AUD/USD Ahead of RBA CPI data and US GDP data
AUDUSD this week will face inflation data from Australia and GDP data from the US.
What should we expect?
📺You may watch the video for further details📺
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The Aussie (AUD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6486 which is an overlap resistance that sits above the 38.2% Fibonacci retracement level.
Stop loss is at 0.6563 which is a level that sits above the 61.8% Fibonacci retracement and an overlap resistance.
Take profit is at...
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The Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6545 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 0.6572 which is a level that sits above a pullback resistance.
Take profit is at 0.6483 which is an overlap...
The Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6459 which is a pullback resistance that aligns close to a 23.6% Fibonacci retracement level.
Stop loss is at 0.6503 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take...
FX:AUDUSD
Preference:
AUDUSD has been trending downward for the majority of the week. After consolidating and breaking above, we set a buy limit order at the double bottom on the 30-minute time frame and waited for this structural level to be retested. Our trade is now active. If this level holds, we could see a retest of the highs before a continuation of the...
Hey Traders,
The US News coming on Thursday is slowing market volatility.
The AUDUSD offers various technical areas of note and it's important to view these pre news and pre open tomorrow.
Lessons inside.
AUD/USD rises after its 2024 lows as the greenback’s strength deflates, eying the pivotal EMA200 and daily closes above it would shift bias to the upside. However, such outcome has high degree of difficulty technically.
The EMA200 can contain the rebound and sustain the bearish bias, which would keep the Aussie exposed to the 2023 lows (0.6269).
The hawkish...
The Aussie (AUD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6554 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 0.6600 which is a level that sits above the 61.8% Fibonacci retracement.
Take profit is at 0.6486 which is a...
Hello hello, guys!
We have a new week ahead. Here is my analysis for my bias moving forward. For those who are lazy, I am basically bullish on the Dollar and bearish for XXXUSD pairs. But I suggest going through the video as I explain how I came to this bias as well as offer analysis for each of the major Forex pairs.
We are in turbulent times, so trade safe out...
Hello Traders! Looks like we have Bearish Momentum coming into the market for AU and other correlated pairs. DXY as well looks to be picking up Bullish Momentum. Pay attention to the swing points and overall trend.
In this live trading session video,we look at the AUDUSD trade that got recently stopped out for small profit on the 50k traders challenge account. 3 of the previous trades got stopped out before this and we look at how we should review the strategy as a professional if it is still working. We look at the the 3 steps we need to do for this System vs Cash results...
At 9:30pm EST we have Australia reporting CPI data and in this video I have plotted out some areas of interest that I would consider selling Aussie provided we get strong bullish momentum following the reports. The sells are intended to only be scalp trades with small targets of only 10-20 pips depending on the pair.
Welcome to our latest analysis of the AUDUSD currency pair! In this video, we delve into the current state of the market, examining key trends and offering insights into what lies ahead for this dynamic forex pair.
Join us as we dissect recent price movements, identifying crucial support and resistance levels that are influencing the AUDUSD's trajectory. From...
The Aussie (AUD/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6615 which is a swing-high resistance.
Stop loss is at 0.6645 which is a level that sits above a swing-high resistance.
Take profit is at 0.6560 which is a pullback support that aligns close to the 50.0% Fibonacci...
Disclaimer: Trading the financial market carries huge risk, my contents and materials are based on my own personal experience I have had in trading. you could potentially lose all your money. so do not blame me for any financial losses. apply proper risk management.
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AUDUSD actually did rapidly sell after the rate announcement at 12:30 AM EST.
It is already below the 200 EMA and has just broken structure on the downside by crossing below the 50 EMA.
- MOM looks like it is on the 0 line but it is actually negative which for me is a bearish confirmation.
-STOCH is below 50, facing down and the orange line is above the blue....
