Intraday forecast FOR AUDUSD shortkeep sl and tp as mention on the chart. if this signal is not trigerred within today it becomes invalid. you can place pending order.
USDAUD trade ideas
AUDUSD remains vulnerable despite corrective pullback above 0.76AUDUSD wavers around 11-week-old support during early Tuesday, recently bouncing off the monthly low. However, the pair’s sustained trading below an ascending trend line from November 02 and 50-day SMA keeps sellers hopeful. While fresh selling should begin following a daily closing below the immediate support line, at 0.7650 now, the yearly bottom around 0.7560 and the 100-day SMA level near 0.7530 will test the bears afterward.
Meanwhile, an upside break of 50-day SMA and the support-turned-resistance line, respectively around 0.7735 and 0.7775, will have to refresh the monthly top near 0.7840 to recall the AUDUSD bulls. Following that, the 0.7900 round-figure may offer an intermediate halt during the rally targeting to refresh February’s peak close to the 0.8000 psychological magnet.
AU weekly review This week we had 4 trades that fit our go to set ups perfectly. 2 solid runners to the start week, followed by 2 small wins with partials taken for profit and the remainder taken out for BE.
The analysis for these start on the 1hr time frame and in some cases even higher.
We mark out out key areas, our overall bias and only then drop down the 15, 5 and even the 1min for the actually entry depending on the style of trade that we have forecast.
No matter what strat you use to trade it is crucial that you only drop down the lower time frames looking for entries after you have first marked out the key areas for both entries and potential PTs first.
Another key lesson to take away from these trades is the importance of taking partials as the trade starts to move in your favor. This allows you to reduce risk quickly, and turn other wise potential losses into small wins.
This alone will greatly improve your strike rate and in turn reduce draw down and improve your over all psychology which is arguably the most important aspect of trading.
AUDUSD ForecastAUDUSD upcoming forecast for the upcoming week. NFP this Friday so be careful trading. I will waiting for more PA to develop before entering.
audusd will fall nowhuge selling is seen in audusd. this trade is published with full knowledge.......
💡 Don't miss the great sell opportunity in AUDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7785). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 0.7745
TP2= @ 0.7725
TP3= @ 0.7695
TP4= @ 0.7650
TP5= @ 0.7580
SL: Break Above R2
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AUDUSD looks promising for 100-pip upsideDespite recently easing from the yearly high, AUDUSD stays well beyond the 50-day SMA, not to forget being inside the ascending triangle, amid the absence of overbought RSI conditions. As a result, the buyers are hopeful of crossing January’s peak near 0.7820, which in turn enables the optimists to eye 61.8% Fibonacci Expansion (FE) level around 0.7910 during the further upside. It should, however, be noted that the quote’s upside momentum past-0.7910 will not hesitate to challenge the 0.8000 threshold.
On the downside, pullback moves may eye the 0.7700 round-figure but even the short-term bears may remain cautious until witnessing a clear downside break of 50-day SMA, currently around 0.7660. Also acting as the key support is a convergence of the ascending trend line from November 13, forming part of the stated triangle, as well as 23.6% Fibonacci retracement of November-January upside, around 0.7630-25. Overall, AUDUSD benefits from the market optimism backed by the vaccine optimism and hopes of US stimulus, which in turn highlights it for the bulls.
AUDUSD - Prospective up movement expecting - 10-2-21Om Namah Shivay
If validations are in place, a prospective up movement expecting.
This is for educational purpose only, No trading suggestions provided.
Om Namah Shivay
AUDUSD Higher degree - AnalysisOm Namah Shivay
The AUD seems getting stronger in an impulsive manner.
Om Namah Shivay
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.
