The AUD/USD declined on Thursday and fell below 0.6500. However, despite this correction, the short-term outlook still favors the upside as the Greenback remains under pressure due to weaker US labor market data and declining US Treasury yields.
Data from Australia showed that employment rose by 55,000 in October, surpassing the consensus estimate of 20,000 and...
AUDUSD
Channel: RED
WK Pivot: RED
AOB: WS1
CON: SBB
SELL Stop: 0.6366
Stop Loss: 0.6417
TP01: 0.6315
TP02: 0.6213
DWR presents as a sell setup on 11SEP, with Channel and Pivot are red bouncing off Weekly support 1.
However, trade is not taken/considered as it differs from our Market Analysis Bias.
SPX500: Up
DXY: Down
OIL: Up
GOLD: ...
AUDUSD - 24h expiry
We are trading at overbought extremes.
Indecisive price action has resulted in sideways congestion on the intraday chart.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Previous resistance located at 0.6793.
The hourly chart technicals suggests further upside...
Hello Traders, we are Currently going to focus on AUDUSD Sells, Looking at this analysis of mine 100% tells us a lot on price action and also on price movements so let’s patiently wait on price retracement to tap in our my entry zone. Drop a Comment on what you think concerning AU thanks
Dear Traders, Hope you all are doing great, we have AUDUSD today, found an area where price is most likely to be rejected, DXY expected to drop a bit in order for price to do small pullback. We have also highlighted the area of entry, and when to close with stop loss.
GOOD LUCK AND TRADE SAFE!!
Hey traders, here is the analysis for the AUDUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
There is many reasons to sell AUDUSD immediately such as
1. the pair is moving under the long term downtrend.
2. AUDUSD has broken the short term trend line also and retested it.
So I think it will targets 0.6680 at least.
And here is one more
wavers way to look at current AUDUSD
( maybe some strict elliotwavers should have some questions )
I suppose, that many "advanced pattern wavers"
will try to short "Gartley level .786"
so why not try to catch with them C wave from the top ?
I'll personally try with very tight stop loss ( around 0.7606 )
it is a risky trade but we are...
Hi everyone!
I would really appreciate any comments or thoughts on this analysis, what are you missing here, if there is anything unclear. Your time is greatly appreciated! Thank you.
Bullish movement has stopped at the cluster of Resistance zone - Pivot Points and 382 Fibonacchi retracement. This might be a place where profit is taken or bears will be selling...
