AUDNZD approaching resistance, potential for further drop! AUDNZD is approaching our first resistance where we might see a further drop to our first support level.
Aud-nzd
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.
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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.
AUDNZD approaching support, potential bounce! AUDNZD is approaching our first support where we might be seeing a bounce above this level to our first resistance level. Stochastic is also approaching our support level.
AUSSIE ON A ROLL WITH THE KIWIBONUS: AUD/NZD
As most of you know the Aussie Kiwi is classified as the "traders favourites" this is due to its simplicity low turmoil and fundamentals and high volatility for daily gains.
Currently we are having a bullish flag and we will be seeing bullish movement this week on market open we get a setup for a buy.
"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.
AUD NZD LONGWe look for the emergence of a double bottom and multiple resistance levels represented by the purple box. and opportunities for profit around 1.05782 and 1.05937
AUDNZD AB=CD Harmonics & Fibonacci AnalysisPlease study the chart & check for upcoming chart updates
audnzd Approaching Support, Prepare For A Bounce
audnzd is approaching its support at 1.052 (100% Fibonacci extension,61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.057 (23.6% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
AUDNZD - *UPDATE* Corrective pattern building on the Daily.Waiting for the break below the corrective A wave could be enough correction to complete the ABC for the move up.
AUDNZD - Up Move ImminentAlthough we are expecting the up-move to present itself, we need to wait for a recognisable bullish pattern to appear on the daily before we can drop down and look for entry on the 4h.
AUDNZD - SWING - 08. MAY. 2019WELCOME TO DACAPITAL-TRADING!
AUDNZD FOREX BREAKDOWN 08 MAY 2019
1 HOUR
Strong H4 Candle Takeout and sellers stopout expecting some strong downside movement!
4 HOUR
Bullish market turning into bearish waves now, following the next move.
DAILY
Good short entrys with a good risk reward ratio.
SWING SETUP
SELL AUDNZD
ENTRY @ 1.06520
SL @ 1.07340
TP @ 1.04620
RR: 2.30
(Use normal Risk!)
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
AUDNZD RE-ENTRYLooking for another entry on AN if we get a break and retest on the CTL.
-First targets will be fib ext -0.27
AUDNZD FORMING BAT HARMONIC PATTERN! BUY AND SELLIN THE FIRST FIB LEVEL WE HAVE USED HIT THE 50% MARK AND SHOWN REJECTION OF THIS AREA.
I WOULD LIKE TO SEE THE BEARISH MOMENTUM COMEDOWN LOWER TO THE 1.04840 MARK WHICH WILL HIT OUR SECOND TARGET TO COMPLETE THIS BAT PATTERN WHICH IS ETWEEN 38.2-50%
FROM HERE I WOULD LIKE TO SEE A STRONG BULLISH MOVEMENT TO THE 88.6 LEVEL. IF WE DO SEE THIS, THIS WILL COMPLETE OUT BAT PATTERN. FURTHERMORE IF WE DO N0T, THIS SET WILL NO LONGER BE VALID.
WE HAVE ALSO BROKE A BULLISH TRENDLINE AND RETEST IT, THEREFORE THE TREND COULD CONTINUE BEARISH, WHICH WOULD MEAN OUR SET UP IS NO LONGER IN PLAY.
AUDNZD Head & Shoulders, Strong Structure+Fib Confluence LevelsAUDNZD is presenting us with a great opportunity to sell the market.
Price recently reversed off of the . 382 retracement of the most recent bearish impulse leg and began its move back downward.
This price action has established a nearly completed Head and Shoulders pattern, which provides us with additional opportunities to sell the retest of the broken neckline.
If the Head and Shoulders pattern is completed, and price breaks the neckline, I expect price to reach my first target at the 1.272 extension of the most recent bearish impulse leg--a level that has strong confluence with:
1. The .5 retracement of the large bullish impulse leg.
2. A historical level of support established on April 11, 2018
IF price touches this level, I expect a bounce upward to retest the neckline of the Head and Shoulders pattern followed by movement downward once again.
IF price reverses downward after retesting the neckline, my final target will be the projection of the Head range (shown in blue). This level has strong confluence with:
1. Recent resistance between the 18th and 19th of March 2019
2. A strong historical level of support established on June 22, 2017
Goodluck!
AUDNZD SHORTINGAUDNZD broke out of it downtrend and bounced back up of its key support level(red line).
But as you can see it came down again because as the resistance trend line from a while a go.
It will see it go down testing some support levels before we can see its next move
AUDNZD Continues Downward to Test the .382 RetracementOn the Ausisie Kiwi we have a nice opportunity to sell the market targeting the .382 fib retracement of the recent bullish leg. This .382 fibonacci level displays significant confluence with the market structure looking left.
Price reversed off of the .5 fib retracement of the larger leg (zoom out), and with clear bearish RSI divergence, the market has begun a deeper correction to fresh lows.
AUDNZD WEEKLY SHORT SETUP 300-700PIP SWING TRADE IDEALooking at AUD/NZD just need a Daily/Weekly reversal pattern to form before going short. If a Counter-trend line does form on the 4hr or Daily I will use that to help with more precise entries.
-We had a Weekly Uptrend break. It has been retested the back end of the uptrend previously for a 365 pip drop. It has reached our point of interest once again in which we can look to go short again (If confirmations are met).
-Initial Targets (Previous Weekly Lows). 2nd Target (100 fib) 3rd and final target (-27. Extension)
AUDNZDAUDNZD is one to keep an eye on during todays session. We personally expect the price to move to the downside following the sideways movement that is currently ongoing.
