AUDUSD is forming a bearish flag pattern on the daily time frame. The bearish flag pattern suggests a temporary pause in a downtrend before a potential continuation of downward momentum. Traders should anticipate further bearish pressure in the coming weeks based on this pattern. The bearish sentiment is strengthened by the inverse correlation between AUDUSD and...
Prices advanced in five waves from 0.6477 to 0.6667. This wave pattern is significant because impulse waves identify the direction of the larger trend. Thus, the five-wave advance in AUDUSD implies further buying to come that would push prices above 0.6667 as wave (iii). The subsequent decline that is developing in three waves supports this analysis. Counter trend...
AUDUSD stays on the way to posting a second consecutive weekly loss while reversing the post-FOMC rally. In doing so, the Aussie pair portrays a U-turn from an 11-week-old horizontal resistance surrounding 0.6640 amid a pullback in the RSI (14) line from overbought territory and a looming bear cross on the MACD. Also keeping the pair sellers hopeful is the clear...
Potential AUDUSD Sell ahead of the FOMC meeting. Potential TP levels are +2.5R and +4.2R.
AUDUSD PRICE will be DOWN FALL TILL AT 0.06562 take A SHORT ENTRY as shown in the picture
Trade logic 1- daily bearish 2-retest at 15m done downside 3-break of previous day low wig. 4-rejection fib level0.5 at h TF Manage your risk properly. let see where it goes . target to the lower side liq.
upward movement would be anticipated from the zone below which corresponds with the lower green line caution : this week is the time for both central banks for rate meeting mind their effect #triggerpriceaction
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
AUDUSD appears well-set for biggest weekly loss in seven while extending the previous week’s U-turn from a 3.5-month-old horizontal resistance area surrounding 0.6675-80. The Aussie pair currently pokes the 200-SMA support near 0.6565 amid an impending bear cross on the MACD and a retreat in the RSI (14) line, which in turn suggests slower grind toward the south....
Aussie-dollar trend in recent times has violated the characteristics of a proper downtrend. Looking at the 1W TF, there was a lower high (LH) and lower low (LL) seen on April 4 and October 10 2022 respectively. Price rallied to the Willis zone at Fib 0.5 to 0.61 on January 30 2023 and plummeted downwards with an expected target of 0.61900 completing a 100%...
In this technical analysis, we dissect the recent breakdown of the head and shoulders pattern on the AUD/USD currency pair, signaling a potential bearish trend reversal. We examine key levels, indicators, and price action, providing insights for traders looking to capitalize on short-side opportunities in the market. Stay informed and navigate the foreign...
AUD/USD: This is a Forex currency pair that represents the exchange rate of the Australian Dollar (AUD) against the US Dollar (USD). Traders often analyze this pair to make trading decisions based on the economic conditions and geopolitical factors affecting both countries. Flag Pattern: In technical analysis, a flag pattern is a continuation pattern that forms...
Set a limit for AU sells but price hit SL DO NOT take any of my trades they are for personal record
There is a strong demand zone, which I drew in green colour. if the price touch the zone and and give a bullish signal, like bullish candlestick pattern, then we can enter for a long trade. our target will be 0.65315 and SP 0.64873.
Just traded reversal probability of audusd comformed by good volume
FOREXCOM:AUDUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if...
The Fed left interest rates unchanged as expected at the last meeting while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut. The US CPI beat expectations for the second consecutive month with the disinflationary trend reversing. The US PPI beat expectations across the board by a big margin. The US Jobless...
AUDUSD Technical Analysis According Lone Because, AUDUSD Falling wedge or Descending Trend Line Breakout or Retest Complete.