AUDUSD Higher degree - AnalysisOm Namah Shivay
The AUD seems getting stronger in an impulsive manner.
Om Namah Shivay
AUDUSD.10.CFD trade ideas
shot swing trade in aud usd1. wedged breakout
2. supported by a bearish candle pattern
risk to reward 1:3
💡Don't miss the great sell opportunity in AUDUSDTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.76060).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDUSD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Take Profits:
TP1= @ 0.75630
TP2= @ 0.75440
TP3= @ 0.75170
TP4= @ 0.74830
TP5= @ 0.74500
TP6= @ 0.74040
SL: Break Above R2
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AUDUSD stays depressed inside three-week-old falling channelDespite no change in RBA’s interest rate announcement, AUDUSD remains depressed below a short-term bearish chart formation. The reason could be traced from the RBA statement suggesting the downward pressure on the inflation target, which in turn pushed the Aussie central bank to extend the Quantitative Easing (QE) beyond the current expiry of April by the same $100 billion bundle. That said, AUDUSD bears are currently targeting the support line of the stated channel, near 0.7575. However, any further downside is less likely amid market optimism. It should, however, be noted that a sustained weakness past-0.7575 will direct the quote towards late-December bottom surrounding 0.7460.
Meanwhile, a confluence of one-week-old falling resistance line and 200-SMA, around 0.7675, offers a tough nut to crack for the AUDUSD bulls. Also acting as the key upside barrier is the upper line of the aforementioned channel, at .7735 now. In a case where the market’s upbeat sentiment propels the quote beyond 0.7735, January’s multi-month top above 0.7800 will be refreshed.
💡 Don't miss the great sell opportunity in AUDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7668). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 0.7592
TP2= @ 0.7525
TP3= @ 0.7450
TP4= @ 0.7370
TP5= @ 0.7315
SL: Break Above R2
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💡 Don't miss the great buy opportunity in AUDUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.77). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 66.
Take Profits:
TP1= @ 0.7780
TP2= @ 0.7820
TP3= @ 0.7850
SL= Break below S2
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Next move for AUDUSD seems bullishThe continuation of the uptrend is what I can foresee for AUDUSD .
So yes, it may be long for a looong time ;)
Wishing you a happy Monday in advance
AUDUSD - Perfect for shortingI guess finally candles came out of the triangle and it’s again confirmed the downtrend by getting rejected at 200sma. Moreover, 20 sma is also crossing downwards 200sma. So, seems it is perfect condition for shorting. Target will be the last purple line as no obstacles are identified. It should be a free flow. Let’s see.
AUDUSD teases weekly support inside short-term falling channelWith the virus-led risk-off weighing on the Antipodeans, not to forget the surprise drop in the Aussie retail sales, AUDUSD sellers attack an upwards sloping support line from Monday, currently around 0.7733. While expectations of the continuous cautious sentiment favor the pair’s further weakness, the 0.7700 round-figure and lower line of a descending trend channel formation established since January 06, near 0.7650, probe the AUDUSD bears. In a case where the quote remains weak past-0.7650, the 200-SMA level of 0.7630 will be the key to watch.
Meanwhile, an upside clearance of the stated channel’s resistance line, at 0.7780, needs to refresh the monthly top of 0.7819 to regain the AUDUSD bulls’ confidence. Following that, AUDUSD buyers will get a green signal to challenge the March 2018 peak surrounding 0.7915. It should also be noted that the 0.8000 psychological magnet will gain the market’s attention once the pair rises beyond 0.7915.
AUDUSD is still in the long-term uptrend channel.AUDUSD is still in the long-term uptrend channel.
The Australian Dollar (AUDUSD) fell from the high of 0.7820 on January 6 to the low of 0.7659 on January 18. It rebounded in the past two trading days and returned to above the 0.7700 integer.
From the long-term trend and the FED Chairman Powell's dovish attitude, as well as the 1.9 trillion dollar stimulus plan of the new President Joe Biden, the long-term trend of the US Dollar Index is still downward, so the long-term trend of the AUDUSD is upward.
By technical analysis, the AUDUSD is still in the long-term uptrend channel, so it is recommended to Buy operations.
As shown in the figure: it can be buy now (entry market price around 0.7740), or price falling to above 0.7650 support.
Jan.20.2021
Reliability: 3-10 Market Days.
audusd 4h swing point pushing upiam seeing a swing point reversing for top side so i decided to get in at the market at the 15 mins so i thrown my fibonacci at 15 i got my entry my minimum r:r shiould be 2 in this case i have 2+ so i took this trade
AUDUSD eases from weekly resistance inside monthly ascending chaAUDUSD fades the previous day’s upside momentum as risks turn heavy amid the coronavirus (COVID-19) fears. The quote steps back from a downward sloping trend line from last Wednesday while staying inside an ascending trend channel formation established from December 17. Also portraying the bull’s dominance is the pair’s successful trading above 200-SMA. As a result, a short-term pullback towards the channel support of 0.7700 can’t be ruled out. However, any further weakness will direct AUDUSD sellers to attack 200-bar SMA, currently near 0.7550, ahead of highlighting the late December low near 0.7460.
Meanwhile, an upside clearance of the immediate resistance line, at 0.7775 now, will recall the 0.7800 threshold on the chart. Though, any further upside will have to cross the latest multi-month high of 0.7819 before challenging the stated channel’s upper line surrounding 0.7885. If at all the AUDUSD buyers defy the channel formation, by crossing the 0.7885 hurdle, the 0.7900 round-figure will add filters to the further rise. Overall, AUDUSD is well directed to the north but intermediate pullback can’t be ruled out.
