AUD-USD Forex pair swing trade for 12/6/2020 Note : For learning , refer to the chart for the entry and exit
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USDAUD trade ideas
AUDUSD buyers can ignore Monday’s bearish spinning topWith the US House backing President Donald Trump’s demand for a $2,000 paycheck, AUDUSD remains positive amid a risk-on mood. The pair failed to justify Trump's signing of the coronavirus (COVID-19) aid package the previous day amid fears that the Senate will turn down his push during the last days in the White House. While Monday’s downbeat performance printed a bearish spinning top on the daily chart, the pair’s ability to stay beyond an upward sloping trend line from November 23 and 21-day SMA confluence, around 0.7500, keeps the AUDUSD buyers hopeful. Also favoring the upside momentum could be the bullish MACD and an absence of the overbought RSI. That said, a short-term falling resistance guards immediate upside around 0.7620 while the monthly top near 0.7640 can probe the optimists afterward.
On the contrary, AUDUSD weakness past-0.7500 can trigger a gradual downpour targeting the early- November top near 0.7340. Though, the December 02 high near 0.7450 and the 0.7400 round-figure can offer intermediate halts during the fall. In a case where the AUDUSD bears dominate past-0.7340, 0.7300 and 0.7220 may restrict the fall en-route November bottom close to 0.6990.
AUDUSD "GO LONG FOR 1H CHART"IF THE CANDLES BROKE TRENDLINE RESISTANCE IT MAY GO LONG UPTO WHERE I PLACE MY TAKE PROFIT LEVEL. MOVING AVERAGE LINE TENDS TO BE UP THERE FOR LONG SIGNAL.
AUD/USD good short candidate.AUD/USD good short candidate.
stoploss above 0.77 levels once sustain above this levels for 15 mins
down side can see fall till levels of 0.70 levels..
💡 Don't miss the great sell opportunity in AUDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.755). 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 40.
Take Profits:
TP1= @ 0.7460
TP2= @ 0.7420
TP3= @ 0.7370
SL: Break Above R2
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AUDUSD MAKING UP TREND AUD IS BULLISH ON USD LIKE EURO,GBP, OTHERS AND MAKING NEW HIGH FOR THIS BULLISH MOVEMENT MY TARGET IS 0.76500 AFTER THAT IT DO SOME CORRECTION THAT'S MY MY ANALYSIS BTW WHAT YOUR ANALYSIS SAY ABOUT AUDUSD MENTION IN COMMENTS :)
💡 Don't miss the great sell opportunity in AUDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.756). 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 40.
Take Profits:
TP1= @ 0.7500
TP2= @ 0.7485
TP3= @ 0.7450
SL: Break Above R2
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LONG THE EARLY BIRDGO GET YOUR PIPS...I ADVICE RISK 1% ONLY.. TRADE AT YOUR OWN RISK, MAKE SURE ITS IN AGREEMENT WITH YOUR OWN ANALYSIS..
AUDUSD at its support buy at 0.75318I will buy AUDUSD because :
It has been taking support at the trend line .
So will be looking at buying opportunities.
Entry : 0.75318
Target : 0.7572
Stop loss : 0.752
💡 Don't miss the great buy opportunity in AUDUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.75). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 0.7560
TP2= @ 0.7600
TP3= @ 0.7640
SL= Break below S2
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ForecastCity English Support Team ❤️
AUD/USDbearish harmonic pattern is observed traders might get trapped out there as there is an incoming supply zone
levels are marked on the chart also there is RSI divergence being observed on the chart
levels are provided in the chart
AUDUSD is still in the ascending channel.Recently, the global market has obvious risk sentiment. The rise in securities indexes and commodity prices, especially the rapid rise in copper prices, has led to the appreciation of commodity currencies. Therefore, fundamentals have helped the Australian dollar to appreciate.
By technical analysis, AUDUSD is still in the ascending channel. It is recommended that when the price falls back to support, buy AUDUSD.
AUDUSD: FLAT CORRECTIONOn a larger degree front , AUDUSD made a 3 down & 3 up wave formation which suggests that a FLAT pattern is in formation,as long as it maintains below the previous highs. An ending diagonal is forming on lower degree as wave-c which suggests that the 3 up formation is going to exhaust . We should see a five wave down rally if the flat corrective pattern is forming !
AUD USD NEXT TARGETE IN WEEKLYAUD USD NEXT TARGET IN WEEKLY, ANY ONE NEED NEXT MOVE AND TARGET IN ANY SCRIPT LET ME KNOW IN COMMENT SECTION I WILL POST.
