Audnzdlong
AUDUSD two scenarios trading**Monthly Chart**
AUDUSD monthly chart shows that it is moving within a range from June 2023 high of 0.68996 and Oct 2023 low of 0.62700 levels. The previous month's candle closed as bullish indecision after testing the Imbalance Price Action candle (or FVG) of Jan 2024. This month's candle (still active), moved higher to test the range of IPA once more and sold off at around 0.68000 which has provided a high probability trading setup with low risk to move lower on lower time frames (ie. Daily and 4H).
I am interested to see how this month (July 2024) will close which provides an indicative direction on AUDUSD next movements from a technical view point.
**Weekly Chart**
Last week's candle closed as a bearish IPA suggesting the next trajectory to be lower at least to reach the lower target at around 0.646600 level. However, there is also an upside bias for AUDUSD to move higher to sweep liquidity at 0.68000 and then move towards a monthly high at around 0.69000 levels. As the price ranges on the weekly chart, it has two opposite scenarios (ie. Buy and Sell) at certain levels on lower time frames.
**Daily Chart**
Last week AUDUSD continued it’s move to the downside after it bounced from the key level at 0.68000 (round number). The move was aggressively bearish which indicates a continuation of the downward momentum at least to reach the 0.63500 level
I have marked the two expected scenarios in the chart for reference.
Strong bounce at the support areaIt is difficult to break the support area so there will be a correction depending on the scenario
AUDNZD Weekly Analysis and OutlookAUDNZD Weekly Analysis and Outlook
This week, the AUDNZD pair has shown a strong upward trajectory, closing in a bullish continuation phase. This upward momentum indicates a positive sentiment among traders, suggesting further potential for growth.
Current Market Overview:
The pair has been steadily moving upwards, supported by favorable market conditions and bullish sentiment. As it approaches a key resistance zone, traders should closely monitor the price action. A successful break above this resistance would likely confirm the continuation of the bullish trend.
Expectations and Potential Scenarios:
Upon breaking the resistance zone, we anticipate that the AUDNZD will continue its upward momentum. This breakout could open the door to higher levels, offering traders potential opportunities to capitalize on the bullish trend.
Primary Expectation: If the resistance is broken, the price is likely to sustain its upward movement, potentially targeting higher resistance levels. This scenario would reinforce the bullish outlook, making it a favorable environment for long positions.
Alternative Scenario: However, if the price encounters strong resistance and fails to break through, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at lower levels before resuming the upward trend.
Conclusion:
In summary, the AUDNZD pair is poised for further upward movement following its recent bullish phase. Traders should watch for a decisive break above the resistance zone, which could serve as a catalyst for continued gains. Maintaining awareness of both bullish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly.
By Piptera Digital Solutions,
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AUDNZD - Opportunity for a long trade !!Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I expect price to make a retracement to fill that huge imbalance lower and then to reject from bullish order block + institutional big figure 1.10000.
Fundamental news: Upcoming week on Wednesday (GMT+3) we have news on NZD, we will see results of CPI and on Thursday (GMT+3) we have Unemployment Rate on AUD, news with high impact on currency.
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BULLISH AUDNZDSorry Tradingview Family I forgot to post this idea sooner but on my analysis Sunday EST before the market opening I saw a bullish engulfing candle on the one-hour which turned out to be a part of a double top formation that eventually gravitated to the downside for a retest of the double bottom neckline which resulted in a quick trip to the moon currently running in profit
Follow me here and like and comment for more ideas !!
YAH BLESS YOU ALL AMEN
AUDNZD - Downside move !! Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here can see that price filled the imbalance and rejected from bearish order block, as well we have hidden divergence on daily and regular divergence on H4, so I expect to see bearish price action.
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AUDNZD - Long from bullish order block !!Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental news: Upcoming week on Wednesday we will see result of CPI on AUD, news with high impact on currency.
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AUDNZD Technical Analysis and Trade Idea👉 In our analysis, we direct our attention to the higher time frame charts for the AUDNZD. Presently, these charts signal a bullish outlook. However, we note that the price has entered a significant resistance zone. Furthermore, the market appears to be overextended. In the accompanying video, we delve into a potential retracement and a trade concept based on the Fibonacci retracement levels (specifically, the 50% to 61.8% range). It’s crucial to understand that this assessment remains speculative and does not constitute a definitive prediction. To validate a genuine reversal, diligent monitoring of specific price movements is imperative. The video provides an in-depth analysis of the trend, market structure, and price action. Always keep in mind that trading carries substantial risk, so prioritize robust risk management strategies in your decision-making process. 📊✅
AUDNZD - Look for Continuation Long (SWING) 1:4!The price is currently forming a symmetrical triangle chart pattern on the Daily Time Frame (DTF) for AUDNZD. The strategy involves waiting for the price to convincingly break the descending trendline (TL) and exercising patience within the demand zone before initiating a trade. This analysis is particularly relevant on higher timeframes such as H4 and D.
