AUD/USD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
AUD-USD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.660 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.
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AUDUSD
Option market predicting a drop in AUD
Hey everyone! We've got some data from the CME Exchange for August 13th. We're looking at option sentiment, which is meant to fall quotes in the 0.63 area within 30-40 days (the option portfolio's shown in the screenshot).
It makes sense because there's a lot of bearish liquidity in that area, as confirmed by the price action there.But keep in mind that retail activity's contrarian indicator is still showing market bullish sentiment.
You need to wait for the graphics to confirm it's time to lower the prices.
Possible Inverted Head & Shoulder on DXY15th August
DXY: Possible Inverted Head & Shoulder forming (retail sales data pending), price above 102.70 can trade up to 102.90. Below 102.45, invalidates IHS, could trade down to 102 support.
NZDUSD: Sell 0.5985 SL 20 TP 40
AUDUSD: Likely range bound, Buy 0.6585 SL 20 TP 60
GBPUSD: Buy 1.2875 SL 25 TP 60
EURUSD: Sell 1.0990 SL 20 TP 45
USDJPY: Could continue to consolidate, watch for reaction at 146 and 148.
USDCHF: Sell 0.8620 SL 20 TP 60
USDCAD: Sell 1.3690 SL 20 TP 55
Gold: Above 2460 could trade up to 2480. Below 2460, break 2450 could trade down to 2430.
AUDUSD: Bearish Stocks and Trend BreakoutHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66000 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.66000 support and resistance zone.
We would like to consider the current bearish bias on stocks, due to the positive correlation AUDUSD should trade under pressure.
Trade safe, Joe.
Bullish bounce?AUD/USD is falling towards the support level which is an overlap support that is slightly below the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 0.6567
Why we like it:
There is an overlap support level which is slightly below the 38.2% Fibonacci retracement.
Stop loss: 0.6514
Why we like it:
There is a pullback support level which lines up with the 78.6% Fibonacci retracement.
Take profit: 0.6641
Why we like it:
There is an overlap resistance level.
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AUD/USD at Critical Resistance: Will the Bears Take Control?In the 4-hour chart for AUD/USD, we observe a critical test of resistance at the 0.66386 level, marked by the purple zone.
The pair has been rallying off a rising trendline, creating a series of higher lows, signaling strong bullish momentum.
However, the price action near the resistance level indicates a potential rejection, as seen with the formation of a doji candle, which suggests indecision in the market. This could be the first sign of weakening bullish momentum, with the possibility of a reversal.
If the price fails to break and sustain above the 0.66386 resistance, we might see a pullback toward the first support level at 0.65555. A break below this support could accelerate the downward movement, targeting the next support levels at 0.64800 and 0.64374.
On the flip side, if the pair manages to break above 0.66386, the next bullish target would be significantly higher, but this would require strong bullish momentum and possibly new catalysts from economic data or market sentiment.
AUDUSD: Bearish Continuation & Short Trade
AUDUSD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short AUDUSD
Entry Point - 0.6618
Stop Loss - 0.6663
Take Profit - 0.6528
Our Risk - 1%
Start protection of your profits from lower levels
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AUD/USD faces key test with US CPI and Aussie jobs data loomingThe AUD/USD has found a bit of resistance around the 0.6640/0.6650 area ahead of the release of US CPI shortly.
The small pullback is largely due to profit-taking ahead of US inflation data and Australian employment data due for release in the early hours of Thursday. The underlying trend is bullish and so long as we don't see a hot inflation report from the US, the path of least resistance would remain to the upside.
The trend turned bullish on the Aussie ever since it created a false break reversal pattern beneath prior low around 0.6362. The sharp recovery from that level once it was reclaimed has lifted rates above several levels, including the 0.6500, 0.6565 and the 200-day average around 0.6600. These are now the key support levels to watch, especially the 0.6600 handle.
As mentioned, the focus is now turning to US inflation data. Following a weaker PPI report on Tuesday, investors will be hoping for a weaker CPI print today compared to a headline and core prints of +0.2% m/m expected (or 3.0% y/y for headline CPI).
If seen, or even if the data is line with forecasts, this could further cement expectations for a 50-basis point rate reduction in September and a total of 100 bp cuts for 2024. This scenario should further boost the AUD/USD outlook.
However, a strong print, which is evidently not priced in, could have a big negative impact on this and other major FX pairs.
By Fawad Razaqzada, market analyst at FOREX.com
Market Analysis: AUD/USD RalliesMarket Analysis: AUD/USD Rallies
AUD/USD is consolidating gains near the 0.6620 zone.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar started a downside correction from 0.6640 against the US Dollar.
- There is a key bullish trend line forming with support at 0.6610 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from the 0.6500 support. The Aussie Dollar was able to clear the 0.6580 resistance to move into a positive zone against the US Dollar.
There was a close above the 0.6600 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6640 zone. A high was formed near 0.6642 and the pair is now correcting gains.
There was a move below the 0.6630 level. The pair declined below the 23.6% Fib retracement level of the upward move from the 0.6579 swing low to the 0.6642 high. On the downside, initial support is near a key bullish trend line at 0.6610.
The next major support is near the 61.8% Fib retracement level of the upward move from the 0.6579 swing low to the 0.6642 high at 0.6600.
If there is a downside break below the 0.6600 support, the pair could extend its decline toward the 0.6580 level. Any more losses might signal a move toward 0.6545.
