💡 AUDUSD: Impacted by increased interest ratesThe Australian economy is facing significant challenges due to the rising domestic interest rates, placing immense strain on its economic stability. Despite ongoing global economic uncertainties, Australia has been unable to evade the repercussions, leading to a continuous decline in the Australian dollar over the past five trading days. Despite the apparent stern stance of the Reserve Bank of Australia (RBA) in its policy, investors remain skeptical, providing minimal support to the Australian dollar. Many are unconvinced of the likelihood of an actual interest rate hike, with consensus suggesting that such a move is improbable until at least May, two years from now.
Recent trends in the AUD/USD pair indicate a potential bottoming out followed by a rebound. The Moving Average Convergence Divergence (MACD) has displayed a golden cross formation beneath the zero axis and is now trending towards the 48-hour moving average. However, the future trajectory of the Australian dollar remains contingent on the upcoming US Consumer Price Index (CPI) data for October. Should the data bolster the US dollar, it is anticipated that the Australian dollar will continue its downward trajectory.
Audusdshort
AUD-USD- DAILY - UPDATEThese are the key areas I mention.
AUDUSD, although it closed the day below the resistance, it is at the support of the current 4h trend line (red line), we will see next week if it succeeds in a pullback above the resistance or simply, it will break the trend line to complete what has started . .
AUDUSD: Simple Speculative SetupHi Traders!
From a technical point of view, the trend is bearish so trying a bullish trade is very speculative (high risk of failure), so it should be right to try to take a long position with a small size, possibly there will be time to add new positions. Having said that, we have greatly simplified our setup on the chart, because we will look for some reversal pattern in support area before taking a long position, and if we are lucky, we may also be able to limit the stop loss before the price reaches 0.6270. If our work will be supported, we do not rule out publishing new updates.
If the price triggers a new low, we will look for sell opportunities in the short term. From a Trade Management perspective, this setup has a good Risk/Reward ratio (>1:3).
Trade with care
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Short Opportunity for AUD/USD with Bullish Alternative ScenarioAUD/USD is currently in a downtrend, but recent price action suggests a potential retracement. The key area to monitor is the H4 and H1 resistance zone around 0.64245.
If the price retests this zone with a clear bearish bias and entry confirmation, a short entry could be considered with a tight 10-pip stop loss. The target for this short trade is set at 0.63747, representing a daily support level.
Alternatively, if the price demonstrates strong bullish signals at the 0.64245 zone, it may be on the path to 0.64457, which is a significant weekly resistance level.
It's crucial to closely observe price movements to identify the appropriate entry confirmation and act accordingly. Always apply prudent risk management techniques, as trading involves inherent risks. This idea is not financial advice; conduct your own research, assess your risk tolerance, and consider seeking guidance from a professional financial advisor as needed.
AUDUSD Technical Analysis And Trade IdeaIn this video, we conduct a thorough analysis of the AUDUSD currency pair, delving into the prevailing upward momentum observed in both the monthly (1M) and weekly (1W) timeframes. This currency pair has encountered a notable resistance level, signaling the potential for an impending retracement. Throughout our discussion, we will explore the nuances of technical analysis, providing valuable insights into effective forex trading strategies.
It is of utmost importance to emphasize that the information presented in this content is exclusively intended for educational purposes and should not be construed as financial guidance. Engaging in the currency market carries inherent risks, underscoring the critical need for implementing robust risk management techniques within your trading plan.
Short Opportunity for AUD/USDThe AUD/USD pair currently exhibits a strong bearish trend. The price has breached the weekly support level, although the candle has not yet closed below it. Additionally, it has broken the 4-hour support level and the Friday low of the day. While there is no immediate entry confirmation, a potential short trade opportunity emerges.
For a safer entry, consider waiting for a price pullback to the 0.64342 and 0.63357 zone or at least the 4-hour support level (which would then act as resistance). A successful bearish confirmation at this level would be a strong signal to enter the short trade. This area is significant as it aligns with 15-minute and 5-minute resistance levels, adding to its importance.
The target for this short trade is set at 0.63747, a daily support level. This target represents a potential gain of at least 60 pips.
Please exercise caution and ensure proper risk management in your trading strategy. Keep in mind that trading involves risks, and this idea is not financial advice. Conduct your own research, consider your risk tolerance, and consult with a professional financial advisor if needed.
AUDUSD: Asian foreign exchange market is quiet, USD recoversWednesday saw limited movement in the majority of Asian currencies, but the dollar continued its recent upward trend as several Federal Reserve officials cautioned against placing bets that the central bank would stop rising interest rates.
Due to the markets' desire for additional clues regarding US monetary policy, Fed Chairman Jerome Powell's next speech will be the main event of interest.
Because traders are still wary of any aggressive signals from the Fed, sentiment toward Asian markets is still muted. Regional markets have become less appealing to traders due to indications of China's ongoing economic difficulties.
The Australian dollar rose 0.1%, recovering slightly after dovish signals from the Reserve Bank of Australia sent the currency down nearly 1% on Tuesday.
AUDUSD touches the targetThe Australian dollar pair against the US dollar , and finds strong support there to now show some bullish bias, influenced positively by stochastic indicators, heading towards achieving immediate gains that may reach 0.6468 .
From here, we expect to witness further rise in the coming sessions, keeping in mind that breaking 0.6400 will put pressure on the price to resume the downward path and head towards 0.6367as the next negative station.
Pivot Price: 0.6400
Resistance prices: 0.4668 &0.6491 & 0.6519
Support prices: 0.6367 & 0.6328 & 0.6285
The general trend expected for today: bullish
timeframe: 4H
AUD/USD reaches moderate supply level, time for pullback?Dear traders, AUD/USD has broken through the 100-day exponential moving
average. However, the price has reached a moderate supply level from
where we can see a pullback in AUD/USD.
If you look at the daily chart, you can see that the area around 0.6510 has
multiple price rejections in the past. So, if we can see the formation of
bearish candlesticks at this level, AUD/USD can reach the 0.64 level again.
AUDUSD SELL | Day Trading Analysis With Volume Profile
Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity AUDUSD
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AUDUSD I Short 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.
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audusd sell. 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 LONG Term Buying Trading IdeaHello Traders
In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET
today AUDUSD analysis 👆
🟢This Chart includes_ (AUDUSD market update)
🟢What is The Next Opportunity on AUDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
AUD-USD KEYLEVELSThe buyers finally managed to have possession of the price for 2 days in a row.
A spectacular comeback, with a Dxy that seems to have more and more problems, the FED pause, and bad data for the dollar +investors who can't wait to sell their dollar to buy everything on the market at a discount.
AUD/USD reaches resistance, time for a sell?Hello traders, AUD/USD has reached the hourly resistance. Thanks to weak
USD weakness driven by the data released just now, all the USD pairs have spiked
up. However, this could be an opportunity to sell AUD/USD@0.65 zone
with targets at 0.6450 and 0.64 level.
AUDUSD LONG Term Buying Trading IdeaHello Traders
In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET
today AUDUSD analysis 👆
🟢This Chart includes_ (AUDUSD market update)
🟢What is The Next Opportunity on AUDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
AUDUSD: AUDUSD is supported by bond yield differentialsThe Australian dollar is up 0.70 percent for the day and is reaching session highs. At 0.6432, the pair is getting close to its highest level since October 11 at 0.6445.
Bond yield differentials and variations in Fed and RBA policy choices strengthen the AUD:
Interest rates between 5.25% to 5.50% will remain unchanged, according to the Fed. On November 7, it is anticipated that the RBA will raise interest rates by 25 basis points to 4.35%.
The yield on Australian government bonds maturing in 10 years dropped by 3 basis points to 4,797%. However, it is important to remember that since September 1, the yield has risen by 83 basis points, from 3,963% to 4,797%. In the meantime, the yield on Treasury bonds went up to 4.71% from 4.06%. Considering the variations in
AUD/USD ↘️Hello Everyone 🙋🏽♂️
🔴 0.63730
🟢 0.63400
🟢 0.63250
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .