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Audnzdforecast

There is a trading opportunity to buy in AUDNZDMidterm forecast: While the price is above the support 1.0275, resumption of uptrend is expected. We make sure when the resistance at 1.0630 breaks. If the support at 1.0275 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 41. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.0360 to 1.0275). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.0360) Ending of entry zone (1.0275) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 1.0430 TP2= @ 1.0490 TP3= @ 1.0585 TP4= @ 1.0660 TP5= @ 1.0760 TP6= @ 1.0850 TP7= @ 1.0990 TP8= @ 1.1140 TP9= @ 1.1335 TP10= Free
Long
by ForecastCity
2
There is a trading opportunity to buy in AUDNZDMidterm forecast: While the price is above the support 1.0275, resumption of uptrend is expected. We make sure when the resistance at 1.0630 breaks. If the support at 1.0275 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 41. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.0360 to 1.0275). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.0360) Ending of entry zone (1.0275) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 1.0430 TP2= @ 1.0490 TP3= @ 1.0585 TP4= @ 1.0660 TP5= @ 1.0760 TP6= @ 1.0850 TP7= @ 1.0990 TP8= @ 1.1140 TP9= @ 1.1335 TP10= Free
Long
by ForecastCity
9
AUDNZD Is Ready for next Move.AUDNZD is in Down channel pattern were in the lower time frame we bet Rising wedge pattern we need to wait for break down the pattern so that we can take them as per the market move everything was mention on the chart. Note one think the market can go further more upside till Down channel pattern resistance line there is really Big Stop loss but if market break downside then it will continue the trend. Note: This is only for Educational Purpose this is not Investment advice. Please support the setup with your likes, comments and by following on Trading View. Share Our Chart on All Social Media. Thanks Adil Khan
Education
by Make_Money_Guru_Bitcoin
7
AUDNZDTwo different scenarios in this pair. A) The pair reacted perfectly to the trendline in place since the 17th of April. Yesterday it made a engulfing bearish candle right into support. If the lows of yesterday are broken it will be an indication to go short. At the moment a very normal pull back is happening B) If we look at the 4H chart we can see a somehow inverse H&S. The retracement to the trendline was perfect yes, but it was maybe a bit too deep and a bit too clean. This might be a sign of strength. If the trendline is broken I might consider going long. This view is also weakly supported by the 4H RSI that seems to be gaining a bit of strength as see on the picture below
by MicKi