Additional support for this setup comes from a Double Bottom Chart Pattern on the Daily (D) timeframe and the presence of a weekly (W) trendline. This is considered a promising setup, contingent on certain conditions. It's essential for swing traders to implement proper risk management, setting a Stop Loss (SL) around 40 pips. However, it's important to note that a breakout may not occur immediately, especially considering that AUDNZD is classified as a minor currency pair.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
AUD NZD BUY This idea is a follow up of my Daily short which hit my TP.
I expect a retracement soon on the 4 hour timeframe.
Stop loss :1.081
Take profit: 1.092
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AUDUSD looks Bullish this week**Monthly Chart**
AUDUSD monthly chart shows that price is in a large range since Oct 2022. This month candle (still not closed) looks bullish indicating a move higher towards breaking the range highs and testing at least 0.7000 (round number) level.
**Weekly Chart**
Last week candle closed bearish after breaking the relatively equal highs at around 66400 level the previous week and moved back into the range. There is a high expectation that we will be seeing a continuation of this move higher at least to test 0.69000 level and break the higher range. Any pullback will be a good opportunity for another push up.
**Daily Chart**
After breaking the relative equal highs on daily chart, the directional bias is still bullish and first target to break above 0.6700 level towards the next target to test the high at around 0.69000 level. I will be looking for a retracement with a good risk to reward setup to take this trade long.
On Wednesday 29th May. there will be AUD CPI news which might create this move.
AUDNZD Buy Side Money Heist PlanMy Dear Robbers / Traders,
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AUDNZD - Buy opportunity ✅Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect price to go a little bit lower to fulfill the imbalance and then to reject from bullish order block + institutional big figure 1.10000.
Fundamental news: Tomorrow (GMT+3) we will see result of Cash Rate on AUD, news with high impact on currency.
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Scalping AUD/NZDI spotted a good buying opportunity. It might dip back down to its support briefly, but it's likely to resume its upward trend and surpass the resistance level.
Disclaimer: I'm a newbie with demo account
AUDNZD Technical Analysis and Trade IdeaThe AUDNZD demonstrates persistent bullish momentum with a robust upward trend visible on the daily timeframe. Consider a long entry upon a Fibonacci retracement, aiming for previous swing highs. Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
AUDNZD - Looking To Buy Pullbacks In The Short TermH4 - Bullish trend pattern.
Strong bullish momentum.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
AUD/USD---LONG---SCALPHello Dears
In terms of price action (RTM), we see a growth
can be bUY.....................
More Momentum Ahead in NZD Forex Pairs?After scanning the FX crosses, I'm interested in pursuing trade setups on a few NZD crosses. The NZD crosses have had strong momentum. Until the weekly charts tell me this momentum is fading, I'm going to look to trade this strength.
Essentially I'm looking for trade setups to trade into the PWL/PWH (depending on the cross). I need to see H4 levels respected to then confirm looking for a strong M15 displacement shift to base an entry from.
AUDNZD - Potential buy from trendline ✅Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I wait price to continue the retracement and my point of interest for a long is if price rejects from trendline + S/R level.
Fundamental news: Next week on Wednesday we have news on AUD, will be released yearly CPI, which has high impact on currency.
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AUDNZD - Opportunity for a long ✅Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to continue the retracement to fill the imbalance and then to reject from bullish order block + trendline.
Fundamental news: Upcoming week we have news with high impact on AUD, we will see results of Interest Rate on Tuesday.
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AUDNZD Long TradeMARKET PHASE
OANDA:AUDNZD is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure swing lows. Price violently moved down to trigger the sell stops (liquidity) to pair against the buy orders needed to take price up. Price has now started it’s initial move up but due to the velocity of the upward move, it's gapped orders around 1.07524. Price is now retracing back to this level to meet the demand as we expected. Once price reaches this level, we can expect a strong push upwards in the direction of the larger trend.
TRADE
I will be entering long on OANDA:AUDNZD with the following parameters:
Buy Limit: 1.07524
Stop Loss: 1.07344
Take Profit: 1.07884
AUDNZD - Symmetrical TriangleLooking at the Higher Time Frame we can see that the price has formed a Symmetrical triangle with a Fake Breakout in a form of a Double Bottom which indicates that the price wants to move (much) higher from current levels.
Im looking for BUYING opportunities on a lower time frame.
