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Audusdbuy

The tone has taken a turn. More downside for AUDUSDThere are two new macro uncertainties we are going through right now. 1. Omnicron strain 2. Fed bringing forth the date to raise rates Both of which spells trouble for the global economy which explains the risk off attitudes we are seeing in the market this week. We should see more downside come for the aussie dollar in the coming weeks unless there is a 180 degrees shift in macro sentiments. BEAR CASE It looks like price is ready to dump from here to retest the 0.67 levels. BULL CASE If we see a short consolidation to the upside this coming week, we will be looking for our shorts.
Short
by IkanBilisCapital
AUD/USD Forex Signal: Extremely Bullish Above 0.7170Bullish View Buy the AUD/USD and set a take-profit at 0.7230. Add a stop-loss at 0.7070. Timeline: 1-2 days. Bearish View Set a sell-stop at 0.7100 and a take-profit at 0.7000. Add a stop-loss at 0.7200. The AUD/USD pair wavered on Thursday morning as the market reflected on the hawkish tone by the Federal Reserve chair and the positive numbers from the US and Australia. The pair is also wavering as investors focus on the upcoming jobs numbers from the United States. The pair is trading at 0.7143, which is slightly higher than this week’s lowest point. Hawkish Federal Reserve The biggest catalyst for the AUD/USD and the US dollar has been the relatively hawkish statement by the Federal Reserve chair. On his first day of congressional testimony, Jerome Powell sent shockwaves by his statement on quantitative easing and tapering. He said that the central bank will continue tapering its asset purchases at a quicker pace than expected. In its interest rate decision in November, the bank signalled that it will end its purchases in June next year. Therefore, there is a likelihood that the bank will now wind down the policy in the first quarter of 2022. This statement will therefore put pressure on the Reserve Bank of Australia (RBA), which will start its meeting on Monday and deliver its decision on Tuesday. There is a likelihood that the bank will signal that it will start hiking rates earlier than 2024. In the previous meeting, the bank signalled that it will hike in 2024. Therefore, with data from Australia being relatively strong, there is a likelihood that the bank will also turn hawkish next week. On Wednesday, data published by the country’s statistics agency showed that the economy contracted by 1.9% in the third quarter. This was a better figure than the median estimate of -2.7%. The economy grew by 3.9% on a year-on-year basis, In addition, the manufacturing sector did well in November, according to numbers by Markit and Australia Industry Group. And today, numbers showed that the country’s retail sales rebounded in October. AUD/USD Forecast The four-hour chart shows that the AUD/USD pair declined to a low of 0.7065 this week. This price was along the first support of the standard pivot points. It then rebounded and is now trading at 0.7130, which is slightly below the standard pivot point. The pair is still below the 50-day moving average while the MACD has started moving upwards. Therefore, the pair will likely keep rising as bulls target the first resistance at 0.7230.
BITSTAMP:BTCUSDLong
by SmoothJB
Is there still downside for the AUDUSD? The AUDUSD moved down as we predicted last week. I hope you guys took the trade. The price is now trading in a neutral zone and we've to proceed with caution. If we look at 2013, the last time the fed announced a taper, the price of AUDUSD dumped all the way down to the bottom of the channel and beyond and this time round it could be the same. We've a neutral bias for the AUDUSD this week. BEAR CASE Price look due for some upward consolidation before dumping down to the 61.8 or even to the bottom of the channel where it coincides to with the 0.725 level. BULL CASE If the fed taper is already priced in and the market is bullish on this risk on currency, 9.757 and 0.768 are in play. PS: If you control your risk, take both sides of the trade and and time your entry perfectly with a 1:3 risk reward ratio. There is still profit to be made even if you're direction neutral. Making money in the markets has always been mind over matter. Control only what you can.
by IkanBilisCapital
AudUsd- Reversal underway?In mid-August, AudUsd started to rise and correct the down move, and at the beginning of September, a new leg down took place. However, this new leg down couldn't make a new low, but a higher low instead which puts under question the medium-term downtrend. The last breakdown has proven to be a false one and AudUsd quickly recovered losses. At this point, the chart structure is very constructive and indicates bullish momentum for the coming days. I will look to buy dips for a break of 0.73 resistance and continuation to very important 0.75 zone
Long
by Mihai_Iacob
14
AUDUSD: Best Sell ZonePlease study my related idea below to gain a larger perspective on this trade setup. I will be looking to eliminate this minor liquidity before bouncing from the demand above. This typical pattern is likely to have created a potential stop loss hunt to come. We can use this to our advantage if we wait and get involved after this purge. Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain of the markets. This information given is not financial advice, always do your own research. Thank you for reading, Cheers to many pips!
Short
by AlkalineFX
4
AUDUSD: Don't Miss This!!!AUDUSD broke out impulsively from the head and shoulders pattern leaving huge amounts of liquidity. Price attempted to break away with the bulls recently but failed. This leads me to believe that price will come to test below the low before bouncing from the daily demand region. Once we get this bounce we can expect complete reversals into our liquidity point marked. Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain of the markets. This information given is not financial advice, always do your own research. Thank you for reading, Cheers to many pips!
Long
by AlkalineFX
4