Aud-nzd
AUDNZD: Important Breakout & Key Levels
hey guys,
sharp bearish rally started this night on AUDNZD.
1.083 strong structure support was easily broken and now short rally will most likely continue to the next structure.
based on 3 days chart analysis here are the key levels to look at:
1.065 - 1.069 support area is based on 2018's and 2019's price action. it might be a current goal for sellers.
1.05 - 1.1056 support area is based on current year's and 2019's price action and 2018's low.
1.081 - 1.085 is our closest resistance area.
remember that the best and safest trading opportunities are always from key levels.
AUDNZD 4h analysis 🦐AUDNZD after hitting the weekly resistance retraced back till the 0.618 fib level inside a discending channel.
Market is now consolidating below a minor resistance.
IF the market will break and close above the resistance area and consequently break the channel, we can set a nice long order according with Plancton's strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger
AUDNZD: Don't MISS This Short Trade!!!
AUDNZD is stuck on a strong 4H resistance cluster.
on 1H the price is trading within a narrow horizontal trading range,
and it is currently in an attempt to break that.
in case of 1H candle close below 1.089 support I will short the pair.
targets:
1.087
10.0856
AUDNZD: Key Level Trade Explained
AUDNZD reached a key daily horizontal structure.
pullback from that will be highly probable.
on 4h/1h the price stopped falling and formed an inverted head and shoulders pattern.
I am waiting for a 1H candle close above the yellow neckline to buy the pair.
target levels:
1.087
1.0895
Don't miss the great sell opportunity in AUDNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.096). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 1.0900
TP2= @ 1.0855
TP3= @ 1.0830
TP4= @ 1.0800
TP5= @ 1.0763
SL: Break Above R2
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Don't miss the great sell opportunity in AUDNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.096). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 1.0900
TP2= @ 1.0855
TP3= @ 1.0830
TP4= @ 1.0800
TP5= @ 1.0763
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AUDNZD is seeing more downside in the near term!AUDNZD is seeing more downside in the near term!
Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!
AUDNZD daily analysis 🦐AUDNZD on the weekly chart hit the important psychological level around 1.10 and got sharply rejected.
Price couldn’t break the level and started a slow retracement waiting for the bulls to come back.
At the moment on the daily chart price is testing a support on a daily resistance.
IF the market will manage to break and close below it, at the retest of the structure, we can set a nice short order according with PLancton’s strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Some lovely open positions - 5 min quick recap!Some momentum entering the markets over the last week to 10 days as move into the last month of the quarter.
Summer months can lack trading volume, so lets see how the quarter end.
We currently have a couple of projects ongoing with out community so we have been a little quiet on here over the last few days.
I thought I would share however, a quick recap on some lovely developing moves.
Its only 5 mins, grab a brew and have a watch!
Thank you
Darren
AUDNZD: Wedge Breakout & Bullish Continuation
AUDNZD is trading in a sharp bullish trend on a daily.
from the 18th of August, the pair is consolidating within a falling wedge pattern.
this night the market broke and closed above its resistance line on 4H.
with a retest and positive reaction, chances are high that the pair will keep growing.
target levels:
1.0985
1.102
AUDNZD finally breaks below the 1.09375 levelBeen watching this pair for a while. Actually took a loss near the end of last week when I went long. Now that price is trading below, I am now bearish for a couple of reasons.
1. Price hasn't made a higher high since the morning of August 18th.
2. Price made another push higher, but was followed by indecision. This is the first indication that buying pressure has weakened. The origin of this push higher was at the 1.09375 level, which is why it's key to watch how price trades here.
3. Price broke above this level briefly on August 28th, but price did not sustain above.
Corrective Structure and new impulse / AUDNZD Main items we can see on the chart:
a) The price is above a Resistance level now working as a support
b) Generally, after the breakout of any area, the price will tend to correct creating a pullback/throwback to the previous zone
c) Now we can see the price doing that towards the support zone
d) If the price reaches that level, we will pay attention to the breakout of the structure and we will look for a trade setup towards the next resistance zone (descending trendline)
AUDNZD possible scenarios 🦐AUDNZD is on a bullish trend and market on the daily chart in a consolidation move at the top of the trend near a weekly resistance.
The market on the 4h chart is creating a symmetrical triangle that could make us at a continuation of the trend.
IF the market will break above the weekly structure we can set a nice long order according with Plancton's strategy.
On the other scenario IF the market will break below the 4h support structure we can look for a short order till the daily structure below.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.