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Audusdforecast

AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD - Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Due to RISK ON for AUDUSD, there is currently an UPSIDE BIAS for it. AUD CASH RATE is about to be released. And the USD has become STRONG in the short term. Therefore, STOCKS and COMMODITIES MARKETS are going up a bit now. It is heavily influenced by the Australian dollar. And the AUSTRALIA INFLATION DATA was very POSITIVE that day. Due to this, the RBA made a RATE HIKE. - It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go up to 0.7050 0EVEL. After that, if the MARKET RISK OFF, AUDUSD can SELL to the AUDUSD 0.6642 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start to fall further. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
by benny_marshall
AUDUSD- Not Afraid To Push Higher, A Buyers GuideHi traders! We have seen the buyers show AUD love this week on AUDUSD. For me, I've not traded this pair in a couple of months. My rules for my setup have not completed in awhile, but hopefully, that will change. Let's talk about why this could be such an amazing buying opportunity! 1) Price is trending up. If you are a trend trader this is the perfect setup for you. A trend trading system works well when price is creating higher highs and higher lows. This is the creation of an uptrend or development of increased prices. 2) We love discounts! When price is trending up the idea is to buy low or as stock traders say, buy the dip! In order for that to happen, we must wait for a pullback a.k.a. a retracement. A pullback is a discount in price before price increases again. You my friend want to profit when price makes it's way back up. For example, I'm going to sit on my hands to observe when price will decrease to my estimation zone. My estimation zone is a simple rectangle that highlights an area of exchange rates where I desire price to show me a buying opportunity in this uptrend. I'd love to know where you'd place you structure to buy😉 3)The risk to reward is amazing! I'm a FOREX MOM who loves to keep trading simple. So, i swing trade and keep my target profits simple. My goal here is to trade back to the high and up past the high to 0.69155(my personal target. It's ok if yours are different). My first RR is 1.65. My second RR is 2.37 A quick tip for you if you're a swing trader like me, prepare to hold the trade for a few days, maybe a week or so. This way, you do't over trade the pair. How to manage the trade? 1) Price may not pullback right away, but the entry and stop loss will stay the same. Unless price makes new highs and lows, this is the setup. 2. If all rules are met, it will be TRADE TIME!!! I'll personally move trail my stop loss when price reaches 75% of my TP. I'm interested to know how you'll manage your trades😊 Welp, thanks for reading my quick analysis and let's pray the trade goes well. Happy trading! Shaquan
Long
by ShaquanLopez
5
AudUsd could rise towards 0.7After breaking above 0.65 resistance, AudUsd accelerated its gains and reached a local top at 0.68 in mid-November. For the last 2 weeks, the pair was in correction and consolidation and has put a nice symmetrical triangle on our chart. As long as the price stays above the up-mentioned resistance/now support, bulls hold the upper hand, and odds are in favor of continuation to the upside. Buy dips against 0.65 could be a good strategy with a focus on R:R
Long
by Mihai_Iacob
2
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD - Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Due to RISK ON for AUDUSD, there is currently an UPSIDE BIAS for it. The main reason for that is that the US ELECTION was won by the REPUBLICANS and the US CPI DATA is NEGATIVE. Therefore, STOCKS and COMMODITIES MARKETS are going up a bit now. It is heavily influenced by the Australian dollar. And the AUSTRALIA INFLATION DATA was very POSITIVE that day. Due to this, the RBA made a RATE HIKE. - It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go up to 0.7000 0EVEL. After that, if MARKET RISK OFF, AUDUSD can SELL to AUDUSD 0.6405 LEVEL if MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF. audusd
by benny_marshall
AUDUSD - Potential to give 500+ pipsAUDUSD is creating the last wave to confirm the downtrend. When the 3 hrs candle closes below 0.66605 there is a potential for the market to reach 0.60800 with the stop loss just above the recent swing high. This gives a risk reward ratio of 3.98 and is one of the finest pattern as per text book example. Any suggestions are welcome! DISCLAIMER There is a very high degree of risk involved in trading. Past results are not indicative of future returns. I have no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. The use of the observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any ideas mentioned herein.
Short
by prasadd018
20 REASON FOR SHORT AUDUSD 🤑TOP DOWN ANALYSIS OVERVIEW🤑 🧐Eagle eye: bear trend extremely Monthly: the overall trend is Bear, but the current candle in retracement and retrace till filling our all FVG almost filled all gap areas, so in a broader view, we can say retracement is our weekly: trend in Bear, but the current move is the retracement 1 Structure analysis time frame: the daily trend is to fill bullish; it is a counter-trend for monthly and weekly retracement almost done 2 target time frame: Daily 3 Current Move: move is an impulse with a change in guard situation excepted reversal 4 Entry Time Frame: h4 4.1 Entry TF Structure: higher low is formatted with a small distance that also signs a reversal 4.2 entry move: impulse 5 Support resistance base: previous h44 order block 6 FIB: trigger even at daily D1 7-candle Pattern: Downside momentum 8 Chart Pattern: double top 9 Volume: High volume on 1st top low at 2nd sign of reversal 10 Momentum UNCONVENTIONAL Rsi: RSI IS in bullish zome YET 11 Volatility measure Bollinger bands: M pattern is a formatted reversal 12 strength ADX: ADX is bullish, YET 13 Sentiment ROC: USD IS STRONGER than AUD according to the current market 14 final comment: We need An additional confirmation until the price Not comes down to 0.6718 Level, so we place an Alert for now. After the Alert, We can decide on our Next Move. But OUR ARE WE ARE SEEKING SHORT ENTRY ONLY UNTIL PRICE BREAKS HIGH According to H4 TF 15 : decision: Natural till confirmation 16 Entry: 17 Stop losel: 18 Take profit: 19 Risk to reward Ratio: Excepted Duration :
Long
by Optimum369
1
AUDUSD Forecast: Swing Trade IdeaHey trader, As you can see the price is currently bearish running below the double tops L1, 50, and bearish crossed short-term MAs. It is expected to drop the patterns L2 & L3 together for the 200 MA (visible in my MT5 chart). But this bias will be fully confirmed once the price has bearishly closed and retested below the 1st 4H Key Lvl and 50 MA. If the price instead decides to dramatically bullish break and retest the 3rd Monthly Key Lvl and 21 MA, the signal will be rejected. With that in mind, take the trade at your own risk, because this is not financial advice. I'm just sharing my point of view, which you also can do the same in the comments section below. That's it for today. I hope you found value in this article. If you want to see more trade ideas and mindset tips, browse the articles listed below and hit the follow button to be notified whenever a new post has been published. -Sphatrades.
Short
by Doji-2k1