AUDUSD can move lower? 🦐AUDUSD on the 4h chart show us a very technical market the price in fact after the break of the ascending channel perfectly retested the weekly structure at the 0.5 Fibonacci area and moved to the daily support.
How can i approach this scenario?
I will wait for a break below the daily structure and in that case i will for a nice short order according to the Plancton's strategy rules.
–––––
Follow the Shrimp
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Aud-usd
RBA Interest Rate Decision Prep From the last 3 RBA meetings (June, July & August) the decision to increase interest rates by 50bps resulted in a drop in AUDUSD (typically an interest rate hike should see the currency appreciate)
This move is likely due to the effect of a priced-in scenario where the decision had been signaled by the RBA and much anticipated by the market.
With the upcoming interest rate decision expected to present a 50bps rate hike again, the AUDUSD could reject the 0.6845 resistance level to trade lower towards the 0.6760 support level.
AUDUSD Potential Bearish Continuation!In Today's trading session we will be monitoring AUDUSD for a Selling opportunity in and around 0.68 area. Once we get a Bearish confirmation the trade will be executed and shared with our premium subscribers.
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AUDUSD 4hour Analysis September 5th, 2022AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking super bearish on AU and looks like price action will continue with this trend.
We recently broke below our 0.68500 level and will look to continue short. The most likely scenario is price action rejects 0.68500 with strong bearish setups to enter on.
Look to target lower toward 0.67000.
Trade scenario 2: For us to consider AU bullish again we need to see a break above 0.68500 with a confirmed higher low above.
AUDUSD Potential for Bearish DropOn H4, with the price moving below the ichimoku cloud and trendline, we have a bearish bias that the price may drop from the sell entry at 0.67648, where the swing lows are to the take profit at 0.67086, which is in line with the significant swing low. Alternatively, the price may rise to the stop loss at 0.68287, where the 23.6% fibonacci retracement is.
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AUDUSD Potential for Bearish Momentum | 5th September 2022On the H4, with the price moving below the ichimoku cloud and moving within the descending channel, we have a bearish bias that the price may drop from the sell entry at 0.67619, which is in line with the multiple swing lows to the take profit at 0.67098, where the swing lows are. Alternatively, the price may rise to the stop loss 0.68286, where the 23.6% fibonacci retracement is.
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AUDHELLO GUYS THIS MY IDEA 💡ABOUT AUD USD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
NonFarmPayroll Prep (AUDUSD)NFP analysis for the first Friday of the month! The expectation is for an increase of 295K with last month released at 528K (The previous month's forecast was 250K). And relatively unchanged in terms of the unemployment rate and average hourly earnings. If the data is released better than expected, the USD should strengthen.
The AUDUSD is currently retracing from the overnight's move lower, with price currently at the 0.68 level.
If the DXY strengthens, look for price to close below the 0.6725 level before a sustained move to the downside, towards 0.6680 support level.
But if the data fails to surprise or the DXY weakens, the AUDUSD could climb higher towards the 0.6843 level. Not idea to try buying the AUDUSD to the upside. Would be better to stay out.
AUDUSD Potential for Bearish Momentum | 2nd September 2022On the H4, with the price moving below the ichimoku cloud, moving within the descending channel and MACD indicators are below zero, we have a bearish bias that the price may drop from the sell entry at 0.67749, which is in line with the swing low to the take profit at 0.67088, where the swing lows are. Alternatively, the price may rise to the stop loss 0.68614, where the overlap resistance and 23.6% fibonacci retracement are.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDUSD Next Possible MoveTechnical Analysis Chart Update
AUD/ USD( Australian Dollar / U.S Dollar )
Time Frame - H4
BEARISH CHANNEL Pattern in Long Time Frame #LTF
FALLING WEDGE Pattern in Short Time Frame #STF and Rejection from the Lower Trend Line #LTL
Strong Support Level
Strong Buying Divergence in #RSI
AUDCAD - Weak AUDAUDCAD.
With AUD showing weakness, and the pair starting a bearish impulse, we are likely to see further decline in the coming weeks. The drop is expected to be sharp as a part of wave 3. Price moving back upside to wave 2 level would be an invalidation for the bearish wave count.
The analysis is based on the Elliott Wave Theory. Manage risk while trading.
AUDUSD Potential downsides as a Strong NFP is expected tomorrow!Hey traders, as we expect strong NFP numbers we see some potential for USD to perform strong against Commodities and weak currencies like EURO and GBP, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.687 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
AUD/USD breakdown underway after long hibernation?AUDUSD looks to be breaking neckline support at 0.6837, which may set the stage for a test of downside thresholds at 0.6765 and 0.6678. Near-term, neutralizing selling pressure might demand re-establishing a foothold above 0.6872. From there, another challenge of the 0.70 figure could follow.
AUDUSD M30: Bearish outlook seen, further downside below 1.0040On the M30 time frame, prices are facing bearish pressure from the resistance zone at 0.68500, in line with the Fibonacci confluence levels where a pullback to this zone could present an opportunity to play the drop to our next support target at 0.6780. Prices are holding below the Ichimoku cloud as well supporting the bearish bias.
AUD / USD Next Move 30- AugustTechnical Analysis Chart Update
AUD / USD ( Australian Dollar / U.S Dollar )
Time Frame - M30
We have BULLISH CHANNEL Pattern in Both Short Time Frame #STF and Long Time Frame #LTF as well
It has Breakout the Lower Trend Line #LTL and completed its Retest
We Need Strong Bearish Price Action for Sell
AUD/USD Outlook (30 August 2022)AUDUSD traded significantly lower on Friday as the DXY strengthen causing the AUSDUSD to reject the 0.70 price level and the diagonal downward trendline.
The price fell to test the support level of 0.6840 before bouncing to the upside. Look for the AUDUSD to climb towards the 0.6920 price level and if the price does climb beyond that, the price could test the diagonal trendline again. Look for a rejection of the levels to signal a continuation of the downtrend.
Look for selling opportunities taking price lower towards the next key support levels of 0.68 and 0.67
AUD/USD Short Position(H&S DETECTED!)Hello Traders
Last week after Powell's Speech and due to market speculation, USD got strength.
So why Short AUD/USD:
1- Right now, Sentiment around the USD is bullish.
2- Price is moving inside of a big descending channel.
3- Also price made a Lower high which indicates a bearish trendline.
4- Possible Head and Shoulder pattern detected.
If you like it then Support us by Like, Following and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
AUDUSD on a bullish move 🦐This currency pair after the recent low started an uptrend move where the market clearly tested the 0.5 and the 0.618 Fibonacci level.
The 0.7000 zone is surely a strong level and we will check if the bulls will have enough strength to break above.
How can i approach this scenario?
I will wait for a potential break above the resistance area and in that case i will look for a nice long order according to the Plancton's strategy rules.
–––––
Follow the Shrimp
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger