AUDNZD Bull FlagHey traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.109 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Aud-nzd
AUDNZD Very strong long-term Channel UpThe AUDNZD pair has been trading within a Channel Up since the November 19 2021 Low. The price only broke outside this pattern twice but was limited to the -0.236 Fibonacci extension (March 15 2022) and the 0.236 Fibonacci extension (May 04 2022).
The 1D MA50 (blue trend-line) has been holding as a Support since March 17. The price is now on the 4th straight red 1D candle following the Channel's recent Higher High and the level to buy is either at the bottom of the pattern (around the 1D MA50) or if the 1D RSI hits its Lower Lows trend-line first. Target: the top of the Channel Up.
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AUDNZD long AND RBA rate statementHey traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.10800 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
AUD/NZD | Long Assumption | Rate NewsExpecting upside moves on the AUD in the coming half-hour off the back of strong rate hikes expected out of Australia. Monitoring current position for a break of resistance, signaling a strong rally to indicate TP-1 level. I will update this post as this continues to play out.
AUDNZD Quick Sell TradeThis is a counter trend trade.
H1 has shown a high yesterday at 1.1075
There is a M15 Double top.
Harmonic pattern present.
AUDNZD: A Short-term Buy Opportunity-INTRODUCTION-
AUDNZD has been moving in a horizontal channel after reaching a new high at the 1.1110 level. The new high has not been retested. Therefore, we will continue to look for buy opportunities after a pullback.
Check out our previous AUDNZD pullback trading ideas below.
AUDNZD | Bullish Structure 💡- The trade can be a slow burner, but it has the potential to continue a bullish move since it's trending towards the upside on most higher time frames.
- We are seeing a 4-hour bullish engulfing candle formation in process, suggesting bull power in the market as well as a recent MA crossover.
- If resistance will be broken, we could potentially see a push > exhaustion scenario before a continuation move up.
HOW TO reverse AUDNZDUsing POW reversal strategy on this trading idea.
Working AUDNZD on the 30M
Strategy is set to work my chosen session times hence red shading showing when I don't trade.
Chart shows a label which details all trade rules for the current live trade.
That trade is another short trade like the previous trade which can be seen on chart.
Blue lines show TP points, Red lines are SL points and yellow lines are my entry points.
Good reverse scalping strategy with stats to back it up.
AUDNZD: A Buy Setup Targeting the Previous HighLast week, AUDNZD has reached a new high at the 1.1100 level. The trend of AUDNZD is persistent; when the price has reached a new high, that means the trend will not easily reverse for a period of time. Therefore, we are looking for buy entries to capture any retracement from the previous high.
The price has retraced to 1.0980 level,which is the previous resistance level from where the price broke up. From the 1.0980 level, we can see that the price has formed a double bottom pattern, followed by the price breaking the neckline area. Then, we can see that the price further broke the descending trend line. Therefore, a strong bullish momentum has taken place at this level. We are waiting for the price to retrace to the neckline area. From there, we will enter buy positions and target the recent high of 1.1100 level
💡Don't miss the great buy opportunity in AUDNZDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.1006).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDNZD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 1.1076
TP2= @ 1.1110
TP3= @ 1.1148
TP4= @ 1.1194
TP5= @ 1.1234
SL= Break below S2
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💡Don't miss the great buy opportunity in AUDNZDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.1006).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDNZD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 1.1076
TP2= @ 1.1110
TP3= @ 1.1148
TP4= @ 1.1194
TP5= @ 1.1234
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AUDNZD - BUYAUDNZD has been in an upward trend for months. Now that it has broken the recent high, there are reasons to believe it will continue its trend and retesting the support zone it currently approaches. Using the Fibonacci tool it was determined that the support structure lines up well with key levels on the Fib tool. This also indicates that the support is a good level from which the start the continued move to the upside.
If you agree or disagree please share your opinion with me in the comments.
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AUDNZD | A SLOW BURNER TRADE BUT LIKELY PROFITABLELooks like a great trade with recent broken resistance, with bullish engulfing candlestick
this tells me a continuation is very likely to happen, the higher timeframes are also very bullish,
and some fundamentals are also in favor of this trade.
Here are the levels to trade and manage your risk
📍 SL - 1.0896
💰 TP1 - 1.0996
💰 TP2 - 1.1036
💰 TP3 - 1.1136
AUDNZD ShortMarket break previous Higher Low and now we set up a FIB retracement for a pullback to take a short.
Dominant Currency Sentiment – JPY Remains SupportedAntipodeans leading to the upside, with some support garnered from the PBoC’s efforts to prop up China’s economy, including easing its RRR and an injection of CNY 10 billion via 7-day reverse repos.
However, despite the above, concerns surrounding the global economic outlook are continuing to grow, pulling the antipodeans off their best levels and supporting JPY, which also remains supported across the board. As such, AUDJPY is quickly approaching the 92.00 handle, while NZDJPY was unable to hold the 85.00 handle after briefly breaking above in late Asia-Pacific trade.
Looking ahead, today’s economic calendar is light on tier one data, keeping the market’s attention fixed on ongoing themes such as the global economic outlook, China’s economic outlook/lockdown and policy divergences between central banks.
AUDNZD: A Sharp Price Rejection from the Key Resistance LevelAUDNZD has reached a key resistance level of 1.1000, followed by an immediate sharp price rejection (a doji star plus a large bearish engulfing candle). Since 2020, all two long-term bearish reversals have occurred from this level. However, we know that the trend of AUDNZD is persistent. Therefore, we want to make sure that a reversal has actually occured before throwing in sell positions. It is good to enter the market late but right rather than early but wrong.
Entry Criteria:
After a rejection from the 1.1000 level, the price has reached a support level of 1.8000-1.8200. From here, we expect the price to bounce up again to retest the high, or if not, the 1.0900 level. If a reversal has really taken a place, then the price should break the support area of 1.0800, plus a daily candle closing below that support level. Only then, we can prepare our sell entries at the neckline area to capture the retest and ride the wave down to the first target of 1.0600 level.
AUDNZD ShortThe market now at's peak on-trend and not making new higher highs also have weak candles now.
I think the market makes double top now and move down to short. It's looks like a high probability trade.
AUDNZD Long-term sell opportunityThe AUDNZD pair broke above its August 2020 Lower Highs trend-line in late March and is now approaching the 1.104500 Resistance. This is similar to the late October 2017 break-out above the Lower Highs. In fact the two phases seem identical on a wider 3 year scale.
The 2017 fractal reversed soon after it broke above the Lower Highs and initially reached as low as the 0.618 Fibonacci retracement level. That is currently just below the 1.04000 level, and is our long-term target on the AUDNZD pair. Notice that the RSI on the 1W time-frame is at the highest level since July 2008 of the subprime mortgage crisis.
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Today’s Notable Sentiment ShiftsAntipodeans – AUD and NZD lost ground on Thursday as markets wagered on an ever-more aggressive cycle of rate rises by the FOMC that would threaten both the outlook for global and the bull run in commodities markets.
Additionally, Reuters notes that “investors are also beginning to fret that such drastic tightening is likely to slow economic growth across the developed world and risk recession, particularly in Europe where energy costs are soaring. That outlook would not be especially bullish for commodity demand overall, even if a protracted conflict in Ukraine tended to keep energy prices higher for longer.”
AUD/NZDThe AUD/NZD has been steadily advancing towards the previous higher high. This week or next week, I expect it to set a new higher high. Although I may be a little early, I will increase the size as I keep a careful eye on this.
