WEEKLY FOREX FORECAST SEPT 23-27 USD EUR GBP AUD NZD CAD CHF JPYThis is Part 2 of the Weekly Forex Forecast for SEPT 23-27th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
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.
AUDUSD
2 Pairs, 1 Stock (AUD/USD, AUD/JPY, LCID)Hey everyone!
I wanted to take some time and put together a quick video of some pairs and a stock I've been keeping analysis on!
Interest Rate Cuts for USD will be felt in all financial markets!!
Here I point out:
AUD/USD - Weekly Pennat
AUD/JPY - Weekly Correction Pullback
LCID - Fibonacci Levels
Let me know what you think!!
Friday's Livestream Analysis20th September
DXY: Currently at 100.60 consolidating , should trade lower, to 100.20 and could test 100 round number level.
NZDUSD: Buy 0.6260 SL 20 TP 70
AUDUSD: Buy 0.6840 SL 20 TP 50
GBPUSD: Buy 1.3320 SL 25 TP 115
EURUSD: Sell 1.1190 SL 20 TP 40
USDJPY: Sell 143.30 SL 40 TP 100
USDCHF: Sell 0.8430 SL 20 TP 40
USDCAD: Sell 1.3585 SL 25 TP 50
Gold: Broke above 2600. needs to breach 2610 to get to 2620
AUDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.67500 zone, AUDUSD is trading in an uptrend and currently is in a correction phaase in which it is approaching the trend at 0.67500 support and resistance area.
Trade safe, Joe.
Could the Aussie drop from here?The price is reacting off the resistance level which is a pullback resistance that aligns with the 138.2% Fibonacci extension and could drop from this level to our take profit.
Entry: 0.6824
Why we like it:
There is a pullback resistance level that lines up with the 138.2% Fibonacci extension.
Stop loss: 0.6898
Why we like it:
There is a resistance level at the 138.2% Fibonacci extension.
Take profit: 0.6749
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
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RBA Decision: Can Bulls Break 0.6900? RBA Decision: Can Bulls Break 0.6900?
The U.S. Federal Reserve's decision to slash interest rates by half a percentage point this week has intensified scrutiny on the Reserve Bank of Australia (RBA), which will hold its policy meeting next week.
Making a RBA’s interest rate cut less likely in the short term: Australia's labor market delivered stronger-than-expected job growth in August. Maybe this is why the AUDUSD has printed a nine-month high earlier today, creating the fourth consecutive green candle.
However, underlying weaknesses are emerging, as the gains were driven by part-time employment, with full-time jobs declining.
Should this momentum continue, AUD/USD could potentially test 0.6900 resistance, a high last seen in late 2023.
AUD/USD climbs on Aussie job data, Fed rate cutThe Australian dollar has posted sharp gains on Thursday. AUD/USD rose as much as 1% before paring most of those gains. In the North American session, the Australian dollar is trading at 0.6792, up 0.41% on the day.
Australia created 47.5 thousand jobs in August, close to the revised 48.9 thousand in July and crushing the market estimate of 25 thousand. The gains were all part-time positions as full-time jobs actually declined by 3.1 thousand. Still, investors gave a thumbs-up and the Australian dollar is up sharply today. The unemployment rate remained steady at 4.2%, in line with market expectations.
The Reserve Bank of Australia remains an outlier among the major central banks as it is yet to lower rates. The RBA has maintained rates at 4.35% since November but its “higher for longer” stance has not brought down inflation as much as expected. Inflation has dropped to 3.5% but that is still higher than the inflation target range of between 2 and 3 percent. The RBA meets next Wednesday, a day before the August inflation report and is expected to maintain rates.
In one of the most anticipated rate meetings in recent memory, the Federal Reserve surprised the markets with an oversize cut of 50 basis points. The markets were unsure right up to decision time whether the Fed would go with a modest 25 bps cut or the large 50 bps cut. In the end, the Fed opted for the deeper cut in a near-unanimous decision (11 of 12 members voted in favor).
The message from the Fed was that it is confident that inflation will remain sustainably near the 2% target and that the weak labor market was in need of strong relief. In his press conference, Fed Chair Powell tried to assure the markets that the US economy was in good shape and that today’s move was not a signal that further 50 bps cuts were on the way.
AUD/USD is testing resistance at 0.6798. Above, there is resistance at 0.6862
0.6751 and 0.6687 are the next support levels
Post FOMC analysis19th September
DXY: Currently at 100.60, could bounce to retest bearish trendline. If 100.60 broken, could test 100 round number.
NZDUSD: Could trade higher, look for reaction at 0.63 resistance, Buy 0.6255 SL 20 TP 40
AUDUSD: Buy 0.6780 SL 30 TP 70
GBPUSD: Sell 1.3250 SL 30 TP 90 (BoE Rates Decision pending)
EURUSD: Sell 1.1130 SL 25 TP 50
USDJPY: Sell 142 SL 45 TP 90
USDCHF: Sell 0.8430 SL 20 TP 40
USDCAD: Sell 1.3560 SL 30 TP 40
Gold: Currently at 2585 could trade higher to 2600 and even form new ATH
AUDUSD: Bearish Breakout Ahead! 55.06% Chance to Hit My Target!The Australian Dollar faces several headwinds that support a bearish bias against the US Dollar:
1. China's economic slowdown is hurting demand for Australian exports.
2. The RBA has paused rate hikes while the Fed maintains a hawkish stance, potentially widening the interest rate gap.
3. Global economic uncertainties favor the safe-haven USD over the risk-sensitive AUD.
I'm using probability analysis on my charts to find good short entry points for AUD/USD.
6M:
2W:
1H:
Feel free to comment below with your thoughts or questions!
AUD/USD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
Bearish trend on AUD/USD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.660.
