AUDNZD SHORT TERM SHORT, LONGS PENDING.Hey Traders. Here is the full breakdown analysis for AUDNZD short term and long term. Let me know your thoughts below!
Audnzdforecast
AUD/NZD - ForecastAs you can see AUD/NZD has shown bearish movement after hitting the key resistance level at around 1.1042
Now it has retraced a little after reaching the KEY SUPPORT Level at around 1.0840
Now we need to see if it will reverse back to the same RESISTANCE Level at around 1.1042 or continue down to next major support level at around 1.0660.
If it comes back to the 1.0840 level and breaks it then SELL is confirmed.
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AUDNZD, Biased ?AUD is pretty much weaker so does NZD,
So strong bearish signs
but technically
Falling Wedge
Strong Rejection
TL Holding
If holds then strong bullish
else
wait for the breakout and Retest
We'll be having major Fall..
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
AUDNZD Long SetupHey traders, here is the analysis of the AUDNZD long trade. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
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.
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
AUDNZD NEW ANALYSIS!Hi Traders, here is the full Video UPDATE Analysis / Breakdown for AUDNZD.
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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
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.
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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.
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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
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Peace and good trades
Irasor
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AUD/NZD SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
AUD/NZD: Daytrade-Execution
Sell-Limit: 1,09810
Stop-Loss: 1,10110
Target 1: 1,09525
Target 2: 1,09345
Target 3: 1,09195
Stop-Loss: 30 pips
Risk: 0,5 % - 1%
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
AUD/NZD BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
AUD/NZD: Daytrade-preparation
Market-Buy-Order: 1,09580
Stop-Loss: 1,09260
Target 1: 1,09875
Target 2: 1,10010
Target 3: 1,10190
Stop-Loss: 32 pips
Risk: 0,5 % - 1%
Risk-Reward:2,0
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. :-)
Audnzd buy setup!
DISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
AUDNZD H4 SHORT PRICE ACTION FORECAST With the price unable to break through the supply zone and the bearish divergence from the RSI indicator, we could expect a reversal in the price before any further upward movement.
This pair could experience a healthy technical correction towards the Fib level 5.0 before getting a next impulse to register a new high. The current scenario allows the setup of a short order to capture the correction.
The order:
Type: sell-stop
S/L: 31 pips - R:R | 1:4 -
T/P: Fib golden level
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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.
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TECHNICAL
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- We are looking to long AUDNZD on RBS level + SMA50 area.
- AUDNZD in bullish zone.
AUDNZD at Resistances! SellEntry at market 1.0866
Stop at 1.09
Profit towards 1.071 and 1.06
DISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
AUD/NZD entering resistance zone💡Hello traders,
Hope you all have a fantastic day !
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AUD/NZD is entering resistance zone as price is bullish and in uptrend. We might see a down movement at least till MA indicator shown in chart.
Let us know what you think about this idea.
Trade safe !
AUDNZD Long Trade Plan Hello traders, here is the analysis for AUDNZD. NOTE please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
AUDNZD H1 SHORT PRICE ACTION FORECAST -UPDATE-Market bearish momentum was captured yesterday, as shown in the previous analysis. I didn't reach the T/P level, but it was a good entry for a 1:1.7 risk to reward ratio.
Today, after reaching the previous resistance level in confluence with the retest of the ascending trendline, it allows shorting the pair again, with the following setup.
The order:
Type: sell-limit
S/L: 20 pips - R:R | 1:2 -
T/P: FIB level
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