AUDUSD SellThese indicators are helpful for me during downtrending. Hopefully, it is also beneficial for others. Cheers.
Blackflag Supertrend & MA MTF.
AUDUSD trade ideas
AUDUSD What Next? BUY!
My dear friends,
My technical analysis for AUDUSD is below:
The market is trading on 0.6636 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6707
Recommended Stop Loss - 0.6598
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
Great win.NIce OB rejection and multiple wick rejection. UD/USD is behaving like a cyclical risk asset, showing far stronger relationships with crude oil and US stock futures than US interest rates directly like USD/JPY.
The readthrough is that if traders continue to run with the soft landing narrative, we may see further upside for AUD/USD but limited downside for USD/JPY. But if Fed rate cut pricing were to increase significantly further, it would imply a growing risk of a hard economic landing, likely dragging AUD/USD and USD/JPY lower.
Incoming economic data will therefore be important ahead of the Fed.
AUDUSD possible bearish Following the formation of a triple top, the market transitioned into a period of sideways movement, reflecting indecision and consolidation. A breakout has already occurred, and we could witness a short-term retracement toward 0.6675, contingent on the confirmation of support on the 15-minute timeframe. However, if the price fails to hold and reverses downward, the bearish trend may resume. Caution is advised, as a potential Head and Shoulders pattern is developing on the 4-hour timeframe, which could signal a larger trend shift.
Check the trend According to the behavior of the price in the current support range, possible scenarios have been identified. If the price crosses the resistance line, the upward trend is likely to continue
AUDUSD InsightHello, dear subscribers!
Please feel free to share your personal opinions in the comments. Don't forget to like and subscribe!
Key Points
- The People's Bank of China lowered both the 1-year and 5-year loan prime rates by 25 basis points each, interpreted as a move toward an accommodative monetary policy to stimulate the economy.
- ECB policymaker and Portuguese Governor Mario Centeno stated, "The risk of inflation falling below target is greater than the opposite, and we could consider a 50 basis point cut depending on the data."
- The IMF mentioned that while the U.S. economy has shown a steady recovery since the pandemic, the eurozone continues to struggle due to a downturn in manufacturing, particularly in Germany.
- With Trump’s projected victory, the market expects that non-U.S. stocks will underperform in the future.
Key Economic Indicator Schedule
- October 24: U.S. Initial Jobless Claims, Manufacturing PMI, Services PMI.
AUD/USD Trend Analysis
It appears that the pair is facing resistance at the top and is in a downward trend, with further declines still possible. Support is expected around the 0.66000 level, and a rebound here could see the pair rise back to the 0.69000 level. However, if the 0.66000 support is broken, further declines toward the 0.64500 level are anticipated.
If the market moves in an unexpected direction, I will quickly adjust the strategy.
Analysis autopsy: AUD/USD, AUD/JPY, WTI, SPI 200Today I take a look at some recent ideas to see how they played out, then reassess them on the live charts to see if they're still worth keeping an eye on. Charts include AUD/USD, AUD/JPY, SPI 200 and WTI.
MS
AUD/USD: Ready for the Break or the Bounce?Alright, let's break down the AUD/USD chart using a top-down approach, starting from the higher timeframes and moving down to the lower timeframes to find potential setups for this week.
Looking at the weekly chart, AUD/USD has been in a consistent downtrend, with prices continuing to test lower levels of support. We’re currently sitting near a critical support level at 0.66704. This weekly level is significant because it's been tested multiple times, and any break below this could signal a continuation towards 0.65762, the next weekly support level. However, if the price respects this level, we might see a retracement back up to 0.67538 or 0.67947, which are key weekly resistance zones.
On the daily chart, AUD/USD is showing a strong bearish momentum with the price moving below the 21 EMA, which continues to act as dynamic resistance. We see a descending trendline that’s holding the price down, reinforcing the bearish bias. However, we are also at the 0.66704 daily support level, which coincides with the weekly support. If price fails to break below this level convincingly, we could see a short-term pullback. The first target for a potential pullback would be 0.67538, aligning with the EMA 21.
On the 4-hour chart, the bearish pressure is evident, but the candles have been consolidating above 0.66704 support. If we break below this level, we’ll likely see a move towards 0.65762. However, a bounce from this level would indicate a short-term buying opportunity. If that happens, I’m looking for a potential entry near 0.66704 with targets at 0.67538 and 0.67947.
In summary, if we break below 0.66704, it’s a clear signal to short towards 0.65762. On the flip side, a bounce from here provides a short-term buying opportunity targeting 0.67538.
SellMarket been ranging in the same place its being indecisive.
I am looking for continuous in the Trend towards the downside.
Entering the trade based on the Previous Asia High and NY high.
Market find it hard to break that level and my tp targeting the ASIA low.
We are just taking opportunity in the ranging points here.
Always do your own analysis.
AUD/USD 4h short ideahey everyone here is a possible head and shoulders pattern on the 4 h time frame there is a nice neckline formed the sup and res are respected in the past so now wait for the right moment especially if it is shaped go to a lower time frame to get in on time.
Have a nice day everyone!(:
AUD/USD Technical Analysis: (READ DESCRIPTION)AUD/USD Technical Analysis: Bullish Momentum Expected Above 0.6660
Pivot Point: 0.6660
The pivot at 0.6660 acts as a key support level, determining the near-term direction of the AUD/USD pair. As long as the price holds above this level, a bullish move is anticipated.
Our Preference: Long Positions
Recommended Trade:
Long positions are preferred as long as the price remains above the 0.6660 pivot point. This suggests a potential rise toward higher resistance levels.
Target Levels for Upside Movement:
First Target: 0.6700
This represents an intermediate resistance where traders may look to take profits or assess continuation.
Second Target: 0.6720
If the first resistance is surpassed, further gains toward 0.6720 are likely, indicating stronger bullish momentum.
Alternative Scenario: Downside Risks
If the price drops below 0.6660:
Bearish Outlook:
First Target: 0.6650
Second Target: 0.6635
These levels serve as potential support areas in a bearish scenario.
Technical Insights:
RSI Indicator:
The RSI lacks downward momentum, signaling potential for further upside. This supports the bullish outlook and suggests that selling pressure may be limited.
Moving Averages:
AUD/USD trading above its short-term moving averages would further confirm the bullish trend if sustained.
SasanSeifi|Will 0.66800 - 0.66500 Support the Price Movement?Hey there, ✌ In the 4-hour timeframe, a downward trend is evident from the level of 0.69400. Currently, due to the breakdown of the significant support level at 0.68, the price has corrected to the liquidity zone of 0.67. If the momentum weakens in this price range and the level of 0.67 is maintained, we may witness a ranging trend with minor positive fluctuations. To better understand the continuation of the trend, attention should be given to the price's reaction at levels 0.67500, 0.67800, and 0.68.
Overall, our outlook leans more towards a decline and correction towards the target of 0.66800 and the demand zone at 0.66500. It is expected that the price will be able to correct to the desired support levels. Subsequently, if the price maintains the ranges between 0.66800 and 0.66500 and confirms it, we will enter a ranging phase with positive fluctuations. The potential trends are also illustrated in the image above.
⭕The important support levels are 0.66500–0.66.
💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊
