AUDUSD
Levels discussed on livestream 17th July17th July
DXY: Look for price to retest 104 round number support and look at reaction. If price break 104 could trade down to 103.50
NZDUSD: Sell 0.61 SL 20 TP 50
AUDUSD: Sell 0.6710 SL 30 TP 70
USDJPY: Sell 157.10 SL 40 TP 120
GBPUSD: Buy 1.3010 SL 20 TP 80 (Hesitation at 1.3040)
EURUSD: Buy 1.0925 SL 20 TP 55
USDCHF: Sell 0.8890 SL 25 TP 55
USDCAD: Sell 1.3655 SL 20 TP 50
Gold: DXY weakness, price to trade higher, break 2480 up to 2500 or even 2520
AUDUSD: Pullback From Support 🇦🇺🇺🇸
I think that AUDUSD may bounce from a solid intraday horizontal support.
I see a bullish breakout of a resistance line of a falling
parallel channel after its test.
The price may reach 0.6746 level today.
❤️Please, support my work with like, thank you!❤️
The AUD/USD is set for a medium to long-term epic rally.FOREXCOM:AUDUSD
Since I began trading forex in 2008, I have focused extensively on the Australian dollar. Over the years, I have developed a profound understanding of this currency and the behaviors of its market participants. It is well-known that different currencies exhibit unique characteristics due to the distinct nature of their traders. The varying behaviors of these participants ultimately shape the currency’s inherent traits.
My deep knowledge of the Australian dollar's unique characteristics has enabled me to capitalize on its movements. In 2021, I achieved an extraordinary 10,000% annualized return by trading AUD-related currency pairs, thanks to my unconventional analytical framework.
At the current exchange rate, the AUD presents an excellent buying opportunity. We are witnessing directional capital flows in the market, a crucial indicator of a medium to long-term trend. I predict that the AUD/USD will reach the key level of 0.8 by the end of this year or early next year, and this rally is expected to unfold rapidly.
Bearish momentum returns for AUD/USDThe Aussie fell for a second day and mostly erased gains made from the prior six. Whilst it found support at the May high, the shift in momentum at 68c suggests there could be some further downside potential, even if just to 67c or the breakout level around 0.6690. The daily RSI (2) is not yet oversold either.
A bearish trend has developed on the 1-hour chart. Prices recouped some of their losses in the final hours of the NY session, although the low volumes suggest the move is corrective.
Bears could sell at market or fade into moves towards the 0.6740 area, near the weekly S1 pivot and 38.2% Fibonacci level. Bears could initially target the lows around the May high, a break beneath which brings 67c and 0.6690 into focus.
Potential bullish rise?AUD/USD has reacted off the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could rise to our take profit.
Entry: 0.6712
Why we like it:
There is an overlap support level which lines up with the 50% Fibonacci retracement.
Stop loss: 0.6675
Why we like it:
There is a pullback support level.
Take profit: 0.6761
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Bullish BreakoutAUD/USD is currently on a support zone which the price has been respecting several times in the past and could rise to the upside.
AUDUSD Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for AUDUSD below:
The instrument tests an important psychological level 0.6782
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.6772
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
AUD/USD To Start A New Upside Move?A Hawkish RBA stance, likely to hold rates for some time is a contrast to a FED looking at a softer landing.
This difference, particularly in recent times has shown fully. AUD strength has been sustained, whereas lower inflation data has supported the case for easing and brought USD weakness.
After lower highs and higher lows have formed a tight price range, you can now see AUD pushing to the upside, towards new shorts zones above.
Likely this will continue as sentiment influx does likewise. Short Zones noted above inline with previous short zones (see above eclipse).
Long zones are ideal on any falls.
AUD-USD Long From Support! Buy!
Hello,Traders!
AUD-USD is going down
To retest the horizontal
Support of 0.6703 and
As the pair is in the uptrend
We will be expecting a
Bullish rebound
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
US Retail Sales & Cad CPI Data Pending16th July
DXY: Look for price to retest 104 round number support. Look for reaction at support. If BAD retail sales, price could break 104 to trade down to 103.50
NZDUSD: Look for reaction at support
Buy 0.6065 SL 20 TP 55 OR Sell 0.6040 SL 20 TP 55
AUDUSD: Buy 0.6750 SL 25 TP 50
USDJPY: Sell 157 SL 50 TP 120
GBPUSD: Buy 1.30 SL 20 TP 90
EURUSD: Buy 1.0925 SL 20 TP 55
USDCHF: Could trade down to 0.8920 and 089
USDCAD: Buy 1.3710 SL 20 TP 45 (CAD CPI Pending)
Gold: DXY weakness, price breaks 2450, could trade up to 2500
AUD/USD Bullish Pennant Breakout: Trade SetupThe AUD/USD pair has formed and broken out of a bullish pennant pattern on the daily chart, indicating potential for further upward movement. This technical setup aligns with a continuation of the bullish trend.
