Aud-nzd
AUD/NZD next wave down(~500 pip)(3/26/2024)Hello Traders
it looks like AUD/NZD is starting a new wave dive down into 1.035.
The first correction wave A has been established then the price has made a horizontal triangle as wave B, by breaking down the horizontal triangle AUD/NZD has made a new wave down as C.
Our technical view has been shown in the chart.
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AUDNZD Sells still Active but struggling (Considering closing)As per my last analysis on AUDNZD - (www.tradingview.com)
I am still actively holding this trade
NOW, given the fact that audnzd just struggled to breach this most recent low (purple zone) and decided to pull back upward - made me consider closing but patience
If however, it struggles again to breach this low I'd close in profit
Why? it is simple really, price pushed up off of the (purple zone) and rejected the top side, if it rejected the top side it stands to reason that it went for liquidity from sellers higher - IF this was the case, shouldn't it have no problems going lower?
If price struggles to breach this low (purple zone) this time around I'd be closing this trade
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AUDNZD Sells ActiveGood Morning guys, have this buy open on AUDNZD - it isn't the best trade and I don't really like trading this pair but there was a set up and I decided to give it a try
Let me explain
These are my confirmations\questions >
Question 1 - Was AUDJNZD in momentum (bullish or bearish)?
Yes, AUDNZD is in bearish Momentum currently
Question 2 - Who is interested (at this time)?
Sellers are interested at this time
Question 3 - Where are their stop losses?
Stop losses would have been right Above the highlighted levels (orange circles) & below the orange horizontal line (break out sellers)
Question 4 - Have those stop losses been taken out?
Yes I believe Stop losses have been taken out already on AUDJPY (Red X)
Question 5 - Does the set up make sense for me to pursue?
Yes I believe it makes sense for me to pursue this trade given the information I have
As I am typing this the trade remains open at a 1:0.7 Risk Reward Ratio and I am noticing price is stumbling about this area currently (wondering if I should close it)
That being said however you will realize over to the left (green circles, green lines) that there would be some buyers below this area and based on the momentum it makes sense to me for price to driven to below this area so I think I should hold it, let's see
I have many more confirmations I look for, this is just to simplify it so that I can quickly explain to you the reader
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*Why don't I show my lot size?*
*How much money I make is no where near as important as HOW I took the trade*
Inflation Symphony: Harmonizing AUDNZD's Dance with RBNZIn today's trading session, our attention is on AUDNZD, with a keen interest in a buying opportunity around the 1.07900 zone. Having broken out of a downtrend, the pair is currently in a correction phase, edging closer to the retrace area at 1.07800 support and resistance. A potential target could be the monthly resistance at 1.08700.
Now, delving into the fundamental landscape, we turn to the upcoming Consumer Price Index (CPI) release by the Reserve Bank of New Zealand (RBNZ) on January 23rd. Let's examine the recent CPI data to gauge potential implications. In the previous releases, we observe a trend of declining inflation:
Oct 16, 2023: 1.8%
Jul 18, 2023: 1.1%
Apr 19, 2023: 1.2%
Jan 24, 2023: 1.4%
Oct 17, 2022: 2.2%
Comparing these figures, there is a consistent downward trajectory in inflation. The expected CPI on January 23rd is 0.5%, indicating a potential continuation of subdued inflation.
These numbers suggest a dovish outlook for the RBNZ, as persistently low inflation may prompt policymakers to maintain or adopt an accommodative stance. This, in turn, could impact the New Zealand Dollar (NZD), potentially weakening it.
As traders evaluate this AUDNZD opportunity, it's essential to consider both technical and fundamental aspects for a comprehensive perspective.
Trade safe, Joe.
AUD/USD, NZD/USD hint at a round of risk-offIf commodity FX is anything to go by, we could be in for a bout of risk-off. The yen and US dollar were the strongest majors, which saw AUD/JPY and NZD/JPY pull back from cycle highs and form bearish outside days alongside AUD/USD and NZD/USD.
The fact that AUD/USD reversed at its 200-day average and closed beneath the 200-day EMA makes it likely the 2-day bounce from support we anticipated has run its course. And with NZD/USD hitting new cycle lows with a bearish engulfing day and closed beneath its 100/200-day EMAs likely brings 60c into mind for bears, and 65c for AUD/USD bears.
AUDNZD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring AUDNZD for a buying opportunity around 1.06500 zone, AUDNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.06500 support and resistance area.
Trade safe, Joe.
AUDNZD Bullish set-up.Our last analysis on the AUDNZD pair was on November 16 (see chart below) and so far has hit one of our two targets:
At the moment the price is struggling on the 1D MA50 (blue trend-line) - 1D MA200 (orange trend-line) Zone, where it has failed since Dec 13 and on every single candle to close it above the 1D MA50. If it does, expect the continuation of the uptrend towards the Symmetrical Resistance, in which case our Target will remain 1.9200. If it continues to fail on the 1D MA50 and gets rejected, we will buy again near Support 1 and close everything at 1.08200 (just below the 0.618 Fibonacci retracement level as all previous Lower Highs).
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AUDNZD: Looking for a Buy this weekKiwi has been on a great run but I'm seeing this come to the top of it's range and expecting a correction, whilst at the same time seeing Aussie building momentum, so I'm thinking this is a good pair to trade this week.
We have quite a lot of fundamentals, with RBA and RBNZ meetings, but I think overall price action will look like this when everything balances out.
I'm long from a LTF confirmation.
AUDNZD: Bear Flag SetupThe AUD is forming a Bearflag against the NZD on the Daily as the RSI cracks below the Mid-Line, if it plays out we could see the bottom half of the range soon.
It also should be noted that the NZD has outperformed a lot of big currencies recently such as the CAD and USD so it would be somewhat expected for the AUD to underperform against it.
AUDNZD Sell opportunityThe AUDNZD pair hit both our sell and buy Target since we last looked at it (see chart below) on September 26:
The price is now both on the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) which move parallel and has started the new bearish wave (red arc) towards the Higher Lows trend-line of the long-term Triangle pattern. As you can see, this is the 4th rejection on the 1.093250 Symmetrical Resistance. The 1D MACD Bearish Cross simply confirmed the continuation. We are selling this and target 1.06500.
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AudNzd weakness is coming...AN should be making a turn down, already showing signs...Watch for it.
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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AUDNZD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity AUDNZD
I still did my best and this is the most likely count for me at the moment.
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AUDNZD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDNZD for a selling opportunity around 1.07300 zone, AUDNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.07300 support and resistance area.
Trade safe, Joe.
AUDNZD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring AUDNZD for a buying opportunity around 1.06200 zone, AUDNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.06200 support and resistance area.
Trade safe, Joe.
AUDNZD: Important Breakout & Bearish Outlook 🇦🇺🇳🇿
AUDNZD broke and closed below a solid horizontal supply area on a daily.
The broken structure turned into a resistance now.
The market will most likely keep falling.
Next goal - major weekly rising trend line.
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