Aud-usd
Bullish on the 1 HourWe made our trade analysis on this pair yesterday and we saw it play out our prediction.
This pair played out right according to our prediction.
We witnessed prices drop all the way to hit our 1 hour liquidity target. Market came very close to our 4 hour target but reversed Bullish.
On the 1 hour chart, the market has reversed Bullish. We have a new Panzy Pips Bolck (PB) to trade from and we have refined it to a small zone. Price is expected to drop into that zone. That is our first step to trading this pair. From that zone, we expect to see Bullish Reversals, to drive prices all the way up to our 1 hour liquidity target at 0.63790.
AUDUSD Buy confirmed if the 1D MA50 breaks.The AUDUSD pair has been trading within a Channel Down pattern since February 02. Yesterday it hit again Support 1 (0.62885) for the 3rd time in October and held it. The first hit was also on the Diverging Lower Lows trend-line of the Channel Down and even though there is still room before it hits the hard bottom of the pattern, the Bullish Divergence (Higher Lows) on the 1D RSI in the past 2 months, indicates that this is already a strong buying candidate.
If a 1D candle closes above the 1D MA50 (blue trend-line), something we haven't seen since July 31 2023, buying will be confirmed. Our target it at least the 0.5 Fibonacci retracement level at 0.66000. The June 16 rebound even hit the 0.618 Fibonacci retracement level, which currently is above the 1D MA200 (orange trend-line), a key long-term Resistance.
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✨ NEW: AUDUSD ✨ DAY TRADE ✨PA is already in the DEMAND ZONE, however, it's possible that it has a little more to go to the downside. So I've decided to TAKE A CHANCE at shorting low on the curve.
‼️ THIS IS AN AGGRESSIVE SHORTING OPPORTUNITY ‼️
SSO @ 0.6415 ⏳
TP1 @ 0.6315
⚠️ TREND
— Momentum: Big Picture Uptrend
— Price Action: Downtrend Retracement
— CounterTrend: YES (aggressive risk trade)
AUDUSD BEARISH SETUP|LONGHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity AUDUSD
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AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64100 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64100 support and resistance area.
Trade safe, Joe.
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.63800 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.63800 resistance zone.
Trade safe, Joe.
AUDUSD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring AUDUSD for a buying opportunity around 0.63600 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.63600 support and resistance area.
Trade safe, Joe.
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.63400 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.63400 support and resistance area.
Trade safe, Joe.
AUDUSD Potential DownsidesHey Traders, in tomorrow’s trading session we are monitoring AUDUSD for a selling opportunity around 0.64500 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.64500 support and resistance area.
Trade safe, Joe.
AUDUSD Sell due to rejection on Channel TopAUDUSD got rejection at the top of the medium term Channel Down and closed on the MA50 (4h) on Friday.
This is negating a Golden Cross on the (4h) time frame.
Trading Plan:
1. Sell on the opening market price.
Targets:
1. 0.63300 (Support 1).
Tips:
1. The MACD (4h) is on the verge of a Sell Cross, the same kind after the previous two Lower Highs on the Channel.
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Notes:
Past trading plan:
AUDUSD to stall at previous swing high?AUDUSD - Intraday
Buying pressure from 0.6331 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Preferred trade is to sell into rallies.
Previous resistance located at 0.6510.
We look to Sell at 0.6510 (stop at 0.6540)
Our profit targets will be 0.6435 and 0.6315
Resistance: 0.6550 / 0.6625 / 0.6680
Support: 0.6340 / 0.6275 / 0.6185
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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AUDUSD Very strong buy on 1 month stretchAUDUSD has held the bottom of the 2+ year Channel Down for 7 weeks straight.
With the exception of September 2022 (fundamentals) such trading action initiated a rebound to the 1week MA50 at least.
This is therefore a very strong buy opportunity to target the 1week 50. If it closes a week over it, you can extend buying to a little under the 1week MA100.
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AUDUSD, Massive BROADENING-WEDGE, Bearish Indications Setup!Hello There!
Welcome to my new analysis about AUDUSD on several timeframe perspectives. The AUDUSD continued with continuational bearish price-action as it pulled back from several levels to continue forming lower lows. Now a major consideration here is if this trend into the bearish direction is holding on and in my chart I detected major signs that such a continuation is highly likely as there are huge formations forming that are setting up the massive volatility waves to emerge.
As when considering the local timeframe perspective AUDUSD is forming this initial broadening-wedge-formation here which is going to activate targets below the 0.616 level. Once they are reached this will be even a part of a much larger formation which is actually a major broadening-wedge-formation, the fact that the price-action will also have formed a breakout below the preceeding trend-line that had the origins within the 2020 corona supply-shock bear-market breakdown lows.
