If the price of AUD/USD declines to .6545 then it will have completed a solid M-Top pattern. This will also be a double top at .6573 where WR1 Pivot sits. All the signs are looking like AUD/USD BULLS left this market when the price returned to WR1 and now we should see AUD/USD BEARS take control. Curerntly the price is trapped between the 25 EMA and the 50 EMA on...
In the AUD/USD pair's 4-hour timeframe, a bullish trend appears imminent following the completion of a 5th wave and a breakout from a falling wedge pattern. Entry occurred post-breakout above key resistance levels. Presently, the price action suggests a correction in line with Elliott Wave theory (ABC pattern), potentially signaling further upside momentum in the...
Can AUD/USD claim more ground above 0.6500? AUD/USD has been making a short-term comeback from its 2024 low, crossing the 0.6500 mark due to a weaker Dollar. But is its downtrend intact still, or are we seeing the start of a sustained turnaround? Looking at the 4-hour chart, there are potential signs of a continued negative outlook, unless we see a break of...
We are in downtrend and in this moment we have a strong USD. On 4H I can see very clear BOS and slowly correction. I mark my SELL LEVEL area with red rectangle and imbalance. Is very possible to see price to go in a lot drawdown because of imbalance but optimal entry is at 0.65128 Set Sell Limit and expect news for USD after 2 hours to open my position. Good...
The US greenback remained beneathneath a three-month top on Thursday, as marketplace individuals assessed the timing of capacity hobby fee cuts with the aid of using the Federal Reserve following remarks from Fed officers on inflation statistics. currently released. The yen, even though beneathneath stress this week, did now no longer fall to a three-month low...
AUDUSD is moving in the descending channel and has made lower lows. The price is creating a potential AB=CD pattern. Price action formed a kill zone for the short opportunity: fibo level 50% and reaction zone. We expect a bearish move from the psychological levle at 0.65000 and the completion of the AB=CD. ------------------- Share your opinion in the...
I am long on AUDUSD from a week. I am still waiting for the pump i think it now time (finally). As i am showing you in this chart, setup is pretty clear. Accumulation, squeeze, and now that we have broke up H4 resistance, i expect a pump till 0.66 minimum (probably higher next weeks)
AUD USD has formed a Rising Wedge Continuation pattern on the 1hr timeframe, Waiting for a retest of the broken HL for a sell entry. Are you seeing this too ?
The AUDUSD has been on a bit of a slide since the end of 2023, but now it's shaping up to look like a solid pick for a short-term buy that could turn into a longer term move here's why. We're hitting a really important spot on the charts - the Monthly BUY zone that popped up last November after a big jump from the low in early October. Back in October, I...
We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline supports our directional basis.
Hello traders! ‼️ This is my perspective on AUDUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block. Like, comment and subscribe to be in touch with my content!
The long i opened yesterday on AUDUSD is going well following my ideas. I see a strong reversal pattern, so i placed another long limit order at the green zone (placed exactly at 0.6513). Stoploss is the same as yesterday, just below this local bottom, and first target is the main resistance at 0.66. If we get there, i will close one position keeping the second...
The US Dollar Index rose to 104.18, its highest level since December 2023. The US jobs report released on Friday (February 2) far exceeded market expectations. This information reinforced Fed Chairman Jerome Powell's statement at the end of the agency's policy meeting last week that an interest rate cut in March 2024 was unlikely. Expert Chris Weston, head of...
Welcome back! Let me know your thoughts in the comments! ** AUDUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Pair : AUDUSD ( Australian Dollar / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves RSI - Divergence Bearish Channel as an Corrective Pattern in Short Time Frame Break of Structure and Completed the Retracement
For the past 3 years, AudUsd has been in a downtrend, with the pair dropping almost 2,000 pips from its peak in February 2021, which was around the 0.8 zone. In November 2023, the pair initiated a reversal from a support zone, and by December, it even broke above the descending trend line, reaching a horizontal resistance level at 0.69. However, this upward...
AUD/USD fell from the late-December high to mid-January low in a fairly straight line, so it is no surprise to see prices have consolidated. However, the consolidation cannot last forever so we're looking for its next directional. Given the Aussie has failed to rally despite 'good news' from China, perhaps a spell of bad news could send it lower. That, or a...
AUDUSD looks good to try a long here. 0.65 is a strong support that also fit with the level -0.618 of last leg down, and as you can see it has broke and retested major trend. I expect a bullish trend this week, targeting 0.66.