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Audusdshort

A cautious bounce for AUD/USD ahead of US CPI, FOMCFriday's nonfarm payroll report took many by surprise to send the USD dollar sharply higher against all of its major peers. And that clearly took it toll on the Aussie, which suffered its worst day in five weeks. A bearish outside week formed, all thanks to an elongated bearish engulfing candle on Friday. AUD/USD managed a minor rebound from its 100 and 200-day EMAs on Monday, but it was a public holiday in Australia and China so the move is assume to corrective. The 1-hour chart shows prices are sitting around the monthly pivot point and 38.2% Fibonacci level, so we're looking for a swing trade short whilst prices remain beneath 0.6630 and for a move down to 0.6560.
Short
by CityIndex
🤔AUDUSD: example of an unclear market🤔☝️Do not act based on my analysis, do your own research!! Learn from my experience, with all the mistakes and pain shared on the way to the main goal - consistency. I'm always glad to discuss and answer questions. ⚠️ ALL videos and ideas here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. DO NOT act based on my analysis, do your own research!!
by Yelli_trades
8
AUDUSD: The AUD has also returned to rising momentumAUDUSD: The AUD has also returned to its upward momentum, especially surpassing the 0.6660 zone, showing that the flag pattern has broken to maintain the previous upward trend, so AUDUSD has a high risk of continuing to rise above it. resistance zone 0.67 to move to higher price area. The target is expected to be above the 0.68 threshold. Therefore, in the short term, you can consider buying up AUDUSD today. Recommended to buy around the current price range
Short
by Chart_MasterPro
GBPUSD: in the short term there is also a recoveryGBPUSD: In the quick time period, the British Pound is likewise recuperating to check the resistance round 1.2770. On the H1 frame, it could be visible that this resistance region has promoting stress acting on GU, so withinside the quick time period and with high-quality records which could come to the USD tonight, it's far anticipated that GU will even flip down whilst tested. Check this resistance zone. Ace considers promoting down with GU round 1.2770, quick-time period goal returns to 1.2700
by Chart_MasterPro
AUDUSD: maintaining narrow range accumulationAUDUSD: The AUD withinside the quick time period is likewise preserving a slender accumulation variety with a corrective downtrend wherein the aid place of ​​0.6590 is likewise touching the EMA200 withinside the H4 frame. The predicted situation is that AUDUSD may also lower from the modern-day rate variety. If AUDUSD falls beneath 0.6590, it'll verify a longer-time period downtrend. It is usually recommended to promote with this forex pair.
Short
by Chart_MasterPro
AUDUSD: The AUD in the short term turned downAUDUSD: In the short term, the AUD has also turned down. Currently located around the 0.6600 support zone. Because this is an important neckline support area as well as touching the EMA 200 H4 frame, we need to observe the price reaction around this area. If AUDUSD continues to penetrate the current price range, it will create a double peak pattern confirming a deep downtrend. Ace may explore selling down on AUDUSD in the context that the USD is currently rising strongly, reinforcing this short position.
