AUDNZDTechnical:
Potential Double Top on Daily Timeframe.
Possible rejection at the 200 ema.
Price recently broke out of downtrend dated back to May and could be in position to retest the previous low from November.
Fundamental:
New Zealand has a higher interest rate having hiked twice currently at 0.75 from 0.25 and expects to get to 1.0 sometime next year. They plan on 4 hikes since they started ending towards the end of next year while Australia although considering to still make that decision, have sentiment that it may not need to hike until 2023. New Zealand has more reason to start taking action to strengthening their economy. I usually wouldn't trade a lower GDP country on the bull side however, I'm going off the interest rate hike news for an economy that's trying to recover. Higher interest rates, stronger dollar, given historical chart data even if priced in, I want to see if we can get a boost somewhere in the future for the NZD.
Not Advice!
Trade could go wrong but that's why we keep practicing!
Aud-nzd
AUDNZD potential for bounce! | 16th Dec 2021Prices are on bullish momentum and abiding to our ascending trendline. We see potential for a bounce from our buy entry at 1.05596 in line with 100% Fibonacci extension and 127.2% Fibonacci retracement towards our Take Profit at 1.06539 which is an area of Fibonacci confluences. Technical indicators are showing bullish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short-term analysis of the AUDCADHere's the analysis for AUDCAD in H4 time frame, We expect some corrections and after that continuation of the upward trend.
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💡AUDNZD | The best scenario for falling in 1h time frameIt seems that with the trend line broken, we should see the AUD down in the coming hours. The area we are in is a very low risk area for sell. You can use the lower trigger time frame to enter.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
AUDNZD is on bearish momentum! | 9th Dec 2021Prices are on bearish momentum and abiding to a descending bearish trendline. We see potential for a dip from our sell entry at 1.05360 in line with an area of Fibonacci confluences towards our Take Profit at 1.04738 in line with 78.6% Fibonacci retracement. Technical indicators are showing bearish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDNZD bearish continuation | 7th Dec 2021 Price is abiding to the descending trendline resistance on the daily, signifying an overall bearish momentum. We can expect price to drop from the pivot in line with 78.6% Fibonacci projection and 61.8% Fibonacci retracement to the 1st Support in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection. Our bearish bias is further supported by the stochastic indicator where the %K line is at the resistance level.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUD/NZD Ready to Long!Hello Traders
AUD/NZD aiming for a long rally.
Here is why:
-Price bounced twice from big support structure and retraced(fib:0.236) last weave.
-Bullish Bat Pattern has been completed.
-RSI downward Trendline is broken.
-We can see same Bullish engulfing patterns.
-Broken downward Trendlines.
Thanks for Reading
Team Fortuna
-RC
AUDNZD is on bearish momentum! | 1st Dec 2021Price are on bearish momentum and abiding to our bearish trendline . We see potential for a dip from our sell entry at 1.04559 in line with 50% Fibonacci retracement and 61.8% Fibonacci extension towards our Take Profit at 1.03874 which is an area of Fibonacci confluences. Technical indicators are showing bearish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Aud/Nzd Long Opportunity Please see above analysis off Aud/Nzd.
This pair has gone through a nice impulse, correction and we are now in the impulse phase again.
We have recently broken the descending channel and we are retesting a key structural level.
We are targeting the previous swing high.
As always please let me know in the comments below your thoughts on Aud/Nzd and if you this is a pair you are currently watching.
Have a brilliant week!
The Fx Chartist
AUDNZD is on bearish momentum! | 30 Nov 2021Prices are on a bearish momentum. We see potential for a dip from our sell entry at 1.04559 in line with 61.8% Fibonacci extension and 50% Fibonacci retracement towards our Take Profit at 1.03874 which is an area of Fibonacci confluences. RSI is showing divergence, further supporting our bias.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUD/NZD Bullish Gartley patternHello Traders
A possible Bullish Gartley pattern has been shown in chart.
Beside gartley pattern, there are other reasons that we should know:
1- We can see a double top pattern.
2- RSI is showing a RD-.
3- looks like price is moving toward key level fib 0.5.
(*PS: Market is still too Risky due to new corona's variant concerns, so manage your accounts carefully)
Thanks for Reading
Team Fortuna
-RC
AUDNZD is on bearish momentum! | 30 Nov 2021Prices are on a bearish momentum. We see potential for a dip from our sell entry at 1.04559 in line with 61.8% Fibonacci extension and 50% Fibonacci retracement towards our Take Profit at 1.03874 which is an area of Fibonacci confluences. RSI is showing divergence, further supporting our bias.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDNZD can break the channel? 🦐AUDNZD on the daily is trading near to the weekly support into a retracement channel.
The market is now testing the upper trendline and according to Plancton's strategy if the price will break above and satisfy the ACADEMY rules we will set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDNZD Channel Breakout Finally, the price broke above the channel on Nov 21, and after a minor consolidation, the recovery continued. This confirmed a legitimate breakout, indicating a possible trend change.
next target is 1.0525 / 1.0590
Fundamentally, traders Betting RBA Will Soon Follow RBNZ May Have to Wait
AUDNZD is on a bearish momentum! | 23 Nov 2021Prices are on a bearish momentum and consolidating in a parallel channel. We see potential for a drop from our sell entry at 1.04242 which is an area of Fibonacci confluences towards our Take Profit at 0.67023 in line with 78.6% Fibonacci retracement and 100% Fibonacci extension. Technical indicators are showing bearish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDNZD short has presented📉👍Trade details for current trade are shown on the chart.
Using POW reversal strategy for this trade.
We are working the 30M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Previous trades five trades can be seen on chart.
This trade is looking to go 6 out of 6 on this strategy!
Trade history can be seen at the foot of this trade idea too for full transparency.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
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Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
Darren
AUDNZD Downside ContinuationWelcome back!
Please support this idea with a LIKE and COMMENT if you find it useful.
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Price is currently forming a corrective structure on the Daily and we could see further bearish movement from the 50% fib level (resistance area).
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
- BKH