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
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...
The dollar index and dollar index futures steadied above the 102 level on Monday, after recording sharp declines last week.
The greenback was beset by comments from Fed Chairman Jerome Powell that the central bank was close to having enough evidence of easing inflation. Powell also made clear that he does not expect inflation to reach 2% to begin considering...
Hello Traders!
This is my idea related to AUDUSD H1/ I will set a pending order in the supply area, where I expect the price to go bearish. I will look for a short trade (if I will see the confirmation) in the supply area as this is my area of interest.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments....
In the AUD/USD pair's 4-hour timeframe, a bullish trend appears imminent following the completion of a 5th wave and a breakout from a falling wedge pattern. Entry occurred post-breakout above key resistance levels. Presently, the price action suggests a correction in line with Elliott Wave theory (ABC pattern), potentially signaling further upside momentum in the...
AUD USD has formed a Rising Wedge Continuation pattern on the 1hr timeframe,
Waiting for a retest of the broken HL for a sell entry.
Are you seeing this too ?
We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline supports our directional basis.
The US Dollar Index rose to 104.18, its highest level since December 2023.
The US jobs report released on Friday (February 2) far exceeded market expectations. This information reinforced Fed Chairman Jerome Powell's statement at the end of the agency's policy meeting last week that an interest rate cut in March 2024 was unlikely.
Expert Chris Weston, head of...
Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL 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 if you have your own opinion about it, write in the...
Dear Traders,
We are expecting a long bullish buying setup very soon as price indicating a further downtrend to be continued due to strong usd presence in the market. We will have to closely monitor the market and enter accordingly to the price action.
here is the best area where you can enter:
POSSIBLE BUYING ZONE AT 0.62733
STOP LOSS AT: 0.61611
TAKE...
Dear Traders,
Hope everyone doing excellent this week, we have an excellent opportunity of buying AUDUSD. Please keep in the mind that, price will ultimately depends on NFP data that will be out tomorrow afternoon. DXY is extremely bullish and that is why we have two area where we can exit the trade.
Most Asian currencies remained weak on Wednesday, with the dollar hovering near a six-week high as markets awaited further signals on when the Federal Reserve would start cutting interest rates. The Australian dollar weakened by 0.1%, although January's PMI data showed improvement in manufacturing and services activity. The Australian dollar, which is often used...
Pair : AUDUSD ( Australian Dollar / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and " A - wxy " Corrective Waves at Daily Demand Zone. Bearish Channel as an Corrective Pattern in Short Time Frame, It has Completed the Break of Structure and Retracement.
+
1.) weekly candle reject weekly level
2.) holding strong daily/weekly level
3.) daily momentum candle
4.) 4hour bullish orderflow
-could be a pullback trade because we see momentum to the downsite, but still holding strong support zone-
waiting for a small pullback then long
The dollar has trended higher for the second consecutive week, supported by a strong domestic economy and the central bank's cautious stance on interest rate cuts. The dollar index, which measures the currency against a basket of six major rivals, rose 0.9% this week to 103.4. The dollar has appreciated about 5% against the yen this year, and the exchange rate...
Educational Analysis says AUDUSD may move in this range for some time according to my technical.
Broker - Pepperstone
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because AudUsd has already been in an Uptrend since last Month, And basically will go higher from the demand level.
Although it is in an...
