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Audusdforecast

AUDUSD POTENTIAL SHORT FORMATION IN PROGRESSWhen we zoom out on the higher time frames, we can see that the pair is in a strong downtrend despite the bullish correction in the daily time frame which lasted a few days. We have listed various reasons which support our bearish basis. 1: Monthly time frame trend suggests a strong downtrend. 2:Price failed to break the lower high formed on the 4th of April 2023 3:Trendline like breakout 4: Ascending triangle breakout We will wait for price to correct on the lower time frames before looking for an entry. We need the trade to be a minimum of 1 to 3 risk reward before we consider looking for an entry.
Short
by NDOBObanks
AUDUSD 4hr BearishIn light of recent developments, AUDUSD has successfully broken free from the sideways trend it has maintained since February, following a decisive breach of a prominent support level. This breakthrough strongly indicates the persistence of the bearish trend that commenced last year. Given these circumstances, I hold the expectation of an ongoing downward trajectory in the price of AUDUSD. However, it is crucial to remain attentive to any potential shifts in market conditions that could lead to a price reversal. Should such a reversal occur, I am prepared to adjust my bias accordingly. What are your insights on this?
Short
by Popeson
2
Top Down Analysis of AUDUSDHere is my top down analysis of AU. Date: 23-05-2023. I can see us going either direction from here we are kind of in no mans land due to price being at the current weekly low. But if we roll over and break last weeks weekly low then I could see a retracement to induce buyers then a continuation to the downside. However, it is possible that we bounce from the current level and head back up towards last weeks high. In this case I'd wait for a break of the PDL which was broken today and if we close above this area I'd look for a setup to try get long and target higher up Liquidity. Time and price will tell
by elliotthforex
AUDUSD Possible sell zone!Currency Pair : AUDUSD Possible direction : Bearish Multiple-timeframe Analysis : Daily : Price has broken out of 2 daily candles high and grabbed liquidity Monthly: There is strong rejection from 2 monthly resistance level. Weekly: Price has formed strong weekly doji and price may test the half wick and possible drop. 4H: In this timeframe price grabbed liquidity 2 times from important level of resistance and price may continue to drop to the support level to the direction of the trend. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy.
Short
by ForexWizard01
aud/usd continuation move here we see aud/usd at a support area how ever on the higher time frame we've broken structure im setting a sell/stop to trigger if price comes backs down its going to execute and get me in there to catch the move to the downside dollar looking very strong in the near short term as its recently broken a resistance looking to go to the the next résistance disclaimer - trading is risky and you should never trade with money you cant afford to loose this information shared is for educational and demo purposes only!!
Short
by therealbinarymaster
AUDUSD - AMD Pattern Confirmation ✅Hello traders! ‼️ This is my perspective on AUDUSD. Technical analysis: Here we can see a clear confirmation of AMD pattern, price was accumulated for last 2 months and then manipulated buy side liquidity and then started the distribution. I see price to continue bearish price action to fill the imbalance lower. Fundamental analysis: Tomorrow we have news on AUD, will be released Unemployment Rate, negative results could support our analysis for bearish move. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
AUDUSD 250pips HIGH PROBABILITY SETUP!!!AUDUSD just had a CLEAN BREAK to the downside, now we for a PULLBACK for a solid SHORT setup. Price is currently below, 200ema & 800ema, baseline, cloud, with a super strong BEARISH confirmation on D1. #1 ENTRY (Risk Entry, Good Reward) -: New SHORT TREND has been set, now we need to get entry at a point with the least amount of risk and area that is most likely to trigger a massive SELL OFF that would be around the 800ema on H4. Wait for price to pullback and get a SHORT. INVALIDATION Price fixing ABOVE 800ema on H4 will be seen as a RECOVERY, when this happens, exit all SHORT positions. TARGETS We are looking at FIRST TP to be at the next AUTOMATED KEY ZONE (Blue zone - 0.65000) P.S I will post money making trades like this everyday and everything you see on my chart is from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator. (The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready). No trend lines or complicated analysis, all you have to do is FOLLOW!
by TheHOODofCRYPTO
AUD/USD struggles to break above key technical levelThe current market conditions for the #AUDUSD pair are mixed, with a number of fundamental factors impacting its performance. While the RBA's surprise interest rate hike provides some support for the Australian dollar, the mixed Chinese trade data, risk-off sentiment, follow-through USD buying, and less hawkish outlook from the Fed are exerting downward pressure on the pair. Market participants will be closely watching for the release of the latest US consumer inflation figures and other upcoming events to gauge the pair's future direction. TRADE IDEA DETAILS CURRENCY PAIR: #AUDUSD CURRENT TREND: Bearish TRADE SIGNAL: ↘️Sell 👉ENTRY PRICE: 0.6770 ✅TAKE PROFIT: 0.6700 ❌STOP LOSS: 0.6810 #AUDUSD #forextrading #marketanalysis #Fed #RBAratehike
Short
by RichDadph-FX
20 Reasons for Buy AUDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: Multi-year bearish trend in effect. 2:📆Monthly: Market made an insider high and low, but was rejected from the monthly order block. 3:📅Weekly: Market structure is bearish, but it filled out the last swing 50% area and respected a strong reversal upside signal with a double bottom formation. 4:🕛Daily: Daily structure is bullish and the market completed its inducement, indicating an overall bullish trend. Market may go above 0.7100 levels after a long consolidation. 😇7 Dimension analysis 🟢 Analysis time frame: H4 5: 1 Price Structure: Sideways 6: 2 Pattern Candle Chart: Double Top 7: 3 Volume: High volume during this period suggests buyers are active somewhere. 8: 4 Momentum UNCONVENTIONAL RSI: Above 60, indicating a super bullish zone. 9: 5 Volatility measure Bollinger Bands: High bullish volatility. 10: 6 Strength ADX: Bulls are in power. 11: 7 Sentiment ROC: AUD is the strongest this week. ✔️ Entry Time Frame: 15 Min 12: Entry TF Structure: Bullish 13: Entry Move: Impulsive 14: Support Resistance Base: Last FVG should be a support. 15: Wait for a trigger event. ☑️ Final Comments: Buy at support or breakout. 16: 💡Decision: Buy 17: 🚀Entry: 0.6725 18: ✋Stop Loss: 0.6687 19: 🎯Take Profit: 0.6900 20: 😊Risk to Reward Ratio: 1:5 🕛 Expected Duration: 3 Days
Long
by Optimum369