AUDUSD It is It is on demand, from here upward momentum can be seen, risk can be taken, This is a good setup.
USDAUD trade ideas
AUDUSD stays on the way to 0.6850 hurdle despite downbeat ChinaAUDUSD prints mild losses while snapping a four-day winning streak and paring the previous gains from a five-week uptrend after China reported downbeat Gross Domestic Product (GDP), Industrial Production, and Retail Sales early Monday. Even so, the Aussie pair defends last week’s upside break of a four-month-old ascending resistance line, now immediate support at 0.6750. The RSI (14) line’s retreat from overbought territory suggests the quote’s additional weakness, but the bullish MACD signals can join the trend line breakout to keep buyers hopeful past 0.6750. It’s worth noting, however, that the pair’s daily closing beneath 0.6750 will direct bears toward May’s peak of 0.6714. Following that, a 61.8% Fibonacci retracement of the June-October downside, near 0.6660, will precede the 200-day Exponential Moving Average (EMA) level of 0.6605 to act as the final defense of the buyers.
On the contrary, the AUDUSD buyers keep the reins beyond 0.6750 and can aim for the 0.6800 threshold for the short term. However, a downward-sloping resistance line from June 2023, close to 0.6850, quickly followed by the late 2023 high of 0.6870, appears tough nuts to crack for the bulls. In a case where the Aussie pair remains firmer past 0.6870, the odds of witnessing a run-up beyond the mid-2023 peak of 0.6900 will be certain, which in turn highlights the 0.7000 psychological magnet for the bulls.
Overall, AUDUSD buyers can ignore the latest retreat unless the quote stays beyond 0.6750.
AUDUSD view!The Australian Dollar recovers its losses as soft US inflation data raises expectations of Fed reducing rates. China's Trade Balance for June came in at $99.05 billion, widening from the previous figure of $82.62 billion. Fed’s Goolsbee stated that the US economy appears to be on track to achieve 2% target inflation.
AUD/USD Long Position SetupMarket Overview:
In the 15-minute timeframe, the AUD/USD pair has shown a clear Break of Structure (BOS) to the upside, indicating a potential bullish momentum. The price has recently broken above the previous high, confirming the BOS. We are now observing a retracement to the demand zone, which aligns with our entry criteria.
Entry: 0.67450 (Upon confirmation of price action in the demand zone)
Stop-Loss (SL): 0.67313 (Below the demand zone to protect against a false breakout)
Take-Profit (TP): 0.67650 (Targeting the next significant resistance level)
Recommendation:
This setup offers a favorable risk-to-reward ratio. Traders should monitor the price action as it approaches the demand zone for entry confirmation. Ensure to manage risk appropriately and adjust the stop-loss to break even once the trade is in profit.
Happy trading!
AUD/USD 4-Hour Chart AnalysisThis chart shows the AUD/USD currency pair on a 4-hour timeframe. The price has reached a sell zone at around 0.67800 and is expected to decline towards the liquidity zones marked on the chart. The analysis highlights key levels of liquidity and a potential break of structure (BoS) around the 0.66600 level. The chart suggests a downward movement towards the 0.65600-0.65400 area, where the next significant liquidity zone is located.
Technical Analysis of AUD/USD - July 8Trend Analysis:
On H4, H1, and M15 timeframes, the market is in an uptrend.
Trading Strategy:
Entry Point: Look for buying opportunities at the M15 demand zone. Place your stop-loss below this zone.
Scenario 1: If the price breaks the M15 demand zone convincingly, anticipate a move towards the H1 demand zone.
Scenario 2: Once the price reaches the H1 demand zone, set up a new trade following the trend direction indicated by the M15 timeframe.
FX:AUDUSD
AUDUSD 1D Timeframe ProjectionAUDUSD 1D Timeframe Projection.
Daily and Weekly trends are Bullish.
DISCLAIMER: All labelling and wave counts are done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't be bias, hope on my trade plans...try to learn, and make your strategy... Following is not that easy...
AUDUSD Major POI!The worries surrounding the French election results saw EUR/USD open with a gap lower at 1.0800 earlier today. But the pair is keeping its upside bias, with buyers staving off a test of the figure level and the key daily moving averages at 1.0794-97. That allowed for a modest bounce with the pair now hovering around 1.0830 levels on the day.
AUDUSD Major POI!The worries surrounding the French election results saw EUR/USD open with a gap lower at 1.0800 earlier today. But the pair is keeping its upside bias, with buyers staving off a test of the figure level and the key daily moving averages at 1.0794-97. That allowed for a modest bounce with the pair now hovering around 1.0830 levels on the day.
Weekly Elliott-Wave Analysis XAU/USD(Gold), Bitcoin, USD/JPY, AUHow to trade like a Pro.
Bitcoin was sold near 57500 with SL 58500 and my target is near 48K.
YOu can add a position on each bounce with manage risk and get a 1:100 Risk reward.
AUDUSD MULTI TIME FRAME ANALYSISHello 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 strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
The Ace in the AUSWe did express that yesterday.
Broke the top.
Now 0.6690-0.6700 holds for move in the 0.6750 area.
Any surprise close above 0.6820 warns of larger upside attack than otherwise, some seeds being sown in this direction.
