Audnzdanalysis
AUDNZD short!! - EQUIY.Dear traders,
So as you can see we expect AUDNZD to go short. We think it will go short because the markt is now in a strong weekly sell order zone. If you zoom in on the daily chart you can see we are now also in a strong sell order zone that’s been filled right now.
It will be much clear on the 4h chart, you can see the 4h trendline is been broken en created a nicely “M formation”.
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AUDNZD BuyMy opinion is that the market is in an uptrend and we're currently in a retracement where buyers have another opportunity to enter and exit the market for a TP. I have identified 2 places where you may wish to do a buy either at leg B OR you can decide to wait for market to go lower before buying in again at leg D.
My labelled zones are only a rough idea of where i think the market may touch. Decide on your own Entry & Exit.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
Aussie Still Reigning? AUD/NZD Ichimoku Long Trade SetupThis pair has been on a beautiful bullish run and we are looking to get into it if our confirmations hold. So far this pair has been holding above tenken sen so I am looking for a slight drop to buy with a stop less set right below that tenken sen line. This one is tight enough that I am not specifically looking for a support candle, just a small drop to get long. As an alternative we can always place a buy entry above this current candle, just be aware that it would give us a slightly worse risk to reward ratio. If price fails to hold support or break higher, this setup may become invalidated.
AUDNZD BUY OPPORTUNITY !!!! AUD NZD IS ABOUT TO PRESENT US WITH A LONG OPPORTUNITY!
Making the description simple - we have our daily resistance at 1.05355 that have rejected around 5 times from that zone. With that been said, a clean break of 1.05355 and retest would present us with a long opportunity!
Please, be patience and see the resistance turning support in order to place a long position!
Target 1.06215
All the best
Trading protection!!!
AUD/NZD 4H Chart: Pair likely to declineThe Australian Dollar has been moving in a five-month descending channel pattern against the New Zealand Dollar. The currency pair reversed from the upper boundary of a dominant descending channel at 1.1150 on August 7 and followed by downside wave.
As for the short-term future, it is likely that the currency exchange rate will aim at the lower boundary of the dominant descending channel pattern at 1.0386 during the following trading session.
However, a support level formed by a swing low at 1.0440 could hinder the AUD/NZD exchange rate from falling.
AUDNZD Broke key support. Downtrend in motionAUDNZD broke a key support level AND a key resistance level. Looks to be continuing the downtrend. The pair is up on the day. Waiting until the pair hits the previous resistance level to determine if it will be rejected or break through. If rejected, SL will be above resistance and slightly above trend line, and a move to the support level will be in play...
-StampsFX
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AUDNZD multiple trading opportunities with great reward.AUDNZD broke ascending trendline support and bounced off of what it looks like descending channel (pink lines) which means that there is very good chance that the price will try to reach the top of the descending channel. If this is the case then we have multiple opportunities to get involved in the bull run. The more conservative approach would be idea A) if the price comes back to test the low of the channel or B) if the price breaks the ascending trendline (purple line) and bounce off of it. In the short term we could trade short pullback to the descending channel following the A idea.
AUDNZD: AUD Weakness at Channel SupportAUDNZD
Timeframe: H4
Direction: Long
Confluences for Trade:
- Waning bearish momentum
- Price action at support of downward sloping Resistance Channel
- Horizontal Trednline support close by
- Stochastics at Oversold conditions (1D and W)
- Widening gap EMAs is large
Suggested Trade:
Entry @ Area of Interest 1.0450 - 1.0510
SL: 1.0381
TP: 1.0709
RR: Approx. 2.32 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.