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Audusdshort

AUDUSD Potential Short positionAUDUSD is in bearish trend if we are looking at 1H timeframe. Zoom in to 15-minute timeframe, we are seeing short position opportunity if the price breaks its trendline support. Despite unexpected news this morning related to Australian dollar which brings strong good momentum for all AUD pairs, the momentum seem weakens in USA trading hours. I am expecting AUDUSD to continue its major trend (bearish) and forming descending broadening wedge pattern. Happy profit! Good luck!
Short
by MekarTrading
Trading Opportunities in AUD/USD This WeekOn Monday, the US dollar increased to nearly a two-week high against a range of currencies as the Federal Reserve is expected to raise interest rates by 25 basis points later this week. The dollar also gained on Friday due to elevated core inflation in March. This week, investors will be focused on whether the Federal Reserve plans to halt interest rate increases after May or if another increase is possible later this year. Job data is also in play, with the JOLTS Job report expected to show a 200,000 drop in open jobs to 9.7 million, and the Non-Farm Payrolls report on Friday likely to show that 180,000 jobs were added in April. Traders might consider the AUD/USD trade this week as the Reserve Bank of Australia is anticipated to announce its latest interest rate decision today. While falling inflation figures in the March quarter might provide room for the RBA to pause on further rate hikes, the RBA remains cautious of high inflation and concerns about wage and population growth. Most economists and financial markets are predicting that the official cash rate will remain at 3.6%, but the decision could be a close call. The Commonwealth Bank forecasts a 25-basis-point increase, while NAB, Westpac, and ANZ all predict a hold. The Commonwealth Bank’s forecast coming true is what traders might like to look for in regard to trading opportunities. Minutes from the RBA's April board meeting indicate that the influx of 700,000 new arrivals could put considerable pressure on Australia's existing capital stock, particularly housing, resulting in higher consumer prices. While higher immigration could ease wage pressures in industries experiencing significant labour shortages.
by BlackBull_Markets
AUDUSD Trading Plan - 30/Apr/2023Hello Traders, Hope you all are doing good!! I expect AUDUSD to go Down after finishing the correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper
AUDUSD Technical Analysis and Trade IdeaThis video offers a comprehensive analysis of the AUDUSD, concentrating on its recent trading patterns. It's worth noting that a significant resistance level had been reached with a bearish break of structure evident on the chart. Bigger players may look to attack buy-side liquidity resting above in the form of stop losses. The video delves into various topics such as trend analysis, price action, market structure, and price gaps. Furthermore, it briefly mentions a potential trade opportunity.
Short
by fxtraderanthony
AUDUSD Swing IdeaWeekly: -AUDUSD has been in a crunch/ consolidation zone for the last seven (7) weeks. That means that since March, we have pretty much been moving within a certain zone of price. -The previous weekly bias was fairly strong in favor of the bears. There is a higher likelihood, statistically, of us picking up the previous bias/momentum and dumping to the downside than we are to shift direction and head to the upside. -we have no strong level based on the recent weekly price action (going back 5 years) to support the pair and provide a springboard for us to push north. -historically, the zone between 0.71000 and 0.62000 has been void of strong support that has resulted in an upswing on the pair. -based on these aspects, 0.62000 is the most potent level to provide support on the weekly and push us to the upside. Daily: -while the weekly has been in consolidation, the daily has been, overall, creating a Head and shoulder pattern on the larger picture. This is one of the most profitable patterns one can have -this being clear as per the image, we are very likely going to head all the way to 0.62000 in the next few weeks/months. Based on these facts, both the weekly and daily are pointing the pair south and 0.62000 is the best level to target for me. How to trade this: -we have just broken structure on H4 with some clear bearish strength -once the impulse has been relieved (once we have a retracement), I intend to enter a sell on the pair (preferably around 0.67100) and aim for 0.62000 long term. -I also seek creation of structure below the monthly low at 0.65640 in order for me to engage the market with a clear bias in favor of the downside. This is where I would load up orders to support the sell position. NOTE: the current market has been in a very erratic state. the level of risk related to taking this hard line of a bias is fairly high, considering the last seven weeks of price action. Use your own analysis to determine which way to lean
Short
by lovinmulika
AUDUSD short set up price had not been doing much lately , currently on a short position from last night and price had been forming LH and LL . nonetheless , price respected the hourly bearish orderblock last night , therefore the sell trade is taken if price break through the orderblock Level , bias will be change . take profit level will be the H4 supply level at 0.66757( that possible level , price might reversal ). stop loss level will be at the high of the bearish orderblock level .
Short
by Brixton_Trade
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD - Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Even now, if RISK ON for AUDUSD happens in the near future, it can definitely go UP. Therefore, AUDUSD currently has an UPSIDE BIAS. Several RBA HAWKISH COMMENTS have been released. Also USD has become STRONG in short term with FED SENTIMENT. It will most likely be temporary. Therefore, STOCKS and COMMODITIES MARKETS are going down quite a bit. It is heavily influenced by the Australian dollar. And AUSTRALIA INFLATION DATA was very POSITIVE. Due to this, the RBA made a RATE HIKE. - It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go up to the level of 0.6884. After that, if MARKET RISK OFF, AUDUSD can SELL to AUDUSD 0.6500 LEVEL if MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. If the dollar becomes strong, you can sell until the level of 0.6552. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
by benny_marshall
AUDUSD: Affection!Greetings to all traders! I have some valuable trading-related information that I would like to share with you ❤️ My prediction is that the Australian Dollar will be influenced by the state of global growth and China's economy, without leaving out any crucial information. I anticipate that as China's economy reopens and experiences more robust growth, the Australian Dollar will strengthen as well. Stronger growth in China as its economy continues to fully reopen to support Aussie
Long
by Sphyn-Trader
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