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Aud_usd

AUDUSD Short with "candyland" of liquidity and bullish BOS HTF Since the price lacks liquidity to take and above there is a lot, I can project a liquidity takeover that in turn would entail a break of bearish structure in high temporalities and with it a possible retreat to discounts to continue rising. Rsi closed above the orange level is a good confluence. Caution because even with this liquidity taking there is still a lot of liquidity in high zone. Invalidity levels above 0.75902.
Short
by Smart_Trading_Ipda
Aud-Usd and some considerationsI draw inspiration from a brief analysis of AUD-USD to make some considerations on the moment we are living. In recent weeks the world economy has been in difficulty because of Covid-19, however, from a rapid comparison of the data, we can see how the Australian economy has strengthened over the American one since the beginning of the year. Under normal conditions, I would be looking for a level where to buy the currency pair. But that of Covid-19 is not a crisis like any other. We have seen this in several respects, such as the total uncorrelation between American equities and safe-haven currencies (CHF and JPY). If you take the chart with the comparison of the two markets, you can see that since March the USD-JPY and S&P 500 Futures have moved almost following an inverse correlation. That is because investors have preferred the US dollar as a safe-haven currency. You can also see this aspect with the chart above, that compares AUD-USD (in red) always to the S&P 500 Futures (in blue). Here you can see a perfect correlation between the two markets. What does this mean? It means that if the American market starts a new bearish phase, the fundamentals of the two economies will not matter; Aud-Usd will follow the movement of the S&P 500 Futures. In conclusion, with the Covid-19 crisis, everything it is cancelled, also for the great liquidity that the central banks are putting in the markets. Markets must be “navigated on sight”; surely when the situation will normalise, there will be great opportunities, but for the moment caution is needed.
by TradingwDavid
Hidden divergence on AUDUSD?EM FX and commodities currencies are fairing pretty well since the start of the year, but market sentiment may change with the coming of the new quarter (market participants may focus more on the US during the second quarter with perhaps a realization that the first quarter slow down was temporary). On a technical basis, I see reason to be cautious on the AUD/USD as prices hit a long term trendline near $0.77. Note the more pertinent trendline further above at around $0.806. If prices remain below $0.77 and start declining this week, we could see a sustainable top put in place with a hidden negative divergence evident in the RSI. Such a technical set up would suggest a sharp fall in the Aussie exchange rate in April with perhaps a fall back to the annual lows (or even further) by June.
Short
by ABRAK75
$AUDUSD Wolfe Wave, Point 4 In SightHello Traders, In this Wolfe Wave I want to highlight the internal moves between the points. Points 1-2: You want to look for an abcd pattern in the development of points 1-2. Though it is not always the case this usually helps define whats coming later on. ab=cd Points 2-3: Similar to 1-2, 2-3 also forms an abcd pattern. 2-3 is typically the longest wave in length and time. It can also possess more complex internal wave patterns as the points are being created. Points 3-4: This path is similar to point 1-2 as it forms another, smaller, abcd pattern. If point 1-2, for example, is an impulse move, look for 3-4 to act in the same manner. Points 4-5: There are a number of moves that can develop between these points, another abcd, ZigZag pattern, or a swift move to the downside is possible. This move is really what I am interested in seeing in this chart! Finally, I want to hone in on the 1-4 trajectory line and how it can potentially help us figure out where point 4 is. Notice how I place the trajectory at an angle that acts as an anchor throughout the formation of this Wolfe Wave. I would also be interested to see how this plays a role in this formation. If you find this chart helpful please let me know by liking and following! :-} Thank you, -Chartistry
by GWaves
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