AUDUSD Bearish Flag Formation: Potential for a Strong Downtrend
AUDUSD is currently trading around 0.63, forming a bearish flag pattern, which is a strong continuation signal for a potential drop in price. The market structure suggests that after a brief consolidation phase, the pair may break downward, targeting the 0.61 level. A confirmed breakout below the flag formation could accelerate selling pressure, leading to a sharp decline. Traders should monitor key support levels and bearish confirmations before entering short positions.
Fundamentally, the U.S. dollar remains strong amid expectations of continued Federal Reserve hawkishness. Recent economic data and risk-off sentiment in global markets have provided further support for USD strength, weighing heavily on AUDUSD. If market sentiment remains risk-averse, the pair could see additional downside pressure, making 0.61 a highly probable target.
From a technical perspective, maintaining a cautious approach is crucial. If AUDUSD breaks below the lower boundary of the flag pattern with strong volume, it could confirm further downside momentum. Traders should look for key resistance at 0.6350, as any rejection from this level could strengthen the bearish outlook. Keeping an eye on upcoming fundamental catalysts such as U.S. economic data and Australian trade reports will be crucial in determining the next move.
Aduusd
AUDUSD: The AUD has also returned to rising momentumAUDUSD: The AUD has also returned to its upward momentum, especially surpassing the 0.6660 zone, showing that the flag pattern has broken to maintain the previous upward trend, so AUDUSD has a high risk of continuing to rise above it. resistance zone 0.67 to move to higher price area. The target is expected to be above the 0.68 threshold. Therefore, in the short term, you can consider buying up AUDUSD today. Recommended to buy around the current price range
AUDJPY short IDEAEntry 94.693
SL 95.712
TP1 93.088
TP2 92.101
TP3 90.596
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading
update(USDCHF) T.F(4H) TA 2/21/22After breaking the support of 0.92234, this time it became resistance
Scenario 1: Price stabilization
And back to target 0.92234
Scenario 2:
The break of support is 0.91765 and the price stabilizes and continues to target 0.91168-0.90965
⚠️ This Analysis will be updated ...
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💹 Time Frame : 4h
👤 hosein alizadeh
📅 2/21/22
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AUDUSD approaching resistance, potential drop! AUDUSD is approaching our first resistance at 0.74632 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7311 (horizontal swing low support).
Stochastic (89,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price.
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