AUDUSD - Potential sell idea ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from FIBO 0.618 level.
Fundamental news: This week on Friday will be released Unemployment Rate on AUD, news with high impact on currency.
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Audusdshort
AUDUSD: The dollar headed for a second weekly gain amid interestThe US dollar is on track to gain for a second straight week today, underpinned by a strong US economy that has changed expectations for an interest rate cut by the Federal Reserve. The greenback's 0.17% gain for the week was tempered after Thursday's warning message from financial leaders in the US, Japan and South Korea regarding the weakness of the Japanese yen and won by South Korea, suggesting the possibility of coordinated intervention.
Asian currencies have been hit particularly hard by a stronger dollar. Carol Kong, a currency strategist at Commonwealth Bank of Australia, noted the importance of the joint statement and acknowledged the growing possibility of Asian foreign exchange intervention. However, Kong expressed uncertainty about US involvement, arguing that a stronger dollar would h
AUDUSD - Bearish Breakout ConfirmedThe Australian dollar continued its strong sell-off even as the prices of industrial metals continued bouncing back. The AUD/USD pair crashed to a multi-month low of 0.6450 on Monday, much lower than this month’s high of 0.6645.
Bearish view:
- Sell the AUD/USD pair and set a take-profit at 0.6425
- Add a stop-loss at 0.6525
Bullish view:
- Set a buy-stop at 0.6480 and a take-profit at 0.6550
- Add a stop-loss at 0.6400
Guys, what do you think? Leave a comment with your thoughts.
audusd confirm signalAUD/USD (Australian Dollar - US Dollar) is one of the most frequently-traded currency pairs in the world. The AUD/USD rate, as shown in the real-time price chart, tells traders how many US Dollars are needed to buy a single Australian Dollar. Follow the AUD/USD live with the interactive chart and read the latest forecast and AUD/USD news to boost your technical and fundamental analysis when trading this pair.
AUD/USD has found fresh buyers near 0.6400, hanging near YTD lows after strong China's Q1 GDP data. However, the further upside appears elusive amid weak Chinese activity data and sustained US Dollar demand. Focus shifts to US data, Fedspeak.
If sellers remain in control, AUD/USD could fall to the 2024 low of 0.6442 (February 13). Breaking below this level may result in a potential test of the 2023 bottom of 0.6270 (October 26), before the round level of 0.6200.
On the flip side, there is an immediate hurdle at the key 200-day SAM of 0.6539 prior to the April high of 0.6644 before reaching the March top of 0.6667 (March 8) and the December 2023 peak of 0.6871. Further north, the July high of 0.6894 (July 14) precedes the June top of 0.6899 (June 16) and the crucial 0.7000 threshold
AUD/USD struggles in the hourly chart, probable sell opportunityHello traders, AUD/USD has been struggling to clear the 0.6620-0.6650 resistance zone.
We have observed multiple bearish candlesticks on the hourly chart.
So, if price continues to struggle here, there could be a potential short opportunity
with initial target at 0.6550 level.
Keep in mind that this is the hourly chart, so even if you sell, consider taking profit
if price moves 30-35 pips in profit
Bullish patternFX:AUDUSD there is a bearish pattern in weekly, going toward fair value price then shoot up, as FED is keeping rates the same for a while pair could go down and may take a while to go there, and once FED cuts rates go up ( may go even before that with demand), this is for the long term, for short term pair could re OANDA:AUDUSD OANDA:AUDUSD trace from here a little bit.
audusd shortAUD/USD (Australian Dollar - US Dollar) is one of the most frequently-traded currency pairs in the world. The AUD/USD rate, as shown in the real-time price chart, tells traders how many US Dollars are needed to buy a single Australian Dollar. Follow the AUD/USD live with the interactive chart and read the latest forecast and AUD/USD news to boost your technical and fundamental analysis when trading this pair.
AUD/USD has entered into a sideways range on the short-term charts. The pair has just formed a bearish candlestick at the range highs and is looking poised to weaken. A move back down is possible towards the range lows at 0.6420.
If sellers remain in control, AUD/USD could fall to the April low of 0.6480 (April 1), followed by the March low of 0.6477 (March 5) and the 2024 bottom of 0.6442 (February 13). Breaking below this level may result in a test of the 2023 low of 0.6270 (October 26), prior to the round level of 0.6200.
Further upward is projected to initially test the April top of 0.6644 prior to the March peak of 0.6667 (March 8) and the December 2023 high of 0.6871. Further north, the July top of 0.6894 (July 14) precedes the June peak of 0.6899 (June 16) and the critical 0.7000 mark.
Looking at the big picture, the pair is projected to maintain its bearish trend while below the important 200-day SMA.
On the 4-hour chart, the pair's constructive bias appears threatened. The support comes at 0.6498 ahead of 0.6480. On the other hand, immediate resistance is at 0.6644, before 0.6667. Furthermore, the MACD stayed bullish, and the RSI fell to around 31.
