Time to long NZD soon?Upper monthly Bolinger bands are touched and LTF shows some exhaustion in this run up of AUDNZD.
NZD is seasonally very strong in November. Possible short of AUDNZD soon? or will AUD rally up to break beyond?
Hedging against Trump's reelection may suggest that AUD will weaken in many pairs, and NZD is less sensitive to Trump's policies due to less economic ties with China.
Same play can possibly be made by shorting GBPNZD as market may be underpricing BOE's dovishness and GBP seems overvalued slightly, although it seems that GBPNZD may rally slightly further up for a few more days before reaching its major resistance.
What do you think?
AUDNZD trade ideas
I want see price close below Open gap then sell offI want see price close below Open gap then sell off
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
AUDNZDCurrently on AUDNZD on the weekly timeframe price has just taken out the previous week high and closed below it and this high was a CRH on the monthly timeframe, and this is a strong reversal sign because price is also above the true month open which is a major opportunity for sellers, because at the end of the month price is supposed to be below the true month open.
AUDNZD. Set to rise for next week!
On the daily timeframe the moving averages are setup in alignment and this trade is with the trend as the daily 200ema sits just below price.
On the 4HR timeframe there was some bullish RSI divergence where the RSI made a higher high but the AUDCHF went lower. This should also cause a momentum shift upwards.
AUDNZD - Long after filling the imbalance !!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. My point of interest is price to fill that huge imbalance lower and then to reject from bullish OB + level 1.10000.
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AUDNZD Technical Analysis! BUY!
My dear followers,
I analysed this chart on AUDNZD and concluded the following:
The market is trading on 1.0998 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1042
Safe Stop Loss - 1.0973
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
17-10 ProbelegPlaced 3 sell trades. We are ahead of the neutral score that this pair still has. Score 3. Cot Data 2, Retail sentiment 0, Seasonality -1, Trend reading 1, GDP -1, Manufacturing PMI
-1, Services PMI -1, Retail Sales 2, Inflation 1, Employment Change 0,
Unemployment Rate 1, Interest Rates
0.
AUDNZD 3rd TryAfter 2 impulsive entries, this is my 3rd try. Price bounced back from order flow area. A nice bullish move + 2 rejection (clear from hourly chart) might give me a good risk:reward trade.
Economic Data
Australia:
Interest Rate: 4.35% (as of September 25, 2024)
Inflation: 3.6% (year-on-year, to June 2024)
Trade Balance: AUD$11.2 billion surplus (June 2024)
New Zealand:
Interest Rate: 4.75% (as of August 22, 2024)
Inflation: 6.0% (year-on-year, to June 2024)
Trade Balance: NZD$1.0 billion deficit (June 2024)
AUDNZD Potential SellAUDNZD Potential Sell play. Wait Zone Test. SL line yellow.
Good luck.
**Forex Analysis Disclaimer**
This analysis is intended for informational purposes only and should not be considered investment advice. I utilize technical analysis as the basis for decision-making and do not focus on fundamental analysis. Forex trading involves high risk and can result in losses. It is advisable to conduct your own research and consult with a financial advisor before making any trades. I am not responsible for any losses that may arise from the use of this information.
AUDNZD longReason
Price has retraced to a daily bullish fair value gap. 15 minute chart shows weak down movement followed by a double bottom. Price might go lower, if it does, I will look for a better opportunity to go long. However, if the larger timeframe becomes bearish, I won't look for an opportunity to go long anymore.
AUDNZD: Your Trading Plan to Buy 🇦🇺🇳🇿
AUDNZD is currently retesting a recently broken daily horizontal resistance.
For trend-following buying, pay attention to a bullish flag pattern
on a 4h time frame.
Your confirmation will be a violation - a candle close above its resistance.
After that, buy the pair, anticipating a growth at least to 1.108 level then.
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Pullback from the weekly level and weekly rangeThis pair expanded to the weekly OB and rejected just right above the weekly range, its time for the pullback to fill the gaps around a 50% of the range.
Im about to get to the positon with my followers as highlighted on the chart.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
Always apply good risk management it's what defines your destiny in trading.
Dave FX Hunter ⚔
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
AUDNZD Is Bullish! Buy!
Take a look at our analysis for AUDNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.105.
The above observations make me that the market will inevitably achieve 1.107 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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