AUDUSD
Could AUD/USD be getting ready to visit .6850?? - AUHere I have AUD/USD on the Daily Chart!
Since price last visited the 2023/2024 Fall Support Zone making a Divergent Low @ .63623 , it has continued to move higher finding Support at a Local Support Zone!
After this we see a New High @ .67141! Using the Fib Tool from Divergent Low to New High, we are given a Fib Entry Zone where Price has already corrected too!
Currently, we see price is now struggling with the Fib Kill Zone!
-All this Price Action is happening just under a Falling Resistance and with this much built up pressure I believe we could see price make quite a move to the UPSIDE!!!
At Market Open, Price had opened WAYY above our Falling Resistance making a GAP to FILL and price has already done that!
-Price now is also trading ABOVE the 200 EMA
-If price can continue to stay above the Kill Zone, I believe it will have a good chance at Breaking the Local Resistance Zone and then onto the Dec. 2023 Resistance Zone @ .6850 Levels
WEEKLY FOREX FORECAST: UPDATES!! Wed July 17thWe are updating you on the Forecasts posted for July 15-19th.
Was the analysis accurate? Did we reach our targets? Was the Bias correct?
USD Index, EUR, GBP, CAD, AUD, NZD, CHF, (usdcad, usdchf)
SP500, Nasdaq, Crude Oil, Gold, Silver
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AUD/USD on a 15-minute timeframeThe blue highlighted area around the 0.67253-0.67288 level represents a strong support zone.
The price has tested this area multiple times and shown a tendency to bounce back from it.
The current price is around 0.67288-0.67276, which is near the support zone.
The resistance level is marked around 0.67547, indicating a potential target for the bullish move.
The projection indicates a potential bullish move from the support zone up to the resistance level around 0.67547. This suggests an expectation of a price increase after possibly forming a base around the support.
Consider entering a long position around the current price level (0.67288) or slightly lower, closer to the support zone (0.67253).
Ensure proper risk management by setting stop losses and monitoring key levels for any invalidation of the bullish scenario.
#AUDUSD: A Clean Bullish Move +1000 Pips| Swing Trading | AUDUSD in daily timeframe we witnessed a strong control over the growth of the price when we compare other USD pairs such as GBPUSD and EURUSD. This is mainly because the way AUD and Gold has been positively correlated to each other. In our view price will likely to grow in near time as many report suggest GOLD crossing $3000 if it happens then it would be very unlikely that price will remain quite and which why we can see a clean swing move worth of +1000 pips.
good luck and trade safe.
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
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.
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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.
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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.
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 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.
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