AUD/USD Forex Technical Analysis

Posts: 367 · #136 - July 06, 2020, 04:06:39 PM

Audusd in H1 seems to continue the downward trend, which means dominant down followed by parabolic indicates the price is down so our focus is to go up we are waiting for a correction in the m15 timeframe in the area of with a target at the price of 0.6967 on the M30 timeframe wait to go up first

Posts: 367 · #137 - July 07, 2020, 10:19:15 AM

Audusd in H1 seems to continue the downward trend, which means dominant down followed by parabolic indicates the price is down so our focus is to go up we are waiting for a correction in the m15 timeframe in the area of with a target at the price of 0.6926 on the M30 timeframe wait to go up first

Posts: 161 · #138 - July 07, 2020, 10:55:05 AM

Quote from: Jarratt Davis on November 18, 2018, 02:10:15 PM

AUD/USD Forex Technical Analysis – Main Trend Changed to Up on Weekly Chart

Based on last week’s close at .7332, the direction of the AUD/USD this week is likely to be determined by trader reaction to the Fibonacci level at .7307. The main trend is up according to the weekly swing chart. The trend turned up last week on a move through .7314. The next main top target is .7484. The trend will change to down on a trade through .7020.

The Australian Dollar surged last week helped by numerous factors including a better-than-expected employment report and a softer tone from U.S. officials about global economic growth. The strong Australian Employment Change report and positive Unemployment Rate helped increase the chances of an interest rate hike by the Reserve Bank of Australia. Investors are now pricing in a 40-percent chance of a 25 basis point increase in the cash rate target in August 2019, up from 25-percent.

The AUD/USD settled the week at .7332, up 0.0104 or 1.43%.

The Aussie was further helped on Friday after U.S. Federal Reserve Vice Chair Richard Clarida told CNBC he saw some evidence of global growth cooling. Clarida also noted key U.S. short-term borrowing rates are close to neutral and said being at neutral “makes sense.” Bullish Aussie traders read this comment to mean the No. 2 Fed official may be open for the Fed to pause its rate-hike campaign sooner than previously thought.

Thank you for your explanation about AUDUSD. it is one of my favorit pairs. AUDUSD is so wonderfull pair to get profit too

Posts: 257 · #139 - July 08, 2020, 10:20:51 AM

Audusd seems the trend is facing down and the band bolinger is also down but don't rush open sell wait for candlestick signals that appear first sell in the area around 0.6952 with the target at the nearest support

Posts: 257 · #140 - July 08, 2020, 06:37:40 PM

Audusd seems the trend is facing down and the band bolinger is also down but don't rush open sell wait for candlestick signals that appear first sell in the area around 0.6975 with the target at the nearest support

Posts: 257 · #141 - July 09, 2020, 09:51:12 AM

Audusd seems the trend is facing down and the band bolinger is also down but don't rush open sell wait for candlestick signals that appear first sell in the area around 0.6985 with the target at the nearest support

Posts: 257 · #142 - July 09, 2020, 07:10:16 PM

Audusd seems the trend is facing down and the band bolinger is also down but don't rush open sell wait for candlestick signals that appear first sell in the area around 0.6961 with the target at the nearest support

Posts: 257 · #143 - July 10, 2020, 10:27:12 AM

Audusd seems the trend is facing down and the band bolinger is also down but don't rush open sell wait for candlestick signals that appear first sell in the area around 0.6957 with the target at the nearest support

Posts: 257 · #144 - July 10, 2020, 06:03:26 PM

Audusd seems the trend is facing down and the band bolinger is also down but don't rush open sell wait for candlestick signals that appear first sell in the area around 0.6955 with the target at the nearest support

Posts: 283 · #145 - July 11, 2020, 08:35:42 PM

AUDUSD

the key supply zone remains unchanged 0.70 - 0.6982. lower levels is 0.6903 (monthly and quarterly open) as a support.
I also noticed that yearly pivot level is at 0.6994 so all suggest that this zone is real for big players. hard to predict if this will brake to the upside but for now if us dollar holds in range the same could be here: a range play .

Posts: 364 · #146 - July 12, 2020, 11:46:25 PM

For audusd pair, prices can still be seen rising and trend up on the H4 timeframe as a direction, and indeed we should only focus on buying only under these conditions, the price range we can take is at 0.6932 - 0.6978 and wait for a fractal to form at the M15 timeframe and M30

Posts: 364 · #147 - July 13, 2020, 11:51:24 AM

For audusd pair, prices can still be seen rising and trend up on the H4 timeframe as a direction, and indeed we should only focus on buying only under these conditions, the price range we can take is at 0.6922 - 0.6984 and wait for a fractal to form at the M15 timeframe and M30

Posts: 364 · #148 - July 15, 2020, 12:50:16 PM

For audusd pair, prices can still be seen rising and trend up on the H4 timeframe as a direction, and indeed we should only focus on buying only under these conditions, the price range we can take is at 0.7002- 0.7036 and wait for a fractal to form at the M15 timeframe and M30

Posts: 364 · #149 - July 16, 2020, 09:09:23 AM

For audusd pair, prices can still be seen rising and trend up on the H4 timeframe as a direction, and indeed we should only focus on buying only under these conditions, the price range we can take is at 0.6985- 0.7034 and wait for a fractal to form at the M15 timeframe and M30

Posts: 339 · #150 - July 17, 2020, 12:48:01 PM

Bollinger bands in the audusd pair are still flat and we will still focus on selling at prices around 0.6983 because in that area we will continue the upward trend and follow the big trend, wait for the doji candle on tf h1