AUD/USD 0.66400 zone rejecting or not?(4/5/2024)In our last analysis, we had anticipated the AUD/USD would drop but after the ISM PMI result, the market turned the table and told us that the price has more corrections to do.
in this case, we expect an ABCDE diagonal triangle pattern to be completed by price.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
AUDUSD: Asian foreign exchange was little changed, the dollar leThe greenback fell from a almost five-month excessive after Powell`s remarks
The greenback index and greenback index futures fell barely in Asian trading, extending in a single day losses after Federal Reserve Chairman Jerome Powell gave blended indicators on a reduce. lessen US hobby fees.
While Powell stated the Fed might subsequently reduce hobby fees later this year, he gave scant indicators at the timing and length of cappotential cuts. Powell additionally stated the crucial financial institution will want to be extra assured that inflation is shifting towards its annual goal of 2%.
Powell's remarks come simply in advance of key March nonfarm payrolls data, due out on Friday. Steady inflation and the electricity of the hard work marketplace are the Fed's largest issues in its capacity to reduce hobby fees.
Ahead of the hard work data, there has been additionally recognition on speeches from different participants of the Fed's hobby rate-placing committee. FOMC participants Michelle Bowman and Thomas Barkin will communicate at separate occasions afterward Thursday.
AUDUSD: 03/04/2024
Please be informed that we should wait for the price to rise to our level and then wait for a clear reversal on the daily timeframe. Currently, we are observing strong bearish signals on the DXY, and due to the overbought condition on the DXY, the price is likely to decline further and undergo a significant correction. It is crucial to monitor the DXY rebound, as there will be news on Friday that will significantly impact USD pairs, including AUD.
Wishing you the best of luck and safe trading.
AUDUSD - Bearish Trendline ChannelMarket Overview:
At the 4-hour time frame, AUDUSD exhibits a robust Bearish Trendline Channel, suggesting a prevailing downward momentum. Currently, the currency pair finds itself positioned at a crucial residential level, adding weight to the potential bearish outlook.
Entry and Stop Loss:
Based on the analysis, a strategic entry point is identified at 0.65200, aligning with the broader downtrend and providing an optimal risk-reward ratio. To mitigate potential losses, a recommended stop loss is set at 0.65600, strategically placed to protect against adverse market movements.
Profit Targets:
Regarding profit-taking levels, two targets are outlined: TP-1 at 0.64850 and TP-2 at 0.64480. These levels are chosen based on technical support and resistance areas, aiming to capture potential downward price movements within the established trend.
Conclusion:
In conclusion, the technical analysis suggests a bearish bias for AUDUSD, with a calculated entry point, stop loss, and profit-taking levels in line with the prevailing market dynamics. Traders are advised to execute with caution and adhere to risk management principles.
Disclaimer:
This analysis is based on current market conditions and may be subject to change as new information becomes available.
AUDUSD: Asian foreign exchange was little changed ahead of key dDollar constant with PCE inflation and Fed remarks in focus
The greenback index and greenback index futures fell throughout the Asian consultation on Tuesday, extending in a single day losses because the dollar noticed a few profit-taking after growing to an intraday high. one month.
Still, investors stay closely biased in opposition to the greenback in advance of key inflation and Federal Reserve alerts this week. PCE fee index data - the Fed`s desired inflation gauge - may be launched on Friday and is broadly anticipated to persuade the primary bank's hobby price outlook.
Along with PCE data, speeches from key Fed officials, consisting of Chairman Jerome Powell and FOMC member Mary Daly, may also be launched this week.
AUD/USD aimed for 0.635 (3/26/2024)Hello Traders
AUD/USD moving down in 5 Elliot wave impulse waves.
After the first 5 wave impulse, AUD/USD made an ABC correction.
Afterward, we faced a big drop in AUD/USD indicating that the price desires lower levels and has started another 5-wave impulse.
So we believe every correction is a sell opportunity for this pair.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
AUDUSD remains mixed and volatileAUDUSD - 24h expiry
The primary trend remains bearish.
The rally has posted a correction count on the daily chart.
As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels.
Risk/Reward would be poor to call a sell from current levels.
Bespoke resistance is located at 0.6560.
We look to Sell at 0.6560 (stop at 0.6580)
Our profit targets will be 0.6505 and 0.6470
Resistance: 0.6560 / 0.6580 / 0.6600
Support: 0.6520 / 0.6500 / 0.6470
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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AUDUSD SHORTAUD/USD (Australian Dollar - US Dollar) is one of the most frequently-traded currency pairs in the world. The AUD/USD rate, as shown in the real-time price chart, tells traders how many US Dollars are needed to buy a single Australian Dollar. Follow the AUD/USD live with the interactive chart and read the latest forecast and AUD/USD news to boost your technical and fundamental analysis when trading this pair.
Australian Dollar extends losses amid an improved US Dollar on Friday. The decline in the ASX 200 could have undermined the Australian Dollar. S&P Global Manufacturing PMI rose to 52.5 against the expected 51.7 and 52.2 prior. confirm signal
AUDUSD - Bullish continuation ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I expect bullish continuation after price filled the imbalance and rejected from trendline + support zone. This move is supported by weak USD after news.
Fundamental news: Tomorrow we will see results of Unemployment Rate on AUD, news with high impact on currency.
Like, comment and subscribe to be in touch with my content!