AUDUSD Technical Analysis! BUY!
My dear followers,
This is my opinion on the AUDUSD next move:
The asset is approaching an important pivot point 0.6594
Bias - Bullish
Safe Stop Loss - 0.6571
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6626
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
AUDUSD
AU D Buy Idea 5/8/24Daily bearish trendline has broken and is now being retesting, so I am now looking at buys.
There's been a bullish impulse with a bearish correction (pullback) happening now. If price follows suit there should be a bullish continuation happening soon pushing price bullish.
This will have EMCers looking for entries Thursday or Friday to take price up to around .66722 for a -.27 TP.
**This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
AUDUSD - Bearish price action !!Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here I expect bearish price action as price took buy side liquidity and rejected from bearish order block + institutional big figure 0.67000. My target is imbalance lower.
Fundamental news: Tomorrow (GMT+3) we will see results of Unemployment Rate on AUD, news with high impact on currency.
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AUDUSD H4 | Bounce off 78.6%?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.6610, which is a pullback support close to the 78.6% Fibo retracement.
Our take profit will be at 0.6653, a pullback resistance.
The stop loss will be placed at 0.6562, which is a swing low 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.
AUD/USD: Potential swing trade long setupAUD posted a strong rally of 5% from the April low, before 67c capped as resistance. A choppy rage has since formed between 66c-67c, although it could also be a bull flag in the making. Whilst we wait for it to decide which of the two it is, we're looking at a cheeky swing trade long idea heading into the weekend.
The 1-hour chart shows a strong rally from US CPI, and recent prices action has retraced against that move. Prices are stabilising around the 20-day EMA, so perhaps it is close to a swing low. The bias is bullish whilst prices hold above the monthly pivot point (0.6610), but tighter risk management could be used if momentum turns higher (such as the recent swing lows).
The initial target is near the upper 1-day implied volatility band of 0.6657.
Bullish bounce?AUD/USD is falling towards a support level which is an overlap support that is slightly above the 78.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.6610
Why we like it:
There is an overlap support that is slightly above the 78.6% Fibonacci retracement.
Stop loss: 0.6575
Why we like it:
There is a pullback support level.
Take profit: 0.6677
Why we like it:
There is a pullback resistance level that lines up 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.
XAU/USD : CPI is coming , Bull or Bear ? (READ THE CAPTION)Taking a closer look at the #Gold chart on the 2-hour time frame, we see that the price has been following our previous analysis perfectly. It started its upward journey from $2296 and, with a solid gain of over 240 pips, reached $2320! Right now, gold is trading around $2313. Today, all eyes are on the US CPI data. If the numbers come in lower than expected, we could see the DXY drop, which might push gold up to new heights like $2330 and even $2348. On the flip side, if the data is higher than expected, we might see a different story unfold.
For support, gold has levels at $2288 to $2298, $2277, and $2266. On the supply side, keep an eye on $2350, $2358.4, and $2366.6. Exciting times ahead for gold traders!
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 13th June13th June
DXY: Could retrace, needs to stay above 104.60. If price breaks above 105, could retest resistance at 105.45
NZDUSD: Sell 0.6150 SL 20 TP 50
AUDUSD: Sell 0.6635 SL 20 TP 55
USDJPY: Look for reaction at 158 resistance
Buy 158.20 SL 30 TP 115 or Sell 157.80 SL 30 TP 125
GBPUSD: Retrace and reject resistance
Sell 1.2810 SL 20 TP 55
EURUSD: Sell 1.0880 SL 20 TP 80
USDCHF: Sell 0.8935 SL 15 TP 40
USDCAD: No setup for now
Gold: look for break of 2307 to trade lower to 2280 support
Aussie H4 | Pullback support at 50% Fibonacci retarcementThe Aussie (AUD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6630 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.6581 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level.
Take profit is at 0.6698 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. 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.
DXY Cheat Sheet Hello Traders,
By looking at the dollar index, we can see a zigzag pattern ( 5-3-5 ) forming.
Zigzag pattern is made of 3 waves:
Wave A = 5 waves
Wave B = 3 waves
Wave C = 5 waves
We are now in wave C= 5 waves, currently in subwave 3. Expecting USD weakness means XXXUSD Strength and USDXXX Weakness.
See lower timeframe:
DXY 4H - Ideally price retraces back to 50% - 61.8% fib. Wait for price to come back and then you can get in:
XXXUSD LONG
USDXXX SHORT
AUD/USD Edges Lower Amid Strong US Dollar and Robust US Jobs DatThe Australian Dollar (AUD) declined on Tuesday as the US Dollar (USD) maintained its strength, bolstered by robust US jobs data for May. This development has reduced the likelihood of two Federal Reserve (Fed) interest rate cuts in 2024. According to the CME FedWatch Tool, the probability of a Fed rate cut in September by at least 25 basis points has dropped to nearly 49.0%, down from 59.5% a week earlier.
Market Dynamics
Strong US Dollar: The USD continues to strengthen following impressive US jobs data, putting pressure on the AUD.
Reduced Rate Cut Expectations: The chances of a Fed rate cut in September have diminished, with current estimates showing a 49.0% probability, compared to 59.5% last week.
