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.
USDAUD trade ideas
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.
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.
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.
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
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.
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.
Softer Australia GDP growth, rising wedge lure AUDUSD bearsAUDUSD picks up bids to consolidate the biggest daily loss in a fortnight early Wednesday even as Australia’s Q1 GDP growth softens to 0.1% QoQ and 1.1% YoY respectively versus 0.3% and 1.6% priors in that order. The Aussie growth numbers also slide beneath market forecasts of 0.2% QoQ and 1.2% YoY. However, prices recover from the 100-bar Exponential Moving Average (EMA), close to 0.6635 at the latest, while posting mild gains within a two-month-old rising wedge bearish chart formation, currently between 0.6620 and 0.6750. It should be noted that mostly steady RSI conditions and the downbeat MACD signals join the softer Aussie growth to keep sellers hopeful. That said, the bears need validation from the 200-EMA support of 0.6610, in addition to the rising wedge’s bottom line of 0.6620, to retake control. Following that, the pair will be vulnerable to revisit the previous yearly low of 0.6270 while witnessing 0.6460 and the 2024 bottom surrounding 0.6360 as intermediate halts during the run-down to chase a theoretical target of the rising wedge confirmation.
Alternatively, the 0.6700 threshold guards the immediate upside of the AUDUSD pair in case of the quote’s further recovery. Should the bulls keep the reins past 0.6700, the yearly high of near 0.6715 and the aforementioned rising wedge’s top line surrounding 0.6750 will challenge the Aussie bulls. In a case where the pair remains firmer past 0.6750, the late 2023 peak around 0.6870 and the 0.7000 psychological magnet will be in the spotlight.
Overall, the AUDUSD pair’s latest recovery could be considered a selling opportunity until the quote stays beneath 0.6750.