AUDJPY - Long SellLooking to take the ride all the way down, set proper risk management. Happy trading
Aud-usd
AUDUSD Pre Cash Rate Forecast| 3rd April 2023Fundamental Backdrop
1. The upcoming Cash Rate on Tuesday is expected to increase from previous 3.60% to 3.85%
2. This could cause a roughly 75-150 pip drop based on past data if the RBA statement is seen as Dovish.
Technical Confluences
1. Price reflected off resistance at 0.67400
2. Near-term support at 0.66400
3. Next support below at 0.66000
Idea
If the Cash Rate comes out as expected at 3.60% and the RBA statement is DOVISH , we could see price break the near-term support at 0.66400, before heading towards the next support below at 0.66000.
Alternatively, if the Cash Rate comes out as expected at 3.60% and the RBA statement is HAWKSIH, we could see price head back up towards the resistance at 0.67400.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
AUDUSD ShortWe are looking at AUDUSD Shorts,
We are aware of the BRICKS news going around on Instagram however that's nothing new rn it has been online going around since 2015, and we may or may not see the debasement of the dollar in our lifetimes... Dollar, USA is an "empire" of sorts. They have the ultimate power over their currency allowing themselves to print as much as they need... (Yes we are aware that this is a double-edged sword...)
The outflow of peoples savings from deposits to the MFF (Money Market Funds) are the biggest in decades. MFFs are for example the US Treasury (Yanet Jellen).....
Please don't hesitate to discuss with us! We love some good discussion in the comment section!
AUDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.667 zone, AUDUSD is trading in an uptrend and extending pullbacks seems to be approaching the major trend around 0.667 support zone. if the rejection is confirmed i would consider 0.675 as a target as it's considered the channel resistance and the next major supply area AUDUSD will be facing. Fundamentally the environment of USD is weak since inflations tensions have eased and that signals less restrictive upcoming monetary policies.
Trade safe, Joe.
AUDUSD gains to be capped at recent spike?AUDUSD -
Prices spiked higher and stalled at resistance in early trade.
Further selling pressure led to a reversal in price action.
The 200 day moving average should provide resistance at 0.6731.
The medium term bias remains bearish.
Previous resistance located at 0.6755.
Preferred trade is to sell into rallies.
24h expiry - We look to Sell at 0.6755 (stop at 0.6785)
Our profit targets will be 0.6675 and 0.6550
Resistance: 0.6780 / 0.6925 / 0.7160
Support: 0.6665 / 0.6550 / 0.6380
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
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AUDUSD Long Forecast| 31st March 2023Fundamental Backdrop
1. China's Purchasing Managers' Index (PMI) beat expectations, indicating that the economy is improving faster than expected
2. This can help further strengthen the AUD because China is Australia's largest trading partner.
Technical Confluences
1. Price at the 0.67200 support level
2. Near term resistance at 0.67500
Idea
With a medium bullish bias for AUD today, we could see price head up towards the near term resistance at 0.67500.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
AUDUSD Short Forecast Post-CPI | 29th March 2023Fundamental Backdrop
1. The AUD CPI y/y dropped from 7.4% to 6.8%, which is also worst than expected of 7.2%.
2. This suggests that the Australian economy is not doing as well as previously thought.
3. It could lead the RBA to lower interest rates in the future which could lead to a depreciation of the currency.
Technical Confluences
1. Price at the 0.67100 resistance level
2. Near term support at 0.66750
Idea
With a strong bearish bias for AUD today, we could see price head down towards the 0.66750 support level.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
AUDUSD Outlook 29 March 2023The AUD CPI y/y was released at 6.8% (Forecast: 7.2% Previous: 7.4%) which indicates a significant slowdown in inflation growth for the Australian economy.
Following the data release, the AUDUSD traded slightly lower from 0.6710 down to 0.6690, as the slowdown in inflation growth signaled the increased potential for the RBA to pause on future rate hikes. However, with inflation at 6.8%, this is still high above the RBA's 2% target level.
As the AUDUSD trades along the 0.67 price level, the price could continue to consolidate along the round number level, with the upward trendline supporting a breakout to the upside, especially if the DXY continues to weaken.
AUDUSD trade ideaTrade idea:
wait for market to break support,
wait on re-test
after wick rejection at zone of resistance enter bearish
SL above structure
TP 3x risk
else,
Wait for market to retract to resistance
after wick rejection wait for break of support level and on retest wait for wick rejection this will give enough confluence to enter short
SL above structure
TP 3x risk
when market touch support it gradually moves up to resistance
when touching resistance it gradually moves to support until structure no longer holds, and breaks through
market in an up channel
looking for selling opportunities
market was at low price rejecting bottom up trendline
best possible sell will be at channel resistance or break below support and wait on retest
about 400 pips away from daily fib target at current price
NZDUSD Bearish Development, Watch For Sell
Hello traders:
Here on NZDUSD, we can see price is currently consolidating in a possible bearish correction structure.
After the initial bearish impulse move, the price fails to break the previous swing highs, and begin to form the current correction.
This is usually a good sign that the bearish momentum is still strong and more continuation is very possible.
Wait for lower time frame development to confirm the bearish trend to the next swing lows.
