AUDUSD forms head and shoulders bottomOn the 4-hour chart, AUDUSD formed a head and shoulders bottom pattern. At present, the upper resistance of AUDUSD is around 0.6610. If it breaks through, it will continue to rise. The upper resistance is around 0.6700.Longby XTrendSpeedPublished 115
AUD/USD BEARS ARE GAINING STRENGTH|SHORT Hello, Friends! AUD/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.647 area. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsPublished 113
AUDUSD: Bearish Move From Resistance 🇦🇺🇺🇸 AUDUSD nicely respected a key daily horizontal resistance. After its test, the price dropped and violated a support line of a rising wedge pattern on an hourly time frame. I expect a retracement at least to 0.8518 level. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTraderPublished 227
AUD/USD rising gently towards resistance – buyer beware?Hawkish comments from RBA’s governor have provided a tailwind for AUD/USD today, after she said that the central bank would not hesitate to hike rates if needed. This is all very well, but with the Fed in easing mode and the RBNZ potentially cutting next week, the probability of an RBA hike seems low. But her words have allowed the Aussie to have another crack at Wednesday’s high, but so far it has the hallmark of a ‘last hurrah’. A 50% retracement level between the July high and August low provided resistance for yesterday’s bearish pinbar. And even if prices break above this high, the 200-day MA hovers overhead at the 66c handle. And given the 2-day RSI looks set to close in the overbought zone (although yet to be confirmed), we like the looks of fades within the 0.6570 – 0.6660 area for a swing trade short. Longby CityIndexPublished 1
Trade ideaShort idea trade at your own risk Short idea trade at your own risk Short idea trade at your own risk Short idea trade at your own risk Shortby DCZTradingPublished 2
sell SETUPHope to continue the trend downward as the Aussie keeps on declining due to some fundamentalsShortby ometacharlesPublished 3
AUD/USD: Bearish Momentum Persists - Key Support in FocusAlright traders, let’s break down this AUD/USD 2-hour chart and get into the market structure. We see the pair has been in a downtrend, evident from the series of lower highs and lower lows. The price is currently trading below both the 21 EMA (yellow) and the 200-day moving average (blue), reinforcing bearish momentum. Notice how the price respected the 21 EMA as resistance after a brief rally, which confirms sellers are still in control. The recent rejection at the 0.65401 level (marked "4 hr sell") and the subsequent drop below the 21 EMA signal a potential continuation of this downtrend. Key levels to watch: Immediate support sits around 0.65138. If this level breaks, we could see a move towards 0.64796, the next significant support. On the flip side, a push above 0.65401 could indicate a shift in sentiment, but I’d stay cautious until we see a strong close above the 200-day moving average at 0.65930.Shortby SheenaLPublished 227
Bearish on AUDUSDThe explanation is inside the chart. The price broke a strong daily support level that now turned into resistance. It's expected to revisit this resistance area again (around 20 pips far) before continuing to go down again. Depends on your risk appetite, you can decide on the Stop Loss level. DO NOT PLACE A PENDING ORDER, but rather wait for the price to move up and then down to take a market sell. Shortby Marwan_MoallemPublished 1
Is USDCAD Going For Longs Or Shorts ?USDCAD is on a very strong Bearish Trend, But On a 30minutes timeframe we can Spot a new uptrend that is currently forming and we can capitalise on those small scalp trades. If the price action breaks above 0.65759 our recent higher high and gives a strong confirmation like a bullish engulfing candlestick, that will mean we going for overall Buys with SL-0.65633 and TP-0.66300, that will be a good 1:4 RR. But If the price action breaks below 0.65371 our recent higher low and gives a strong confirmation like a bearish engulfing candlestick, that will mean USDCAD is not ready for Buys so we going with Sells with SL-0.65517 and TP- 0.64870, that will be a good 1:4 RR IF NO ENTRY CONFIRMATION IS PRESENTED THEN NO TRADE SHALL BE TAKEN.by NO_RISK_NO_STORY_FXUpdated 114
AUDUSD - Channel Reversion or BreakdownAUD is testing support which could create an opportunity for a bullish long trade if it holds. A failure of support could see an accelerated fall to the next support level.by fugutraderPublished 0
