AUD/USD 0.65897 - 0.08% SHORT IDEA MTF WEEK BIAS 🐻🐻🐻HELLO TRADERS
Hope everyone is doing great a look at AUDUSD 🛑IN THE COMING WEEK
MULTI TIME-FRAME BREAK-DOWN
DXY DAILY
* Lets start with the DXY.
* We see the 78.6 % FIB level holding in the past week.
* Looking for signs of some bearish momentum for continuation with the bears.
* The DXY is currently trading in PREMIUM.
* Any signs of bearish momentum would Signal Bearish moves for the week that is.
* Bullish momentum changes the Bias for the week & possibly signals reversals
AUDUSD DAILY TIME-FRAME
* On the DAILY we are trading / rejecting of a FVG.
* Should we violate this FVG looking to trade in premium, before continuation.
* This week looking for a push higher before continuing down.
* Should the FVG hold looking to go short, should momentum signal.
* We have a draw in LQ below which will serve as targets should we push higher.
AUDUSD 4H TIME-FRAME
* We pushing higher having some bullish momentum on the 4H.
* Looking for some push higher before seeing bearish moves.
* We see + FVG holding signalling bullish momentum.
* Looking to trade in PREMIUM for short entries & longs alike.
AUDUSD 1H TIMEFRAME
* We are in a BULLISH trend.
* Looking for continuation into premium.
* shift in momentum would validate the BEARISH BIAS.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑
lets see how it goes.
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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LOVELY TRADING WEEK TO YOU!
Audusdshort
AUDUSD H1 / BULLISH CHANNEL GOING AFTER FVG / LONG ENTRY ✅💲Hello Traders!
This is my idea related to AUDUSD H1. I see a very nice bullish structure, and I expect a rise until the first FVG as a first target. It represents a good opportunity to execute a long trade.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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AUDUSD: The dollar is on track for another weekly gain amid econThe dollar has trended higher for the second consecutive week, supported by a strong domestic economy and the central bank's cautious stance on interest rate cuts. The dollar index, which measures the currency against a basket of six major rivals, rose 0.9% this week to 103.4. The dollar has appreciated about 5% against the yen this year, and the exchange rate currently stands at 148.12 yen.
Risk sentiment-sensitive Australian and New Zealand dollars rose 1.7% and 2%, respectively, and are poised for their biggest weekly gains since November and June. ,beginning%. The probability that the US will cut interest rates in March has decreased, with market odds falling to 57% from 75% the previous week. The change in expectations follows strong U.S. jobs data, with jobless claims at their lowest level in about a year and a half, putting pressure on the market to cut back. Interest fee. The two-year Treasury yield, which reflects expectations for short-term interest rates, rose 22 basis points to 4.35%.
AUDUSDOn the monthly chart we have a bearish long term outlook. The price completed a correction at 0.90-1. Thereafter we are in a bearish continuation on the monthly chart.
On the weekly charts, we are nearing the end of a bullish correction that may reverse or continue slightly higher. Looking closely, we also seem to be in a consolidation awaiting a proper breakout, our bias presently is a bearish set up though we do not have confirmation.
Presently, on the daily charts, we are waiting for a clear direction, either a break to the upside targeting liquidity at 0.692 or higher targeting the unmitigated supply at 0.7. Alternatively, we could have a break to the downside targeting the liquidity at 0.63 or fresh demand at 0.626.
AUDUSD: Asian foreign exchange dropped, USD recovered waiting foMost Asian currencies fell on Tuesday, while the dollar rose as traders largely remained risk-averse ahead of further signals on when the Federal Reserve may begin cutting interest rates.
The dollar index and dollar index futures rose 0.5% and 0.3%, respectively, during the Asian session on Tuesday. The dollar index is also trading at a small premium to futures, suggesting short-term demand for the greenback is growing.
Traders are now awaiting further signals on the Fed and the US economy, with Fed Governor Christopher Waller due to speak later on Tuesday.
