AUDUSD✔️Corrective Movement Area✔️AUDUSD Analysis
✔️AUDUSD is moving in the Descending channel and the market has reached the lower high area of the channel!!!
✔️AUDUSD is expected to fall
🔴Recommended to consider Selling from Seller Limit Zone.
Audusdforecast
AUDUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity AUDUSD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
AUDUSD Bullish continuation**Monthly Chart**
March 2024 monthly candle closed as a reversal doji candle after breaking the high of the previous candle, then closed near the low of the March candle. This indicates that AUDUSD has a strong probability to start moving higher.
**Weekly Chart**
Last week's candle closed as an engulfing candle after taking the high of the previous week's candle. The reason is that it didn’t take the low as it reversed near it. This indicates that the price will likely start moving higher in the coming weeks.
**Daily Chart**
Last week AUDUSD coiled near a relatively equal weekly low (demand zone), created a manipulation candle and started moving higher. This indicates a continuing bullish move at least towards 0.66500 level and then 0.67000
AudUsd LongI am going long on AudUsd as it has tested the resistance/support zone and has broken the trend line. Should it break the previous support zone, my setup will be deemed invalid.
AUDUSD: Asian foreign exchange was little changed, the dollar leThe greenback fell from a almost five-month excessive after Powell`s remarks
The greenback index and greenback index futures fell barely in Asian trading, extending in a single day losses after Federal Reserve Chairman Jerome Powell gave blended indicators on a reduce. lessen US hobby fees.
While Powell stated the Fed might subsequently reduce hobby fees later this year, he gave scant indicators at the timing and length of cappotential cuts. Powell additionally stated the crucial financial institution will want to be extra assured that inflation is shifting towards its annual goal of 2%.
Powell's remarks come simply in advance of key March nonfarm payrolls data, due out on Friday. Steady inflation and the electricity of the hard work marketplace are the Fed's largest issues in its capacity to reduce hobby fees.
Ahead of the hard work data, there has been additionally recognition on speeches from different participants of the Fed's hobby rate-placing committee. FOMC participants Michelle Bowman and Thomas Barkin will communicate at separate occasions afterward Thursday.
AUDUSD✔️Corrective Movement Area✔️AUDUSD Analysis
✔️AUDUSD is moving in the Descending channel and the market has reached the lower high area of the channel!!!
✔️AUDUSD is expected to fall
🔴Recommended to consider Selling from Seller Limit Zone.
AUD USD TRADE SET UP AUD USD has formed a Falling Wedge Reversal Pattern on the 1hr timeframe and the market has broken the Lower High market structure, we need to see a
pullback - Retest before taking entry Buy - Long. ⏰
AUDUSD - Bearish Trendline ChannelMarket Overview:
At the 4-hour time frame, AUDUSD exhibits a robust Bearish Trendline Channel, suggesting a prevailing downward momentum. Currently, the currency pair finds itself positioned at a crucial residential level, adding weight to the potential bearish outlook.
Entry and Stop Loss:
Based on the analysis, a strategic entry point is identified at 0.65200, aligning with the broader downtrend and providing an optimal risk-reward ratio. To mitigate potential losses, a recommended stop loss is set at 0.65600, strategically placed to protect against adverse market movements.
Profit Targets:
Regarding profit-taking levels, two targets are outlined: TP-1 at 0.64850 and TP-2 at 0.64480. These levels are chosen based on technical support and resistance areas, aiming to capture potential downward price movements within the established trend.
Conclusion:
In conclusion, the technical analysis suggests a bearish bias for AUDUSD, with a calculated entry point, stop loss, and profit-taking levels in line with the prevailing market dynamics. Traders are advised to execute with caution and adhere to risk management principles.
Disclaimer:
This analysis is based on current market conditions and may be subject to change as new information becomes available.
AUDUSD: Asian foreign exchange was little changed ahead of key dDollar constant with PCE inflation and Fed remarks in focus
The greenback index and greenback index futures fell throughout the Asian consultation on Tuesday, extending in a single day losses because the dollar noticed a few profit-taking after growing to an intraday high. one month.
