AUDUSD: Bearish ShiftAUDUSD printed Bearish Divergence on RSI followed by a breakout of Trend Line suggesting a Bearish Shift. Entry is recommended at 38.2% retracement level of current price.
Audusdforecast
AUD USD TRADE SETUP AUD USD TRADE SETUP
AUD USD is currently retesting a support key level.
Currently looking for SELL confirmation on the lower timeframe of 30 mins.
Plan B, if the price breaks above we need to see a retest before looking for BUY entries
AUDUSD Potential Short Opportunity Bearish Bat Harmonic PatternThe AUDUSD pair is currently exhibiting a potential Bearish Bat Harmonic Pattern (XABCD) formation, coupled with its proximity to a significant resistance level. This suggests a possible reversal in trend momentum, with bearish indications expected to strengthen from Point D onwards.
Harmonic Pattern Analysis:
The Bearish Bat Harmonic Pattern (XABCD) is emerging on the AUDUSD chart, indicating a potential reversal of the current uptrend. The completion point (Point D) of this pattern aligns closely with the key resistance level, adding further confluence to the bearish scenario.
Entry and Stop Loss:
We recommend taking a short position at 0.65200, anticipating the reversal from Point D. A stop loss should be placed at 0.65900 to mitigate potential losses in case of a breakout above the resistance level.
Take Profit Targets:
TP-1: 0.64520
TP-2: 0.63820
TP-3: 0.63128
Rationale:
The decision to enter a short position is supported by the confluence of the Bearish Bat Harmonic Pattern and the key resistance level. This setup suggests a high probability of a bearish reversal, with potential downside targets identified at various support levels.
Risk Management:
It's crucial to adhere to proper risk management principles when executing this trade. By maintaining a disciplined approach to position sizing and adhering to the specified stop loss level, traders can effectively manage their risk exposure.
Conclusion:
Based on the technical analysis, a short position on AUDUSD is recommended, with entry at 0.65200 and a stop loss at 0.65900. Take profit targets are set at 0.64520, 0.63820, and 0.63128. This analysis aims to capitalize on the anticipated bearish momentum following the completion of the Bearish Bat Harmonic Pattern and the resistance level confluence.
AUDUSD: Asian foreign exchange was little changed, the dollar leThe greenback fell from a almost five-month excessive after Powell`s remarks
The greenback index and greenback index futures fell barely in Asian trading, extending in a single day losses after Federal Reserve Chairman Jerome Powell gave blended indicators on a reduce. lessen US hobby fees.
While Powell stated the Fed might subsequently reduce hobby fees later this year, he gave scant indicators at the timing and length of cappotential cuts. Powell additionally stated the crucial financial institution will want to be extra assured that inflation is shifting towards its annual goal of 2%.
Powell's remarks come simply in advance of key March nonfarm payrolls data, due out on Friday. Steady inflation and the electricity of the hard work marketplace are the Fed's largest issues in its capacity to reduce hobby fees.
Ahead of the hard work data, there has been additionally recognition on speeches from different participants of the Fed's hobby rate-placing committee. FOMC participants Michelle Bowman and Thomas Barkin will communicate at separate occasions afterward Thursday.
Time for LONG ?Hello Traders, I hope you doing great.
for upcoming week, I think we'll probably see an Upward trend on AUDUSD and a downward correction on DXY$.
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AUDUSD WYCKOFF BULLISH HELLO FRIENDS
AUDUSD had created a Harmonic Pattern which called Wyckoff and tested a strong Weekly based support zone now we are looking for more bullish move in this pair with very low risk entry Friends it's just a trade idea shares Ur thoughts with us and stay tuned for more updates.
AUDUSD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: As we can see here price broke the structure and started to form higher highs and higher lows, so now I look for long position. I expect price could continue the retracement to fill the imbalance lower and then to reject from bullish order block.
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AUDUSD - Shark Harmonic Pattern Formation Detected-Bearish TrendAUDUSD is currently forming a Shark Harmonic Pattern (XABCD) on the 4-hour time frame. This pattern is characterized by specific Fibonacci ratios between the price swings. The completion point, Point D, coincides with a key Resistance level, indicating a potential reversal.
Trendline Analysis:
In addition to the harmonic pattern, there is a significant Trendline acting as a dynamic resistance level, further supporting the bearish outlook.
Entry and Stop Loss:
Based on the analysis, a prudent entry point is identified at 0.64800, just below Point D. To manage risk, a stop loss is recommended at 0.65350, above the recent swing high and the pattern completion point.
Take Profit Targets:
Three take profit targets are set to capitalize on potential downward movement:
TP-1: 0.64270
TP-2: 0.63740
TP-3: 0.63200
Risk Management:
The risk-to-reward ratio for this trade is carefully considered to ensure favorable risk management. The potential profit targets offer a balanced reward relative to the risk taken with the stop loss.
Conclusion:
With the Shark Harmonic Pattern formation, along with the confluence of the Trendline and key Resistance level, the technical analysis suggests a bearish momentum in AUDUSD. Traders may consider entering short positions with the specified entry, stop loss, and take profit levels, keeping risk management principles in mind.
Bought the dip in AUD/USD, did you buy too ?Hello traders, on account of US Dollar demand across the board due to news about the escalating Iran-Israel conflict, AUD/USD fell quite rapidly during the Asian Trading session on Friday.
However, the price has made a quick recovery since then. AUD, considered a risk asset mostly falls during times of geopolitical tensions and economic crises. . However, I went long in AUD/USD@0.6370 level as I feel markets will recover soon.
That being said, the key support level lies at 06270. In case, AUD/USD continues to go up from current levels, the first target for the bulls would be the 100-day EMA level at 0.6540
AUD USD TRADE SETUPAUD USD is currently retesting a major key support level.
Waiting for candlestick confirmation patterns to get a sell entry
AUDUSD Long (24/04)Price for AUDUSD may be looking to turn after a week of selling. It has left a wick below, signalling rejection.
An order block was drawn, in hope to ride out the sell - however it was broken through, leading to the confirmation of the above. Using the breaker block I’m using the highest recent point for my first take profit and the swing highs as my future take profit points.
N.B.: Do your own research do not take my analysis as financial advice. Thank you
AUDUSD - Potential sell idea ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from FIBO 0.618 level.
Fundamental news: This week on Friday will be released Unemployment Rate on AUD, news with high impact on currency.
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AUDUSD: The dollar headed for a second weekly gain amid interestThe US dollar is on track to gain for a second straight week today, underpinned by a strong US economy that has changed expectations for an interest rate cut by the Federal Reserve. The greenback's 0.17% gain for the week was tempered after Thursday's warning message from financial leaders in the US, Japan and South Korea regarding the weakness of the Japanese yen and won by South Korea, suggesting the possibility of coordinated intervention.
Asian currencies have been hit particularly hard by a stronger dollar. Carol Kong, a currency strategist at Commonwealth Bank of Australia, noted the importance of the joint statement and acknowledged the growing possibility of Asian foreign exchange intervention. However, Kong expressed uncertainty about US involvement, arguing that a stronger dollar would h
AudUsd LongI am going long on AudUsd as it has retested the support trend line and it has broken the resistance trend line. First TP is at the first zone. If it fails to go long and breaks the support below and closes below, my setup will be invalid
AUD/USD key S/R levels, +160 Pips potentialHello traders, I hope you had great profits by selling AUD/USD last week. In my previous AUD/USD idea, I recommended selling AUDUSD@0.6620 zone, that call generated over 180 pips profit. Currently, AUD/USD has bounced off the support zone by almost 30 pips.
This makes me wonder, if there is a potential long entry here. So, if the support level that I had indicated in my chart holds, I would recommend traders to buy AUDUSD@0.6450-0.6475 with
stop loss below the support zone and TPs at 0.6542 and 0.6642.
AUDUSD Triple Top & Trendline Breakout ShortWe expect further downside on this pair, signalled by the formation of a triple-top pattern. We can also see the breakout of a counter-trendline supports our directional basis
AUD/USD struggles in the hourly chart, probable sell opportunityHello traders, AUD/USD has been struggling to clear the 0.6620-0.6650 resistance zone.
We have observed multiple bearish candlesticks on the hourly chart.
So, if price continues to struggle here, there could be a potential short opportunity
with initial target at 0.6550 level.
Keep in mind that this is the hourly chart, so even if you sell, consider taking profit
if price moves 30-35 pips in profit
AUDUSD IS READY TO START GOING UPWARDS!AUDUSD is currently at a very powerful support level.. the next target is the resistance level all the way at the top. There is also a strong level of support with the trend line below.
This is a very good buy opportunity - huge profit potential.
AUDUSD Short Term Sell IdeaH4 - Bearish trend pattern followed by a pullback.
Bearish convergence.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
AUDUSD: AUDUSD Analysis April 11Australian consumer inflation expectations increased in April
Australian consumer inflation expectations for April: 4.6%
Previous: 4.3%
The RBA will not want to see inflation expectations become out of control.
AUDUSD✔️Corrective Movement Area✔️AUDUSD Analysis
✔️AUDUSD is moving in the Descending channel and the market has reached the lower high area of the channel!!!
✔️AUDUSD is expected to fall
🔴Recommended to consider Selling from Seller Limit Zone.
AUDUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity AUDUSD
I still did my best and this is the most likely count for me at the moment.
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AUDUSD Bullish continuation**Monthly Chart**
March 2024 monthly candle closed as a reversal doji candle after breaking the high of the previous candle, then closed near the low of the March candle. This indicates that AUDUSD has a strong probability to start moving higher.
**Weekly Chart**
Last week's candle closed as an engulfing candle after taking the high of the previous week's candle. The reason is that it didn’t take the low as it reversed near it. This indicates that the price will likely start moving higher in the coming weeks.
**Daily Chart**
Last week AUDUSD coiled near a relatively equal weekly low (demand zone), created a manipulation candle and started moving higher. This indicates a continuing bullish move at least towards 0.66500 level and then 0.67000
AudUsd LongI am going long on AudUsd as it has tested the resistance/support zone and has broken the trend line. Should it break the previous support zone, my setup will be deemed invalid.
