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AUD (Australian Dollar)

EURAUD Will Explode! BUY! My dear subscribers, This is my opinion on the EURAUD next move: The instrument tests an important psychological level 1.6020 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.6137 My Stop Loss - 1.5957 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
Bearish drop?AUD/JPY is rising towards the pivot which lines up with the 61.8% Fibonacci retracement and could drop to the 1st support which acts as a pullback support. Pivot: 100.20 1st Support: 99.09 1st Resistance: 100.86 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.
Short
by ICmarkets
Potential bullish bounce?AUD/CAD is falling towards the pivot which is a pullback support that lines up with the 38.2% Fibonacci retracement and could bounce to the 1st resistance. Pivot: 0.91276 1st Support: 0.90738 1st Resistance: 0.91997 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.
Long
by ICmarkets
Bullish bounce off 50% Fibonacci support?AUD/NZD is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is a pullback resistance. Pivot: 1.10888 1st Support: 1.10488 1st Resistance: 1.11507 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.
Long
by ICmarkets
GBPAUD Will Fall! Short! Here is our detailed technical review for GBPAUD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.934. Considering the today's price action, probabilities will be high to see a movement to 1.928. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
AUD/JPY Clear breakthrough, trend trading.Hi guys, we are coming up with yet another fantastic opportunity, which we will express our attention onto Resistance and Support line. The AUD/JPY has been trading in a very tight range since the beginning of October up until now. There is an extremely strong resistance line which has been physically broken once sitting above the level of 101.700 , in between that time the pair has been trading just below the Resistance of 101.600 to it's lower end at the support of 99.778. For now my analysis would be targeting the lower end of 99.700 to 99.800 level and then for us to see another retest towards the two goals which I have set up as follows As a pending order - BUY LIMIT at level of 99.778 with following take profits - Take profit 1 : 101.161 Take profit 2 : 101.673 Enjoy this fantastic analysis which has brought me a lot of success the past two months, hence the fact that it was trading in a very obvious range and allowed for very easy entries to follow up and catch quite a few good pips of movement.
Short
by DG55Capital
EURAUD selling Trading IdeaHello Traders In This Chart EUR/AUD 4 HOURLY Forex Forecast By FOREX PLANET today EUR/AUD analysis 👆 🟢This Chart includes_ (EUR/AUD market update) 🟢What is The Next Opportunity on EUR/AUD 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 Charts
Long
by ForexMasters2000
MY EURAUD SHORT IDEA 24/11/2024NOTE: THIS IS JUST A TRADE IDEA WHICH I MAY OR MAY NOT TAKE DEPENDING ON THE OPPORTUNITY PRESENTED, PRICE ACTION, AND ECONOMIC EVENTS THAT MAY HAPPEN. PLEASE DO YOUR OWN RESEARCH! If text is glitchy please use this link regal-marlin-2d3.notion.site ! (prod-files-secure.s3.us-west-2.amazonaws.com) President Question Template: 1. Why do you want to trade at the first place? 2. Did you take into account the current market condition, data, high impact news and what’s going on? 3. Even if you made your FA few weeks ago, you **MUST** keep on track and update it time to time. 4. Don’t just have a bias from four weeks ago and execute a trade today based on that you had four weeks ago. So it all started looking at www.myfxbook.com and I looked at the heatmap where it showed bearish in all time frames for EURAUD especially in the Monthly. ! (prod-files-secure.s3.us-west-2.amazonaws.com) This gave me an idea to start shorting the currency. I looked at the chart and what I found is every economic event and data is bearish for the EURO. To support my claim you can see see that there there are many events happening on the chart and every event is putting pressure on the price. ! (prod-files-secure.s3.us-west-2.amazonaws.com) Now it is very important for me to take into account what James says here. www.elitetraders.io > **EURO Macroeconomic Factors:** > > > Eurozone growth remains sluggish, with subdued inflation limiting the European Central Bank’s (ECB) ability to pivot hawkishly. Trade challenges persist, especially with the potential for US tariffs on European goods. > > ‍ > > **Key Drivers:Wage Growth:** > > Higher-than-expected wage growth in Germany provides mixed signals for inflation. > > ‍ > > **Geopolitical Risks:** > > Ongoing trade tensions with the US and challenges in the energy sector weigh on sentiment. > > ‍ > > **Outlook:Short-term:** > > Limited upside amid weak macro data and geopolitical concerns. > > ‍ > > **Medium-term:** > > Gradual recovery if energy prices stabilize and ECB policies support growth. > > ‍ > > **Long-term:** > > Structural reforms and green transition initiatives could underpin stronger growth. > > AUD > **Macroeconomic Factors:** > > Declining energy prices and a weaker Australian-US interest rate spread have pressured the AUD. Domestic growth concerns persist, with a softening labor market and mixed performance in commodity exports. > > ‍ > > **Key Drivers:Monetary Policy:** > > The Reserve Bank of Australia (RBA) remains cautious, with markets pricing in a lower probability of rate hikes compared to peers. > > ‍ > > **Commodities:** > > Iron ore, a key export, faces headwinds from reduced demand in China, while the broad commodity complex shows mixed signals. > > ‍ > > **Outlook:Short-term (Next Week):** > > A slight rebound may occur if risk sentiment stabilizes globally, but volatility remains tied to Chinese economic data. > > ‍ > > **Medium-term (Months Ahead):** > > Modest appreciation expected if China's stimulus measures translate into higher demand for Australian exports. > > ‍ > > **Long-term (2025):** > > Structural improvements in trade balances and diversification in export markets could support AUD recovery. > According to what James has said, AUD will face some volatility in the next week for the short term according to risk sentiment stability and Chinese economic data. In the Medium term it depends on China’s stimulus measures which could translate into higher demand for Australian exports. As for EURO there are many weak macro data and geopolitical concerns with fear of US tariff on Euro. Euro must find good recovery in Energy prices in order for it to stabilize. Sentiment: ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) COT DATA EUR: ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) AUD: ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) So according to the sentiment data, we can see clearly that retail traders are favoring longing the position probably due to past price action where it bounces off of the price level 1.60425 and create a support zone. But even if hypothetically there is a support zone this zone is most likely about to get invalidated. Price is below 200 EMA signaling a bearish price action for the EURAUD and we can see lower lows on the RSI. As for the COT and SMART money we can notice that they are buying AUD and selling the EURO due to negative economic status on the EURO. ! (prod-files-secure.s3.us-west-2.amazonaws.com) Order book is showing 37 ASKS position vs 24 at the 1.62 zone. Signaling more Sell positions are present at that level giving a solid resistance zone. ! (prod-files-secure.s3.us-west-2.amazonaws.com) Calendar: ! (prod-files-secure.s3.us-west-2.amazonaws.com) AUD CPI expected to be 2.5% by WED NOV 27 which is BULLISH especially if the number is higher than 2.5%. ! (prod-files-secure.s3.us-west-2.amazonaws.com) EUR German Prelim CPI m/M ! (prod-files-secure.s3.us-west-2.amazonaws.com) We can notice that that inflation is cooling down. Correlations: I noticed negative correlation with AUDUSD and AUDCAD but there is also a positive correlation with EURJPY. ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com)
Short
by stingotho