Trade Setup:
SL: 0.6700
TP: 0.6850
AUD/USD swing trade setup
This AUD/USD pair could completed its correction already
Wave (1) = diagonal
Wave (2) = complex correction W-X-Y (expanded triangle)
Wave 1-2 (expanded flat completed last night 26/6/2024) of 3
If this wave count is valid, possible short term target (days-weeks) are
1) 0.68
2) 0.694
Price should not go lower than 0.664
If it goes lower than 0.658 -> this idea will be invalidated
Looking at DXY, this bullish idea may be possible
EUR/USD : More Bullish Movements ? (READ THE CAPTION)By analyzing the EUR/USD chart on the 4-hour timeframe, we observe that the price is trading around the 1.09090 level. As you know, the price is within a supply zone. However, given the context, we are likely to see this resistance break. If the support holds within the 1.088 to 1.08880 range, we can expect further growth for the EUR/USD.
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
Levels discussed on Livestream 15th July15th July
DXY: Needs to stay below 104.50 to remain bearish, look for completion of retracement to retest 104 round number support level.
NZDUSD: Buy 0.61 SL 20 TP 50
AUDUSD: Sell 0.6785 SL 20 TP 55
USDJPY: Sell 157.50 SL 60 TP 160
GBPUSD: Buy 1.3020 SL 30 TP 70
EURUSD: Sell 1.0875 SL 20 TP 65 (Hesitation at 1.0850)
USDCHF: Looking for reaction at 0.89
USDCAD: retrace and break higher, Buy 1.3660 SL 20 TP 90 (Hesitation at 1.37)
Gold: Needs to break 2420 to trade up to 2450
AUDUSD D1 - Short from 0.6900AUDUSD D1
Another setup here which involves the USD. We had previously been looking to catch longs from this 0.67 handle price. We pulled back somewhat on the H4, but not quite enough to trigger our 0.67 alerts. As we start the fresh trading week, we are extended higher, with targets on that 0.69 handle.
AUDUSD could be offering a monster 200 point trading range here. From 0.67 to 0,69, with lots of void in between. Therefore fairly fast paced, directional trading for this instrument (typically a bit rare due to AU's slow trading nature).
AUDJPY - Looking Toppish! BIG Drop Inbound!All JPY pairs look like they're at the very top of their patterns.
AUDJPY is currently confined within a parallel channel and we're at the very top of the pattern.
We are now looking for any reversal signs on lower timeframe to indicate that the top is in. There's a number of ways this can be done.
1. Trendline Break
Watch for price to break a trendline that price has been respecting
2. BOS
Watch for price to break a significant swing point
3. Moving Average break
Watch for price to break a moving average that has been respected well
Any of these could be the first signs that the reversal is taking place. If we get more than 1 signals, it will give us even greater confidence that the reversal is taking place.
These methods can be applied to any timeframe.
For the higher timeframe, the break of red trendline shown in the chart can be used as an indication that the reversal is taking place.
What do you guys think?
Goodluck and as always, trade safe!
AUDUSD W pattern completion - Can FallAUDUSD has reached an area where it has completed a complex W pattern. There are a few levels and zones (as on the chart) to be watched.
When W pattern completes, a correction comes. This idea is on the daily time frame, so wait for a confirmation on smaller time frame to execute trades.
If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
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 :-)
Is Australian Dollar (AUDUSD) on the verge of collapse?
This is CoT index of Australian Dollars. As you can see every time Commercials(blue line) are in long term(3-year) negative extreme AND Retailers(green line) are in positive extreme, the asset tanks.
The vertical blue lines are the past identical situations. The last time we had this condition was September 2017 which resulted in multi-year downward momentum.
Here is the commercials net position. The last time they were negative in net positions was July 2020. which resulted in AUD going down up to now. Now they are negative again.
This is Retailers net positions. Interesting part is whenever their net position is around 10,000, AUDUSD seems to go down.
On top of that the 5, 10, and 15-year seasonality trends indicate that the market typically reaches its peak around July 24. Therefore, it is expected to decline from that point onward.
AUDUSD - A solid upwave expected Pair is moving in the direction ⬆️ and has a decent breakout recently.
We expect further upward movement.
After finishing its retest @ .673 Post PPI, Saddle Up AUDUSDMorning,
My thoughts and research lead me to believe the PPI will come in more or less in line, +.1 MoM and the Aussie back will finish cleaning up orders/retest at the EMA 200 ~.673 and continue its March toward .70+. Continued market sentiment around optimism for rate cuts will continue to put pressure on the dollar, likely setting up a new range.
Low Risk Buy Area .673 (EMA 200) and .675 (EMA 100)
TP1 .67800
TP2 .68
+700pips into weekend
Good Luck.
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 0.6757 which is an overlap support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 0.6723 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is at 0.6798 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.
