AUDUSD_D📊 Technical Analysis (AUDUSD – Daily Timeframe)
AUDUSD is showing signs of a potential bearish reversal on the daily timeframe.
From an Elliott Wave perspective, the larger wave 5 appears to have completed, suggesting the end of the impulsive structure and the beginning of a corrective phase. This increases the probability of a downside move.
At the same time, a regular bearish divergence is visible, indicating weakening bullish momentum. Price has also reached a key resistance zone, further supporting the bearish outlook.
🔻 Bearish Targets:
We expect a decline toward the following levels:
0.68661
0.67728
0.66535
❌ Invalidation Level:
If price breaks above 0.72275, this analysis will be invalidated.
🌍 Fundamental Analysis (Supporting Bias)
From a fundamental standpoint, several factors support a bearish outlook for AUDUSD:
The Federal Reserve continues to maintain relatively tight monetary policy, supporting the strength of the US Dollar.
Meanwhile, the Reserve Bank of Australia has taken a more cautious approach toward further rate hikes, which can limit upside potential for the Australian Dollar.
The Australian Dollar is highly sensitive to commodity prices and China’s economic performance. Any slowdown in China can negatively impact AUD due to reduced demand for exports.
Broader risk-off sentiment in global markets tends to favor the USD over risk-sensitive currencies like AUD.
📉 Conclusion:
Both technical structure (completed wave 5 + bearish divergence at resistance) and fundamental factors align, supporting a corrective bearish move toward the specified targets. EURUSD_D📊 Technical Analysis (EURUSD – Daily Timeframe)
EURUSD is currently showing signs of a potential bearish continuation on the daily timeframe.
Based on Elliott Wave theory, wave B appears to have completed, and the market is now likely entering wave C, which typically unfolds with strong downward momentum. The structure resembles a zigzag correction (A-B-C).
Additionally, a hidden bearish divergence is visible, reinforcing the downside bias. Price has also reached a key resistance zone, increasing the probability of a reversal.
🔻 Bearish Scenario:
We expect a decline toward the 1.11923 – 1.11492 support zone.
❌ Invalidation Level:
If price breaks above 1.20692, this analysis will be invalidated.
🌍 Fundamental Analysis (Supporting Bias)
From a fundamental perspective, the bearish outlook for EURUSD is supported by several macroeconomic factors:
The Federal Reserve maintains a relatively hawkish stance, keeping interest rates elevated to combat inflation. This continues to support the US Dollar.
In contrast, the European Central Bank faces slower economic growth across the Eurozone, limiting its ability to remain aggressive with rate hikes.
Ongoing concerns about economic stagnation in Europe, especially in major economies like Germany, further weigh on the Euro.
Market sentiment currently favors the USD as a safe-haven asset, particularly amid global uncertainty.
📉 Conclusion:
Both technical and fundamental factors align in favor of a bearish move, supporting the expectation of wave C unfolding downward toward the specified support zone.
If you want, I can also format this into a shorter “TradingView caption style” or add entry/SL/TP levels. EURAUDI am currently looking for buy opportunities on EA, as the higher time frame trend remains bullish.
However, this setup is counter-trend, since the 4H market structure is still bearish.
On the 15-minute time frame, a bullish flip has already occurred, so now the plan is to stay patient and wait for further confirmation, likely into tomorrow’s session.
This zone is a refined demand zone, which previously caused the entire move to the upside, making it a key area of interest.
For risk management:
A conservative stop-loss would be placed below the demand zone, but the risk-to-reward is not ideal.
Therefore, I will be looking for a more aggressive stop-loss placement to improve RR.
Short
