Trade Setup for AUD/USDAUD/USD is currently declining from a significant supply zone. Moreover, the price has recently breached a key market structure level to the downside. The entry strategy for this trade involves a breakout followed by a retest.Shortby OfficialUBKFX3317
AUDUSD BEARISH IMPULSE Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. AUDUSD BEARISH IMPULSE. 📚 👉As we can see price is still trading inside this bearish channel, where we are interested in looking for new shorts, specially price is sitting around a resistance zone. 👉Meanwhile, and as per my trading style, I will be zooming into lower time frame to be looking for any bearish reversal pattern, to be confirming our bearish movement. Unless price managed to trade again higher, then we will be looking for new shorts around our upper falling trendline. 📚 If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!Shortby Hadi_karaali2221
Technical Analysis for AUD/USD on a H21. Current Trend: The AUD/USD pair is currently exhibiting a slight uptrend on the 2-hour chart. Trendlines: A trendline can be drawn from the recent lows of 0.6700 to the higher lows of 0.6750, indicating an upward trend. 2. Immediate Support: The nearest support level is at 0.6750, which has been tested multiple times recently. Immediate Resistance: The nearest resistance level is at 0.6800, a psychological level that the price is currently testing. Secondary Support: Another support level can be identified at 0.6700. Secondary Resistance: A higher resistance level is at 0.6850. 3. Moving Averages 50-period SMA (Simple Moving Average): The 50-period SMA is currently below the price, around 0.6760, indicating support and confirming the uptrend. 200-period SMA: The 200-period SMA is further below, around 0.6720, acting as a long-term support. Indicators Relative Strength Index (RSI): The RSI is currently around 60, which is in bullish territory but not overbought, suggesting there is still room for upward movement. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, indicating bullish momentum. The histogram also shows positive bars, confirming the uptrend. Candlestick Patterns Recent Candles: The recent candles show higher highs and higher lows, reinforcing the uptrend. There was a bullish engulfing pattern formed two sessions ago, which adds to the bullish sentiment. Volume Analysis Volume Trends: The trading volume has been slightly increasing during the upward movements, suggesting that the uptrend is backed by sufficient buying interest. Fibonacci Retracement Levels Recent Swing High to Low: Applying Fibonacci retracement from the recent swing high of 0.6850 to the swing low of 0.6700: 38.2% Retracement Level: 0.6756 (acting as support) 50% Retracement Level: 0.6775 61.8% Retracement Level: 0.6793 (close to the immediate resistance of 0.6800) Conclusion and Trading Strategy The AUD/USD pair on the 2-hour chart is showing a bullish trend supported by various technical indicators and analysis. Key points to consider: Buy on Dips: Given the uptrend, look for buying opportunities on dips around the support levels of 0.6750 and 0.6700. Target Levels: The immediate target is 0.6800, followed by 0.6850 if the price breaks above the immediate resistance. Stop Loss: A stop loss should be placed just below the support level of 0.6700 to manage risk. Risk Management Ensure to use proper risk management strategies by not risking more than 1-2% of your trading capital on a single trade. Monitor the RSI for overbought conditions to avoid entering at the top.Longby The_Golden_Path4413
AUDUSD Medium-term sell signalThe AUDUSD pair has been trading sideways since the May 16 High, supported by the 1D MA50 (blue trend-line). The dominant pattern has been a Triangle going back to the October 13 2022 market bottom and the current consolidation is taking place right at the top (Lower Highs trend-line) of the pattern. As you can see, this is quite similar to the Q2-Q3 2023 price action, which after the Triangle top rejection, it declined below the 1.236 Fibonacci extension. Even the 1D RSI sequences between the two fractals look similar. As a result, we turn bearish on this pair, targeting 0.63450 (Fib 1.236 ext). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot1113
AUDUSD TRADE SETUPWait for retest the key level then take a trade for Sell otherwise skip this setupShortby JinnatAlamSumon119
