I am expecting some bullish pressure from the USD this week. -Therefore AUDUSD should make a bearish move -I am looking for a final bullish push that will ultimately respect the above level of resistance -Once price meet resistance, I am expecting a bearish move that will test the previous level of support which will test the previous high. - I think price will...
Aud/usd buy limit senario Entry: 0.65985 TP:0.68 SL: 0.65600 Risk/reward:6.01
audusd sell opportunity based on supply n demand plus styructure rules great risk reward trade
AUD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE Ongoing issues with China’s economy remain a question mark for the AUD. As long as China’s potential for recovery remains uncertain, the path for the AUD remains the same. The RBA took another 25bsp hike at their previous meeting, sparking some speculation that the bank could be finalizing their hiking cycle sooner...
2 options for entry ,waiting for CHoCH on 5-15m tf and open long or short, follow the risk management and don't forget to put stop loss
AUD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE Ongoing issues with China’s economy remain a question mark for the AUD. As long as China’s potential for recovery remains uncertain, the path for the AUD remains the same. The RBA took another 25bsp hike at their previous meeting, sparking some speculation that the bank could be finalizing their hiking cycle sooner...
AUDUSD - Intraday - We look to Sell at 0.6400 (stop at 0.6450) We are trading at oversold extremes. A Doji-style candle has been posted from the base. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. The 200-period moving average should provide resistance at 0.6410. We, therefore, prefer...
Price retesting a key area I believe that the dollar will be bullish today which leads me to believe AUD USD will move to the downside
AUDUSD is increasingly bearish of late. The fundamentals for AUD aren't great with its largest trading partner (China) sticking to its zero COVID policy. We are now likely to enter a global recession and this will affect the value of the commodities that Australia exports. The other backdrop to this bearish AUD theme is the fact that the Bank of Australia...
On the H4 chart, as the price is breaking the ascending trendline and below ichimoku cloud, we have a bearish bias that the price may drop form the sell entry at 0.63351, which is in line with the 50% fibonacci resistance and overlap support to the take profit at 0.61699, where the swing low is. Alternatively, the price may rise to the 1st resistance at 0.64329,...
AUDUSD - 13h expiry - We look to Buy at 0.6400 (stop at 0.6355) Previous support located at 0.6368. Buying pressure from 0.6377 resulted in prices rejecting the dip. Further upside is expected although we prefer to buy into dips close to the 0.6400 level. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit...
AUDUSD reversed from the 0.6520 high last week to sit just above the 0.64 support level, ending the 250pip swing last week. The RBA interest rate decision is due on Tuesday and the expectation is for a rate hike of 25bps taking interest rates from 2.60% to 2.85%. In the previous meeting, the RBA conveyed that it was looking to tune back on the scale of future...
AUD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE Ongoing issues with China’s economy remain a question mark for the AUD. As long as China’s potential for recovery remains uncertain, the path for the AUD remains the same. The RBA surprised this past week with a 25bsp hike, sparking some speculation that the bank could be finalizing their hiking cycle sooner than...
On the H4, with the price below the descending channel and ichimoku cloud, we have a bearish bias that the price may drop from the sell entry at 0.63317, which is in line with the overlap resistance to the take profit at 0.62026, where the previous swing low and 61.8% fibonacci projection are. Alternatively, the price may rise to the stop loss at 0.64123, which is...
Two options for entry , follow the risk management and don't forget to put stop loss
AUD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE Ongoing issues with China’s economy remain a question mark for the AUD. As long as China’s potential for recovery remains uncertain, the path for the AUD remains the same. The RBA surprised this past week with a 25bsp hike, sparking some speculation that the bank could be finalizing their hiking cycle sooner than...
On the H4, the price is reversing from the swing low support, with the price is below the descending channel and ichimoku cloud, we can expect the price test the buy entry at 0.63411, which is in line with the 23.6% fibonacci retracement and 50% fibonacci retracement. If the buy entry is broken, as the descending channel and ichimoku cloud are both broken, we can...
#AUDUSD - Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Due to RISK ON for AUDUSD, there is currently an UPSIDE BIAS for it. The main reason for that is because MARKET RISK is ON, STOCKS and COMMODITIES MARKETS are now slightly UP. It is heavily influenced by the Australian dollar. - It is definitely possible...