The Australian Dollar could be readying for its next leg higher against the New Zealand Dollar following losses since early October. AUD/NZD recently confirmed a bullish Morning Star candlestick pattern, opening the door to extending gains. But, prices still need to overcome the near-term 20- and 50-Day Simple Moving Averages. Clearing them exposes the 23.6%...
Price is on a bearish momentum and abiding to our bearish trendline . We see potential for a bounce from our 1st resistance at 1.04277 in line with 50% Fibonacci retracement and 38.2% Fibonacci retracement and graphical overlap towards our 1st support at 1.03297 in line with 100% Fibonacci extension . Alternatively, our stop loss will be placed at 2nd resistance...
Price is on a bearish momentum and abiding to our bearish trendline. We see potential for a bounce from our 1st resistance at 1.04277 in line with 50% Fibonacci retracement and 38.2% Fibonacci retracement and graphical overlap towards our 1st support at 1.03297 in line with 100% Fibonacci extension. Alternatively, our stop loss will be placed at 2nd resistance at...
AUDNZD Trend Line. Three or more higher lows on the 4H Chart.
POW reversal strategy in use for this trade a AUDNZD short. Trade details for current trade are shown on the chart. We are working the 15M 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. Trade history can be seen at the foot of this trade idea too for full...
Using POW reversal strategy for this trade an AUDNZD short. Trade details for current trade are shown on the chart. 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. Trade history can be seen at the foot of this trade idea too for full...
Prices are consolidating in a triangle. We see potential for prices to climb from our Buy entry at 1.04181 in line with 100% Fibonacci extension and 23.6% Fibonacci retracement towards our Take Profit at 1.05408 in line with 61.8% Fibonacci retracement . Technical Indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other...
Bullish Indicators: 1) Support zone at 1.04080 Fib level 61.80% Bearish Indicators: 1) LH LL 2) Downward trend 3) Resistance zone at 1.04471 or upward descending trendline. Plan A: One can take a short position on the rejection from the upward descending trendline for the target of 1.04080 and 1.03522 Plan B: On the breaking of upward descending trendline with...
Prices are consolidating in a triangle. We see potential for prices to climb from our Buy entry at 1.04181 in line with 100% Fibonacci extension and 23.6% Fibonacci retracement towards our Take Profit at 1.05408 in line with 61.8% Fibonacci retracement. Technical Indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other...
AUDNZD on the daily chart creates a perfect inversion at the 0.618 Fibonacci level. The price is now moving to a resistance level and according to Plancton's strategy if the market will break above we can set a nice long order. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure...
Pattern: Channel Down on 1D. Signal: Buy as the price rebounded on the 1D MA50 (blue trend-line) and is on the bullish leg towards the top (Lower Highs trend-line) of the Channel Down. Target: 1.0800 (the 0.786 Fibonacci extension) as per the previous Lower High...
Hello Traders After an upward rally, Market turned into correction phase. We can see wave A and incomplete wave B. we expect to see wave C after completing wave B. Thanks for Reading Team Fortuna -RC
Hey Traders, we are monitoring AUDNZD for a selling opportunity around 1.057 area, once we will receive any bearish confirmation the trade will be executed. Trade Safe, use proper risk management, risk small, aim big. Joe
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1. First time price broke through this key 1.05795 level. What happened after in #2 is also key. 2. Exhaustion here as price failed to make a higher high. 3. I'm once again seeing price threatening to break below this key level. Once it does, we can expect further momentum.
Bullish Indicators: 1) HH HL 2) Support zone at 1.05491 Fib level 50.00% 3) Uptrend/Ascending channel Bearish Indicators: 1) Resistance zone at 1.06132 Fib level 61.80% 2) Breaking of lower trendline Plan A: One can take a long position on the bounce from the support level 1.05491 Fib level 50.00%. Plan B: One can take a short position on the breaking of lower...
AUDNZD Sell Entery : ✍️ Close candl ander 1.04455 on 4 Hour chart 🎯First target : 1.04268 🎯Second target : 1.0400 🎯Third target :1.03683 🔰STOP LOSS:1.04994 For confirmation : -Wait for the insurance of technical patterns on small frames , such as Double Bottom , Head and Shoulders , and others. -You must follow the fundamental analysis (news) For more...
Here on the 4H Timeframe, we can see a very clear breakout from the long term correction on the AUDNZD which has been trapped in a falling channel . This is a clear indication to long the market from here with prosper risk and trade management. Thanks and good luck. Please, do well to like, comment and follow for more analysis and educational contents.