Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66450 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.66450 support and resistance area. Trade safe, Joe.
AUDUSD - 24h expiry Price action looks to be forming a bottom. The sequence for trading is higher highs and lows. The 50% Fibonacci retracement is located at 0.6600 from 0.6560 to 0.6645. Setbacks should be limited to yesterday's low. Dip buying offers good risk/reward. We look to Buy at 0.6600 (stop at 0.6575) Our profit targets will be 0.6665 and 0.6680...
AUDUSD / 1D Greetings, traders! Welcome back to another market analysis. The AUDUSD pair has been following a bearish trend, with the price indicating signs of breaking out from a channel. This breakout suggests the possibility of further upward movement. I intend to consider entering positions at lower prices following confirmation of the lower time frame during...
In our last analysis, we had anticipated the AUD/USD would drop but after the ISM PMI result, the market turned the table and told us that the price has more corrections to do. in this case, we expect an ABCDE diagonal triangle pattern to be completed by price. Our technical view has been shown in the chart. If you like it then Support us by Like, Following,...
AUDUSD / 1D Greetings, traders! Welcome back to another market analysis. The AUDUSD pair has been following a bearish trend, with the price indicating signs of breaking out from a channel. This breakout suggests the possibility of further down movement. I intend to consider entering positions at lower higher prices following confirmation of the lower time frame...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65300 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65300 support and resistance area. We would also like to consider the current bearish bias on stocks that AUDUSD is having a positive...
AUDUSD is marginally bearish on its 1D technical outlook (RSI = 40.176, MACD = -0.001, ADX = 34.265) as it entered a Channel Down similar to those of August - October 2023 and April - May 2023. That is why we are expecting a bullish reveral the closer we get to the 1.236 Fibonacci extension. As long as the 1D RSI doesn't break into the oversold zone (<30.000), we...
Hey Traders, Check out this technical analysis on AUDUSD; it appears to be undergoing a small pullback, potentially indicating a bullish momentum continuation. However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry. Alternatively, there may be an opportunity for a sell trade if the market breaches the...
AUDUSD - Intraday The primary trend remains bearish. The sequence for trading is lower lows and highs. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Rallies should be capped by yesterday's high. Bespoke resistance is located at 0.6520. We look to Sell at 0.6527 (stop at 0.6547) Our profit targets will be...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65300 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65300 support and resistance area. Trade safe, Joe.
Here is my outlook on AUDUSD. Price recently got rejected at a Monthly Bisi which is also a Weekly Orderblock, and started to shape some up movement. My bias for this to continue is that buyside trendline liquidity residing above, coupled with the significance of a higher timeframe Discount Array. On the lower timeframes there is more buyside liquidity engineered...
Hello Traders AUD/USD moving down in 5 Elliot wave impulse waves. After the first 5 wave impulse, AUD/USD made an ABC correction. Afterward, we faced a big drop in AUD/USD indicating that the price desires lower levels and has started another 5-wave impulse. So we believe every correction is a sell opportunity for this pair. Our technical view has been shown...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDUSD has been overall bullish , trading within the rising wedge pattern in red. Currently, AUDUSD is approaching the lower bound of the wedge. Moreover, it is retesting a strong demand in green. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups...
AUDUSD - 24h expiry The primary trend remains bearish. The rally has posted a correction count on the daily chart. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Risk/Reward would be poor to call a sell from current levels. Bespoke resistance is located at 0.6560. We look to Sell at 0.6560 (stop at...
Hey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.65250 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65250 support and resistance area. Trade safe, Joe.
We updating last chart of AUD USD, and adding one more position. I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3. Trade carefully This is not financial advice, DYOR.
Hey Traders, in today's trading session we are monitoring AUDUSD For a selling opportunity around 0.65900 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65900 support and resistance area. We would also consider the current bearish momentum on Gold and indices since AUDUSD have a positive...
The AUDUSD pair is forming today a 1D Death Cross, as the 1D MA50 (blue trend-line) is crossing below the 1D MA200 (orange trend-line), for the first time in 11 months (since April 14 2023). Obviously it is a major technical sell signal and in fact the price action since the start of the year (Channel Down), is very similar to the one of early 2023. The 1D RSI...