Let's see how this pair will perform based on the analysis.
Make sure you do your research and based on your confluence please look for the entry.
Trade safe use proper risk management always.
At the time of writing this I'm still bearish on the lower time frames but we are now seeing price push into an area of support of 0.7 and is well overdue for a correction back the the upside.
AUDUSD Sideways / Ranging will be clearly visible on the M30 timeframe, Starting from March 31, You can enter the demand area (when this idea was created) or enter supply with a CONFIRMATION note, Don't try to enter without confirmation, because maybe the price will trying to penetrate Supply / Demand, the direction of price movement will remain the same, namely...
Whatsup Strangers
I'll be breaking down the DXY and correlated cross pairs.
I tried to keep this as brief as possible so hit me up if you're confused with anything.
Also, I would appreciate any feedback. Let me know what I can do to improve my Breakdowns
Cheers
Dilpreet
Hello traders,
Some important news will be released for AUD/USD to day later in the Asian trading session, namely interest rate decision by the RBA.
Fundamental point of view and also based on RBA latest statement in April 2019, a rate hike could be eliminated by RBA for today due to economical situations they are concerned about, namely the trade war...
I am a trend trader, the daily (long-term) chart for the #audusd left a candlestick "shooting star" signal, one of my favorites to trade. I'm also checking the #usdollar (#dxy) to enter at the right time on this trade. I'll be trading the 3H chart, focusing on a resistance at 0.7250 range. #audusd could go as high 0.73 before continuing its downtrend so our first...
AUDUSD is approaching our first support at 0.76555 (horizontal swing low support, 61.8% Fibonacci retracement, short term ascending support line). A strong bounce might occur above this level, pushing price up to our major resistance at 0.7726 (horizontal swing high resistance, 61.8%, 76.4% Fibonacci retracement, 100% Fibonacci extension).
RSI (89) is bouncing...
Update on my "Back to Basics" Idea yesterday....
Although price hovered around the .618 retrace of last months move, there was never a breakout of trend - so there were no clear entry reasons. Price didn't close above the .786 after the first touch either, but again no clear entry signals.
We now have price retraced all the way back to the swing high, and...
After AUDUSD broke the trendline I am waiting for the price to calm down and form a flag and retrace to the fib level 32.8 or 50.0 to short. Target will be retesting previous low.
AUD/USD ( DAILY )
RECOMMENDATION: BUY
SUMMARY:
The secondary trend of AUD/USD is bullish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7242 and support at the...
