WEEKLY FOREX FORECAST SEP 9-13th USD EUR GBP AUD NZD CAD CHF JPYThis is Part 1 of the Weekly Forex Forecast for SEPT 9-13th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
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AUDUSD
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.67200 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.67200 support and resistance area.
Trade safe, Joe.
Beginning of AUDUSD workout. H4 03.09.2024Beginning of AUDUSD workout
Yesterday in the closed channel I recommended subscribers
to look for sales of the Australian dollar from the strong zone
0.6790-0.6816 with the perspective of corrective
fall to 0.6640+-
The price gave a reaction in the morning and I believe that
the push down will continue. It remains to cover a major
growth candle and then I will increase sales.
It is also desirable that the cumulative starts
to grow on the fall, they often get after that.
Already right now, even at 0.1 lot almost returned
the cost of a monthly subscription
AUDUSD: Bullish Continuation & Long Signal
AUDUSD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long AUDUSD
Entry Point - 0.6644
Stop Loss - 0.6616
Take Profit - 0.6704
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
Market Analysis: AUD/USD Trim Gains, Are Bears Back?Market Analysis: AUD/USD Trim Gains, Are Bears Back?
AUD/USD declined below the 0.6720 and 0.6700 support levels.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar started a fresh decline from well above the 0.6700 level against the US Dollar.
- There is a connecting bearish trend line forming with resistance at 0.6660 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD at FXOpen, the pair struggled to clear the 0.6765 zone. The Aussie Dollar started a fresh decline below the 0.6720 support against the US Dollar.
The pair even settled below 0.6700 and the 50-hour simple moving average. There was a clear move below 0.6670. A low was formed at 0.6640 and the pair is now consolidating losses. On the upside, an immediate resistance is near the 0.6660 level.
There is also a connecting bearish trend line with resistance at 0.6660. The next major resistance is near the 23.6% Fib retracement level of the downward move from the 0.6767 swing high to the 0.6641 low at 0.6670, above which the price could rise toward 0.6700.
Any more gains might send the pair toward the 61.8% Fib retracement level of the downward move from the 0.6767 swing high to the 0.6641 low at 0.6720. A close above the 0.6720 level could start another steady increase in the near term.
The next major resistance on the AUD/USD chart could be 0.6765. On the downside, initial support is near the 0.6640 zone. The next support sits at 0.6620. If there is a downside break below 0.6620, the pair could extend its decline. The next support could be 0.6550. Any more losses might send the pair toward the 0.6500 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Pre-CPI Analysis11th September
DXY: Consolidating, should stay below 101.50, CPI Pending, break below trendline to trade down to 100.85, key support at 100.55
NZDUSD: Buy 0.6175 SL 20 TP 60
AUDUSD: Buy 0.6690 SL 30 TP 60
GBPUSD: Sell 1.3115 SL 20 TP 65 or
Sell 1.3030 SL 20 TP 60
EURUSD: Could retrace to trendline and reject, Sell 1.1075 SL 20 TP 60
USDJPY: Sell 140.70 SL 50 TP 130
USDCHF: Sell 0.8484 SL 20 TP 80
USDCAD: Sell 1.3570 SL 35 TP 70
Gold: Retest of 2530, rejection down, below 2517 could trade down to 2485
AUDUSD H4 | Bullish Reversal Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.6632, which is a pullback support close to 161.8% Fibo extension
Our take profit will be at 0.6685, an overlap resistance.
The stop loss will be placed at 0.6592, which is an overlap support level.
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. 62% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% 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.
AUDUSD next move(expecting bearish move)FOREXCOM:AUDUSD
as you can see price is in the bearish Triangle it means price can fall to the bottom of the triangle also regular bearish divergence and SMA100 indicates it now price can decreasing to the bottom of the triangle .
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EUR/USD : Ready for Fall ? (READ THE CAPTION)By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that after the drop last week to 1.10665, the price eventually closed at 1.10853. I expect that in the upcoming week, after a short initial rise, we will see further decline in EUR/USD. The potential targets for this drop are 1.10600, 1.10260, and 1.09960.
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 !
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AUD/USD Weakens Toward 0.6745 and Rising USDThe AUD/USD pair is losing further ground, trading around 0.6745 during the early European session on Tuesday. The Australian Dollar is under pressure due to a widening Current Account deficit in the second quarter, which has dampened sentiment. This economic backdrop, coupled with a modest uptick in the US Dollar and a broader decline in risk appetite, is weighing on the pair.
Market Focus Shifts to US Economic Data
As the market shifts its focus to upcoming top-tier US economic data, the AUD/USD pair is likely to remain volatile. Investors are closely watching these releases for further clues on the direction of the US Dollar, which has been showing signs of strength.
Technical Analysis: Bearish Signals Align
From a technical perspective, the AUD/USD pair has recently rebounded from a key Supply area, suggesting that the upward momentum may be stalling. The Commitment of Traders (COT) report adds another layer to the bearish outlook, showing that retail traders are predominantly bullish on the AUD, a contrarian signal that often suggests potential downside.
Additionally, the presence of divergence and a seasonal bearish pattern further supports the case for continued weakness in the AUD/USD pair. These factors combined indicate that the pair may continue to struggle in the near term.
Trading Strategy: Scalping with a 1:1 Risk-Reward Ratio
Given the current market conditions and the technical setup, a scalp entry with a 1:1 risk-reward ratio could be a prudent approach. While the ideal entry point higher up may have been missed, the ongoing bearish signals provide an opportunity for a short-term trade. Traders looking to capitalize on the continued weakness of the AUD/USD pair might consider this strategy, especially as the pair hovers near key support levels.
Conclusion: Bearish Outlook Amid Economic and Technical Headwinds
The AUD/USD pair faces several headwinds, including a widening Australian Current Account deficit, a stronger US Dollar, and unfavorable technical signals. As the pair continues to lose ground, traders should remain cautious and look for opportunities to capitalize on the bearish trend, particularly in light of upcoming US economic data that could further influence the pair’s direction.
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Levels discussed on Livestream 10th September10th September
DXY: Consolidate along 101.60, could push higher to test 102 round number resistance.
NZDUSD: Sell 0.6125 SL 20 TP 40
AUDUSD: Sell 0.6645 SL 30 TP 60
GBPUSD: Buy 1.3140 SL 20 TP 60
EURUSD: Looking for a retest of 1.10 support level
USDJPY: Buy 144.25 SL 30 TP 90
USDCHF: Buy 0.8510 SL 20 TP 50
USDCAD: Sell 1.3545 SL 20 TP 60
Gold: Break above 2507 to trade up to 2520
AUDUSD Technical Analysis and Trade Idea👀 👉 The Australian Dollar to US Dollar exchange rate (AUDUSD) has recently broken through significant support levels on both daily and 4-hour charts. This breach suggests a potential continuation of the downward trend, aligning with the broader market sentiment. Based on this, I expect the pair may test its previous lows, as indicated on the chart, before potentially retracing to a point of equilibrium.
My trading approach for this scenario involves patience. I plan to wait for a bullish pullback and position myself for a potential sell opportunity when the price reaches the 50-61.8% Fibonacci retracement level, which could provide an attractive entry point for a short position.
It's important to emphasize that this analysis is based on probabilities rather than certainties. Waiting for clear price confirmation before entering any trades is crucial, as detailed in the accompanying video. This analysis provides an in-depth look at the current trend, market structure, and price behavior.
Please note that this information is provided for educational purposes only. Trading carries significant risks, and implementing robust risk management strategies should always be a top priority. 📈✅
AudUsd- Bearish under 0.67Similar to other USD pairs, AUD/USD experienced a drop on Friday, breaking below a head and shoulders pattern. This breakdown signals a strong potential for further downside. As long as the 0.67 resistance level holds, my strategy is to sell into rallies.
The 0.6575 zone serves as a key target for bearish traders.
AUDUSD H1 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.6687, which is an overlap resistance and a 38.2% Fibonacci retracement.
Our take profit will be at 0.6641, a pullback support level close to 161.8% Fibo extension
The stop loss will be at 0.6731, a pullback resistance level and above 61.8% Fibo retracement.
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. 62% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% 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.
Head and Shoulders Pattern on AUD/USD On the AUD/USD chart, we are seeing a clear Head and Shoulders pattern , which is a strong indication of a potential bearish reversal. This pattern consists of three peaks, with the middle peak (the "Head") being the highest, and the two smaller peaks (the "Shoulders") on either side.
Key Points:
Left Shoulder: Formed , marking the first peak before the minor decline.
Head: The highest peak , indicating the strongest upward move before the market turned lower.
Right Shoulder: The second smaller peak has formed, suggesting the bearish momentum is resuming.
Neckline: The neckline, which connects the two troughs. A break below this line would confirm the bearish reversal pattern.
AUDUSD - 4hrs ( Sell Trade Target Range 200 PIP ) Pair Name : AUD/USD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
Bearish Break
0.66600 Area
Reasons
- Major Turn level
- Pattern Break
- inner Choch
- Day / week low
- Key level / Golden Zone
Bullish Reversal
0.65000 Area
Reasons
- Major Turn level
- Visible range Hvn
- Pattern Target
- Quarters Area
Levels discussed on Livestream 9th September9th September
DXY: Currently at 101.50, just below bearish trendline. If trendline broken and above 101.60, could trade up to resistance of 102
NZDUSD: Sell 0.6125 SL 20 TP 40
AUDUSD: Sell 0.6650 SL 20 TP 60
GBPUSD: Watch for break of 1.31 and reaction at support level of 1.3045
EURUSD: Sell 1.1035 SL 15 TP 45
USDJPY: Sell 143.30 SL 50 TP 120
USDCHF: Sell 0.8455 SL 30 TP 55
USDCAD: Consolidating, could retest resistance at 1.36, look for downside potential
Gold: Break above 2500 could trade to 2515
Aussie H4 | Falling to overlap supportThe Aussie (AUD/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6642 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 0.6550 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 0.6752 which is an overlap resistance.
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. 62% 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. 59% 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.