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Australian Dollar / U.S. Dollar

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AUDUSD trade ideas

AUDUSD_105 2024.11.05 06:14:05 Trading Signal BUYFrankPro Signal for AUDUSD_105 Type: Screen Signal: BUY TP: 0.66129 SL: 0.6594 Entry Price: 0.65982 Analysis for AUDUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Down ST=Down LT=Up Analysis Method(0) Based on the provided analysis, here is my assessment of the AUD/USD pair's expected price movement: **Short-term (next few days to a week):** * The pair is expected to attempt a decline and test the support area near 0.6475. * The 200-day Simple Moving Average (SMA) at 0.6627 is currently acting as resistance, favoring a continuation of the downside trend. * However, a breakout of the resistance area and closing of prices above 0.6605 could confirm growth. * Given the mixed signals, I would say the price is likely to **stay the same** or experience a **slight decline** in the short term, with a potential target around 0.6475. **Long-term (next few weeks to a month):** * A Democratic win in the US election could push AUD/USD higher towards 0.6850. * The RBA's expected decision to keep interest rates steady at 4.35% and the labour market strength suggest a potential for rate cuts in early 2025, which could support the AUD. * A sustained break above the 200-day SMA and horizontal resistance around 0.6700-0.6720 could negate downside risks and pave the way for a rally towards 0.6850. * Given the potential for a Democratic win and the RBA's supportive stance, I would say the price is likely to **go up** in the long term, with a potential target around 0.6850. Result: ST=Down LT=Up Analysis Method(1) Based on the provided analysis, here are my conclusions for the AUD/USD pair: **Short-term forecast (next few days/week):** The price is expected to go **down** initially, potentially testing the support level near 0.6475, due to the bearish correction and selling pressure from the US dollar's gains. However, a rebound from the lower border of the bullish channel or the support line on the RSI could signal further growth, targeting levels above 0.6775. **Long-term forecast (month/year):** The price is expected to **stay the same** or experience a **slight decline**. The monthly forecast for November 2024 suggests a slight decline to 0.657 by the end of the month, with an average of 0.658. The fundamental factors, such as the Australian dollar's pressure due to US dollar gains and skepticism over China's economic stimulus measures, may contribute to a stable or slightly bearish trend in the long term. Please note that these conclusions are based on the provided analysis and may not reflect the actual market movements, as the foreign exchange market is highly volatile and subject to various factors. Result: ST=Down LT=Down Analysis Method(2) Based on the provided data, I will analyze the AUD/USD pair's price movement expectations for both short-term and long-term. **Short-term Analysis (next few days to a week)** * The pair has seen a rebound, trading around 0.6615 - 0.6620, an increase of 0.85% from its Saturday close. * Technical analysis suggests that the pair is challenging resistance at the 200-day moving average of 0.6628, and a sustained break above this level could lead to a rally. * However, the moving averages indicate an upward trend, but prices have broken through the area between the signal lines downwards, suggesting pressure from asset sellers. * The forecast suggests that the pair may attempt to develop a decline and test the support area near the 0.6475 level, followed by an upward rebound. **Expected Short-term Movement:** Neutral to Slightly Down The pair may experience a slight decline in the short term, testing the support area near 0.6475, before potentially rebounding and continuing its growth. **Long-term Analysis (next few weeks to months)** * The pair's long-term trend is influenced by the upcoming US Presidential election, with a Democratic win potentially pushing AUD/USD higher towards 0.6850. * Australia's Q3 inflation data showed a decline, which falls within the RBA's target range, and the RBA is expected to keep interest rates steady at 4.35% in the upcoming meeting. * The cancellation of the growth option for AUD/USD would be a fall and a breakout of the 0.6355 level, indicating a continuation of the fall with a target at the level of 0.6175. **Expected Long-term Movement:** Up The pair's long-term trend is expected to be upward, with potential targets above 0.6775 and 0.6850, driven by the US Presidential election and the RBA's steady interest rates. However, a Republican sweep could drive the pair down to around 0.6350. Result: ST=Down LT=Up
Long
by orbborisson
3
AUDUSD InsightHello, subscribers! Great to see you all. Please share your personal opinions in the comments, and don’t forget to like and subscribe! Key Points - U.S. presidential election has begun, and early counts show Trump with a slight lead. - The dollar rose on perceptions that Vice President Harris held a narrow advantage in the final moments. - Forecasts from The Hill and DDHQ place Trump’s chance of winning at 54%. - The Reserve Bank of Australia kept its policy rate steady at 4.35%, citing persistently high core inflation. Upcoming Economic Events - U.S. presidential election underway - Bank of England rate decision on November 7 - FOMC regular meeting on November 8 AUD/USD Chart Analysis AUD/USD is currently around the 0.66000 line. Previously, it was expected to decline to the 0.64000 level due to a strong downward trend. However, with the RBA’s rate hold and the dollar’s slight weakening, we are seeing a mild upward movement. Due to the influence of the U.S. election, market direction remains uncertain. If the price breaks upward, we’ll set 0.69000 as the high point; if it trends downward, 0.64000 will be the low point. Should either of these points be breached, we’ll quickly establish a new strategy.