On Wednesday, US retail sales and industrial production figures are expected to provide more clues on the world's largest economy, with any signs of cooling allowing for more bets on growth. cut interest rates soon.
However, the market appears to have moderated bets that the Fed will begin cutting interest rates as soon as March 2024, according to Fed policy tracker CME
AUDUSD I Pullback, continuation, and long from supportWelcome 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.
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AUDUSD: Asian foreign exchange markets fall, USD rises ahead of The Australian dollar was among the few exceptions on the day, rising 0.3% as data showed CPI inflation eased in November, but remained well above the Reserve Bank's 3% target of 2%. annual. Core inflation also remains high amid high food and service prices.
The dollar index and dollar index futures were mildly mixed during the Asian session on Wednesday, after seeing a sharp increase in overnight trading.
The main focus remains on the upcoming US CPI data is expected to show a slight increase in inflation in December. But difficult inflation, along with recent signs of strength in the labor market, gives the Fed more room to keep interest rates higher for longer periods of time.
While the central bank is expected to cut interest rates this year, the market is increasingly skeptical about whether a rate cut will come as soon as March 2024.
Fed officials also resisted betting on an early rate cut, as inflation is expected to remain well above the Fed's 2% annual target in the near term.
Divergent Inflation Paths: AUDUSD Set for Bearish MovementAnalysis for AUDUSD: Bearish Outlook
1. U.S. Inflation Trends:
- Recent Data: The U.S. Consumer Price Index (CPI) showed an increase of 3.4% year-over-year in December, the highest in three months. This rise was more than expected, indicating a continued inflationary pressure.
- Core Inflation: Core inflation, which excludes volatile items like food and energy, remains firm. Notable increases were seen in used cars, apparel, housing, and car insurance costs.
- Federal Reserve's Challenge: The Fed faces a difficult path in achieving its 2% inflation target. The recent data suggests that the decline in goods and energy prices is slowing, while inflation in housing and services remains high.
2. Impact on AUDUSD:
- Rising U.S. Inflation: Higher inflation typically leads to expectations of tighter monetary policy from the Fed. This could result in a stronger USD as interest rates may rise to combat inflation.
- Market Response: The release of the inflation data led to a fall in the S&P 500 and fluctuations in Treasuries, reflecting market uncertainty.
3. Comparison with Australian Economy:
- Australian Inflation: The Australian economy is reportedly experiencing a decrease in inflation, moving towards stabilization. This contrasts with the U.S. situation, where inflation remains a concern.
- Economic Stability: Greater stability in the Australian economy, compared to the ongoing inflationary challenges in the U.S., might typically favor the AUD. However, the current global economic environment appears to favor the USD.
4. Global and Political Factors:
- Global Risks: Rising shipping costs and potential escalations in the Middle East could impact global inflation trends, potentially affecting currency markets.
- U.S. Political Climate: Inflation continues to be a significant issue in U.S. politics, affecting public opinion and potentially influencing economic policy.
5. Technical Analysis:
- Technical Indicators: Traders should look for technical confirmation of a bearish trend, such as resistance levels, moving averages, and RSI indicators.
- Price Action: Watch for bearish patterns or breaks below key support levels in AUDUSD.
Conclusion:
Given the higher inflation rates in the U.S. and the expectation of continued Fed intervention to control inflation, there is a potential for a stronger USD against the AUD. However, traders should continuously monitor evolving economic data and geopolitical events that could influence market sentiment and currency values. Technical analysis should be used to validate any trading decisions in the context of current market conditions.
AUD rally stalls ahead of key US PCE inflation reportThe Australian dollar’s rally has met its match around a key resistance area, which includes the January trendline and Q3 open price. A 2-bar reversal formed on Wednesday, following RSI reaching overbought the day prior. And as the US dollar has weakened on bets on Fed cuts ahead of a key PCE inflation report, I suspect there may be some disappointment and the potential for a USD dollar bounce.
