Tag: AUDUSD Analysis

This is a currency pair I wouldn’t trade today

I’m always looking for currency pairs that have a clear market condition, once I find something interesting I start monitoring it…

I understand that sometimes there are currency pairs that are difficult to trade, but this one, it’s right on the extreme:

It’s the NZDUSD 4H chart… please don’t tell me you are trading it…

It’s weird though, the AUD and NZD tend to move in the same direction, yesterday I talked about the AUDUSD, it is trading in a very clear short term range, but the NZDUSD, it’s a joke.

What do you think?

Cheers,

Raul Lopez
Forex Course

AUDUSD Analysis, forex, NZDUSD Analysis

Would you trade this short term range in the AUDUSD?

Hope you had a great weekend!
This week we have important fundamentals announcements, including: non-farm payrolls and ECB interest rate.
Will they move the market? I don’t think so, I think this week is going to be quite, of course, every time I say this, the market moves like crazy :)

We’ll see what happens…

Anyway, what do you think about this range on the AUDUSD:

Would you trade it?

I think I am, but would like to hear your opinion about this one…

Cheers,

Raul Lopez
Forex Course

AUDUSD Analysis, forex

Short signal on the AUDUSD

Did you see my post yesterday? I was looking for a short opportunity and now the market has retraced back to its resistance level and formed downward pressure (my trigger signal).

This is how the chart looks like:

It is still a pending order and here are the details:

Entry stop order: 1.0284
SL: 1.0342
TP: Open target

What do you think of this trade?

Trade Safe!

Raul Lopez
Forex Training

AUDUSD Analysis, forex

Still looking for short opportunities on the AUDUSD

How did you do last week on the NFP report? I took a couple of days off, I don’t like the way the market behaves before the NFP…

Anyway, looks like the AUDUSD is still trading in a very clear bearish condition, it is probably the currency pair that is trading in the clearest market condition on both, the long and the short term charts.

There is the range on the short term charts:

I’ll be looking for short opportunities as long as it trading below 1.0332

Trade Safe!

Raul Lopez
Forex Training

AUDUSD Analysis, forex

AUDUSD, more than 500 pips to go

What do you think about the AUDUSD? I’d say it is clearly bearish, without a doubt.

As soon as I get my signal I’m going to short it.

Here is the daily chart:

See where the next LT support level is at?

It is more than 500 pips away from where it is currently trading at.

This leads to the question: Where would you set your take profit order at?

Let me know what you think.

Cheers,

Raul Lopez
Forex Coaching

AUDUSD Analysis, forex

If you are looking for shorts on the AUDUSD I’m with you

Yesterday I talked about the EUR crosses, most of them are still trading in a bullish condition. Did you trade any of them?

The AUDUSD is another one I feel comfortable trading it. Take a look at the long term charts, it is probable the pair that I like the most today:

See where it is currently trading at? It is a 1.0377, and the next LT support level is at 0.9706, do your math!

What do you think?

Good luck!

Raul Lopez
Forex Coaching

AUDUSD Analysis, forex

Yes, the AUDUSD broke the bottom of the range

Hey, how is your trading going so far this week?

Yesterday I talked about the AUDUSD, it was trading in a short term range. But guess what? Earlier this morning it broke through the bottom of the range:

What does this mean?

That the market is likely to continue its way down until it reaches its next LT support level.

So as long as it trades below green level at 1.0625 I’ll be looking for short opportunities.

What is interesting about the AUDUSD is that the next LT support level is at 0.9706. Enough pips don’t you think?

Trade safe!

Raul Lopez
Forex Coaching

AUDUSD Analysis, forex

Are you trading the AUDUSD?

If you are, I hope you are tasking in consideration the short term range it is currently trading in. It’s not a bad idea to look for trade opportunities on the extremes of the range.

Long opportunites around the bottom of the range and short opportunities around the top of the range:

And of course, be ready to trade if the market breaks either extreme of the range.

¿What do you think?

Trade Safe!

Raul Lopez
Forex Coaching

AUDUSD Analysis, forex

I will look for long opportunities on the AUDUSD

One of the currency pairs that I’ll be monitoring today is the AUDUSD. I like it because of two reasons:

  • on the long term charts it is clearly trading between consistent support and resistance levels
  • and on the short term charts, it just broke through the top of the range

With the AUDUSD  in a clear bullish market condition, only long opportunities will be in play.

I have my next LT resistance level at 1.0750

Good luck on the week ahead!

Trade Safe!

Raul Lopez
Forex Training

AUDUSD Analysis, forex

Update on the AUDUSD

On a recent post I wrote about the AUDUSD, back then it was trading in a bullish condition, it was clear that it broke through an important ST resistance level, but it retraced back and started to trade again in a short term range:

How did this change what I thought about the AUDUSD?

Well, it broke through the ST resistance level, but it retraced back and traded again inside the range, so what I did is just increased the size of the short term range. Now I need again the AUDUSD to break the new range before I start looking for trade opportunities.

Trade Safe!

Raul Lopez
Forex Course

AUDUSD Analysis, forex