Hello traders, FX:AUDUSD I have determined the formation target on the chart. I wish everyone success. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Thank you for considering my analysis and perspective. Good luck
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AUDUSD is currently in a long-term uptrend. After reaching a level of 0.664, the market pulled back to a trend line that is moving upwards. The pair was able to break through an important daily resistance area. The broken structure, along with the major rising trend line, now form a contracting demand zone, which is where the next upward movement is expected to...
After reaching the target of Harmoic butterfly pattern shared already the pair took reversal from the exact level and for bearish divergence. Entry can be taken break of HL for short posiiton.
Market Analysis: AUD/USD Set Sights on Additional Upside AUD/USD started a decent increase above the 0.6655 resistance. Important Takeaways for AUD/USD Analysis Today The Aussie Dollar found support at 0.6585 and recovered higher against the US Dollar. There is a major bullish trend line forming with support at 0.6670 on the hourly chart of AUD/USD at...
--------------AUDUSD OBSERVATION-------------- This is just an observation or more precisely said guesstimate. I wouldn't go long on this pair at the moment and still think USD has more upside potential. However it could be a scenario just for fun. So I share it to see what do YOU think of the possibility of such reversal.
It is expected that after some upward swing, the continuation of the downward trend will be formed. If the price crosses the green resistance range, the upward trend is likely to continue
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UBS said in a note on May 13: "Historically, May has been a good month for the dollar. Our seasonal indicators show that demand for the dollar typically increases in the belated month of April and peaks in mid-May Mainly for the foreign exchange market overseas, it is also a signal that the market can also hold the dollar for a long time to obtain extremely high...
Sessions reacting to last nights Unemployment numbers USD Strong on CCPV Indicator mt4 Aussey Weak az Main Target about 77 pips Sentiment of Traders
The idea revolves around D, 4h, 1h and 30m timeframes. The audusd pair recently made a huge rejection after hit the daily resistance There is no new key level in the 4h timeframe (except the new transformed support), so at least the price will likely go to that level once again There's a multiple mini resistance in the 1h timeframe (yellow dashed line)...
Hello Everyone, AUD/USD is steadily progressing towards the 1Y PP. To confirm this trend further, we need the 1D PP to act as support. TradeWithTheTrend3344
AUD/USD is falling towards a support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.6644 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Stop loss: 0.6594 Why we like it: There is a pullback support level which lines...
This is what I am looking at right now with AUDUSD. We are at an upward trend right now. My target will be around 0.685 as a Daily Supply Level. Once price has reached that point I will look at a SHORT opportunity within the Daily timeframe. I will be taking a short around 0.685 because there are strong previous Daily supply zones.
Broken supply = Demand area Expect the next supply!
Price expecting bullish move with trend just waiting price come on entry zone
The Australian dollar appears reluctant to break above its resistance level, so we consider selling and targeting the support level below. We believe that the current market conditions suggest a bearish outlook for the Australian dollar, as it struggles to gain momentum above the resistance level. By selling at this point and targeting the support level below, we...