Hi fellow traders, AUDUSD is ready to make a move higher from the blue box after completing the correction. Target the 0.6751 level and move your stoploss to break even as soon as we reach the ‘Risk free zone’. Good luck and trade safe!
AUDUSD: In the short term, the AUD has also turned down. Currently located around the 0.6600 support zone. Because this is an important neckline support area as well as touching the EMA 200 H4 frame, we need to observe the price reaction around this area. If AUDUSD continues to penetrate the current price range, it will create a double peak pattern confirming a...
D1 - Downtrend line breakout No opposite signs Expecting short term bullish moves to happen here. H4 - Strong bullish momentum Currently it looks like a pullback is happening. Until the two strong support zones hold my short term view remains bullish here.
FX:AUDUSD A swing buy opportunity on AUDUSD is approaching, after looking at how price has moved in recent time. Giving us enough confidence to swing buy at the right area as we have marked on the chart. Please use accurate risk management to have upmost success in the market. **Please like, comment and follow which will encourage us to bring more...
--------------AUDUSD OBSERVATION-------------- This is just an observation or more precisely said guesstimate. I wouldn't go long on this pair at the moment and still think USD has more upside potential. However it could be a scenario just for fun. So I share it to see what do YOU think of the possibility of such reversal.
The AUDUSD pair is currently forming a Bearish Butterfly Harmonic Pattern (XABCD), a classical harmonic formation that signals potential trend reversals. The critical Point D, known as the Potential Reversal Zone (PRZ), is where the pattern completes, indicating a high probability of a bearish reversal. Confluence Factors: Key Resistance Area: Point D aligns...
Hello, Friends! I hope you have a good day today. AUDUSD arrives at resistance strong zone. RSI bearish divergence has emerged and will be making adjustments soon. The adjustments will be made in my view like this, but I hope you'll be CAREFUL because chart can raise and lower again with a small wave. If it dosen't adjust from the current position, It'll...
Pair : AUDUSD ( Australian Dollar / Swiss Franc ) Description : Consolidation Phase Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
In our comprehensive analysis, we delve into the AUDUSD currently trading into a bearish order block on both daily and four-hour timeframes. The accompanying video elucidates the prevailing trend, delineates the nuances of price movements, and dissects the overarching market architecture. Additionally, I offer a strategic trade proposition for...
A #short trade opportunity recently presented itself on the #aussiedollar (#AUDUSD) #trading chart 📉. This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 0.66462 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell). Sufficient downward momentum...
The Treasurer has previously highlighted the impact of weaker commodity prices, particularly on iron ore - a key Australian export - along with rising unemployment as key factors. to adjust revenue. Australia's unemployment rate hit a two-year high of 4.1% in January. Over the last month, Chalmers has also highlighted concerns about global economic stability,...
Most Asian currencies weakened on Friday, while the dollar steadied in anticipation of key inflation data expected to influence the Federal Reserve's stance on cuts. interest rates. While the dollar's decline overnight - after weaker-than-expected US gross domestic product data - brought some relief to Asian currencies, this was largely offset offset by continued...
AUD USD is currently retesting a major key support level. Waiting for candlestick confirmation patterns to get a sell entry
We expect further downside on this pair, signalled by the formation of a triple-top pattern. We can also see the breakout of a counter-trendline supports our directional basis
Market Overview: At the 4-hour time frame, AUDUSD exhibits a robust Bearish Trendline Channel, suggesting a prevailing downward momentum. Currently, the currency pair finds itself positioned at a crucial residential level, adding weight to the potential bearish outlook. Entry and Stop Loss: Based on the analysis, a strategic entry point is identified at...
The dollar index and dollar index futures steadied above the 102 level on Monday, after recording sharp declines last week. The greenback was beset by comments from Fed Chairman Jerome Powell that the central bank was close to having enough evidence of easing inflation. Powell also made clear that he does not expect inflation to reach 2% to begin considering...
Hello Traders! This is my idea related to AUDUSD H1/ I will set a pending order in the supply area, where I expect the price to go bearish. I will look for a short trade (if I will see the confirmation) in the supply area as this is my area of interest. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments....
In the AUD/USD pair's 4-hour timeframe, a bullish trend appears imminent following the completion of a 5th wave and a breakout from a falling wedge pattern. Entry occurred post-breakout above key resistance levels. Presently, the price action suggests a correction in line with Elliott Wave theory (ABC pattern), potentially signaling further upside momentum in the...