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AU

AUDUSD 4hour Analysis August 29th, 2021AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Higher timeframes are mainly bearish but the 4hour has been pushing up pretty hard. We can see that recent broken structure is around 0.73300, right where price action is pushing up to. From here if we’re going to continue with the overall bearish trend we need to see a strong reversal. Ideally price action comes to a stop and consolidates into a nice reversal pattern. We can then take 1 of 2 entries. Enter on the break of support after a confirmed reversal around 0.73000 or wait for the more conservative option and enter on the retest of 0.73000 after it is broken and then target lower. Trade scenario 2: For us to consider AU bullish it first needs to break back into the range above 0.73300. I would not recommend taking a trade within the range but you could enter on either the bullish break of the range or wait for a higher low to confirm above 0.74000, then target higher.
Short
by ForexLeague
AUDUSD 4hour Analysis August 22nd, 2021AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Definitely VERY bearish here on AU and we are also a bit over extended. Ideally, the best scenario would be to retest 0.72000 & our 38.2% fib level with a confirmed lower high that we can then enter short on. Look to target lower toward our monthly support around 0.70000 Trade scenario 2: For us to consider AU bullish a lot needs to happen because technically price action can retrace to 0.73000 and still be bearish according to higher timeframes. So the most conservative long scenario would be a higher low formation above 0.73000.
Short
by ForexLeague
1
AUDUSD 4hour Analysis August 15th, 2021AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Still looking very bearish here on AU but we can clearly see that price action is in a range just below major resistance around 0.74000. How price action reacts at this level will determine our potential movement for the week. Ideally we see price action reverse now with plenty of confirmation. You could enter a reversal from this level but the most conservative trade opportunity is always on a lower high confirming a break of a range. Trade scenario 2: For us to consider AU bullish we would need to see a strong break above 0.74000 with a confirmed higher low above.
Short
by ForexLeague
Technical analysis update: XAUUSD (13th August 2021)Gold has rebounded from its recent low at 1677.686 USD. Currently it trades around 1750 USD. RSI reversed to the upside and crossed above 30 points on its way, showing bullish signs at the moment. MACD is flattening out. Stochastic oscillates in its lower area, although, it starts to show first signs of reversing to the upside similarly like RSI. First resistance sits near 1790 USD which coincides with 20-day Simple Moving Average. Second resistance appears around 1835 USD and third resistance around 1917 USD. We think all these levels will be taken out over time. We also think it is highly possible that gold has already bottomed out (in recent slump) at its medium/long term support from March 2021. Our medium term price target remains 1850 USD and our long term price target remains 1875 USD. Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
4
Technical analysis update: XAUUSD (10th August 2021)Many people may feel perplexed about yesterday's selloff in gold when price halted its decline at 1677.686 USD (after 4 bn. USD sell order hit the market). At some point a spread between bid and ask reached more than 35 USD (mainly around yesterday's low). Upbeat economic data with decreasing unemployment point to the steady recovery and lay out path for future rate hikes and taper by the FED. Yesterday's price decline stopped at March lows suggesting strong support in this area. RSI reached oversold level and is striving to reverse. MACD and Stochastic are bearish. Despite that we believe there is not much more downside for gold from here. We believe that short term struggle in gold is nearing its end. Eventually FED will be forced to hike interest rates due to soaring inflation making it bullish case for gold in long run. In our opinion current price of gold is very attractive for entering a long position. Our medium term price target remains 1850 USD and our long term price target remains 1875 USD. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
10
AUDUSD 4hour Analysis August 8th, 2021AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Looking bearish on AU overall and we are a few confirmations away from a great short scenario. Currently we’re looking for price action to present a lower high followed by strong bearish setups to enter on just below 0.73800. Trade scenario 2: For us to consider AU bullish we would need to first see a break of resistance at 0.74000 with a higher low above.
