Audusdforecast
Australian dollar will be bullish in 2023Considering the reopening of the Chinese economy and also the domestic economy of Australia, which seems to be in good conditions (because the Bank of Australia was cautious about increasing the interest rate), and the increase in the price of gold, this path can be imagined.
This week, it is likely that the Federal Reserve will increase the interest rate by 50 points, which the market will consume until the meeting, and I think the Australian dollar will be bullish in 2023, so friends who have chosen to trade based on the trend, if these assumptions are correct, they should In the created positions, buy Australian dollars because any correction will be a buying position, but on the condition that these conditions govern the market.
AUDUSD - Long from bullish orderblock ✅Hello traders!
‼️ This is my analysis of NZDCAD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to continue the retracement to fiil the imbalance lower and then to reject from bullish orderblock + institutional mid figure 0.67500.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
Like, comment and subscribe to be in touch with my content!
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.
- The FED MEETING is scheduled to be held today. So be careful while trading USD CROSS PAIRS.
- It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go up to 0.7100 0EVEL. After that, if the MARKET RISK OFF, AUDUSD can SELL to the AUDUSD 0.6723 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. audusd
AUDUSD - Sell off started ✅Hello traders!
‼️ This is my analysis on AUDUSD .
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect the continuation of bearish price action as price filled the imbalance and rejected from bearish orderblock.
Like, comment and subscribe to be in touch with my content!
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.
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
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
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