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Audusdlong

AUDUSD: 0.7150 is our next possible target in 2024?Happy New Year 2024. AUDUSD, has been bullish in daily timeframe, suggesting a clear move upwards 0.7150 region which is where we will exit our trade. Looking at the current price momentum it is clearly notable that price has already retraced and it is very likely it will rebound strongly in days to come. Entry can be available when the market opens where with 50-80 pips stop loss a long entry worth it. With the take profit of 600 pips, a great risk to reward.
Long
by Setupsfx_
9
USD Weakness and Potential Bullish Momentum on AUDUSDThe foreign exchange market, influenced by economic policies and global events, is undergoing a significant transformation in the AUDUSD currency pair. This analysis delves into the repercussions of the Federal Reserve's (The Fed) dovish policy decisions on the USD and explores how this has contributed to the strengthening of the Australian Dollar. Federal Reserve's Dovish Stance: In response to economic challenges, the Federal Reserve has embraced a dovish approach, refraining from raising benchmark interest rates to foster economic recovery. Chairman Powell's dovish signals have resonated in the currency markets, resulting in a depreciation of the USD. Market Analysis: Since the December 14 FOMC meetings, the AUDUSD has seen a noteworthy surge from 0.65690 to its recent peak at 0.68710. This upward trend, encapsulated within an ascending channel, signals bullish momentum. However, the ongoing correction phase suggests a temporary pullback before the upward trend resumes. Strategic Trading Approach: Entry Point: Strategically position the entry point around support levels, especially when accompanied by a confirmed bullish pattern. This approach capitalizes on the corrective phase, providing an advantageous entry position. Stop Loss: Manage risk with a stop-loss order below the ascending channel or the support level of 0.68061. This safeguards against unexpected market movements, offering a defined exit point if the trade deviates from expectations. Consider an alternative stop-loss placement around 0.67903 in case of a substantial shift. Take Profit: Set the take-profit level at 0.68815, representing the highest point in the past six months. This serves as a reasonable target for capitalizing on the bullish momentum. Conclusion: The Federal Reserve's cautious approach and the resulting USD depreciation have paved the way for potential bullish momentum on AUDUSD. Despite a brief correction, entering the market around support levels using bullish patterns offers an optimal strategy. Prudent risk management, with well-placed stop-loss orders, and targeting 0.68815 for profit-taking provide a concise plan for navigating the current USD weakness and the anticipated AUDUSD upswing. Traders can effectively capitalize on this market scenario with a strategic and well-informed approach.
Long
by fardycurry
1
AUD/USD another upward wave next week(~100pip)Hello Traders As you can see in 4Hr TF, AUD/USD is building the wave 5. In lower TF (1Hr) the wave 5 is making its own 12345 waveforms. So in next week, we expect the price will complete wave 5 and rise about 100~120 pips. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (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.)
Long
by FortunaInvestments
Audusd looking for a short-term surprise for the upside 0.6620Audusd looks quite good at this consolidation phase to go long and target 0.6620 level as target with entry around 0.6551 level or above with a stoploss at 0.6525 level. this expansion seems limited and after that i am expecting price to fall further down and resume the downtrend . i have two setups for this AUDUSD one as per the higher time frame while this trade is for shorter term perspective and my both analysis do not have a same bias. both are valid in this one i am long just for a short term and my previous trade which is short that is also valid
Long
by Rizwan-Ali
2
AUDUSD I Potential long from support pending USD PPIWelcome 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!
Long
by BKTradingAcademy
2
AUDUSD Technical Analysis And Trade IdeaThe AUDUSD pair has been showcasing a robust bullish trend recently. Our focal point narrows down to the 1D and 4H time frames, strategically aiming to pinpoint the most advantageous entry positions amidst a substantial price swing that is expected to undergo a retracement phase. Our primary focus revolves around identifying retracement levels within the 50% to 61.8% Fibonacci zone, an area we favor for optimal entry opportunities. This video delves into the intricacies of price action, market structure, and overarching trends, unveiling pivotal insights into technical analysis. Throughout this analysis, we delve into crucial elements: market structure dynamics, nuances of price action, trends' patterns, and fundamental technical analysis components. It is crucial to underline that this content serves purely educational purposes. Therefore, it is imperative to refrain from interpreting it as financial advice.
Long
by fxtraderanthony
Possible opportunity in Aussie vs USD this week?US dollar Attention will be paid to key economic indicators that roll out over the course of the week such as the Non-farm Payrolls jobs report, JOLTs job openings, and the ISM Services PMI survey. Moody's analysis suggests a cooling down of various labor market measures. The uptick in November jobs growth is attributed to the impact of the United Auto Workers strikes in October rather than a substantial resurgence in the labor market. Aussie Dollar The Reserve Bank of Australia (RBA) is anticipated to maintain its interest rate in its upcoming meeting on Wednesday, with a 97% probability for the rate to stay at 4.35%. There is only a 3% chance of a 25bps hike to 4.60%. This expectation follows the RBA's decision to raise the Cash Rate by 25bps in the last November meeting. A surprise decision by the RBA (or even a change in outlook) could see the Aussie dollar spike like the NZ dollar did last week. Look for weak preliminary job numbers coming from the US for extra confirmation of a bullish Aussie outlook.
by BlackBull_Markets
AUDUSD - W1 strong support approaching Analyzing the weekly chart of AUDUSD, our outlook anticipates a price decline toward the lower boundary of the channel, which also coincides with the 88.6% Fibonacci retracement level. We expect the Australian dollar (AUD) to establish strong support at the 0.62750 level. Following this expected support, our projection foresees a robust upward movement toward the 0.66700 level. Our initial stop-loss will be set at 0.61700, positioned just below the previous low recorded in October 2022. This stop-loss level is approximately 1.5% below our anticipated entry point. Importantly, this trade maintains a favorable risk-to-reward ratio of 1:4. Please remember that trading carries inherent risks, and market conditions can change swiftly. This analysis is for informational purposes only and should not be considered as financial advice. Always exercise prudent risk management and consider various factors when making trading decisions.
Long
by Coder775
1