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AUD/USD Mini

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AUDUSD.1.MINI trade ideas

AUDUSD InsightHello, subscribers! It's great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - U.S. retail sales for November, reported by the Department of Commerce, increased by 0.7%, surpassing market expectations. - Strong retail sales indicate that the momentum of the U.S. economy is strengthening. While a rate hold is widely expected at the December FOMC meeting, the prevailing view is that rates will also remain on hold in January. - With the Japanese yen weakening further against the dollar, some suggest that Japanese authorities might intervene in the currency markets. I- n the U.K., wages rose by 5.2% year-over-year from August to October, exceeding expectations and driving the pound higher. - In Canada, the November Consumer Price Index (CPI) rose by 1.9%, falling short of the market estimate of 2.0%, which weakened the Canadian dollar. Key Economic Indicators + December 18: U.K. November CPI, Eurozone November CPI, FOMC meeting results + December 19: Bank of Japan rate decision, Bank of England rate decision + December 20: U.S. November Personal Consumption Expenditures (PCE) Price Index AUD/USD Chart Analysis The AUD/USD pair has finally broken below the 0.63500 level. Based on the current chart, further declines toward the 0.62000 level seem likely. However, the direction could shift upward depending on the stance the Federal Reserve takes during this week’s FOMC meeting. If unexpected factors lead to an upward move, I’ll quickly revise the strategy accordingly.
Short
by shawntime_academy
Precision Trade Setup on AUD/USD with a Bullish Gartley PatternThe AUD/USD is setting up for a potential reversal near a key harmonic "Gartley" formation. This advanced technical structure, combined with critical confluences, highlights an area of high-probability trade opportunities. Strategy: Buy at the Reversal Point (D) Rationale: The harmonic Gartley pattern suggests a potential trend reversal near 0.628, aligning with a long-term trendline and a horizontal support zone (highlighted in purple). RSI indicates oversold conditions, and the TDI shows bullish divergence, reinforcing the case for a recovery. A significant risk-reward ratio makes this trade an attractive opportunity. Trade Parameters: Entry Zone: 0.628 Stop Loss: 0.657 Take Profit: 0.6457 Risk-Reward Ratio: 1:3+ While the technical setup is compelling, it is crucial to remain vigilant about price action in lower timeframes. Always confirm price action before entering a position.
Long
by MrVNpt
1
AUDUSD - Simplified20SMA - Blue 200SMA - Pink Key Confluence Areas - Grey Lines Market Structure Support/Resistance - Green/Red Dashed Lines Dear Friends: (Away from charts) It will be prudent to give your mind, body and soul a good rest, to recharge for the new upcoming exciting year! How I see it: Pair remains severely bearish. Any TP can serve as a strong enough support for a reversal Firstly, a series of quality HL's is required A 1D break, and body close above confluence could be a good bull signal Keynote! The RBA will have to intervene in some shape or form against the new $ strength. I deeply appreciate you taking the time to study my analysis and point of view.
Short
by ANROC
AUDUSD Is Bullish! Buy! Here is our detailed technical review for AUDUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.633. Considering the today's price action, probabilities will be high to see a movement to 0.637. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
Update levels AUDUSD 11.12.24I had to modify this analysis a little because I interpreted the closing triangle here which was wrong, plus I added some levels here and overall I think the market will go a little lower around the price of 0.62700, we could finally create an SFP from this zone, we could move somewhere for the price, easily around the level of 0.67, which is also the point where there is poc level suppor and the fibo level of 0.618, but for now it's still just a matter of waiting.
Long
by Sony97
16
AUDUSD POSSIBLE BUYBased on DAILY and 4HR TF, the market seems to be forming a possible reversal pattern. We could see BUYERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Long
by WiLLProsperForex
3
AUDUSD Wave Analysis 16 December 2024 - AUDUSD reversed from support zone - Likely to rise to resistance level 0.6400 AUDUSD currency pair recently reversed up from the support area set between the strong support level 0.6350 (which has been reversing the price from 2023, lower border of the weekly sideways price range) and the lower weekly Bollinger Band. The upward reversal from the support zone stopped the previous impulse waves 3 and (3). Given the oversold weekly Stochastic and the strength of the support level 0.6350, AUDUSD currency pair can be expected to rise further to the next resistance level 0.6400.
Long
by FxProGlobal
CHART BREAKDOWN AUDUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 0.64170 to 0.64210, respectively, is highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 0.64170 and 0.64210 serving as a low-risk sell. Bearish Targets📉: 0.63980 : Possible retracement area. 0.63850 : Possible retracement area. 0.63800 : Possible retracement area. 0.63600: Possible retracement area. 0.63650 : Significant supply zone. 0.63500 : Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
Short
by T4X_Trading
AUD/USD Testing Key Support ZoneChart Analysis: The Australian Dollar is testing a critical support area as it hovers near 0.6375 and 0.6285 (pink horizontal lines), levels that have held firm multiple times over the past year. 1️⃣ Support Retest: The price has approached this zone, which acted as support in November 2023 and March 2024. Traders often watch such levels for potential rebounds or breakdowns. 2️⃣ Moving Averages: 50-day SMA (blue): Trending downward, reflecting short-term bearish momentum. 200-day SMA (red): Flat-to-downward slope, signaling a weakening long-term trend. The price remains firmly below both SMAs, reinforcing bearish sentiment. 3️⃣ Momentum Indicators: RSI: Hovering near 36, indicating weak momentum but not yet oversold. Traders might monitor for any divergence signals. MACD: Bearish momentum persists with the signal line below zero and no clear crossover in sight. What to Watch: If the price decisively breaks below 0.6285, it could open the door for further downside. On the flip side, a rebound from this support zone might see a test of the 50-day SMA near 0.6550. Monitor RSI for any bullish divergence and price action around these key levels. The AUD/USD remains under pressure, with a critical support test underway. Traders may find clarity as price action unfolds near this zone. -MW
by FOREXcom
Is this a bottom for AUDUSD?It's been a fantastic move lower, but is 0.6400 a spot for a reversal? Nothing fundamental is serving as a catalyst for moving the pair in any direction for the rest of the year. Trend: LSMA moving lower since 10/21/24 Momentum: Bearish Japanese Candles: Inverted Hammer (imperfect) printed last week. Is this the bottom? Chart Pattern: None Support and Resistance: 0.6400 is Support, 0.6750 is a Bullish Target, 0.6200 is a Bearish Target Fundamentals: No news this week or next Trade: None Stop: None
by positionforex
1
AUDUSD BUY | Idea Trading AnalysisAUDUSD is moving in an UP trend channel. The chart broke through the dynamic Resistance line, which now acts as support. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
1