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Stop Loss : Recent Swing High using 30min timeframe
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AUDUSD
Pullback support ahead for the Aussie?The price is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance that acts as a pullback resistance.
Pivot: 0.6641
1st Support: 0.6593
1st Resistance: 0.6698
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Sell AUD/USD Bearish Flag The AUD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.6733, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.6662
2nd Support – 0.6626
Stop-Loss: To manage risk, place a stop-loss order above 0.6760. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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AUD-USD Bearish Breakout! Sell!
Hello,Traders!
AUD-USD is going down
And the pair broke the
Key horizontal level
Of 0.6700 which is now
A resistance and the breakout
Is confirmed so we are bearish
Biased now and we will be
Expecting a further move down
Sell!
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AUD/USD 2 Entries +200 Pips 0 Drawdown , Is It Will Continue ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Pre Non Farm Market Analysis6th September
DXY: Currently just below 100.90, could consolidate/retrace briefly, looking downside to 100.55 support level (NFP Pending), could bounce from support
NZDUSD: Buy 0.6245 SL 20 TP 50 (DXY Weakness)
AUDUSD: Buy 0.6755 SL 25 TP 65 (DXY Weakness)
GBPUSD: Sell 1.3170 SL 30 TP 80 (DXY Strength)
EURUSD: Buy 1.1145 SL 20 TP 60 (DXY Weakness)
USDJPY: Watch out between 142 and 141 support area, possible bounce!
USDCHF: Look for reaction at 0.8345 key support level.
USDCAD: Stay out (CAD Employment pending)
Gold: Retracing, look for reaction at 2506, possible bounce, if broken, could trade down to 2480
Heading into 50% Fibonacci resistance?AUD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to ur take profit.
Entry: 0.6761
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 0.6809
Why we like it:
There is a pullback resistance level.
Take profit: 0.6699
Why we like it:
There is a pullback support level.
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WEEKLY FOREX FORECAST SEPT 2-6 : USD EUR GBP AUD NZD CAD CHF JPYThis is Part 1 of the Weekly Forex Forecast for SEPT 2-6th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
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Levels discussed on livestream 5th September 5th September
DXY: Currently at 101.25, needs to break 50% retracement level, to trade down to 100.90 (ADP Pending)
NZDUSD: Sell 0.6165 SL 20 TP 60 (if DXY recovery)
AUDUSD: Sell 0.6685 SL 20 TP 45 (if DXY recovery)
GBPUSD: Sell 1.3080 SL 25 TP 100
EURUSD: Buy 1.1105 SL 20 TP 55
USDJPY: Sell 143.20 SL 40 TP 120
USDCHF: Sell 0.8450 SL 20 TP 40
USDCAD: Sell 1.35 SL 20 TP 55
Gold: At 61.8%, if broken, above 2508 could trade up to 2520
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 0.6688 which is an overlap support.
Stop loss is at 0.6630 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is at 0.6793 which is an overlap resistance.
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AUD/USD Eyes Further Downside as 0.6710 Support LoomsAUD/USD is consolidating below the 50-day EMA, with a series of Doji candles signaling indecision. A break below the 0.6710 support could spark further selling pressure, targeting the 0.6670 level. The RSI is holding below 50, reinforcing the bearish outlook.
AUD/USD Eyes Further Downside as 0.6710 Support LoomsAUD/USD is consolidating below the 50-day EMA, with a series of Doji candles signaling indecision. A break below the 0.6710 support could spark further selling pressure, targeting the 0.6670 level. The RSI is holding below 50, reinforcing the bearish outlook.
Bearish Reversal Incoming on $AUDUSDThe price is showing clear rejection from a rising trendline, indicating potential weakness in the bullish momentum.
As the market forms a lower high, we anticipate a strong move down towards the key 0.6660 level, where liquidity sits.
The trendline break aligns with the overall bearish bias for further downside continuation.
AUD/USD steady despite weak GDPThe Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6704 in the European session, down 0.10% today at the time of writing. The Australian dollar took a bath a day earlier, sliding 1.1%, one of the sharpest daily declines this year.
Australia’s economy gained a paltry 0.2% q/q in the second quarter, shy of the market estimate of 0.3% and unchanged for a third consecutive quarter. This was the softest pace of growth in five quarters and the small gain was driven by higher government spending as household spending declined. Yearly, GDP climbed 1%, in line with the market estimate and down from 1.3% in the first quarter. This was the lowest annual GDP release since the fourth quarter of 2020.
Australia’s economic picture is being described by some local commentators as a “horror show”. This is not a wild exaggeration as GDP is in the doldrums, inflation remains sticky and consumer spending was flat in July. The Reserve Bank has maintained rates at 4.35% since November but inflation hasn’t fallen as quickly as anticipated.
The GDP release is unlikely to be a factor at the Reserve Bank of Australia’s next meeting on Sept. 24. The central bank is primarily concerned with inflation and the labor market. Governor Bullock has essentially ruled out a rate cut in the next six months but the markets have priced in a rate cut before year’s end and more cuts in early 2025.
Bullock will speak at an event in Sydney early on Thursday and the markets will be looking for some insights from the hawkish Governor regarding future rate policy.
There is support at 0.6681 and 0.6650
0.6738 and 0.6769 are the next resistance lines
Pre-BoC interest rate decision4th September
DXY: Still in consolidation. Looking for downside, needs to break 101.50 (23.6%), could trade down to 101.15
NZDUSD: Sell 0.6165 SL 20 TP 60
AUDUSD: Buy 0.6750 SL 20 TP 70
GBPUSD: Buy 1.3160 SL 30 TP 60
EURUSD: Buy 1.1080 SL 25 TP 65
USDJPY: Sell 144.70 SL 40 TP 110
USDCHF: Sell 0.8450 SL 20 TP 40
USDCAD: Sell 1.3580 SL 30 TP 60
Gold: Watch 2480-2470 support area,
If held look for bounce, broken could trade down to 2440
AUDUSD Analysis | Waiting for bearish signal?Hi Traders!
The Australia dollar held its recent decline to around $0.676 as the greenback strengthened on the latest US inflation reading which prompted traders to pare bets on an aggressive Federal Reserve rate cut.
Markets now await a crucial US monthly jobs report this week as the Fed's attention moves from inflation to the labor market. Domestically, investors digested data showing Australia’s manufacturing sector extended its slump in August as high borrowing costs and subdued demand weighed on new orders.
On the monetary policy front, markets look forward to the latest remarks from Reserve Bank of Australia Governor Michelle Bullock this week. She said recently that despite signs of easing inflation, it was still “premature” to consider cutting rates. Minutes of the RBA’s last meeting also revealed that policy could stay restrictive for an extended period.
TECHNICAL ANALYSIS
From a technical point of view, in the short term the pair could be interesting on the bearish side, if we look at the daily chart, we need to see a new low to confirm some selling opportunities. With this in mind, if during today's session but not beyond tomorrow's candle, the pair will trigger another bearish leg, it could be interesting to try to take a short position on a technical rebound, reducing the potential stop loss as much as possible. Let's see what will happen during today's session...
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EURUSD and AUDUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD USD Set To Grow! BUY!
My dear followers,
This is my opinion on the AUDUSD next move:
The asset is approaching an important pivot point 0.6733
Bias - Bullish
Safe Stop Loss - 0.6700
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6784
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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