AUDUSD:Weak USD performance and potential upsidesHey traders, market is pricing a lot of hawkishness from fed due to the recent data.. but the market choose to rebalance and dollar remains indecisive prior to CPI data.. so from now on since the rate hikes are priced in i think we may get good opportunities selling the dollar against commodities... also a weak dollar could give us good opportunities to be bullish on stocks, cryptos along with AUD and NZD.
Remember that this is not a financial advice and we are speaking just theories.
technically we noticed a decent breakout in AUDUSD so if it retraces from 0.675 zone that should be a good push for bulls.
Trade safe, Joe.
Aud-usd
AUDUSDHi
AUDUSD 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 Potential Forecast | 1st March 2023Fundamental Backdrop
1. USD more hawkish than AUD, with a potentially higher terminal rate.
2. US economy continues to be very resilient, taking the USD by strength.
Technical Confluences
1. The overall bias for AUDUSD on the H4 chart is bearish.
2. Price is on a bearish trend, forming lower lows and lower highs.
3. Price could potentially retrace to the H4 resistance level at 0.678.
4. Anticipating price to retest the weekly support level at 0.662.
5. Price has already broken multiple structures to the downside.
6. Price is resting below the ichimoku cloud, signifying bearish intent.
Idea
I will be looking for price to continue its bearish trend and for price to tap into the weekly support level at 0.662 before price could potentially head bullish.
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AUDUSD Outlook 1st March 2023Overnight, the AUDUSD fluctuated between the 0.67 and 0.6760 price range as the DXY retraced lower but recovered in strength toward the end of the trading session.
Early this morning, the AUD CPI was released at 7.4% (Forecast: 8.1% Previous: 8.4%) which was significantly lower than expected. This signals that the ongoing interest rate hikes from the RBA are taking effect in lowering inflation in Australia.
However, a cost of the significant rate increases is the slowdown in the economy as the Australian GDP slid to 0.5% (Forecast: 0.8% Previous: 0.7%).
The AUDUSD traded lower to test the 0.67 support level but rebound strongly to the upside, testing the bearish trendline.
If the price breaks above the trendline, the AUDUSD could see further moves higher toward the near-term resistance area of 0.6780 before continuing with the downtrend, retesting the 0.67 round number support level and breaking below that. Beyond 0.67, the next key support level is 0.6630.
AUD/USD: The price continues to fall as predicted. SHORTAs described in our last idea, AUD/USD, after the breakout of the dynamic trendline and the SELL signal appearing in our chart, is falling with a new direction of 0.65500 as the target. More downside in the Aussie asset looks favored as investors are channeling their funds into the US Dollar Index (DXY).
AUDUSD Potential Drop to Previous overlap supportLooking at the H4 chart, my overall bias for AUDUSD is bearish as the current price is below the Ichimoku Cloud. Looking for a pullback sell entry at 0.68324 where the recent overlap resistance is. We are looking to take profit at 0.66505 where the overlap support and 50% Fibonacci line are, Stop loss will be placed at 0.69233 where the recent overlap swing high is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUDUSD - Good ol' Head & Shoulder in the making AUDUSD has been hit pretty strong by the news that popped up an hour ago, USD getting more and more strengh as it showed more inflation than expected.
Here we have a nice Head & Shoulder in the making, and price is grinding the neck line as I'm writing,
I'm already in position, as I've entered a little bit before the news, my trade is at break even now so, it's a free ride
If price happens to break the neck line, well then, we gonna see some blood on the chart!
In addition of the H&S we have what could be an ABCD push in process as well. And finally, as you can see on the chart, we first broke the ascending trendline, then price made a flag right around the trendline, which it used to retest the trendline, then, price broke the flag, and retested it so, I'm no expert but, that's a lot of evidences going in favor of a short, I wouldn't be surprised if the neck line was broke, to see price fall to the target area at 0.675
Cheers guys and safe trading!!!
AUDUSD low risk for shortHi guys!"
