audusd 1haudusd 1h supply outside the range . clean drop base trade with nice impulse away and fair value below
AUDUSD trade ideas
Australian dollar falls as core CPI dips lowerThe Australian dollar is lower for a second straight trading day. In the North American session, AUD/USD is trading at 0.6214, down 0.27% at the time of writing. The Australian dollar dropped as low as 0.60% but has pared much of those losses.
Australia's inflation report was a mixed bag in November. Headline inflation rose 2.3% y/y, up from 2.1% in the previous two months and above the market estimate of 2.2%. This marked the highest level since August and was partially driven by a lower electricity rebate for most households.
At the same time, the trimmed mean inflation, the Reserve Bank of Australia's preferred core inflation gauge, fell from 3.5% to 3.2% in November. This reading is close to the upper limit of the RBA's target band of 2%-3% and supports the case for the RBA to join the other major central banks in lowering rates.
The RBA has maintained the cash rate at 4.35% at nine consecutive meetings but is this prolonged pause about to end? In the aftermath of today's inflation report, the money markets have priced in a quarter-point hike in February at over 70%. Australia releases the quarterly inflation report for the fourth quarter on Jan. 29 and if inflation is lower than expected, expectations of a rate cut will likely increase.
The US economy has been solid and this week's services and employment indicators headed higher. The ISM Services PMI rose to 54.1 in December, up from 52.1 and above the market estimate of 53.3. JOLT Job Openings jumped to 8.09 million in November and 7.8 million in October. The market is looking ahead to Friday's nonfarm payrolls, which is expected to drop to 154 thousand, compared to 227 thousand in November.
AUD/USD tested support at 0.6214 earlier. Below, there is support at 0.6182
0.6250 and 0.6282 are the next resistance lines
AUSUSD BULLISH BATBAT PATTERN
The Harmonic Pattern SHOULD NOT be used in isolation.
Combine it with 2 or 3 other confirmations to have an extra edge.
(Moving average cross, Bollinger bands, RSI, stoch ... Basically any other indicator/system you're very familiar with).
- Use Proper Risk Management on each trade.
- DO NOT expose more than 3% of your capital on each trade.
All measurements in place
AUDUSD - LongAUDUSD Analysis - LONG 👆
In this Chart AUDUSD D1 Timeframe: By Nii_Billions.
❤️This Chart is for AUDUSD market analysis.
❤️Entry, SL, and Target is based off our Strategy.
This chart analysis uses multiple timeframes to analyze the market and to help see the bigger picture on the charts.
The strategy uses technical and fundamental factors, and market sentiment to predict a BULLISH trend in AUDUSD, with well-defined entry, stop loss, and take profit levels for risk management.
🟢This idea is purely for educational purposes.🟢
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AUD USD Swing High Using basic swing market structure, expecting a bullish trend to indicated angles.
AUD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/USD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.625 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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AUDUSD expected to fall againOn the daily chart, AUDUSD is running below the downward trend line, and the bearish trend is dominant. The intraday market formed an inside bar break, and it is expected to continue to fall in the short term. At present, we can pay attention to the support near 0.618. If it falls below, it will go to around 0.610. The effective resistance above is around 0.630.
AUDUSD SELL ANALYSIS DOUBLE TOP PATTERN Here on Audusd price has form a double top pattern and now try to fall in other to complete the support area so trader should go for short and expect profit target of 0.61828 . Use money management
uptrendIt is expected that the trend will change in the current support range and we will see the start of the upward trend.
To continue the upward trend, the resistance range needs to be broken
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:
- The U.S. December Services PMI came in at 54.1, exceeding both the previous month’s figure and market expectations.
- The U.S. November JOLTS report showed 8.1 million job openings, surpassing the previous figure of 7.84 million and the forecast of 7.73 million.
- Strong U.S. employment data and robust service sector indicators are interpreted as supporting the Federal Reserve’s decision to halt monetary easing. Markets expect no further rate cuts until at least March.
- Japan's Finance Minister Katsunobu Kato stated that the recent forex market has shown unilateral and rapid movements, and appropriate measures will be taken to address excessive volatility.
This Week's Major Economic Events:
+ January 8: U.S. December ADP Nonfarm Employment Change
+ January 9: Federal Open Market Committee (FOMC) Meeting Minutes
+ January 10: U.S. December Nonfarm Payrolls and Unemployment Rate
AUD/USD Chart Analysis:
After confirming a bottom near the 0.62000 level, the pair rebounded and climbed to the 0.63000 level but failed to break through. While there’s still a possibility of a rise toward the 0.63500 level, a break below the 0.62000 level would fully shift the trend to a bearish outlook, potentially targeting the 0.60000 level. Therefore, it’s crucial to monitor whether the 0.62000 level holds as support or is broken during this move.
AUDUSD SHORTbased on the technicals of the 4h and 1h, I would expect this to approach the 0.63000 level once more before falling(asian session). At london open I will be looking for rejection of this level and will begin taking short positions when possible.
AUDUSD Scenario 1.1.2025The trade is still going according to plan, I'm just not sure if we have the SFP confirmed or not, after the SFP is set below the low, we can consider a long position, I'm still out of the market for now.
AUDUSD FORECASTTraders! This is another opportunity that comes ahead. When I look higher timeframe especially 4H, It gives me strong reason as to why I can look this pair with a close eye. I think we have to to be patient to see how and where price will allow us to get into it.
Bearish Pennant on AUD/USD @ D1A bearish pennant similar to the one we currently see on the NZD/USD chart has also formed on the D1 chart of the AUD/USD pair. As is the case with bearish pennants, it can be used for a bearish breakout setup. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.62747), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.60961), it is placed at the pole's length below the stop-loss. I will wait for a significant close below the pennant's border to consider trading this breakout.
AUD/USD will go upThe price has breakout the short term down trend line and stand up on the group of MAs. Guppy EMAs are processing gold cross now. MACD divergency displayed in 4 hours timeframe. It is moving up to the long term down trend channel top line area, there would be possibility to break up the down trend channel and move to North.
There would be some sideway shocking in following time, so, we could entry long in multiple positions. If the direction going wrong (continue south), it still has chance to safely close the long trades.
AUD/USD 1HR Mark UP at 1:00PM 01/06/2025Tail Right on chart:
Trend line going towards upper side
Support and Resistance
Rectangle around volatile prices
Fibonacci in Rising Direction
EMA Applied
Looking to retest, then break out towards Resistance
uptrendIt is expected that a trend change will take place in the current support area and we will see the beginning of an upward trend
How To Up Your Success Rate On FX Swing LongsAUDUSD has fallen to key lows on long term sentiment drag.
Antipodeans not preferred as USD inflows come into play.
Here's a few key lessons on catching swing entries.
AUDUSD TRADE IDEA: BUY | LONG (06/01/25)Price has created its range - I expect it to either sweep upwards or simply re enter for a buy.
RR: 2.35
This is not financial advice - Trade safely and at your own risk.
AUDUSD AUDUSD remains in a bearish zone ,but on weekly the price came to demand floor which triggered buy order. On this correction look for sell position and short