Near term 0.6700-0.6750 15 pip either way bias to buy dips
AUDUSD drops within a symmetrical triangle after RBA MinutesAUDUSD extends the week-start losses toward 0.6600 as Minutes of the latest Reserve Bank of Australia (RBA) Monetary Policy Meeting fail to inspire the bulls despite pushing back the odds of rate cuts, especially backed by the recent upbeat Australian inflation clues. It’s worth noting, however, that the 200-bar Exponential Moving Average (EMA) and a fortnight-old rising support line, respectively near 0.6645 and 0.6630, restrict the short-term downside of the Aussie pair within a two-month-old symmetrical triangle formation, currently between 0.6700 and 0.6585. Given the normal RSI conditions and the sluggish MACD signals, the quote is likely to remain chopped within the stated triangle. Even so, increasing odds of the US Dollar’s run-up on hawkish Fed Minutes and the upbeat US jobs report keep the sellers hopeful. That said, a clear downside break of 0.6585 makes the pair vulnerable to slump toward a 2.5-month-old horizontal support zone surrounding 0.6455-65.
On the contrary, AUDUSD buyers need validation from the downbeat US data/events, as well as the previously stated triangle’s top-line surrounding the 0.6700 threshold, to retake control. In that case, the yearly high marked in May around 0.6715 acts as an extra filter toward the north before fuelling the Aussie prices toward the late 2023 peak of around 0.6870. It should be observed that the 0.6800 round figure and the mid-2023 tops near 0.6900 will also challenge the quote’s advances ahead of highlighting the 0.7000 psychological magnet.
Overall, the AUDUSD pair is likely to remain depressed within a short-term triangle formation ahead of the key US data/events.
AUDUSD bulls attack six-week-old on strong Australian InflationAUDUSD jumps nearly 50 pips after Australia’s monthly Consumer Price Index (CPI) for May rose the most in six months early Wednesday, up 4.0% MoM versus 3.8% expected and 3.6% prior. However, a downward-sloping resistance line from mid-May, close to 0.6680 by the press time, joins sluggish MACD signals and unimpressive RSI conditions to challenge the Aussie pair buyers. Even if the quote manages to cross the 0.6680, a 5.5-month-long falling resistance line surrounding the 0.6710 and 0.6730 mark will be the final defenses of the bears before giving control to the bulls targeting the 0.6800 threshold and the late 2023 peak of 0.6870.
Conversely, the weekly low of near 0.6625 will challenge the AUDUSD sellers during the pair’s fresh fall. Following that, the 100 and 200-day Exponential Moving Averages (EMAs) might act as tough supports near 0.6590 while the monthly low of around 0.6575 acts as an additional downside filter. Should the quote remain bearish past 0.6575, the previous monthly low of 0.6465 and 78.6% Fibonacci ratio of October-December 2023 upside, near 0.6400, could lure the Aussie pair sellers.
Overall, the AUDUSD pair’s further upside appears difficult unless providing a daily closing beyond 0.6730.
AUD - Box within the Box!There Goes the Commodity pack.
It was CAD yesterday post inflation data, pierces the supports.
It is AUD today post CPI piercing the top.
Both of them stronger on all crosses.
0.6655 holds for 0.6700 attempt.
Box within the larger box, one to break and another to reach!
In the Middle, no Riddle!Alternate moves, flipping sides, not for the ordinary, buy yesterday, sell to-day or vice versa or most difficult approaches of the trader,
A range trader too will find this difficult.
The PIP is larger frames the candle colours or altrnating.
The actual graph is the larger version of the same.
To buy or sell is not to be is the dilemma, till such time, stay in the range, try if you can keep yourself away from the screen!
0.6630-0.6690 pencil the range, if that is not enough the market is in the middle of this midle!
AUDUSD: Cup and Slip Not much in the news, everything in the price.
Just the slip and news and shock of Aus defeated by Afghan,
The rounding top or the inverted cup and handle, pushes price action to the lowest area of support.
The big picture trendline support is lurking to life line.
It is also in the area of Mid Bollinger Band.
We have seen this before and many times in this range.
Lows of 0.6640-50 eyes lower end of 0.6610
What is interesting this time we have failed Inv HnS pattern
Below 0.6645-55 towards 6610-15
AUDUSD: Echo out! AUDUSD
While we can filter the bull tone in various frames, the above picture still shows, will come back later not now
0.6620-0.6720 are the twosides of the range in the immedaite attention, while steeper up move and down move are witnessed in the recent times.
If the labelling looks neat and correct, the triple XYZ in motion, which means a failure at the top.
If we assume end of Double XYZ then the upmove has scope to break higher.
For the intra-day 0.6640-0.6690 to eke out this space.
AUDUSD: Time to turn? or Off!The last to fall in Dollar rise, the first to rise in the dollar corrective move down.
0.6630 looks a decent bottom to see or the 0.6615 which was shorter frame supply zone a couple of sessions back.
Rising Support line, closer Supply line are hurdles to initiate.
Dice in favour of 0.6690-0.6710 while above 0.6615-40
A clear downside possibility Looks good for a short trade.
Price broke out the resistance zone but not sustained above.
Broke down now price is rejecting the same level. We might expect a clear downside for last swing low.
Educational purpose only.
AUDUSD SHORT
FOREXCOM:AUDUSD
High chance to big fall.....But wait for the 15M reversal confirmation for entry
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 rules of your strategy are satisfied...
Keep trading
Hustle hard
Markets can be Unpredictable, research before trading.
Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
AUDUSD MULTI TIME FRAME ANALYSISHello 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 strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
