Strifor || AUDUSD-14/05/2024Preferred direction: BUY
Comment: The current week will be the most intense compared to the previous one, as a number of important economic data are expected to be published. The focus will certainly be on the US CPI.
Against this background, we still adhere to the buy priority for the Australian dollar and expect growth to the maximum level of 0.66460 from current prices (scenario №1) . This level is the main target, although you can expect a slight rise a little higher as part of a false upward movement. In the longer term, we also believe that the currency pair will turn downward.
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AUDNZD
AUDNZD Will Go Up From Support! Long!
Here is our detailed technical review for AUDNZD.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.098.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.100 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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AUDNZD:🔴Sell opportunity🔴The price hit the HTF supply zone and had a bearish reaction, creating the buy-side liquidity alongside the bearish FVG in the premium, so we can expect the price to hit the bearish FVG and collect all the buy-side liquidity and then come down for sell-side liquidity.
In this scenario, I like to see speed when the price sweeps the liquidity above the old high.
As always, we need LTF confirmation to enter a sell position.
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🗓️13/05/2024
🔎 DYOR
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AUDNZD Will Go Higher From Support! Long!
Please, check our technical outlook for AUDNZD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.095.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.097 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Strifor || NZDUSD-10/05/2024Preferred direction: BUY
Comment: The New Zealand dollar is also considered in favor of a buyer in a short-term deal. The target is still at the level of 0.60713 . Both previously published scripts are already in production.
It should also be noted here that more medium-term prospects will most likely be in favor of the US dollar , and you should not count on big growth.
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Strifor || NZDUSD-07/05/2024Preferred direction: BUY
Comment: The New Zealand dollar is also seen in favor of buyers. Here, the expected growth according to the two scenarios is in many ways similar to the situation for the AUDUSD currency pair.
Here, too, the most likely scenario is an increase from current prices (scenario №1) . A less likely scenario involves a preliminary fall to 0.59857 (scenario №2) . We consider the growth target near the level of 0.60713.
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Strifor || AUDUSD-07/05/2024Preferred direction: BUY
Comment: The current situation for the AUDUSD currency pair continues to develop in favor of buyers, and against this background, we are considering a short-term long from the level of 0.66000 . In the recent past, this level was the growth target for a medium-term deal. This level is currently support.
The most likely scenario №1 assumes an increase from current prices, and our target is at the level of 0.66460 . Scenario №2 is less likely. In this case, of course, one needs to be careful, as a sharp imbalance may be in favor of the seller.
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AUD/NZD Giving An Amazing Bearish P.A , Time To Sell It ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Strifor || GBPUSD-Week StartingPreferred direction: BUY
Comment: Buyers insist on growth for the GBPUSD currency pair, where we expect an approach towards the level of 1.26500 . The US dollar is likely to continue its downward correction at the beginning of this week, which in turn strengthens the main competitors of the American currency .
We are considering two main scenarios for this long trade, where the most likely growth according to scenario №1 assumes the strengthening of the British currency from current levels. It is unlikely that the instrument will need to roll back to 1.25346 , from where the pair will most likely go up as well (scenario №2).
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AUDNZD - Buy opportunity ✅Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect price to go a little bit lower to fulfill the imbalance and then to reject from bullish order block + institutional big figure 1.10000.
Fundamental news: Tomorrow (GMT+3) we will see result of Cash Rate on AUD, news with high impact on currency.
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Strifor || NZDUSD-30/04/2024Preferred direction: BUY
Comment: The outlook for the New Zealand dollar is the same as for the Australian dollar . In both cases, we are likely to see new local highs, but growth is limited, in the case of NZDUSD this is the level of 0.59857 . We are considering two options for the development of events. The most likely scenario is №1 , and scenario №2 is an entry within the framework of a false breakout.
The best probable option is to consider entry after the Fed meeting .
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Strifor || AUDUSD-30/04/2024Preferred direction: BUY
Comment: Before the Fed meeting on major currency pairs, a rather uncertain situation has developed, and the best option will most likely be to refrain from trades and make a decision on entry after the interest rate decision. However, the most likely scenario is in favor of buyers. At the moment, the best option would be to look for an entry point near the support level of 0.64906 . We consider two scenarios near this level, where scenario №1 is about a rebound trade, and scenario №2 - a false breakout. The growth target in both cases is the level of 0.66000 .
If, after the Fed , the price falls below the support level of 0.64906 and cannot recover, then you should not count on growth in the medium term.
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AUDNZDAUDNZD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
Strifor || NZDUSD-23/04/2024Preferred direction: BUY
Comment: The New Zealand dollar duplicates the sentiment of its older brother, the Australian dollar . Since last week, the buy priority has been maintained, and only the growth target has been changed, which we are considering at the level of 0.59857 . Setting a goal higher than 0.60000 will be a rather risky idea, so it is best to limit the goal to this level.
Considering this week, we offer two scenarios where the most likely growth will not be long in coming (scenario №1) .
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Strifor || AUDUSD-23/04/2024Preferred direction: BUY
Comment: Tuesday has started more positively for the majors, especially for the euro and pound , which we talked about yesterday (these trading ideas can be viewed). The Australian dollar, like the above currencies, is on the buy list. Here, we continue to keep previous long positions with a target at the level of 0.65010 . Within the framework of the current week, we can consider two scenarios, which are depicted on the chart. The more likely scenario №1 assumes growth from around current prices. US PMI data may help buyers here if the figures will be less than forecast.
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