The US dollar is on track to gain for a second straight week today, underpinned by a strong US economy that has changed expectations for an interest rate cut by the Federal Reserve. The greenback's 0.17% gain for the week was tempered after Thursday's warning message from financial leaders in the US, Japan and South Korea regarding the weakness of the Japanese yen...
I am going long on AudUsd as it has retested the support trend line and it has broken the resistance trend line. First TP is at the first zone. If it fails to go long and breaks the support below and closes below, my setup will be invalid
Hello traders, I hope you had great profits by selling AUD/USD last week. In my previous AUD/USD idea, I recommended selling AUDUSD@0.6620 zone, that call generated over 180 pips profit. Currently, AUD/USD has bounced off the support zone by almost 30 pips. This makes me wonder, if there is a potential long entry here. So, if the support level that I had...
We expect further downside on this pair, signalled by the formation of a triple-top pattern. We can also see the breakout of a counter-trendline supports our directional basis
Hello traders, AUD/USD has been struggling to clear the 0.6620-0.6650 resistance zone. We have observed multiple bearish candlesticks on the hourly chart. So, if price continues to struggle here, there could be a potential short opportunity with initial target at 0.6550 level. Keep in mind that this is the hourly chart, so even if you sell, consider taking...
AUDUSD is currently at a very powerful support level.. the next target is the resistance level all the way at the top. There is also a strong level of support with the trend line below. This is a very good buy opportunity - huge profit potential.
H4 - Bearish trend pattern followed by a pullback. Bearish convergence. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Australian consumer inflation expectations increased in April Australian consumer inflation expectations for April: 4.6% Previous: 4.3% The RBA will not want to see inflation expectations become out of control.
✔️AUDUSD Analysis ✔️AUDUSD is moving in the Descending channel and the market has reached the lower high area of the channel!!! ✔️AUDUSD is expected to fall 🔴Recommended to consider Selling from Seller Limit Zone.
Hello Traders, here is the full analysis. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or...
**Monthly Chart** March 2024 monthly candle closed as a reversal doji candle after breaking the high of the previous candle, then closed near the low of the March candle. This indicates that AUDUSD has a strong probability to start moving higher. **Weekly Chart** Last week's candle closed as an engulfing candle after taking the high of the previous week's...
I am going long on AudUsd as it has tested the resistance/support zone and has broken the trend line. Should it break the previous support zone, my setup will be deemed invalid.
The greenback fell from a almost five-month excessive after Powell`s remarks The greenback index and greenback index futures fell barely in Asian trading, extending in a single day losses after Federal Reserve Chairman Jerome Powell gave blended indicators on a reduce. lessen US hobby fees. While Powell stated the Fed might subsequently reduce hobby fees later...
✔️AUDUSD Analysis ✔️AUDUSD is moving in the Descending channel and the market has reached the lower high area of the channel!!! ✔️AUDUSD is expected to fall 🔴Recommended to consider Selling from Seller Limit Zone.
AUD USD has formed a Falling Wedge Reversal Pattern on the 1hr timeframe and the market has broken the Lower High market structure, we need to see a pullback - Retest before taking entry Buy - Long. ⏰
Hello Traders In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET today AUDUSD analysis 👆 🟢This Chart includes_ (AUDUSD market update) 🟢What is The Next Opportunity onAUDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Market Overview: At the 4-hour time frame, AUDUSD exhibits a robust Bearish Trendline Channel, suggesting a prevailing downward momentum. Currently, the currency pair finds itself positioned at a crucial residential level, adding weight to the potential bearish outlook. Entry and Stop Loss: Based on the analysis, a strategic entry point is identified at...
AUD/USD moves higher to 0.6550 as the US Dollar falls on the Fed’s confidence in inflation, declining to the 2% target. The Fed remains stuck with projections of three rate cuts in 2024. Investors await the Australian monthly CPI data for fresh guidance.