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Bulls have the Bears by the "Neck" - AUHere I have AUD/USD on the 4Hr Chart!
Price is now using the "Neckline" or Support of the failed Head & Shoulders the Bears were unable to finish, and pushing Higher breaking through the Falling Resistance created by the Highs of the "Head" and "Right Shoulder".
Now I believe with an on-going Rate Cut cycle about to begin for the Federal Reserve, we will start to see the Bulls undo the previous Head & Shoulders Pattern one Swing High at a time!
If Price will need to find some Support before it begins to continue further Higher, this Support can be found at either:
- The High just before the Break @ .6732
or
- Retesting the Break of Falling Resistance + FVG @ ( .6720 - .6715 )
Indicators:
- RSI Above 50
- BBTrend printing Green Bars
- Volume Delta showing Bullish presence increasing
*TP1 - .67672
*TP2 - .68236
WEEKLY FOREX FORECAST SEPT 16-20 USD EUR GBP AUD NZD CAD CHF JPYThis is Part 2 of the Weekly Forex Forecast for SEPT 16-20th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
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.
AUDUSD Any post-Fed spike will be a great sell opportunity.The AUDUSD pair is once again approaching the 14-month Resistance Zone, following a convincing rebound on the 1D MA200 (orange trend-line). This Higher Lows rebound resembles the July 06 2023 bounce that priced a Double Top at the top of the Resistance Zone, before collapsing rapidly to new Lows.
Ahead of today's Fed Rate Decision, we will welcome any short-term spike on high volatility to short (up to the top of the Resistance Zone) and target the Support Zone at 0.63750.
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Still holding AUDUSD sells - Who's with me ?AUDUSD is likely to maintain a slightly bearish bias for the remainder of the week due to a combination of fundamental factors:
1. China’s Economic Slowdown: Australia’s economy is heavily tied to China due to its exports of raw materials like iron ore and coal. Recent weak economic data from China, including softer industrial production and ongoing concerns about its property market, have weighed on commodity currencies like the Australian dollar.
2. US Dollar Strength: The USD has remained strong, supported by expectations that the Federal Reserve may keep interest rates higher for longer. While the Fed is not expected to raise rates this week, the ongoing resilience in US economic data, particularly in the labor market and retail sales, is keeping the USD in demand.
3. RBA’s Dovish Outlook: The Reserve Bank of Australia (RBA) has adopted a more cautious tone recently, with inflationary pressures easing slightly and domestic economic growth showing signs of moderation. This has reduced market expectations of further rate hikes, weakening AUD.
4. Commodity Prices: Softness in commodity prices, particularly in key Australian exports such as iron ore, has added downside pressure to the AUD. Global risk sentiment remains fragile, and lower commodity demand amid concerns about global growth, especially in China, has further dampened the outlook for the Australian economy.
These factors suggest a continuation of bearish pressure on AUDUSD, although potential rebounds in risk sentiment or unexpected shifts in central bank policy could provide short-term relief for the pair.
AUDUSD 0.67582 -0.09% SHORT MULTI TIME-FRAME ANALYSIS + DXYHELLO TRADERS
Hope everyone is doing great
📌 A look at The AUDUSD At the close of ASIA GOING INTO THE LONDON, TO NY PM SESSION
* With a bullish run into Monday CLOSE ( PO3) today will be looking for some retracement.
* looking at the daily last week Friday failed to take high which is a sign of weakness on AU alike with EU & GU.
* Looking at the +FVG below as targets as well.
* on the 4H looking for a bullish open to take ASIA high LQ.
* PO3
* Push higher before going for lower structures.
* AU sweeping the ASIA HIGH.
* Looking for an AGGRESIVE MOVE back into the range.
* this where I would look for entries short.
* Looking for the take of that ERL.
* with two possible OTE ( ASIA HIGHS, AND LONG TERM HIGH) , EXECUTION IS BASED ON RR & RISK MANAGEMENT.
* DXY 4H
- Will wait for the DXY to take ASIA lows and trade back in the range as a confirmation as well...
* BASED on the price action served next session...
* We will see what does the market dish.
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SEE YOU ON THE CHARTS.
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LOVELY TRADING WEEK TO YOU!
Levels discussed on livestream 17th September 17th September
DXY: Ranging between 100.60 and 100.90
NZDUSD: Buy 0.6220 SL 25 TP 50 (Hesitation at 0.6245)
AUDUSD: Buy 0.6740 SL 20 TP 40
GBPUSD: Look for test and reject of resistance area, Sell 1.32 SL 30 TP 80 (COUNTER TREND)
EURUSD: Buy 1.1145 SL 20 TP 55
USDJPY: (IHS) Buy 141.55 SL 60 TP 180
Trend Following: Sell 140.10 SL 30 TP 70
USDCHF: Sell 0.8420 SL 30 TP 45
USDCAD: Ranging 1.3565 and 1.36
Gold: Currently at 2584, could trade higher to 2600
AUDUSD Is Approaching An Important ResistanceHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.67700 zone, AUDUSD is in a correction phase in which it is approaching the resistance line at the 0.67700 area. We would also like to consider the Dollar seasonality as September was a decent month for the Dollar through the history.
Trade safe, Joe.
AUDUSD - Strong support at the moment💎 AUDUSD Analysis 💎
🔸AUDUSD has had a positive rally, currently showing signs of surpassing the 0.6748 threshold, indicating that the uptrend of AUDUSD is still maintained. Therefore, in today's session, AUDUSD is expected to continue to increase to higher levels, with the target towards the 0.68 peak area. Investors should consider placing a BUY order to take advantage of this opportunity.
⚜️BUY AUDUSD 0.67490⚜️
❌SL: 0.66990
✔️TP: 0.68100