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.
Audusdforecast
DECKING THE CHART: AUDUSD shows sign of bullishnessHello Traders,
Trust you are doing great.
Allow me to show you my decked chart of AUDUSD.
From a technical standpoint, if the resistance is broken to the upside, we can expect the price to rise initially to 0.68034, indicating a gradual buildup of buying momentum. Should this momentum continue, the price may rally to 0.68374 and then to 0.68944.
Looking at the Elliott Wave perspective, it seems that we are in wave 4, anticipating a 5-impulse wave of a lower degree to the upside in wave 5. This assumption gains further credibility if the price surpasses the 0.6786 region. However, it's important to note that this EW perspective will no longer hold if the price violates the 0.6700 zone.
On the whole, I expect bullish move on the AUDUSD pair.
AUD Bucks Trend after Fed Hikes Rates to 22-Year High The Federal Reserve has decided to increase interest rates by 25 basis points, reaching a range of 5.25% to 5.50%, marking the highest level seen in 22 years. Market participants widely anticipated this move as the Fed resumed its tightening campaign.
In their statement, the Fed expressed a positive outlook on economic growth, acknowledging that economic activity has been expanding at a moderate pace, which is a subtle improvement from the previous characterization of "modest" growth. The focus on consumer prices remained, with the Fed emphasizing that inflation continues to be elevated, and policymakers will closely monitor the risks it poses, mirroring their assessment from the previous month.
Following the announcement of the Fed's decision, the U.S. dollar retreated across the board. This movement in the dollar contributed to a boost in gold prices and an immediate focus is now on the $1,973 minor resistance and $1,978 further above.
An exception to the general trend is the Australian dollar, which bucked the trend after data revealed that domestic inflation slowed more than expected in the second quarter. This decrease in inflation reduced pressure on the Reserve Bank of Australia to implement further policy tightening measures. The data showed that Australia's consumer price index rose by 6%, a deceleration from the 7% recorded in the first quarter and below the market's expectations of 6.2%. Consequently, the Australian dollar weakened to approximately $0.676.
AUDUSD long term forecastAUDUSD, in the long run, is going to be one hell of a ride
Why? You may ask, while things look pretty straightforward at the moment, price doesn't always go as planned. Especially when trading on the lower time frame. However, for those who utilize the H1, H4, and even daily timeframe, this should be a good wave to ride.
First post here, will be offering more as time goes on.
32,600 Jobs Added! Aussie Dollar Skyrockets!The Australian dollar has surged, driven by an impressive employment report that far exceeded expectations. In the month of June, Australia's net employment rose by a staggering 32,600 compared to the previous month, surpassing estimates by more than double.
This development propelled the Aussie currency up by over 0.9%, reaching an intra-day high of $0.6834. The New Zealand dollar also rode the wave, gaining 0.57% to reach $0.6299. Both Antipodean currencies are now poised to reverse the losses incurred over four consecutive trading sessions.
The current market sentiment favors the bulls, with both short and long-term momentum in their favor. Price action is trading above the 50 and 200-day moving averages, reinforcing the positive outlook for the Australian dollar.
Elsewhere in the currency market, the sterling is doing its best to counter deep losses following a sharp fall in the previous session. The decline was prompted by Britain's inflation data, which fell short of market expectations.
The British pound managed a modest recovery, trading 0.15% higher at $1.2958 in the latest session.
AUDUSD Top-down analysisHello 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 BUYHi, according to my analysis of the AUDUSD pair. There is a possibility of an uptrend with a retest of the price. Double button model. There is strong support in this area 0.65000. And this is just a corrective wave. to return to height. Good luck everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
AudUsd in strong supportAfter the double bottom in the important support area at 0.66, AudUsd has risen strongly and reached 0.69 resistance given by the previous high.
At this moment the pair is rolling back down in a normal correction and this could offer bulls nice buying opportunities in anticipation of an up continuation.
At the time of writing AudUsd is trading exactly in the old resistance of the range which should provide support now and I'm looking for reversal signs.
AUDUSD might pumping after correctionSeveral weeks ago I expect it will going down retrace to price 64¢ but it didn't, it was pumping from 65¢ and broke the strong resistance swing high at 68¢, after that correction to strong support at 66¢ before it pumping hard again to test that 69¢, but unfortunately not yet touched. Usually when the price doesn't touched particular strong round number (almost touch 1-3 pips), once again when it comes to that price, it will break the price like it was nothing (long bullish/bearish candle close above/below the strong price). Actualy I had sell limit at 69¢ several weeks ago but the price didn't take my sell order (missed less than 2 pips). Now the market structure is clear, bull domination. Usually price will spike to 60-70 pips before it going in favor (downward). I expect will correction to 67¢ for buy opportunity to test the new resistance at 69¢ (200 pips). It was consolidating 100 pips between 66¢ (minor support) and 67¢ (minor resistance) for 10 days before it pumping hard broke the 67¢ after USD high impact news released (CPI data) and this mean this (67¢) is strong demand on daily or weekly chart (spot the move without change to daily or weekly chart). I'll looking the price to build minor structure on smaller timeframe such as H1 before take consideration to sell for corrective moves.
What do you guys think?
AUDUSD Analysis 14July2023AUDUSD analysis is in accordance with the analysis a few days ago. the price finally bullish broke through the resistance area and now looks correction.
To determine the next target, we can draw fibo extensions from the beginning of wave 1 and the base of wave 2 to find the approximate length of wave 3.
AUDUSD:UPDATED CHART 10/07/2023❤️Dear Traders, hope everyone having an profitable week. Our last setup on AUDUSD showcased the possible future trend of the pair. Price came close to our area of entry.
In our opinion price already have completed the bearish move and the bulls have taken control over.
AUDUSDOANDA:AUDUSD
Hello Traders, what do you see on your Audusd chart?
My View:
Price is overall bullish and will take the old high at 0.69000.
I will start buying Audusd whenever market present a clear buying structure on 4H and lower time frames.
If you like this idea, like and comment, and don't forget to follow me.