AUD/NZD – Bearish outlook is strong The AUD/NZD on the hourly time frame has been following a downtrend recently. The price dipped below the key level of 1.07000 on 22 October to reach the lowest level of period under study at 1.06818. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the currency pair is mainly driven by the recent strength in the NZD. As of writing, the price is hovering around 1.06920 with negative MACD and price below 200 period simple moving average.
The hourly chart of the AUD/NZD confirms the negative sentiment in the price movement as the currency pair is making successively lower tops and lower bottoms.
By applying Oscillators Analysis, all three indicators confirm the negative bias in the market. As the chart shows, price is below the 200-period Simple Moving Average. The MACD (Moving Average Convergence/Divergence) is recording values below the zero-line which shows negative sentiment in the currency pair. RSI (Relative Strength Index) showing values below 50 which supports the bearish sentiment.
In alternative scenario, key resistance level lies at 1.07943. Bulls must break this level in order to regain bullish sentiment in the market.
Aud-nzd
AUDNZD: Entering Demand Zone
The last trade on AUDNDZ went phenomenally well!
Now I am trying to catch one more bounce from the identified zone of supply.
Those we see a formation of dodji and nice rejection I am waiting for rsi to be oversold with divergence.
And only then will take action.
However, stop will go strictly below the zone: 1.066
Target levels will be:
1.072
1.075
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AUDNZD: Potential Long Trade
hey traders,
very peculiar trading setup on AUDNZD.
after a strong selloff, the pair has stopped setting new lower lows and
for the last two days, the market was coiling within a narrow horizontal trading range.
if bulls violate the range, I will buy the pair expecting bullish continuation to higher structure levels.
target levels will be
T1 - 1.071
T2 - 1.073
AUDNZD: Potential Long Trade
hey traders,
very peculiar trading setup on AUDNZD .
after a strong selloff, the pair has stopped setting new lower lows and
for the last two days, the market was coiling within a narrow horizontal trading range.
if bulls violate the range, I will buy the pair expecting bullish continuation to higher structure levels.
target levels will be
T1 - 1.071
T2 - 1.073
AUDNZD Long-Term Short
Weekly: August bull trend broke in September, momentum in favor of bears with no signs of reversal. Is this the beginning of a downtrend or a minor correction?
Daily: Price looking for its 3rd drive towards the downside. Lower high shown at 1.07800, AUDNZD nwo looking for its lower low, (2) tp's shown above, this is a long term trade with a potential drop below 1.0100.
4HR: Double top @ 1.0800, followed by lower highs, the price is currently sitting at minor support. 4hr break below 1.06700 and expect a sell-off, a 4hour close above 1.07 and expect our August trend high to be tested.
AUDNZD 30/09/2019Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH?
So SM must BUY LOWER and SELL HIGHER :)
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM.
CHARTS AGENDA:
SM - SMART MONEY
PA - PRICE ACTION
BITCOIN SIGN - MONEY POCKET
ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS
BLUE LINES - ENTRIES WITH SM
MARKED LINES - POTENCIAL ENTRY POINT
BOX - GAP's
GOD BLESS U ALL!
A second Chance to Buy in AUDNZDMidterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.0630 would begin in Midterm.
We will close our open trades, if the Midterm level 1.0630 is broken.
Technical analysis:
While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 1.0825 on 09/16/2019, so more losses to support(s) 1.0730, 1.0660 and minimum to Major Support (1.0630) 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 57.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (1.0630). 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 (1.0630).
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: 4224 pip
Closed trade(s): 1920 pip Profit
Open trade(s): 2304 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.
76 + 136 + 231 + 306 + 406 = 1155 pip
Open Profit:
Profit for one trade is 1.0738 (current price) - 1.0354 (open price) = 384 pip
5 trade(s) still open, therefore total profit for open trade(s) is 384 x 5 = 1920 pip
All SLs moved to Break-even point.
