Aussiedollar
Bias is still for lower levels on AUDUSDAUDUSD - Intraday - We look to Sell at 0.6880 (stop at 0.6925)
Buying pressure from 0.6772 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. Preferred trade is to sell into rallies.
Our profit targets will be 0.6755 and 0.6680
Resistance: 0.6910 / 0.7030 / 0.7135
Support: 0.6790 / 0.6680 / 0.6560
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Buy Ausse at the level! ATTENTION:
According to the the long-term back-tests (from 15 to 20 years) on different instruments, the W% of this setup is only around 25% to 30%! So the only way you can make money continuously out of this setup is risk and money management! the proper risk management for this setup is risking around 0.5% of your total trading capital as SL amount.
According to the trend and also the "supply and demand zones" there might be a good place to enter a long trade!
AUD/USD can't seem to break the current down trendHaving trouble breaking the downtrend ever since April 1st.
- Multiple attempts at breaking resistance line, but couldn't break (3 times)
- RSI and MACD on the daily shows reversal back down again.
If we get rejected again, I can see it heading to $0.67 first then as low as $0.61 area to hit the 0.786 fib zone.
What's your thoughts?
AUDUSD at the lower end of a bullish channelAUDUSD - Intraday - We look to Buy at 0.6950 (stop at 0.6905)
We are trading at overbought extremes. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. The trend of higher lows is located at 0.6911. We look to buy dips.
Our profit targets will be 0.7075 and 0.7170
Resistance: 0.7170 / 0.7285 / 0.7430
Support: 0.6915 / 0.6680 / 0.6540
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Stalling momentum indicates a turnaround is possible on AUDUSDAUDUSD - Intraday - We look to Sell at 0.7005 (stop at 0.7050)
Daily signals for sentiment are at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies.
Our profit targets will be 0.6875 and 0.6680
Resistance: 0.7170 / 0.7430 / 0.7660
Support: 0.6915 / 0.6680 / 0.6540
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
AUDUSD remains under pressure, lower prices expectedAUDUSD - Intraday - We look to Sell at 0.6840 (stop at 0.6890)
Buying pressure from 0.6730 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 0.6700 and 0.6540
Resistance: 0.6970 / 0.7130 / 0.7230
Support: 0.6540 / 0.6000 / 0.5845
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Will the major AUDUSD support hold?AUDUSD - Intraday - We look to Buy at 0.6765 (stop at 0.6715)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The current move lower is expected to continue. Previous support located at 0.6762. Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 0.6900 and 0.6970
Resistance: 0.6970 / 0.7130 / 0.7230
Support: 0.6780 / 0.6540 / 0.6000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
AUDUSD: Gains will be capped!AUDUSD
Intraday - We look to Sell at 0.6880 (stop at 0.6925)
Buying pressure from 0.6764 resulted in prices rejecting the dip. The current move higher is expected to stall at trend line resistance. The bias is still for lower levels and we look for any gains to be limited. Preferred trade is to sell into rallies.
Our profit targets will be 0.6750 and 0.6540
Resistance: 0.6970 / 0.7130 / 0.7315
Support: 0.6780 / 0.6540 / 0.6000
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Economic view of the Australian dollarAs fears that a recession is just around the corner for the US, some economists are warning that Australia could follow suit.
Some, however, remain bullish on the Australian economy due to high household savings, strong commodity exports, accommodative government stimulus and a robust pipeline of residential building constructions.
Emerging from pandemic-induced recession
The Australian economy recorded its worst single quarterly economic contraction since the 1930s Great Depression in the second quarter of 2020. Like many countries, the economy was hit hard by COVID-19 restrictions in the first half of 2020.
The country emerged from that recession in the third quarter of 2020. Australia was among a few that managed to bounce back quickly as the government relaxed restrictions, fueling a recovery in consumption. Household spending contributed the most to the overall recovery as the easing of lockdown measures unleashed pent-up consumer demand.
Delta derails recovery
The economy continued on its recovery path until the third quarter of 2021 when Australia’s GDP contracted due to measures imposed to prevent the spread of the Delta variant of COVID-19. Household spending was hurt by local governments’ move to reimpose curbs.