such an optimistic analysis for Ausie dollarfew words to share, I guess my analysis is quite clear and understandable however I voluntarily wanted to share my entry before hand so you can all keep up with what I think about the future for this current asset.Shortby Lordemerson227
AUDUSD (SHORT)I vote to enter at this level because of SNR level and market trending. Kindly please help to filter with your own analysis. I don't have time to argue. Just keep it SIMPLE Shortby SyedMuhammadFalah115
AUDUSD BullsAUDUSD looks bullish as it looks to complete inverse head and shoulder pattern.Longby WealthCreationFX224
AUDUSD buy opportunity Price reaches level of support on the 4h time frame Buying opportunity You got this!Longby EleazarahmathUpdated 2223
CHART BREAKDOWN AUDUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential supply zone (low-risk sell zone) spanning from 0.6693 to 0.6699. Additionally, one low-risk buy zone between 0.6581-0.6577, respectively, is highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 0.6693 and 0.6699, serving as a low-risk sell. Important Demand Zone🟢: Identified between 0.6581 and 0.6577, serving as a low-risk buy. Bullish Targets📈: 0.6608: Possible retracement area. 0.6632: Possible retracement area. 0.6655: Possible retracement area. 0.6693: Significant supply zone. 0.6704: Liquidity area. Bearish Targets📉: 0.6655: Possible retracement area. 0.6632: Possible retracement area. 0.6608: Possible retracement area. 0.6581: Essential Demand Zone Ultimate Target: 0.6577- Laying Low Liquidity What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.by TTradessss116
AU pullback and continuationAU Is creating a descending megaphone. Im expecting price to rebound up then go down to complete the pullback to H4 support on completion on ABC corrective waveLongby Chathifriends13
AUDUSD, getting ready for flight to 0.70.AUDUSD is registering huge net buy volume on the weekly data suggesting a shifting trend to the upside long term. Higher lows on weekly histogram and pricing has been created cementing the current range as the new base for the series of price growth. It is now sitting at 61.8 FIB LEVELS -- an area where buyers converge. Expect more upside valuation for the pair in the near term. Spotted at 0.6650 TAYOR Safeguard capital always. Longby JSALUpdated 4429
AUDUSD - Basic Fibo retracementBasic fibo reversal trades based on 2 entries 1st entry: Fibo 0.5 level - RR 1:3.2 - Risk: 100$ 2nd entry: Fibo 0.618 level - RR 1:7.6 - Risk: 100$ Total Risk: 200$ Total Profit: 1000$ Total RR 1:5Longby KaracTradeUpdated 113
AUD/USD swing trade setup This AUD/USD pair could completed its correction already Wave (1) = diagonal Wave (2) = complex correction W-X-Y (expanded triangle) Wave 1-2 (expanded flat completed last night 26/6/2024) of 3 If this wave count is valid, possible short term target (days-weeks) are 1) 0.68 2) 0.694 Price should not go lower than 0.664 If it goes lower than 0.658 -> this idea will be invalidated Looking at DXY, this bullish idea may be possible Editors' picksLongby UNRPPUpdated 1112
AUDUSDAUDUSD is currently in its range, so we'll look for sales on the top and cats on the bottom of the rangeShortby MCY-TRADING118
What ifThe silver zone has been broken many times. I don't think it will hold this time either. I expect it to turn into a support level, causing the price to drop to fill large orders before choosing a new trend direction.by narxyn112
Short Aussie dollar. Price is at a weekly and monthly high and I hate to share my reasoning confluences. Trade what you see at your own peril. This serves as a guide as you go solely on your own analysisShortby lmddube1221
CHART BREAKDOWN AUDUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential supply zone (low-risk sell zone) spanning from 0.6693 to 0.6699. Additionally, one low-risk buy zone between 0.6581-0.6577, respectively, is highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 0.6693 and 0.6699, serving as a low-risk sell. Important Demand Zone🟢: Identified between 0.6581 and 0.6577, serving as a low-risk buy. Bullish Targets📈: 0.6608: Possible retracement area. 0.6632: Possible retracement area. 0.6655: Possible retracement area. 0.6693: Significant supply zone. 0.6704: Liquidity area. Bearish Targets📉: 0.6655: Possible retracement area. 0.6632: Possible retracement area. 0.6608: Possible retracement area. 0.6581: Essential Demand Zone Ultimate Target: 0.6577- Laying Low Liquidity What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.by TTradessss116
