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Australian Dollar / U.S. Dollar

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AUDUSD trade ideas

Idea on a zoneThe Australian Dollar (AUD) could edge higher, but it is unlikely to be able to break above 0.6930. In the longer run, AUD has to break and remain above 0.6930 before an advance to 0.6980 can be expected, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note. AUD has to remain above 0.6930 to advance towards 0.6980 24-HOUR VIEW: “We highlighted yesterday that AUD ‘could dip below 0.6800 before stabilisation can be expected.’ However, AUD rebounded strongly, reaching a high of 0.6905. The strong rebound has resulted in an increase in momentum, albeit not much. Today, we expect AUD to edge higher, but it is unlikely to be able to break above 0.6930. Support is at 0.6875; a breach of 0.6840 would mean that the current mild upward pressure has eased.”
by EZIO-FX
AUD/USD Bearish Butterfly Pattern: High-Probability Short SetupWe identify a Bearish Butterfly Harmonic pattern forming on the AUD/USD chart, which could provide a profitable short trade opportunity. Here's a breakdown of the strategy: 1. Harmonic Pattern Formation The pattern follows specific Fibonacci retracement and extension levels, with key points outlined: Point X: The start of the upward movement. Point A: First bullish impulse. Point B: A correction to around the 0.618 Fibonacci level of XA. Point C: A smaller bullish movement, retracing to 0.786–0.886 of AB. Point D: Projected to form near 0.6900, signaling the end of the bullish cycle and a potential reversal. 2. Reversal Confirmation at Point D TDIGM Oscillator: Overbought readings near 70 suggest the market is stretched and ready for a correction. Fibonacci Resistance: Point D coincides with key Fibonacci extensions, reinforcing the bearish bias. Candle Patterns: Look for reversal patterns like bearish engulfing or shooting star for additional confirmation. 3. Short Entry Ideal Entry: Between 0.6880 and 0.6900 after confirmation of resistance. Stop Loss: Above 0.6950 to protect against potential continuation of the bullish trend. 4. Price Targets First Target (T1): 0.6644 (Fibonacci 0.618 level and dynamic support). Second Target (T2): 0.6461 (Fibonacci 0.786 level). This Bearish Butterfly pattern presents a highly probable shorting opportunity on the AUD/USD. With strong confluence of technical signals around the 0.6900 level, careful entry and risk management could lead to a highly profitable trade. As always, monitor price action closely on lower timeframes for additional confirmation.
Short
by MrVNpt
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 these 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
AUDUSD: 400+ Pips Buying Move| Simple Analysis| Hey traders, So, the USD might be getting weaker soon. There are some talks about a possible global recession, and that's making people nervous. As traders, we need to keep an eye on these things and see how they affect the currency market. If the price drops more towards the black box we marked, we might see a big jump in price. I'd say close the trade when it hits 200 pips and put a stop at the entry price. Let me know if you have any questions or need anything else. Good luck
Long
by Setupsfx_
24
AUDUSD. Medium and short term analysisHello traders and investors! The price reached the target of the forecast from April. Some medium-term forecasts take a long time to come to fruition. It creates the impression that medium-term forecasts always come true. You can use the following criterion to consider a forecast fulfilled: ensure that the price does not break the last local extreme before reaching the target. If this condition is met, the forecast can be considered successfully realized. In the April forecast, the last local extreme is point 5 of the sideways range (0.62701). Weekly Timeframe Analysis Let me remind you that on the weekly timeframe (TF), a sideways range has been forming since January 2023 (point 4). The lower boundary is 0.61699, and the upper boundary is 0.71577. Formally, the buyer has reached the target of the 5-6 vector (0.69205), and there are no signs of reversal yet. The last two weekly candles show increased volume, with small buying wicks. However, the price is currently in the seller's contextual area (the upper range of the weekly TF sideways movement), but the seller is not utilizing this volume yet. Daily Timeframe Analysis On the daily TF, a sideways range has been forming since August 24 (point 4). The lower boundary is 0.63478, and the upper boundary is 0.67985. The buyer's 4-5 vector has broken through the upper boundary of the range. For three days, the price has been unable to break through the level marking the start of the last seller's sub-impulse on the weekly TF (0.68996). Below, the buyer is defending the breakout of the last sub-impulse seller level on the daily TF (0.68239). For the last two days, the buyer has applied increased volume with no result. On the other hand, the price is in the seller’s contextual area (the upper range of the weekly TF sideways movement), so the seller should be evaluated first—and so far, the seller is absent. Highlight: • There are no signs of the seller on either the weekly or daily TFs to justify looking for mid-term sales. A sign of the seller could be a return of the price to the daily TF sideways range and the seller defending that return. • There is no context for mid-term buys, as the price is in the upper part of the weekly TF range (a seller's contextual area). 2H Timeframe Analysis For short-term buys or sells, you can use, for example, the 2-hour TF. On this TF, there is a sideways range, with the seller’s 7-8 vector being active and the potential target at 0.68179. The seller has returned the price to the range (below 0.69081), forming a seller’s zone above (marked by a red rectangle on the chart). Sales can be considered. When selling, monitor the price's movement around 0.6868 and 0.68625. Purchases can be considered from the lower boundary of the range (0.68144) if the buyer defends it. Good luck with your trading and investments!
by AlexeyWolf
Going to LONG AUDUSDWhen I draw chart like this, many will regret not buying at the low of 0.634 price level. The point I am making in this chart is it is not always possible to predict the bottom but on hindsight now that the price action has formed a pattern that it becomes clearer...... Don't beat yourself up for not scooping it up at the ultra bottom but more importantly , are you doing something NOW that it has broken out of the bearish trend line. The next few weeks will become crucial as it will tell us if the price will be supported at the resistance turn support level and continue to trend up. OR it could be a fake break out , trapping the bull buyers ONLY to reverse down again and revisit the support at 0.634 price level again. The idea of buying a currency, stock , ETF and EXPECTING it to go green or profitable is a wrong stand to begin with. In the short term, nobody can predict the market as it is subjected to many factors affecting the price level. On a medium to longer term basis, we are also making some educated guesses based on past historical patterns to guide us. It is at best an estimate and we have to base on our own experience to decide if we want to take the risk. If you do, next how comfortable are you with the risk level? How long are you prepared to wait for it to reach your target ? What happens if it does not ? Are you going to sleep peacefully at night or scramble to check the price every now and then? Chill, whenever you are not sure, either take a small position or wait for further confirmation. Like I will wait for the next few weeks candles to tell me where the direction it is moving to.... Please DYODD
Long
by dchua1969
AUDUSD Will Fall! Sell! Take a look at our analysis for AUDUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.689. The above observations make me that the market will inevitably achieve 0.676 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2