AUDUSD BULLISH moment on the way...AUDUSD is a forex instrument that has 5.4% of trading volume.
AUDUSD have been consolidatiing in the rectangle for past 2 month. It break to the downside but proved to be a fakeout. and market reversed and ended up back in channel.
AUDUSD is expected to be bullish for next week.
Reason :
Fakeout and very nice volume comeback to channel.
Price > 5 EMA >13 EMA
Bullish pattern formation after fakeout. right time to make position.
RSI > 50 Bullish Zone.
Verdict :
Bullish for next Week
Plan of action:
Buy: 0.63835 (after retrace)
SL: 0.63508
Target: 0.64941
Audusdsignal
AUDUSD END-WEEK ANALYSIS UPDATE 01/10/2023AUD/USD Potential Bearish Move 📉
Expect a possible bearish shift in AUD/USD as the US Dollar gains strength. Consider short positions with a clear entry point, set stop-loss and take-profit levels, and maintain effective risk management. 🚀💹 #AUDUSD #Forex #TradingView 📉
XAUUSD MID-WEEK ANALYSIS-UPDATE 24/09/2023Anticipating a Positive Reversal Post 3-Day Bearish Trend
After a three-day downturn in the AUD/USD pair, market dynamics are displaying intriguing signals. This adjustment aligns with the relationship between the Australian Dollar (AUD) and the US Dollar (USD), paving the way for an expected positive reversal in the AUD/USD.
Join us as we vigilantly observe this currency pair's journey in the days to come. Always remember that trading carries inherent risks, so it's crucial to stay astute and adjust your strategy in accordance with the unfolding market scenario. Happy trading! 📈💰 #AUDUSDImpression #PositiveReversal #TradingView
AUDUSD END-WEEK ANALYSIS-UPDATE 24/09/2023AUD/USD Outlook: Surfing the Forex Waves - But Watch the DXY
The AUD/USD journey has been an eventful one, with our earlier forecast for a recovery spot on. However, market dynamics are ever-shifting, and the next chapter is upon us.
Now, I'm anticipating a potential downturn for AUD/USD as the US dollar regains strength. But here's the caveat: this scenario hinges on the DXY maintaining its bullish momentum above 105.864. Join me in monitoring this intricate interplay of factors as we navigate these forex waves. Stay tuned for more insights and updates! 📉📈 #AUDUSDOutlook #MarketShifts #TradingView
AudUsd- Remains bearishSince mid-August, AudUsd is trading in a range.
Last week the pair tried to break under support and failed. The pair reversed and tested 0.65 zone resistance once more, a level at which bears sold the pair aggressively, leaving a long-tailed Pin Bar on our chart.
At the time of writing the pair is dropping once more and this time is very probable to have a genuine break of support if the pair touches this level again.
In this case, down continuation to the 0.62 zone is the most probable scenario.
As long as AudUsd is trading under 0.65 I'm bearish
AUDUSD Analysis 1 Okt 2023After analyzing the Audusd on the D1 timeframe, I noticed a trend-forming candle from two weeks ago. There was a trendy sideways movement with a distance of 300 pips, but a bearish candle managed to break through the support in the middle of the week. I also observed a candle Pin Bar in the resistance area, which leads me to believe that the Bearish Trend is still dominant. Based on this, I recommend finding a short position now.
DeGRAM | AUDUSD is near resistance / psychological level AUDUSD recently broke out of the descending channel; it is trading near the psychological level a 0.65000.
The price is likely to consolidate around or below the psychological level for accumulation and go down.
The market created the bearish harmonic pattern, which is extra confirmation.
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AudUsd- Navigating its Downtrend: Where's the Bottom?Aud is very weak and the recent drop is not only on the back of USD strength...
After the new failed attempt to stay above 0.68 important figure back in July, the pair started to drop hard and in this descent cleared some very important levels that should have provided support: 0.66 and 0.65
For more than a month now the pair is trading in a 150 pips range, but the break down looks imminent at this moment.
Looking at the posted chart we see how strong the 0.65 ceiling is and for AUD to reverse back up would take a lot of fundamental reasons that simply are not there.
In conclusion, any rallies above 0.64 should be sold and swing traders could target 0.6250.
AUDUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD Analysis. New Signal From Me!!!Hello Everyone. I want share my idea about AUDUSD pair.
After some price consolidation i got some good moves which actually gave me new and good entry point.
Price action had perfect reaction from daily support which broke 4H interested zone ( here in consolidation price had many times reaction) and now it stopped there where we have daily Trendline which broke second time. i think from here to Daily resistance its really good moment to catch that movement.
Open Position - 0.64433
Stop Loss - 0.64133
Take Profit - 0.65110
Good Luck Everyone!!! Manage your risk!!!
DeGRAM | AUDUSD confluence level for short opportunityAUDUSD moved out of the ascending channel and made lower lows.
The price is pulling back to the resistance level at 0.64500.
Price action formed a confluence level for the short opportunity: fibo level 50.8% and dynamic resistance.
We expect a bearish move from the resistance level.
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AUDUSD - Long active ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I expect bullish price action from here as price filled the imbalance and could reject from bullish order block.
Like, comment and subscribe to be in touch with my content!
AUD USD Bat forming I hope everyone enjoyed the Gold bat yesterday, I felt nervous about publishing it as everyone in the chats was saying to buy gold at the news. Anyway, all was good, and all the guys at XAU USD Elite earnt lots of lovely profit. It proves that if your strategy is sound then you always go with it, do not be swayed by others.
Anyway, here we are with the AUD USD, and a bat is forming. We know the rules; if it doesn't reach point D then the bat fails, we press delete, and go and find more bats.
Published 21st September 10:45am UTC+1
"AUDUSD: Bullish Momentum Towards 0.6700+"AUDUSD is anticipated to experience an upward trajectory in the near future. The price recently reached a crucial support level at approximately 0.6400, and subsequently, the market exhibited a notable surge in momentum.
This positive price action suggests a potential bullish trend in the making. Traders and investors can reasonably expect the price to ascend towards the prominent resistance zone between 0.6700 and 0.6740, where a trendline convergence may offer significant trading opportunities.
AUDUSD BUY 0.6430
TP1 - 0.6700
TP2 - 0.6740
SL - Join Our Channel
AUD/USD Navigates Volatile Waters: Analyzing Barriers/CatalystsThe AUD/USD pair is currently in a volatile state due to conflicting signals from macroeconomic trends in China and the United States. A strong resistance level at 0.6485 makes it difficult for upward momentum to develop. China's positive economic data offers some upside for the AUD, while the US dollar's strength creates downside risk.
TRADE IDEA DETAILS
CURRENCY PAIR: AUD/USD
CURRENT TREND: Sideways, with resistance at 0.6485
TRADE SIGNAL: Neutral (Caution advised)
👉ENTRY PRICE: 0.6450 (only if you see a confirmed breakout above 0.6460)
✅TAKE PROFIT: 0.6500 (if the breakout happens, targeting the next psychological level)
❌STOP LOSS: 0.6420 (below the lower boundary of the current range)
ANALYSIS:
The currency pair is facing strong resistance at 0.6485, making a 'Buy' signal risky unless a confirmed breakout occurs above 0.6460. With the Chinese economic indicators being positive but the US Dollar being strong, we're essentially in a market tug-of-war, contributing to a sideways trend. Given this, a cautious approach is warranted. For a 'Sell' signal, additional downward pressure would need to manifest, possibly from US economic data.
FINAL THOUGHTS:
The current conflicting macroeconomic indicators from China and the US are resulting in a sideways trend. In this setup, caution is advised. It's essential to watch for definitive signals in either direction before entering the market.