The fact that AUDUSD is going to form the breakout below the lower boundary of the gigantic large global broadening-wedge-formation as well as below the preceeding massive corona-lows trendline based in 2020 will be the contribution to a much larger bearish trend-dynamic. Furthermore, a continued high inflation within the AUD area is going to raise the interest rates for this area which is likely to put more bearishness on AUD in combination with the strong DXY this is a combination from where bearishness is elevated.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64250 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64250 support and resistance area.
Trade safe, Joe.
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64600 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 0.64600 support and resistance zone.
Trade safe, Joe.
AUDUSD: Next pump will be a sell entry.AUDUSD is trading inside a Channel Down pattern since the start of the year with the price consolidating at the moment on its bottom. Naturally, the 1D technical outlook is bearish (RSI = 41.632, MACD = -0.003, ADX = 25.040), under both the 1D MA50 and 1D MA200. The LL was made marginally over Fibonacci 2.0 extension, so there is a strong symmetry with the prior bearish wave. If it continues, we should be expecting a new rejection a little over the 1D MA50 to a new LL. Our sell target will be on S1 (TP = 0.62730).
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AUDUSD Potential DownsidesHey Traders, in today’s trading session we are monitoring AUDUSD for a selling opportunity around 0.65500 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.65500 support and resistance area.
Trade safe, Joe.
AUDUSD Potential DownsidesHey Traders, in today’s trading session we are monitoring AUDUSD for a selling opportunity around 0.64600 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64600 support and resistance zone.
Trade safe, Joe.
AUD/USD Faces Headwinds Amidst USD Resurgence and Economic ...AUD/USD Faces Headwinds Amidst USD Resurgence and Economic Concerns
Introduction
The AUD/USD pair is experiencing a downward trend during the Asian trading session on Tuesday. It is retreating from a recent high near the 0.6450 level, currently trading around the 0.6420-0.6430 region. The Australian Dollar (AUD) is under pressure due to several factors, including renewed demand for the US Dollar (USD), expectations of further Fed rate hikes, a cautious market mood, and dismal economic data from both Australia and China.
USD Strength and Fed Expectations
The resurgence of the US Dollar (USD) is a significant factor influencing the AUD/USD pair's performance. The USD is witnessing renewed buying interest following an overnight decline. It appears to have temporarily halted its retracement slide from a six-month peak, which is contributing to the downward pressure on the AUD/USD pair. Market sentiment leans in favor of the US Federal Reserve (Fed) continuing its policy of tightening, keeping US Treasury bond yields elevated. This sentiment bolsters the USD and acts as a tailwind for the currency.
Furthermore, the cautious market mood is benefiting the Greenback's relative safe-haven status. Investor apprehension is contributing to the AUD's struggles as a risk-sensitive currency. Concerns are growing about the potential economic headwinds resulting from increasing borrowing costs, which is tempering enthusiasm for riskier assets.
Fed rate hike expectations are also a prominent driver of the USD's strength. The market is increasingly confident that the Fed will maintain higher interest rates for an extended period. Some officials even favor the idea of raising rates more aggressively, emphasizing their readiness to cut them later if necessary. This cautious approach by the Fed is fueling concerns about economic challenges stemming from rising borrowing costs, further affecting investor sentiment.
Australian Economic Concerns
The AUD/USD pair faces additional headwinds from dismal Australian economic data. Consumer confidence in Australia has taken a hit, falling deeper into pessimistic territory during September. The Westpac - Melbourne Institute Consumer Confidence Index plummeted to a dismal 79.7 for the month, marking the longest streak of readings below 100 since the early 1990s recession. This decline reflects concerns about the deteriorating economic conditions in China, a crucial trading partner for Australia. As a result, the path of least resistance for the Australian Dollar appears to be on the downside.
Upcoming Data and Market Sentiment
Traders are approaching the AUD/USD pair with caution as they await the release of crucial US consumer inflation figures scheduled for Wednesday. This data release will play a pivotal role in shaping market expectations regarding the Fed's future rate hike path. The reaction to these figures will likely drive USD demand and provide a fresh directional impetus for the AUD/USD pair.
Conclusion
The AUD/USD pair is facing a challenging environment marked by a resurgent US Dollar, expectations of further Fed rate hikes, a cautious market mood, and disappointing economic data from Australia and China. As traders await key economic releases, caution prevails, and the AUD/USD pair remains vulnerable to fluctuations. The pair's future trajectory hinges on the interplay of these factors, making it a crucial pair to monitor in the coming days.
Our preference
Below 0.64650 look for further downside with 0.6410 & 0.6380 as targets.