possibility of correction According to the behavior of the price in the current resistance range, possible scenarios have been identified. It is expected that a trend change will take place and we will witness the beginning of a downward trendShortby STPFOREX2
AUD/USD Trade Analysis: Key Levels to WatchCurrently, the AUD/USD pair is trading within a defined range. Observing the price action, we have key levels that could determine our next move. 1. Break Above 0.6610: - Should the price break above the 0.6610 level, we will need to wait for a retest around 0.6635 before considering a sell position. This level aligns with previous resistance and will give us a better risk-to-reward ratio. 2. Break Below 0.6590: - Conversely, if the price breaks below the 0.6590 level, it is likely to continue down to our entry point at 0.6580, which coincides with the recent wick lows. This break would indicate a bearish continuation. Target and Stop-Loss: - Our target price (TP) is set at 0.6652, which aligns with the previous resistance level and the 50% Fibonacci retracement level, providing a strong confluence for our take-profit zone. - The stop-loss (SL) is positioned at 0.6540, safeguarding our position should the market move against us. Recent Performance: - Yesterday, we successfully executed a trade on this pair, which was shared on Minds, yielding excellent results. Stay vigilant and wait for confirmation before entering any trades.Longby EleazarahmathUpdated 1113
Falling towards 23.6% Fibonacci support, could it bounce?Aussie (AUD/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 0.6669 1st Support: 0.6644 1st Resistance: 0.6713 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Longby ICmarkets7
AUDUSD Long Term Selling Trading IdeaHello Traders In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET today AUDUSD analysis 👆 🟢This Chart includes_ (AUDUSD market update) 🟢What is The Next Opportunity onAUDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartLongby ForexMasters200017
AUDUSD There's still space for growthGo higher. The rationale behind : 1. Sentiment on open positions of retail traders 2. Data from the latest COT report on positions of major players 3. Cumulative metrics of technical indicatorsLongby ClashChartsTeamUpdated 223
Audusd AUDUSD the buyside liquidity is still unmitigated the market has to manipulate it before even falling hard.Shortby CurrencyMomentumFX225
AUDUSD H2 OUTOOKThe chart for AUD/USD on a 2-hour timeframe, with the current price at 0.66523, highlights several Change of Character (ChoCh) and Break of Structure (BoS) points, indicating trend shifts and continuations. The price is moving towards a demand area around 0.66071, suggesting a potential bullish reversal. A projected "W" pattern indicates a possible double bottom before a bullish breakout, targeting around 0.66797, with a stop-loss near 0.65888.Longby DCBFOREXTRADING4
AUDUSD A BULL RUN CONTINUATIONThe pair AUDUSD seems to continue its Bull Run as no divergence is seen on the charts and bullish flag pattern is in the making. The fundamentals and seasonality are also supporting the pair for a possible bull run. what are your views about this ???Longby NEXTIn_Financials4
CHART BREAKDOWN AUDUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential supply zone (low-risk sell zone) spanning from 0.67000 to 0.67070, respectively, are highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 0.67000 and 0.67070, serving as a low-risk sell. Bearish Targets📉: 0.66880: Possible retracement area. 0.66600: Possible retracement area. 0.66200: Possible retracement area. 0.65900: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.Shortby TTradessss229
AUDUSD TRADE SETUPWait for retest the entry level then take a trade for Buy otherwise skip this setupLongby JinnatAlamSumon2
AUDUSD Is Bearish! Short! Take a look at our analysis for AUDUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.663. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.660 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 335
Will the Australian dollar weaken?📊 According to the selling pressure in the market, if the price is unable to break the range of 0.670 units upwards and the price stabilizes above it, the price may fall to the range of 0.660 🎯 and in the case of the strength of the range of 0.653 units🎯🎯. 📊 Otherwise, the possibility of price increase up to the range of 0.670 units.Shortby arongroups8
Daily analysis and strategy will hopefully help youHello traders Fri 14th June 24 30min TF 3.00am Tokyo Session Sell side Entry 0.66102 Profit level 0.65770 (0.50%) Stop level 0.66386 (0.43%) RR 1.17by Market-HarvesterUpdated 0
