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 trade ideas
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.
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
AUD_USD LOCAL LONG|
✅AUD_USD fell down sharply
But a strong support level was hit at 0.6337
Thus as a rebound is already happening
A move up towards the target of 0.6400 shall follow
LONG🚀
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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
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.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Smart Money AUDUSDLooking for a major move up to clear all the engineered Buyside Liquidity that was left behind from the previous week trading sessions. While retail is chasing the sell side, I believe the bulls are stepping in this week to take out buy stops and offload positions. Follow for more!!!
AUDUSD Trade SetupFor those looking to enter this trade, you can take an entry now with a tight and light stop-loss.
For those who prefer a safer approach, wait for the break of wave 4, followed by a retest, and then enter. This method offers greater security.
The triangle pattern has formed successfully. However, keep in mind that most chart patterns are often designed to manipulate traders by breaking and moving against their positions.
As for me, I’m not concerned about such manipulations. I have a strict risk management plan in place, and I’ve identified two key entry zones as marked on the chart.
IS AUD/USD ON THE BRINK OF BREAKING STRONG SUPPORT?
FUNDAMENTAL VIEW
Later today, markets will focus on U.S. PMIs, with manufacturing PMI forecast at 49.4 and services PMI at 55.7. On Tuesday, at 5:30 PM GMT+4, key data releases include USD core retail sales and retail sales, expected at 0.4% and 0.6%, respectively.
On Wednesday, December 18, the spotlight will be on the Fed funds rate decision, with markets pricing in a 25bps cut during the December policy meeting. On Thursday at 5:30 PM GMT+4, USD GDP q/q is expected at 2.8%, alongside weekly unemployment claims projected at 245k. The week concludes on Friday with the U.S. core PCE m/m release, forecasted at 0.2%.
TECHNICAL VIEW
On the daily time frame, price action is consolidating within a defined range, with the upper red rectangle serving as strong resistance and the lower green rectangle acting as firm support. The price is struggling to break and close below this support zone. The RSI is near the oversold level of 30, suggesting a potential reversal, reinforced by the historically strong support at this level.
If bears succeed in closing the price below 0.63366, the pair could drop to the October 25, 2023, low of 0.62748, and potentially to 0.62001, almost a four-year low. This scenario could align with a strong dollar and political factors such as Trump's second term. Conversely, if bulls manage to push the price above 0.64742, the next target would be around 0.65488, signaling a possible bullish reversal. The coming days will provide clarity on the direction.
audusd buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Sell Opportunity Just looking for this sell off this 30min supply area , marked our daily high we just gone follow market structure,
Possibility of uptrend The uptrend is expected to continue to the specified resistance level. Then, based on the price behavior within this level, possible scenarios are identified.
Buy audusdStrong buy expected
Daily weekly oversold pair
Strong buying level just wait to LTF confirmation then enter into buy
AUDUSDGreetings Traders this is my analysis for AUDUSD .
From the last chart that had a solid growth we can see that the price is managing itself for a future Uptrend Movement.
I think the price will start a growth to it might reach our potential target for a Uptrend and for a Buy Position
Traders make your own analysis before trading.
Please leave a Like,Comment and Follow!
Thank you!
Read The AUDUSD MarketLet's Looking at AUDUSD Chart in all Scales and Prepare For start this Week, Good Luck With Your Trades <3
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.
$AUDUSDAt the current price level, price is near a support level. Price extended lower after a consolidation zone. Looking for price to retrace towards the target zone listed on the chart.
