AUDUSD London Open Short
AUDUSD SELL
Take Profit 1 - 0.6724
Take Profit 2 - 0.6674
Take Profit 3 - 0.6624
Stop loss - 0.6904
here is my more in-depth analysis of AUDUSD:
The AUDUSD pair has been in a bearish trend for the past few weeks, and it is currently trading near the bottom of its range. The current spot rate is 0.6804, and a sell entry point of 0.6804 is just above the recent low of 0.6784.
There are a few reasons why AUDUSD could continue to fall in the near term. First, the AUD is generally seen as a risk-sensitive currency, and it has been weakening against the USD in recent weeks as concerns about the global economy have grown. Second, the US Federal Reserve is expected to raise interest rates more quickly than the Reserve Bank of Australia, which could put downward pressure on the AUD. Finally, the Australian economy is facing some headwinds, such as the war in Ukraine. These headwinds could weigh on the AUD and lead to a decline in the AUDUSD pair.
Technical analysis:
From a technical perspective, the AUDUSD pair is trading below its 200-day moving average, which is a bearish signal. The pair is also forming a bearish descending triangle pattern, which is a continuation pattern that typically leads to a breakout to the downside.
Fundamental analysis:
The Australian economy is facing some headwinds, such as the war in Ukraine. These headwinds could weigh on the AUD and lead to a decline in the AUDUSD pair. The US economy is also facing some headwinds, but at a slower pace than the Australian economy. This could lead to a relative outperformance of the USD against the AUD in the near term.
Risks:
There are a few risks to consider before entering a trade on AUDUSD. First, the global economy is facing some headwinds, such as the war in Ukraine. These headwinds could weigh on risk appetite and lead to a decline in the AUDUSD pair. Second, the Reserve Bank of Australia is expected to continue to pursue an ultra-loose monetary policy, which could put downward pressure on the AUD. Finally, the Australian economy is facing some headwinds, such as the war in Ukraine. These headwinds could weigh on the AUD and lead to a decline in the AUDUSD pair.
Overall:
I think AUDUSD is a good pair to trade for those who are looking for a short-term bearish trend. However, it is important to remember that the forex market is volatile, and there is always the risk of a reversal. You should always do your own research before entering any trades.
Here are some additional factors that you may want to consider before entering a trade on AUDUSD:
The economic outlook for Australia and the US.
The level of volatility in the forex market.
The price of risk assets, such as stocks and commodities.
Take Profit 1 - 0.6724
Take Profit 2 - 0.6674
Take Profit 3 - 0.6624
Stop loss - 0.6904
here is my more in-depth analysis of AUDUSD:
The AUDUSD pair has been in a bearish trend for the past few weeks, and it is currently trading near the bottom of its range. The current spot rate is 0.6804, and a sell entry point of 0.6804 is just above the recent low of 0.6784.
There are a few reasons why AUDUSD could continue to fall in the near term. First, the AUD is generally seen as a risk-sensitive currency, and it has been weakening against the USD in recent weeks as concerns about the global economy have grown. Second, the US Federal Reserve is expected to raise interest rates more quickly than the Reserve Bank of Australia, which could put downward pressure on the AUD. Finally, the Australian economy is facing some headwinds, such as the war in Ukraine. These headwinds could weigh on the AUD and lead to a decline in the AUDUSD pair.
Technical analysis:
From a technical perspective, the AUDUSD pair is trading below its 200-day moving average, which is a bearish signal. The pair is also forming a bearish descending triangle pattern, which is a continuation pattern that typically leads to a breakout to the downside.
Fundamental analysis:
The Australian economy is facing some headwinds, such as the war in Ukraine. These headwinds could weigh on the AUD and lead to a decline in the AUDUSD pair. The US economy is also facing some headwinds, but at a slower pace than the Australian economy. This could lead to a relative outperformance of the USD against the AUD in the near term.
Risks:
There are a few risks to consider before entering a trade on AUDUSD. First, the global economy is facing some headwinds, such as the war in Ukraine. These headwinds could weigh on risk appetite and lead to a decline in the AUDUSD pair. Second, the Reserve Bank of Australia is expected to continue to pursue an ultra-loose monetary policy, which could put downward pressure on the AUD. Finally, the Australian economy is facing some headwinds, such as the war in Ukraine. These headwinds could weigh on the AUD and lead to a decline in the AUDUSD pair.
Overall:
I think AUDUSD is a good pair to trade for those who are looking for a short-term bearish trend. However, it is important to remember that the forex market is volatile, and there is always the risk of a reversal. You should always do your own research before entering any trades.
Here are some additional factors that you may want to consider before entering a trade on AUDUSD:
The economic outlook for Australia and the US.
The level of volatility in the forex market.
The price of risk assets, such as stocks and commodities.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.