Australia rebounded in the fourth quarter as Delta-related lockdowns were lifted towards the end of 2021.
"Consumers enthusiastically returned to discretionary spending following the end of delta-related lockdowns,” Australia’s statistics official Ben James said at the time.
The Australian economy has swung from short periods of downturn to quick recoveries as soon as governments lift border restrictions and other curbs after containing local outbreaks.
But as global inflation shocks and interest rate hikes by other central banks prompted the Reserve Bank of Australia to also take a hawkish approach to tame inflation, many experts are warning that the country could face another economic downturn.
Brace for more tightening
Earlier this month, the RBA raised its official cash rate by 50 basis points to 0.85%, surprising the market that had predicted the rate hike at 25 or 50 bp.
RBA Governor Philip Lowe last week warned of more tightening in the months to come as the monetary policy board believes the current rate is still “very low for an economy with low unemployment and that is experiencing high inflation.”
Australia’s unemployment rate remained at a record low of 3.9% in May, while the country’s first-quarter inflation rate accelerated to a 20-year high of 5.1% from 3.5% in the fourth quarter of last year.
Recession likely to happen
As commodity prices continue to skyrocket and as the central bank pursues a hawkish stance, BetaShares Chief Economist David Bassanese said there is a 40% chance that Australia could enter a recession within the next 12 months.
“When the US sneezes, we catch a cold. The local share market will not be immune to further Wall Street weakness, especially as we also face uncomfortably high inflation and likely aggressive RBA rates hikes in coming months,” Bassanese said in a recent note.
The economist noted that the local stock market will likely follow the US into bear market territory in the coming months.
AMP Capital economist Diana Mousina last week said the high inflation environment is adding to weakness in consumer spending. AMP Capital lowered its GDP growth expectation for Australia this year to 2.7% from 4%.
Mousina, however, said the strength in residents’ accumulated savings and supportive fiscal and monetary stimulus will likely keep the country’s economy from collapsing.
“A lot of positives”
This was echoed by RBA's Lowe last week when he played down worries over a looming recession in Australia, saying he doesn’t see a recession on the horizon.
"Australia has a lot of positives… But if the last two years have taught us anything, you can't rule anything out,” the RBA governor said.
GBPAUD Holding on at vulnerable support...As the UK goes into a 4 day weekend with the Jubilee bank holiday the pound is looking very desperate especially on the GBP/AUD. It is currently holding onto support arround the 1.7450 region and looking at previous downside breakouts at this level in the past we have seen a 200 pip sharp movement which could be very worrying for the pair.
On the higher timeframes around the weekly and daily it also look extremely bearish and here on the 4 hour we can see all of the moving averages pointing down providing a resistance for the pair.
Movements over the coming weeks on this pair will in very interesting to watch.
Joe Gun2Head Trade - Short term bullish channel on AUDUSDTrade Idea: Short term bullish channel
Reasoning: Looking for a continuation in the short term
Entry Level: 0.7095
Take Profit Level: 0.7170
Stop Loss: 0.7063
Risk/Reward: 2.43:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
HOW TO trade AUDUSD 30M 🇦🇺 🇺🇸I am using POW EDGE strategy on this trading idea.
I have an AUDUSD trade open on the M30 chart.
Trade details are on the chart.
I am aiming for TP3 on the printed label.
Trade has progressed well but has hit some resistance that I have also highlighted on the chart.
If resistance is broken I can see my TP target which is in green being reached.
My stop loss is the red line.
HOW TO reverse AUDNZDUsing POW reversal strategy on this trading idea.
Working AUDNZD on the 30M
Strategy is set to work my chosen session times hence red shading showing when I don't trade.
Chart shows a label which details all trade rules for the current live trade.
That trade is another short trade like the previous trade which can be seen on chart.
Blue lines show TP points, Red lines are SL points and yellow lines are my entry points.
Good reverse scalping strategy with stats to back it up.
AUD/USD -9/5/2022-• Aussie is declining along with most currencies against the dollar
• Technically, the pair broke two major support levels
• First level was the round number 0.70 and second one was 0.6960
• Bears now target 0.680 figure
• Downtrend is clear, highlighted by the descending channel in the chart above