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AUDUSD

AUDUSD Trading Plan - 19/Jan/2022Hello Traders, Hope you all are doing good!! I expect AU to go Up after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Long
by For3xScalper
1
AUDUSD eyes further downside, monthly support line in focusAUDUSD justifies a bearish candlestick formation, namely Gravestone Doji, to post the biggest daily losses in a fortnight the previous day. RSI retreat adds strength to the latest declines, suggesting further weakness towards an upward sloping support line from December 20, around 0.7150. During the pair’s weakness past 0.7150, the 0.7080 level may offer an intermediate halt during the fall targeting the year 2021 bottom surrounding 0.6990. It’s worth noting that the 0.7100 and the 0.7000 round figures may act as additional halts during the fall. Meanwhile, the 100-DMA level surrounding 0.7285 restricts the pair’s short-term upside ahead of the latest swing high near 0.7315. Should AUDUSD bulls keep reins past 0.7315, the bearish candlestick formation gets rejected, which in turn will direct the pair buyers towards the mid-November swing high near 0.7370. During the pair’s sustained run-up beyond 0.7370, the 78.6% Fibonacci retracement level of October-December downside, near 0.7435 and the late October bottom around 0.7450 should entertain buyers. Overall, AUDUSD prices are likely to witness further downside towards the monthly support line but any further weakness will make it vulnerable to challenge the 2021 bottom.
Short
by MTradingGlobal
1
AUDUSD Trend Analysis over H4 Chart.Overall, AUD/USD is ranging across. Recently, AUD/USD bounced down from the key level of 0.72. The Australian Building Approvals m/m data (Actual: 3.6%, Forecast: TBA, Previous: -13.6% revised from -12.9%) released yesterday indicated an increase in the number of building permits issued in November, rebounding from the previous month’s decline. The Australian Retail Sales data (Forecast: TBA, Previous: 4.9%) will be released later at 0830 (GMT+8). Currently, AUD/USD is trading up towards the key level of 0.72. Its next support zone is at 0.71000 and the next resistance zone is at 0.73000. Look for short-term selling opportunities of AUD/USD if it bounces down from the key level of 0.72.
Short
by charliedavies770
AUDUSD bulls eye 0.7370 on inverse head-and-shouldersUpbeat Aussie jobs report and hawkish moves of the Fed, as well as the BOE, pushes RBA towards a rate hike, favoring AUDUSD prices to consolidate losses posted since late October. To convince the buyers, the Aussie pair recently confirmed an inverse head-and-shoulders bullish chart pattern with a clear upside break of 0.7180. As per the theory, the breakout directs the run-up towards the mid-November peak surrounding 0.7370. However, 200-SMA and 78.6% Fibonacci retracement (Fibo.) of November-December moves, respectively near 0.7240 and 0.7290, will precede the 0.7300 threshold to offer intermediate halts during the quote’s further advances. Alternatively, pullback moves remain elusive beyond 0.7170, a break of which will dash the bullish formation. However, AUDUSD sellers will wait for a clear downside past the shoulder 2, around 0.7100, for fresh entries. Following that, 0.7060 and the yearly low near 0.6990 may entertain the bears before highlighting the 61.8% Fibonacci Expansion (FE) level of 0.6945. Overall, AUDUSD is up for further advances during the rest of 2021, unless no surprises pop up.
Long
by MTradingGlobal
AUDUSD Retracement ShortLogic Good Momentum , prices undergoing retracements All Levels Mentioned On Chart How to trade the setup? When the chart says Long or Short at particular level, Put a Stop Order at those levels, Levels are strict T1 : is Target 1 T2 : is Target 2 When you achieve your first target, book profits of 50% and shift the stops to the cost The term Catastrophe Stop, is a maximum movement of price that can happen in opposite direction of trade so that the setup remains valid, Its basically used, to give some breathing space to the trade, I may call for a recovery if the setup becomes invalid as the market progress. As we all know anything can happen in the market and we should respect that At Last, do your own analysis, before trading your money!
Short
by Ankit_1618
AUDUSD drops back to key support on RBA’s YCC pauseAUDUSD slumps 60 pips on the Reserve Bank of Australia’s (RBA) end to the Yield Curve Control (YCC) measures. In doing so, the Aussie pair extends pullback from the 200-DMA, challenging a two-month-old broad horizontal support area between 0.7475 and 0.7450. Given the downward sloping RSI and hawkish hopes from the Fed, the quote may conquer the 0.7450 support to signal further declines targeting the late October’s swing low around 0.7380. In a case where the bearish impulse remains intact below 0.7380, September 24 bottom surrounding 0.7315 will be in the spotlight. On the contrary, September’s peak near 0.7480 guards immediate recovery ahead of the 10-DMA level surrounding the 0.7500 round figure. In a case where AUDUSD bulls keep reins past 0.7500, the 200-DMA and the latest peak close to 0.7555 should gain the market’s attention. Overall, AUDUSD bears need validation from the Fed to extend the RBA-led downside momentum.
by MTradingGlobal
1
AUDUSD teases bullish triangle breakout around 0.7500Upbeat sentiment helps AUDUSD bulls to battle the key upside hurdle around July highs. The buyers are likely to gain from a firmer RSI line, not overbought, as well as bullish MACD signals but 20-SMA and the upper line of the weekly falling triangle’s resistance line, near 0.7500. In a case where the quote rises past 0.7500, the recent top near 0.7545 and the late June’s swing high near 0.7620 should lure the buyers. Meanwhile, an ascending support line from October 10 precedes the stated triangle’s support line, respectively around 0.7470 and 0.7450, to restrict short-term AUDUSD declines. In a case where the Aussie pair drops below 0.7450, the 0.7400 threshold and October 18 low near 0.7380 should return to the chart. Overall, AUDUSD remains on the front foot but a pullback can’t be ruled out.
Long
by MTradingGlobal
AUDUSD: Inverse H&S with Leading diagonal with Third waveAfter falling near the level of 0.74800 AUDUSD has found its bottom near the level of 0.717000. If we observe carefully we can see an inverse Head & Shoulder pattern whose neckline has been broken decisively in today's session. From the perspective of Elliottwave analysis , we can see a Leading Diagonal & a three wave correction followed by a rally above the neckline. It clearly suggest that AUDUSD is rising in its third wave of an impulse 12345. The measured target of the Inverse H&S is coming about to be near the zone of 0.74200-0.74400 which can also be treated as a target for wave 3 . Trading strategy: As long as AUDUSD is maintaining above the level of 0.72270 , one should look for buying opportunity on any minor dip or on cmp for the target zone of 0.74100-0.74400.
Long
by TradingSutra
2