Audnzdlong
AUDNZD The Trend will Change SoonHi, Volume Trader.
The AUD currency weakened for long time against the NZD currency. This results in the AUD pair likely to reverse the bearish trend then become bullish trend.
The best way to trade is to follow the bullish trend when bullish is starting to form or wait for a correction that is likely to occur a little longer.
pm me for the details.
Notes:
1. This is not a suggestion to take financial action
2. VolumeWaveFx is not a licensed financial advisor.
AUDNZD Shows A Strong Bullish Divergence AUDNZD has been in a bearish trend for the past few months. This decline took the form of (a)-(b)-(c) zigzag and it's enclosed within a parallel channel.
The price has been moving very slowly and choppy in wave (c) of B, which indicates a lack of momentum to the downside . As you can see from the chart, the MACD indicator has been diverging higher while the price is trading lower, this shows that the bulls have been building momentum that has not reflected in the price action.
In the days ahead, the bulls should reflect in the price action and take the price higher at least to the upper boundary of the channel.
I will look for the break of the green lines for entry and my stop will be below the low.
What's your view on AUDNZD? Let me know in the comment.
Thanks,
Veejahbee.
I Recommend You Look at the Big Picture :)Hello traders :)
We seem to have caught a nice divergence and channel movement in AUDNZD. However, this may still be the beginning. That's why I recommend that you shrink the graphic a little and look at the big picture. It can give nice money with the break of the channel.
If you like my graphics, don't forget to follow and like it :)
Good wins ...
AUDNZD LONG in the short termAUDNZD is position at price @ 1.0748 for a bull run. This is a short term analysis.
Overall, we should expect a pullback of price around @ 1.0741 and 1.0734 and if the price closes below @ 1.0734 then our move will be short to the downside with target price @ 1.0616 and @ 1.0623
I am bullish until the price reaches @ 1.0741
Good Luck Traders.