Aud-nzd
ridethepig | AUDNZD Market Commentary 02.12.2020There was apparently no motivation for sellers to continue the advance lower and neither does it seem pragmatic. AUD buyers are showing up once more and this looks like the prelude to an exciting momentum gambit.
The trigger comes from a leap above the latent highs, it will move us forward full of energy as shorts start covering and the youthful arrogance of those reluctant to close get margin called. I choose to answer the lows with a gentle position, no more than one or two in the start, and the quietness of a worthwhile virtue.
The whole business of markets is about the advance for our momentum, because the traps have already been set, sellers still think they have won, but only when we zoom out on the macro charts can we truly demonstrate the underlying AUD strength.
So I would tend to describe the above floor as cheap and open. With clearing month end flows and markets trying to get their 2021 trades on early with commodity shortages entering into the picture already, we should emphasise exposure in AUD. Of course, Australian and China relationships are not working perfectly, although I expect this will be the story to track in 2021 rather than December 2020.
Thanks as usual for keeping the feedback coming 👍 or 👎
AUD/NZD: When is the time to sell? ⏱Hello traders,
TECHNICALS:
The pair reached multi-month lows and continued to trade in a healthy downtrend, although the current fall looks somewhat overextended. Selling volume is rising, but institutional players haven't had the opportunity to square up their books just yet, which is why I expect a pullback to the liquidity zone.
POSITIONING:
Short positioning is reaching extreme levels in leveraged money in NZD, increasing the risk of a short-squeeze. Leveraged money remains bullish on AUD, but the net long positioning has been falling with the latest CoT report.
CORRELATIONS:
AU and NZ 2-year yield differentials point at further weakness, as well as AU/NZ stock indices. Chart here.
FUNDAMENTALS:
RBA Governor Lowe doesn't see rate hikes for the next three years. The Aussie dollar fell after the RBA meeting, but tensions with China, a major trading partner of Australia, is also hurting the currency.
UPCOMING ECONOMIC REPORTS:
RBA Gov Lowe speaks on Wednesday, 12:00 am London time. Expect some volatility here, ideally to the liquidity zone for a short position.
== SUMMARY ==
Waiting for a pullback to around 1.0550 before entering short, ideally supported by volume.
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AUDNZD on a retracement move 🦐AUDNZD is inside a daily descending channel.
The price after hitting the 0.618 of the weekly fibonacci retracement bounce over it.
Now the market is testing a daily resistance area and if the price will break above the 1.05900 area we can set a nice long order according to Plancton'sa strategy.
–––––
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: Pullback from 0.5 retracement. AUDNZD dropped to important 0.5 Fib. level.
The importance of this level is identified by strong wick and rejection of resistance trend line.
We expect bulls to move the market.
GOAL:
1.06244
AUDNZD: Important Breakout & Bearish Continuation
After a quite long accumulation, bears managed to break and close below a major 3 days/daily structure on AUDNZD.
now the broken structure turned to resistance, and bears will push much lower.
I am now bearish biased and will wait for a retest of the broken level to look for short opportunities.
the next major support area is 1.026 - 1.036.
it is the next goal for sellers.
AUDNZD BUY againAs a part of my trading strategy a martingale with calculated risk.
Steeper trend lines give the best results on correlated pairs.
Trade at your own risk.
What's the next move for AUDNZD:Here we go:
My veiw on AUDNZD:
Take profit: 1.11400
Stop Loss: 1.03500
Considering the current situation, I think the price will go a bit down before it goes all the way up.
So my prediction for FX:AUDNZD still is a bullish move.
Tell me whatcha think about it :)
Make a huge profit out there.
Love y'All 💛
AUD/NZD 1H - Double TopDouble top pattern potentially coming thru on this pair at a resistance zone, would await formation of second top before capturing the last leg of the "M" down to the support below / start of pattern.
AUDNZD ready for short 🦐AUDNZD on the daily chart is moving inside a descending channel .
The price bounce at the lower trendline of the channel and went for the retest of the weekly resistance structure at 1.07100.
IF the price will break and close below the minor support area we will set a nice short orde according to Plancton's strategy.
–––––
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 is approaching resistance | 10 Nov 2020Price is approaching our key resistance in line with our descending trend line where we could see a reversal below this level.
AUDNZD - SWING - 09. NOVE. 2020Welcome to our weekly trade setup ( AUDNZD )!
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1 HOUR
Market about to turn bearish again..
4 HOUR
Break and closure below main sr level.
DAILY
Overall bearish market in a pullback, good short entries!
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FOREX SWING
SELL AUDNZD
ENTRY LEVEL @ 1.07130
SL @ 1.07520
TP @ 1.06200
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
📢AUD/NZD Short opportunityLiving In Australia myself I can see the Aud falling further due to many reason. Currently Chinese Ban on products. A good short opportunity has come. Lets jump in 💪👍💯
AudNzd.....might be heading.....Audnzd rejecting a level and seems like it might reverse to go lower...Let's see ..
#shadowingthebigboys
#trading
#forex
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AUDNZD: Bearish Pullback R/R 2.34 Analysis of #AUDNZD
Welcome back Traders, Investors and Community.
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Strategy: Pullback on 61.8 Fibo with the continuation of the bearish channel.
R/R 2.34 with Stop at 88.60 or
R/R 1.65 with a stop at 100.
- A clear chart is always the best business card for any trader.
***
- The information given is not Financial Advice.
I really appreciate your support and feedback
Thank you for your time.
Regards,
Walter
AUDNZD 4h analysis 🦐AUDNZD on the daily chart is moving inside a descending channel.
The price bounce at the lower trendline of the channel and went for the retest of the weekly resistance structure at 1.07100.
IF the price will break and close below the minor support area we will set a nice short orde according to Plancton's strategy.
–––––
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.