Australian Dollar Outlook
Despite the current downward pressure, the downside for the Australian Dollar may be limited. Traders anticipate that the Reserve Bank of Australia (RBA) will maintain higher interest rates throughout the year, providing some support for the AUD.
Technical Analysis and Strategy
Aligned with our previous analysis, we are looking for a recovery in the AUD price. Key points to consider:
RBA Rate Policy: Expectations that the RBA will keep rates elevated may help support the AUD against further declines.
Potential Rebound: Technical indicators suggest the possibility of a price recovery, with traders watching for signs of a bullish reversal.
In conclusion the Australian Dollar is facing downward pressure due to a strong US Dollar and robust US jobs data, which have reduced expectations for Fed rate cuts in 2024. However, the downside for the AUD may be limited as traders expect the RBA to maintain higher interest rates. In line with our previous analysis, we are monitoring for a potential recovery in the AUD, looking for bullish signals to confirm a reversal.
AUD/USD Gains Amidst USD Strength Post-US Jobs ReportThe Australian Dollar (AUD) recovered some ground on Monday after a decline in the previous session. This movement comes as the US Dollar (USD) strengthened due to better-than-expected US employment data released on Friday. The strong jobs report has led traders to push back their expectations for Federal Reserve (Fed) rate cuts, exerting pressure on the AUD/USD pair.
Market Analysis
1. USD Strength: The USD's resurgence is attributed to robust US employment figures, which have diminished the immediate likelihood of Fed rate cuts.
2. Impact on AUD/USD: This has resulted in downward pressure on the AUD/USD pair, as the market adjusts to the new expectations regarding US monetary policy.
Technical Insights
1. Oversold Conditions: From a technical perspective, the AUD/USD pair is currently in oversold territory, suggesting a potential rebound.
2. Support Area: The price is approaching a key support area, further indicating a possible reversal.
Trading Strategy
Given the current technical conditions and market dynamics, we are looking to set up a long position. The correlation with other USD pairs supports this strategy, as they also show signs of potential recovery against the USD.
Levels discussed during livestream 11th June11th June
DXY: retraced and consolidating, looking to trade higher towards 105.60 resistance.
NZDUSD: Sell 0.6115 SL 25 TP 35
AUDUSD: Looking for a reaction at 0.6570
USDJPY: Consolidating, Buy 157.50 SL 20 TP 45 (quick trade)
GBPUSD: Sell 1.2680 SL 20 TP 35
EURUSD: Sell 1.0720 SL 20 TP 45
USDCHF: Look for reaction at 0.9012 resistance
USDCAD: Buy 1.3790 SL 20 TP 50
Gold: Needs to stay below 2315 for bearish downside continuation, strong support at 2280, looking for a bounce
AUD/USD BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
The BB lower band is nearby so AUD-USD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 0.663.
✅LIKE AND COMMENT MY IDEAS✅
AUDUSD: AUD outlook adjusted upward in the short termAUDUSD: The AUD also has the prospect of an upward adjustment in the short term. Therefore, it is expected that ace can continue to maintain the buying trend with AUDUSD in the short term to the 0.6640 area and sell above this price range. In the context that the USD is adjusting to fill the gap
A cautious bounce for AUD/USD ahead of US CPI, FOMCFriday's nonfarm payroll report took many by surprise to send the USD dollar sharply higher against all of its major peers. And that clearly took it toll on the Aussie, which suffered its worst day in five weeks. A bearish outside week formed, all thanks to an elongated bearish engulfing candle on Friday.
AUD/USD managed a minor rebound from its 100 and 200-day EMAs on Monday, but it was a public holiday in Australia and China so the move is assume to corrective.
The 1-hour chart shows prices are sitting around the monthly pivot point and 38.2% Fibonacci level, so we're looking for a swing trade short whilst prices remain beneath 0.6630 and for a move down to 0.6560.
Aussie H4 | Falling to 61.8% Fibonacci supportThe Aussie (AUD/USD) is falling towards a swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6562 which is a swing-low support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 0.6502 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level.
Take profit is at 0.6633 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. 70% 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.
Levels discussed on Livestream 10th June10th June
DXY: Consolidating at 105.30, could retrace slightly, looking for a continuation higher to 105.60 resistance
NZDUSD: Test and reject 0.6140, Sell 0.6130 SL 20 TP 50
AUDUSD: Sell 0.6585 SL 20 TP 65
USDJPY: Complete retrace, Buy 156.75 SL 30 TP 65
GBPUSD: Sell 1.2745 SL 20 TP 60
EURUSD: Look for reaction at 1.0720
USDCHF: Buy 0.9030 SL 30 TP 70
USDCAD: Buy 1.3790 SL 20 TP 50
Gold: Needs to stay below 2315 for bearish downside continuation, strong support at 2280
Bullish bounce of pullback support?AUD/USD is falling towards a support level which is a pullback support that aligns with the 127.2% Fibonacci extension and could potentially bounce from this level to our take profit.
Entry: 0.65611
Why we like it:
There is a pullback support level which aligns with the 127.2% Fibonacci extension.
Stop loss: 0.65182
Why we like it:
There is a pullback support level that lines up with the 161.8% Fibonacci extension.
Take profit: 0.66400
Why we like it:
There is a pullback 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.