 as profit target. Note: the financial market is all about probabilities, which also makes my analysis a probability.Longby MeekBosslife3
AUDUSD - 4H Sell opportunityKeep your eye on this trendline. AUDUSD has experienced a three-leg rise, forming an ascending trendline. A break of this trendline could be a good sign for sellers to achieve significant gains, potentially pushing the price down to the last pivot support zone. Watch for confirmation of this break to identify potential entry points for short positions.by Sober_Trading4
Impulsive Wave Rally: AUD/USD Targets 0.70750.Hello traders, Here is my analyis of AUDUSD pair. After AUD/USD completed an upward impulsive wave labeled as wave (1) in the chart, the pair is expected to form a minor correction in wave (2) before continuing the impulsive upward wave (3), consisting of five subwaves. Based on our analysis, waves (1) and (2) have already formed, and it appears we are currently in wave (3). We expect a rally from this zone following the shallow wave (2) correction. The channel break indicates potential reversal areas, suggesting the start of a continued upward phase towards the 0.70750 level as a potential target in the bullish direction. However, a lower low below 0.63623 would invalidate the bullish scenario. Alternative Scenario: The alternative scenario is a further drop in wave (2) towards the 0.64977 price region marked by blue box before the rally to the upside.Longby Samuel1244
TOP DOWN Analysis on AUDUSDThis Reversal Strategy was constructed to speculate on possible reversals. You make a Top Down Analysis in the Daily Chart, find the Daily Floor and Ceiling and stay within the consolidation. The Entry is a lower high for sells and higher lows for buys, when you see a reversal within the daily frame. This idea is based on the strategy but in a smaller time frame for scalping. I still use H4 zones for bigger moves. The StopLoss on Forex is always around 10 and 20 pip. (20 pip for more volatile days) The StopLoss on indices is between 150 and 200 pip in a low volume (small wig) environment and between 300 and 500 pip on high volatile days. StopLoss on XAUUSD is between 50 pip in low volume and about 200-300 pip throughout high volatility. Using this strategy when course arrives at Daily/ Hourly Key Levels (DKL/ HKL) is a little more tricky than entering at the floor or taking beginnings of retracements, get a feel for reversals so you ll know what I m talking about. Also make sure not to confuse a retracement with a simple pullback.Longby UnderlayerUpdated 2
AUDUSD - Short - 23/05/2024AUDUSD has been trending in a Bearish Trend. No divergence has been observed on the RSI. Trade Plan: Short Entry: 0.66080 SL: 0.66553 TP1: 0.65607 TP2: 0.65134Shortby WaqasWasi2
AUDUSD SELLSHey guy here's what i am looking at on AU, with the dollar strength i am bearish on the AU long term, with my first TP at 0.65500. if this helps kindly leave your support thank you.Shortby ib_danUpdated 6
AUDUSD Bearish Sentiments With Hopeful SignsAUDUSD Analysis & Key Levels for Next week 📊 🔹 Resistance Level's 1. Resistance 1 ( 067440-067270)🔴 Sell Zone 🔴. 2. Resistance 2 (0.67270-066980) 🔴. Strong resistance 🔴 🔹 Support levels: 1. Support 1 ( 0.06380-) : ,Buy Zone 2. 2. Support 2( 0.66210) :📈 Critical support 📈 3 support 3 (0.66040) ⚠️. Deep Support ⚠️ 👉 Trading strategies: *Pullback trading"✔️Buyon dips buy O Rallies ✔️ *Breakout Trading*🚀 Ride the momentum 🚀 🔰Risk management tips: Set Stop loss irfery🔴 Manage Postion sizes based on volatility. 📊Trade Safety & Happy traShortby MrCharlie1Updated 38
AUD USD NEXT MOVE !AS SHOWN Watch the support, excepted chubby movement then upward momentum check levels in the Chart aboveLongby solimanz821
Keep it simple✓.Price broke out of uptrend, will retest recent structure.Shortby Justaneconomystudent2
check the trend It is expected that the price will change the trend in the range of the support trend line and we will see the beginning of the upward trend. If the price crosses the support trend line, it will be possible to continue the corrective trend up to the support rangeby STPFOREX2
AUDUSD long 1:8 RRHello I hope you've made money on the trades posted this week. I am looking at this trade for today into next week. * Running flat (three corrective structure) formed * ORDER BLOCK has been taken out * MACD divergence * Gap at 0.68176 Longby PIPPINTRADERUpdated 9
AUDUSDA potential bullish rally to complete the third touch of the ascending channel and take out the high of the structure.Longby ThePinnacleTrader2
SellA sell trade looks probable. Price is retesting the downtrend support line. This is a confirmation signal for those who want to enter the market now. However, please trade with caution. Shortby dquayartey2
AUDUSD - Sell StopAUDUSD - Sell Stop - Bearish Trend - No Divergence - Bearish Flag Shortby rehmanrafique2
AUDUSD TRADE SETUPWait for retest the key level then take a trade for Sell otherwise skip this setupLongby JinnatAlamSumon2
AUDUSD SHORTPrice is currently sitting on a 2H orderblock that could provide the platform for bears to jump in. Watch lower time frame like 5 mins to further boost your entry confirmation. This is just my view and not the final outcome of the market.Shortby cyrille2542
AUDUSD BULLISH SENTIMENT My bullish sentiment on AUDUSD are backed by the following confluences- 1) Market structure (ChoCh), 2) IMB-Demand, 3) Imbalance, 4) Liquidity(take profit liquidity). So my markups are done on the 1daily timeframe which is higher timeframe (HTF) used. So price has successfully broken structure higher showing a Reversal to a bullish trend, and price has retraced back down to first fill up the imbalances, where this retracement of price back to my point of interest happens to be my Liquidity and after that price reached my main point of interest which is the Demand below to mitigate it.Now price has given me my basic entry structure on the lower timeframe of 1hr which is a-lower low,lower high, lower low and then a higher high. Then my entry has been placed on a demand formed on the lower timeframe of 1hr. Where I’ll be targeting a minimum of 1:2.5 as profit target. Note: the financial market is all about probabilities, which also makes my analysis a probability.Longby MeekBosslife2
AUDUSD BUYS @ 0.66260Buying AUDUSD at demand, slightly late entry, should have entered last night. Looking for price to make it to the supply above. Longby BarbushCapital2