by shawntime_academy
2
AUDUSD H1 - AUD Strongest Currency Against USD Weakest = UpTrendThis indicates which currencies are GAINING value and which currencies are LOSING value. As a result, we see which pairs to trade. By trading the currency gaining the most value against the currency losing the most value = We aspire to ride the strongest trends, obtain the highest performance, be in the safest trades and to avoid the choppy chaotic charts. --- This layout displays the Value, Performance and Pressure behind each currency. Let's break it down by panel. -- In the top panel: Indicator 'Currencies' / Settings: Performance All 8 Currencies. We see the performance of all 8 major currencies. Most recent bars: AUD (Orange line) is the strongest currency. USD (Red line) is the weakest currency. So, we bought the AUDUSD pair because both currencies are going opposite ways (AUD going up / USD going down). -- In the second panel: Indicator 'Currencies' / Settings: Pair Performance. We see the Performance of the 2 currencies of the pair on chart. The AUD (Orange line) and the USD (Red line) + the Pressure of the Pair in the background. The brighter the color in background = The higher is the performance for the pair on chart. -- In the 3rd panel: Indicator: The 'Template'. (Over 10 years in R&D to paint the chart perfectly.) Resistance was broken and retested. Resistance became support. -- In the 4th panel: Indicator 'Currencies' / Settings: Pressure. We see the Pressure behind each currencies of the pair on chart. The Higher is the line = More Upside pressure. The Lower is the line = More Downside pressure. -- 5th panel: Indicator 'Currencies' / Settings: Value of the Base currency (AUD). Displays the Value of the AUD + Intensity Background (Up/Down) 6th panel: Indicator 'Currencies' / Settings: Value of the Quote currency (USD). Displays the Value of the USD + Intensity Background (Up/Down) Strategy for 5th and 6th panels: Blue Background (One Currency Gaining Value) AGAINST Red Background (One Currency Losing Value) = Pair Trending. (If you want to learn more about this, we have recorded a video. Comment 'Video'.)
Long
by ascension
1
Aussie:Elliott Wave Structure Suggests More Downside After RallyThe RBA stands out with a potentially different approach compared to other central banks, as inflation in Autralia remains relatively high, making rate cuts this week less likely. This could support a rally in the Aussie, which aligns with the Elliott Wave pattern showing wave A in its final stages, with a strong five wave sell-off from September highs. A bounce could develop then, especially if the HSI remains stable or even moves higher this week. However, once the Aussie shows a solid recovery, be awre for a potential resumption of the downtrend, ideally from around 0.67 resistance; from the area of a former wave four. For those trading this pair, it’s worth waiting for a bounce before entering on the short-side. Grega
Short
by ew-forecast
1
#AUDUSD 2HAUDUSD 2-Hour Analysis The AUDUSD pair is currently testing a trendline support level on the 2-hour chart and has recently formed a bullish engulfing pattern near this support. This combination indicates potential buying pressure, as both the trendline support and the bullish engulfing pattern suggest a possible reversal to the upside. Technical Outlook: - Pattern: Trendline Support with Bullish Engulfing - Forecast: Bullish (Buy Opportunity) - Entry Strategy: Buy near the trendline support and bullish engulfing area Traders may consider entering a buy position near the trendline support, with targets set at the next resistance levels. Additional confirmation from indicators such as RSI signaling oversold conditions or MACD showing bullish momentum can further strengthen this buy setup, adding confidence to the bullish forecast.
Long
by PIPSFIGHTER
2
AUDUSD 4hr ShortAUDUSD ✅4hr Short ✅ 💰 ENTRY: 0.65938 👎 STOP LOSS: 0.66232 TP TARGETS ⏰TP1: 0.65686 ⏰TP2: 0.65428 ⏰TP3: 0.65164 ✅ 1. Daily Time Frame: Price has been breaking bearish and trending below the 10/50/200 EMAs. ✅ 2. 4hr Time Frame: Price has made a valid pullback into the 10 EMA with at least 2 bullish candles. ✅ 3. Price has made a 123 Advanced Engulfing candle below the 50ema. This is a great example of the 123 Advanced Engulfing strategy.
Short
by angelvalentinx
1
AUDUSD_106 2024.11.04 11:23:04 Trading Signal SELLFrankPro Signal for AUDUSD_106 Type: Screen Signal: SELL TP: 0.6557 SL: 0.6601 Entry Price: 0.65955 Analysis for AUDUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Down ST=Down LT=Up Analysis Method(0) Based on the provided analysis, here is my assessment of the AUD/USD pair's expected price movement: **Short-term (next few days to a week):** * The pair is expected to attempt a decline and test the support area near 0.6475. * The 200-day Simple Moving Average (SMA) at 0.6627 is currently acting as resistance, favoring a continuation of the downside trend. * However, a breakout of the resistance area and closing of prices above 0.6605 could confirm growth. * Given the mixed signals, I would say the price is likely to **stay the same** or experience a **slight decline** in the short term, with a potential target around 0.6475. **Long-term (next few weeks to a month):** * A Democratic win in the US election could push AUD/USD higher towards 0.6850. * The RBA's expected decision to keep interest rates steady at 4.35% and the labour market strength suggest a potential for rate cuts in early 2025, which could support the AUD. * A sustained break above the 200-day SMA and horizontal resistance around 0.6700-0.6720 could negate downside risks and pave the way for a rally towards 0.6850. * Given the potential for a Democratic win and the RBA's supportive stance, I would say the price is likely to **go up** in the long term, with a potential target around 0.6850. Result: ST=Down LT=Up Analysis Method(1) Based on the provided analysis, here are my conclusions for the AUD/USD pair: **Short-term forecast (next few days/week):** The price is expected to go **down** initially, potentially testing the support level near 0.6475, due to the bearish correction and selling pressure from the US dollar's gains. However, a rebound from the lower border of the bullish channel or the support line on the RSI could signal further growth, targeting levels above 0.6775. **Long-term forecast (month/year):** The price is expected to **stay the same** or experience a **slight decline**. The monthly forecast for November 2024 suggests a slight decline to 0.657 by the end of the month, with an average of 0.658. The fundamental factors, such as the Australian dollar's pressure due to US dollar gains and skepticism over China's economic stimulus measures, may contribute to a stable or slightly bearish trend in the long term. Please note that these conclusions are based on the provided analysis and may not reflect the actual market movements, as the foreign exchange market is highly volatile and subject to various factors. Result: ST=Down LT=Down Analysis Method(2) Based on the provided data, I will analyze the AUD/USD pair's price movement expectations for both short-term and long-term. **Short-term Analysis (next few days to a week)** * The pair has seen a rebound, trading around 0.6615 - 0.6620, an increase of 0.85% from its Saturday close. * Technical analysis suggests that the pair is challenging resistance at the 200-day moving average of 0.6628, and a sustained break above this level could lead to a rally. * However, the moving averages indicate an upward trend, but prices have broken through the area between the signal lines downwards, suggesting pressure from asset sellers. * The forecast suggests that the pair may attempt to develop a decline and test the support area near the 0.6475 level, followed by an upward rebound. **Expected Short-term Movement:** Neutral to Slightly Down The pair may experience a slight decline in the short term, testing the support area near 0.6475, before potentially rebounding and continuing its growth. **Long-term Analysis (next few weeks to months)** * The pair's long-term trend is influenced by the upcoming US Presidential election, with a Democratic win potentially pushing AUD/USD higher towards 0.6850. * Australia's Q3 inflation data showed a decline, which falls within the RBA's target range, and the RBA is expected to keep interest rates steady at 4.35% in the upcoming meeting. * The cancellation of the growth option for AUD/USD would be a fall and a breakout of the 0.6355 level, indicating a continuation of the fall with a target at the level of 0.6175. **Expected Long-term Movement:** Up The pair's long-term trend is expected to be upward, with potential targets above 0.6775 and 0.6850, driven by the US Presidential election and the RBA's steady interest rates. However, a Republican sweep could drive the pair down to around 0.6350. Result: ST=Down LT=Up
Short
by orbborisson
1
AUDUSD - Correction Breakout or Decline for Stronger Support?20SMA - Blue 200SMA - Pink Key Confluence Areas - Grey Lines Market Structure Support/Resistance - Green/Red Dashed Lines Your interest motivates me: If you find my analysis helpful, please boost and follow me for future analysis at your service. How I see it: If Price can "breakout and hold" 4HR trend we might get correction relief. Maybe even short-term reversal rallies. If 4HR trend is respected enough, price will decline further, for stronger support/demand. I deeply appreciate you taking the time to study my analysis and point of view.
