Aud-nzd
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.
-
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
AUDNZDIt has an important area at its bottom, if it reaches the region, it'll make a good profit of approximately 1 to 2.5.
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 - Setting up for a move lowerPrice has recently made a lower high and has broken the ascending trendline on the 4hr.
Safe entry: On break of the zone marked and a retest with TP -27
AUDNZD - Setting up for a move lowerPrice has recently made a lower high and has broken the ascending trendline on the 4hr.
Safe entry: On break of the zone marked and a retest with TP -27
AUDNZD ANALYSISAUDNZD broke major uptrendline
Below SMA 100
MACD shows bearish momentum
It's expected to target first HVN at level 1.0698
then finally target key level at 1.0647
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 .
AUD to AdvanceThis pair should provide further upside in my opinion.
1st target is 1.08
A break above this level with a retest and I will be looking for 1.1 on the next move.
Don't buy at market open, wait for a clear entry.
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
AUD NZD BUY (AUSTRALIAN DOLLAR - NEW ZEALAND DOLLAR)Hi there. Price is forming a reversal pattern to change its direction.
Watch strong price action at the current levels for buy.
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 Uptrend Likely to ResumeSee Signposts for key price action details.
This pair has been trending higher until it recently corrected.
Price is stabilizing at the 1.068 level with very little indication that it's capable of breaking lower.
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
