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Audusdshort

AUDUSD selling opportunity | 22 Nov 2022After price was significantly hiked upon news of softer than expected US inflation data on 11 November, a ranging AUDUSD can be seen early in the past week as competing macroeconomic events in the US and Australia left traders conflicted on price direction. However the first signs of a potential reversal could be seen late on 16 November when the release of US core retail sales data boosted investor confidence on consumer spending, which increased the prospect of inflation motivated Fed rate hikes and pushed AUDUSD down. Despite tight employment data from Australia being released shortly after that threatened to turn the downside move merely into a retracement on a larger bullish trend, hawkish statements from US Fed members decisively led the transition to a bearish bias. The downside move led prices to test the support level at 0.66500 which coincides with the 38.2% Fibonacci retracement. Price subsequently rebounded, but a breakthrough of the channel late on 22 November indicates a continuation of the downside move. Stochastic RSI is declining from the overbought region back past the 80th percentile level, supporting the bearish bias. We forecast a breakthrough of the 0.65800 support level to reach the next support level at 0.64000 which coincides with the 100% Fibonacci extension level. Tomorrow (23 November), a slew of US economic data expected to be released could trigger a break below the support zone, providing the bearish acceleration to the next support target.
Short
by T3-Consultancy
EURUSD Forecast: Swing Trade IdeaHey trader. As you can see the price is currently running in the double tops L1 and below the 50 and bearish crossed short-term MAs. It is preparing to drop for the patterns L2 and L3 together for the 200 MA (that's visible on the MT4 chart). But the price will confirm that once it has bullishly spiked the Mini Daily H&S Neckline with a bearish candle close below the key level, 50 and 8 MAs (again). That will confirm both trade's biases. However, if the price rallies to break and retest the 1st 4H Key Lvl and 21 MA, that will reject these trade ideas. With that in mind, DO NOT TAKE THE TRADES, because this isn't financial advice. I'm just sharing my point of view, which you also can do in the comments section below. I don't mind you doing that - I'd love to know your thoughts! That's it for today. I hope you found value in this article. If you have questions or would like to see more content like this one, check the listed articles below then hit the like button and drop your question. ;) Trade Safe, Sphatrades.
Short
by Doji-2k1
AUDUSD - Daily Trade Idea - 22-Nov-22AUDUSD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
Short
by onelinkFX
2
AUDUSD - Daily Trade Idea - 21-Nov-22AUDUSD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
Short
by onelinkFX
AUDUSD H1: Bearish outlook seen, further downside below 0.67200On the H1 time frame, prices are testing the support zone at 0.67200, in line with the 23.6% Fibonacci retracement where a break below this zone could provide the bearish acceleration with further downside seen to the next support target at 0.65500. This 0.6550 support zone lines up with the 61.8% Fibonacci retracement. Failure to break below the 0.67200 support zone could see prices push higher to test the resistance at 0.68000. Prices are holding below the Ichimoku cloud as well, supporting the bearish bias.
Short
by T3-Consultancy