On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.6640. The first major resistance might be 0.6650. An upside break above the 0.6650 resistance might send the pair further higher.
The next major resistance is near the 0.6700 level. Any more gains could clear the path for a move toward the 0.6740 resistance zone.
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.
WEEKLY FOREX FORECAST AUG 12-16: USD EUR GBP AUD NZD CAD CHF JPYThis is Part 2 of the Weekly Forex Forecast for AUG 12-16th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
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Aussie H4 | Falling to pullback supportThe Aussie (AUD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6581 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level.
Stop loss is at 0.6532 which is a level that lies underneath a pullback support.
Take profit is at 0.6642 which is a pullback 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. 68% 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. 73% 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.
Bearish drop?The Aussie (AUD/USD) is reacting off the pivot and could potentially drop to the 1st support which acts as an overlap support.
Pivot: 0.6636
1st Support: 0.6567
1st Resistance: 0.6711
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AUD/USD Eyes Key Data After Breaking 0.6600AUD/USD Eyes Key Data After Breaking 0.6600
The AUD/USD extended its rally passed the critical 0.6600 mark to hit new three-week highs. Traders now turn their attention to the upcoming Australian Consumer Inflation Expectations and Unemployment.
The pair faces immediate resistance at the 200-day moving average, followed by the 0.668 level. On the downside, initial support could be the 100-day moving average, with further backing at the 50-day moving average.
In the U.S., the spotlight shifts to the July Consumer Price Index (CPI) due Wednesday.
Earlier today, the Producer Price Index (PPI) data showed a 2.2% year-over-year increase for July, down from the 2.7% rise in June. PPI often acts as an early indicator for upcoming CPI inflation.
Market participants are currently pricing in a roughly 54% chance of a 50-basis-point Fed rate cut in September, a probability that could increase following the PPI data.
AUDUSD Massive Short! SELL!
My dear subscribers,
My technical analysis for AUDUSD is below:
The price is coiling around a solid key level - 0.6602.
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.6537
My Stop Loss - 0.6643
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
AUD/USD Reversal: Bullish MomentumThe AUD/USD pair has shown signs of recovery after dipping to the 0.63500 level, with the price currently rising around 0.6595. This rebound is partly fueled by the US Dollar (USD) facing challenges due to growing expectations of a potential interest rate cut by the Federal Reserve (Fed) in September. However, the pressure on the USD might ease as the likelihood of a 50-basis point rate cut at the Fed's September meeting diminishes.
From our perspective, we anticipate that the AUD/USD will continue its upward trajectory, potentially reaching the Supply zone around 0.6700, with a possibility of extending higher to 0.6800. This target area is crucial for evaluating the next strategic move. The current market sentiment indicates that Smart Money is positioning itself long, while Retail traders are predominantly short. This imbalance suggests a potential increase in the value of the Australian Dollar (AUD) as the pair gains momentum.
Given these factors, our focus is on monitoring the price action as it approaches these key levels. We expect that once the price reaches the 0.6700 to 0.6800 range, a potential setup may emerge, providing an opportunity to capitalize on the AUD's strengthening against the USD. This analysis aligns with the broader market dynamics, indicating that the AUD is poised for further gains in the near term.
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Levels discussed on 13th August Livestream13th August
DXY: Likely to consolidate above 103, needs to stay below 103.50
NZDUSD: Sell 0.6030 SL 25 TP 55 (RBNZ decision pending)
AUDUSD: Buy 0.6615 SL 30 TP 65
GBPUSD: Buy 1.2815 SL 20 TP 40 (needs to complete retracement first)
EURUSD: Buy 1.0950 SL 25 TP 50
USDJPY: Sell 146.20 SL 40 TP 200
USDCHF: Sell 0.8640 SL 30 TP 70
USDCAD: Sell 1.3715 SL 25 TP 60
Gold: Consolidating, above 2465 could trade up to 2480 and possibly 2484
EUR/USD, AUD/USD, NZD/USD levels into US PPI, CPI and RBNZTwo key inflation reports for the US and a potentially live RBNZ meeting over the next 24 hours has put EUR/USD, AUD/USD and NZD/USD onto my radar. And in each case, these markets have risen to interesting levels which hint at a weaker US dollar over the near-term. Part of this may be because traders are front-running weaker US inflation data.
If the RBNZ treat markets to a dovish cut, it could make for the more volatile move out of the three pairs, whereas weaker US PPI and CPI could help EUR/USD have another crack at breaking above 1.10.
AUDUSD | 15m Trade Plan | Intraday 15m: Marked the latest supply / strong resistance zones
@15m Killzones:
Plan A (51% probability): The market is likely to sweep the entire buy-side liquidity and then move towards a bearish trend.
Plan B (49% probability): If there's a potential supply-to-demand flip, the market is likely to move bullish.
Based on 15m clear confirmations after the liquidity sweep or flip, take a long or short position accordingly, depending on the bullish or bearish confirmations.
React only during killzones; do not take entries outside of these times.
AUDUSD H4 I Bullish Bounce offBased on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.6567, which is an overlap support.
Our take profit will be at 0.6641, a pullback resistance.
The stop loss will be placed at 0.6514, 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. 68% 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. 73% 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.
Sell AUD/USD Wedge BreakoutThe AUD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel 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 0.6584, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.6525
2nd Support – 0.6490
Stop-Loss: To manage risk, place a stop-loss order above 0.6610. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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