Bullish reversal for AUDUSDPrice has made a bearish divergence. Head & Shoulder has formed as a clear indicator of trend reversal. If the price breaks the neckline it will be trend reversal.
Audusdshort
AUDUSD Trading Plan - 20/Mar/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.
UPDATE AUD/USD Almost hit take profit now final stretch SMCAUDUSD formed a Rising Flag and broke below.
We then had price declining on a decent 45 degree slope showing the supply side was strong.
We had peripherals showing downside such as 21 >7 - Bearish RSI < 50 - Bearish
Target 0.6500
The target is still on as now there is a small Rising Pennant forming which we can expect to break to the downside.
SMC (Smart Money Concept)
Where the most recent low was you can see it is one of the strong levels of liquidity (supports). This formed an order block which swept shorters stop losses before going up. I think this upside is short lived and we'lll get one more push to the downside to sweep more liquidity which will get us out of the short.
However, it's not a bad idea to take some profits off the table and move stop to breakeven at this stage.
AUDUSD BuyAUD/USD remains mildly bid above 0.6700, around 0.6715 by the press time, as upbeat comments from the Reserve Bank of Australia (RBA) Official joins the market’s cautious optimism over the UBS-Credit Suisse deal during early Monday. However, fears of more banking sector rout and anxiety ahead of this week’s top-tier data/events probe the Aussie pair buyers of late.
Christopher Kent, Assistant Governor (Financial Markets), gave a speech on "Long and Variable Monetary Policy Lags" at the KangaNews Debt Capital Market Summit, in Sydney, early Monday morning in Asia-Pacific. The policymaker initially followed the suit of global central bankers while trying to rule out fears of the US and European banking sector fallout. More importantly, RBA’s Kent said that RBA is very conscious of the challenges facing borrowers from rapid rate rises.
AUDUSD main trend is still bullish. Currently on the h1 chart the price is consolidating and waiting for a breakout. Recommended to wait to buy around 0.6690, SL: 0.6660, TP: 0.6760
AUDUSD potentional ShortHey Guys, we are also monitoring AUDUSD for a SELL opportunity around 0.67500 zone. If the zone will hold, take a short. Lets see tomorrow.
AUDUSD analysis DAYBroke the trendline and making a move downwards. Price will find resistance and continue down to TP1: 0.62748 and TP2: 0.61941.
AUDUSDAUDUSD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
AUDUSD BuyThe Australian dollar trended upward through trade on Thursday as market sentiment improved following reports Credit Suisse will access as much as 50 billion Swiss Franc as a liquidity backstop. Having slipped below US$0.66 on Wednesday the AUD climbed steadily pushing back through US$0.6650 to mark intraday highs at US$0.6665. Better than anticipated domestic employment data helped underpin the AUD and AU rates as the market sought to price future rate adjustments. The events of the last week have dramatically changed the monetary policy landscape with analyst now expecting just one more rate hike before entertaining the possibility of rate cuts. With financial markets still absorbing this last shock price action will continue to be driven by offshore volatility. A sustained improvement in sentiment could help lift the AUD back through 0.67, although we anticipate markets will sideline major bets until after next weeks Fed Policy meeting. With US rate expectations tempered markets will be keenly attuned to the Fed’s response to this latest banking crisis.
AUDUSD h1 price is accumulating for a short period of time waiting to be discovered. Today, it is possible that the pair will go to the 0.6700 resistance area. Recommended to buy at current short price 0.6663, SL: 0.6630, TP: 0.6700
AUDUSD to stall at previous support.AUDUSD - Intraday - We look to Sell at 0.6715 (stop at 0.6745)
Buying pressure from 0.6590 resulted in prices rejecting the dip.
The current move higher is expected to continue.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Previous resistance located at 0.6717.
Our profit targets will be 0.6625 and 0.6550
Resistance: 0.6665 / 0.6780 / 0.6925
Support: 0.6550 / 0.6380 / 0.6170
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AUDUSD SELL Playing out nicely I analysed this pair on 7 of March 2023 and it's playing out nicely. AUDUSD broke a strong support with huge engulfing candle on daily TF and came back retested the zone that's a very good sign that this pair is ready to go down. I'm anticipating 400 pips on this pair.
AUDUSD SELL playing out nicely I analysed this pair on 7th of March and it's playing out nicely. AUDUSD broke a strong support with a huge bearish engulfing candle, came back retested the zone. that's a very good sign the pair is ready to go down. I'm anticipating 400 pips on this pair.
AUD is going to drop to 62/64c. RBA is going to halt risesAUD is going to drop to 62/64c for a number of reasons
-RBA is going to halt rises
-AUD economy is not good
-25% of Australians are now negative on their home loans
-Retail sales are dropping and spending is decreasing
-Banks are not stable
AUD might head up 1c before dropping 3-4c
or it might drop a few cents in the next month
AUDUSD Sell ZoneWait for clearing Equal High Liquidity sweep
There are two possible in Entries
Wait for Entry zone and look for BOS in LTF
Use Stop Loss
Before entering the Trade do your own research.
AUDUSD SellThe AUD/USD had the best day in months on Monday, boosted by a sharp decline of the US Dollar Index (DXY), despite risk aversion. The pair rose almost a hundred pips and stabilized around 0.6675 after hitting five-day highs above 0.6700.
