Bullish Outlook on AUDUSD - 9 June 2023Price is hovering above a key support zone at 0.6650, which is in line with the 23.6% Fibonacci retracement, on H4 timeframe. A throwback to this zone could present an opportunity to ride the bounce to the resistance zone at 0.6780, which coincides with the 100% Fibonacci extension. Price is above ichimoku cloud and 20 EMA, supporting our bullish bias.
Audusdbullish
AUDUSD H1: Bullish outlook seen, further upside above 0.6550Price is testing a key resistance zone at 0.6550 on the H1 timeframe, which is in line with the 38.2% Fibonacci retracement. A break above this upside confirmation level could provide the bullish acceleration to the resistance zone at 0.6620, which coincides with the 78.6% Fibonacci retracement. Price is holding above 20 EMA, supporting our bullish bias.
AUDUSD H1: Bullish outlook seen, further upside above 0.6660Prices are currently testing a key support zone at 0.6660 on the H1 timeframe. A throwback to this support zone, which is in line with the 23.6% Fibonacci retracement, could provide the opportunity to play the bounce to the resistance zone at 0.6720, which coincides with the 61.8% Fibonacci extension. Stochastic RSI is in the oversold region below 20, supporting our bullish bias.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Even now, if RISK ON for AUDUSD happens in the near future, it can definitely go UP. Therefore, AUDUSD currently has an UPSIDE BIAS.
Several RBA HAWKISH COMMENTS have been released. Also USD has become STRONG in short term with FED SENTIMENT. It will most likely be temporary. Therefore, STOCKS and COMMODITIES MARKETS are going down quite a bit. It is heavily influenced by the Australian dollar. And AUSTRALIA INFLATION DATA was very POSITIVE. Due to this, the RBA made a RATE HIKE.
- It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go up to the 0.7127 level. After that, if the MARKET RISK OFF, AUDUSD can SELL to the AUDUSD 0.6642 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. If the dollar becomes strong, you can sell until the level of 0.6552. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
AUDUSD M30: Bullish outlook seen, further upside above 0.6720Price is testing a key resistance zone at 0.6720 on the M30 timeframe. A break above the resistance zone could provide the bullish acceleration to the next resistance zone at 0.6780. Price is holding above the 20 EMA and Ichimoku cloud, and MACD is showing bullish momentum while ADX is above 25, supporting our bullish bias.
AUDUSD Long TermAUD Weakness will be Over in Near Future.
Bullish Momentum will resume near 0.65000-0.66000 Area.
Wait for Price Action to Confirm Bulls Entry in Order Block Zone.
Forex is only Suitable for those People Who Understand, and are Willing to Take on, the Financial and other Risks involved.
Please Ensure You fully Understand the Risks and Carefully Consider your Financial Situation and Trading Experience Before Trading.
The Analysis may Subject to Change at any Time without Notice and is Provided for the Sole Purpose of Assisting Traders To Make Independent Investment Decisions.
Patience | Discipline | Trade Management
AUSUSD M30: Bullish outlook seen, further upside above 0.6600On the M30 timeframe, prices are ranging between two key levels, 0.6600 and 0.6580. A break above the resistance zone at 0.6600, which is in line with the 38.2% Fibonacci extension, could provide the bullish acceleration to the next resistance zone at 0.6650. Failure to break above 0.6600 could see price fall further to the next support zone at 0.6520. Stochastics are in the oversold region below 20, supporting our bullish bias.
AUDUSD H1: Bullish outlook seen, further upside above 0.6720On the H1 timeframe, prices are testing a key support zone at 1.3580, in line with the 88.6% Fibonacci retracement. A throwback to this zone could present the opportunity to ride the bounce to the resistance zone at 0.6780, which coincides with the 100% Fibonacci extension. Prices have broken above the 50 EMA, supporting our bullish bias. Failure to hold above the support zone at 0.6720 could see prices fall lower to test the next support zone at 0.6700 which is in line with the graphical low.
