AUDNZD// Long OpportunitySigns for a nice long:
1. Strong area of resistance now turned support.
2. Price rejection of TL, and former support zone.
3. Bullish Bat harmonic pattern formed at TL. and a extended W pattern at TP area, which suggest continuation of the former (up)trend.
4. No news or fundamental events that can currently affect price.
Reasons not to enter yet:
1. Reversal candle but no confirmation yet.
2. Price still in LL LH formation.
3. Bearish momentum.
Overall, Im bullish on AUDNZD currently. The bullish signs outweigh the bearish opportunity, therefore IMO it's more probable to go long. Apply proper risk mgmt and use a stop loss. A decent SL should be under the -27% area.
Let me know your thoughts.
Aud-nzd
AUDNZD: How to Catch a Swing Move
AUDNZD is trading in a strong bullish trend.
After the price reached 1.095 resistance we see a retracement.
Now the price is approaching a strong demand zone:
we see a confluence between a daily horizontal structure & trend line.
To catch a bullish move with a confirmation,
wait for a bullish breakout of a bullish flag pattern on 1H chart.
It will be a perfect trigger to buy.
In case of a major rising trend line breakout, setup will be invalid.
Please, support me with like and comment!
AUDNZD on a retracement move 🦐AUDNZD after the test of the trendline is retracing to the support area.
The market is now testing the lower trendline of the channel and according to Plancton's strategy if the price will bounce over the support 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.
AUDNZD - SWING - 31. MAR. 2021Welcome to our weekly trade setup ( AUDNZD )!
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1 HOUR
Strong bearish reaction.
4 HOUR
Bullish market structure turning right now..
DAILY
Expecting more downside pressure and price action.
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FOREX SWING
SELL AUDNZD
ENTRY LEVEL @ 1.08800
SL @ 1.09300
TP @ 1.07990
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AUDNZD on an ascending triangle 🦐AUDNZD is creating an ascending triangle between the resistance structure and the ascending trendline.
The market is near to a strong descending trendline too and 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.
AUDNZD on an ascending triangle 🦐AUDNZD after oyr last analysis reached the descending trendline and now is consolidating below.
The market is creating an ascending triangle and 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.
Positive risk tone sees JPY and CHF lead to the downsideHeading into today’s European trading session, the risk tone is leaning risk on with Asia-Pacific indices mostly positive, measures of volatility subdued and safe havens pressured.
In the FX complex, the positive risk tone sees JPY sit at the bottom of the F majors, followed closely by CHF with USDJPY set to test the 109.00 handle to the upside, while NZDJPY reclaimed the 76.00 handle.
Indeed, the antipodeans are currently leading the FX majors to the upside; although it’s AUD sitting in pole position, but NZD a close second. All in all, however, it’s worth noting that most currency pairs have remained contained by recent ranges, with no significant developments or catalysts observed throughout the Asia-Pacific session.
Looking to the sessions ahead, expect central banks to once again be a key theme for the day. The SNB will announce their latest policy decision early in the European session, while central bank speakers from numerous central banks are scheduled to speak throughout the day.
AUD NZD SELL (AUSTRALIAN DOLLAR - NEW ZEALAND DOLLAR)After the continued dovish comments from the RBA, as well as the divergence in central bank expectations in terms of tapering, as well as iron ore prices looking a bit vulnerable, we anticipated more downside for the AUDNZD.
However, after breaking out of a squeeze last week, the pair found some solid resistance close to 1.830 and has seen quite the push lower at the start of the week. The move has been mostly attributed to yet another dovish stance from Governor Lowe earlier during the Asia Pac session, as well as comments from the Australian Health Minister that said he sees the start of a third wave of virus cases.
With this in mind, we would expect the AUDNZD to remain pressured in the short term, and due to the divergence between tapering expectations between the RBA and RBNZ, there should be a skew to the downside med term as well.
We have jobs data for Australia as well as GDP data due for NZ later this week so keep that in mind.
RBA Royal Bank of Australia response Bearish - positive for RBNZRoyal Bank of New Zealand (Bullish)
The RBNZ, which predicts prices will rise 22% in the year through June,
is reinstating mortgage lending restrictions.
Royal Bank of Australia (Bearish)
- Australia's interest rates will stay low until 'at least 2024', RBA says
- Philip Lowe used a speech to a summit convened by the Australian Financial Review on Wednesday
to signal that the official cash rate will remain at
historic lows until “at least 2024” because there is
no prospect of wages growth hitting more than 3% before that time.
Royal Bank of Australia (RBA) is struggling to raise
interest rates and not seeing wage gains until 2024 for most employers.
No reason AUD/NZD should be so high correction to 1.03
AUDNZD wants to move higher 🦐AUDNZD is consolidating below a minor resistance structure.
The price attempts a few times to break above and according to Plancton's strategy if the conditions will be satisfied we can 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.
AUDNZD ready for a break above? 🦐AUDNZD is consolidating below a minor resistance structure.
The price attempts a few times to break above and according to Plancton's strategy if the conditions will be satisfied we can 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.
AUDNZD long positionConfluences:
-Price retraced as I predicted before, trade hit my take profit and at the 50 fib retracement (right now) I entered a buy.
-The 50 fib retracement is also above a zone which is a very strong support.
-If price breaks this, I will re-enter at the 61.8
Feel free to tell me what you think!
AUDNZD- Short from resistance Hello,
I closed my long from the previous support as it was heading towards major resistance.
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I have been waiting almost a week for the correct time to place an entry.
Entry- 1.07760
SL- 1.08457
Profit- Open towards previous support.
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Reasons for taking trade-
Daily range
Potential double top
Indecisive price action around resistance while the bears have started taking over
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Good luck if you join me on this trade :)
AUDNZD short position, swinging the retracement!Confluences:
-AUDNZD has not retraced on the daily and reached the previous high
-Before breaking this level I am expecting a retracement to either the 31.8 or the 50 fib level
-This is a trade again the trend so I'm risking less and if it retraces to the 50, I will enter a buy for this pair
Good luck and feel free to share with me what you think
Symmetrical triangleIf you missed the Aussie dollars bull run, here we can milk from the overbought, trend-line resistance which is already in a correctional phase indicating a strong reversal. For entry I would use the Stochastic since it has been very accurate for reversals in this triangle.
Stop loss would be above Cs relevant resistance.
Good luck and follow me for more!
AUSSIE DOLLARWe have entered another long position this morning on AUDNZD. Another pair that sneaked its way into our watchlist which we are happy to try and take advantage of. AUDNZD has consistently been on a uptrend for the past week or so and we are hoping to see a continuation of momentum to reach our Target. our Entry here was roughly around 1.07818 and our take profit zone has been set at 1.08432 which is a total of 60PIPS.
Be careful entering this position as price could potentially draw back before continuing.
Happy Wednesday