DeGRAM | AUDNZD in the descending channelAUDNZD is trading in the descending channel.
Recently, the market broke and closed below the psychological level at 1.08000.
The market created a kill zone for short opportunities.
On the daily timeframe, the price made a bearish move and retraced, so we expect a trend continuation trade.
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Audnzdanalysis
AUDNZD Analysis 31July2023It appears that AUDNZD is displaying a bearish trend with a noticeable curve pattern, particularly in the SND area. It is likely that the price will respond positively to this trend. If you wish to take a short position, consider doing so when the price is between the Fibo 0.382 to Fibo 0.5 ranges.
DeGRAM | AUDNZD sell pullbackAUDNZD broke through the descending channel and reached the psychological level at 1.09000.
It is currently testing the resistance and 61.8% fibo level, and we can pinbar at resistance.
The market created a kill zone: psychological level, fibo, and divergence.
We expect a retest of the support.
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7 Dimension Analysis For AUDNZD 😇7 Dimension Analysis - Daily Time Frame: Spotting Bullish Opportunities for AUD/NZD
1: Price Structure:
Bullish trend with an initial choch (Correction of Higher Chance) phase. The move is impulsive, and the inducement is completed. Liquidity has been internally swept. First pullback count observed with extreme order flow area tapped. Time frame confluence at supply/demand levels on both weekly and daily charts.
2: Patterns:
🟢TREND LINES:
Broken on the bullish side, indicating a potential continuation of the uptrend.
🟢CHART PATTERNS:
Double top formed at the high of the previous swing high.
Daily rectangle pattern present, suggesting a safe side target around the previous high area.
Fake out visible at the bottom of the trend.
CIP (Change in Polarity) pattern evident with previous order flow support.
🟢CANDLE PATTERNS:
Multiple momentum candles observed in the previous 5 days.
Momentum breakout confirms with a big momentum candle.
Kicker pattern appears at the bottom of the current move, indicating a reversal.
Pro gap in the kicker formation.
3: Volume:
Significant volume session at the correction's low indicates substantial profit booking and a potential reversal.
4: Momentum UNCONVENTIONAL Rsi:
🟢 Bullish in Zone 1.
🟢 Range shift holding above 40, showing strong bullish momentum in the pair.
5: Volatility measure Bollinger bands:
🟢 Middle band support/resistance confirmed as the last insider bullback was supported by the middle band.
🟢 Squeeze breakout suggests high volatility, with a highly volatile move expected outside the upper band.
🟢 Walking on the band expected, as the last candle closed outside of the upper band.
🟢 Dual band derivation 1 supported.
6: Strength ADX:
Bulls are currently in power.
7: Sentiment ROC:
The rate of change indicates that AUD is stronger than NZD.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bullish
☑️ Entry Move: Bullish
✔ Support Resistance Base: 1.0875 area is a strong level for a buy entry.
➕ FIB:
↕️ Trend line breakout has occurred.
☑️ Final Comments: Buy at the mentioned level of 1.0875. Additionally, observe the first hour candle's open. If it makes an open low, consider buying. A gap-up open can also lead to a buy entry.
💡 Decision: Buy
🚀 Entry: 1.0875
✋ Stop Loss: 1.0786
🎯 Take Profit: 1.1076
😊 Risk to Reward Ratio: 1:3
🕛 Expected Duration: 7 days.
AUDNZD BullishWeekly average price above Monthly
Resistance 1.09329 is now support1
Support 2 is 1.07745
A break below 1.077745 is bearish trend(red arrow)
AUDNZD could close 3days in row above 1.9 support zone
Many technicians will recognise this as a potential trend reversal to the upside.
Fibonacci enthusiasts may also acknowledge that the dynamic value, which may serve well as resistance if challenged, is accompanied by a moderate Fibonacci cluster around $0.6681 (38.2% and 61.8% Fibonacci retracement ratios). Therefore, technically, this could prove a problematic headwind.