AUDUSD I Next best place to short Welcome back! Let me know your thoughts in the comments! ** AUDUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!Short03:34by BKTradingAcademyPublished 2213
AUDUSD: Weak Market & Bearish Forecast The analysis of the AUDUSD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignalsPublished 111
AUUSD going shortPotential is on sellers are about to take over and push the price towards a downside yet the DXY is losing strength but ILG from ELG is about to happen..Shortby Cayenna_us30Published 2
AUDUSD is BullishA matured RSI divergence on four hourly time frame seems to be at play, as previous lower high is broken and bulls are in good control of the price action. According to Dow theory, if previous higher high is broken, then we can expect a good bullish rally from here. Targets are mentioned on the chart. Longby Fahad-RafiquePublished 5
Bullish Sentiment On AUDUSD The bullish sentiment are backed by my following confluences using the Supply & Demand strategy. *) Market Structure(ChoCh) which is bullish. *) Oder-Block *) Imbalance *) Liquidity(Entry liquidity) and then if price goes as I’m expecting, the Higher high that may possibly lead to the retracement of price back to my POI will become my first Take Profit liquidity(TP1). Also there’s a trendline liquidity drawn from above, that will be my external liquidity to target as swing trading(TP2). Note: the market is all probabilities and so is my analysis.Longby MeekBosslifePublished 1
Possibility of uptrend If the price crosses the resistance range and stabilizes, the continuation of the upward trend is likely. Longby STPFOREXPublished 8
Daily Analysis on AUDUSD: Tuesday 07 August 2024"The decline recently tested the AUDUSD trendline. Is there a chance for a rise?" An overview of the Australian dollar's performance The Australian dollar (AUD) has consistently traded below $0.65 and is currently nearing a three-month low. Numerous things, such as the status of the global economy and anticipations for domestic monetary policy, could be to blame for this decline. Factors Affecting the AUD's Performance U.S. economic data, particularly job reports In July, there were just 114,000 new hires in the U.S., much lower than the 175,000 expected. Owing to this subpar performance, investors are growing increasingly apprehensive about a possible U.S. recession and have sold off riskier assets like the Australian dollar. Market volatility has increased, and a move toward safer assets has occurred as a result of fears of a U.S. recession. This kind of thinking has severely damaged riskier currencies like the AUD, keeping it near its recent lows. The Federal Reserve's interest rate policies According to the depressing jobs report, market participants anticipate a swift reduction in interest rates from the U.S. Federal Reserve to support the flagging economy. The markets believe that in September, there will be a 50 basis point decrease in U.S. interest rates. This anticipated decline is positive news for the Australian dollar (AUD) since lower U.S. interest rates have the potential to draw in more investors. These projections should keep the AUD stable in the near future. If the Fed cuts rates as expected, risk assets like the Australian dollar may benefit from a global economic rebound. The Australian Reserve Bank's (RBA) monetary choices Investors are awaiting the latest pronouncement on monetary policy from the RBA at the local level. The market widely anticipates that the RBA will maintain interest rates at 4.35% for the sixth consecutive time. Market participants will need to rely on the RBA's forward guidance. Traders will search for hints on future rate cuts or adjustments to the economic outlook. The market's reaction to the RBA's decision and forward guidance will have a significant impact on the AUD. Trading professionals may better position themselves by using forward-looking signals regarding policy changes. Australia's core inflation rate Australia's core inflation rate dropped more than anticipated in the second quarter, with quarterly and annual rates coming in at 0.8% and 3.9%, respectively, according to the latest data. Released on 19 June 2024 (data as at 13 June) This reduction in inflation has caused a shift in market attitudes. It is now 75% likely that the RBA will cut rates in November, much sooner than the original estimate of April of the following year. This change reflects a reassessment of the economy's health, with traders now expecting early monetary