"AUDUSD: Bullish Momentum Towards 0.6700+"AUDUSD is anticipated to experience an upward trajectory in the near future. The price recently reached a crucial support level at approximately 0.6400, and subsequently, the market exhibited a notable surge in momentum.
This positive price action suggests a potential bullish trend in the making. Traders and investors can reasonably expect the price to ascend towards the prominent resistance zone between 0.6700 and 0.6740, where a trendline convergence may offer significant trading opportunities.
AUDUSD BUY 0.6430
TP1 - 0.6700
TP2 - 0.6740
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Audusdforecast
Will AUDUSD will fall sharply?AUDUSD is a forex instrument that has 5.4% of trading volume.
The Instrument has been in a falling wedge pattern and seems to continue its trend for some time.
It has touched the above trendline and might break the rectangle pattern to the downside. If it happens, it might give a violent move to the downside.
Once it breaks, wait for the retest, and then enter after the retest. It might be a nice trade with RR: 1:2.5.
Reasons :
If it breaks to the downside, it will also break VWAP to the downside, which might trigger the selling moment.
RSI has already shown weak strength, and the trendline is broken to the downside in RSI.
Price < 13 EMA < 200 EMA (Weak Trend)
Bearish pattern formation for 3rd wave.
Verdict :
Bearish if breaks downside.
Plan of action:
Short after downside breakout retest
AUDUSD SHORT!!!Hey Traders!
What we see on AU is quite clear, we making a bearish structure in LTF, so we have permission to enter with half risk without confirmation from HTF,
So guys manage your risk not more than 0.5%,
I will update you if I see any sign of bullish move,
Good luck,
Any question comment me bellow!
@FxShd Team
AUDUSD Analysis 14Sep2023To observe a positive trend for AUDUSD in the bullish market, certain obstacles need to be overcome. This includes breaking through resistance areas and trendlines to determine the direction of the bullish trend. The resistance zone appears to be the initial target, with a high chance of the price responding positively to it.
AUDUSD SHORT TermVSELLING Trading IdeaHello Traders
In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET
today AUDUSD analysis 👆
🟢This Chart includes_ (AUDUSD market update)
🟢What is The Next Opportunity on AUDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
AUDUSD, SHORTAUDUSD has selling for the past 8 consecutive weeks since 12th Jul 2023 to date.
Price is currently making upward corrections and i expect it to fulfill the fibo retracement conditions and then short further to the next significant level at 0.62780.
The DXY is on the front foot of strengthening more and that could even ignite more shorts on AUDUSD.
There is important news on USD coming up from Wednesday to Friday on CPI, PPI and unemployment claims and others so let us keep tune on it.
All the best traders.
AUD/USD IN 15 MINS TIMEFRAME.The AUDUSD is likely to reach the support level and then bounce back. If you are trading on AUDUSD then wait for the drop and make your entries precisely. A close below the support level will invalidate this forex trade.
Note: This update is only meant for scalping trade and not for mid to long-term holdings. DYOR before investing.
AUDUSD I Downside bias and short-term potential longWelcome back! Let me know your thoughts in the comments!
** AUDUSD Analysis - Listen to video!
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AUDUSDIt is not a signal, just an attempt to analyze the direction..
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
The AUDUSD Showdown: Bulls, Bears, and a Tale of Two ContinentsGrab a cuppa, Forex enthusiasts, because we've got a drama unfolding in the currency market that's more gripping than a cricket Ashes series. The star of this financial soap opera? The AUDUSD currency pair, and let me tell you, it’s been a rollercoaster of a year. Imagine it like a chess match, except the kings are central banks and the knights and bishops are economic indicators. Confused? Don't worry, we’re breaking it down.
Scene One: Technical Tidbits
So, the AUDUSD has slipped to 0.6450 from an already modest 0.6500 earlier this week. That's not a cliffhanger; it’s a downhill slide that's been going on since the New Year’s fireworks. If this were a reality show, Team Bear would be winning, and Team Bull would be eyeing the exit.
The Chart Gossip
Picture a 200-day moving average as that posh, elusive club everyone wants to get into but can't. The AUDUSD is trading _below_ this VIP line, essentially making it the social outcast of currency pairs. Adding fuel to the fire, our pair is also entangled in a 'descending triangle pattern,' which in trader jargon means, "Don’t expect a U-turn any time soon, mate!"
Scene Two: The Fundamentals Face-off
Now let’s zoom out from the charts and plunge into the juicy, real-world stuff. What’s actually pushing our Aussie-US duo into this downslide?
Central Banks: A House Divided
The U.S. Federal Reserve and the Reserve Bank of Australia are like that couple we all know — in a complicated relationship. While the Fed is hiking up interest rates like a mountain climber scaling Everest, the RBA has nearly run out of gas. This disconnect is like a magnetic force, pulling the AUDUSD even lower.
The Aussie Battleground
Australia’s economy is looking a bit under the weather. We’re talking trade wars with the US, economic slowdown, and even our big buyer, China, cutting back on shopping sprees. A sluggish Aussie economy? Not exactly a crowd-pleaser for AUD investors.
The Chinese Domino Effect
Don't forget China, Australia’s main squeeze for exports. If China sneezes, Australia catches a cold, as the saying goes. The slowing Chinese economy, caught in its own trade war saga, is causing a decrease in demand for Aussie goods, adding another log to the AUDUSD’s funeral pyre.
Should You Dance with the AUDUSD?
You might think trading AUDUSD is like dating a bad boy: full of thrills, thanks to its high liquidity and yummy spreads. But let me tell you, folks, the excitement comes with caution stickers all over. It's a high-risk, high-reward game.
In a Nutshell
The ongoing drama surrounding AUDUSD is the Shakespearean tragedy of the Forex world, and the forecast doesn't look like a romantic comedy. We're talking diverging central bank policies, a weakening Australian economy, and China's fading appetite for imports. It's a triple-threat that points to a continued bearish outlook for the AUDUSD.
So, whether you're Team Bull or Team Bear, keep your wits about you. The AUDUSD market isn't for the faint-hearted, and it demands that you keep your finger on the pulse of global economic theatre. Curtain's down, but the next act promises to be just as riveting!
AUDUSD Analysis 1Sep2023Seeing the movement in the last few days, Audusd is likely to be correction with a bullish target in the SND area above. The price has not changed to the bullish trend as long as it hasn't risen more than the SND area. Although at this time the price has break Trendline bearish and forms 2x new high, but has not met the requirements indicating a positive price reversal
AUDUSD Long Term BUYING Trading IdeaHello Traders
In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET
today AUDUSD analysis 👆
🟢This Chart includes_ (AUDUSD market update)
🟢What is The Next Opportunity on AUDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURUSD and AUDUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AudUsd could rise and test resistance (short term outlook)Recently, AudUsd has dropped under important 0.65 support.
Alter a low at 0.6365, the pair find bids and has formed a bottom.
With DXY in a correction mode, here also we could see some gains and a retest of the broken level.
As long as the 0.64 zone is intact, I favor gains for this pair