AUDNZD: Bearish Continuation is Highly Probable! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current AUDNZD chart which, if analyzed properly, clearly points in the downward direction.
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AUDNZD
Strifor || EURUSD-Mid-term viewPreferred direction: BUY
Comment: The main currency pair is most likely now the most interesting to buy, since it has the most formed buy-setup. A significant part of the buyers have already been liquidated, and growth according to scenario №1 is now most likely. Scenario №2 is considered as plan B, where buy-positions are expected at the level of 1.06500 . This level is located near the support trend line.
The target for this medium-term long trade is not considered above the level of 1.07500 .
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Strifor || NZDUSD-Mid-term viewPreferred direction: BUY
Comment: Once again, we are considering the New Zealand dollar together with the Australian dollar , well, this is not surprising given their high correlation. Here, too, a recovery is expected in the medium term, but not everything is so simple, and still, before growth, there will most likely be updates to local lows. A more optimistic scenario is exactly what it looks like and can be found on the chart within scenario №1.
Scenario №2 is more aggressive on the part of the seller, and here it would be best to look for long-positions at the support level of 0.59018 . Above the level of 0.60713 the target is not considered.
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AUDNZD: Long Signal Explained
AUDNZD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long AUDNZD
Entry Point - 1.0893
Stop Loss - 1.0880
Take Profit - 1.0916
Our Risk - 1%
Start protection of your profits from lower levels
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AUDNZD Will Explode! BUY!
My dear friends,
My technical analysis for AUDNZD is below:
The market is trading on 1.0893 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0923
Recommended Stop Loss - 1.0876
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Strifor || AUDUSD-09/04/2024Preferred direction: BUY
Comment: Medium-term long positions for the AUDUSD currency pair are active, according to our previous trading idea for this instrument. In addition, short-term prospects also encourage active purchases, and with the opening of the European session, one can take a closer look at longs, especially those who did not manage to enter earlier, as we wrote about in the previous trading idea for this instrument.
The most likely scenario №1 assumes maximum growth from current prices. One can also consider entering through a pending order, placing it just above yesterday's and today's highs. Scenario №2 is unlikely, but we will also be ready to use it. We do not set the growth target above the level of 0.66458 .
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Strifor || SILVER-Mid-term viewPreferred direction: SELL
Comment: We continue to consider metals as part of medium-term sales, but there is no good reason to enter yet. Of course, one can gain a position with a small volume using a "step by step" system. In the short term, silver and gold are likely to strengthen again. Thus, silver will update the local maximum, and gold will update the historical maximum.
The most likely scenario at the moment for silver is a movement towards the level of 28.50 , where we can expect the formation of a short entry point ( scenario №1 ). A more aggressive scenario from the point of view of the current buyer is scenario №2 , where price strengthening can be expected towards the level of 29.00.
The target for a fall in medium-term sales as part of a corrective movement is located at the level of 27.00.
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Strifor || NZDUSD-09/04/2024Preferred direction: BUY
Comment: The New Zealand dollar copies the situation with the Australian dollar. Here, we also continue to adhere to the previously outlined long scenario and have almost already reached the target at the level of 0.60713 . Today, it is relevant to consider short-term purchases with the same target at the level of 0.60713 . There are two scenarios for buying, and the strength of buyers allows the price to start growing as much as possible from current prices ( scenario №1 ). The probability of a preliminary rollback before growth is small, so we keep scenario №2 in our arsenal.
It should be noted that tomorrow there will be a meeting of the RBNZ and a decision on the interest rate . Therefore, it is better not to delay with short-term trades and, if possible, close them before this event.
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Capturing Opportunity: Short Trade Setup on AUDNZDOverview:
AUDNZD has exhibited a notable rejection at a significant resistance zone, confluently aligning with the 4-hour trendline. This presents a compelling opportunity for a potential short-trade setup.
Entry Point:
Considering the observed rejection and alignment with the 4-hour trendline, an entry point at 1.09150 is recommended. This level reflects a strategic position to capitalize on the anticipated downward movement.
Stop Loss:
To manage risk effectively, a stop loss should be placed at 1.09490. This level provides a buffer against potential adverse price movements while allowing for sufficient room for market fluctuations.
Take Profit Targets:
Two take profit targets are identified:
- TP-1: Set at 1.08797, representing the initial profit-taking level. This level aligns with the anticipated downward momentum and serves as a conservative exit point.
- TP-2: Positioned at 1.08450, reflecting a deeper target for maximizing profit potential. This level accounts for further downside potential based on the prevailing market dynamics.
Conclusion:
In conclusion, the technical analysis suggests a favorable short trade opportunity for AUDNZD, with an entry point at 1.09150, stop loss at 1.09490, and profit targets set at 1.08797 and 1.08450 respectively. Traders should monitor price action closely and adhere to risk management principles throughout the trade execution process.
AUDNZD - 4H - RISING WEDGE - Short PositionIn this chart we have observed a Rising wedge in which price is continuously rising and volumes are started shrinking. In this condition the buyers loose interest in buying on that high price. So as we spotted a Bearish Divergence and it will take a slight dip to the TP we suggested.
AUDNZD My Opinion! SELL!
My dear subscribers,
This is my opinion on the AUDNZD next move:
The instrument tests an important psychological level 1.0943
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0931
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
AUDNZD Will Fall! Short!
