AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS- DXY is currently at 101.901 LEVEL. Also the AUD FEATURE stays at 0.7184 LEVEL. The AUDUSD PRICE is rising above the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be slightly higher than the DYNAMIC LEVELS. Then you can BREAK TREND LINES and DOWN.
- STOCKS are currently DOWN. And VIX is becoming DOWN. Also COMMODITIES OVERALL DOWN. Also BONDS PRICES are becoming NEUTRAL. Also BONDS SPREADS are DOWN. Currently the MARKET RISK ON status has been weighed down. So definitely create a UP TREND for AUD CAD NZD and a DOWN TREND for JPY CHF USD.
- Technically the AUDUSD PRICE can be quite a PULL BACK today. But AUDUSD may continue to rise in price. There is a very important TREND LINE RESISTANCE above.
- AUDUSD PRICE can be UP to 0.7329 LEVEL before DOWN. Then it can be sold till 0.6673 LEVEL. This is due to the continued strengthening of the American data against the dollar and the collapse of STOCKS and COMMODITIES. RISK OFF SENTIMENT can be DOWN again according to the MARKET SENTIMENT.
Audusdsignals
AUDUSD Despite the rebound still bearish unless this level breakThe AUDUSD pair has been trading within a long-term Channel Down since the February 25 2021 High. The recent rebound is fueled by the direct hit on the Channel's Lower Lows (bottom) trend-line and the gap that filled from June 2020. So far the pattern resembles the Channel Down of 2018/19. Both had a fake break above the 1D MA200 (orange trend-line), which eventually rejected the price.
The current RSI sequence is similar to that of the last rebound in early March 2020, which after failing to break above the 0.5 Fibonacci level, it resulted into a massive collapse, which of course was attributed almost entirely to the COVID outbreak.
Unless a similar event takes place, we can expect a smoother price action this time but still, a break below the Channel should aim at the next Gap Fill around the 0.6400 level. It would be safer to buy only if the price breaks above the 1D MA200 again.
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AUDUSD | New perspective | Follow-up detailsThis is a follow-up detail on the publication shared during the weekend (see link below for reference purposes), where we already have a counter-trend opportunity running with over 160pips (2 positions) in our favour. With the current consolidation pattern projecting a triple top look-a-like structure since yesterday morning, I am anticipating the confirmation of a reversal pattern in the form of a breakdown of structure to signal a bearish momentum right below the key level identified at $0.7000 ( a very strong psychological level).
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS⛔️ DXY is currently at 104.51 LEVEL. Also the AUD FEATURE stays at 0.6869 LEVEL. The AUDUSD PRICE is going down from DYNAMIC S / R LEVELS. Therefore, the PRICE can be slightly UP to DYNAMIC LEVELS. Then you can BREAK TREND LINES and continue up.
⛔️ STOCKS are currently DOWN. And VIX is becoming UP. Also COMMODITIES OVERALL DOWN. Also BONDS PRICES are going down. Also BONDS SPREADS are becoming UP. By now the MARKET RISK is OFF. So definitely create a DOWN TREND for AUD CAD NZD and a UP TREND for JPY CHF USD.
⛔️ Technically the AUDUSD PRICE can be quite a PULL BACK today. But AUDUSD may continue to rise in price. There is a very important TREND LINE RESISTANCE above.
⛔️ AUDUSD PRICE can be UP to 0.7022 LEVEL before DOWN. Then it can be sold till 0.6673 LEVEL. This is due to the continued strengthening of the American data against the dollar and the collapse of STOCKS and COMMODITIES. RISK OFF SENTIMENT can be DOWN again according to the MARKET SENTIMENT.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS- There is no important news for AUD today and the Australian dollar is following the market sentiment today. Also in US dollars today at the New York Session are the DATA Flash Manufacturing PMI and Flash Service PMI.
- DXY is currently at 100.97 LEVEL. Also the AUD FEATURE stays at 0.7314 LEVEL. The AUDUSD PRICE is going down from DYNAMIC S / R LEVELS. Therefore, the PRICE can be slightly UP to DYNAMIC LEVELS.
- Currently STOCKS are getting somewhat DOWN. And VIX is getting a bit UP. Also COMMODITIES OVERALL DOWN. It's something special. Also BONDS PRICES are a bit GREEN. Also BONDS SPREADS are DOWN. There is currently no CLEAR DIRECTION in the MARKET. Maybe today's Friday because it's MARKETS CORRECTION. Currently the market has a NEUTRAL BIAS.
- Technically the AUDUSD PRICE can be quite a PULL BACK today. But AUDUSD may continue to rise in price. There is a very important TREND LINE RESISTANCE above.
- The AUDUSD PRICE can drop to 0.7402 LEVEL before DOWN. Then it can be DOWN till 0.7171 LEVEL. The reason for this is that American data continues to be very, very strongly reported. But according to the MARKET SENTIMENT it can be DOWN again because of the RISK OFF SENTIMENT.
AUDUSD | New perspective | Follow-up detailsBullish momentum appears to build up in the background as structure reveals a confluence of bullish trendline and key level around $0.74250 where we shall be looking forward to taking advantage of this bullish momentum right above this key level.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDUSD | New perspectiveWith a key level identified at 0.74250 on the 4H timeframe; this level could be a yardstick that will guide us into the expected bullish momentum we are looking forward to if it finally happens. In this video, I have explained my doubts and expectation as price action is been monitored going forward.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDUSD close to breaking bullish long-termThe AUDUSD pair has turned bullish on the medium-term since it broke (firstly) above the dashed Lower Highs trend-line (similar to the September-October 2020 fractal) and (secondly) above the 1D MA200 (orange trend-line), which has been intact since July 06 2021.
The 1D MA50 (blue trend-line) is supporting and right now the pair is attempting the most important test on the long-term, the Lower Highs trend-line of the Channel Down, which is the dominant (bearish) trend since the start of 2021. If broken, expect a Resistance 1 test (0.75570) initially, as long as the Higher Lows trend-line and the 1D MA50 are supporting. A 1D candle closing above the Resistance 1, can initiate a 0.78235 test, which is the Symmetrical Resistance of the September-October 2020 fractal.
On the other hand, a 1D candle closing beow the Higher Lows trend-line, is a sell signal towards the 0.70000 Support.
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AUDUSD | Perspective for the new weekThis will be my first long term perspective on this pair as I have waited a whole 2 months to identify a double bottom structure within a strong demand zone that has held price "supported" since July 2020! The strong memory for buying tendency at $0.7000 is a clue for an opportunity to buy the Aussie in the coming week(s). The Aussie advanced for a third consecutive week and is currently trading at around the $0.717 area - my key level, as lack of demand for the USD looms despite the dismal ruling mood.
Tendency: Uptrend (Bullish)
Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom)
Observation: i. From the weekly perspective, it is obvious that the Aussie has been on a decline (12.63% drop) since February last year.
ii. And the price is back to the $0.7 area two consecutive times (December 2021 and January 2022) resulting in the appearance of a double bottom structure in a zone that has a strong memory for buying power.
iii. The double bottom pattern is a technical analysis charting pattern that describes a potential change in trend and a momentum reversal from prior leading price action which has lasted for a whole year.
iv. Even as we await a confirmation which will happen if the price break above the resistance level which is the neckline at $0.72750; Above the key level at $0.71700 remains a comfortable area to take advantage of the bullish bias identified with an opportunity to add to our exiting position at a breakout/retest of the bearish trendline.
CAUTION: Considering the long term bearish momentum on this chart, it is advisable that we remain conscious with our positions as any break below the demand zone at $0.7 will negate the bullish narrative... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 350 pips.
Risk/Reward : 1:4
Potential Duration: 15 to 25days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDUSD The 1D MA200 is the pivot levelAUDUSD has been trading within a Channel Down since the February 25 2021 High. The price has been rallying since the December 06 low and it trading above the 1D MA50 (blue trend-line) and towards the 1D MA200 (orange trend-line). The latter is the key technically, as it is a pivot point between the long-term bullish and long-term bearish trend.
A rejection there would also make a perfect Lower High on the Channel Down and should translate into a new round of long-term selling towards the 0.7000 Support and possibly lower to form a Lower Low on the Channel Down. On the other hand, if a 1D candle breaks and closes above the 1D MA200, that would be the first time since June 28 to do so, and should be considered a bullish break-out signal towards the 0.78235 Symmetrical Resistance.
The reason behind using those symmetrical levels is because the pattern since the October 28 Lower High resembles the formation of September - October 2020, when a break above the (dashed) Lower Highs trend-line, initiated a strong rally.
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AUDUSD |Still in Uptrend. Go long!When it comes to AUDUSD , right now price is staying near a demand zone and we already seen some rejections from that particular area, which clearly shows the signs of demand. From there we could expect a nice bounce off and good impulse to the upside. On the way to the upside, we should expect a resistance from T1, which was a previous resistance area. From there you may book the partial profit or close the position.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AUDUSD | Buy Opportunity. Get ready to get in!If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AUDUSD , I think we are going to see an upward movement. If you are going to go short now, make sure to place the stop below the previous support area .
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AUD/USD WILL PUSH DOWNAUD / USD (Australian Dollar vs US Dollar) Aussie dollar will make a new high around 50% area or 61% are which is shown on a chart and after that, we will finish (B) wave there and we will come down for making new low as a (C) wave.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
AUDUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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 ready to test the bottom of the channelThe aussie dollar pair dropped farther this week and it's ready for another drop down to test the bottom of the channel. If the channel fails to hold, we think that we can see farther down side. The coming week should be rather choppy as the market finds direction.
BEAR CASE
One more drop down to test the bottom of the channel at 0.725 is needed before consolidation to find next big move. This move can be either to the downside or upside.
BULL CASE
From here, the correction upwards may be stronger before the dump comes, 0.73711 is good for a short if this scenario plays out.