Good idea! Good analysis! What do you thinkAUD posted a strong rally of 5% from the April low, before 67c capped as resistance. A choppy rage has since formed between 66c-67c, although it could also be a bull flag in the making. Whilst we wait for it to decide which of the two it is, we're looking at a cheeky swing trade long idea heading into the weekend. The 1-hour chart shows a strong rally from US CPI, and recent prices action has retraced against that move. Prices are stabilising around the 20-day EMA, so perhaps it is close to a swing low. The bias is bullish whilst prices hold above the monthly pivot point (0.6610), but tighter risk management could be used if momentum turns higher (such as the recent swing lows). The initial target is near the upper 1-day implied volatility band of 0.6657. by Jellytian0
AU D Buy Idea 5/8/24Daily bearish trendline has broken and is now being retesting, so I am now looking at buys. There's been a bullish impulse with a bearish correction (pullback) happening now. If price follows suit there should be a bullish continuation happening soon pushing price bullish. This will have EMCers looking for entries Thursday or Friday to take price up to around .66722 for a -.27 TP. **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**Longby cecediditUpdated 221
*SMC* AUDUSD Top-Down Analysis ICT Firstly, on the weekly TF , since April, the market showed a willing to climb to the FVG made in December 2023. We currently are in a premium relative to the low made in April to the high made in May. The Market could come all the way down to equilibrium and in a discount level but I would favor not going bellow the Breaker (which is the green box), in other words, staying above 0.65160. I would favor this option at the moment because the body of the weekly candle respected respected the body of the Breaker. ----------------- Now let's go down to the Daily TF As we can see, there is sellside liquidity at 0.65580 which I suspect we could see it being swept next week however, with my expectation of the DXY dropping eventually, I do not intend to take any short next week. ''Oh but I need to take a trade now!'' Okay, I understand completely, but sometimes we need to sit back and wait, and if I missed a trade so what? Most trader are unprofitable because of overtrading. Just bellow this level we have the Weekly FVG which overlay perfectly with a Daily FVG. Now, something I noticed is how the body of the OrderBlock made the April 12 correspond with the Equilibrium, which could become a strong PDArrays if the aussie dollar ever come to go lower than my expectation. Also, we can see that the MeanThreshold of the Daily OrderBlock of April 30, overlay perfectly with the low of the Weekly Breaker, adding confluence on why the price shouldn't go bellow the Breaker. To sum up, The 0.67141 Level is very where my focus is rn, the price could (and most likely will) go bellow last week low taking out Sellside Liquidity, but I do not intend to take any short this week, if I do, I will probably split my risk in two. Tuesday we have ''Retail Sales m/m'' in the morning and later ''RBA Rate Statement'' which should bring a lot of volatility. ------------------------------------------------------------------- Now let's take a look of the Fundamental of the Aussie, which is mostly relevent for the Weekly chart: Fundamentally, the Australian dollars remains strong , with higher inflation than expected since April: -------------------------------------- May 28, 2024 3.6% 3.4% 3.5% Apr 23, 2024 3.5% 3.4% 3.4% Mar 26, 2024 3.4% 3.5% 3.4% Feb 27, 2024 3.4% 3.6% 3.4% Jan 30, 2024 3.4% 3.7% 4.3% -------------------------------------- Also, Australia is a commodity pair , meaning that the Futures Chart is correlated with commodities such as Gold, Silver. Furthermore, with China demands for metals increasing it helps the AUD to gain value, as it exports lot of metals. In addition, Seasonal tendency of the Australian Dollar is showing a bit of weakness during June before gaining strength in July. As some of you saw my previous expectation for the DXY, the AUDUSD should respect the same idea in the direction of the market. Here is the seasonality chart of the Australian Dollar Futures Seasonality: www.google.com ---------------------------------------------- 17. Provide a guarantee. You warrant that the information created and published by you on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.by ezod0
small drop before big move long im thinking the market will drop a bit lower before a major move to the up side. the way the US economy is falling on itself with dummie in office and no rate cuts coming, i think this will some what play out something like this.. ideas welcomeby axelfrankie5250