by Chart_MasterPro
Possible short AUDUSD ... the week of 27 MayThe uptrend of this pair has been broken as evidenced by the double top and then, price crossing below the uptrend line. Now we can see a nice structure forming as the pair makes its way to the downside. My arrowed line indicates what I would like to see happen, but it is rare to see an ideal formation. I will be watching this pair next week for further indication that bearish trend will continue and take action at the appropriate time. An initial target in the area between 0.6465 and 0.6450 seems logical with the possibility of lower levels too. This is not a trade recommendation. Trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management in all your trades. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Short
by Trading_Vista
6
AUDUSD Bearish Butterfly Pattern Signals ReversalThe AUDUSD pair is currently forming a Bearish Butterfly Harmonic Pattern (XABCD), a classical harmonic formation that signals potential trend reversals. The critical Point D, known as the Potential Reversal Zone (PRZ), is where the pattern completes, indicating a high probability of a bearish reversal. Confluence Factors: Key Resistance Area: Point D aligns precisely with a significant resistance level, suggesting strong selling pressure at this zone. 4-Hour Trend Line: The PRZ also coincides with a descending trend line on the 4-hour chart, reinforcing the bearish outlook. RSI Bearish Divergence: The Relative Strength Index (RSI) is exhibiting bearish divergence, where the price is making higher highs while the RSI is making lower highs, indicating weakening bullish momentum. Entry and Risk Management: Entry: Based on the confluence factors, an entry is recommended at 0.66730. Stop Loss: To manage risk, place the stop loss at 0.67180, just above the resistance and PRZ, providing a buffer against potential volatility. Take Profit Levels: TP-1: 0.66280 TP-2: 0.65830 TP-3: 0.65380 These profit levels are strategically placed at key support zones and Fibonacci retracement levels, offering a structured exit plan as the market potentially moves in our favor. Conclusion: Given the alignment of the Bearish Butterfly Harmonic Pattern, key resistance, trend line, and RSI divergence, a bearish reversal is anticipated from Point D. This setup presents a high-probability trading opportunity, supported by multiple technical factors. The proposed trade setup provides a favorable risk-reward ratio, making it a prudent entry for traders looking to capitalize on a potential trend reversal in the AUDUSD pair.
Short
by trading_jupiter
AUD/USD: Westpac's Bullish Perspective The AUD/USD and NZD/USD are trending higher due to risk-on flows boosting these currency pairs. For AUD/USD, on the downside, immediate support could lie at 0.6594, just above the 100 Daily Moving Average. The RSI is almost levelling off at around 80. Westpac recently highlighted a bullish stance on AUD/USD: “...there is no clear path to significantly higher US yields at the moment, especially with Powell reiterating that persistent inflation trends prolong restrictive policies rather than suggesting imminent rate hikes. Additionally, there are increasing risks of a weakening job market, as indicated by softer April payrolls and last week's rise in jobless claims.” In essence, Powell has tentatively ruled out rate hikes, while Nonfarm Payrolls and other job data have started to soften. Furthermore, recent US CPI data revealed that the annual inflation rate eased to 3.4% in April 2024 from 3.5% in March. Although inflation remains stubbornly high, the downward trend may not support USD bulls. Extra gains might push the AUD/USD to test 0.6700, before approaching the key 0.6750 level.
by BlackBull_Markets
AUDUSD: AUDUSD analysis todayUBS, a Swiss bank, stated in a May thirteen report: "Historically, May has been a superb month for the greenback. Our seasonal indicator indicates that call for for USD normally will increase in overdue April and peaking in mid-May, with the Euro (EUR), Australian Dollar (AUD) and New Zealand Dollar (NZD) normally maximum affected." UBS added: "More mainly to the overseas exchange (FX) marketplace, that is additionally a signal that the marketplace can also additionally were preserving the USD lengthy for superb costs and as a shielding hedge. This prevents chance sell-offs in desire of the greenback as visible in preceding periods, while the greenback acted as extra of a supply of chance."
Short
by Chart_MasterPro
A double top makes me consider a short on AUDUSD My chart is self-explanatory. I will be taking a trade as soon as market stabilizes on Monday, perhaps you will give this some thought too. Being prepared for the unexpected is always good in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
AUDUSD: USD increases; The market waits for statements from the The greenback edged better on Wednesday, bucking current weak point as numerous Fed officers organized to speak. At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the dollar towards a basket of six different currencies, traded 0.2% better at 105,500, off its lowest withinside the nearly a month remaining week. The greenback obtained a small increase overdue Tuesday after Minneapolis Fed boss Neel Kashkari stated chronic inflation and a robust economic system may want to convince the United States important financial institution to depart hobby costs unchanged. for the the rest of this year. US hobby charge moves hold to draw marketplace interest and with out pinnacle US monetary facts this week, policymakers` evaluations come to be even extra important. Fed Chairman Jay Powell basically dominated out in addition tightening remaining week, however lots of uncertainty stays approximately whilst a flow decrease will occur. Investors haven't any scarcity of Fed officers to look ahead to Wednesday, with Vice Chairman Philip Jefferson, Governor Lisa Cook and Boston Fed President Susan Collins ready to speak.
Short
by Chart_MasterPro