AUDUSD What Next? BUY!
My dear friends,
My technical analysis for AUDUSD is below:
The market is trading on 0.6791 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6854
Recommended Stop Loss - 0.6753
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
AUDUSD
Trade Idea: AUD/USD Bounce at Support ZoneAUD/USD is currently moving downward, and I anticipate a bounce when the price reaches the upcoming support zone. This level has shown strength in the past, making it a likely spot for a rebound. I’m ready to take advantage of this potential upward move once it hits this support.
AUDUSD H4 I Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.6871, which is a pullback resistance aligning with a 38.2% FIbo retracement.
Our take profit will be at 0.6807, an overlap support level close to 38.2% Fibo retracement.
The stop loss will be placed at 0.6938, the swing-high resistance level.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
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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.
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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
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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.
AUD/USD SHORT FROM RESISTANCE
Hello, Friends!
AUD/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.686 area.
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AUDUSD - 4hrs ( Sell Trade Target Range 120 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
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Bearish Break
0.68500 Area
Reasons
- Major Turn level
- Visible Range hvn
- Channel Break
- Head & Shoulder Break
- Fixed Range Hvn
- Fibo Golden
Bullish Reversal
0.67200 Area
#AUDUSD 4HAUD/USD 4-Hour Chart Forecast:
The AUD/USD pair is showing bullish potential on the 4-hour chart, signaling a buy opportunity. The price action appears to be testing a key resistance level, which, if broken, could lead to further upside movement.
Key factors supporting the buy forecast:
Resistance Breakout: The pair is challenging a significant resistance zone. A confirmed breakout above this level would likely trigger strong bullish momentum, potentially leading to new highs in the short term.
Bullish Pattern Formation: The chart may be forming a bullish technical pattern, such as an ascending triangle or inverse head and shoulders, which often indicates an impending breakout.
Momentum Indicators: Technical indicators like the RSI or MACD might be showing bullish divergence or a breakout above key levels, reinforcing the potential for further gains.
Traders looking to take advantage of the buy opportunity should watch for a confirmed breakout above the resistance level before entering the trade. Stop-loss orders can be placed below the breakout level or recent swing lows to manage risk. Profit targets should be set at key resistance levels or prior highs. Monitoring for any failure to break resistance is essential, but overall, the technical outlook supports a buy strategy for AUD/USD on the 4-hour chart.
Euro extends losses as eurozone CPI slows to 1.8%The euro continues to lose ground and is trading at 1.1080 in the North American session, down 0.49% on the day. The euro is down for a third consecutive day and has declined 0.9% during that time.
Eurozone inflation eased to 1.8% y/y in September, down from 2.2% in August and below the market estimate of 1.9%. This was the lowest rate since April 2021 and below the European Central Bank’s inflation target of 2%. The drop in inflation was largely driven by the sharp decrease in energy prices. Monthly, inflation declined by 0.1%, down from the 0.1% gain in August.
Services inflation, which has been a headache for the ECB, dropped from 4.1% to 4.0%. The core rate, which is a better indicator of long-term inflation trends, fell to 2.7%, down from 2.8% in August and below the market estimate of 2.8%. Inflation declined across the bloc, with Germany, France, Italy and Spain all recording inflation rates below 2%.
The ECB has approached the new rate-cutting cycle with caution, as high services inflation and wage growth are reminders that the battle against inflation isn’t over. The markets expect the ECB to remain on the sidelines at the October meeting and re-evaluate a possible rate cut in December.
The Federal Reserve is expected to be aggressive in its rate-cutting cycle, which started last month with a large cut of 50 basis points. On Monday, Fed Chair Powell poured cold water on expectations for another jumbo rate cut, saying that the economy was in “solid shape” and that the Fed was not in any rush to cut rates quickly. Powell’s remarks have lowered market odds of a 50-bps cut to 40%, compared to 58% one week ago, according to CME’s FedWatch.
EUR/USD pushed below support at 1.1096 and tested support at 1.1058 earlier. The next support level is 1.1001
1.1153 and 1.1191 are the next resistance lines
Levels discussed on Livestream (1st October)1st October
DXY: If price can break 101, could trade up to 101.40 (61.8% area)
NZDUSD: Sell 0.6290 SL 20 TP 40
AUDUSD: Sell 0.6885 SL 20 TP 60
GBPUSD: Sell 1.3350 SL 20 TP 45
EURUSD: Sell 1.1075 SL 20 TP 65
USDJPY: Stay above 143.45, Buy 144.90 SL 50 TP 150
USDCHF: Continue higher, look for reaction at 0.8510
USDCAD: Buy 1.3545 SL 20 TP 50
Gold: Needs to stay below 2649 to trade lower, below 2630 could trade down to 2616
Aussie H1 | Approaching 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 0.6899 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 0.6860 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 0.6941 which is a multi-swing-high 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.
