The Australian dollar continued its strong sell-off even as the prices of industrial metals continued bouncing back. The AUD/USD pair crashed to a multi-month low of 0.6450 on Monday, much lower than this month’s high of 0.6645.
Bearish view:
- Sell the AUD/USD pair and set a take-profit at 0.6425
- Add a stop-loss at 0.6525
Bullish view:
- Set a buy-stop...
audusd is overall bearish as we have respected the third touch of the trendline and broke out of the range,head and shoulder pattern, equal high
we would be selling back down to 0.63000 as our first level target but once we get a pullback we go selling
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...
Preferred direction: BUY
Comment: We consider the Australian dollar in favor of a buyer within the medium term. It should be noted here that AUDUSD and NZDUSD will most likely update at least local minimums before growing. However, current prices are also great for "step by step" accumulating a buy-position. This trade is not designed for a big move...
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...
As we can see that AUDUSD broke support zone and is currently sitting at the major support zone and also showing bullish divergence.
so it can turn out to be a fake out that might have been created just to retest the major support lying beneath.
so we can plan long positions over here if we see some sort of bullish confirmation.
The price perfectly fulfilled my previous idea. It hit the target level. FX:AUDUSD broke through the range zone and made a new extension upwards. The market is trading above the swap zone. If price makes a fake break at support level and trendline, I think price may go up because price is gaining bullish momentum by updating swing highs and higher lows. On...
Hello Fellow Traders, Its BEEN A WHILE!
I hope That Everyone Follows This Forecast To make some big Profits!
Here is a Full Updated Analysis & Forecast For XAUUSD
The Best way to follow my Analysis is if the following conditions apply.
Conditions -
1. Wait for the Market to Show you some (Rejection / Confirmation / Direction)
2.Wait for confirmation(Price...
Looking at the trend in the four-hour time frame, AUD/USD can rise to the resistance of the ceiling of the descending channel in the range of 0.6623 after the formation of the ANTI BAT harmonic pattern.
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.
What Is a Chaikin Volatility Indicator in Trading?
Understanding volatility is crucial for creating effective trading strategies. One popular tool used when measuring volatility is the Chaikin Volatility indicator. In this article, we will take an in-depth look at this tool, how it’s calculated, and how to use it when trading.
What Is the Chaikin Volatility...
Based off daily chart
Confirmations
1. Previous daily closed above resistance.
2. Current daily tapped into daily support level then rejected
3.Liq grab at 0.66 area on 4hr charts
Looking to fill previous daily wick
FX:AUDUSD forms a retest of the descending channel resistance, but there is no fall. Against the background of the dollar correction, the currency pair may move into the realization phase after the channel breakout.
Moving averages, trend resistance and pre-breakout consolidation, with strong support zones, to which a large buyer does not let the price go. An...
My dear subscribers,
AUDUSD looks like it will make a good move, and here are the details:
The market is trading on 0.6523 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6573
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend'...
AUDUSD Top Down Analysis
H4: Directinal Bias
Broken structure to the downside.
Lookiing for Shorting positions from the
Supply Zone.
Price created an Imbalance leaving behind Supply
Zone above. Will sell from this zone.
H1: Technical Analysis
Price is in H4 Demand Zone and is strongly resisted
by the Buyers.
CHoCH signals short term trend reversal and...
