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Aud-nzd

AUDNZD SHORTNow hear me out. Ill be monitoring price action on the 4h timeframe for entry. This is a swing trade as you can understand. The break of the uptrend has started and its forming LH and LL so we cant look for buys as of yesterday. You can see the wick rejections on the top levels indicating double tops. RSI is overbought and we have divergence at those DT levels. Now all we need to do is to allow the market to give us and opportunity to enter with small range on the SL of course. How we are going to do that? Well we will look at wick rejections on the most recent levels that are to be created on the 4h Timeframe (I use 4h to be sure of the movements) and then we will take the trade. I aim for 1:3 RRR always on my trades. Once they reach 1:1 R ill close half of the position and place SL at BE and let the rest run for dear life. I hope you see value in my analysis thanks for taking the time to read :D :muscle::moneybag:
Short
by dimitrisbetfx
1
AUDNZD going for M- or H&S?!Hi all, For more stuff find me on telegram: t.me/FXT_TL. Sharing my thoughts on the AUDNZD pair for the upcoming week(s), no entry yet. What oppurtunity do we have on this pair? well let me tell you: We have created a M-pattern wich is giving us information that we might want to go down. Also we might see the H&S pattern being created like shown, wich in the end also tells us we want to go down. So, keep monitoring price action, looking for shorts, but not quite yet. Do you find my information valueble than please start to follow me or join the telegram group: t.me/FXT_TL.
Short
by FXT_TL
AUDNZD reversing in the channel | 3 June 2020AUDNZD is reversing from the upper band of the channel and is likely to go a bit lower before it touched the lower band. 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!
Short
by FXCM
3
AUDNZD reversing in the channel | 3 June 2020 AUDNZD is reversing from the upper band of the channel and is likely to go a bit lower before it touched the lower band. 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!
Short
by FXCM
1
Don't miss the great sell opportunity in AUDNZDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.083). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. Take Profits: TP1= @ 1.0752 TP2= @ 1.0677 TP3= @ 1.0619 TP4= @ 1.0530 TP5= @ 1.0448 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 ❤️
Short
by ForecastCity
24
Don't miss the great sell opportunity in AUDNZDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.083). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. Take Profits: TP1= @ 1.0752 TP2= @ 1.0677 TP3= @ 1.0619 TP4= @ 1.0530 TP5= @ 1.0448 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 ❤️
Short
by ForecastCity
21
AUD/NZD FULL ANALYSIS: Overbought? Ready to sell?Please hit the like button to support our ideas in the future. Thanks! TECHNICALS: The pair is completing a pullback to the broken wedge pattern which aligns with a recent resistance level, effectively forming a double top pattern. The 1.08 round-number level also provides a nice resistance to the upside. 1-hour chart: Signs of overbought conditions with strong selling pressure forming around 1.08 level. FLOWS: Positioning in both currencies is bearish, but shows signs of decreasing after the recent risk-on run. ECONOMIC SURPRISES: The NZD is well supported by recent economic reports which came in better than expected. CORRELATIONS: Yield differentials point lower, and the Australian vs New Zealand stock market ratio is still well below the current exchange rate.
Short
by MujkanovicFX
1
AUDNZD potential buying opportunity (70+pips)Both currencies are under recover since risk on sentiment took over. Long term direction is still to be confirmed by both currencies since uncertainities and virus danger are still not gone. In both scenarios I see AUD still better and safer currency to long vs NZD. SENTIMENT/SECULAR ANALYSIS: Institutions are still holding short positions on both currencies, but retailers are going the other way. In this particular case there is more traders net short this pair than long since confluence levels got hit. Going against crowds can be profitable, specially if price is not moving fast in any direction. By looking at 13w secular performance analysis chart I see AUD is almost closing the gap vs USD and safe haven currencies (first time since March 01) while NZD is still lagging (more due fundamental reasons) so it gives me a better edge over the next market move knowing that in both scenarios (risk on/off) AUD is likely to perform better in close future. TECHNICAL ANALYSIS: Pair looks bearish on 1h/4h timeframes and very close to confluence weekly pivot. However I will consider going long if 1.073 level gets ceased along with 100ema. Pair might fall even lower before we see new leg upside, but until then this is scenario I will follow. 1D timeframe: 20ema supports, previous resistance high as support - very confluent level 4h timeframe: 100ema support + confluence level IDEA: Buying AUDNZD on 1.073 breakout. SL: 10 pips below last support TP: 70 pips (1.08 area) - TP2: 1.083
Long
by fxmonarchy
2
AUD/NZD: Update, what's next after wedge breakout?Part 2/2: Technicals : So far we have a clean break below the bearish wedge pattern on the daily chart, although buyers are becoming more active recently and push the price higher. The 1-hour chart shows the key sell zone that should be monitored - it's the pullback level to the lower wedge resistance that aligns with a short-term horizontal resistance. Economic surprises : If you followed our posts, you know that the Australian dollar had some of the strongest ratings in our Economic surprises index. The NZD is now picking up, but the market narrative about negative interest rates could still be bearish for the currency. US-China tensions, and possible China-Australia trade tensions, could significantly weigh on the Australian dollar. Positioning : We'll make an update on market positioning after the CFTC reports this week's CoT numbers. Correlations : Correlations are described in the previous post. I like the divergence between the pair and the ASX200 vs NZX50. This could be bearish for the pair. We need to post correlations separately, or our charts would be too cluttered. Risk sentiment: Deteriorating. Stock indices falling on renewed trade tensions. Bearish.
Short
by MujkanovicFX
1