The levels above 1.11 are untested Highs and AUD will try to fill them
AUDNZD - Could see bearish rejection ✅Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: After the change of character here I see price to form lower lows and lower highs, so I am looking for shorts. Here we could see a rejection from bearish order block + institutional big figure 1.09000 in the upcoming days, if this happens, I will open a short position.
Fundamental analysis: Upcoming week on Wednesday will be released quarterly and yearly CPI on AUD. It was forecasted to decrease, which means currency weakening. If this happens, it will support our analysis.
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AUDNZD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | AUDNZD trend continuation opportunityAUDNZD is trading in an ascending channel and is currently pulling back to a support level.
The market broke its previous lower high, meaning a shift in the trend.
We expect a breakout pullback and continuation pattern, potentially completing the AB=CD pattern.
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AUDNZD Long Term Trading IdeaHello Traders
In This Chart AUDNZD HOURLY Forex Forecast By FOREX PLANET
today AURNZD analysis 👆
🟢This Chart includes_ (AUDNZD market update)
🟢What is The Next Opportunity on EURUAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
AUDNZD IS IN TRIANGEL PATTERNbased on Daily timeframe, AUDNZD is in triangle pattern.
and if you see with EMA than you see, at present time AUDNZD trade near it's 50 EMA.
and on RSI, it's defend our 40 level on RSI.
so with price action, EMA & RSI, we can see AUDNZD can touch upr line of this pattern.
DeGRAM | AUDNZD channel breakoutAUDNZD trading is in the ascending channel even though the major trend is bearish.
The market is likely to break and close below the ascending channel.
Price has dropped from the resistance. Look left.
We anticipate a downward trend.
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AUDNZD Buy Opportunity-Price has been in an overall bullish trend
-Price then met resistance at a weekly resistance/supply level.
-Price met resistance and formed a double top candlestick reversal pattern, hinting that price was ready to make a reversal.
-I am looking to go long once price either close as a reversal candlestick and/or form a candlestick reversal pattern on a lower time frame.
- I am anticipating price to make another attempt a bearish push, before continue in the initial bullish trend.
AUDNZD Sitting At Support Area On D1Currently, AUDNZD is trading at its support area of 1.0920. Based on my limited knowledge, if the daily candle closes below this level, you can consider taking a sell trade on its retest. The next support level for AUDNZD is around 1.0775, which it should aim for. On the other hand, if the daily candle closes above 1.0920, you can consider taking a buy trade, aiming for the resistance level at 1.1050 for AUDNZD.
Disclaimer: The information provided is for general informational purposes only and should not be considered as professional advice. Use at your own risk.
AUD/NZD potential swing trade long above the April lowAUD/NZD has fallen 3% since the April high, although it looks set to build a base above the April low. A Rikshaw Man Doji formed on the daily chart above this key support level and a bullish RSI is forming on the RSI (2) to hint at a near-term inflection point.
What may help it rally from here is Bloomberg's report that the RBA considered three rate paths ahead of their February meeting, two of which saw rates climbing to 4.8%, and the other at 3.35%. Given rates are now 3.8%, it leaves room for more hikes and for the RBA OCR to close the gap with RBNZ's.
The bias remains bullish above the April low and for a counter-trend rally towards the 1.7034 high.
AUDNZD - Short active ✅Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here I expect bearish price action as we can see that price filled the imbalance and rejected from bearish order block + institutional big figure 1.10000. My target is the imbalance lower.
Fundamental analysis: Upcoming week on Thursday we have news on AUD, will be released Unemployment Rate & on NZD will be released quarterly GDP. Pay attention to the results in order to validate the analysis.
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AUDNZD Long Term Selling IdeaHello Traders
In This Chart AUDNZD DAILY Forex Forecast By FOREX PLANET
today AUDNZD analysis 👆
🟢This Chart includes_ (AUDNZD market update)
🟢What is The Next Opportunity on AUDNZD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.