AUD/USD Bearish Continuation AUD/USD is currently bearish and strongly approaching monthly demand area, with good R:R we may swing it and hope to catch the fall.
AUDUSD trade ideas
Market Analysis: AUD/USD Sink Further, Losses Mount Market Analysis: AUD/USD Sink Further, Losses Mount
AUD/USD declined below the 0.6400 and 0.6375 support levels.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar started a fresh decline from well above the 0.6400 level against the US Dollar.
- There is a connecting bearish trend line forming with resistance at 0.6340 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD at FXOpen, the pair struggled to clear the 0.6430 zone. The Aussie Dollar started a fresh decline below the 0.6400 support against the US Dollar, as discussed in the previous analysis.
The pair even settled below 0.6375 and the 50-hour simple moving average. There was a clear move below 0.6340. A low was formed at 0.6317 and the pair is now consolidating losses. On the upside, an immediate resistance is near the 0.6340 level.
There is also a connecting bearish trend line forming with resistance at 0.6340. It is close to the 23.6% Fib retracement level of the downward move from the 0.6429 swing high to the 0.6317 low.
The next major resistance is near the 0.6375 zone or the 50% Fib retracement level of the downward move from the 0.6429 swing high to the 0.6317 low, above which the price could rise toward 0.6385. Any more gains might send the pair toward the 0.6430 resistance.
A close above the 0.6430 level could start another steady increase in the near term. The next major resistance on the AUD/USD chart could be 0.6500.
On the downside, initial support is near the 0.6320 zone. The next support sits at 0.6350. If there is a downside break below 0.6350, the pair could extend its decline. The next support could be 0.6320. Any more losses might send the pair toward the 0.6300 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
AUDUSD POSSIBLE BUYBased on DAILY and 4HR TF, the market seems to be forming a possible reversal pattern.
We could see BUYERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
$AUDUSDAt the current price level, price is near a support level. Price extended lower after a consolidation zone. Looking for price to retrace towards the target zone listed on the chart.
AUDUSD FORCASTAUDUSD Based on this Time Frame to Sell
Near Price Breakout after the test the Support Zone 0.62400
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Short trade
1Hr TF Entry
Mon 16th June 24
9.30 am
LND to Tokyo Session AM
RR 2.83
Entry 0.63567
Profit level 0.62712 (0.48%)
Stop level 0.63869 (1.35%)
Sell-side
Reason: Chasing buyside liquidity with directional bias mitigated on the 4Hr TF.
AUDUSD Is Bullish! Buy!
Here is our detailed technical review for AUDUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.633.
Considering the today's price action, probabilities will be high to see a movement to 0.637.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUDUSD Looking for mean reversion trade (SHORT TERM)Daily Chart seems over extended using 200sma Bollinger Band and RSI reacting at 25 oversold level although this could still push lower. If my predictions is right that the price could pull back to at least close to mean there could be an opportunity for a trade
1hour execution timeframe I waited a pullback to a 61.8 fib from the range also at the rsi 100sma pull back for confluence
DOUBLE BOTTOM BREAKOUT On M30 timeframe indicates a double bottom is currently forming from a bullish momentum after the price had deeply plummeted so the breakout confirms the Buy signal
Silver Bullet Strategy AUDUSD | 17/12/2024At 9:55 EST, we arrived at our trading desk to scout for trades using silver bullet strategy. We focused on these pairs EURUSD, AUDUSD, GBPUSD, and USDCAD, hoping to get favorable trading conditions during the session.
After 15 minutes, our first FVG formed on GBPUSD, indicating a buying opportunity when price retraces into the FVG on this currency pair. Five minutes later, a similar setup to that which formed on GBPUSD appeared on USDCAD as well indicating that we also look for buying opportunities on this pair when we get a retrace into the FVG. Shortly, a FVG formed on AUDUSD, suggesting a selling opportunity when the price retraces into the newly formed FVG.
Immediately after identifying the FVG on AUDUSD, the next candle entered the FVG fulfilling all the requirements for our entry criteria. We executed the trade and monitored the other pairs to check if any of them met the entry criteria. However, none of them had at that time, so we entered one trade and waited to see others would give us an entry.
We had only 25 minutes to enter the two other setups we observed, otherwise, we would not be able to take those trades due to our trade deadline being at 11:00 EST. We checked USDCAD and realized we got a retrace, but it failed to go lower to give us an entry, so we did nothing. A similar situation was encountered on GBPUSD.
