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Audnzdanalysis

AUDNZD | PERSPECTIVE FOR THE NEW WEEKAUD/NZD is aiming higher within the broad range despite the announcement from Reserve Bank of New Zealand's governor Orr at the beginning of the month (September 2020) that the central bank is ready to deliver more stimulus. Presently, the pair is trading above the Breakout of the Bearish Trendline hereby closing the last week above the Demand zone @ 1.09200 Tendency: Uptrend ( Bullish ) Structure: Trendline | Supply & Demand | Breakout Observation: i. The line drawn under pivot lows on the Daily chart emphasizes the prevailing direction of price as price comes back to touch Trendline once again! ii. Breakout of Rejection Trendline is another confirmation that points at an Uptrend bias. Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward: 1:3 Potential Duration: 8 to 15 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Long
by darcsherry
AUDNZD Elliott wave analysisFX:AUDNZD Due to the weaker monetary policy in of reserve Bank of New Zealand the kiwi dollar had lose some strength against all the currency pairs AUDNZD has managed to gain some strength towards 1.10430. At 1.10320 it has formed a double top formation which triggered selling of kiwi dollar An it also formed a ABCDE Elliott wave pattern which has further sliding of AUDNZD Currently this pair was trading in a falling channel. After reaching 1.0900 which is a major psychological level it bounced back towards 1.09600. Here is a 50% Fibonacci of previous high and low At this juncture clear bearish engulfing candle has formed and a bearish flag pattern. Suitable selling positions may opened at current level and the target would be 1.08383 which is a next resistance level and the expected level of Elliott wave 03 Stop lose may place above 1.10120 level If the price broke at 1.1000 level this Elliott wave pattern will got invalidated Important levels to watch August high - 1.10434 August low - 1.07180 July low - 1.05650 July high - 1.07520
Short
by forexorbit
AUD/NZD - price returning to weekly resistance now support?AUD/NZD price has today returned to a significant technical zone - the upper boundary of the weekly descending trend channel that has kept price in check for the past six years. Price broke to the upside from this channel in Early-August, which may signify a reversal in overall trend. However, price has performed breaks to the upside previously, only to then return back to the trend channel. Nonetheless as price action has returned to the upper boundary, we will be looking to see whether price action shows strong rejection on the daily timeframe, in which case we will enter long with an target of 1.095. If price breaks back into the weekly trend channel, we will then starting looking for potential short entries, to catch the ride back down to the lower boundary.
by TheForexFellows
AUDNZD shortMonthly 1 touch 2 touch makes a trend line 3rd touch usually completes the trend Weekly 1 touch 2 touch makes a trend line. 3rd touch to complete the trend. 1. Market has reached psychological level between 1.09100 and 1.10000. 2. Looking for 1 more weekly rejection candle to support bearish momentum to the down side. 3. Looking for confirmation in the lower time frame to take a sell. 4H 1. Waiting for price to retest 1.09500 or break up and even get to 1.09600 and create a zone to break out off heading down 2. If price respects 1.09500 and rejections candles are created will be looking to take a sell down to 1.08200
Short
by Mafora
AUDNZD, 4hr tf, double top pattern with ichimoku confirmationHello my friends, This pair come into my forex screener and i saw a promising setup to it. A double top pattern on the 4hr timeframe, price also already broken below the neckline and retested it. I got another confirmation from the ichimoku as price also broken below he bullish cloud. It also show sign that price could continue it declines as the cloud start turning red. Sell AUDNZD @1.0930 Stop loss @1.0970 Take profit 1 @1.0880 Take profit 2 @1.0830 Use only 1-2% risk Good luck Disclaimer : i sold this pair at 1.0930 as well
Short
by HayatoDragonFX
1
Sell Opportunity For AUDNZD!!! As we can see, I will be expecting the elliot wave movement to end soon with possible retracement movement. If we look into the price movement, we can see price moving up slightly to a potential resistance area (red area) where I will expect to see a nice rejection off there. As for retracement level, I will seeing it moving towards 1.0795 level where there is a rather strong support level with a nice 50.0 fib retracement if it moves toward that area. As of now, I will be looking for a BEARISH movement for this pair with possible retracement waves taking over. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Short
by YGForex
AUD/NZD BUY SIGNAL Hey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) AUD/NZD: Daytrade-Preparation Market-Buy-Order: 1,09335 Stop-Loss: 1,08945 Target 1: 1,09705 Target 2: 1,09940 Target 3: 1,10180 Stop-Loss: 39 pips Risk: 0,5 % - 1% Risk-Reward: 2,21 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
5
AUDNZD - BULLISH BIASAUD - BULLISH 1️⃣ Global risk appetite was boosted after governor of the People's Bank of China Yi Gang noted that China will continue implementing the phase-one economic and trade agreement with the US while measures aimed at opening up China's financial sector will continue. 2️⃣ Goldman Sachs raised its 2021 US GDP forecast to 6.2% from 5.6%, driven by expectations that at least one COVID-19 vaccine will be “widely distributed” by the end of the second quarter next year. NZD - BEARISH 1️⃣ New Zealand has reported its first coronavirus cases in 102 days and has announced it would slap new restrictions. 2️⃣ RBNZ policy will be left unchanged but risks are dovish. ===== TECHNICAL ===== - We are looking to long AUDNZD on RBS level + SMA50 area. - AUDNZD in bullish zone.
Long
by MonsunAsia
AUD/NZD Long Short TermGood day, snipers. Here in AUD/NZD, price recently broke major resistance now turned support and now broke a minor resistance turned support and rejecting 61.8 Fib Level. We are riding the trend here and price making higher highs and lows. Stops just below the support level Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains. As sniper traders, we tread carefully, then we take shots immediately. Join the discussion down below.
Long
by SniperFXFree
1