AUDUSD Bearish Momentum Towards 0.62700The AUDUSD is currently at 0.63200.
I'm looking for a 500 Bearish Run towards 0.62700.
(Direction for H4-Weekly Trades)
AUDUSD.P trade ideas
AUSSIE AT SUPPORT PRE-FOMCAussie dollar at support ahead of the fed. We're looking at the 2023 Low week close (LWC) 0.63327 backed by the 2023 Low day close (LDC) 0.63215. I'm also looking at the falling wedge into support. A break down of this level and we'll be looking for the 2023 Low 0.62701. A daily close above 0.6375 will put the Aussie back on a buy signal.
AUDUSDAt 0.63 we have a weekly strong support, just be careful for a reversal there at that area. I still believe that the US dollar is strengthening, so we might see more downside.
AUDUSDAt 0.63 we have a weekly strong support, just be careful for a reversal there at that area. I still believe that the US dollar is strengthening, so we might see more downside.
AUDUSD 3H ShortThe AUD/USD 3-hour chart shows a potential bearish continuation setup as price trades below the Kijun-sen (blue) and Tenkan-sen (red), while remaining well under the Ichimoku cloud (Kumo), indicating a strong bearish trend. The red Kumo ahead reinforces selling pressure, and price’s recent failure to hold above resistance signals further downside potential. A bearish continuation below the current support at 0.6317 could open a path towards the next key level at 0.6306, while a stop-loss above the Kijun-sen near 0.6346 helps manage risk, maintaining a favorable risk-to-reward ratio.
AUDUSD - Top-down Analysis ReviewThis is an AUDUSD top-down analysis using ICT concepts along with some of my own considerations. I demonstrate how I work my way down all the way from the 12-month timeframe to the daily timeframes. Everything is relevant, especially the bodies of the candles.
Read the chart this way and have insights you would otherwise never have.
- R2F
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.
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.
AUDUSDI think the bulls just begun.Looking patiently to see what happens overnight.
AS you can see my stop loss is really tight . Not looking for much risk as price may push down for the last time.
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.
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!
AUDUSD shortWe expect a continuation of the short on Monday into SSL after confirmation.
TP: 0.63360
SL: 0.63850
AUD/USD Bearish Momentum Towards 0.63365The Aussie is currently at 0.6400, Looking for a Bearish Run towards 0.63365.
Then at 0.63365, looking for potential reversal or continuation of the market.
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.
AUDUSD long, after bottommingLet the current drop complete (it will be a sharp drop). It isn't, though, like a catching a falling knife. Rather, it is like taking a pair at the bottom and riding the next swing up.
AUDUSD-BUY strategy Daily chart GANN SQThe pair is very oversold, and it requires corrective action. RSI very low, and also we are well GANN supported but require to overcome the resistance at 0.6430 area.
Strategy BUY current 0.6360-0.6375 and take profit near 0.6478 for now.
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.
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.
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.
AudusdThe general trend is down and there is a downtrend. The stop and stop loss are shown in the picture.
