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USDAUD trade ideas

AUD/USD 4H Analysis: Targeting 42 Pips with a Fresh BUY SignalAUD/USD 4H Chart Analysis – Capturing the Upside Potential Hello Traders, We’re analyzing the AUD/USD 4H chart where a fresh BUY signal has emerged, pointing towards a potential bullish move. Key Observations: - BUY Signal: A BUY signal was triggered at 0.67046, indicating a possible reversal from the recent downtrend. - TP Zone: The identified Take Profit (TP) zone ranges from 0.67260 to 0.67470. This zone represents a potential gain of approximately 21 to 42 pips from the entry point, offering a solid - Market Structure: The price is currently holding above key support levels, and the market structure suggests that we may see a move toward the TP zone. The setup is supported by recent price action, which indicates a weakening of the bearish momentum as the price approaches these levels. Trading Plan: - Bullish Scenario: If the price continues to move upwards as anticipated, targeting the TP zone between 0.67260 and 0.67470 could yield a favorable return. Traders should watch for any confirmations as the price approaches this area. - Risk Management: We employ a flexible approach to risk management, adapting positions as new signals appear. This strategy allows us to navigate market fluctuations effectively while optimizing entry and exit points. It’s crucial to monitor the ongoing price action and adjust strategies accordingly. Important Note: This analysis serves as a trade idea and should be integrated into your overall trading plan. Always conduct your own analysis to ensure this setup aligns with your risk tolerance and trading strategy. This setup underscores the importance of identifying precise entry points and maintaining adaptability in trading. Stay alert and trade smart!
Long
by TradersJourneys
2
AUD/USD DISCUSSING PROFITS FROM 30thAUD/USD 4H - Thought I would just conclude the analysis that created this trading opportunity back from the 29th August. Yes a specific entry was not given but a full breakdown on the analysis was given. You can look back at posts and you will be able to see that a path was provided with specific areas given that were highlighted as areas of interest with the specific price inside them. This trade took profit for + 112 pips. (+ 11%) 11RR I would consider those as clear indicators on how I want price to play out and I feel it is important that those with the knowledge to mark out areas and set alerts do so when I provide analysis like that. This was a brilliant trading opportunity and it generated enough returns to gain back over a 10th of your account size. A big well done to anyone who did manage to get involved in this position, any questions drop me a message or comment below!
Short
by Lukegforex
FULL AUD/USD BREAKDOWNAUD/USD 4H - Here is a full breakdown on my thoughts with this market and how I feel price will play out over the course of the next few days/weeks. I believe this market is going to be bearish longer term. With that being said you can see from the illustration above that price is currently within a corrective phase and I want to see price trade us back up in a bullish way into an area of interest (Supply Zones). My reason for this is because we have had a higher timeframe break of structure to the downside, this confirms bearish structure as its following those laws, a lower high is often produced after a new lower low. I feel price is trading higher at the moment to set the new lower high, in order for us to find an area to enter we must look at the last impulsive wave for areas of interest, hence my Supply Zones. In order for me to enter, I will need to see price trade into my AOI and break structure fractally to the downside, confirming the end of the current correction and the start of the next impulse.
Short
by Lukegforex
AUD/USD May Rebounds#trading_idea 💡 🦘Pay Attention to #AUDUSD! On the 4H chart, the price is testing the MA(100). The stochastic is coming out of the oversold zone. The Bulls & Bears indicator suggests a possible decrease in bearish strength at the moment. However, the pair is still trading within a downward Bollinger Bands channel. 🔼If the price breaks the MA(100), a rise towards resistance 0.6751 is possible. 🔽Otherwise, retest the support0.6701 is likely. 👋 Show "👍" if you believe the price will increase and "👎" if you believe it will decrease. ➡️GET $20,000 JUST FOR $99
Long
by sabiotrade
AUD/USD steady despite weak GDPThe Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6704 in the European session, down 0.10% today at the time of writing. The Australian dollar took a bath a day earlier, sliding 1.1%, one of the sharpest daily declines this year. Australia’s economy gained a paltry 0.2% q/q in the second quarter, shy of the market estimate of 0.3% and unchanged for a third consecutive quarter. This was the softest pace of growth in five quarters and the small gain was driven by higher government spending as household spending declined. Yearly, GDP climbed 1%, in line with the market estimate and down from 1.3% in the first quarter. This was the lowest annual GDP release since the fourth quarter of 2020. Australia’s economic picture is being described by some local commentators as a “horror show”. This is not a wild exaggeration as GDP is in the doldrums, inflation remains sticky and consumer spending was flat in July. The Reserve Bank has maintained rates at 4.35% since November but inflation hasn’t fallen as quickly as anticipated. The GDP release is unlikely to be a factor at the Reserve Bank of Australia’s next meeting on Sept. 24. The central bank is primarily concerned with inflation and the labor market. Governor Bullock has essentially ruled out a rate cut in the next six months but the markets have priced in a rate cut before year’s end and more cuts in early 2025. Bullock will speak at an event in Sydney early on Thursday and the markets will be looking for some insights from the hawkish Governor regarding future rate policy. There is support at 0.6681 and 0.6650 0.6738 and 0.6769 are the next resistance lines
by OANDA
AUDUSD SHORTS ARE NOT YET READYRemember I have been looking for these shorts since Monday. Then the Monday holiday invalidated the setup, the Tuesday run went without us and now we are still looking into this as a valid cal. However, it is still not yet ready for the decline. This is the 4hr, and I have to see if the lower timeframes provide a buyers call that will take us into there premium array so that we can anticipate the decline in price to come in from there The areas I have marked in red (the red dots) are the breaks in market structure Lmk what your thoughts are #KeepCleanCharts
by LethaboMokoena
AUDUSD Analysis | Waiting for bearish signal?Hi Traders! The Australia dollar held its recent decline to around $0.676 as the greenback strengthened on the latest US inflation reading which prompted traders to pare bets on an aggressive Federal Reserve rate cut. Markets now await a crucial US monthly jobs report this week as the Fed's attention moves from inflation to the labor market. Domestically, investors digested data showing Australia’s manufacturing sector extended its slump in August as high borrowing costs and subdued demand weighed on new orders. On the monetary policy front, markets look forward to the latest remarks from Reserve Bank of Australia Governor Michelle Bullock this week. She said recently that despite signs of easing inflation, it was still “premature” to consider cutting rates. Minutes of the RBA’s last meeting also revealed that policy could stay restrictive for an extended period. TECHNICAL ANALYSIS From a technical point of view, in the short term the pair could be interesting on the bearish side, if we look at the daily chart, we need to see a new low to confirm some selling opportunities. With this in mind, if during today's session but not beyond tomorrow's candle, the pair will trigger another bearish leg, it could be interesting to try to take a short position on a technical rebound, reducing the potential stop loss as much as possible. Let's see what will happen during today's session... Thanks for watching!