AUDUSD 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.
j.Hejazi | AUDUSD Wedge PatternThe Australian dollar is moving in a descending wedge pattern. Currently, the price is heading towards a corrective phase to test the upper edge of the wedge, which is also a convergence of an ascending annual trendline and a 100-period moving average on the 4-hour timeframe, at a level of 0.69400. I anticipate a price reversal from this level to continue its trajectory inside the pattern, with the next potential target being 0.6800.
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AUDUSD bias is still for lower levels.AUDUSD - Intraday - We look to Sell at 0.6885 (stop at 0.6925)
Buying pressure from 0.6794 resulted in prices rejecting the dip.
We are trading at oversold extremes.
A higher correction is expected.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 0.6785 and 0.6765
Resistance: 0.6925 / 0.7160 / 0.7400
Support: 0.6780 / 0.6665 / 0.6550
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AUDUSD Potential for Bearish Drop | 23rd February 2023Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a sell stop entry at 0.68118, to ride the bearish momentum. Stop loss will be at 0.68963, where the 38.2% Fibonacci line and overlap resistance is. Take profit will be at 0.66862, where the overlap support is.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDUSD Potential for Bearish Drop to Overlap Support Looking at the H4 chart, my overall AUDUSD is bearish, as the current price is above the Ichimoku Cloud. Looking for a pullback sell entry at 0.69231 where the overlap resistance is, take profit at 0.66746 where the overlap support is, and stop loss at 0.70428 which is the recent swing high.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUDUSD Potential for Bearish Drop | 22nd February 2023Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a sell stop entry at 0.68118, to ride the bearish momentum. Stop loss will be at 0.68963, where the 38.2% Fibonacci line and overlap resistance is. Take profit will be at 0.66862, where the overlap support is.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDUSD H1: Bearish outlook seen, further downside below 0.6920On the H1 time frame, prices are facing bearish pressure from the resistance zone at 0.6920, in line with the 61.8% Fibonacci retracement. A pullback to this zone presents an opportunity to play the drop to the support zone at 0.6820, in line with the graphical low and 50% Fibonacci extension. Stochastic is approaching resistance as well where we could see a further downside below this level.
AUDUSD Potential for Bearish Drop | 21st February 2023Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 0.68963, where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 0.70114, where the 50% Fibonacci line and overlap resistance is. Take profit will be at 0.66862, where the overlap support is.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDUSD Potential for Bearish drop to 50% Fibonacci Line Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud, and the ascending trend line has been broken, indicating a change in market structure.
Looking for a sell entry at 0.68797 which is the overlap support, take profit at 0.66578 where the 50% Fibonacci line is, and stop loss at 0.70110 where the recent swing high is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUDUSD Potential for Bearish Drop | 20th February 2023Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 0.68963, where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 0.70114, where the 50% Fibonacci line and overlap resistance is. Take profit will be at 0.66862, where the overlap support is.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDUSD:Potential Breakout due to strong USD envrionmentHey Traders, based on the last strong NFP numbers that were out of expectations with 517,000 new jobs created in January, retail sales smashing expectations of 1.9% with 3%, CPI and other strong USD data we can notice that the market is pricing more rate hikes, and we expect the USD to continue outperforming until the next fed decision on March that will clarify more the USD path. in case of a breakout on AUDUSD chart i would monitor a retrace around 0.685 zone.
i would also like to give a risk management advice to traders, i personally risk between 0.5% to 2% per trade so even if i'm in the wrong path that would take me a bunch of consecutive losing trades to get my account marginated which is too far. so for example if you risk 1% per trade that will take you more than a hundred consecutive losing trades to lose your account. but if you risk 10 times the recommended amount for example a 20% risk per trade that means 4-5 consecutive losing trades will knock your account out from the market.
Please feel free to ask me questions regarding fundamentals and technicals in the comment section!
Trade safe, Joe.
source of USD data: www.forexfactory.com
AUDUSD potential for Bearish Drop to recent swing low Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud, and the ascending trend line has been broken, indicating a change in market structure.
Looking for a pullback sell entry at 0.69308 where the 23.6% Fibonacci line is, and take profit at intermediate support at 0.68847 where the 38.2% Fibonacci line is and stop loss placed at 0.70129 where the recent swing high is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.