AUDUSD LEVEL 2 RISE INCOMING!!AUDUSD has dont level 1 and we got the retrace its time for LEVEL 2 RISE!!!!
USDAUX trade ideas
Short & long term analysis for AUDUSDFrom looking at structure with a top down analysis I have placed some areas that I see price most likely coming to both short term and long term. I have placed an alert at 0.72346 to see if price gets to my POI for a potential long position. However if price decides to hit my alert at 0.76886 first then I will look for a potential short position in my POI.
AUDUSD ANALYSIS Hello everyone hope you all are well and having a great week.
for tomorrow i have only 1 pair for watch and this pair has very good potential for the upside swing so i will see the price action decide weather i will hold this trade for swing trade which is holding more then 3-5days
Technical Analysis: Bearish marubozu keeps AUDUSD seller hopefulDespite recently bouncing off a monthly low, AUDUSD remains pressured around 20-DMA during early Wednesday. The risk-barometer pair dropped the most in a week while flashing a bearish candlestick on the daily chart. The anticipated declines also gain support from the absence of the oversold RSI conditions. However, July’s low of 0.7288 acts as a trigger for the fresh fall. Following that, 23.6% Fibonacci retracement level near 0.7225 and 0.7155 could offer intermediate halts during the south-run targeting the yearly low near 0.7105.
Alternatively, 50% and 61.8% Fibonacci retracements of the pair’s late June to August 20 downside, respectively near 0.7360 and 0.7420, can guard the quote’s rebound. Also challenging AUDUSD bulls is the monthly high near 0.7480. Should the Aussie pair rises past 0.7420, odds of its rally towards the July month’s peak near the 0.7600 level can’t be ruled out.
AUS/USD SHORTIts seems bearish as it retraced back from 0.5 fib level and as clear from COT data lot of short positions are formed, during pullback, t get the good price , a very traditional method of pyramiding , target can be last low , it can move further as well.
AUD|USD short guyss i am looking at audusd i think its really good to take a short position there let see how that goes if you want any analysis let me know .
AUD|USD based on daily and 4h price look good to take a sell but be carefull when price hit at fib golden zone it can reverse i have seen its making lower high so i think it will go down until it hit stronge support
AUDUSD: Bullish sequenceThe current price action clearly suggests that AUDUSD is rising updward in an impulsive manner & just finished it 4th wave. one should buy on cmp with SL of 0.73600. & look for the tgt of 0.7500 / 0.75500 as a wave 5.
My personal view how market gonna movethis movements are based on my findings and I strongly suggest you to use SL and a strategy before following anyone.
for this direction use Price Action based on the direction i provided here. if market goes against the direction am expecting, I'll exit from the trade
Also i think this will be equal to GBPJPY, and EURUSD as well.
AUDUSD bears attack 0.7400 key support despite RBA taperingEarly Tuesday, the Reserve Bank of Australia (RBA) surprises markets by announcing details of weekly bond purchase tapering. The traders were earlier hoping for a delay in the tapering plans and hence the AUDUSD jumped around 30 pips just after the RBA news. However, downbeat comments concerning the Aussie GDP and cautious economic view recall the pair sellers, directing them towards 61.8% Fibonacci retracement of July–August downside, near 0.7410. Also acting the crucial support is an upward sloping trend line from August 20, near the 0.7400 round figure. Given the RSI pullback from overbought territory, AUDUSD may witness further declines and hence the stated support line gains major attention.
Alternatively, a descending resistance line from July 13, near 0.7480, guards the quote’s short-term upside. In a case where the AUDUSD bulls look to retake controls beyond 0.7480, they need validation from the 0.7500 threshold, a break of which will propel the run-up towards July month’s high near 0.7600. Overall, RBA’s cautious optimism needs back-up from the weaker US dollar and improvement in the covid conditions to keep the AUDUSD buyers hopeful.
AUD USD SHORTaud usd short call...risk only 2 %
for a better entry take sell from- 0.74480 and stop loss above previous high or .74630
AUDUSD : Demand Zone IdentifiedThis is the part of Advanced price action trading to identify new supply & demand zone, the same demand zone is available on AUDUSD chart, daily timeframe. Go long when revisits the zone.
AUDUSD bulls need to tackle 0.7320-25 hurdle to keep the reinsAUDUSD bulls battle the key resistance, namely 200-SMA, during early Wednesday. Given the Aussie pair’s sustained rebound from the previous resistance line, not to forget successful trading above an eight-day-long rising support line, the buyers remain hopeful by the press time. However, overbought RSI conditions challenge the buyers, requiring a clear break of 0.7325 to keep the reins. Following that, 61.8% Fibonacci retracement of July–August downside near 0.7410 and the previous monthly top near 0.7425 should return to the charts.
Meanwhile, the aforementioned short-term support line near 0.7295 restricts the quote’s immediate pullback, if any, ahead of the resistance-turned-support of 0.7270. If at all, AUDUSD drops below 0.7270, the 0.7230 level may offer an intermediate halt during the likely fall towards the last month’s low surrounding 0.7125. Overall, AUDUSD is in the recovery mode after a two-month bearish performance.
Shorting AUDUSD !FX:AUDUSD
Long term bearish trend continuation supported by a bearish divergence formation.
AUDUSD: CorrectionAfter an impulsive move AUDUSD should head south for a three wave correction. Keeping a SL of 0.72810 one should sell the currency pair for tgt of 0.72000
