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Audnzdanalysis

AUDNZD - Buy opportunity seems almost readyThe market hasn't over so many opportunities at the moment a that is worth to trade in my opinion. Lately, .. the market has just gone very corrective that has last for several weeks startingin early Novermber. Nevertheless, AUDNZD pair is still something to keep our eyes on, in my opinion. This pair has reach the daily double bottom area (inflection point) while forming a corrective descending structure (Falling Wedge like). The price even pierced through that area.. What interesting is, when the price pierced through it, it quickly gone back up in a impulsive manner. Its usually a signal from the market that the bearish move is just a fake move to catch people on the wrong side of the market. In addition, after this rejection the market has now forming what appear to like a bullish continuation flag pattern on H4 TF. This is enough sign for me that the market want to continue to the upside if it breaks this bullish flag. I set a stop order entry on the break of this bullish flag structure, with sl below the flag. 1st target is 1.06800 with the break above that opening the potential of the price go to 1.07500 and even 1.10500. Lets see how will this pair develop. Good Luck.. __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Long
by moa_trading_journal
AUDNZD - Falling wedgeWhen a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, price may breakout above the upper trend line. When price breaks the upper trend line the security is expected to reverse and trend higher. Dear traders are looking for an entry point into the long
Long
by Yuriy_Bishko
8
AUDNZD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 45 - Nov 02 M > Price is respecting downward trend-line as resistance. It faced rejection at resistance level and completed W formation, it continued to drop to test monthly support. W > After dropping to complete W formation price pulled up till 0.786 Fib level on bearish impulse and continued to drop till -0.618 Fib level on last bullish impulse. We can now expect a pull up for correction, we see an M formation and its neck is in between 0.382 and 0.5 Fib level on bearish impulse. D > We can see two odd candles in bearish impulse, which will now act as supply zone.We can see another M formation in D chart. Bearish move has already lost its momentum and we can expect a reversal soon. As per COT AUD saw closure of both Long and Short, improving net positions. AXY gained some lost position during the said week but dropped to test support level again last week. Any break further to the downside will be interesting opportunity to watch for. NZD saw addition of both Long and Short improving net positions to max for the year, whereas ZXY gained strength during the said week but it weakened last week. ZXY has been gaining strength slowly since June 2020 hence we can expect stronger NZD this week. Weak AUD and strong NZD can push price toward consolidation. 4H > We can see bullish divergence. Price has been consolidating at current support level for past few days and this situation an continue before price pushes for an upward move. Pair Correlation > AUDNZD has positive correlation with AUDJPY. Thank You AP17FX
Long
by AP17FX