Dear Traders, Hope everyone doing excellent this week, we have an excellent opportunity of buying AUDUSD. Please keep in the mind that, price will ultimately depends on NFP data that will be out tomorrow afternoon. DXY is extremely bullish and that is why we have two area where we can exit the trade.
Supply Zone sell to next demand level of Fib extension levels
AUDUSD is trading near the psychological level at 0.66000. The market made a pullback in the form of an ascending channel. The price is in a bearish trend, and most likely it will continue going down, breaking the ascending channel. The market created the bearish harmonic pattern, which is extra confirmation at the resistance level. ------------------- Share...
Most Asian currencies remained weak on Wednesday, with the dollar hovering near a six-week high as markets awaited further signals on when the Federal Reserve would start cutting interest rates. The Australian dollar weakened by 0.1%, although January's PMI data showed improvement in manufacturing and services activity. The Australian dollar, which is often used...
AUDUSD is approaching the H1 trendline, and i think is going to break it up. Dollar is getting weak, and on H1 and H4 my indicator are showing me some strength. A break above the trendline could lead the price till the next daily resistance, placed at 0.668
AUD/USD Trade alert: Strong USD vs RBA's rate decision Talk of a US$278 billion (1 trillion yuan) rescue package for Chinese shares might not be enough to support AUD/USD. Countering this positive signal for the AUD is general US dollar strength, caused by a shift in the market regarding the likelihood of a March rate cut. At the turn of the year, it was priced...
Pair : AUDUSD ( Australian Dollar / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " A - wxy " Corrective Waves at Daily Demand Zone. Bearish Channel as an Corrective Pattern in Short Time Frame, It has Completed the Break of Structure and Retracement.
If commodity FX is anything to go by, we could be in for a bout of risk-off. The yen and US dollar were the strongest majors, which saw AUD/JPY and NZD/JPY pull back from cycle highs and form bearish outside days alongside AUD/USD and NZD/USD. The fact that AUD/USD reversed at its 200-day average and closed beneath the 200-day EMA makes it likely the 2-day bounce...
Like NZD/USD, the Aussie is refusing to roll over despite a strong US inflation report. That is in itself a sign of strength. The daily chart is yet to see a close beneath the Q3 open, and the lows are holding above the 50-day EMA and 38.2% Fibonacci level. A bullish RSI divergence also formed from the oversold zone to suggest a swing low has formed or is...
Risk aversion reigns supreme, casting a dark cloud over AUD/USD just before today’s employment report drops. A stellar jobs report is unlikely to spark calls for an imminent RBA hike, but it might prompt some short covering on the Aussie. Besides, there are early signs of stability above the 65c zone with Wednesday’s lower wick, which saw a false break of the...
I was surprised by the strength of the USD last week, and it lead to a flawed view of the AUD market. The market was weaker than expected, and has potentially turned bearish. Let the market unfold on Monday, and wait for clarity. Leave a comment and I will reply directly and promptly! Thank you. May profits be upon you.
+ 1.) weekly candle reject weekly level 2.) holding strong daily/weekly level 3.) daily momentum candle 4.) 4hour bullish orderflow -could be a pullback trade because we see momentum to the downsite, but still holding strong support zone- waiting for a small pullback then long
AUD USD has broken a bearish market structure, we need to wait for a retest to get an entry.
Hello Traders! This is my idea related to AUDUSD H1. I see a very nice bullish structure, and I expect a rise until the first FVG as a first target. It represents a good opportunity to execute a long trade. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
AUDUSD has reached the horizontal support area on the daily timeframe chart. 📈 Expectations: Anticipate the pair to re-test key support levels, as highlighted in the attached chart. 📊 Trading Strategy: This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market...
The dollar has trended higher for the second consecutive week, supported by a strong domestic economy and the central bank's cautious stance on interest rate cuts. The dollar index, which measures the currency against a basket of six major rivals, rose 0.9% this week to 103.4. The dollar has appreciated about 5% against the yen this year, and the exchange rate...
In terms of trading analysis, I am a strong advocate for taking a long-term approach and striving to gain the best possible insight into where the market may be heading in the coming quarters (and in some cases even further ahead) . Identifying the overall direction of the market is a critical factor not just in positioning oneself for high-percentage gains but...
We expect further downside on this pair, signalled by the ascending triangle pattern breakout and counter-trendline breakout. We can also see the breakout of a key level which further supports our directional basis.