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Australiandollar

AUDUSD will fall by Head and Shoulders Pattern❗️❗️❗️AUDUSD managed to form a Head and Shoulders Pattern, and since the slope of the neckline is negative, it is more likely that the pattern is valid. Also, two moving averages, 50-EMA and 50-SMA, created a ⬇️SELL⬇️ signal. I expect AUDUSD to fall to the pattern target and 🟢heavy support zone($0.593-$0.55)🟢 after breaking the neckline and 🟢support zone($0.659-$0.652)🟢. 🔅Australian Dollar/U.S.Dollar Analyze ( AUDUSD ) Daily time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
2
AUD USD / AUD NZD - FUNDAMENTAL DRIVERSForeign exchange analysts at BNP Paribas suggest a bullish outlook for the AUD/USD and AUD/NZD exchange rates, citing global market stabilisation, the divergence between the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ), housing market vulnerabilities, and seasonal performance in risky assets. Global Markets Stabilizing and Impact on Exchange Rates FX strategists at the French international banking group highlight that global markets have stabilised following financial stress in the financial sector. This stabilisation is expected to lead to a broad weakening of the USD and a recovery in equity-sensitive currencies trading near recent lows, such as the Australian Dollar to US Dollar exchange rate. "Over the coming weeks, we see scope for equity-sensitive currencies trading near recent lows, such as AUDUSD, to recover in line with a broad weakening of the USD." Global Risk Premium Index and Seasonal Performance Saimbi points out that the BNP Paribas global risk premium index is at high levels, suggesting investor appetite is excessively low and therefore that risk-reward is attractive to add risk-on positions. Additionally, BNP Paribas's seasonality analysis shows that in early April, risky assets tend to perform well, which may have a positive impact on the AUD/USD exchange rate. "BNP Paribas’s seasonality analysis finds that in early April, risky assets tend to perform well." Momentum to Sell USD Saimbi indicates that recent data have led the market to further price out Fed tightening, and the USD's reaction to downside surprises has been marked. As a result, there is an appetite to build USD shorts, which may lead to a fast rally in the AUD/USD exchange rate. "We believe this suggests the market could have a good appetite to build USD shorts here." RBA and RBNZ Divergence The divergence between the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) in terms of policy rates is a fast-growing theme in the FX markets. The RBA has kept policy rates unchanged at its last meeting, and Governor Lowe has suggested that rate increases are not over. In contrast, the RBNZ has been more hawkish, with markets pricing in a large degree of divergence between the two central banks. "This means the market’s pricing for such a large degree of RBA divergence from the RBNZ may not be realised, especially considering its inflation projections are remarkably similar." Housing Market Vulnerabilities According to the analyst, the divergence between the RBA and RBNZ is even more unjustified when considering risks to Australia's economy from the housing market. Australia still has relatively large excess savings buffers accumulated during the pandemic, and debt service ratios may have only risen to pre-pandemic average levels. "We find a smaller proportion of lower earners in Australia than elsewhere." Australian Dollar Exchange Rate Forecasts Saimbi suggests that with markets pricing in only about a 20% chance of a further 25bp hike from the RBA at the moment, risks appear more asymmetrically skewed to the upside. In contrast, the more hawkish RBNZ meeting (5 April) presented an opportunity to sell NZD. The analyst recommends going long on the Australian Dollar to US Dollar exchange rate (AUD/USD) and the Australian Dollar to New Zealand Dollar exchange rate(AUD/NZD). This implies a bullish outlook for the AUD against the USD and NZD currencies. "We think the pullback in AUDNZD presents an opportunity to buy the cross, given that we think the divergence currently priced in between the RBNZ and RBA is not likely to prove sustainable, especially as we judge New Zealand’s housing market to be more vulnerable than Australia’s."
