AUD/USD Weekly Forecast: Double Top Resistance as Focus Shifts to FOMC and RBA
AUD/USD Weekly Forecast: Double Top Resistance Main Points: The AUD/USD pair ended the week with a 0.83% gain despite mixed economic data. Charts show potential bullish signs with the pair closing above the 20-day SMA. FOMC interest rate decision and RBA’s minutes will drive market sentiment next week. Weekly Overview The AUD/USD currency pair had […]
AUD/USD Weekly Analysis: USD Strength and China Woes
AUD/USD Weekly Analysis: USD Strength & China Woes Main Points: AUD/USD faces a bearish week due to a stronger US dollar driven by Fed rate hike expectations. Weaker economic data from China, Australia’s largest trading partner, adds to the pair’s challenges. Technical analysis indicates a break below the 0.64 support level, potential further decline to […]
AUD/USD Analysis: Bearish Momentum & Volatility
Main Points: AUD/USD analysis exhibits bearish momentum following a double top formation. Technical analysis reveals a breakdown of the plotted trendline, indicating seller strength. Volatility analysis using a Volatility Heat Map provides key insights for traders. AUD/USD – Bearish Momentum and Trendline Breakdown In this week’s AUD/USD analysis, we continue to observe the bearish bias […]
AUD/USD Weekly Forecast: All Eyes on RBA Meeting
Main Points: 1. Mixed week for AUD/USD, encountering resistance at 0.7400 and support at 0.7220. 2. RBA meeting on Tuesday, the potential impact on the pair’s direction. 3. Key technical level at 0.6500 – a crucial resistance for AUD/USD. Market Overview The AUD/USD currency pair had a turbulent week, facing resistance at 0.7400 and finding […]
Down Under Downtrend: Daily Analysis of AUD/USD’s Bearish Run
Main Points The AUD/USD pair is experiencing bearish pressure on the daily chart, primarily after breaking a key support level. A double-top pattern suggests potential for continuation of the bearish trend. Traders should be cautious about early sells, as several retracement areas could still come into play. Current Market Sentiment and Technical Indicators The daily […]
How to Trade AUD/USD This Week: Key Factors and Levels to Watch
Navigating AUD/USD’s Waters: Daily Outlook Main Points: Impact of rising US yields and latest news from China. AUD/USD’s position in a descending trend channel. Key technical levels to monitor in the coming week. The Pulse of US Yields and China’s Whispers The recent surge in US yields, owing to market anticipations of the Federal Reserve’s […]
AUDUSD Daily Analysis: Harmonic Butterfly in Bearish Terrain
Main Points: The AUDUSD daily chart reveals a pronounced bearish shuffle. It’s nestled within a significant support zone, harmonizing with a butterfly trading pattern. This confluence augments the anticipation of an upward reversal. Current Technical Landscape On delving into the daily dynamics of the AUDUSD, one can’t help but notice the prevailing bearish rhythm that […]
Charting a Course to Success: Riding the Rising Wave with DSS Oscillator!
Alright, folks, let’s take a closer look at our charts. In the daily graph, we’ve got the DSS oscillator showing signs of an incoming bullish trend. Moving on to the 4-hour chart, the momentum oscillator is pointing towards an upward swing, even when the price is moving sideways. Now, we can’t make any hasty decisions […]
AUD/USD – Will the resistance level stop the positive momentum
The AUD/USD closed the month and the year positively. However, the price is still below the recent swing high of 0.6963. Meanwhile, the bullish engulfing bar in the immediate background threatens the recent rally. The bullish crossover between the 50-day and 100-day moving averages is a positive sign for the pair. Moreover, the price is […]
AUD/USD – We may see an upside correction?
The AUD/USD price paused the upside momentum around the 200-day SMA near 0.6900. The price rejection turned into a bearish engulfing pattern, suggesting a strong downtrend ahead. However, the price saw mild support by the 100-day SMA. We may see an upside correction on the lower timeframes before the resumption of a downtrend. The 0.6685 […]
