Topics Columnists

Trending Topics

Russia-Ukraine Conflict

The war between Russia and Ukraine continues, and it is difficult for the two sides to reach an agreement in negotiations. Western countries have imposed several rounds of sanctions on Russia. The outlook is unpredictable.

The Fed

The Federal Reserve (Fed), or the central bank of the United States, is responsible for regulating the U.S. monetary policy and interest rates. As a provider of liquidity for world trade, the Fed is also known as the world's central bank. Its every move affects the global economy and financial markets.

China-U.S. Relations

Focus on Pelosi's Taiwan Visit ! How will China-U.S. relations develop in the future, win-win cooperation or confrontation?

FastBull Spotlights

Pick the most insightful news around the world for you!

Top Columnists

FastBull Featured

The latest breaking news and the global financial events.

FastBull

Hi there! Are you ready to get involved into the financial world?

Devin

I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.

Winkelmann

7 years of stock market, foreign exchange, precious metal and other trading and analysis experience, based on fundamental, technical support, biased towards the top-down transaction logic, focusing on macro cycle and risk control, multi-purpose supply and demand theoretical prediction price Changes, balances the impact of transactions, chips distribution and market sentiment, and steady.

Trading AcademyTradersDaniel Market Outlook

Latest Update

XRP Went Wild, Why? Ted Cruz Tried to Block CBDC?

The bankruptcy case for Celsius has approved a settlement plan for custody account holders, allowing them to receive 72.5% of their crypto holdings. XRP had a 30% surge as Ripple defendants heralded a positive view in their case with the SEC. U.S. Senator Ted Cruz and Florida Governor Ron DeSantis spoke out against the establishment of a CBDC.

Simple Strategy That Generates 70x Gains In 20 Trades!

We used Python to create a simple trading strategy based on the 200-day SMA and RSI indicators. We backtested this strategy on several popular cryptocurrencies and achieved impressive returns. Join us to learn more about the results of this experiment.

Cathie Wood’s ARK Raised $16M for Crypto! NFTs are Abandoning Solana Platform?

Cathie Wood's fund, ARK, has launched a private crypto fund and raised $16.3 million, and possibility to buy bitcoin, because of she prefers decentralized and transparent investments.Solana-based NFT marketplace Formfunction has closed due to the decline in Solana NFT prices and trading volumes.

SVB and Signature Banks Collapsed?

Signature Bank and Silicon Valley Bank, have caused concern about systemic risk in the U.S. banking sector. Regulators have acted quickly to protect depositors, but will the Fed continue to raise interest rates in March?

Data Warehouse Market Trend Institutional Data Policy Rates Macro

Market Trend

Speculative Sentiment Orders and Positions Asset Correlation

Popular Indicators

Trading Signals

Recommended Signals

Recent Searches
    Trending Searches
      Quotes
      7x24

      View All

      No data

      Scan to download

      Faster Financial News and Market Quotes

      Download App
      Invite Friends

      AUDUSD: Although the Bulls Have Made a Great Response After Testing the Upward Resistance, Further Retracement Could Be Limited

      Forex MarketInflation and RecessionCentral Bank Policy TrendsThe Fed
      Summary:

      The AUDUSD encountered heavy supply on Wednesday and fell back near its weekly lows. An increase in investors' bets on further Fed rate hikes, pushing the USD back towards a multi-week high, was a key driver of the AUDUSD's sell-off tone. The rebound in the next few days may be fragile, and we are looking for a possible downside depletion when the pullback occurs.

      Buy AUDUSD
      End Time
      CLOSED

      0.68300

      ENTRY PRICE

      0.70600

      TGT PRICE

      0.67200

      SL PRICE

      0.67057 +0.00575 +0.86%

      411

      Points

      Profit

      0.67200

      SL PRICE

      0.68711

      CLOSING

      0.68300

      ENTRY PRICE

      0.70600

      TGT PRICE

      Fundamentals

      The AUDUSD was under huge selling pressure on Wednesday and fell further from its multi-week high. The AUDUSD maintained the tone of its heavy sell-off in the early European trading session and is now at a weekly low near the integer threshold of 0.6900, with a slower decline.
      The USD is high near its weekly high as the Fed is expected to tighten further, which is seen as a key drag on the AUDUSD's decline. Investors seem to believe that the Fed will stick to its hawkish stance for longer after inflation remains high. Tuesday's important U.S. January CPI report and comments by several FOMC members confirmed these bets again.
      In addition, the general risk aversion (as depicted by the general weakness in the stock market) further favored the safe-haven currency, the USD. The recent reversal of the yield curve has exacerbated investors' concerns about the upcoming recession and has affected global risk sentiment. This was seen as another factor in depressing the risk-sensitive AUD and driving the tone of selling around the AUDUSD.
      With the AUDUSD falling, spot prices have returned to a support level closer to the 50-day SMA. A convincing break of such a level would be seen as a new trigger for bearish trading and lay the groundwork for the AUDUSD to continue its retracement from its highest level since June 2022. Investors are now shifting their focus from yesterday's U.S. January CPI data to more economic summaries. Among them are the U.S. retail sales in January, the Empire Manufacturing Index, and the U.S. industrial output in January. More risk events, together with the 10-year U.S. Treasury Securities yield, will provide a new impetus to the trading of the AUDUSD.
      AUDUSD: Although the Bulls Have Made a Great Response After Testing the Upward Resistance, Further Retracement Could Be Limited_1

      Technical Analysis

      The AUDUSD rebounded above the main resistance level of 0.7000 early this week. This zone's further rally against bulls produced some significant reactions, with the last attempt triggering a large-scale price reversal. The rebound in the next few days may be fragile, and I am looking for possible downturns in the pullback in order to find more trading opportunities at the bottom of the range.
      The initial support for the AUDUSD intraday decline was at the bottom of the 0.7157-0.6855 downtrend, which was also the bottom of the 0.7060 open sell-off in the supply zone on February 3. Judging from the current state of price decline, the price has not broken out from the fluctuations between the (relative) lows and (relative) highs. Such a situation will not threaten the continuation of a further downward trend, which means that the bears may stop at the bottom of the price range, while the bulls may take advantage of the situation, although it is fragile.
      If the closing price stabilizes above 0.6880, it will mean that the competition between the bears and bulls will continue. More bargain-hunting will push prices above the previous supply zone of 0.7060. If so, the focus will shift to the June high of 0.7200.
      On the other hand, if the AUD proves to be further vulnerable; Just as the bottom range of 0.6855 was broken, the focus will turn to the starting point of the second price rise of 0.6789 on January 7. A broader decline would give the AUD more time-cycle adjustments to its upward momentum.
      On the whole, in the short term, although the upward trend of AUDUSD is facing challenges, the profitable bullish space may still attract many bargain-hunting purchases; After all, the stop loss is very small. It is recommended to buy in at the lows.

      Trading Recommendations

      Trading direction: Long
      Entry price: 0.6830
      Target price: 0.7060
      Stop loss: 0.6720
      Deadline: 2023-03-01 23:55:00
      Support: 0.6880, 0.6855, 0.6879
      Resistance: 0.6941, 0.7030, 0.7060
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or signal, or any other product is suitable for you based on your investment objectives and financial situation.

      Quick Access to 7x24

      Quick Access to More Editor-selected Real-time News

      Full Access to Pro Video Channel

      FastBull project team is dedicated to create exclusive videos

      Real-Time Quotes

      View more faster market quotes

      More comprehensive macro data and economic indicators

      Members have access to entire historical data, guests can only view the last 4 years

      Member-only Database

      Comprehensive forex, commodity, and equity market data

      Eva Chen

      Analyst

      Master of Economics, 8 years in the financial industry, CFA holder, joined HSBC (Hong Kong) Bank in 2013 after graduating from the University of California, USA in the Investment Research and Markets Department. With years of financial market experience and trading experience, having provided excellent investment advice to many brokerages, entity derivatives importers and clients in Greater China.

      Rank

      4

      Articles

      540

      Win Rate

      65.74%

      P/L Ratio

      0.57

      Focus on

      WTI, XAUUSD, USDCAD

      Related Analysis

      XAUUSD: Rise in Gold Prices Was in Line with Our Expectations, with Bulls Still Dominating

      TRADING

      GBPUSD: Although Buying at the Lows Persists, the Lack of Structural Adjustment to the Rising Pace Could Lead to Price Sticking

      TRADING

      GBPUSD: Holding the Key Support Needed, Focus on Upside in the Later Term

      PENDING

      XAUUSD: Focus on Upside in the Short-Term, Going Short at Highs Recommended Before the Weekend

      PROFIT +1365 Points

      EURUSD: Beware of Chasing Highs As Spillover Effects and Bull Profit-Taking Lead to Price Slump

      TRADING
      English
      English
      简体中文
      繁體中文
      العربية
      TelegramInstagramApp StoreApp StoreGoogle Play
      Copyright © Fastbull Ltd
      Home News Columns AI News Economic Calendar Quotes Videos Data WarehouseAnalysis AI Signals Pro User Agreement Privacy Policy About Us

      Risk Disclosure

      The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

      No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.

      Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.