Take Profits:
TP6= @ 1.0850
TP7= @ 1.0990
TP8= @ 1.1140
TP9= @ 1.1335
TP10= Free
A second Chance to Buy in AUDNZDMidterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.0630 would begin in Midterm.
We will close our open trades, if the Midterm level 1.0630 is broken.
Technical analysis:
While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 1.0825 on 09/16/2019, so more losses to support(s) 1.0730, 1.0660 and minimum to Major Support (1.0630) 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 57.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (1.0630). 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 (1.0630).
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: 4224 pip
Closed trade(s): 1920 pip Profit
Open trade(s): 2304 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.
76 + 136 + 231 + 306 + 406 = 1155 pip
Open Profit:
Profit for one trade is 1.0738 (current price) - 1.0354 (open price) = 384 pip
5 trade(s) still open, therefore total profit for open trade(s) is 384 x 5 = 1920 pip
All SLs moved to Break-even point.
Take Profits:
TP6= @ 1.0850
TP7= @ 1.0990
TP8= @ 1.1140
TP9= @ 1.1335
TP10= Free
AUD/NZDTrend: Up
Timeframe: Daily
-Price broke out of the upwards moving trend and could either be forming a new trend down or if current top support at 1.0712 holds then further continuation upwards may occur.
-Stochastic is curling up, which may indicate further continuation in the short term. It should be noted that their is some bearish divergence on the daily stochastic .
-The weekly does show that price may start trending down over the next few weeks. See the picture of the weekly below, on an overall downtrend price currently hit the 0.618 which could signify downward movement over the mid term (in weeks). This pair really trends, so more than likely a downtrend may be starting up as bullish action may be coming to exhaustion.
-I am looking for bearish trends to form and confirm before placing a short order, as of now I am neutral, but I am starting to lean bearish
AUDNZD: Lower Buy opportunity within a long term Rectangle.AUDNZD has been trading on a long term 1M Rectangle (RSI = 52.038, STOCH = 48.673, CCI = 42.575, Highs/Lows = 0.0000) within 1.02350 - 1.13350 since March 2016. I recently broke the 1W MA200 (yellow dotted line) in a candle sequence that appears to be replicating the March 2017 pattern.
This sequence (2017) followed with a strong rejection (on the second 1W candle after the break) towards the 1M Support and then bounced back up to towards the 1M Resistance. What leads us to believe that the same price action will be repeated, is that the patterns before that 1W MA200 break, are identical: First a Channel Down leading to the 1M Support, followed by a minor rebound to the 1W MA50 for rejection, new Channel Down and again a rebound towards the MA200.
Therefore the probabilities for replicating this are high and thus we will wait for the pull back (within 1.0500 - 1.0400) to buy towards a 1.11723 - 1.12929 Target Zone.
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NAS100 H4Price has broken through the ascending trend line, after making a head on shoulders formation. price now is breaking through key level support with a strong bearish engulfing momentum candle through key level support / neckline. Will be watching for a slight pullback to retest broken support as new resistance, as price now looks ready for a new downtrend & has alot of downside potential ahead.
AUD NZD | DUEL OF THE TWO WEAKEST CURRENCIES Will we finally see a correction of the bull run since August?
AUD and NZD the two weakest currencies at the moment, in a bull run without any correction for over 1.5 months!
1.0830-1.0860 is a strong resistance for this level. If we continue up we could see a move up to the daily trendline and resistance around 1.10000
Expecting a correction this week to our 1.07000 support level,before we continue up.
AUDNZD - FOREX - 16. SEPT. 2019Welcome to our weekly trade setup ( AUDNZD )!
-
1 HOUR
Bullish market and price action.
4 HOUR
Bullish market need to find an end now, prices way to high.
DAILY
Bullish run without pullbacks at strong resistance zone now.
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FOREX SETUP
SELL AUDNZD
ENTRY @ 1.08160
SL @ 1.08760 (60 Pips)
TP @ 1.07140 (100 Pips)
RR: 1.70
Use 1%-2% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN