AUD/NZD holds support ahead of AU and NZ dataTechnically, AUD/NZD looks ripe for another leg higher as it is holding above trend support and the 100-bar EMA. A break above the weekly pivot point could confirm such a breakout and resumption of its trend and bring the weekly R1 / recent highs, with 1.10 also making an interim target along the way.
However, keep in mind that data from AU and NZ between 11:30 AEDT and 12:00 could make or break this trend. Ideally, we’d need to see strong AU household spending, an okay (or better) business sentiment report alongside lower NZ inflation forecasts for this to simply break higher.
For now, the bias is for a break above the weekly pivot whilst prices remain above yesterday's low. A downside break of the trendline suggests a deeper pullback is underway.
Aud-nzd
AUDNZD AUDNZD
Another day, another great opportunity for us trades to take advantage of. AUDNZD We are at key resistance when it comes to higher time frame including daily and weekly.
We could say we are within the channel for now but if we break below 50 EMA & of trendline support expect 1.09170 areas to be target areas. However, if we break the highs of 1.09865 then I expect we retest the highs again.
There are really clear levels in this, you could call this bear flag but let's wait and see!
Don't forget ...It is a Friday!
Trade Journal
AUDNZD on an ascending triangle 🦐An ascending triangle pattern in the AUD/NZD currency pair on a 4-hour chart suggests that the market sentiment is bullish, with the price creating higher lows while being contained by a horizontal resistance. This pattern can be considered a continuation pattern, implying that the upward trend may continue if the resistance is successfully broken.
In this scenario, a long order could be considered according to the Plancton's strategy rules if the price breaks above the resistance level, signaling a potential uptrend.
An ascending triangle is a technical chart pattern that occurs in an uptrending market and is considered a bullish continuation pattern. It is characterized by a flat upper resistance level and a series of higher lows that form a diagonal support line.
The pattern forms when buyers attempt to push the price higher but are met with resistance from sellers, causing the price to consolidate at the same level. As time passes, the support line moves higher, reflecting an increasing willingness among buyers to pay higher prices for the asset. If the price breaks above the flat resistance level, it can be considered a signal of continued bullish sentiment and a potential uptrend.
AUDNZD It’s been a while! Took some time away to practice. Looks like we broke out of a recent downtrend. I counted a potential impulsive wave on the breakout and am now looking for a retracement to the wave 4 low anywhere between 38-61% or more if possible. Price may be in a consolidation phase at a recent high. Could recent bullish momentum exhaust soon?
AUD/NZD pulls back to key support zone for swing trade longWe’ve been waiting for AUD/NZD to retrace from its cycle high to reconsider longs, and it has now once again piqued our interest. Prices found support at the 200-day EMA yesterday, with the 38.2% Fibonacci retracement holding today’s low nearby.
Whilst RSI (2) is not quite overbought, it is not far from it which suggests we could be approaching a cycle low. It is also trading lower for a fourth consecutive day to also suggest mean reversion (higher) may not be too far away.
Should we see evidence of a swing low on the 1 or 4-hour chart, we’d be tempted to scale in to a long with a stop beneath either the bullish trendline or 50% retracement level.
We could then tighten our stop and add to the long position if the momentum begins to turn higher on the daily chart.
1.1000 is the initial target near last week’s high, with the potential for a move to 1.1045
AUDNZD - Strong Resistance Ahead!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
AUDNZD is approaching a resistance zone so we will be looking for sell setups on lower timeframes.
on H4: Right Chart
AUDNZD is approaching the upper trendline of the rising channel in red.
As price approaches the purple zone, as per my trading plan, I will be looking for potential bearish reversal setups on lower timeframes.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDNZD Next MovePair : AUDNZD ( Australian Dollar / New Zealand Dollar )
Description :
It is Following Elliot Waves Completed the " 12345 " Impulsive Wave and " A " Corrective Wave and will Complete its " B " Corrective Wave at Fibonacci Level - 61.80%
Break of Structure and Completed the Retracement
We have Impulse Correction Impulse
Divergence
Fibonacci
The Support can now React as the Resistance in Short
Audnzd could see more upside,wait for cueAN could be seeing more upside if it can break up..if not..could be having somemore pullback downwards.
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
AUDNZD Sell below the 1D MA200, buy above it.We will keep following a successful for us pattern on the AUDNZD pair, which two months ago helped us take a huge sell:
As you see on the chart above, as the price was failing to break the 1D MA50 (blue trend-line), it got strongly sold just below 1.05000. The past 3 weeks, the pair has been rallying back above the 1D MA50 and is approaching the 1D MA200 (orange trend-line).
Using the old 2021 fractal, we expect a pull-back to at least 1.06270 as long as the price fails on the 0.5 Fibonacci and 1D MA200 Resistance Zone. A closing above it though, would be a long-term buy, in which case a Bullish Cross on the 1W time-frame would confirm.
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Analysis AUDNZD : 📅 12/29/2022Analysis AUDNZD :
Considering the breaking of the suffering range and the formation of an upward trend, we can expect a good upward movement.
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price: 1.06700
sl: 1.06200
tp1: 1.07500
tp2: 1.08000
tp3: 1.08700
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👤 Alireza hajighasem : @alirezahajighasem
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📅 12/29/2022
AUDNZD bullish on dailyIt is turning already on higher timeframe..will be looking to go on long either on pullback or continuation breakouts
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If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
InvestMate|AUD/NZD Once Again!🦘🦘AUD/NZD once again!
🦘That's how I perfectly predicted the decline in the last post:
🦘The time has come to once again attack the decline to the vicinity of the support zone determined by the 0.786 level of the entire upward wave from the 2021 low to the 2022 peak.
🦘Every indication is that there will be a renewed attack on this zone.
🦘I do not even rule out a move lower.
🦘I determined the resistance zone based on the recent peaks.
🦘Looking at the MACD and RSI histogram, it is not hard not to get the impression that there will be a continuation of the declines.
🦘The scenario I am playing out is a decline to the vicinity of the support zone level. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🦘*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
AUDNZD just a quick updateaudnzd might have some good bounce from current 1.06 area ..later on after AUD rate should have clearer indications.NZD could be weaker as compared to AUD.
But of coz the other side of thing can happen where AUDNZD just break lower from this consolidation...
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Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
InvestMate|AUD/NZD Declines Declines and post-declines🦘🦘AUD/NZD Declines Declines and post-declines.
🦘This post is my long-awaited follow-up to a post I put up some time ago in which I wrote about the coming declines.
🦘The declines have arrived and in the current post I will introduce you to a zone that could play a key role in the coming weeks.
🦘We have broken through the resistance zone and are moving dynamically towards the support zone.
🦘This support zone was determined by the fibo level of 0.618 of the entire upward wave from the covid bottom to the 2022 peak.
🦘My target is located in this area.
🦘The scenario I'm playing out is a continuation of the decline to the vicinity of the support zone level. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
AUDNZD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for AUDNZD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
AUDNZD - Strong Rejection Zones!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
AUDNZD is overall bearish trading inside the red channel, however, it is now approaching the lower red trendline acting as a non-horizontal support zone .
Moreover, the zone 1.07 is a strong support zone .
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower red trendline. (acting as non-horizontal support)
As per my trading style:
Since AUDNZD is around the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
and of course, as AUDNZD approaches the upper red trendlines, we will be looking for trend-following sell setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich