Hello traders, on account of US Dollar demand across the board due to news about the escalating Iran-Israel conflict, AUD/USD fell quite rapidly during the Asian Trading session on Friday. However, the price has made a quick recovery since then. AUD, considered a risk asset mostly falls during times of geopolitical tensions and economic crises. . However, I...
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
The US dollar is on track to gain for a second straight week today, underpinned by a strong US economy that has changed expectations for an interest rate cut by the Federal Reserve. The greenback's 0.17% gain for the week was tempered after Thursday's warning message from financial leaders in the US, Japan and South Korea regarding the weakness of the Japanese yen...
Hello traders! ‼️ This is my perspective on AUDUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from FIBO 0.618 level. Fundamental news: This week on Friday will be released Unemployment Rate on AUD,...
The Australian dollar continued its strong sell-off even as the prices of industrial metals continued bouncing back. The AUD/USD pair crashed to a multi-month low of 0.6450 on Monday, much lower than this month’s high of 0.6645. Bearish view: - Sell the AUD/USD pair and set a take-profit at 0.6425 - Add a stop-loss at 0.6525 Bullish view: - Set a buy-stop...
We expect further downside on this pair, signalled by the formation of a triple-top pattern. We can also see the breakout of a counter-trendline supports our directional basis
AUDUSD is currently at a very powerful support level.. the next target is the resistance level all the way at the top. There is also a strong level of support with the trend line below. This is a very good buy opportunity - huge profit potential.
Hello traders, we want to check the AUDUSD chart. The price has reached the specified support level after a downward movement. We expect this level to stop the downward trend of the price and the price will increase to around 0.65000. Good luck.
AUD/USD is moving sideways. Once a strong support is confirmed, then we will have a price retracement to 0.6644
H4 - Bearish trend pattern followed by a pullback. Bearish convergence. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
AUDUSD is currently testing the structure resistance level by completing the AB=CD pattern. Volatility decreased, approaching the resistance level. After reaching the dynamic resistance, the chart formed a bearish takeover. The market reached the strong resistance level on the D chart. We expect a sell-off from the resistance. ------------------- Share your...
Australian consumer inflation expectations increased in April Australian consumer inflation expectations for April: 4.6% Previous: 4.3% The RBA will not want to see inflation expectations become out of control.
Hello Traders, here is the full analysis. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or...
**Monthly Chart** March 2024 monthly candle closed as a reversal doji candle after breaking the high of the previous candle, then closed near the low of the March candle. This indicates that AUDUSD has a strong probability to start moving higher. **Weekly Chart** Last week's candle closed as an engulfing candle after taking the high of the previous week's...
AUDUSD has been sharply bought back again after reaching lower support. Price has returned to the ascending channel and the dynamic resistance has been broken and now acts as support. The downward structure has not been broken yet. We expect a pullback after reaching the nearest resistance level. ------------------- Share your opinion in the comments and...
The greenback fell from a almost five-month excessive after Powell`s remarks The greenback index and greenback index futures fell barely in Asian trading, extending in a single day losses after Federal Reserve Chairman Jerome Powell gave blended indicators on a reduce. lessen US hobby fees. While Powell stated the Fed might subsequently reduce hobby fees later...
Please be informed that we should wait for the price to rise to our level and then wait for a clear reversal on the daily timeframe. Currently, we are observing strong bearish signals on the DXY, and due to the overbought condition on the DXY, the price is likely to decline further and undergo a significant correction. It is crucial to monitor the DXY rebound,...
AUD USD has formed a Falling Wedge Reversal Pattern on the 1hr timeframe and the market has broken the Lower High market structure, we need to see a pullback - Retest before taking entry Buy - Long. ⏰