AUD/USD Bears to Push Towards 50-Day SMA?Ahead of this week’s RBA meeting, the Australian dollar exhibits a potential bearish scenario versus the US dollar, with the monthly and daily charts indicating further softness for the AUD/USD currency pair. 50-Day SMA Demands Attention Since September 2022, buyers and sellers have squared off between two converging lines on the monthly scale, a movement sufficient to label this pattern as a symmetrical triangle (or coil). You will note that May shook hands with the structure's upper boundary and has triggered a moderate sell-off this month (down -0.6%). Aiding the upper limit of the coil is a layer of monthly resistance coming in at $0.6670 that’s complemented by the Relative Strength Index (RSI) continuing to navigate space south of the 50.00 centreline. There’s also plenty of scope for sellers to stretch their legs at current price on the monthly chart: support is not expected to make a show until as far south as $0.6390. Meanwhile, on the daily timeframe, resistance at $0.6690 has been a talking point since mid-May, withstanding three upside attempts. If sellers maintain their position this week and overthrow willing bids at the 50-day simple moving average (SMA) at $0.6583, this would unearth a possible bearish scenario towards the 200-day SMA at $0.6539 and neighbouring support coming in from $0.6502. H1 Confluence Given the space for sellers to make their way to the 50-day SMA at $0.6583 on the daily chart, technical studies lean in favour of further selling towards $0.66 on the H1 scale this week, followed by H1 support from $0.6580. Therefore, the area showing H1 resistance at $0.6622 converging with channel resistance (drawn from the high of $0.6704) and a trendline support-turned-resistance line (taken from the low of $0.6575) could be a zone sellers show interest in this week. Shortby FPMarkets0
AUD-USD Support Ahead! Buy! Hello,Traders! AUD-USD is going down To retest the horizontal Support level of 0.6570 And after the retest We will be expecting A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals111
Short trade Fri 14th June 24 30min TF 3.00am Tokyo Session Sell side Entry 0.66102 Profit level 0.65770 (0.50%) Stop level 0.66386 (0.43%) RR 1.17 Shortby davidjulien3690
Possibility of uptrend Considering the behavior of the price in the green support range, it is expected that a trend change will take place and we will witness the beginning of an upward trend. If the price crosses the support range, the downward trend is likely to continue Longby STPFOREX0
AUDUSD IN BEARISH TREND Fundamental: DXY: Bullish AXY: Bearish Technical: AUDUSD Printing LH &LL with no bullish divergence Sentiment : Bearish Shortby rizwanahmed06030
Trading AUDUSD | Judas Swing Strategy 06/06/2024Despite taking the loss on 05/06/2024, we remained committed to our strategy. The thorough testing of the Judas Swing strategy has bolstered our confidence, allowing us to continue trading whenever our setup forms. The next day 06/06/2024 At 8:25 AM EST, we got to our trading desk and started the day doing the basics on our Judas Swing strategy checklist which includes: - Making sure the timezone is set to New York time - Making sure we're on the 5 min timeframe - Marking the trading period from 00:00 - 08:30 - Marking the high and low of the zone Now that we have established the day's low and high, we await the sweep of liquidity on either side of the zone to determine our bias for the trading session. Liquidity was taken at the lows after 20 minutes, signaling our focus would be on identifying potential buying opportunities. To avoid getting trapped, we waited for price to create a Break of Structure (BOS) to the buy side which occurred at 09:40. Subsequently, our focus shifted to identifying the initial Fair Value Gap within the displacement leg that broke structure. Price then retraced into the created Fair Value Gap (FVG), so we waited and only executed our trade once the candle that touched or entered the FVG had closed. After executing the trade, price moved in our intended direction with minimal drawdown. Similarly, we entered a trade on NZDUSD, and it was also progressing well towards our take profit target. Price nearly reached our take profit (TP) level but then reversed, prolonging our position in the trade. On average, we anticipate being in a trade for approximately 8 hours and 6 minutes, so we remained calm and trusted our strategy. Our patience was rewarded when we achieved our target on both AUDUSD and NZDUSD trades, resulting in a 4% gain (2% from each trade), having risked a total of 2% (1% on each trade). Educationby CleoFinance0