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Audusdbuy

A Short Trader May get happy today, on this AUD pair! {07/08/23}Educational Analysis says AUDUSD may go Short according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why long? Because AUDUSD respects an uptrend line facing down line on a 4-hour time frame. The market is bearish but a strong AUD may change its direction and start a new trend soon. The black line is the Order block The RED line is high and low at the current price. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy trading, FX Dollars.
by VishalBudhrani
32,600 Jobs Added! Aussie Dollar Skyrockets!The Australian dollar has surged, driven by an impressive employment report that far exceeded expectations. In the month of June, Australia's net employment rose by a staggering 32,600 compared to the previous month, surpassing estimates by more than double. This development propelled the Aussie currency up by over 0.9%, reaching an intra-day high of $0.6834. The New Zealand dollar also rode the wave, gaining 0.57% to reach $0.6299. Both Antipodean currencies are now poised to reverse the losses incurred over four consecutive trading sessions. The current market sentiment favors the bulls, with both short and long-term momentum in their favor. Price action is trading above the 50 and 200-day moving averages, reinforcing the positive outlook for the Australian dollar. Elsewhere in the currency market, the sterling is doing its best to counter deep losses following a sharp fall in the previous session. The decline was prompted by Britain's inflation data, which fell short of market expectations. The British pound managed a modest recovery, trading 0.15% higher at $1.2958 in the latest session.
by BlackBull_Markets
20 Reasons for Buy AUDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: A completely bearish trend is in place. The last low was created in 2001, followed by a CHOCH (Correction of Higher Chance) that occurred in 2011. The market then entered a correction phase and formed a valid lowest level in 2020 with a big hammer and heavy volume. This indicates that the market may have formed a higher low and could potentially continue its bullish journey. Currently, the market is making an inside hammer move and coming down for a liquidity grab. Price has reached an extreme level, and if we closely observe, we'll notice that each candle has lower-side wicks. 2:📆Monthly: Despite the overall bearish trend, there is a valid low formed, and at that low point, there is a significant volume which indicates a strong buying area. If we look at the closing of November 2022, there is a big doji candle followed by big bullish momentum moves. The current month's candle also shows a similar character. 3:📅Weekly: A triangle pattern is forming, and it has almost narrowed down according to the timeframe or the triangle's nature. If we check the ratio of bullish and bearish candles from the last low to the current candle, we can clearly observe powerful bulls in control. The internal structure forms a bearish CHOCH, but it immediately creates a fakeout, turning the bearish CHOCH into a bullish pattern. Take this into consideration. 4:🕛Daily: A very strong CHOCH has already occurred, and now the price is making a corrective move after the CHOCH. At an interesting point, we can observe significant volume before the point, indicating profit booking. Following this, there is a classic doji candle and the current big bullish momentum candle that signals a long position entry. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bullish CHOCH 6: 2 Pattern Candle Chart: Doji and momentum candle 7: 3 Volume: Execution volume before 3 days 8: 4 Momentum UNCONVENTIONAL RSI: Shifting from a bearish range to sideways, indicating strength on the upside. RSI holding above the 40 level signifies strength in the upside move. 9: 5 Volatility measure Bollinger bands: After a volatile move, the price is currently in a calm mood. The last squeeze breakout formed a headfake formation where the price initially went down and then reversed, leading to opposite price moves. 10: 6 Strength ADX: Sideways movement 11: 7 Sentiment ROC: AUD is stronger than USD on the scoreboard. ✔️ Entry Time Frame: Daily 12: Entry TF Structure: Bullish CHOCH 13: Entry Move: Impulsive 14: Support Resistance Base: Support at Fibonacci Validation Zone (FVG) and order block (OB) 15: FIB: Trigger event activated ☑️ Final comments: Buy right now. 16: 💡Decision: Long 17: 🚀Entry: 0.6700 18: ✋Stop Loss: 0.6630 19: 🎯Take Profit: 0.6970 20: 😊Risk to Reward Ratio: 1:3 🕛 Expected Duration: 15 days
Long
by Optimum369
AUDUSD BUYING Trade Setup H1At the moment, AUD/USD is trading at 0.6759. According to my limited knowledge, if it goes down, it will reach the support line of the channel. After that, it will move towards the resistance of the channel, and then there will be a breakout of the channel. After retesting, it will continue to move upwards. Disclaimer: The information provided is for general informational purposes only and should not be considered as professional advice. Use at your own risk.
Long
by ShaaniReal
Setting Sights on a 0.64 BUY, Plus a Short-Term SELL IdeaI have two different perspectives: a short-term SELL trade for the upcoming week and a long-term BUY. After a significant break and close of the 0.655 support last week, the next potential level for this pair could be the 0.64 zone. This area marks the untested Weekly DEMAND/BUY zone that was established last year, following a rapid drop to the MONTHLY DEMAND/BUY zone at 0.61. Comparing the momentum of last year's drop and rally with the current price movement, the difference is notable. Both the drop to and rally from the 0.61 level were swift, characterized by large candles. The current price movement, however, is rather choppy, alternating between small drops and pauses. The 0.64 level appears promising for a BUY entry point. It aligns with both dynamic trendline support and the Weekly DEMAND/BUY zone. I'll be watching this area closely for potential BUY entries, using the TRFX indicator from the 8hr timeframe and up. On the chart, I've marked the likely path for this pair, though please note it may still drop. My stop level will be set well under last year's low, with targets extending up towards 1.70. I will provide more details when the trade triggers. For my short-term SELL idea, I'm predicting a brief rally early next week back up to the previous support around 0.655. This will be my SELL entry point, targeting 0.64 or below. As always, ensure proper risk management. Trades will be updated once they are entered. Happy trading!" Remember, even the best analysis can be wrong due to the unpredictable nature of the markets. Always use proper risk management and never risk more than you can afford to lose.
Long
by TheFxAce
4
Intraday Bullish Momentum swingThis is a follow up and actual trade taken by myself. I placed a short term buy today at 10:30A.M on AUDUSD simply because lower lows ceased being formed at a key support level. After a strong bullish correction trendline was broken then on the 4Hour the 8Moving Average crossed to the upside of the 21SMA. that's relevant because it lags behind price. The 1 hour provided some reversal signals at a clear support and the trade was essentially taken based on pure candlestick analysis. I love trading reversal candlesticks on top of support. Especially after a market gap on Sunday. I believe a potential inverted head and shoulders is on the way after price failed to make a lower swing low and is now attempting to create a new swing high. Potential short term up trend beginning with indecision candles then a bullish engulfing on top of a weekly support.
Long
by DesharedPierreJr.