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.🚀
Aud-nzd
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
AUDNZD sign of turning back up on daily?Will need more confirmation. from the looks of it strong rejection on friday..price went back to 1.095 zone which is the breakup zone.
Will be more bias to look to short rallies
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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 has more room to dropThe AUDNZD pair followed exactly the pattern we presented on our previous analysis on September 23 and after completing a standard +4.70% rise on the blue Channel Up, it broke below it:
The pattern that was our benchmark on this accurate projection was the January - July 2021 Megaphone. After a rebound on the 0.786 Fibonacci level, the price got sold-off to a new Low on the 1.618 Fibonacci extension. That extension on today's pattern is just below 1.07000. Only a 1W MACD Bullish Cross can invalidate the selling.
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AUDNZD has been seriously weakHopefully you earned some pips from the trading analysis shared previously!
Days of down candles, have you lost count on it already?
Well, there arent sign to turn yet but keep in mind of the spring mechanism. When it is pushed too hard in one direction, it will rebound..could be seeing some retracement this coming week!
AudNzd more downside to come?Should be looking at shorting this pair
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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!
AUD/NZD - pullback over? 1.10 back in focusAustralian CPI beat expectations by a long mile yesterday, as did inflation for New Zealand in their most recent report. But the key difference between Australia and New Zealand for currency traders to be aware of is their central banks. The RBNZ have been far more aggressive than the RBA - with the latter dropping to 25bp rate increases and their rate remaining relatively low compared with their peers. And whilst the Aussie and Kiwi benefitted from a weaker dollar yesterday and AUD was given a 'bump' following Australia's inflation report, the fact remains that the RBA are not as hawkish as the RBNZ.
We’ve seen the desired pullback into a resistance cluster (lower trendline, 20/50 EMA and 1.1191 low) and a bearish pinbar has formed to suggest a swing high is in place. The RSI(2) reached overbought on Tuesday before turning lower yesterday, which backs up the bias of a potential swing high. The 200-day EMA / support zone just below 1.10 is now in focus for bears - and AUD/NZD is likely to be a tempting swing trade short whilst prices remain beneath yesterday's high.
InvestMate|AUD/CAD Monday play🦘AUD/NZD Monday play
🦘The Australian currency has begun to weaken sharply against the New Zealand dollar over the past month.
🦘The extent of the weakening since the peak has already been over 4%
🦘Friday's session did not leave a dry eye on the pair either.
🦘The weakening of the Australian currency is probably dictated by the interest rate differential which in Australia is 2.6% and in New Zealand 3.5%, almost 1% more.
🦘In my opinion, looking at the dynamics of the movement and the closing of the candle at new lows
🦘It is very likely that we will continue the downward trend on this pair on Monday.
🦘Bearing in mind that we have already made a sizable correction bouncing off the 0.382 level of the last major upward wave.
🦘As far as I can see from the levels, the road to the cluster of levels 0.382 of the largest upward wave and 0.5 of the more recent upward wave and the outer measure of the largest correction in the current downtrend at 1.618 is wide open.
🦘The zone has been respected by the price many times in the past.
🦘But I would stress that this is a long-term perspective.
🦘A more local level I would look for in the outer range of the wave of the last upward correction at the level of 1.272 of this wave.
🦘This is the 1.098 level which is a round price level.
🦘 A move to this level opening positions at current prices would be as follows.
🦘Stop order slightly above the 0.786 level.
Take profit at 1.0979 level.
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AUDNZD could see some rebound...A minor Rebound can be in place bias will be to short this pullback
**Find out more from my Tradingview Stream this week**
***************************************************************************************
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!
AUDNZD Next MoveTechnical Analysis Chart Update
AUD / NZD ( Australian Dollar / New Zealand Dollar )
Time Frame - H4
Bullish Channel in Long Time Frame and Rejection from the Upper Trend Line #UTL
Selling Divergence in RSI
" 3rd " wave in Long Time Frame #LTF and " 12345 " wave in Short Time Frame completed
AUDNZD - Massive Resistance Ahead!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
AUDNZD is overall bullish however it is approaching a strong resistance in green. (1.135 - 1.140)
As per my trading style:
Since AUDNZD is sitting around a resistance zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Of course, unless the resistance is broken upward, in this case it would become support and further bullish movement would be expected.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDNZD Testing Resistance. How to trade a breakout or rejection.The AUDNZD pair has been on a strong structured uptrend since September 16 2021 market low, within a long-term Channel Up. Recently, the pattern turned into a Bullish Megaphone according to the 1W RSI and MACD indicators, much like the one that started on January 2021.
The price is currently testing the top (Higher Highs trend-line) of the Megaphone. A break above it, should target the top of the Channel Up and complete the +4.70% rise that has been done the two times that the pair rebounded on the Channel's bottom. A rejection either now or at the top of the Channel Up should be bearish medium-term, targeting at least the 1D MA50 (blue trend-line). A break below the Channel Up, establishes the Megaphone as the dominant pattern, and should test its bottom, along with the 1D MA200 (orange trend-line).
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** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoyed this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant and support me and allow the idea to reach as many people as possible. **
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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