AUD/USD Surges on Inflation News in AustraliaAUD/USD Surges on Inflation News in Australia This morning, the Consumer Price Index (CPI) figures for Australia were released – according to ForexFactory, the annual CPI stood at 4.0% (expected = 3.8%, previous = 3.6%). As Bloomberg reports: → Rent was the main driver of inflation due to a housing shortage. → The spike in inflation increases the risk of an RBA rate hike (a decision might be announced on 5th August). → Following the release of the high CPI figures, the AUD/USD exchange rate surged by 0.6%. Moreover, the news from Australia could be a harbinger of a new wave of inflation that may manifest in other countries as well. Technical analysis of the 4-hour AUD/USD chart shows that: → Since May, the price has formed a range (shown by blue lines) with a slight upward tilt. → If we assume that this range represents a bull flag pattern, we might soon see a breakout in an upward direction. → The bull flag hypothesis is supported by Fibonacci proportions: the B→C decline found support at the 0.618 level of the A→B rise. The dominance of bulls in the AUD/USD market today is indicated by the following: → The price is above the upward-sloping EMA (100). → The price has broken through the local resistance at 0.667, which can now be expected to act as support. However, the upper boundary of the blue range appears strong (as it slowed down the price increase after the CPI release), and it is possible that the bulls may need another fundamental driver to break through it. Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen. 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 FXOpen116
AUDUSD - Basic Fibo retracementAUDUSD is not my favorite pair but the setup is undeniable :) We made the hit trade today with Eurchf, save your profits, spend less on this trade. It's friday, go into weekend with a peace of mind. We will be looking into sells if the price retraces here with a high preassure to our limit orders as in the next 2-3 hours, till NY open. Basic fibo reversal trades based on 2 entries 1st entry: Fibo 0.5 level - RR 1:3.2 - Risk: 100$ 2nd entry: Fibo 0.618 level - RR 1:7.6 - Risk: 100$ Total Risk: 200$ Total Profit: 1000$ Total RR 1:5 Shortby KaracTradeUpdated 220
CHART BREAKDOWN AUDUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential supply zone (low-risk sell zone) spanning from 0.6693 to 0.6699. Additionally, one low-risk buy zone between 0.6581-0.6577, respectively, is highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 0.6693 and 0.6699, serving as a low-risk sell. Important Demand Zone🟢: Identified between 0.6581 and 0.6577, serving as a low-risk buy. Bullish Targets📈: 0.6608: Possible retracement area. 0.6632: Possible retracement area. 0.6655: Possible retracement area. 0.6693: Significant supply zone. 0.6704: Liquidity area. Bearish Targets📉: 0.6655: Possible retracement area. 0.6632: Possible retracement area. 0.6608: Possible retracement area. 0.6581: Essential Demand Zone Ultimate Target: 0.6577- Laying Low Liquidity What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.by TTradessss9
AUD/USD Pulls Back Despite Higher-Than-Expected Inflation DataThe AUD/USD pair has given up some of its intraday gains after reaching close to 0.6690 during Wednesday’s European session. The Australian Dollar is struggling to maintain its rally, which was initially sparked by hotter-than-expected Australian monthly Consumer Price Index (CPI) data for May. The latest CPI data revealed that inflation pressures surged, with prices growing at a robust pace of 4.0%, surpassing the forecast of 3.8% and the previous reading of 3.6%. The report highlighted significant price increases in fuel, food, electricity, and rentals, which have all contributed to the heightened inflationary pressures. From a technical perspective, having successfully closed our previous profitable trade on AUD/USD, we are now looking for another opportunity. We are targeting a pullback within the 38.2% to 61.8% Fibonacci retracement area for a new long position, adopting a conservative approach to this potential setup. Previous Winning Forecast: Longby FOREXN1119
AUDUSD RESITANCE BOUNCEPair: AUDUSD Timeframe: 1H Analysis: Trend line, volume profile , support and resistance, trend break, reversal ————— Key Takeaway: Seen a great bearish reaction from our dynamic resistance and trend line. Will wait for a good drastic bearish reaction from this level before entering short. ————— Level needed: need a close bellow 0.66660 ————— Trade: SHORT RISK:REWARD 1:8 SL: 0.66770 TP: 1.66194 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATIONShortby TheGoldRoom3326