AUDNZD potential Buy setupRecommended trading levels:
Entry Level(Buy Limit): 1.08441
Stop Loss Level: 1.07469
Take Profit Level 1: 1.09413
Take Profit Level 2: 1.10385
Take Profit Level 3: You can ride, by trailing SL to new HLs.
Reasons for bullish bias:
- Bullish harmonic XABCD pattern
- Price broke strong resistance and took its support
- Entry at Fib 0.5 level
- DOW theory, price broke LH
- Bullish divergence
AUDNZD
AUDNZD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.08900 zone, AUDNZD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.08900 support and resistance zone.
Trade safe, Joe.
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Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 1h timeframe
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AUDNZD: Short Trade with Entry/SL/TP
AUDNZD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short AUDNZD
Entry Point - 1.0894
Stop Loss - 1.0915
Take Profit - 1.0857
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
AUDNZD Potential drop from the ResistanceAUDNZD has rebounded from the channel border after forming a consolidation zone. The market remains bearish on both the daily and 4H timeframes. After recently hitting the support level, the price has moved sideways, suggesting it may continue to fluctuate between the established range's upper and lower boundaries. Considering that the price has rebounded from this level twice before, there is a strong possibility it may do so again. However, if the market breaks through the trendline and the key support at 1.08500, it could signal a continuation of bearish momentum and lead to even lower levels. The target is the support level at 1.08200
#AUDNZD 1DAYAUDNZD Daily Trade Overview
Trade Setup: Buy AUDNZD
Entry Point: 1.08100
Target Levels:
-Target 1: 1.10200
-Target 2: 1.11200
Description:
The AUDNZD pair presents a favorable buying opportunity on the daily chart. A buy entry is suggested at 1.08100, where the current technical analysis indicates potential for upward movement. This entry level is supported by recent price trends and a generally bullish outlook for the Australian Dollar relative to the New Zealand Dollar.
Target Levels:
1.Primary Target (1.10200):
This level serves as an initial profit-taking point. It reflects previous resistance and is a logical point for partial exit or to secure gains if the price moves in our favor.
2.Secondary Target (1.11200):
This is a higher target for those looking to capitalize on a more extended uptrend. It aligns with longer-term resistance levels and broader market trends.
Strategy:
Entry:Pl ace a buy order at 1.08100, observing price action around this level.
Stop-Loss: Implement a stop-loss order to manage risk and protect against unexpected price reversals. Position it below recent support to allow for normal market fluctuations.
Monitoring: Continuously monitor market conditions, economic news, and price action for any signs that might affect the trade's performance. Adjust targets and stop-loss orders as necessary based on evolving market dynamics.
Summary:
This trade setup offers a potential opportunity to capitalize on an anticipated rise in AUDNZD. The outlined targets provide strategic exit points for profit-taking, while appropriate risk management will help mitigate potential losses..
AUD/NZD Approaching 1.08000 Support Level: Bearish Outlook AheadThe chart of AUD/NZD suggests that the price is approaching a key support level at 1.08000. After a recent downward move, the market is expected to retest this support zone. The downward arrow on the chart indicates an expectation of further bearish movement towards the 1.08000 area. This level could act as a potential reversal point, but a break below could lead to further downside pressure. The market structure appears to be in a corrective phase, with lower highs and lower lows forming.
AUDNZD On The Rise! BUY!
My dear subscribers,
My technical analysis for AUDNZD is below:
The price is coiling around a solid key level - 1.0824
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.0843
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
AUDNZD Will Grow! Buy!
Here is our detailed technical review for AUDNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.088.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.091 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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AUDNZD potential increase following the channelAUDNZD has recently pulled back to a support area following a strong bullish impulse. Despite the price breaking and closing below the previous range, a bullish divergence is beginning to appear as it approaches the support level. This price action suggests a complex pullback, hinting that the bearish momentum may be losing steam. The market might consolidate around this area before potentially bouncing off the support, as it hovers near a key psychological level. The expectation is for a move toward the resistance zone around 1.1000
AUD-NZD Will Keep Falling! Sell!
Hello,Traders!
AUD-NZD is trading in a
Downtrend and the pair
Made a retest and a
Pullback from the horizontal
Resistance level of 1.0868
Which reinforces our bearish
Bias and makes us expect a
Further bearish continuation
Sell!
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Check out other forecasts below too!
AUDNZD Expected Growth! BUY!
My dear friends,
Please, find my technical outlook for AUDNZD below:
The instrument tests an important psychological level 1.0899
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0910
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK