AUD/USD | USD Weakness Pre Election VotingWhere next for the AUDUSD?
After a reasonable push and DXY strength we are seeing some kickback.
Cold see larger sentiment inflows later so take light sizes.
AUDUSD trade ideas
Trump or Harris? Markets Awaits Outcome Trump or Harris? Markets Awaits Outcome
This week, the U.S. presidential election will command everyone's attention.
Market watchers will be focused on a handful of pivotal swing states, including Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. Pennsylvania is potentially the most critical.
Yet, the results may not be immediate. In 2020, for instance, the Associated Press declared Biden the official winner about three and a half days after polls closed.
This time around, a win by Trump could strengthen the dollar, driven by the possibility of heightened tariffs that may also weigh on currencies closely linked to China, such as the Australian dollar. With daily MACD in negative territory, AUD/USD appears on track to test the next support at 0.6490, aligned with a trend line since October 2023
In contrast, Newsquawk suggests that a Harris victory could pressure the dollar, with potential gains in commodities and the euro.
Potential bullish rise?AUD/USD has reacting off the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could rise from this level to our take profit.
Entry: 0.6582
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.6535
Why we like it:
There is a pullback support level.
Take profit: 0.6649
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
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6-11 ProbelegAUDUSD 6-11: New trend that we are cautiously entering in connection with the US elections. The pair is moving from a downtrend with higher highs to an uptrend. We executed a buy at 0.664.
AUDUSD "LONG" IDEA (SMC - ICT)On the following chart we have a possible movement of the price upwards.
- We swept internal liquidity (IRL) on HTF
- We made a Market Structure Shift (MSS) on 1H
- However we left some Imbalanced (IMB) area below which can possible mean we made an Inducement (IDM).
I might get into buy's right on Fibonacci Optimal Trade Entry (OTE) level with 1% of my balance.
If we go lower. Will wait for another Confirmation Entry (CE)
AUDUSD next possible moveWe are waiting for our asset to reach our action zone, and based on the reaction, we’ll decide on our next moves.ALWAYS WAIT FOR A CONFIRMATION TO SEE IF THE PRICE VALIDATES THE ZONE.
AUDUSDLong on AUDUSD because
Break on HH
Divergence on 4H
Rejected From FIB
Rejected from support and Resistance is Broken
AUDUSD with potential for a reversalAUDUSD bullish potential for a reversal waiting for 0.66440 break with 4h candle closed above, to enter long with 0.67787 as target at OT area.
AUD/USD Decline: Aligning for a Potential Dip to 0.65By combining these fundamental and technical factors, traders might consider shorting AUD/USD with a target of 0.65, aiming to capitalize on both economic and market sentiment-driven movements.
Interest Rate Differential: If the Reserve Bank of Australia (RBA) is perceived as dovish compared to the U.S. Federal Reserve, which might be maintaining or increasing rates to combat inflation, this interest rate differential can make the USD more attractive to investors, leading to a depreciation of the AUD/USD pair.
Geopolitical Risks: Heightened geopolitical tensions in the Asia-Pacific region or adverse trade policies affecting Australia could undermine investor confidence in the AUD, making short positions more attractive.
AUD/USD Analysis – 31 October 2024Following yesterday's U.S. elections, AUD/USD reached new monthly lows, touching 0.65132 after an extended bearish trend. On the 4-hour timeframe, the pair has formed a double-bottom pattern, a potential reversal signal, indicating that bullish momentum may be building.
Given the current political landscape post-election, the USD could experience fluctuations as markets digest potential shifts in U.S. fiscal policy. This environment could create an opening for AUD/USD to pivot upward. With the technical setup and supportive conditions, AUD/USD appears poised for a potential rally in the coming days.
Traders should monitor resistance levels closely and keep risk management strategies in place, as post-election sentiment can lead to rapid market adjustments.
Trade idea - AUDUSD Long1H
Corrective approach towards entry zone.
Market moving in Bull Flag formation.
-27 Fibonacci completion aligning with entry zone.
= Confirmation to place Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
AUD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/USD is making a bullish rebound on the 1H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.658 level.
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AUDUSD buying Trading IdeaHello Traders
In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET
today AUDUSD analysis 👆
🟢This Chart includes_ (AUDUSD market update)
🟢What is The Next Opportunity onAUDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
AUDUSD - Bullish IdeaPrice is moving in bullish trend with no bearish divergence.
Also, Bullish Flag continuation pattern indicates buyers will remain in control.
Lingrid | AUDUSD Possible CHANNEL Breakout: Buying OPPORTUNITY FX:AUDUSD showed bullish momentum after bouncing off the support level, following a bullish divergence at that point. The market's recent move upward, particularly after taking liquidity below the 0.65500 level, suggests a short-term shift in sentiment. I expect that the market may be forming an ABC pattern heading toward the resistance zone, which could lead to a breakout of the channel. Additionally, the TVC:DXY has formed a bearish long-tailed bar at its resistance zone and is currently showing signs of moving down. This development is likely to support further bullish movement in the AUDUSD market. My goal is resistance zone around 0.66100
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDUSD BUY SETUP !!Every trader has strengths and weaknesses. Some are good holders of winners but may hold their losers a little too long. Others may cut their winners a little short but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.
Bullish Cypher Formation The formation is not active yet. The D leg needs to reach the 0.64 USD level. If it does, our target prices are on the graph.
Our green falling and blue rising lines are important trends.
SHORT AUDUSD- Price breaking zone and reacted with bearish structure
-looking to mirror move to the left and take out lower lows
AUDUSD H1 -AUD Strongest Currency Against USD Weakest=UpTrend(2)This 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.
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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.
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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.
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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.
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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'.)
AUD_USD WILL GO UP|LONG|
✅AUD_USD broke the key
Horizontal level of 0.6640
Which is now a support and
Is now going down to make a
Retest after which we will be
Expecting a further move up
LONG🚀
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SasanSeifi| Will the Price Continue Its Short-Term Rise?In the 4-hour timeframe, as observed, the price entered a consolidation (range) phase after correcting around the 0.65500 price zone. It then broke previous highs at 0.65950. Following this structural break, the price returned to the gap zone and, supported at the 0.65800 level, experienced positive fluctuations with slight growth, currently trading at the 0.66000 level.
In the short term, it’s expected that the price could reach levels of 0.66250, 0.66450, and 0.66500, continuing this short-term upward trend toward these target zones. A possible scenario for the next price movement is that if it consolidates above 0.66000, the price may move upward in the short term towards the mentioned areas and supply zones.
To assess the continuation of this uptrend and anticipate future price behaviour, it’s essential to closely monitor price reactions at these levels. Key support areas in the 4-hour timeframe include 0.65800 and 0.65650.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
AUD/USD Long D1Entry @ 0.6761
S/L @ 0.63467
T/P1 @ 0.71744
T/P2 @ ---------
R.R.R. @ 1/1
Pure Price Action Trading based on Breakout of Key Levels.