The collapse of Silicon Valley Bank (SVB) on Friday triggered a crisis and a run to safety. The rally in Treasury bonds weighed on the DXY, which dropped more than 1% on Monday, falling below 103.70. The US 10-year yield fell more than 4% to 3.50%. The Aussie held relatively well despite market jitters. Volatility is set to remain elevated. If panic persists, it would be more difficult for AUD/USD to hold at current levels or extend the rally.
AUDUSD term trend is still down. In today's price it is possible that the price will sweep up to the 0.6700 resistance area again then continue to go down. Recommended to wait to sell to 0.6700, SL: 0.6750, TP: 0.6650-0.6575
audusd elliott wave analysis updateaudusd elliott wave analysis update 13/03/2023
audusd achieve the target +230
It is clear that the pair completed the first impulse for the downside trend
Now, the pair should correct to 0.67900 and 0.68600 levels
AUDUSD SellThe Australian dollar is slightly stronger this morning when valued against the Greenback. The Aussie dollar finished the week on a soft note closing at 0.6580 and this saw NZD/AUD back above 0.93. Last week the Australian Dollar fell as the Reserve Bank of Australia (RBA) and Federal Reserve went their separate ways on monetary policy and high beta risk assets met headwinds going into the weekend. The RBA raised interest rates for the 10th consecutive meeting, with rates now sitting 3.5 per cent above where they were when the rate rise cycle began. It’s worth noting that recently financial markets were pricing in a cash rate as high as 4.35 per cent. Ultimately, the peak level of the cash rate is a key piece of the puzzle that will decide the trajectory of everything from home prices to the broader economy. The AUD/USD pair is currently trading at 0.6590. Looking ahead this week and on Tuesday we will see the release of the Westpac Consumer Sentiment and National Australia Bank (NAB) Business Confidence. Both surveys are leading indicators of economic health. On Thursday all eyes will be on the unemployment rate decision by the Australian Bureau of Statistics. NAB is forecasting the unemployment rate to rise sharply to 4.7 per cent next year and 4.8 per cent in 2025 while Commonwealth Bank of Australia (CBA) economist Gareth Aird’s number crunching provides a similar outlook. “We expect the unemployment rate to be 4.3 per cent compared with the RBA’s forecast of 3.8 per cent,” he said. The Australian unemployment rate is currently at 3.7 per cent.
AUDUSD h1 price is moving sideways in the 0.6575-0.6640 zone. In the short term it is possible that the pair will fall to the 0.6575 support area once again. Recommended to sell to the current price 0.6640, SL: 0.6690, TP: 0.6575
AUDUSD SHORT - BEARISH STRUCTURE IN ACTIONWaiting for a pullback into 0.66986 to short AUDUSD back to current 4H lows at 0.65804
If you agree drop a like and if you have any questions leave a comment :)
AUD/USD: Short at 1.0570-1.0580 Range
Following the remarks of the Chairman of the Federal Reserve, the market has returned to a state of volatility after two trading days of digestion. This volatility is unlikely to be broken before the release of US non-farm payroll data in February, and the market needs such adjustments to repair the impact of the previous sharp drop. Therefore, today's market trend will be relatively simple.
In the face of this volatility, the most suitable operation for AUD/USD is naturally to short on rallies. Based on the market situation, the following recommendations are given:
Short at the range of 0.6630-0.6640, with targets at 0.6610, 0.6590, and 0.6570, and stop loss to be determined based on individual circumstances.
FX:AUDUSD
AudUSD Analysis (price action)After price broke down from a long mature uptrend price is currently struggling to break the correction 62% fib level.
Currently price is consolidating and we know
we are at a 62% retracement level on daily so odds
are probably we need a pullback to go further
lower to follow the trend.
Another scenario can be a bearish break could
happen next week.
AUD/USD - Risk as markets price in possible RBA rate hikeThe minutes from the Reserve Bank of Australia (RBA) showed the Board was leaning towards a rate hike of 50bps and dismissing the idea of a pause in rate hikes. Markets expect the bank to raise rates by 24bps at their next meeting and reach a terminal rate of 4.28%.
The RBA's recent decision and data regarding the Wage Price Index will likely affect the Australian dollar.
The 50bps rate hike anticipated by the RBA will likely put pressure on the AUD, but the actual rate increase could be lessened by weaker-than-expected data from the Wage Price Index. The higher terminal rate of 4.28% could also put further downward pressure on the AUD. Overall, the RBA's actions and the upcoming Wage Price Index data are likely to impact the direction of the AUD.
(As written on 21 February 2023)
I forgot to post last night
AUDUSD TRADE IDEA / SWING TRADE / SHORT (NFP - RISK EVENT)This is trade idea for AUD Swing Trade
-Sell in Fib Golden Ratio Area or H1 OB-, you can choose one according to the confirmation that will occur.
-Hawkish of Powell Speech (FED) pushes AUD to drop further to find Demand area for buy.
-Risk Reward 1:4
AUDUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective of AUDUSD .
Here we are bearish from daily perspective, so I am looking for shorts. I expect price to make a retracement to fill the imbalance higher and then to reject from bearish order block.
‼️Attention!!! Due to the fact that we have news events on USD on Friday, the analysis can be invalidated.
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