AUDNZD - FOREX - 17. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Bearish price action and pressure.
4 HOUR
bearish waving market with several pullbacks and spikes.
DAILY
Very bearish market strucuture found its support and need a pullback now!
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FOREX SETUP
BUY AUDNZD
ENTRY @ 1.04310
SL @ 1.03960 (35 Pips)
TP @ 1.04900 (60 Pips)
RR: 1.70
Use 1% risk 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
Aud-nzd
forexTrdr AUDNZD- SHORT SQUEEZE COMPLETED- TIME TO FALL BACKAfternoon traders,
Looking at another great setup this time in Aussie Dollar versus New Zealand dollar which spiked overnight as the Aussie central bank cut rates but then indicated that was them finished cutting rates causing a short squeeze in this pair up towards the 100 day moving average around 1.05 where it has lost steam in moving higher.
Having watched this pair since the London open to see if it is finished squeezing higher we now see it as a great time to enter a short looking for the pair to pull back to yesterdays 1.0420 area and potentially lower.
Our trading view highlights the descending trend line that has held and the overbought nature on stochastics both making this a great level for entry and a clean trade to understand.
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms.
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from the Team at forexTrdr
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.
AUDNZD Ready for a short term pullbackAUDNZD has been declining for couple of days and is ready for an intra-day pullback before the major trend continues. Analysis is based on my currency pair analysis. I expect the pair to fall to 1.04438 where I will enter the trade with initial profit target at 1.04794; 2nd target is at 1.04948. Stop loss is few pips below 1.04369.
Any questions? Please let me know.
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!
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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
AUDNZD approaching reistance, potential drop! Price is approaching our first resistance (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% fibonacci extension) where a strong drop to our support (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUD/NZD fundamental outlookAUD is now fundamentally weaker currency after the recent RBA rate cut, dovish bias and the latest weak GDP print. The odds are now in favour of another rate cut in 2019.
On the other hand, NZD is supported and currently not in the footsteps of their bigger western brother. The equities continue to be in favour of kiwi and the NZ economy is doing good.
There is a policy divergence forming in our favour too.