AUDUSD: Bearish signal below 0.6680AUDUSD pair successfully broke below the wedge pattern as I mentioned in the previous analysis. However, it seems that more liquidity is needed to support the downward movement. It's likely that the price will undergo a corrective movement towards the level of 0.6680, which is a very important level where the broken trendline, Fibonacci level 23.60, and the moving averages 50 and 100 on the 4-hour timeframe converge. Additionally, the point of control (POC) is also located at that level, as shown on the volume profile indicator. Any sign of reversal from this level will be considered a bearish signal towards 0.65970.
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Bearish Entry Signal in AUDUSD at 0.66685 LevelThe AUDUSD is moving sideways in a continuation flag pattern. However, there is a clear resistance from top to bottom on the daily timeframe. If we look at the 4-hour timeframe to analyze the upcoming movement, we find that the price is touching the local uptrend line and also the 50 and 100 moving averages for the 4-hour timeframe. From here, I expect the price to rebound slightly higher, and then break the pattern with clear momentum at the level of 0.66685. Breaking this level and stabilizing below it can be considered a bearish entry signal, with the target being 0.660 and then 0.657.
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AUDUSD Can Push Lower, Wait For Sell Setups
From previous outlook and forecast, we can see price has indeed pushed lower impulsively on the mid time frame.
Now we can see price has already break previous lows, and start to consolidate again. This is good sign for more downside from the price, as long as a continuation correction is formed here.
This week, wait for the correction to complete, to confirm another impulse phase on the lower time frame.
Be careful price sometimes has tendency to turn the current correction to be a reversal, so break above the highs and form bullish price action will void this forecast and outlook.
AUDUSD:Bullish Stock market and potential upsidesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.66800 zone, AUDUSD is trading on an uptrend and now seems to be in a correction phase in which is approaching the major trend around 0.668 Support and Resistance zone. Fundamentally last day FOMC was just dovish and fed seems to slow down, considering also the indices are on a strong bullish momentum that gives good chances to AUDUSD to rally due to the positive correlation between AUDUSD and the stock market.
Trade safe, Joe.
AUDUSD a turn at the 0.786 🦐AUDUSD on the 4h chart after our previous analysis has played as expected (link below) with a retest of the weekly resistance.
We can notice how after the recent low the price provided a perfect retracement to the .786 Fibonacci level which is also known as one of the key levels for a potential inversion.
The trend in fact remains bearish with a series of lower lows and lower highs and for this reason our main bias remain to look for a short bias.
How can i approach this scenario?
I will look for a potential break of the 4h support and if that will happen i will set a noce short order according to the Plancton's strategy rules
AUDUSD Outlook 22 March 2023The AUDUSD traded with significant volatility overnight as the price reversed strongly from the 0.6730 resistance area to trade down to the 0.6650 price level.
However, the 0.6650 price level coincides with the 61.8% Fibonacci retracement level and resisted further downward moves.
Currently the price is trading just below the round number level of 0.67 which also aligns with the shorter term fib retracement level of 61.8%
If the price is able to break above the 0.67 price level, the AUDUSD is likely to continue trading up to the 0.6730 resistance level.
A bigger move to the upside would be driven by the possible weakness in the DXY, especially with the FOMC decision due.
The next resistance level beyond 0.6730 is at 0.6780 and 0.6825.
AUDUSD - INTRADAY LONGSSeems that price is starting a short term pull back. Projecting that price will be long for a short period. Long term trend is still bearish
AUDUSD Outlook 20th March 2023The AUDUSD traded in a very similar fashion to the NZDUSD, where the price has climbed steadily higher due to the weakness of the DXY.
The AUDUSD broke strongly above the 0.67 round number resistance level which aligns with the 61.8% Fibonacci retracement level and the upward move was supported by the bullish trendline.
Early in the trading session today, the AUDUSD retraced down to retest the 23.60 fib retracement level and the trendline but failed to break lower.
Anticipating further DXY weakness, the AUDUSD could continue to trade higher toward the next resistance level of 0.6780, especially if the price breaks above the previous high of 0.6730
AUDUSD Long Forecast | 20th March 2023Fundamental Backdrop
1. RBA Assist Gov Kent Spoke earlier
2. Key take away points are that
- The Reserve Bank of Australia needs to raise interest rates to maintain economic stability.
- The current low interest rate environment is not sustainable in the long run.
- A gradual increase in rates is necessary to ensure the economy remains healthy.
3. Bullish bias on AUD today.
Technical Confluences
1. Price at the 0.66900 support level
2. Next resistance at 0.67750
Idea
With a strong bullish bias for AUD today, I'm expecting price to possibly head towards the next resistance at 0.67750.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
AUDUSD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring AUDUSD for a selling opportunity around 0.675 zone, attempting to capitalize on a potential AUDUSD downtrend, i'm watching the support and resistance level of 0.675 while considering the breakout of an uptrend. the plan is to watch the retrace around the same zone.
Trade safe, Joe.
AUDUSDAUDUSD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
AUDUSD Post-News Long Forecast | 16th March 2023Fundamental Backdrop
1. Employment Change increased from -10.9k to 64.6k. The result was also better than the forecast of 49.7k
2. Unemployment Rate dropped from 3.7% to 3.5%. The result was also better than the forecast of 3.6%
3. We haven't seen both having good results since 17th November 2022 which saw a roughly 90 pip rise within the day.
4. The bias for AUD today is on a strong bullish side.
Technical Confluences
1. Price at the 0.66400 support level
2. Next resistance at 0.66900
Idea
With a strong bullish bias for AUD today, I'm expecting price to possibly head towards the next resistance at 0.66900.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
