There is a sell opportunity in AUDNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.0531). 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 37.
Take Profits:
TP1= @ 1.0457
TP2= @ 1.0382
TP3= @ 1.0307
SL: Break Above R2
Aud-nzd
Audnzd - weeklyAudnzd was rejected from monthly roof cam R4 and from the the top of regression channel. And if we consider previous breakout structure the projected move becomes pretty clear. I needed to check this as this thing correlates with EUR and AUD. I would look for short setups on minor timeframes when price gets below yearly pivot (red line).
This is no financial advise.
Top Absolute Correlation
1 AUDNZD - AUDCAD 85.9%
2 AUDNZD - EURAUD -85.5%
3 AUDNZD - AUDSGD 85.0%
4 AUDNZD - AUDCHF 81.8%
5 AUDNZD - NAS100 81.1%
6 AUDNZD - AUDUSD 80.1%
7 AUDNZD - EURGBP -77.9%
AUD/NZD: Selling the pair now at the market Hey guys,
According to my analysis, the pair just broke a support level indicating it could go lower.
I am selling the pair and will take my profits at the previous highs around 1.04620.
Check out my previous ideas (below) and if you like my work please show some love :-)
Trade with care.
Best,
Jesse
AUD/NZD reaching resistance, potential drop! | 17 April 2020Price is reaching our sell entry in line with our 127.2% fibonacci extension and 76.4% fibonacci retracement where we could be seeing a reversal below this level. Hope you guys find this useful and please leave a comment on what currency pair you'd like me to analyze next too!
AUD/NZD approaching resistance, potential drop! | 17 April 2020Price is reaching our sell entry in line with our 127.2% fibonacci extension and 76.4% fibonacci retracement where we could be seeing a reversal below this level. Hope you guys find this useful and please leave a comment on what currency pair you'd like me to analyze next too.
I will be publishing the written version as well, so do keep a lookout for that!
AUDNZD AT SUPPORT LEVLEHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that the pair is currently at the support of both the trendline so one can wait for the price to close below the support line or bounce back
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
AUDNZD Price is hitting a strong resistance levelThis is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
AUD/NZD Short Idea 100 PIP potentialGot a few confirmations of a short here on AUDNZD. First the Supply zone rejecting 3 times forming a bearish Expanding Triangle and Head & shoulders Formation. On Top of the double pattern set up I have a Divergence, drawn in green, on the RSI indicator. Main thing to wait on or watch out for is the uptrend to break or if the supply zone does not hold the H&S pattern is busted and my entry is off a little. I still have multiple confirmations without the H&S so I will hold until my Stop Loss is hit. ALWAYS USE PROPER RISK MANAGEMENT.
AUDNZD technicaly based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support
📌Why DepaDigitalTrading:
*Fundamental side in analysis
*Price action - FIBO - Candl pattern
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*Day trader - Swing trader - Position trader - "Sniper"
*Simple ideas
💡 AUDNZD technicaly based idea, technicaly indicators showing we can expect higher bulish market continuation, we can see strong bulish candels formation, technicaly expecting to see push in price till FIBO 1
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
AUDNZD-Short (UPDATE/FORCAST!!)Steady stair step ascending wedge patteren
Price broke through support channel
Signal 1- Heavey seller momentum at (1 Apr '20 08:00)
Signal 2- Followed by several red candles closing bearish on 4H chart
Tp1- 1.01182
Tp2- 1.00228
UPDATE!!
Retracement reacting to support>>> New resistance
Excpecting one or two small retracements before bearish move.
Holding position over the weekend
AUDNZD: Potential Breakout Trade
AUDNZD tests a key structure resistance one more time this week.
once again being rejected, it looks like chances are high that the market will soon return to its long term bearish trend.
for confirmation, I will be waiting for a bearish breakout of a rising trendline on 4H chart
(we need at least 4h candle close below)
then we can short the pair expecting a continuation to 1.016 / 1.004
in case of respect of trendline and new higher high higher close, the setup will be invalid
and bias switches to bullish.