Audnzdforecast
short at 1.0925 for target 1.0833- short AUDNZD at 1.0924 to target 1.0832
- NZD got better than inflation than expected in Q3
- the Rba meeting meeting shows that RBA is not hurry to hike rates even the global economy is quiet good as a labor market and co
so wit the contrast of this 2 opposite position even RBNZ not say that they will hike rate soon yet i think it can be a trade to try
Enter at 1.0925
Target at 1.0832
gain = 92 pips
Stop loss = 1.0962 = 35pips
Risk reward = 1/2.6
Buy AUDNZD Short Term Based On Falling Wedge Reversal Pattern H4Here is another scenario if we adjust our wedge a little - the break will confirm which way we go.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Short AUDNZD Short Term Based On H4 Time Frame BreakoutThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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AUDNZD Daily EntryHi traders,
Spotted a very beautiful setup on the daily AUDNZD chart. Here's the deal:
The price trended up nicely with gorgeous swings, respected the 20-period moving average (20 SMA), made a double top (showing trend weakness) and broke with a strong bearish momentum the 20 SMA and the flipzone (= Support and Resistance area).
The Friday close allows me to enter on Monday market open as long there is no huge gap or anything similar.
2nd green rectangle shows the first trouble area where price might reverse again - it is up to you if you take your profits there or let it run. I am aiming for the bottom rectangle which, in my eyes, represents a stronger trouble area.
As always, stay patient and keep a strong money and risk management as even the best setups tend to fail.
Happy next week :)
Long AUDNZD Longterm Based on Multiple Timeframes - 400pipsWe were long on AUDNZD from 1.03 and hit our TP yesterday at 1.09 where we touched the EMA200 as expected on the weekly time frame, however, the recent bullish move has shown strong signs of even a further bullish move and I cannot resist to re-entering, even if it is a Thursday evening before the last Friday of the month + Bank holiday weekend!!
A closer look on the daily time frame shows we have successfully broke through a key resistance level . Zooming in to the hourly charts, we can see price was in a consolidation zone since yesterday morning and has now broke out above with another strong leg up. We are aiming for 1.10+ with a potential target of 1.13x for 400pips.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
AUD/NZD 1H Chart: Channel UpAUD/NZD 1H Chart: Channel Up
The Australian Dollar is gaining value against the New Zealand Dollar in a few days long ascending channel, which started to form in result of an extensive jump of the exchange rate from the monthly R1 at 1.0868.
Given the narrow structure of the pattern, it is not expected to guide movement of the pair for long. Most probably, the 55-hour SMA, which moves along the channel’s southern boundary, will help the rate to surge to the weekly R1 at 1.1017. Afterwards, the breakout most likely is going to happen.
On the other hand, the pattern might cease to exist even earlier because of some fundamental events, such as publication of information on the Australian Private Capital Expenditure on Thursday.
AUDNZD - LongWith the RBA Policy Meeting Minutes due to be released at 02:30GMT we should have the catalyst we are looking for to move AUDNZD.
With the Kiwi being weak recently and a number of AUD pairs at support/resistance, a hawkish tone from the RBA could send this pair higher.
If we see a dovish tone out of the RBA then we favour a short on the AUDJPY back down into the 85.500 zone.
Long AUDNZD Longterm Based on Weekly + 1D Charts for 400+ Pips!!In an ideal world, the AUDNZD would continue another wave of the uptrend and close above 1.10198.
Excuse my purple arrows lol they are for my reference of some S+R that I want to keep an eye on...
On the Weekly, we've been making lower lows since the 6th of April 2015.
More recently on the Daily chart, we've been making Higher Highs and Lower Lows since the 14th of September 2016
We can see clearly on the Weekly chart that price has found + respected resistance on the EMA200 line.
The EMA200 has now dropped below the last higher high, which was recorded on the 13th of March 2017 at 1.10027.
We can see the EMA200, on it's current course is set to be around 1.09170 when we approach our target and so that's our TP.
Stochs has just come out of oversold and our MACD indicator is preparing to complete a bullish crossover on the Daily chart.
We enter low, close to the trend line to minimise risk.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
AUDNZD testing major support, remain bullishBuy above 1.0491. Stop loss at 1.0430. Take profit at 1.0606.
Reason for the trading strategy (technically):
We look to buy above major support at 1.0491 (Fibonacci retracement, Fibonacci extension, long term horizontal support, bullish divergence) for a push up to at least 1.0606 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support above 1.9% and has also made a recent bullish exit signalling that a change in momentum is starting to take shape for our bullish rise in price. We also see recent bullish divergence signalling that a bounce is impending.
Audnzd: Bullish trend continuation pattern on playI believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be continuation or reversal.
It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail.
Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades.
My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favourable trade setups and plans.