The AUDUSD traded with significantly choppy price action toward the end of last week. The price generally fluctuated along the 0.6750 price level before trading slightly higher, toward the resistance level of 0.6780, due to the weakness of the DXY. Although the AUDUSD has been trapped within the price range of 0.67 and 0.6780 in the short term, the current DXY...
Hey Traders, here is my simple Buy setup on AUDUSD. The pair just successfully completed the inverted Head and Shoulder on the Daily TF, and now that signal a bullish run. On 4H the price retested the demand zone second time which could be argue to be a level that buyer might start throwing some buy orders in, but that is not enough. The market just made a...
Hey Traders, as the stock market shows a strong bullish momentum i would like to consider some potential upsides on AUDUSD as a proxy to the positive correlation between the two. Technically we notice a breakout of the downtrend in 2h time frame so i will consider a potential retrace. keep an eye on DXY to confirm the position. for any question don't hesitate on...
We're seeing price approaching a strong overlap resistance at 0.6781 which also lines up with the 38.2% Fibonacci retracement. Price could potentially reverse from here pushing it all the way down to the recent swing low at 0.6698. However, if prices were to break this resistance level, the next big resistance for us to keep an eye on is 0.6810 which is the 50%...
The AUDUSD is currently trading along the 0.6740 price level with no clear directional bias. While the AUDUSD traded lower overnight, the price rebounded from the 0.67 price level and support area. As the price sits between the support and resistance level, and with the RBA interest rate decision due on Tuesday next week, it is likely that the AUDUSD could...
Hi All, For this week Trading we are looking at going long on AUDUSD using the D1 and H4 Timeframe, we can see double bottom on D1, and HL formation to retest the previous HH. DXY we anticipate a bearish movement this week. Link below Entry, Sl and TP marked. Follow, Like and comment.
Hey Traders! The market is showing a strong bearish trend on the higher time frames, with price action surpassing the weekly MA 20. The daily charts are also indicating a downward trend, with price trending below all moving averages and headed towards breaking below MA 100. This indicates a strong possibility of a further drop, particularly given the positive...
Fundamental Backdrop 1. AUD CPI decreased from previous 8.4% to 7.4%, this shows that inflation is decreasing which could lead the Reserve Bank of Australia to reduce interest rates, weakening the AUD. 2. AUD's GDP q/q decreased from 0.7% to 0.5% which shows that the economic activity and economy health are decreasing. Technical Confluences 1. The overall bias...
Hey traders, market is pricing a lot of hawkishness from fed due to the recent data.. but the market choose to rebalance and dollar remains indecisive prior to CPI data.. so from now on since the rate hikes are priced in i think we may get good opportunities selling the dollar against commodities... also a weak dollar could give us good opportunities to be bullish...
Hi AUDUSD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed...
Fundamental Backdrop 1. USD more hawkish than AUD, with a potentially higher terminal rate. 2. US economy continues to be very resilient, taking the USD by strength. Technical Confluences 1. The overall bias for AUDUSD on the H4 chart is bearish. 2. Price is on a bearish trend, forming lower lows and lower highs. 3. Price could potentially retrace to the H4...
Overnight, the AUDUSD fluctuated between the 0.67 and 0.6760 price range as the DXY retraced lower but recovered in strength toward the end of the trading session. Early this morning, the AUD CPI was released at 7.4% (Forecast: 8.1% Previous: 8.4%) which was significantly lower than expected. This signals that the ongoing interest rate hikes from the RBA are...
As described in our last idea, AUD/USD, after the breakout of the dynamic trendline and the SELL signal appearing in our chart, is falling with a new direction of 0.65500 as the target. More downside in the Aussie asset looks favored as investors are channeling their funds into the US Dollar Index (DXY).
Looking at the H4 chart, my overall bias for AUDUSD is bearish as the current price is below the Ichimoku Cloud. Looking for a pullback sell entry at 0.68324 where the recent overlap resistance is. We are looking to take profit at 0.66505 where the overlap support and 50% Fibonacci line are, Stop loss will be placed at 0.69233 where the recent overlap swing high...
Hey Traders, in tomorrow's trading session we are monitoring AUDUSD for a selling opportunity around 0.674 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
AUDUSD has been hit pretty strong by the news that popped up an hour ago, USD getting more and more strengh as it showed more inflation than expected. Here we have a nice Head & Shoulder in the making, and price is grinding the neck line as I'm writing, I'm already in position, as I've entered a little bit before the news, my trade is at break even now so, it's a...
A breakout dynamic trendline and new short signal appear on the AUD/USD chart. The price may fall to the support levels. We are looking for a new short setup in this scenario.
Hi guys!" AUDUSD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I...