Short
by TheAnonymousBanker
8
AUDUSD InsightHello to all subscribers. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe. Yesterday, the U.S. ISM Manufacturing Purchasing Managers' Index (PMI) was announced, coming in at 47.2, a 0.4 increase from the previous month, marking the first rise in five months. However, it fell short of the market expectation of 47.5 and remained below the critical threshold of 50, which separates economic contraction from expansion, for the fifth consecutive month. The fact that the manufacturing sector continues to show signs of contraction has intensified concerns about a potential economic recession, leading to a rise in the U.S. dollar index. Despite this, it seems that market concerns are easing, as there is no significant change in the outlook for a rate cut in September, and these indicators are not expected to lead to any changes in the Federal Reserve's policy. Meanwhile, Australian Treasurer Jim Chalmers has strongly criticized the Reserve Bank of Australia, stating that consecutive interest rate hikes are damaging the economy. However, the Australian bank remains reluctant to lower interest rates. - On September 4, Australia’s Q2 GDP will be announced. - On September 6, the U.S. Nonfarm Payrolls and Unemployment Rate for August will be released. - On September 11, the UK’s July GDP and the U.S. August Consumer Price Index (CPI) will be published. - On September 12, the ECB's interest rate decision and the U.S. August Producer Price Index (PPI) will be announced. The Australian dollar has slightly surpassed its previous high but is now coming down, influenced by resistance levels. It appears that the recent gains have been given up to the 0.67000 level, and there is a possibility of a further decline to the 0.66000 level. The expected movement after that is a rebound from the 0.66000 level, potentially leading to an increase up to the 0.69000 level. If the 0.66000 level is unexpectedly breached, we will establish a new strategy.
Short
by shawntime_academy
AUDUSD - Broadening FormationThe Intraday Chart of AUDUSD reveals a Broadening Formation. This pattern is Bearish. We can see price has successfully formed 3 higher peaks. With each peak forming Divergence on 2 parameters - 1. Volume - as each peak is formed on progressively lower volume. 2. RSI - prints lower on each peak as well. There has been a break of the support level and its retest. Looking for the Aussie to move down next week towards the underlying supply zone at 67 flat.
Short
by Umlingo
2
AUD/USD: Will the Aussie Fight or Take Flight?Alright y'all, let’s break down this AUD/USD situation, top-down style, so everyone from the rookies to the seasoned pros can catch the vibe. Starting with the monthly chart, AUD/USD has been riding a rollercoaster. We saw a strong bullish push recently, but it’s hitting that resistance zone around 0.67990, which has been a significant level historically. The price might be finding it hard to bust through without taking a breather first. With the Heikin Ashi candles showing a bit of hesitation, I wouldn’t be surprised if we see some consolidation or a slight pullback before it decides its next big move. Dropping down to the weekly, we’ve got a similar story. That resistance is holding strong, and the price is starting to pull back, likely testing the support around the 0.67095 level. This is where things get interesting. If we see a bounce off this level, we might get another bullish push towards that 0.67990 area. But if it breaks below, things could get dicey for the bulls, with the next significant support sitting around 0.66780. Now, looking at the daily and 4-hour charts, the pullback is becoming more evident. The 4-hour chart is showing a descending trend line forming, and the price is riding it down. If you’re looking for a trade setup, watch for a break below that 0.67095 support on the 4-hour. A solid close below could give us a clean sell setup with a target around 0.66780, where we might see some buyers stepping in. But don’t sleep on the idea of a bounce! If the price respects that support level and starts breaking above the descending trend line on the 4-hour, we could be looking at a reversal back towards 0.67990. Either way, stay sharp and keep an eye on how price reacts at these key levels. As for my overall bias? I’m leaning bearish short-term unless we see a convincing bounce off support. Keep your risk tight, and let’s see how this one plays out!
Short
by SheenaL
3