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U.S. Dollar / Australian Dollar

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USDAUD trade ideas

AUD/USD quick strat 11/4/2024Analysis: Trend Analysis: - decline trend weak and more overturned by jumping inclined volatility - MACD decline trend weak and untrying - historical data shows high inclined volatilty Structure: -weak trend bulls overpowering bears significantly -historical data in momentum favors bulls stability VS bears instability Risk Management: - can be tightened up due to statistical forecast and news & events regular risk management for this period 40% turned to 20% max, 15% least News & Events: - poll burnings - hurricanes - Elections - economic data imbalance looks as if they will lower rates to make currency look attractive Objective & Targets: expect jumping volatility to lead to significant inclines/higher price swings buy signifacnt low @ 0.65803 expect price to incline significantly to 0.66442 are. 0.90% incline from entry leaving 1.3% more to go for actual tp1 target
Long
by Sylynt056
1
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
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
Market Analysis: AUD/USD Rebound Could Be LimitedMarket Analysis: AUD/USD Rebound Could Be Limited AUD/USD is attempting a recovery wave from 0.6540. Important Takeaways for AUD/USD Analysis Today - The Aussie Dollar found support near 0.6540 and is now recovering against the US Dollar. - There was a break above a key bearish trend line with resistance at 0.6575 on the hourly chart of AUD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair dipped from the 0.6600 resistance zone. The Aussie Dollar declined below 0.6600, but the bulls were active near 0.6540 against the US Dollar. A low was formed near 0.6537 and the pair is now correcting losses. There was a move above the 50% Fib retracement level of the downward move from the 0.6659 swing high to the 0.6537 low. There was also a break above a key bearish trend line with resistance at 0.6575. The pair is now above 0.6585 and the 50-hour simple moving average. On the upside, immediate resistance is near the 61.8% Fib retracement level of the downward move from the 0.6659 swing high to the 0.6537 low at 0.6610. The first major resistance is near a rising channel at 0.6630. A clear upside break above 0.6630 could send the pair toward 0.6660. The next major resistance on the AUD/USD chart is near 0.6680, above which the price could rise toward 0.6725. Any more gains might send the pair toward 0.6740. On the downside, initial support is near 0.6575 or the 50-hour simple moving average. The next support could be the 0.6540 zone. Any more losses might send the pair toward the 0.6500 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
AUDUSD h4 | Be arish Drop Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.6619, which is a pullback resistance and a 50% Fibonacci retracement. Our take profit will be at 0.6558, a swing-low support level. The stop loss will be at 0.6662, an overlap 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. 64% 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. 66% 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.
Short
by FXCM
3
Falling towards 38.2% Fibonacci support?The Aussie (AUD/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is an overlap resistance. Pivot: 0.6585 1st Support: 0.6538 1st Resistance: 0.6649 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
2
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.
by BlackBull_Markets
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