We failed to get an entry on the other pairs, however, the positive aspect was that our trade on AUDUSD was progressing well in our intended direction. After waiting a while, we checked on the position again to assess its performance only to realize it had retraced back to our entry point. An ideal situation? No, but this was the reality, we remained unfazed because we had only risked an amount we were comfortable losing.
The trade consolidated around our entry price for a while, but we were in no rush. We had three options:
1. Trade reaches the take profit
2. The trade hits the stop loss
3. We manually close the trades at 16:00 EST
These are the rules we have on our checklist and we intend to stick by them
This trade neither hit our TP nor SL, so we decided to manually close it at 16:00 EST for a small profit, which we’re perfectly okay with. Remember, simply following your trading rules is a win on its own. Your rules exist for a reason!
AUDUSD Live | Full Quick Post Fed AnalysisLesser cuts in 2025 are spurring USD strength.
This is causing inflows to the USD amongst current AUD weakness.
Here's a summary.
AUDUSD still bearish AUD/USD Chart Analysis and Trade Setup (4H Timeframe)
Technical Analysis:
1. Ichimoku Cloud:
Price Action: The price is trading below the Kumo Cloud, signaling a bearish bias.
Tenkan-Sen (Blue Line) and Kijun-Sen (Red Line): The Tenkan-Sen remains below the Kijun-Sen, which confirms bearish momentum.
Cloud Outlook: The future Kumo (to the right) remains red, indicating that bearish sentiment is likely to persist.
2. Support and Resistance:
Immediate Support: 0.63500, as the price is currently testing this level.
Resistance Levels:
0.63790 (first hurdle),
0.63911 (stronger short-term resistance).
If support at 0.63500 breaks, the next downside target will likely be 0.63259.
3. Volume:
Volume is relatively moderate but has picked up as the price tests support, suggesting a potential breakout to the downside if sellers gain control.
4. Candlestick Patterns:
A series of bearish candles is seen, with no strong reversal patterns as of now.
A bearish continuation setup may unfold if the price closes below 0.63500 on the next candle.
Trade Setup:
1. Bearish Scenario:
Entry: Short the AUD/USD pair if the price closes below 0.63500.
Target:
First take-profit at 0.63259,
Extended target at 0.63000 if bearish momentum accelerates.
Stop-Loss: Place a stop above 0.63790 (resistance).
Risk/Reward: Ensure a minimum ratio of 1:2 for profitability.
2. Bullish Reversal Setup (Less Probable):
If the price bounces off 0.63500:
Entry: Long above 0.63790.
Target: First at 0.63911 and next at 0.64261.
Stop-Loss: Below 0.63450 to minimize risk.
Conclusion:
Current bias is bearish with potential for further downside if support at 0.63500 breaks.
Watch for volume confirmation and price action around key support levels before entering trades. A bounce would signal short-term relief, but the trend remains bearish as long as the price trades below the cloud and resistance areas.
Will you short or long this two pairs ?These two pairs are commonly used as a proxy of the Chinese economy as it is commodity driven currencies. From this monthly chart, we can see how strong the US dollars has been since 2011. To date, both pairs are still in a bearish trend and I am of the opinion that there is more downside to go.......
Please DYODD
'Real' Market Structure ExplainedThis is the 'Real' Market Structure the Algo follows to deliver price.
It's part of the 28dto100k Challenge and if you look good, you can find a way to join that challenge ;-)
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audusd buy signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AUDUSDI think the bulls just begun.Looking patiently to see what happens overnight.
AS you can see my stop loss is really tight . Not looking for much risk as price may push down for the last time.
AUDUSDGreetings Traders this is my analysis for AUDUSD .
From the last chart that had a solid growth we can see that the price is managing itself for a future Uptrend Movement.
I think the price will start a growth to it might reach our potential target for a Uptrend and for a Buy Position
Traders make your own analysis before trading.
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AUDUSD shortWe expect a continuation of the short on Monday into SSL after confirmation.
TP: 0.63360
SL: 0.63850
AUDUSD - Look for a sell !!Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fulfill the imbalance and then to reject from bearish OB + institutional big figure 0.63000.
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Buy audusdStrong buy expected
Daily weekly oversold pair
Strong buying level just wait to LTF confirmation then enter into buy
AudusdThe general trend is down and there is a downtrend. The stop and stop loss are shown in the picture.
