The AUDUSD pair has reached a support level, with a divergence appearing on momentum indicators. This could lead to a corrective movement, with a retest of the channel it escaped from, the 100 and 200 moving averages for the 4-hour timeframe, and the Fibonacci level of 38.20% around 0.66630. The price is then expected to drop towards 0.6550. Please share your...
Hey Traders, in tomorrow's trading session we are monitoring AUDUSD for a selling opportunity around 0.665 zone, AUDUSD have formed a bear flag pattern and in the chart above the breakout of the flag is already done, so for now on we will be watching a potential retrace of the breakout from 0.66500 support and resistance zone. Trade safe, Joe.
Hey Traders, The AUDUSD is making some bearish build-up as it move closer to the demand zone. Watch out, for a break above the trendline or Below the demand area.
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.666 zone, AUDUSD was trading in an uptrend and successfully managed to break it out, currently AUDUSD seems to be in a correction phase in which it is approaching the major trend at 0.666 support and resistance zone. Fundamentally the market is pricing another rate...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.665 zone, AUDUSD was trading in an uptrend and seems to be attempting to break it out after a bunch of fed hawkish comments about the coming monetary policy on early May and another potential rate hike. Technically if we get dips below 0.665 we will monitoring a...
AUDUSD - 24h expiry - Previous support level of 0.6619 broken. We are trading at oversold extremes. A higher correction is expected. Previous support located at 0.6564. The hourly chart technicals suggests further downside before the uptrend returns. Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample...
SLO @ 0.6700 ⏳ SSO @ 0.6575 ⏳ TP1 @ 0.6460 (shaving 25%) TP2 @ 0.6350 (closing all sell positions) BLO @ 0.6325 ⏳ ADDITIONAL INFO: 00:00 Shout Out to @kristonperry 00:42 Supply Zone / Sell Limit Order 01:00 Support / Sell Stop Order 01:20 Position Sizing @ ~2-3% 01:50 Shaving 25% @ each TP 02:54 Demand Zone 2, preferred 04:40 Boost, Follow, Comment, Join
AUDUSD has been trading below its 100-day and 200-day moving averages, indicating bearish pressure. However, it has recently broken out of bearish flag pattern. But its currently facing a strong support level as seen on the daily chart: Upon analyzing the 4-hour chart, we can predict a potential rebound from the current support level to retest the previous...
On the long-term, the AUDUSD pair is moving sideways, meaning there is no trend to follow. However, on the short-term (hourly and 4-hour frames), traders can benefit from these sideways movements by identifying local trends and support and resistance levels. Looking at the hourly frame, we can see that the price is trading below the 100 and 200 daily moving...
The Pound and Euro could reach fresh multi-month highs against the U.S. Dollar this spring, although a lull in price action over the northern hemisphere's summer months would then be expected. This is according to the analysis of W. Brad Bechtel, Global Head of FX at Jefferies LLC, which also warns of the potential for a more notable turn lower in the Dollar by...
Hey Traders, AUDUSD was trading on an uptrend but after a bunch of hawkish fed comments USD seems to gain back it strength. including fed Waller, Williams, and Bowns. Technically we will be watching a potential retrace of the trend from 0.67100 Support and resistance zone. Trade safe, Joe.
The AUDUSD pair is forming a Head and Shoulders (H&S) pattern on the 1D time-frame, having also completed a Death Cross (1D MA50 crossing below the 1D MA200) three days ago. This is a technically bearish pattern. We will stay bullish however, targeting 0.71500 until Support 1 (0.65665) breaks. In that case we will target...
AUDUSD is on neutral 1D technicals (RSI = 51.267, MACD = -0.001, ADX = 34.243) as it has been basically trading sideways for the past 30 days. The pattern looks a lot like the November/December 2022 Channel Up, which broke out to the R1. As long as the S1 holds, we will be buyers (TP = 0.71250). If the S1 breaks, we will take the loss and sell, targeting the S2...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.68100 zone, AUDUSD was trading in upwards but seems like there was a quick change of trend after some hawkish comments from Fed Waller about the US monetary policy which have triggered USD strength. Currently AUDUSD is approaching an important Supply zone of 0.68,...
Fundamental Backdrop 1. Last week, the Employment Change was better than expected which shows that consumer spending have improved. 2. The Unemployment Rate maintained at 3.5% which shows the economic health is stabilizing. 3. These news events caused the AUD to rise towards 0.68 key resistance level before dropping back down to 0.67 by the end of the week due...
Hey Traders, in the coming week we are monitoring AUDUSD for buying opportunity around 0.66300 zone, AUDUSD is trading in an uptrend and now seems to be in a correction phase in which it is approaching the major trend around 0.66300 Support and resistance zone. Once bulls are confirmed i would consider the ascending channel resistance as a target. Trade safe, Joe.
The AUD/USD pair has been experiencing a bearish sentiment lately due to a strengthening of the US dollar, which is causing the pair to move lower. This is partly due to rising inflation concerns in the US, which is increasing expectations of a faster pace of interest rate hikes by the Federal Reserve. Additionally, the ongoing trade tensions between the US and...
The AUDUSD continues the upward move, firstly because of the weakness of the DXY overnight as the CPI data signaled a slowdown in overall inflation growth for the US. In addition, stronger than expected employment data for the Australian economy added on to the upward momentum. If the price closes above the resistance level of 0.6725, further upside potential...