Still, investors stay closely biased in opposition to the greenback in advance of key inflation and Federal Reserve alerts this week. PCE fee index data - the Fed`s desired inflation gauge - may be launched on Friday and is broadly anticipated to persuade the primary bank's hobby price outlook.
Along with PCE data, speeches from key Fed officials, consisting of Chairman Jerome Powell and FOMC member Mary Daly, may also be launched this week.
AUDUSD MARCH WEEK 5 OUTLOOK
Daily - Looks bearish. I will look for shorts after price holds below **0.65070**.
Origin - looks bearish. need to break **0.65091** for me to look for entry.
daily and origin both are in sync in terms of zone I need to look out for. so as it breaks, I will look to enter short
AUDUSD LONG (345 PIPD ) READ DESCRIPTIONThe analysis for AUD/USD suggests that the currency pair is currently at a significant daily support and demand zone, ranging from 0.64840 to 0.65170. This zone is crucial as it represents an area where significant buying interest has historically emerged, indicating strong demand for the Australian dollar. Big players and investors have shown keen interest in long entries within this zone, with the total net position of longs standing at 81% compared to 19% shorts. Last week alone witnessed a substantial influx of 45,600 long entries, further highlighting the bullish sentiment surrounding AUD/USD.
From a technical standpoint, AUD/USD exhibits low volatility, with an Average True Range (ATR) of 0 and a total intraday range of 148.5%. Despite the lack of significant price movement, the currency pair remains within the identified support and demand zone, reinforcing its importance in guiding market sentiment.
Our proposed trade strategy involves setting a small 40-pip stop loss to mitigate potential losses. With a target of 345.4 pips and a profit potential of 5.39%, the risk-to-reward ratio stands at a favorable 6.86. This implies that the potential reward outweighs the risk by a significant margin. Additionally, two target prices are set to capture potential profits at different levels, providing flexibility in managing the trade.
As with any trading endeavor, it's essential to always manage risk diligently. Traders should adhere to their risk management strategies and adjust position sizes accordingly to protect their capital. Furthermore, open communication is encouraged to address any confusion or uncertainties that may arise during the trading process.
In summary, the analysis suggests a bullish outlook for AUD/USD, supported by the presence of a significant daily support and demand zone and favorable investor sentiment. By implementing a well-defined trading strategy and managing risk effectively, traders aim to capitalize on potential price movements while safeguarding their investments.
AUDUSD WYCKOFF PATTERN WITH STRONG SUPPORTHELLO FRIENDS
As I can see this pair is now testing a strong support zone and it can move upside from this area and if we see its also creating a harmonic pattern Wyckoff, we have a very low risk and higher reward entry here its just a trade idea share Ur thoughts with us.
StayTuned for more updates
AUDUSD - Bullish continuation ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I expect bullish continuation after price filled the imbalance and rejected from trendline + support zone. This move is supported by weak USD after news.
Fundamental news: Tomorrow we will see results of Unemployment Rate on AUD, news with high impact on currency.
Like, comment and subscribe to be in touch with my content!
#AUDUSD: 500 pips buying opportunity with great Risk to Reward.AUDUSD, currently trading at the perfect area to take a swing buy entry, we already have two entries which are currently active. This can be a third entry, which is available to take right now with 100 pips stop loss and 700-800 pips as in take profit. Waiting for price to be extreme bullish in soon time.
Trade safe!
AUDUSD: AUDUSD prediction todayIn Australia, the Reserve Bank of Australia (RBA) is predicted to preserve hobby prices at its personal coverage assembly today, with nearby banks predicting no fee modifications till at the least overdue August. Carl Ang from MFS Investment Management commented that strong and guiding coverage prices are predicted amid excessive uncertainty, with a clearer inflation outlook wished earlier than any symptoms and symptoms of dovishness or fee cuts Which fee?