Short
by ForexLeague
AUDUSD 4hour Analysis August 1st, 2021AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are bearish on AU and price action looks like it will continue with that trend this week. From where price action currently is there are no perfect opportunities which is why a pullback would present a better opportunity. Look to target lower if we can spot a strong continuation after a reversal closer to broken resistance. Target toward 0.73000 support. Trade scenario 2: For us to consider AU bullish we ideally need to see higher low above 0.74000 with strong bullish setups.
Short
by ForexLeague
1
AUDUSD 4hour Analysis July 18th, 2021AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are SUPER bearish on AU right now. We are at key support near 0.74000 so we know to wait and expect some sort of reaction first. But we can also notice a pretty large descending wedge pattern at the bottom of a large bearish leg. Technically the pattern and formation in this situation means both a continuation or reversal can happen. Based on price action first and the direction of the overall trends it’s more likely price action will push lower. In this event we’ll look for a lower high below support at 0.74000 and target lower toward new support levels. Trade scenario 2: For us to consider AU bullish we ideally need to see higher lows above 0.75000. Anything else could still be part of a pullback and still be considered bearish.
Short
by ForexLeague
AUDUSD 4hour Analysis July 11th, 2021AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: All timeframes are bearish on AU and we plan to continue with this trend. Currently price action is at resistance near 0.74900 and how it reacts here will determine where price moves on this 4hour timeframe. Ideally we want to spot a reversal at current resistance followed by strong bearish setups to enter short on. Look to target lower toward support at 0.74000 Trade scenario 2: For us to consider AU bullish we need to see a break of resistance at 0.74900 with a confirmed higher low above. Look to target higher toward key resistance levels.
Short
by ForexLeague
AUDUSD 4hour Analysis July 5th, 2021AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: AU is looking bullish on the 4hour timeframe because it is correcting a larger bearish impulse move. This means that we will be looking for our next Lower High near an area of confluence. Ideally we want to see a reversal around our 38.2% fib level with strong bearish confirmations. If this happens we will look to target lower toward 0.74000 & our -27% fib level. Trade scenario 2: For us to consider AU bullish again we would need to see a break of resistance around 0.76000 with a confirmed higher low above. Only then will we begin to look for long opportunities.
Short
by ForexLeague
AUDUSD 13/06/2021 - WEEKLY FORECAST TF 2HHello Traders! While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the eye signs. Heart in the box - a place to take profits Eye sign - spot to jump in, or watch Penguin - expected direction Have fun with it, and remember - this game is about the patience. Keep yourself cool. Like it if it was helpful to you. We appreciate the likes and comments. Provided feedback helps us with the future service. Got questions? Feel free to DM us! Thank you for your attention, GOD BLESS U ALL !!!
by UnknownUnicorn20315650
AUDUSD 4hour Analysis June 13th, 2021AUDUSD Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: We were recently in a range but finally price action seems to be breaking out. Currently we're seeing an attempt at a bearish break but we’re waiting for confirmation in the form of a lower high below 0.77150. Look to target lower toward major levels of support. Technically price action can retrace to 0.77600 and still be bearish. This is why we want to wait for a lower high below the next key level. Trade scenario 2: For us to consider AU bullish again we would need to see a break above resistance at 0.77600 with a higher low above.
Short
by ForexLeague
AUDUSD 4hour Analysis June 6th, 2021AUDUSD Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall we are bullish on higher timeframes but the 4hour has been stuck in a range for weeks. More recently we’ve been seeing price action hint at breaking lower but nothing has been confirmed yet. Ideally we want to see a lower high below 0.77150, at the very least. Look to target lower toward our 0.76000. Trade scenario 2: If price action fails to break the range look for our resistance near 0.78000 to be tested. It’s very likely this will happen if we don’t break here.
Short
by ForexLeague
1
AUDUSD 4hour Analysis May 30th, 2021AUDUSD Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: The higher timeframes are mainly bullish but 4hour price action looks to be breaking the support of the range. To confirm this we need to see a lower high below resistance at 0.77150. Look to target lower toward support near our weekly (0.76000). Trade scenario 2: For us to consider AU bullish, we would need to see price action push back into the range with a confirmed higher low. If this happens look for price action to fill the range, target higher toward the top.
Short
by ForexLeague