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Audusdidea

AUDUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 01 M > Price faced rejection at monthly resistance and dropped for correction, we expected correction to be near 0.382 Fib level on last monthly bullish impulse however price dropped till monthly resistance now turned supported and moved to the upside. Price returned back to test monthly resistance last week. We can expect a rejection to the downside. W > Price dropped till 0.618 Fib level on weekly bullish impulse for correction. Price has dropped to test this level 5 times since September but unable to break it. We can see bearish divergence. D > Price moved up making HH and HL and we have a strong supply zone now turned as demand zone between 0.7300 and 0.7285 which can pause price in its downward move. We can see a W formation and its neck can be our first bearish target if price breaks the 0.7285 level to the downside. Neck of W also coincides with 0.618 Fib level on last weekly bullish impulse. As per COT AUD saw addition of both Long and Short, improving net positions (now in -ve). We have seen closure of Long and addition of Short in last couple of months, making net positions move from 16K to -05K. AXY ended in a Doji during the said period but strengthened to test monthly resistance again last week, we can expect AXY to weaken this week. 4H> We can see rejection to the downside with price creating a LL and LH, creation of next LL will confirm trend reversal to bearish. Pair Correlation > AUDUSD has positive correlation with NZDJPY, NZDUSD, AUDJPY, AUDCHF and NZDCHF and negative correlation with EURAUD and EURNZD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
AUDUSD long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
AUD/USD New Up Trend started.Currently, AUD/USD is trading at 0.7356. The pair is trading at its 2 Months high and can touch its resistance zone soon. As the price has just breached its resistance level at 0.7340 and started a new up trend. The entry price was at 0.7340 and it can again come back to its entry price. Its target price is at 0.7409 and stop loss price is at 0.7300. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
AUDUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Price faced rejection at monthly resistance and dropped for correction, we expected correction to be near 0.382 Fib level on last monthly bullish impulse however price dropped till monthly resistance now turned supported and moved to the upside. W > Price dropped till 0.618 Fib level on weekly bullish impulse for correction. Price has dropped and tested this level 5 times since September but unable to break it. D > Price has faced rejection at weekly resistance level and we can expect a drop. We can see a W formation and its neck can be our first target. As per COT AUD saw further closure of Long and closure of Short, reducing net positions (now in -ve). We can see closure of Long and addition of Short in last couple of months, making net positions move from 16K to -08K. AXY weakened during the said period but recovered slightly last week. 4H> We can see trend reversal to bearish with price creating LH and LL and it has now returned back to test previous resistance as support. Pair Correlation > AUDUSD has positive correlation with AUDJPY, AUDCHF and NZDJPY and negative correlation with EURAUD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
1
AUD/USD Technical analysis.Currently, AUD/USD is trading at 0.7308. The pair was traded in an upward trend for some time and now it is consolidating after rebounding back from resistance zone. The pair might start a new up trend if it breaks the 0.7330 level, but it can also consolidate further before breaking that price level. If the price starts a new up trend, then its target price will be at 0.7410. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
AudUsd SHORT more LikelyWhat we see is clear, Price making new LH and LL, we wait to break first support then we enter consolidation area which will make price to bounce in this area for a while more importantly we wait to confirm our position with bearish Patterns in lower TFs in each Scenario. Scenario 1 📉🟥 Scenario 2 📉🟥 Scenario 3 📈🟦 ‼️(Red Circles are the please to enter to each Scenario)‼️ Lets see which way price going to choose then we jump in to each scenario 👁👁 any question you can send message @FxShzd by Tlgrm or Instgrm GOOD LUCK Everyone
by FxShzd
AUDUSD - SHORTAUDUSD - we saw a test of the lows around 0.70 then bounced back up to 0.7133 . We are fast approaching the 0.7140 downward trend line and sell zone. We could head past the trend line in the short term with all the current swings we are experiencing and I will therefore sell another clip around 0.7175 if we get there. However, if we do manage to stay below the 0.7140 trend line and 0.7152 fibbo resistance, the pair could see further momentum to the downside. Fundamentally, this asset responds negatively to volatility and a risk off mood that we could experience towards the US election. The markets are pricing in a blue wave and USD extremely weak at the moment, I do believe this could change and we could see some risk off mood over the election causing downward pressure on this pair! Entry: 0.7133 TP: 0.6980.
Short
by WhosPipsAreTheseAnyway
AUDUSD Top-Down Analysis (Long then Short)Hello Traders, Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 45 - Nov 02 M > Price faced rejection at monthly resistance and dropped for correction, we expect correction to be near 0.382 Fib level on last bullish impulse. We saw a W formation and expected price to drop till the neck which price did to complete the formation. W > Price dropped till 0.618 Fib level on weekly bullish impulse for correction. We saw M formation and price moved up to test its neck and complete the formation. Price in fact moved beyond the neck. D > Price has dropped to test weekly support thrice now, however we can see loss of momentum odd Doji candle in between. Price is now testing support at demand zone. As per COT AUD saw closure of both Long and Short, improving net positions. AXY gained some lost position during the said week but dropped to test support level again last week. Any break further to the downside will be interesting opportunity to watch out for. 4H> We can see an M formation and also bullish divergence. We can expect price to rise up to gather liquidity before making an attempt a break to the downside. Pair Correlation > AUDUSD has positive correlation with AUDJPY, NZDJPY, Gold, Silver and AUDCHF and negative correlation with EURAUD. Thank You AP17FX
Long
by AP17FX
AUDUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 26 Oct M > Price faced rejection at monthly resistance and dropped for correction, we expect correction to be near 0.382 Fib level on last bullish impulse. We saw a W formation and expected price to drop till the neck which price did to complete the formation, also hitting Target 1 as per our last analysis. Neck of W is on way to 0.382 level. W > Price dropped till 0.618 Fib level on weekly bullish impulse for correction. We saw M formation and price moved up to test its neck and complete the formation. Price in fact moved beyond the neck. D > Price dropped last week to test neck of W formation again and faced rejection. It created double bottom before moving upwards. On its way down price created an M formation and has completed it with last rejection to the upside. Price is currently on its way up to test daily supply zone, rejection at this level to the downside will create a H & S formation. As per COT AUD saw closure of more Short than Long positions, improving net positions. AXY weakened during the said week but gained some lost position last week. 4H> After rejection price is moving up creating HH and HL. Price is approaching daily supply zone and we expect price to move up before reversing for downward move. Pair Correlation > AUDUSD has positive correlation with AUDJPY, NZDJPY, AUDCAD, AUDCHF and Silver and negative correlation with EURAUD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
2