Bullish outlook on AUDUSD: 8 February 2023Prices have broken above a key resistance zone at 0.6980 on the H1 timeframe. A throwback to this level, which coincides with the 38.2% FIbonacci retracement, could provide the bullish acceleration to the next resistance zone at 0.7050, which is in line with the 61.8% FIbonacci retracement. Prices are lying above the Ichimoku Cloud as well, supporting our bullish bias.
AW Aussie Dollar Analysis - The Bulls Are In Control...The corrective idea from the previous video has flown out the window with a break of the highs.
I see prices moving higher from this point. I believe Wave 3 is now playing out.
Whether it can be conceived that the correction was so small for Wave 2 could indicate overall Wave 3 price action.
From here we need to break a couple of levels and then we should see prices rise significantly.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Even now, if RISK ON for AUDUSD happens in the near future, it can definitely go UP. Therefore, AUDUSD currently has an UPSIDE BIAS.
Several RBA HAWKISH COMMENTS have been released. Also USD has become STRONG in short term with FED SENTIMENT. It will most likely be temporary. Therefore, STOCKS and COMMODITIES MARKETS are going down quite a bit. It is heavily influenced by the Australian dollar. And AUSTRALIA INFLATION DATA was very POSITIVE. Due to this, the RBA made a RATE HIKE.
- It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can rise up to the 0.7150 level. After that, if the MARKET RISK OFF, AUDUSD can SELL to the AUDUSD 0.6780 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start to fall further. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
AUD/USD LongCurrently we are dealing with a messy pair. In the beginning when i started to share my ideas , i was bullish on this pair which I had a loss , then i decided to short where it hit the entry level leaving me stalemate.
Now completing a SHS pattern, i think it will go upside even-though is a risky trade .
My targets are :
Third : 0.6926
Second: 0.69
First: 0.68730
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Even now, if RISK ON for AUDUSD happens in the near future, it can definitely go UP. Therefore, AUDUSD currently has an UPSIDE BIAS.
Several RBA HAWKISH COMMENTS have been released. Also USD has become STRONG in short term with FED SENTIMENT. It will most likely be temporary. Therefore, STOCKS and COMMODITIES MARKETS are going down quite a bit. It is heavily influenced by the Australian dollar. And AUSTRALIA INFLATION DATA was very POSITIVE. Due to this, the RBA made a RATE HIKE.
- It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can rise up to 0.7100 LEVEL. After that, if MARKET RISK OFF, AUDUSD can SELL to AUDUSD 0.6552 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
AUDUSD buying opportunity | 1 December 2022On the H4 timeframe, an ascending AUDUSD came to tap the 0.67500 resistance zone several times where a falling wedge can be seen and a slope of higher lows began forming after 21 November. By around 1 December supply became exhausted and gave in to growing demand, where price finally broke through the 0.67500 resistance-turned-support zone. Price was also fuelled by a shift to risk-on market sentiment following hints at a potential easing of Covid restrictions in China, while the Greenback nosedived after dovish FOMC statements further elevating AUDUSD. We expect price to come back and test the new 0.67500 support level where we forecast a subsequent bounce to the next resistance level at 0.68900. Stochastic RSI has dipped into oversold conditions, while an upswing above the Moving Average of the Bollinger band while currently staying within the upper bound indicates a bullish direction.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Due to RISK ON for AUDUSD, there is currently an UPSIDE BIAS for it. The main reason for that is that the US ELECTION was won by the REPUBLICANS and the US CPI DATA is NEGATIVE. Therefore, STOCKS and COMMODITIES MARKETS are going up a bit now. It is heavily influenced by the Australian dollar. And the AUSTRALIA INFLATION DATA was very POSITIVE that day. Due to this, the RBA made a RATE HIKE.
- It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go up to the 0.6850 level. And before that, AUDUSD can SELL to the 0.6447 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Due to RISK ON for AUDUSD, there is currently an UPSIDE BIAS for it. The main reason for that is because MARKET RISK is ON, STOCKS and COMMODITIES MARKETS are now slightly UP. It is heavily influenced by the Australian dollar. And today AUSTRALIA INFLATION DATA was very POSITIVE. Due to this, the RBA made a RATE HIKE.
- It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go up to 0.6600 LEVEL. And after that, AUDUSD can SELL to the 0.6000 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.