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Aud-nzd

AUDNZD on a channel break ?🦐AUDNZD is moving in a descending channel. The price after a range move between 2 structures is approaching the upper descending channel. According to Plamcton's strategy if the price will break above we will set a nice long order, --–– 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. Leave a comment that is helpful or encouraging. Let's master the markets together
Long
by InkyGrip
COT CURRENCY REPORTAUD, NZD & CAD: No surprise for the CAD to see the biggest net long positioning change among the majors, moving into second place below the EUR. The fundamental outlook for the CAD remains intact after the BOC’s recent hawkish tilt. However, it seems like the BOC has taken notice of the rapid CAD appreciation and have fired a warning shot last week and given the markets an indication that USDCAD is approaching levels that could impact export competitiveness. Even though this doesn’t change the bullish outlook, it does pose a risk in the med-term. For the AUD, the focus in the week ahead will turn to jobs data but also the Iron Ore prices. After a stellar run to the upside, it seems that China has finally stepped in to try and cool down the meteoric rise by banning steelmakers in Tangshan City (14% of China’s steel production) from fabricating or spreading price-hike information. The move worked as Iron Ore prices took a tumble, but it’s worth noting that both Iron Ore and Copper saw some profit taking and overdue mean reversion earlier last week as well. With strong trends like these, seeing some pullback is to be expected, and as such they will be sensitive to potential bigger price reactions on news like this. For now, the med-term bias for the AUD remains intact, but this is something to keep in mind as a substantial correction in Iron Ore is expected to weigh on the Antipodean currency. JPY, CHF & USD: US 10-Year Yields and US Real Yields remain the biggest focus for the USD and the JPY. After the big beat in US CPI, we saw US10Y resume its med-term uptrend, and saw USDJPY push higher as well. As long as US10Y remains firm, we would expect that to put more upside downward pressure on JPY. As for the USD, a key focus point right now is real yields. A move higher in nominal 10-year yields will not be a lot of help for the reflation-battered Dollar if real yields continue to stay suppressed. GBP: The bullish bias for Sterling remains intact. Recent data has made it clear that the economic recovery is well underway, and markets are looking towards this week’s economic data to confirm that view. The wild card to track in the week ahead is the virus situation as new cases of the Indian variant has been a concern. PM Johnson warned on Friday that the variant could pose a challenge to their reopening plans. For now, everything seems under control, but this is a development to keep close track of. EUR: Still the biggest net-long position among the majors. There are still issues surrounding the fundamental outlook for the single currency, but despite that the EUR has remained very well supported over the past few weeks as the Dollar has continued to lose favour and as market participants look towards a fast economic rebound once the vaccination efforts allow the EU to lift lockdown restrictions. If the EU can reach some of the targets it has set itself then we could well see a faster recovery playing out in the EU. However, when we compare that potential recovery in terms of growth or inflation differentials or compare the policy response between the US and UK or compare policy normalization expectations it seems the EU is still lagging behind the US and the UK. For that reason, we are staying patient with our med-term bearish view on the EUR for now and will wait for more information on the vaccine and data front before we change our mind. *This report reflects the COT data updated until 11 May 2021.
by thunderpips
1
AUD/NZD:FULL TECHNICAL SCENARIO PROJECTION - SHORT IDEA SETUP 🔔Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good trading day!
Short
by FOREXN1
5
AUDNZD facing bullish pressure | 11 May 2021Prices are facing bullish pressure from ascending trendline support, in line with horizontal swing low support, 61.8% Fibonacci retracement and 78.6% Fibonacci extension . Prices might push up towards horizontal swing high resistance which coincides with 78.6% Fibonacci extension . If prices push down further, prices might take support from horizontal swing low support in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension . Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Long
by FXCM
AUDNZD facing bullish pressure | 11 May 2021Prices are facing bullish pressure from ascending trendline support, in line with horizontal swing low support, 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push up towards horizontal swing high resistance which coincides with 78.6% Fibonacci extension. If prices push down further, prices might take support from horizontal swing low support in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Long
by FXCM
4
AUDNZD on a double bottom 🦐AUDNZD tested twice the support area at 1.07200 creating a perfect double bottom. According to Plancton's strategy if the price will break above we will set a nice long order. --–– 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.
Long
by InkyGrip
4
COT CURRENCY REPORTAUD, NZD & CAD: A solid week for the CAD in terms of price action means the biggest increase in positioning among the majors should not be a surprise. The BOC’s hawkish tilt has put the CAD in pole position for the bullish currencies among the majors, and as long as policy normalization continues, and the data stays positive and Oil prices remain buoyed that should stay intact. The jobs data was a minor set back for the CAD on Friday, but a miss was largely expected due to the impact of the virus and should not be enough to change the med-term outlook for the BOC or the CAD. In terms of incoming events, the only noticeable one for AUD is the incoming Annual Budget Release, but apart from that main focus for the high betas should be overall risk appetite. JPY, CHF & USD: What a move in the Dollar after Friday’s NFP! Not surprising though as the med-term bias remains titled to the downside for the greenback as long as the Reflation and Global Synchronized Recovery driver stays intact. The more interesting development was the downside in the Dollar despite a solid push higher in US10Y. It’s important though to remember that even though yield differentials are important drivers for currencies they are not the only drivers. For the past couple of months, the correlation to real yields (nominal yields – inflation expectations) is another important driver alongside that of Eurodollar futures. On Friday, Eurodollar futures shot up and Real Yields shot down after the NFP jobs report, all in all a strong bearish cocktail for the Dollar despite US10Y moving up. This week the attention turns to CPI on Wednesday as well as Retail Sales on Friday. In terms of the CPI event, it will be important to keep the Real Yield dynamics for the Dollar in mind, as a strong CPI print might not necessarily translate into Dollar strength if inflation expectations outpace US10Y and pushes real yields lower. GBP: The move we’ve seen lower in CFTC positioning for the GBP is mostly as a result of the downside price action we saw at the end of last week which was most probably due to some de-risking going into this past week’s BOE and elections. The fundamental bias remains unchanged and tilted to the upside for Sterling. Even though the BOE did move along with tapering, it was framed as a technical adjustment, but the bank did provide a more upbeat outlook for the economy and the recovery. With the proximity risks out of the way we would anticipate the week ahead to see a continuation of the upward trajectory barring of course any negative surprises. EUR: Still the biggest net-long position among the majors. There are still issues surrounding the fundamental outlook for the single currency, but despite that the EUR has remained very well supported over the past few weeks as the Dollar has continued to lose favour. For now, it seems that a lot of participants are still banking on a potential or eventual EU recovery story from H2 as the vaccination roll out gain positive momentum. If the EU can reach some of the targets it has set itself then we could well see a faster recovery playing out in the EU. However, when we compare that potential recovery in terms of growth or inflation differentials or compare the policy response between the US and UK or compare policy normalization expectations it seems the EU is still lagging behind the US and the UK, which is why we are staying patient with our view on the EUR for now and waiting for more information on the vaccine and data front before we change our mind. *This report reflects the COT data updated until 4 May 2021.
by thunderpips
BUY AUDNZDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is inside ASCENDING CHANNEL and also broke its TRENDLINE RESISTANCE. One can go long. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
Long
by Ryan_lopes