Hello traders! ‼️ This is my perspective on AUDUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to continue the retracement to fill that imbalance lower and then to reject from bullish order block. Like, comment and subscribe to be in touch with my content!
Hello friends! AUD/USD has failed to break the 0.6650 resistance level. In fact, price has reversed after hitting the resistance zone. Based on the price action in the daily chart, I believe AUD/USD will decline further. I have already sold AUD/USD at the resistance zone. In case price reaches the resistance zone again, I will consider adding further sells in AUD/USD.
In our comprehensive analysis, we delve into the AUDUSD currently trading into a bearish order block on both daily and four-hour timeframes. The accompanying video elucidates the prevailing trend, delineates the nuances of price movements, and dissects the overarching market architecture. Additionally, I offer a strategic trade proposition for...
TECHNICAL AUDUSD Show potential for buy. Right now the price fill the imbalance and is very close to 1H zone. It's very important to wait for candle confirmation before jump in. 1st TP at 0.66177 2nd TP at 0.66496 Good Luck FUNDAMENTAL RBA keeps rates steady /strong AUD/ USD rate cuts on the table /weak USD/
The greenback edged better on Wednesday, bucking current weak point as numerous Fed officers organized to speak. At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the dollar towards a basket of six different currencies, traded 0.2% better at 105,500, off its lowest withinside the nearly a month remaining week. The greenback obtained a small increase...
We expect further downside on this pair, signalled by the formation of a double top. We can also see the breakout of a short-term trendline and key level which further supports our bearish directional basis.
Countdown to RBA rate decision The nine members of the Reserve Bank of Australia (RBA) are set announce its latest interest rate decision that could significantly impact the Australian dollar. This comes amidst remarks from Warren Hogan, Chief Economic Advisor at Judo Bank, who suggests that the central bank might soon need to raise rates to over 5%, a...
AUD USD TRADE SETUP 4HR TIMEFRAME AUD USD is trading in a support and resistance level, the price is currently at the resistance level. A Double Top Pattern has formed on the resistance level which is a good confirmation for reversal.
A #short trade opportunity recently presented itself on the #aussiedollar (#AUDUSD) #trading chart 📉. This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 0.66462 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell). Sufficient downward momentum...
Hello friends nice to meet you all hope you have a good time and have a great investment time. As you see the blue line, RSI berish divergence was appeared. It can have a rebound at a meaningful recent point and the final goal is the tail's zone below.
After a significant 80+ pips downward movement post-choch, AUDUSD seems to be adhering to Elliott Wave principles, completing its 3rd wave. As it enters the 4th wave, a 50% retracement is completed, coinciding with a touch on the ascending trendline. With buying block orders activated, AUDUSD is likely to shift towards a bullish trajectory.
The Treasurer has previously highlighted the impact of weaker commodity prices, particularly on iron ore - a key Australian export - along with rising unemployment as key factors. to adjust revenue. Australia's unemployment rate hit a two-year high of 4.1% in January. Over the last month, Chalmers has also highlighted concerns about global economic stability,...
AUDUSD Hit again the resistance area at 0.65750 and it's fighting to break above this level. I think this could be a trap, and were most of the traders expect a double top (entering short so) i think we could see a fast pump there reaching the resistance area at $0.66250
Here is a 1:2 RR Trade setup on AUD USD Lets see how this play out Waiting patiently for confirmation
Fed rules out rate hike. Will the RBA now do the same? The US Federal Reserve maintained its policy rate within the 5.25%-5.50% range as anticipated. Notably, Fed Chair Powell, in the press conference, expressed that while the central bank remains vigilant about inflation risks, a hike is "unlikely" for the next move. Will the Reserve Bank of Australia (RBA)...
AUDUSD printed Bearish Divergence on RSI followed by a breakout of Trend Line suggesting a Bearish Shift. Entry is recommended at 38.2% retracement level of current price.
AUD USD TRADE SETUP AUD USD is currently retesting a support key level. Currently looking for SELL confirmation on the lower timeframe of 30 mins. Plan B, if the price breaks above we need to see a retest before looking for BUY entries
The AUDUSD pair is currently exhibiting a potential Bearish Bat Harmonic Pattern (XABCD) formation, coupled with its proximity to a significant resistance level. This suggests a possible reversal in trend momentum, with bearish indications expected to strengthen from Point D onwards. Harmonic Pattern Analysis: The Bearish Bat Harmonic Pattern (XABCD) is...