AUDUSD 01-10-24Hello Traders,
I know this is not the most trading instrument, but if you do, this is the trendline on 15min that AUDUSD is following and I have also drawn some recent levels, I think that the trend is almost to the exhaustion phase and might break the trendline to invite fresh seller, try to wait for LL/LH formation before entering the short trade
NOTE: THIS IS NOT A FINANCIAL ADVICE
AUDUSD: Top of Megaphone hit. Reversal expected.AUDUSD is almost overbought on its 1D technical outlook (RSI = 68.054, MACD = 0.006, ADX = 53.204) as the price reached the HH trendline at the top of the Megaphone pattern. The 1D MACD printed a sequence almost identical to the December 28th 2023 top, which soon after declined to the 0.5 Fibonacci level. Consequently, we take this as a strong sell signal, aiming at the 0.5 Fib (TP = 0.66500).
See how our prior idea has worked out:
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Long AUDUSD - Target 0.715Currently Long on AUDUSD, If bullish movement continues. I'll be seeking price to reach a level of 0.715, targeting our next High/Liquidity level. Price has taken out the high of 0.690 and respected this level thus far when retesting that zone for further bullish movement. From my current entry level, price reaching 0.715 would be a 251 pips move. Let me know if your thoughts are similar or if you see something different. Take Care Traders!
XAU/USD : First Long, Then SHORT ! (READ THE CAPTION)By analyzing the gold chart on the 15-minute timeframe, we can see that the price is currently trading around the $2665 level. I expect the price to continue its upward movement, maintaining the support at $2658 and targeting the liquidity above $2669 and $2671. We have two key supply zones: the first one is between $2671 and $2674, and the second, more significant zone, is between $2681 and $2685. The second level holds higher significance. Keep an eye on the price reaction to these two levels, and you can expect an average return ranging from 30 to 270 pips.
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
AUD-USD Swing Bullish Breakout! Buy!
Hello,Traders!
AUD-USD is trading in an
Uptrend and the pair
Made a bullish breakout
Of a key horizontal level
Of 0.6900 which is now a
Support and the breakout
Is confirmed which reinforces
Our bullish bias and makes
Us expect a further move up
Buy!
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Check out other forecasts below too!
Levels discussed 30th September 30th September
DXY: Price could retrace from 100.40 to 100.55 and possibly retest bearish trendline. But overall downtrend, with support at 100.20
NZDUSD: Sell 0.6345 SL 20 TP 45
AUDUSD: Sell 0.6955 SL 20 TP 50
GBPUSD: Sell 1.3355 SL 20 TP 50
EURUSD: Buy 1.1175 SL 20 TP 40
USDJPY: Sell 141.50 SL 50 TP 130
USDCHF: Buy at 0.8440 SL 20 TP 70
USDCAD: Buy 1.3545 SL 20 TP 50
Gold: Could consolidate between 2640-2652 range, If broken lower, could trade down to 2616.
AUDUSD Technical Analysis and Trade Idea👀 👉 The AUDUSD has recently displayed bullish momentum, but the price now appears overextended as it nears a significant resistance level. A potential buying opportunity could emerge if the price retraces to the 50-61.8% Fibonacci levels. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. 📊✅
AUD/USD - Potential Rebound from Support on 15-Minute ChartOn the 15-minute chart, if AUD/USD pulls back to the current support level, there’s a strong possibility of a rebound. This support has held well in previous sessions, and a bounce from this zone could signal a bullish move. However, it’s important to watch for confirmation with bullish candlestick patterns or volume increase before considering entry. A break below this support would invalidate the bullish outlook.
AUDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
AUDUSD: 400+ Pips Buying Move| Simple Analysis| Hey traders,
So, the USD might be getting weaker soon. There are some talks about a possible global recession, and that's making people nervous. As traders, we need to keep an eye on these things and see how they affect the currency market. If the price drops more towards the black box we marked, we might see a big jump in price. I'd say close the trade when it hits 200 pips and put a stop at the entry price.
Let me know if you have any questions or need anything else. Good luck
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.