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Aud-nzd

AUD/NZD – Bears are still in control The AUD/NZD currency pair on the 4-hour time frame has been following a downtrend recently. The price dipped below the key level of 1.04500 on 26 June. The price action in the AUD/NZD is mainly driven by the recent weakness in the Aussie dollar. As of writing, the price is hovering around 1.04400 with negative MACD and RSI below 50. The 4-hour chart of the AUD/NZD confirms the negative sentiment in the price movement as the 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 well below the 200-period Moving Average. The MACD (Moving Average Convergence/Divergence) is recording values below the zero-line which shows negative sentiment in the AUD/NZD. RSI (Relative Strength Index) showing values below 50 which supports the bearish sentiment. In alternative scenario, key resistance level lies at 1.05900. Bulls must break this level in order to regain bullish sentiment in the market.
Short
by FXTM
3
AUDNZD - FOREX - 20. JUNE. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Crypto-Currency Markets every day! - 1 HOUR Strong bearish breakout and price action. 4 HOUR Bearish waving market structure with several lh / ll. DAILY 50% Pullback of previous bullish x-a wave, expecting some bullish pressure now! - FOREX SETUP BUY AUDNZD ENTRY @ 1.04880 SL @ 1.04560 (30 Pips) TP @ 1.05440 (55 Pips) RR: 1.70 Use normal Risk (1% per Position) (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
16
"Trade Idea Fully Explained" AUD/NZD by ThinkingAntsOkTRADE IDEA ON AUDNZD Before explaining the trade we will see the context of this instrument on the Weekly chart: On the Weekly chart, the main items we can see are: a)Price broke out from an ABCDE Triangle formation ( Triangles are continuation patterns in this context) b)After the breakout price tried several times to re-enter to the triangle area without success, we can consider this as a weakness of the demand over the supply. c) If we consider the Possible targets after a triangle structure of this size is broken, the downside move is huge, so we are going to try taking advantage of this situation on the 4hs chart. On the 4hs chart, the main items are: a)Currently, price is on an ascending movement, we don't know exactly where is gonna be the reversal zone but we have 2 different possibilities explained on the chart b)If the reversal happens, consider to look an entry below the support zone and look for the ascending trendline of the corrective structure as a Take profit zone c)Remember is really important to set your stop loss correctly and maintain a good risk-reward Ratio, we will update the post if the price goes as expected *Please note that the above perspective is our view on the market, We do not give signals and take no responsibility for your trades.
Short
by ThinkingAntsOk