As Forex traders, especially those focused on intraday or short-term strategies, it’s easy to get caught up in the minute-by-minute price action. However, ignoring the bigger picture—specifically, the supply and demand imbalances on higher timeframes—can be a costly mistake. Why Higher Timeframe Supply and Demand Matters Supply and demand zones on weekly, daily, and even...
As we enter the second half of 2024, the foreign exchange market is buzzing with activity, and one currency pair has captured the spotlight: AUDUSD. The Australian dollar’s recent surge in August 2024 against its US counterpart has left traders and investors pondering what factors propel this dynamic upward trend. Is it a reflection of...
AUDUSD forex cross pair is rallying strongly and created a longer-term new weekly demand imbalance around 0.65 price area. There is a clear uptrend, so if you are a shorter-term or even a longer-term trader, only longs are possible on the AUDUSD forex cross pair. You can use this longer-term trading analysis for AUDUSD to...
AUDUSD Forex cross-pair is in a clear weekly downtrend using supply and demand imbalances. AUDUSD Forex cross-pair forecast is bearish. Monthly and weekly timeframes are in a clear downtrend creating strong weekly supply imbalances like the last one located around 0.6995. AUDUSD cross pair downtrend forecast As you will see in the supply and demand...