AUDUSD: Bullish Outlook For Next Week Explained 🇦🇺🇺🇸
We see a local confirmed bullish reversal on AUDUSD.
The pair violated a key horizontal resistance and a resistance line
of a falling wedge pattern.
We can anticipate a growth.
Next resistance - 0.661
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Audusdsignal
DeGRAM | AUDUSD drop from the resistance levelAUDUSD dropped from the resistance level and fell below the previous support.
The price broke and closed below the resistance level.
The market is consolidating on the 4-hourly chart, and price likely will retest the support.
We expect a bearish move.
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AUDUSD H1 / Looking For a Short Entry in SUPPLY AREA 📉Hello Traders!
This is my idea related to AUDUSD H1/ I will set a pending order in the supply area, where I expect the price to go bearish. I will look for a short trade (if I will see the confirmation) in the supply area as this is my area of interest.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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AUDUSD - Potential short ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fulfill the imbalance and then to reject from bearish order block.
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AUDUSD : Long Trade , 4hHello traders, we want to check the AUDUSD chart. The price is moving in an uptrend after breaking the descending channel. The price has pulled back to the specified support level. We expect this level to maintain the upward trend of the price and the price will grow to around 0.66200. Good luck.
AUDUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity AUDUSD
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AUD/USD SELL STOP at .6545If the price of AUD/USD declines to .6545 then it will have completed a solid M-Top pattern.
This will also be a double top at .6573 where WR1 Pivot sits.
All the signs are looking like AUD/USD BULLS left this market when the price returned to WR1 and now we should see AUD/USD BEARS take control.
Curerntly the price is trapped between the 25 EMA and the 50 EMA on H1 and we would need to see the price break the 50 EMA in order for this trade to trigger.
If the price does head south and the trade is on then we have a natural STOP above the double top and above WR1 at .6578 which would be a 33 pip SL.
Target is initially 1:1 which takes us down to .6518 but AUD/USD will need to break the 100 EMA and the 200 EMA on H1 which will not be easy.
The Pivot Point Supertrend is showing that the price is moving away from resistance and the Andean Oscillator's red SELL line is rising nicely.
A few headwinds for this pair and 19:00 see the FOMC Meeting Minutes which will move the market and either kill this trade or advance it.
Hopefully in just less than 7 hours we can get a b/e or + stop on this trade in case the news gives the USD a lift.
Can AUD/USD claim more ground above 0.6500?Can AUD/USD claim more ground above 0.6500?
AUD/USD has been making a short-term comeback from its 2024 low, crossing the 0.6500 mark due to a weaker Dollar. But is its downtrend intact still, or are we seeing the start of a sustained turnaround?
Looking at the 4-hour chart, there are potential signs of a continued negative outlook, unless we see a break of the 100-day SMA at 0.6530. If that happens, the next target to keep an eye on is the 200-day SMA at 0.6600. Resistance levels are supported by a descending trend line currently aligned with $0.6500, suggesting that resistance at this point could hold back its upside potential.
If selling pressure picks up again, AUD/USD might test 0.64797 initially before revisiting its 2024 low at 0.6452. A breach of this level could lead to the pair establishing new yearly lows and a retest of the 2023 low at 0.6270.
AUDUSD: The USD stabilized amid the Fed's speculative cutsThe US greenback remained beneathneath a three-month top on Thursday, as marketplace individuals assessed the timing of capacity hobby fee cuts with the aid of using the Federal Reserve following remarks from Fed officers on inflation statistics. currently released. The yen, even though beneathneath stress this week, did now no longer fall to a three-month low towards the greenback on Tuesday, whilst Japan`s financial system entered recession with an sudden contraction in consecutive quarters because of vulnerable home demand.
Inflation statistics from americaA shifted marketplace expectancies of a Fed fee reduce to mid-yr after the purchaser rate index confirmed a 3.1% upward push in January from a yr earlier, exceeding over the predicted 2.9% increase. Current marketplace valuations factor to no fee reduce in March, a giant alternate from a month in the past while there has been a 77% hazard of a reduce beginning there, in step with CME's FedWatch tool. The chance of hobby fees closing unchanged on the Fed's May assembly is presently at 60%.
Chicago Fed President Austan Goolsbee, talking on Wednesday, stated the Fed ought to now no longer postpone reducing hobby fees for too long, although inflation is barely better than predicted withinside the coming months. Meanwhile, Fed Vice Chairman for Supervision Michael Barr mentioned that the adventure to accomplishing a 2% inflation fee can be challenging, as evidenced with the aid of using January CPI figures.
