Possibility of uptrend The uptrend is expected to continue up to the specified resistance range. Then, according to the behavior of the price in this range, possible scenarios have been determined. Longby STPFOREX0
AUDUSDThe AXY index is bullish whereas the DXY is bearish which means we will see bullish movement in this pair. The instrument is forming higher highs and higher lows aswell. We can place a buy limit order at the 0.382 or 0.5 retracement levels.Longby ibbboo1760
AudUsd Potential long Intra dayKindly note this is not Financial advice. I believe we'll buy for the next couple of Hours. Will provide updates as market shifts. Am already holding a buy positionLongby lmddube1Updated 0
AUDUSD LongAUDUSD is moving upwards after bullish divergence, the resistance level is broken and the price action is expected to move upwards.Longby H2TO0
AUDUSD 4hour TF -June 17th, 2024Monthly - Bearish Weekly - Bearish Daily - Ranging 4Hour - Ranging Scenario 1: We have been ranging for weeks and just found support for price action around 0.65800. Look for a higher low above the 0.66200 zone, If this happens expect AU to be move to the top of the range. Scenario 2: If the range breaks bearish look for price action to form a lower lower below the 0.65800 zone followed by an undisputed lower high. Look for rejection + bearish conviction from resistance. by ForexLeague0
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 davidjulien369Updated 0
Trading Signal Alert: AUDUSDDirection : Buy Enter Price : 0.66148 Take Profit : 0.66403667 Stop Loss : 0.65902667 We are issuing a Buy signal for the AUDUSD currency pair based on the latest analysis performed using our proprietary EASY Quantum Ai strategy. Our advanced AI system has identified several key indicators that suggest a bullish movement for this pair. Firstly, recent macroeconomic data from Australia show a positive trend in the country's economic performance. Strong employment figures and a resilient commodities market continue to support the Aussie dollar. Secondly, our technical analysis reveals a strong support level around 0.66148, which aligns with our entry price. Historical price patterns suggest that this level has been a reliable pivot point for upward movements. Additionally, sentiment analysis indicates increasing interest in the Australian dollar, driven by investor optimism and risk-on market behavior. This aligns well with our Buy recommendation. Our EASY Quantum Ai strategy employs sophisticated machine learning algorithms to analyze market conditions, assuring a higher probability for success with this trade. Trade responsibly and always monitor market conditions. Happy trading!Longby ForexRobotEasyUpdated 0
AUDUSD still looking for directionAUDUSD hasn’t shown any obvious direction since gains in the first half of May although the price is somewhat lower than where it started the year as the expected pivot by the Fed has been pushed progressively further and further back. Australian monthly inflation at 3.6% in April is only slightly higher than the figure for the USA, but the Reserve Bank of Australia (‘RBA’) hasn’t ruled out further hikes if the rate comes back up. Compared to many other advanced economies, Australia has done reasonably well in the last few months: while GDP has been more-or-less stagnant, there’s been no sign of contraction or technical recession. The area around 65.7c looks like an important support because the price halted around there on 8 May and 9 June and this is also the area of the 100 and 200 SMAs. The 50 SMA from Bands might function as a dynamic support this week but since it’s started to rise more quickly in the last few days this is questionable. There’s no sign of saturation: the slow stochastic at about 40 is closer to neutral than oversold. 67c is the main resistance in focus. This area has been tested unsuccessfully four times since last month. AUDUSD probably needs a catalyst from news to exit the current sideways trend. Logically, one would expect this to be from the next shift in expectations for the Fed in the second half of the year. That might come from surprising releases of inflation from either country, but it’s important to monitor the news from the RBA this week for any change in tone. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.by Michael_Stark_Exness0
AUDUSD Potential Support Break At 0.65899 14.06.2024AUDUSD: Potential support break at 0.65899 on 15-minute chart. If breakout holds, target 0.65590; next target 0.65198 if 0.65590 is breached. If breakout fails, expect a rally to 0.66142; next target 0.66333 if 0.66142 is surpassed. Apply Risk Management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerShortby BDSwiss_Academy0
This week I'm gonna look for buy setups.Those who are passionate about trading know that this is a tough business. You have to understand that the predictions people make regarding the price movement directions are based on probabilities. There is no such thing as 100 percent direction in the market and that is because the market can turn against you or your direction any time it wants. The reason doesn't even matter, it could be the news of some geopolitical changes, oil cut production or war, or many other factors that could impact the financial market. If you have one or more good reasons that the price will follow a certain direction all you have to do is to take a small risk entry in your direction with a good risk-to-reward ratio and just wait and see how the market will perform. A trader could have 1 good reason or a few reasons why his bias is up or down. The reasons could be based on particular studies, past behavior, fundamentals, technical analysis, or certain observations. The important part for you to understand is that the market is in a continuously changing process this means that yesterday's prediction, today could be irrelevant. The market does not have to follow your analysis. You have to follow the market, observe its changes, and react accordingly to them! I hope some of you will find this helpful, good luck!by Leorado0
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 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
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
Buy at 0.66172Audusd had a deep pullback down to the previous support zone from resistance on the 5 min tf. The target is almost reached and now a move up to 0.67700 is likely.Longby regkey4136
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). by CleoFinance0
AUDUSD Bullish ScenarioAUDUSD has finally hit the demand zone I've been waiting for. I think it will respect this major demand zone since higher time frames support it We'll wait for CHoCH in different time frames, and then it'll be time to consider buying. Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions. Longby BiaxarUpdated 228
what if price dropped to green zoneanticipate bullish/continuation of up trend, when price reaches buyer zone.by narxyn1
Aussie at Support ahead of FOMCAussie is testing confluent support here at the 38.2% retracement near 6580 . Looking for a reaction heading into US CPI / FOMC. Ultimately, losses would need to be limited to 6538 IF price is still heading higher with a breach above 6690 needed to mark uptrend resumption. Bottom line- threat for an exhaustion low over the next few days- Watch the weekly close here. Michael Boutros, Sr Technical Strategist @MBForex by FOREXcomUpdated 0
uptrend The uptrend is expected to advance to the specified resistance levels. Then the possibility of changing the trend in the resistance levels will be probableLongby STPFOREX0