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
Aud-nzd
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.
-
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.
-
Reasons for taking trade-
Daily range
Potential double top
Indecisive price action around resistance while the bears have started taking over
-
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
AUDNZD: BUYPrice is currently at an all-time low area. We are expecting more Bulls than Bears on AUDNZD.
If you start on the Daily time frame, you will see a clear bottom, neckline, double bottom; a clear indication for a BUY.
We are looking for a higher high, and have labeled a next entry level for Bulls at 1.08087 .
AUDNZD: is that the END of the TREND CORRECTION?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
AUD/NZD
⚪ Technical Analysis :
Since the 1st December 2020, the price has been moving with a strong bullish impulse, going up for about 420 pips, reaching the level at about 1.08500.
On that level, the price got a quick rejection, falling down breaking through the S/R zone at about 1.07000, and it is currently reaching the an interesting support zone at about 1.05700, that perfectly match with the 0.61% of Fibonacci retracement.
🔴 Conclusion :
This is absolutely a nice trend correction of its previous bullish impulse, and I'm confident to see the price bouncing on the support zone at 1.05700 before moving up again with a new bullish momevent.
I'll be waiting for the price to reach the support zone before planning my long position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
AUDNZD on a channel break ?🦐AUDNZD after the bullish run is now breaking the ascending channel.
If the price will break below the support structure, according to Plancton' strategy we can set a nice short 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: A possible strong IMPULSE!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
AUD/NZD
⚪ Technical Analysis :
Since the beginning of December 2020, the price has been following a clear uptrend, after it got a strong impulse on the level at about 1.04200, that moved the price up in an ascending channel.
Once the price reached the level at about 1.08500, it got a rejection, falling down until the level 1.06830.
This level is an interesting support zone and it also matches with the dynamic trendline of its channel.
🔴 Conclusion :
I think that the level 1.6870 is really an interesting area, the price previously got a consolidation over there and it's now re-testing the same level.
I'm confident to see a new positive impulse and once I will eventually confirm it, I'll plan my long position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
AUDNZDthis pair can give hundreds of pips to the forex traders in this position there is a powerful resistance which is also a retracement of fib too and can hold the chart and push it down up to 300-400 pips
its checked on 1hr - 2hr - 4hr with advanced price action just be aware you can enter after the pullback to the resistance completed not right now there would be less profitable
AUD/NZD - LongPossible long oppotunity on AUD/NZD.
Price has broken out of its ascending channel has returned to an area of support at the 1.0720 level.
If we see strong bullish rejection at the 1.0720 level I believe we could see bullish momentum to re-test the support of the ascending channel at the 0.0820 level, where I would take profits.