AUDUSD I Pre-NFP Analysis brief pullback and more growthWelcome back! Let me know your thoughts in the comments!
** AUDUSD Analysis - Listen to video!
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Audusdlong
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.
AUDUSD COUNTER-TREND LONG & POTENTIAL SHORTI wan to use a 5min entry to catch the buys for the sells. While waiting, make sure to manage risk a trail SL when price has broken above 0.64975. I can see a potential entry here and go short only if price present and opportunity for me on the 5min. Mind you this zone can be used as liquidity to get early sellers in the market while it mitigates the upper zone which looks more potential to me, so lets look out for that too, only enter when you see a confirmation.
See comment for 5min entry for the counter-trend long. Cheers
AUDUSD LONGThe AUD/USD pair delivers a V-shape recovery from 0.6490 as investors hope the Federal Reserve (Fed) will start reducing interest rates from the June policy meeting. The Aussie asset recovers sharply as the US Dollar comes under pressure.Meanwhile, the Australian Dollar performs stronger on February's upbeat Caixin Manufacturing PMI. Surprisingly, the economic data rose to 50.9 from expectations of 50.6 and the prior reading of 50.8. The Australian economy is China's leading trading partner, and an improvement in the latter's economic prospects eventually strengthens the confim signal
AUD/USD: Bulls
The Australian Dollar (AUD) is looking to break free from its recent slump against the US Dollar (USD). Recent price action suggests a potential long opportunity, with external liquidity providing support at the bottom of the consolidation zone.
Here's why the AUD/USD might be ready to charge:
External Liquidity Boost: Fresh inflows of capital are entering the market, potentially buoying the AUD. This external support could act as a springboard for a breakout.
Consolidation Breakout: The AUD/USD has been consolidating for some time, forming a well-defined range. A clean break above this range, especially with increased volume, could signal the start of a new uptrend.
Long-Term Target: The original consolidation zone, once broken, could act as a potential profit target for long positions.
Remember: This is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.
Stay tuned: We'll keep an eye on the AUD/USD and provide further updates if the breakout confirms.
audusd buy signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AUDUSD - Still bearish ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Price rejected from bearish order block and started to fall as I expected in my previous analysis. Now I will look to add short position if price fills the imbalance higher and rejects from resistance zone.
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AUDUSD and NZDUSD 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.
AUDUSD: Asian forex gains as dollar weakens; The yen increasedMost Asian currencies rose slightly on Tuesday, easing some of the dollar's slight decline before a key inflation gauge is set to give more signals on US interest rates in this week.
However, gains in the region's currencies remained limited, with most currencies remaining within trading ranges established over the past two months. The greenback also remained at its highest level in the last three months.
BUY TRADE SETUP ON AUDUSDHey Traders,
Check out this technical analysis on AUDUSD; it appears to be undergoing a mild pullback, potentially indicating a bullish momentum continuation pattern (flag).
However, I would recommend waiting for a breakout above the flag pattern before considering a buy-trade entry.
Keep a close eye on this.
AUDUSD - Potential short ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fulfill the imbalance and then to reject from bearish order block.
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AudUsd- I expect a strong reversalFebruary has been marked by two significant breaks for FX:AUDUSD : one below the 0.6525 technical support and another below the psychological barrier of 0.65.
With the pair now trading back above both levels, there is a strong likelihood that these breaks were false.
As typically observed with false breaks, a robust reversal in the opposite direction may follow.
Furthermore, if the price surpasses 0.66, we can interpret the 0.6480 zone as a higher low, indicating potential momentum for the pair to test the resistance at 0.69.
I maintain a bullish stance on the Aussie dollar as long as the price remains above the recent low, and I am looking to buy on dips.
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
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AUD/USD short-term view 0.63Hello Traders
It seems AUD/USD is going to make a triple combo corrections.
it is possible, since we are bullish on USD.
so we are expecting the price will reach 0.63 and 0.616 levels eventually.
Our technical view has been shown in the chart.
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(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
AUDUSD
In the AUD/USD pair's 4-hour timeframe, a bullish trend appears imminent following the completion of a 5th wave and a breakout from a falling wedge pattern. Entry occurred post-breakout above key resistance levels. Presently, the price action suggests a correction in line with Elliott Wave theory (ABC pattern), potentially signaling further upside momentum in the near term.
Can AUD/USD claim more ground above 0.6500?Can AUD/USD claim more ground above 0.6500?
AUD/USD has been making a short-term comeback from its 2024 low, crossing the 0.6500 mark due to a weaker Dollar. But is its downtrend intact still, or are we seeing the start of a sustained turnaround?
Looking at the 4-hour chart, there are potential signs of a continued negative outlook, unless we see a break of the 100-day SMA at 0.6530. If that happens, the next target to keep an eye on is the 200-day SMA at 0.6600. Resistance levels are supported by a descending trend line currently aligned with $0.6500, suggesting that resistance at this point could hold back its upside potential.
If selling pressure picks up again, AUD/USD might test 0.64797 initially before revisiting its 2024 low at 0.6452. A breach of this level could lead to the pair establishing new yearly lows and a retest of the 2023 low at 0.6270.
AUDUSD: The USD stabilized amid the Fed's speculative cutsThe US greenback remained beneathneath a three-month top on Thursday, as marketplace individuals assessed the timing of capacity hobby fee cuts with the aid of using the Federal Reserve following remarks from Fed officers on inflation statistics. currently released. The yen, even though beneathneath stress this week, did now no longer fall to a three-month low towards the greenback on Tuesday, whilst Japan`s financial system entered recession with an sudden contraction in consecutive quarters because of vulnerable home demand.
Inflation statistics from americaA shifted marketplace expectancies of a Fed fee reduce to mid-yr after the purchaser rate index confirmed a 3.1% upward push in January from a yr earlier, exceeding over the predicted 2.9% increase. Current marketplace valuations factor to no fee reduce in March, a giant alternate from a month in the past while there has been a 77% hazard of a reduce beginning there, in step with CME's FedWatch tool. The chance of hobby fees closing unchanged on the Fed's May assembly is presently at 60%.
Chicago Fed President Austan Goolsbee, talking on Wednesday, stated the Fed ought to now no longer postpone reducing hobby fees for too long, although inflation is barely better than predicted withinside the coming months. Meanwhile, Fed Vice Chairman for Supervision Michael Barr mentioned that the adventure to accomplishing a 2% inflation fee can be challenging, as evidenced with the aid of using January CPI figures.
The senior marketplace analyst from City Index cited that the Fed is taking a long-time period view in their course to 2% inflation, which lets in for a few deviation alongside the way. This sentiment is regular with remarks from Fed officers after the discharge of a better-than-predicted inflation document.
The greenback index, a gauge of the dollar towards a basket of six fundamental currencies, consolidated beneathneath a three-month excessive of 104.ninety seven hit on Wednesday, in advance of americaA retail income document for the month January. It became ultimate recorded at 104.69.
AUDUSD - Short from resistance ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fill the imbalance higher and then to reject from resistance zone for a potential short.
Fundamental news: Tomorrow we will see results of Unemployment Rate on AUD.
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