by thunderpips
AUDNZD: Rejected on the long term Pivot. Bearish.The AUDNZD pair is technically bearish on the 1D timeframe (RSI = 42.033, MACD = -0.005, ADX = 29.502), trading under the P1 Zone, which has been in place since 2021. It is under both the 1D MA50 and 1D MA200 and it targeting the HL trendline (TP = 1.05300). If the dashed LH trendline breaks, we will buy aiming at R1 (TP = 1.10800). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
4
AUDCAD: Selling is the best option on this Channel Down.AUDCAD is trading inside a Channel Down pattern with the 1D technicals bearish (RSI = 43.171, MACD = -0.004, ADX = 38.042). Even though the long term pattern is bearish, the rebound yesterday and closing over the 1D MA200 can be a bullish signal along with the HL that the RSI is on (bullish divergence). However until the 1D MA50 breaks, we cannot call for any upward movement on the long term. We remain sellers on this pair, targeting S2 (TP = 0.89500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
AUDCADGood Night :) AUDCAD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Long
by HamidRamezani1992
AUDUSD: Bearish signal below 0.6680AUDUSD pair successfully broke below the wedge pattern as I mentioned in the previous analysis. However, it seems that more liquidity is needed to support the downward movement. It's likely that the price will undergo a corrective movement towards the level of 0.6680, which is a very important level where the broken trendline, Fibonacci level 23.60, and the moving averages 50 and 100 on the 4-hour timeframe converge. Additionally, the point of control (POC) is also located at that level, as shown on the volume profile indicator. Any sign of reversal from this level will be considered a bearish signal towards 0.65970. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
1
AUDCAD on a Head & Shoulders pattern. Trade the break-outs.The AUDCAD pair is about to complete a Head and Shoulders (H&S) pattern, trading within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The 1W RSI is far from its Buy or Sell Zone (long-term) so on the more medium-term the best approach is to trade the break-outs. The neckline of the H&S is at 0.933250 so a candle close above it invalidates the bearish bias of the pattern (H&S is a bearish reversal formation). In that case, we will target 0.95500 (Resistance 1) and a new closing above it will target 0.97500 (April 20 2021 High). Until the pattern is invalidated, look for a confirmed bearish break-out below 0.90450 (Support 1) and more importantly the 1D MA200 (orange trend-line). In that case the target will be 0.88700 (Previous Low). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
MarketBreakdown | WTI Oil, EURUSD, GBPNZD, EURAUD Here are the updates & outlook for multiple instruments in my watchlist. 1️⃣ WTI Crude Oil daily time frame🛢️ The market is trading in a long term bearish trend. After the last sharp bearish movement, the market is steadily recovering. Ahead, I see a major horizontal supply area. Probabilities are high, that the next bearish wave will initiate from there. 2️⃣ EURUSD daily time frame 🇪🇺🇺🇸 After a breakout of a solid daily resistance, the market is preparing for its retest. Watch carefully the underlined zone and look for buying opportunities from there. 3️⃣ EURAUD weekly time frame 🇪🇺🇦🇺 The pair is currently approaching a weekly horizontal resistance cluster. Taking into consideration, that the pair is quite overbought, probabilities will be high to see a pullback from that 4️⃣ GBPNZD daily time frame 🇬🇧🇳🇿 The pair is currently retesting a broken neckline of an ascending triangle. As we discussed earlier, the trend line of a triangle and its neckline compose a contracting buy zone now. Chances will be high that the next bullish wave will initiate quite soon. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
TVC:USOILShort
by VasilyTrader
6
AUDUSD Long TermAUD Weakness will be Over in Near Future. Bullish Momentum will resume near 0.65000-0.66000 Area. Wait for Price Action to Confirm Bulls Entry in Order Block Zone. Forex is only Suitable for those People Who Understand, and are Willing to Take on, the Financial and other Risks involved. Please Ensure You fully Understand the Risks and Carefully Consider your Financial Situation and Trading Experience Before Trading. The Analysis may Subject to Change at any Time without Notice and is Provided for the Sole Purpose of Assisting Traders To Make Independent Investment Decisions. Patience | Discipline | Trade Management
Long
by Aivexo
AUDJPY Testing the 2-year Higher Lows Zone.The AUDJPY pair hit last week the 1W MA100 (red trend-line) for the first time since November 04 2020, while entering the Higher Lows (dotted) Zone that started around the same time. As you understand this is a critical Support cluster, considering that Support 1 (87.100) is also holding. If broken, we will sell aiming at the top of the 2021 Support Zone at 80.500. As long as it holds, we are bullish targeting the 1D MA200 (orange trend-line) at 92.000. Keep in mind that it was the 1D MA200 which made an exact double rejection on a potential bullish break-out on February 14 and 21. A 1D candle close above it will be a buy break-out signal for us, targeting 98.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
AUDJPY: Reversal pattern on 4-hour chartOn the daily chart, the AUD/JPY pair is in a strong support area, where the yearly trendline intersects with the monthly uptrend line and a monthly zone, in addition to a bearish weekly trendline, Fibonacci 61.8%, and the 100-week moving average. This indicates a high likelihood of strong price support at the level of 87.6. However, on the 4-hour timeframe, there are three consecutive bottoms and divergence on momentum indicators, which is a strong reversal pattern. The price needs to break through three obstacles, including a local downtrend line, a resistance level of 89.5, and the 50-period moving average on the 4-hour timeframe, before it can rise. Once these obstacles are overcome and the price stabilizes above 89.55, there will be a strong and rapid selling signal towards 91.5 as the first target and 92.8 as the second target. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Long
by Candlestick_OB