The Aussie is up 2.7 percent against the kiwi this week. If sustained, it would be the pair's largest weekly gain in 5 years. AUD/NZD is holding above 1.0762 (200 DMA) for the past three sessions. A weekly close above 1.0821 which is 38.2% Fibo of Sep/Nov fall reiterates bullish bias which would then propel the pair towards 1.0920 targets. Aussie is subdued on...
Interest rate differentials and the divergences between RBA and RBNZ likely to push AUD/NZD higher RBNZ is expected to cut interest rates in the December meeting while the RBA have signalled that they are on hold for the time being Momentum studies are positive, pair could test 1.0921 50% of Sep/Nov fall, close above 1.0762 (200 DMA) & sustained 1.0821 38.2%...
Over the past months AUDNZD has been forming a triangle which has held up very good, with some reversals that have been very exact on both upper and lower border of the formation. As put here RISK:REWARD is about 1~5. Notice a significant improvement of this could be had with a different entry. An entry at the first touch of the drawn line could potentially make...
A recent series of NSL's was stopped by a NSH violating LH. Thus the last NSL is now considered to be a false breakout. As price moves in trends there's a high probability of another up impulse appearance. I expect at least a retest of the NSH. Bat pattern gives us a very nice risk to reward so we can enter this trade using it)
The only tools we are going to use are resistance and support Lines, trendlines, EMA 10 and EMA 20. The strategy step by step is the following: 1) In the 4hour chart we draw the support and resistance Lines of major levels. We also get an idea of the intraday trend. 2)Then, we are going lower to 1 hour chart. We try now to draw channels or trendlines. Again we...
The 1.0900 was a classic ABCD (blue pattern) and touched the 0.618 retracement before a strong bull bar. I am still expecting to go lower to 1.0750 area with SOT (Shortening of the Thrust) pattern. But for the moment, testing 1.1300 - 1.1350 resistant zone and rejection pattern on that zone will lead the price down to test 1.1000 - 1.0750 supports area.
This is a good opportunity to earn a good return. The strong rally from 1.07 was due to the RBNZ Interest rate news. The negative news had a bullish effect on this pair, causing a 300+ pip rally. This rally is into an area where willing sellers overwhelmed demand. Chances are, another fall is likely here. The strong move up means there is no willing demand above...
As the fundamental situation is changing I am looking to join the new up trend building. RBNZ last year was rising rate and now they are thinking to cut, on the other hand RBA after the last cut is becoming more neutral. Technically this cross has made a new higher high coming from an all time low, at the moment it looks too stretched and in need of a technical...
Decline to 1.004 completed wave V of (C) as seen in the weekly chart (see related ideas below). Rally from this level took the form of a double correction (w)-(x)-(y) where wave (w) ended at 1.05098, wave (x) ended at 1.034, and wave (y) of ((w)) completed at 1.0895. Wave ((x)) pullback is currently in progress and can reach as low as 1.0343 - 1.045. Short term,...
We are waiting for any sort of pullback or consolidation. Considering the recent fundamentals, nzd remains bearish. I hope to see a pullback at the 0.618 fib to get a long position. If we see a pullback at the 0.50 fib we can also have a Long entry with a short term target at the 0.618 fib, but i don't think it will happen, momentum is too bullish.
IM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000)....
This particular currency pair representing the two neighbouring economies with some similarities yet different dynamics in which one has larger dependence on mining resource and the other on dairy produce has been in very large sideways move in almost unrecognisable swings and patterns. This is so until you zoom out using larger time frame and look back with...
Friends, I am re-posting this analysis in a new discussion thread, as we near a new trading month. I will cut/paste the analysis, as it reviews major bank FX positioning, technical analysis, and predictive/forecasting data. All this coming up in the discussion thread next. Thank you. David Alcindor Predictive Analysis & Forecasting Denver, Colorado -...
AUDNZD is aproaching into 50% retracement at 1.1097 of the previous up move from 1.0915 to 1.1279. 1..1110 is also the 100% extension equal legs. The confluence of this important fibs should produce a bounce and give me the chance to create a risk free position.
It looks AUDNZD completed Wave of Wave at 1.1138 Murrey Math level. We still need to see a bearish reversal confirmation but 1h momentum already diverged. It is impossible to guess the depth of Wave correction but my favorite is 1.1047 levels which is 50% of the Wave . Cycles i follow shows bearish movement until next weekend. .
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept. *Please hit the zoom-out button once* (or more if you're feeling wild) This may look like a mess, but the last few "bars" on the chart are holding some useful information! I'm sure I'm not the...
Friends, WHAT MY ANALYSES IS AND IS NOT: Before I gladly answer a request for a medium-term and short term predictive analysis and forecasting for this $AUDNZD pair, I would like to caution the trader by saying two things about the purpose and manner in which I render the predictive and forecasting values. First: My predictive analyses and forecasts are...
This pair is about to complete it's first leg of correction, and can be sell for target 1.099 to 1.0760 area