The senior marketplace analyst from City Index cited that the Fed is taking a long-time period view in their course to 2% inflation, which lets in for a few deviation alongside the way. This sentiment is regular with remarks from Fed officers after the discharge of a better-than-predicted inflation document.
The greenback index, a gauge of the dollar towards a basket of six fundamental currencies, consolidated beneathneath a three-month excessive of 104.ninety seven hit on Wednesday, in advance of americaA retail income document for the month January. It became ultimate recorded at 104.69.
AUDUSD - Short from resistance ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fill the imbalance higher and then to reject from resistance zone for a potential short.
Fundamental news: Tomorrow we will see results of Unemployment Rate on AUD.
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DeGRAM | AUDUSD short opportunity from the reaction zoneAUDUSD is moving in the descending channel and has made lower lows.
The price is creating a potential AB=CD pattern.
Price action formed a kill zone for the short opportunity: fibo level 50% and reaction zone.
We expect a bearish move from the psychological levle at 0.65000 and the completion of the AB=CD.
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AUDUSD Expecting pumpI am long on AUDUSD from a week. I am still waiting for the pump i think it now time (finally). As i am showing you in this chart, setup is pretty clear. Accumulation, squeeze, and now that we have broke up H4 resistance, i expect a pump till 0.66 minimum (probably higher next weeks)
SELL TRADE SETUP ON AUDUSDHey Traders,
Check this analysis out on AUDUSD. The pair had been ranging for quite some time before it broke below the support, followed by an actual smooth pullback.
Provided that the price remains below the support, I will look for a nice short trade.
Keep a close tab on this one.
AUDUSD - Look for a short ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block.
Like, comment and subscribe to be in touch with my content!
AUDUSD Increasing long exposureThe long i opened yesterday on AUDUSD is going well following my ideas. I see a strong reversal pattern, so i placed another long limit order at the green zone (placed exactly at 0.6513). Stoploss is the same as yesterday, just below this local bottom, and first target is the main resistance at 0.66. If we get there, i will close one position keeping the second for higher profit
AUDUSD: USD reached its highest level in 8 weeksThe US Dollar Index rose to 104.18, its highest level since December 2023.
The US jobs report released on Friday (February 2) far exceeded market expectations. This information reinforced Fed Chairman Jerome Powell's statement at the end of the agency's policy meeting last week that an interest rate cut in March 2024 was unlikely.
Expert Chris Weston, head of research at Pepperstone, said that the optimistic US jobs report basically showed that an interest rate cut in March 2024 is very fragile.
According to CME's FedWatch tool, traders are assessing just a 20% chance that the Fed could begin easing interest rates in March 2024, compared with nearly 50% a week ago. The possibility of cutting interest rates in May 2024 is also possible.
Currency expert Carol Kong at Commonwealth Bank of Australia (CBA) said that the USD is likely to stabilize at its recent increase.
US Treasury bond yields also skyrocketed due to expectations that interest rates will increase in the long term. Benchmark 10-year yield increased 5 basis points to 4.0829%
AUDUSD I Pullback and more descend Welcome back! Let me know your thoughts in the comments!
** AUDUSD Analysis - Listen to video!
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AudUsd could drop under 0.63 againFor the past 3 years, AudUsd has been in a downtrend, with the pair dropping almost 2,000 pips from its peak in February 2021, which was around the 0.8 zone. In November 2023, the pair initiated a reversal from a support zone, and by December, it even broke above the descending trend line, reaching a horizontal resistance level at 0.69.
However, this upward breakout, initially perceived as a reversal of the downtrend, turned out to be a false break. AudUsd dropped back below the descending trend line, signaling strong bearish implications. Currently, the Australian dollar is hovering around the crucial 0.65 support level. A breach here could lead to a drop and a test of support around the 0.63 zone once again.
I maintain a bearish outlook at this moment and will continue to do so as long as the pair remains below 0.66.
AUD/USD remains trapped beneath its 200-day EMAAUD/USD fell from the late-December high to mid-January low in a fairly straight line, so it is no surprise to see prices have consolidated. However, the consolidation cannot last forever so we're looking for its next directional.
Given the Aussie has failed to rally despite 'good news' from China, perhaps a spell of bad news could send it lower. That, or a softer-than-expected inflation report on Wednesday.
The daily chart shows the Aussie has repeatedly failed to post a daily close above its 200-day EMA, and has left a series of shooting star candles along the way. Bears could consider fading into retracements towards the 200-day EMA wit a stop well above it, and target the 0.6500 - 0.6520 support zone.
AN RSI (2) above 90 could also help time a short trade as it could indicate a near-term top.