Take a look at our analysis for AUDNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.094.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.090 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Strifor || AUDUSD-04/04/2024Preferred direction: BUY
Comment: Our medium-term target for the AUDUSD currency pair has been achieved. However, the short-term outlook remains in favor of the buyer, and growth is expected towards the level of 0.66500 . There are assumptions that the main competitors of the US dollar will, for the most part, strengthen against the American before the NFP , and during the release of data on the US labor market, the USD will most likely strengthen its position again. But the medium-term prospects are still not clear. We need to wait for a more transparent setup for a final conclusion.
Short-term growth in AUDUSD is expected in two scenarios, which can be found on the chart. Most likely, the buyer will behave quite aggressively to the level of 0.66500 .
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Strifor || AUDUSD-Mid-term viewPreferred direction: BUY
Comment: Medium-term long sentiment for the AUDUSD currency pair remains. At the moment, we have active scenarios. Let us recall that we considered two scenarios simultaneously, i.e. gradually accumulating a long position. There may be another update on local lows, but the medium term is still very confident for buyers.
We are considering targets at the levels 0.66000 and 0.66500 .
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AUD-NZD Bearish Bias! Sell!
Hello,Traders!
AUD-NZD is trading in a
Strong uptrend and the pair
Is locally overbought
So after the pair retest
The horizontal resistance
Level of 1.0942 we will
Be expecting a local
Bearish correction
Sell!
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Shorting AUD/NZD (Australian Dollar vs New Zealand Dollar)OANDA:AUDNZD AUD/NZD: Hunting Bears in the Land Down Under!
Looking for a chance to snag some pips in the forex market? Take a trip Down Under and short the AUD/NZD at 1.09115 for a potential sweet reversal!
AUD/NZD is forming a bearish It is reaching an important ZONE of resistance, ready to tumble!
Remember:
Watch out for the whales! Stay tuned for economic news and events.
Manage your risk wisely. Don't go all-in - enter with a small position size
This is just a suggestion, always do your own research before entering any trade.
AUDNZD Reversal expected. Cyclical bearish signal emerging.Has been a while since we looked into the AUDNZD pair, following our Sell Signal on November 16 2023 (see chart below):
The price has now reached the 1.093250 Symmetrical Resistance, which has basically only broken once in the last 12 months. Ahead of a potential 1D MACD Bearish Cross, we see a high resemblance of the current High with the June 20 2023 peak.
As a result, we are turning bearish on this pair, targeting the 0.618 Fibonacci retracement level (as the July 14 2023 Low) at 1.07100.
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✅AUD_NZD SHORT FROM RESISTANCE🔥
✅AUD_NZD is about to retest a key structure level 1.0940
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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AUDNZD | Hidden Bearish Divergence | Harmonic Bearish Shark The AUDNZD chart currently shows the formation of a XABCD Harmonic Shark Bearish Pattern, indicating a Potential Reversal Zone (PRZ). Additionally, there is a hidden bearish divergence, suggesting that the current uptrend is likely to reverse into a downtrend. Furthermore, on the daily chart, the price has just touched a strong daily resistance zone, which also serves as an Order Block (OB). This action confirms the bearish OB and all these indicators collectively suggest a shift in the trend to a downtrend.
In technical analysis, a Harmonic Shark pattern is a specific type of harmonic pattern that signals potential trend reversals. The completion of this pattern at the PRZ indicates an area where traders might anticipate a change in the current price direction.
A hidden bearish divergence occurs when the price forms higher highs, but the corresponding indicator (such as the Relative Strength Index or RSI) shows lower highs. This suggests underlying weakness in the upward momentum, potentially leading to a reversal.
The concept of an Order Block (OB) refers to a significant level of support or resistance where institutional traders have previously entered the market. When the price approaches and reacts to this level, it can confirm the strength of the OB.
On the 1-hour time frame, also there is a hidden bearish divergence, and the Previous Day High (PDH) liquidity has been taken. Whenever the PDH is breached, a pullback to the downtrend is often observed. Additionally, the trend line on the 1-hour time frame has been broken, and the price has retested this trend line. According to Dow Theory, these indications suggest a shift in price behavior from forming higher highs (HH) and higher lows (HL) to forming lower highs (LH) and lower lows (LL).
On the daily time frame, the price has tested a strong resistance zone and is rejecting from its peak resistance level bearish OB. Overall, the daily chart appears bearish, indicating a potential trend change. Additionally, there is a trend line liquidity that needs to be breached for the price to move in either direction.
In summary, the combination of the Harmonic Shark Bearish Pattern, hidden bearish divergence, and interaction with a higher time frame to lower time frame strong daily resistance zone (Order Block) suggests a strong indication of a potential shift from an uptrend to a downtrend in the AUDNZD pair. However, it's essential to conduct comprehensive analysis and consider other factors before making trading decisions.
Strifor || NZDUSD-Mid-term viewPreferred direction: BUY
Comment: The New Zealand dollar almost completely copies the situation with the Australian dollar . Here, we also continue to adhere to buy-priority in the medium term. It should be noted that both of these currencies are currently having the best setup for buy among others majors, but even this does not exclude potential short-term weakening. This probability is precisely described on the graph in the framework of scenario №1 , which is more likely at the moment, but scenario №2 is also already in the works.
Just like in AUDUSD , we continue to accumulate long positions with a medium-term target at the level of 0.60713.
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