The Australian greenback observed a few guide early withinside the week from fantastic China records however remained beneath a two-month excessive of $0.6667 reached in early March on a robust US greenback move up. The New Zealand greenback additionally fell, buying and selling at $0.6079.
The euro rose barely 0.02% to $1.08735 and the British pound fell 0.05% to $1.2723. The greenback`s restoration became fueled with the aid of using current US monetary records displaying continual inflation, inflicting traders to re-evaluate their expectancies approximately the Fed's direction to hobby fee cuts.
The Fed's upcoming coverage choice this week is likewise in focus, with markets searching out symptoms and symptoms of whilst the crucial financial institution may begin slicing hobby prices. Goldman Sachs leader economist David Mericle has adjusted their forecast, now projecting 3 fee cuts with the aid of using 2024, down from four.
The greenback index, which tracks the dollar towards a basket of currencies, rose 0.02% to 103.60, after hitting a two-week excessive of 103.sixty five withinside the preceding session.
AUDUSD
AUDUSD appears to be exhibiting a bullish bias on the 4-hour timeframe, potentially following a bullish flag pattern alongside Elliott Wave theory indicating a completed 12345 sequence. The recent upward movement is supported by a retracement of approximately 61% within the context of Elliott Wave's fourth wave completion, suggesting further upward momentum may be likely. Traders could monitor for confirmation signals to capitalize on potential bullish opportunities in the near term.
AUDUSD: Dollar steady, CPI data awaitedThe dollar index and dollar index futures steadied above the 102 level on Monday, after recording sharp declines last week.
The greenback was beset by comments from Fed Chairman Jerome Powell that the central bank was close to having enough evidence of easing inflation. Powell also made clear that he does not expect inflation to reach 2% to begin considering interest rate cuts.
Adding to this pressure, data on Friday showed nonfarm payrolls rose more than expected in February. But January's figures were revised significantly lower, while other figures showed unemployment rising, suggesting the labor market has cooled somewhat.
Powell's comments kept markets more focused on Tuesday's CPI data, especially as several other Fed officials also signaled that any rate cuts by the Fed would depend largely on the path of inflationary
Audusd daily time forecast with simple strategyAudusd daily time forecast with simple strategy.audusd bias is bullish we expecting market bullish from daily fvg .when market retest your fvg use smaller time frame confirmation .
AUDUSDHello everyone,
New week ahead. Looking forward to it!
Last week we had red folder news. BTC is pumping, gold is following.
I did my TA last night for my point of interset.
If you look back at the charts, you can see why I am not putting limits.
If I see a big candle pushing in my zone of interest, I am more than happy to watch how it goes and step in after liq crap or the next demand zone.
When the entrée come, a 3RR is target, but you can also follow the price to the next interest zone.
I try to update when I am taking a position.
AUDUSD OutlookDaily - DXY and AU both look extended at the moment so a pullback or consolidation is expected. on daily the zone - 0.66036 - 0.65718 should hold.
Origin - 2 potential zones to look out for -
0.66085 - 0.65719
Deeper pullback - 0.65327 - 0.65090
outside value can lead to a deeper chop and high probability that we move mostly inside previous week's VA.
AUDUSD high probability possible 1000 pips tradehello guys ,
today we are looking at AUDUSD , this pair provides a very good opportunity for a bullish setup
on the daily tf the price made a double bottom and broke its neckline however on friday the daily candle closed as an inverted hammer.
it is possible that the price might pullback towards the neckline to do a retest that also overlaps with the 4h orderblock which is going to be my point of interest and my entry point . id wait for confirmation to enter on 50% of the OB.
AUDUSD I Pre-NFP Analysis brief pullback and more growthWelcome back! Let me know your thoughts in the comments!
** AUDUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
AUDUSD
In the AUD/USD 4-hour timeframe, a bullish trend appears imminent following a falling wedge breakout after completing its 5th wave. Currently, the pattern seems to conform to an ABC correction, with the last impulse correction nearing 78% completion. A breakout confirmation from the bullish flag pattern suggests a favorable entry point for traders anticipating further upward movement.