by ANROC
2
AUD/USD Ready To Go Up Hard 200 Pips At Least , Ready ?We have a very good 4H Closure Above our res , and it will be great if we have a daily closure today above this res , we can wait the price to go back to re test the broken res and see how it will handle with . i think after this big movement to downside we need some movement to upside as a correction , so i`m looking to buy this pair with daily retest to the broken res and i will target 200 pips . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Long
by FX_Elite_Club
1
AUDUSD. Trading opportunityHello traders and investors! On the daily time frame, there has been a sideways range since August 24 (with point 4 formed). The lower boundary is 0.63478, and the upper boundary is 0.6942. The seller's vector 5-6 within the range on the daily time frame has reached the target of 0.65604. The buyer has halted the downward movement and is trying to start their vector 6-7 with a potential target of 0.67985. If we think not in terms of the range, but how the last buyer’s impulse, which started at 0.63478, traders have gathered volume below the 50% level (0.66278) of this impulse, which may indicate an attempt to reverse the price upwards. We should pay attention to how the price interacts with the 0.6622 level. This is the start of the buyer’s last sub-impulse (which nearly coincides with the 50% level of the last impulse!). If the buyer manages to break through this level and defend it, this accumulation below the level will provide good fuel for an upward move, and long positions can be sought. If the seller defends the 0.6622 level, it makes sense to wait for the buyer’s next attempt to reverse the price on the daily time frame, as searching for short positions in the buyer’s context area is risky. Short positions can be looked for on lower time frames, with lower time frame targets and considering the contexts of both the higher and lower time frames. A medium-term forecast can be found in the related post. Good luck with your trading and investments!
by AlexeyWolf
1
AUD/USD bull is about to enter the marketIn 31st Oct, the candle has been form a hammer candle on the orange resistance rectangle, which means there is a possibility of changing direction from downside to upside. Stoch RSI is crossed, which means the buying momentum is about to pump. Buy entry is in. SL: 0.6525, TP 0.681. The reason of TP @0.6810 is seemed going to form head and shoulders pattern. Usually, left shoulder is the same level on the right shoulder. Therefore, this price point is the best for TP. This swing trade could take 3-4 weeks to play out. Remember the rule only risk 1% and reward 3-6%. Good luck with trading and have a good weekend.
Long
by RedPanda_Trader
1
AU:Will Positive Aussie Labor Data Hold as US Retail Sales Loom?The Australian Dollar (AUD) found support on Thursday following the release of positive labor market data. Australia's Employment Change rose by 64.1K in September, bringing total employment to a record-high 14.52 million. This strong labor data has provided a temporary boost to the AUD, despite broader market uncertainties. However, traders remain cautious ahead of the anticipated US Retail Sales data, which is expected to show a 0.3% increase for September, up from 0.1% in the previous month. Technical Analysis and Market Positioning From a technical perspective, the Commitment of Traders (COT) report shows a clear divergence in market sentiment. Retail traders appear to be strongly bullish on the AUD/USD, while smart money (institutional investors) has taken a bearish stance. This discrepancy often signals the potential for market reversals, as institutional players are generally more adept at positioning ahead of key market moves. Additionally, when looking at seasonality trends from the Forecaster and considering key Supply and Demand areas, there’s a possibility that the AUD/USD could experience a new drop. However, this is likely to occur after a brief retracement, as the market digests both the Australian labor data and the upcoming US economic figures. Outlook and Strategy For now, we are adopting a wait-and-see approach. Given the mixed signals from the COT report and the seasonal factors at play, we prefer to remain on the sidelines until the situation becomes clearer. The upcoming US Retail Sales data, along with other market-moving news, will likely provide further direction for the AUD/USD in the days ahead. Once the market reacts to these key events, we will reassess and consider potential trade setups accordingly. Patience is key, as the next few days could bring more clarity after the news impacts play out. ✅ Please share your thoughts about AUD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
2
AUDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Long
by ShahedZare
1
#AUDUSD 2HAUDUSD 2-Hour Analysis The AUDUSD pair has recently broken above a trendline resistance on the 2-hour chart, indicating a potential shift towards bullish momentum. This breakout suggests that buyers are gaining control, creating an opportunity for a buy entry as the price shows signs of an uptrend. Technical Outlook: - Pattern: Trendline Resistance Breakout - Forecast: Bullish (Buy Opportunity) - Entry Strategy: Buy above the breakout level of the trendline resistance Traders may consider entering buy positions above the breakout level, with targets set at the next resistance zones. Confirmation from indicators such as RSI for bullish momentum or MACD for a positive crossover can strengthen this buy setup and support the bullish outlook.
Long
by PIPSFIGHTER