AUDUSD - Bearish Double TOPHello Traders !
The AUDUSD price formed a double top pattern.
Currently, The neckline is broken !
So, I expect a bearish move📉
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TARGET: 0.66670🎯
AUDUSD trade ideas
AUDUSD SHORTI think the AUDSUSD is going to do to the down side as well based on the same bar and trend analysis. I might be wrong but this is the feeling at get from the sentiment with this analysis.
Image below is of the daily chart
Image below is of the 5hr chart
The indicator im using has both heikin ashi smoothing a regular bar analysis.
AUD/USD continues the downtrendOn AUD/USD , it's nice to see a strong sell-off from the price of 0.67130 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
GAP and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
AUDUSD: Bearish Outlook For Today 🇦🇺🇺🇸
I see a nice bearish pattern after a retest of a recently broken support.
The price formed a head & shoulders pattern and violated its neckline.
The price will continue falling now.
Next goal - 0.6666
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Market Analysis: AUD/USD Could Recover In Short-TermMarket Analysis: AUD/USD Could Recover In Short-Term
AUD/USD is attempting a recovery wave from 0.6660.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar found support near 0.6660 and is now recovering against the US Dollar.
- There was a break above a key bearish trend line with resistance at 0.6690 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD at FXOpen, the pair dipped from the 0.6760 resistance zone. The Aussie Dollar declined below 0.6700, but the bulls were active near 0.6660 against the US Dollar.
A low was formed near 0.6658 and the pair is now correcting losses. There was a move above the 50% Fib retracement level of the downward move from the 0.6759 swing high to the 0.6658 low. There was also a break above a key bearish trend line with resistance at 0.6690.
The pair is now above 0.6700 and the 50-hour simple moving average. On the upside, immediate resistance is near the 61.8% Fib retracement level of the downward move from the 0.6759 swing high to the 0.6658 low at 0.6720.
The first major resistance is near a rising channel at 0.6735. A clear upside break above 0.6735 could send the pair toward 0.6760. The next major resistance on the AUD/USD chart is near 0.6780, above which the price could rise toward 0.6800. Any more gains might send the pair toward 0.6820.
On the downside, initial support is near 0.6705 or the 50-hour simple moving average. The next support could be the 0.6680 zone. Any more losses might send the pair toward the 0.6660 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
audusd bearishaudusd had recently broken the rising trend channel and is now retesting it. These levels may now be the time to open short positions.
Aussie H1 | Pullback resistance at 38.2% Fibonacci retracementThe Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6697 which is a pullback resistance that aligns with a confluence of Fibonacci levels i.e. two 38.2% Fibonacci retracement levels.
Stop loss is at 0.6735 which is a level that sits above the 61.8% Fibonacci retracement level and a multi-swing-high resistance.
Take profit is at 0.6657 which is a swing-low support.
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AUDUSD broke bearish trendline! Let’s go bullish!AUDUSD moves upward after breaking its bearish trendline! While not making new low, AUDUSD will potentially move upwards and continue its primary bullish trend!
Good luck!
Buy AUDUSD 0.67
SL 0.664
TP 0.70
Overlap resistance ahead?The Aussie (AUD/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support level.
Pivot: 0.6744
1st Support: 0.6674
1st Resistance: 0.6792
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AUDUSD potential head and shoulder We've rejected from the potential neckline of the pattern with the 200 ema acting as
magnetic support. The only thing I don't like about this trade is we haven't candle closed
as close to the support as I would like
AUDUSDBullish Trend
bullish divergence
matured divergence
new highs formation on 1h TF
instant buy recommended
AUDUSD - Wait For Price To Come 2 You.20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Resistance & Support - Dashed Green & Red Lines
Your interest motivates me.
How I see it:
It seems as if price might not even correct as high up as I wished previously.
Pair under serious selling pressure.
Possible areas to short from indicated.
Wait patiently for price to come to you.
Price will form an order block to clearly indicate a ceiling to short from.
Thank you for your time reading, boosting or following my analysis.
I deeply appreciate it.
AUDUSD BEARISH MOVEAUDUSD seems to play a implosive move .The price now about at retracement level if it continue we can expect to fall 52500.
AUDUSD Potential DownsidesHey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.67400 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.67400 support and resistance area.
Trade safe, Joe.
AUDNZD (H1)The Australian dollar regained its positive upward strength against the US dollar. Accordingly, we are looking to buy from levels of 0.6883 with an hourly closing stop below levels of 0.6656 and with targets of levels of 0.6767 as the first target and level of 0.68016.
FX:AUDUSD
AUDUSD After finding support in a major zone AUDUSD appears to be trying to re-test before a bullish rise to the last major zone above...
AUDUSD: Important Structure Breakout 🇦🇺🇺🇸
AUDUSD may start falling next week
after a retest of a recently broken daily horizontal support
that turned into a resistance now.
Next support - 0.665
❤️Please, support my work with like, thank you!❤️
REVERSAL AUDUSDAUDUSD has now started a reversal to the upside making higher highs and higher lows, price is currently consolidating on previous level of resistance that has now become support with some signs of rejection around this area. Push to the upside continues to feel optimistic. Price could keep pushing up although could be affected by some US data coming out next week
AUDUSD - Bearish SentimentAUDUSD has been moving nicely to the bottom as anticipated. We have taken some profits.
AUDUSD Back to Its Bullish Trend? AUDUSD has exhibited a strong bullish trend since finding support at 0.635. After hunting a major liquidity zone around 0.69, the price experienced a bearish correction. However, from a higher timeframe perspective, the trend remains bullish. This suggests that reactions to demand zones might be more pronounced compared to supply zones.
Recently, AUDUSD displayed a strong reaction to a key support level on its higher timeframes, even with a countervailing trend in the DXY (US Dollar Index). This reinforces the significance of this support level.
Considering the strength of the higher timeframe trend, opening buy positions within lower timeframe supply zones presents a potentially attractive opportunity, especially for traders seeking high risk reward (R:R) setups (However, this approach differs from my own trading strategy)
Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
AUDUSD LONGThis morning we ahve what can be seen as an ascending triangle. All we need to do is wait for the breakout in either direction. Typically the first breakout is a fake out and ive personally found that AUD pairs dont like to enter in on the breakout itself but rather enter at whatever area price is "cheapest" for that specific breakout direction. Currently, we are in what could be considered the cheap entry point for an upside breakout.If we broke above as a liquidity sweep, that would then become the cheap entry point to target the sell side. Personally i believe we will target the next daily targets this morning first.
AUDUSD - bearish wedgeThe phycological level 0.67100 is a holding resistance with confluence from the bearish wedge forming up to this level. This is a pullback. I am expecting the overall downtrend to continue after the breakout of the bearish wedge.