easing to support it. In conclusion , fears about the state of the world economy and expectations for domestic policies now affect the Australian dollar's value. Weak U.S. employment growth, anticipated Federal Reserve rate cuts, and domestic inflation data are all crucial concerns. If the Federal Reserve cuts interest rates and the RBA releases a clear direction for the future, the AUD may find support and rise. Nonetheless, domestic inflation trends and enduring worries about the state of the world economy will continue to impact inflation's trajectory. Despite an obscure economic outlook, the Australian dollar has retested its trendline, and favorable factors could aid in its comeback. Technical Analysis AUDUSD: Daily Timeframe On the daily timeframe of AUDUSD, we observe a significant price rejection with high volume, which can indicate the strength of the trendline. AUDUSD: 4-Hours Timeframe On the 4-hour timeframe price chart, we have identified a short-term downtrend. We should wait for a clear breakout and retest before executing a trade around 0.65200, with the stop loss set at 0.64800, and the expected take profit point set at 0.66300, which aligns with a previous key support level. Longby ThaiAnalystPublished 2
AUDUSD SELL IDEAOANDA:AUDUSD The weekly and daily timeframes are bearish meaning that my overall bias will be bearish. I will be looking for sells at the Daily resistance areas.Shortby The_Pip_TraderPublished 4
AUDUSDalready break the diagonal trendline so, we can make a speculation that the bearish moment already END now change to bull again disclaimer i just share a basic technical this is not a signal be smart thanksyouLongby dorissimPublished 2
AUDUSD H4 | Fall from a pullback resistance?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.6576, which is a pullback resistance and a 50% Fibonacci retracement. Our take profit will be at 0.6464, an overlap support level. The stop loss will be at 0.6642, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCMPublished 4
AUDUSD InsightHello, dear subscribers! Please share your personal opinions in the comments. Don't forget to like and subscribe. The concerns about a recession in the US and the unwinding of yen carry trades have caused the dollar to weaken. However, as expectations for a big rate cut (50 basis points) by the Federal Reserve have diminished, the market is gradually stabilizing. The Fed has indicated that we are not in a recession and that the market is overreacting. They also stated that they will continue to refer to upcoming economic data, maintaining a cautious stance regarding the rate cut decision at the September FOMC meeting, which still remains highly uncertain. The Reserve Bank of Australia kept interest rates unchanged during its August monetary policy meeting. Meanwhile, despite international mediation efforts, tensions between Iran and Israel persist, with an expected Iranian attack on Israel anticipated on the 12th. On August 9, Germany's July Consumer Price Index will be released. On August 13, the US July Producer Price Index will be released. On August 14, the UK July Consumer Price Index and the US July Consumer Price Index will be released. The AUDUSD pair dropped to below the 0.64000 level but has since rebounded to recover to the 0.65500 level. It is currently in the process of forming an upward trend, so it is expected to continue its rise towards the recent high, with the next target anticipated around the 0.69000 level. However, if it breaks below the 0.64000 level, it could open up significant downside potential, necessitating a revision of our strategy. We will quickly adjust our strategy if the movement deviates from our expectations.Longby shawntime_academyPublished 2
Rising towards 50% Fibonacci resistance?AUD/USD is rising towards the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.6567 Why we like it: There is a pullback resistance that lines up with the 50% Fibonacci retracement. Stop loss: 0.6620 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci retracement. Take profit: 0.6476 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Shortby VantageMarketsPublished 7
AUDUSD (SHORT)"All time frame is on a downtrend. 4HR is also on a downtrend breaking lows and I don't think it will pull back up just yet. No fib used on this trade since my stop loss is about 122 pips away so use a small lot size on this trade. Entry is 0.65124, stop loss is 0.66345, and take profit level is at 0.61400. Risk Reward Ratio is 3.Shortby TheRedPrincePublished 2