Get started

Aud-nzd

A second Chance to Buy in AUDNZDMidterm forecast: While the price is above the support 1.0660, resumption of uptrend is expected. We make sure when the resistance at 1.0850 breaks. If the support at 1.0660 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 1.0660 is broken. Technical analysis: A trough is formed in daily chart at 1.0710 on 11/04/2019, so more gains maximum to Major Resistance (1.0850) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 65. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (1.0660). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT , you have a second chance to buy above the suggested support line (1.0660). Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Trade Setup: We opened 10 BUY trade(s) @ 1.0354 based on 'Hammer' entry method at 2019.08.06. Total Profit: 3595 pip Closed trade(s): 1659 pip Profit Open trade(s): 1936 pip Profit Closed Profit: TP1 @ 1.0430 touched at 2019.08.07 with 76 pip Profit. TP2 @ 1.0490 touched at 2019.08.07 with 136 pip Profit. TP3 @ 1.0585 touched at 2019.08.21 with 231 pip Profit. TP4 @ 1.0660 touched at 2019.08.29 with 306 pip Profit. TP5 @ 1.0760 touched at 2019.09.13 with 406 pip Profit. TP6 @ 1.0990 touched at 2019.10.07 with 504 pip Profit. 76 + 136 + 231 + 306 + 406 + 504 = 1659 pip Open Profit: Profit for one trade is 1.0838(current price) - 1.0354 (open price) = pip 4 trade(s) still open, therefore total profit for open trade(s) is 484 x 4 = 1936 pip All SLs moved to Break-even point. Take Profits: TP7= @ 1.0990 TP8= @ 1.1140 TP9= @ 1.1335 TP10= Free
Long
by ForecastCity
8
A second Chance to Buy in AUDNZDMidterm forecast: While the price is above the support 1.0660, resumption of uptrend is expected. We make sure when the resistance at 1.0850 breaks. If the support at 1.0660 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 1.0660 is broken. Technical analysis: A trough is formed in daily chart at 1.0710 on 11/04/2019, so more gains maximum to Major Resistance (1.0850) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 65. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (1.0660). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT , you have a second chance to buy above the suggested support line (1.0660). Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Trade Setup: We opened 10 BUY trade(s) @ 1.0354 based on 'Hammer' entry method at 2019.08.06. Total Profit: 3595 pip Closed trade(s): 1659 pip Profit Open trade(s): 1936 pip Profit Closed Profit: TP1 @ 1.0430 touched at 2019.08.07 with 76 pip Profit. TP2 @ 1.0490 touched at 2019.08.07 with 136 pip Profit. TP3 @ 1.0585 touched at 2019.08.21 with 231 pip Profit. TP4 @ 1.0660 touched at 2019.08.29 with 306 pip Profit. TP5 @ 1.0760 touched at 2019.09.13 with 406 pip Profit. TP6 @ 1.0990 touched at 2019.10.07 with 504 pip Profit. 76 + 136 + 231 + 306 + 406 + 504 = 1659 pip Open Profit: Profit for one trade is 1.0838(current price) - 1.0354 (open price) = pip 4 trade(s) still open, therefore total profit for open trade(s) is 484 x 4 = 1936 pip All SLs moved to Break-even point. Take Profits: TP7= @ 1.0990 TP8= @ 1.1140 TP9= @ 1.1335 TP10= Free
Long
by ForecastCity
8
AUDNZD: Higher sell opportunity.The pair is on a 1D descending channel (RSI = 54.741, MACD = 0.001, Highs/Lows = 0.0000) that made a Lower High last week but we expect to break higher due to the larger 2 year formation on 1M which is a Descending Triangle. This calls for a Lower High within the highlighted zone (red) before a deeper decline towards the 1M Support. Our target is 1.05000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope