AUDUSD Potential for Bullish Continuation | 2nd August 2022On the H4, with price moving above the ichimoku cloud and going along the ascending trend channel, we have a bullish bias that price will rise from the buy entry at 0.70538, where the 61.8% fibonacci retracement is to the take profit at 0.71534 at the swing high and 78.6% fibonacci retracement . Alternatively, price may reverse off buy entry and drop to the stop loss at 0.68970 at 38.2% fibonacci retracement .
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Aud-usd
AUDUSD BUY Trading with the trendA well established bullish trend on the lower end time frames has formed giving a strong opportunity for an entry here. Both volume and the RSI's are lower indicating a good time to enter in line with the trend. We have entered long and will look to capture 50-80 pips from this 0.69300 level. Good luck
AUDUSD at the lower end of a bullish channelAUDUSD - Intraday - We look to Buy at 0.6950 (stop at 0.6905)
We are trading at overbought extremes. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. The trend of higher lows is located at 0.6911. We look to buy dips.
Our profit targets will be 0.7075 and 0.7170
Resistance: 0.7170 / 0.7285 / 0.7430
Support: 0.6915 / 0.6680 / 0.6540
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.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
AUDUSD Potential for Bullish Continuation | 2nd August 2022On the H4, with price moving above the ichimoku cloud and going along the ascending trend channel, we have a bullish bias that price will rise from the buy entry at 0.70538, where the 61.8% fibonacci retracement is to the take profit at 0.71534 at the swing high and 78.6% fibonacci retracement. Alternatively, price may reverse off buy entry and drop to the stop loss at 0.68970 at 38.2% fibonacci retracement.
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 looking up 🦐AUDUSD on the 4h chart after a downtrend that started from the 0.7600 level reached the weekly support at the 0.67500 area and bounced over it.
The market after a couple of attempts to break the support area started a retracement to the upside and broke the 0.68500 zone.
How can i approach this scenario?
I will wait fro a clear break of the 0.7000 resistance and in that case i will look for a nice long entry according to the Plancton's strategy rules.
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Follow the Shrimp
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
AUDUSD Potential for Bullish Continuation | 1st August 2022On the H4, with price moving above the ichimoku cloud and going along the ascending channel, we have a bullish bias that price will rise from the buy entry at 0.69916 to the take profit at 0.70316 at the swing high. Alternatively, price may reverse off buy entry and drop to the stop loss at 0.68970 at 38.2% fibonacci retracement. Take note if the price breaks the take profit, it may rise to the resistance at 0.70663, which is in line with the swing high.
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 4hour Analysis July 31st, 2022AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action is very bullish and is currently resting near 0.70000, a major zone.
One likely scenario is that bullish momentum continues. Look for a break of 0.70000 with a higher low above.
Trade scenario 2: For us to consider AU bearish we first need to see a break of 0.69500 support with a lower high below. Look to target lower toward 0.68500.
Stalling momentum indicates a turnaround is possible on AUDUSDAUDUSD - Intraday - We look to Sell at 0.7005 (stop at 0.7050)
Daily signals for sentiment are at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies.
Our profit targets will be 0.6875 and 0.6680
Resistance: 0.7170 / 0.7430 / 0.7660
Support: 0.6915 / 0.6680 / 0.6540
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.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
AUDUSD Potential for bullish momentumOn the H4, with price moving above the ichimoku cloud and breaking out of the descending trend channel and moving in an ascending support, we have a bullish bias that price will rise to the buy entry at 0.69885 at the overlap resistance in line with the 78.6% fibonacci retracement. Once there is upside confirmation of price breaking entry structure, we would expect bullish momentum to carry price to the take profit at 0.70677 at the swing high resistance. Alternatively, price may reverse off entry structure and drop to the stop loss at 0.68966 at the pullback support.
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AUDUSD 4hour Analysis July 25th, 2022AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: AU is looking very bullish since we broke back above our daily 0.68500 zone.
Going into this week price action is strongly suggesting we will continue bullish so either price action will rally from where it is now and shoot higher toward 0.70000 or we will have a great opportunity to enter on a higher low (the blue trade path)
Trade scenario 2: If we are to consider AU bearish again we would need to see a break back below 0.68500 with a confirmed lower high.
AUD/USD Outlook (25 July 2022)The AUDUSD climbs from the support level of 0.67 following RBA Gov Lowe's comments about expecting further interest rate increases as the RBA tries to stem inflation growth.
Price reached 0.6950 on Friday as the DXY weakened due to contractionary PMI data, before retracing to test the round number support of 0.69
With the hawkish AUD and dollar weakness expected to continue in the lead-up to the Federal Reserve rate decision on Thursday morning, look for further upside on the AUDUSD.
The next resistance level is at 0.7050 which also coincides with the resistance of the upward channel.
AUDUSD Supply And Demand Analysis-Current trend = downtrend/ sideways
-Price inside 4hr RBD supply
-Strong dollar + weak AUD
-Looking for shorts on 5/15min timeframe
but waiting for 2x confirmation + a quality zone.
AUDUSD 4hour Analysis July 17th, 2022AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are clearly overall bearish on AUDUSD but price action has been bouncing between 0.68000 resistance & 0.67000 support for a while.
The most likely scenario is a bearish continuation. Look for strong reversals from 0.68000 to then target lower. We are technically in a range so high quality price action setups only will be considered close to 0.68000
Trade scenario 2: For us to shake the bearish trend and consider AU more bullish we would need to see a massive rally that breaks 0.68500. This is where we have significant 4hour bearish structure that needs to be broken.
After a break of 0.68500 we want to see bullish structure above 0.68500 in the form of a higher low.
AUDUSD a turn at the 0.786 🦐AUDUSD on the 4h chart after the recent low over the daily support retraced to the 0.786 Fibonacci.
The price is now creating an inversion after a double test of the resistance sructure.
How can i approach this scenario?
I will wait for the EU market open and if the market will break below will set a nice short order according to the Plancton's strategy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger