AUSSIE H1 Sweetpot! Buyers market!
Assie AUDUSD Long!
Taking a long position on this Aussie sweetpot—does it have potential? Let’s find out while locking in profits along the way.
Heed your DD!
AUDUSD
Here's a brief analysis of the chart for Gold Spot (XAUUSD) Here's a brief analysis of the chart for Gold Spot (XAUUSD) against the U.S. Dollar:
The chart shows an uptrend with higher highs and higher lows, indicating a bullish market. There are several "break of structure" (bos) points where the price has broken previous resistance levels, suggesting strong momentum. The current price is around 2,730.530, with a breakout at this level hinting at a potential upward movement towards the projected price target of 2,762.140. The resistance level is approximately 2,740.000, while there's a support zone marked by a shaded area below the current price.
Overall, the chart suggests that the gold price might continue to rise, making it a good time for bullish trades.
*Short-term target*: 2,740.000 - This is the immediate resistance level. If the price breaks above this level, it could move towards the next target.
2. *Medium-term target*: 2,762.140 - This is the projected price target if the bullish momentum continues and the price breaks through the resistance at 2,740.000.
Keep in mind that these targets are based on current market trends and technical analysis. It's always a good idea to monitor the market closely and adjust your strategy as needed.
Levels discussed on Livestream 21st Jan 202521st January 2025
DXY: If the price stays below 108.80, could see it trade lower to 107.80 (50% retracement)
NZDUSD: Looking for retrace to 0.5690 and reaction to 0.57 round number.
AUDUSD: Sell 0.6190 SL 20 TP 55
GBPUSD: Buy 1.2350 SL 50 TP 120
EURUSD: Could retrace higher, looking for reaction at 1.0460
USDJPY: Sell 156.20 SL 50 TP 100
EURJPY: Buy 161.20 SL 70 TP 120
GBPJPY: Buy 192.20 SL 40 TP 80
USDCHF: Could trade lower down to 0.9020 support
USDCAD: Sell 1.44 SL 30 TP 90
XAUUSD: Currently 2730, price stays above 2720 could trade up to 2760
Why dips appear favourable for AUD/USD bullsTrump's reluctance immediately sign an executive order to implement tariffs on China has allowed the yuan to rise against the US dollar. And where the yuan goes, AUD/USD tends to follow these days. And give AUD/USD has already seen an extended move to the downside, some bullish mean reversion is surely due.
The weekly RSI reached oversold ahead of a false break of the 2022 low, and a bullish divergence also formed on the daily RSI. A higher low has formed on prices, and I suspect AUD/USD is due at least one more leg higher.
Bulls could seek dips towards 0.621 or the 10/20-day EMAs in anticpation of a move up towards the August low, a break above which brings 65c into view near the high-volume node (HVN) from the decline from September to January.
Matt Simpson, Market Analyst at City Index and Forex.com
AUDUSD potential buyMy last idea on this pair did move up & hit TP1 as I predicated. An order block was previously on the same level as TP1 from last week is now gone indicating that this price might move back up.
As this is a long term trade it might take a few days to play out so my prediction is that it move down to retest the green oderblock then bounce up. I would exit at TP1 again and it it breaks past TP1 trail stop till you reach TP3
AUD/USD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
AUD/USD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.616 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the AUD/USD pair.
✅LIKE AND COMMENT MY IDEAS✅
Ghost Traders FX AUD/USD Trend Continuation [SHORT]The Ghost Traders FX gang has been taking shorts pretty much off every pump for very easy wins, as per last idea for Short, price is still yet to take the weak low which I would attribute to just manipulation & speculation in the market during Trump's Inauguration week.
My bias is still short until 0.613 is taken and 0.6 - 0.611 is tapped into.
Trade Record for GTFX stands at 126 wins, 17 breakevens, 7 losses with a 94%+ W/R & +2670 pips gained.
Best of luck to everyone.
Could the Aussie bounce from here?The price is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 0.6179
1st Support: 0.6130
1st Resistance: 0.6284
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.
AUD_USD WILL FALL|SHORT|
✅AUD_USD will be retesting a resistance level of 0.6300 soon
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
AUDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.61700 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.61700 support and resistance area.
Trade safe, Joe.
Aussie H4 | Approaching swing-high resistanceThe Aussie (AUD/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6242 which is a swing-high resistance.
Stop loss is at 0.6312 which is a level that sits above the 38.2% Fibonacci retracement level and a swing-high resistance.
Take profit is at 0.6135 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
The Aussie has a strong bearish momentum, could it drop further?The price is rising towards the pivot which is a pullback resistance and could drop to the pullback support.
Pivot: 0.6250
1st Support: 0.6144
1st Resistance: 0.6301
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.
AUDUSD (4H) UT ANALYSIS🔹 Current Market Overview:
The AUD/USD pair is trading at a current price of 0.62085 . Recent price movements suggest consolidation near this level, forming a potential base for upward momentum.
📈 Buy Signal Details:
Entry Price: 0.6243
Stop Loss: 0.61994
Take Profit: 0.62866
🔹 Key Observations:
Trend Analysis:
The pair is recovering from oversold conditions on the 4-hour timeframe.
RSI indicates neutral-to-bullish momentum, currently hovering near the 50-55 range .
Support and Resistance Levels:
Strong support identified at 0.6190–0.6200 .
Immediate resistance is observed at 0.6240–0.6250 , aligning with our entry point.
Volume Analysis:
Buying pressure is building, with consistent above-average volume near 0.6200 .
🔹 Strategy Commentary:
A break above 0.6243 confirms bullish momentum and validates the buy entry.
A well-placed stop loss at 0.61994 ensures minimal downside risk.
The take-profit target at 0.62866 aligns with the upper channel of recent price action, offering a favorable risk-to-reward ratio.
🔹 Risk Management Tips:
Consider monitoring economic events that may impact AUD, such as commodity price trends or Reserve Bank of Australia announcements.
Adjust your position size based on your risk tolerance, ensuring the total loss from the stop loss remains within your acceptable limits.
AUDUSD - ANALYSIS👀 Observation:
Hey traders! Here’s my analysis for the AUD/USD pair. I’m currently expecting a small pullback before the price continues its downward trend. My first target for this move is between 0.60780 and 0.60430 .
However, if the Australian Dollar breaks above 0.63022 on the 1H timeframe and holds, I anticipate a pullback towards higher levels on the higher timeframes.
📉 Expectation:
Downward movement towards 0.60780 - 0.60430 , unless 0.63022 is broken.
If 0.6322 is broken to the upside, expect a pullback on higher timeframes.
💡 Key Levels to Watch:
Target Range: 0.60780 - 0.60430
Resistance to break: 0.63022
💬 What’s your take on AUD/USD? Let me know your thoughts in the comments below!
Trade safe
Weekly FOREX Forecast Jan 20-24thThis is an outlook for the week of Jan 20-24th.
In this video, we will analyze the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The USD is at a higher time frame Supply Zone. This coincides with the Inauguration Day for Trump. The USD Index will potentially start to turn over here, if the 2016 Inauguration Day is used as a model. No selling until a bearish break of structure! But stay vigilant, and be careful buying into a HTF Supply Zone!
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
AUD/USD: Neutrality Emerges in the Bearish ChannelThe dominance of the US dollar, driven by expectations of a high interest rate (4.5%) from the Federal Reserve as the annual CPI (2.9%) remains far from the 2% target , has weakened the Australian dollar in the short term. The AUD/USD has lost 11% of its value since late September 2024, and for now, neutrality has taken over the market as the next Federal Reserve decision (January 29) approaches.
Bearish Channel
The bearish channel stands out as the most significant technical formation on the chart currently. The price has consistently adhered to oscillations between the channel’s upper and lower boundaries. However, recent minor bullish corrections have led to price stagnation near the support zone, which aligns with the channel's current upper boundary. Over time, this could challenge the integrity of the bearish formation, particularly if short-term buying pressure continues to build.
Neutral Movements
The ADX indicator line remains above the neutral zone of 20 but has started to decline steadily from its recent highs in the 40 range.
The TRIX line continues to oscillate below the neutral 0 zone, indicating that the average movements of the exponential moving averages have been predominantly bearish. However, the line’s slope has turned positive and is gradually approaching the neutral zone in the short term.
Both indicator trends suggest that the long bearish momentum might be experiencing a period of exhaustion, coinciding with the neutrality generated by the current support zone. If this effect persists, the existing bearish channel may struggle to generate new lows in the coming sessions.
Key Levels
0.62906: Current resistance level. Persistent oscillations near this level could ultimately invalidate the current bearish channel formation dominating the chart.
0.61929: A key support level, responsible for halting the long bearish trend. It aligns with recent weekly lows and the upper boundary of the bearish channel. Sustained oscillations below this level could signal a new phase of selling pressure and revive the current bearish trend.
By Julian Pineda, CFA - Market Analyst
AUDUSD: Channel Down targeting 0.61000AUDUSD is bearish on its 1D technical outlook (RSI = 41.051, MACD = -0.004, ADX = 18.547) as it is trading inside a 3 month Channel Down. As long as it is below the 4H MA200, the trend remains bearish and according to the 4H RSI fractal we are on November 25th 2024 levels. Sell the next bounce (TP = 0.61000).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
GBPUSD CORRECTIONSeems like an error for now, we hope it ll do like the blue line shows ;
we forecasted the red line, but it is not working out as we thought it would.
Seems like more lower KL have to be reached with a growing RSI and a more and more obvious divergence. Stay advised.
EURUSD GOING UPEUR/USD: Why It’s Heading Higher
Technical Analysis:
The EUR/USD is showing bullish momentum, breaking above key resistance levels. The pair is trading above its 50-day and 200-day moving averages, confirming an uptrend. A bullish crossover in the MACD and rising RSI suggest further upside potential. Key resistance is at 1.10, with support holding strong at 1.085. A breakout above 1.10 could open the path toward 1.12.
Fundamental Analysis:
The Euro is supported by robust economic data, including better-than-expected PMI figures and hawkish signals from the ECB. Meanwhile, the USD is under pressure as the Fed signals a pause in rate hikes amid cooling inflation. Diverging monetary policies and improving sentiment in the Eurozone favor further EUR/USD gains.
Keep an eye on upcoming ECB speeches and U.S. employment data for potential volatility.
#AUDUSD WEEKLYAUDUSD (Weekly Timeframe) Analysis
Market Structure:
The price is currently testing a channel support level that has consistently acted as a strong base for upward movements in the past. This indicates a potential area for bullish momentum to emerge if the support holds.
Forecast:
A buy opportunity is anticipated if the price confirms a bounce from the channel support, signaling a potential move toward the upper boundary of the channel.
Key Levels to Watch:
- Entry Zone: Near the channel support level after confirmation of a bounce.
- Risk Management:
- Stop Loss: Placed below the channel support to limit downside risk in case the pattern fails.
- Take Profit: Target the midline or the upper boundary of the channel for potential upside gains.
Market Sentiment:
The price action at the channel support reflects a possible bullish sentiment, with buyers likely to regain control if the support remains intact. Waiting for confirmation of a bounce is recommended before entering the trade to ensure alignment with market direction.
#AUDUSD 1HAUDUSD (1H Timeframe) Analysis
Market Structure:
The price has broken below a key trendline support, indicating a potential shift in market momentum toward the downside. The breakdown suggests that buyers could not maintain control, and selling pressure has begun to dominate.
Forecast:
A sell opportunity may arise if the price retests the broken trendline as resistance and confirms rejection, signaling further bearish movement.
Key Levels to Watch:
- Entry Zone: After the price retests the broken trendline and shows signs of rejection.
- Risk Management:
- Stop Loss: Placed above the retest level or the recent swing high to manage risk.
- Take Profit: Target the next support levels or significant price zones below for potential downside objectives.
Market Sentiment:
The breakdown of the trendline support highlights a bearish sentiment in the short term. Waiting for a retest provides a more strategic entry point, minimizing risk and aligning with market confirmation. Proper risk management is essential.
Bearish drop?The Aussie (AUD/USD) has reacted off the pivot and could drop to the 1st support that lines up with the 127.2% Fibonacci extension.
Pivot: 0.6218
1st Support: 0.6181
1st Resistance: 0.6246
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.
USD/JPY : Ready for more Fall?! (READ THE CAPTION)Upon analyzing the USD/JPY chart in the daily time frame, we see that the pair is currently trading around the 157.060 level. Given the recent price action, I anticipate a significant correction in USD/JPY in the near future.
The first potential target for this decline is 156.25, so keep a close eye on this level! Stay tuned for updates as we track this movement together.
Let me know your thoughts in the comments below!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
