Market Structure Bearish on HTF Weekly and Daily at same AOI Strong Weekly rejection at AOI Weekly break and retest of broken support Previous Daily Structure Point Daily EMA retest Daily Rejection at AOI Around psychological level 0.65000 H4 Rejection at AOI
As seen on the D1 time frame AUDUSD is still in a downtrend price is currently ready for sells as price is rejecting 61% fib level check next post on how to capitalize on this AUDUSD down move
The price touched multiple pressure lines crossing point. SlowStoch and RSI both are in over bought levels and crossed in 16 hours time frame. Try to short since the price is still in the down trend channel.
In anticipation of the forthcoming FOMC meeting, the AUDUSD currency pair is demonstrating a notable increase in value, defying the backdrop of data indicating a prevailing contraction in private business activity across Australia during March. Despite these domestic economic challenges, market attention remains focused on the Reserve Bank of Australia’s (RBA)...
Regarding the Greenback, sellers appeared back in the market after US Q1 GDP figures came in short of expectations and quarterly inflation prints ticked higher, reigniting speculation that the Federal Reserve (Fed) might keep its restrictive stance for longer. Meanwhile, the daily advance in the Australian dollar was accompanied by further improvement in the risk...
AUDUSD spiked higher to the 0.786 retracement at 0.6584 and the 100 daily Moving Average only to rejected. The strength indicator RSI also tested and got rejected at the 60 threshold A daily close above is necessary for AUDUSD to establish a bullish trend. AUDUSD seems likely to resume downtrend, and a daily close below 0.6485 could fuel a sell-off down to...
AUDUSD is in a bullish trend making Higher Highs and Higher Lows in a an assending channel pattern. There was divergance on RSI previously which has been diluted with the formation of new Higher High hence reducingthe probability of a downward move. The trade plan is based on DOW Theory and RR for TP1 is 1:1 and 1:2 for TP2.
The AUDUSD pair is currently exhibiting a potential Bearish Bat Harmonic Pattern (XABCD) formation, coupled with its proximity to a significant resistance level. This suggests a possible reversal in trend momentum, with bearish indications expected to strengthen from Point D onwards. Harmonic Pattern Analysis: The Bearish Bat Harmonic Pattern (XABCD) is...
Price is rising towards a resistance level which is an overlap resistance and could potentially reverse from this level to our take profit. Entry: 0.65534 Why we like it: There is an overlap resistance level Stop loss: 0.66174 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci projection. Take profit: 0.64866 Why we like...
AUDUSD is currently forming a Shark Harmonic Pattern (XABCD) on the 4-hour time frame. This pattern is characterized by specific Fibonacci ratios between the price swings. The completion point, Point D, coincides with a key Resistance level, indicating a potential reversal. Trendline Analysis: In addition to the harmonic pattern, there is a significant...
Preferred direction: BUY Comment: The previous trading idea for the Australian dollar was successfully closed with a profit. At the moment, the US dollar continues its downward correction on almost all fronts. We expect further growth for this pair, but of course it will be more limited than before. In our decisions, we are tied to the support level of ...
The AUD/USD exhibited sustained growth throughout the previous week, aligning with our earlier forecast. It reached the 0.6580 level, where we identified a convergence of technical, seasonal, and economic indicators. Technically, both the H4 and H8 timeframes show divergence on the stochastic indicator within the 78.6% to 61.8% Fibonacci range within a bearish...
The price of the currency pair is expected to start a downtrend after reaching the resistance level of 0.65520 Consider your risk management before entering a trade. Pay attention to economic news and events that may affect the AUD and USD exchange rates
AUDUSD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short AUDUSD Entry Point - 0.6528 Stop Loss - 0.6564 Take Profit - 0.6465 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Price has just bounced off the support level which is an overlap support that aligns with the 23.6% Fibonacci retracement and could rise to our take profit. Entry: 0.64891 Why we like it: There is an overlap support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 0.64568 Why we like it: There is a pullback support level Take profit:...
✅AUD_USD will be retesting a resistance level soon at 0.6555 From where I am expecting a bearish reaction With the price going down but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Friends! It makes sense for us to go short on AUD/USD right now from the resistance line above with the target of 0.647 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
Audusd is turning higher I believe, showing evidences of a bottom with current recovery from the lows, that looks impulsive. Also, inflation in Australia came out stronger this week and copper, plus HSI are higher as well. This can keep aussie in uptrend as discussed in video. Thx for watching.