This is why we’re looking for some mean reversion and towards the 0.6570 at a minimum (near its 200-day EMA) or support around 65c.
Bears could seek to fade into low volatility retracements within Wednesday’s range, while prices remain beneath Wednesday’s high.
AUDUSD - Bearish continuation ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: I see here a short opportunity, price rejected earlier from bearish order block and now I expect a reaction from institutional big figure 0.67000 to the imbalance lower.
Fundamental news: Tomorrow we will see results of monthly and yearly CPI in USA.
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AUDUSD H4 / Looking for LONG ENTRY 📈 Hello Traders!
This is my idea related to AUDUSD H4. I expect a retracement from the resistance level, where we have also an OB. It's a good opportunity to entry long if the strategi is confirmed.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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AUDUSD Fails At 6-Month HighHi Traders!
AUDUSD has tested the 6-month high but has failed, and there is a potentially big pullback that is about to occur.
Here are the details:
After the range zone breaks to the upside, The market was in an aggressive bull rally to tray and test the 6-month high but has exhausted due to a strong bearish presence at the 6-month high.
The next signal to confirm this will be a price break below the 20 EMA for a confirmation signal.
Preferred Direction: Sell
Technical Indicators: 20 EMA
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Trade safely and responsibly.
BluetonaFX
AUDUSD SELLHello, According to my analysis of AUD/USD, the market has reached a very important stage. It has reached the strong resistance level at 0.69000. The price has bounced off it several times. We note that the pair reached the top of the ascending channel and was unable to penetrate it upwards. This puts pressure from the bears to fall further. Good luck everyone.
AUDUSDIs AUDUSD exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.6660.
What you guys think of it?
AUD USD TRADE SET UP 3hr Timeframe AUD USD is moving in an ascending channel,
The price has reached the Higher High Level of the channel for the 3rd time, which is also a strong resistance level
Upon reaching the HH level the market has formed a Doji candlestick pattern with a close below which is a good confirmation for a sell.
What do you think ?
AUDUSD continues its uptrend intradayAUDUSD surpassed its recent high of 0.6800 last Friday, reaching levels not seen in nearly five months. The initial rise in the Australian dollar was attributed to increased market risk appetite and a decline in the US dollar. Additionally, hawkish sentiment around the RBA supported the Australian dollar.
AUDUSD continues its uptrend intraday. Upward movement underway, starting at 0.6269, likely targeting a previous stop loss of 0.6846 in the near term, followed by the end of the "upward impulse wave" at 0, 6875. The next target, following the "double top" formed in June and July, would be a test of 0.7156.
On the other hand, a correction below the minor support at 0.6723 would initially result in a more prolonged consolidation of upward momentum. However, as long as support at 0.6541 holds, the outlook remains bullish. In terms of trading strategy, one should focus on buying at low prices.
AUDUSD trading strategy todayThe AUDUSD witnessed a remarkable rebound this week, surging to the 0.6791 level on Thursday, marking the highest level since late July.
After a failed attempt at the beginning of the month, the bulls finally broke above the resistance trendline dating back to April 2022, adding to the market's optimistic sentiment that the upward reversal from the year's low point in October may continue. The RSI and the stochastic oscillator align with this view, as they fluctuate around the 70 and 80 levels, respectively, without confirming overbought conditions.
The 0.6791 level, which has restricted both upward and downward trends for over a year, is currently under scrutiny. If it gives way, the upward momentum could accelerate toward the 0.6800 level and then rise to the double-top formation at 0.6894 from June to July 2023. If bulls make further progress, the next resistance may emerge around the 0.6980 area.
Alternatively, a downward correction may initially pause between the nearby support at 0.6655 and the breached resistance trendline. If this bottom holds, the asset might seek shelter near the exponential moving averages, currently situated between 0.6520 and 0.6600. Subsequent further declines could find stability around the 2020 ascending trendline at 0.6470 or lower near 0.6400.