AUDNZD trade ideas
SELL AUDNZD for downtrend continuation STOP LOSS : 1.0860SELL AUDNZD for downtrend continuation
STOP LOSS : 1.0860
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
AUDNZDTo analyze the AUDNZD pair based on the distance approach and fundamental analysis for NZD.
WHAT ARE YOU THINK?
SELL AUDNZD for downtrend continuation STOP LOSS : 1.0859SELL AUDNZD for downtrend continuation
STOP LOSS : 1.0859
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
AUD-NZD Resistance Ahead! Sell!
Hello,Traders!
AUD-NZD went up sharply
But the pair will soon hit
A horizontal resistance level
Of 1.0860 from where we
Will be expecting a local
Bearish pullback
Sell!
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Check out other forecasts below too!
AUDNZD Is Going Down! Short!
Take a look at our analysis for AUDNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.083.
Considering the today's price action, probabilities will be high to see a movement to 1.081.
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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Overbought extension of AN presents a nice short opportunityAnd spike on news last night, putting it in a overbought situation setting up a nice short opportunity per my Algos and AI.
AUDNZD Trade Plans TodayHawkish tones have delivered gains for AUD VS NZD over night.
Persistent sentiment bias will take us to the upper boundary for shorts.
1. Tech bias now engages light short/wait for highs.
2. Sentiment bias supports the same.
Longer term areas both noted (Long much lower, Short much higher).
Significant Bullish Trend in AUD/NZD After BreakoutOn the 1-hour chart of AUD/NZD, there is a significant bullish trend that starts after breaking out of an ascending triangle and surpassing the 1.07830 level. The next resistance level is marked at 1.07986; if the price breaks this level, it will confirm a stronger bullish movement. For the trend to reverse, the price would need to break below the 1.07473 level.
AUDNZD - A Breakout TradeAUDNZD is currently trading within a range, exhibiting a pattern of continuous higher lows, indicating a potential buildup for bullish momentum. However, a significant downward move below this range could signal a continuation of the previous downtrend, which might be mitigated by a major daily support level. It is advisable to wait and observe the price action, trading the retest of the breakout level to confirm its validity and avoid potential fakeouts.
AUDNZDI have never used ichimoku cloud. What are the odds that this pair will continuedropping to those level
AUDNZD My Opinion! SELL!
My dear followers,
I analysed this chart on AUDNZD and concluded the following:
The market is trading on 1.0785 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.0776
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
reflecting on 2 year milestoneWell, its been two years now,not profitable but the bleeding has definately been stopped. hovering around the break even zone for what feels like eternity,started in futures with the minis right out of the gate and got handled,never tracked anything,never journaled,what I did do right was stick to my strategy.with the exception of two or three really bad "revenge trade" episodes that ended in big losses i stuck to the plan. in an effort to minimize risk i switched to forex, $1 risk sounded alot better than $10 to me.and it was. i'm still trading forex. i stick to eur/usd and aud/nzd because the two have little effect on each other.the amount of technical analysis i've absorbed over the last 2 years is extensive but hands down, the most improvement has come in the emotional side of things,the psychology. i do track my trades now and i do have some technical rules for entry but other than that my strat is still pretty much the same as it was. what i dont do is force a trade every day.i dont go on diatribes when i lose about how "rigged"this whole game is,and it is rigged. but its winnable. i no longer watch youtube videos and call it studying, i study candles now.i look at last weeks price action,i review every trade,i used to trade on a 1 min chart. these days the 1hr feels to fast for me.I still enjoy trading but in a very different way than in the beginning..the thrill of rolling the dice is gone and has been replaced with a cold determination to see this through,properly, to the end. if theres an idea in here i guess its this. Dont give up,Get better
2024-06-16 - AUDNZD Bearish TrendAUDNZD chart is printing bearish trend on 4 hours, with no divergence and a bearish flag.
EP: 1.07490
SL: 1.08006
TP1: 1.06660
TP2: 1.05990
Selling AUDNZDHello!! As you can see AUDNZD has been in a downtrend and I want to catch some of that movement therefore this trade is a continuation.
Another thing that makes me want to hup on this trade is the divergence crossover
AUDNZD:RBNZ is outhawking RBAHello Traders,
In the upcoming week, we are closely monitoring AUD/NZD for a potential selling opportunity around the 1.08200 zone. AUD/NZD is currently trading in a downtrend and is undergoing a correction phase, approaching the key support and resistance area at 1.08200. This level has historically acted as a significant pivot point for price action, making it a strategic entry point for potential short positions.
From a fundamental perspective, the Reserve Bank of New Zealand (RBNZ) is maintaining a more hawkish stance compared to the Reserve Bank of Australia (RBA). The RBNZ has shown no intention of cutting rates in the near future, which contrasts with the RBA's more dovish outlook. This divergence in monetary policy is likely to exert downward pressure on AUD/NZD, reinforcing the bearish trend.
Trade safely,
Joe
AUDNZD Has bias for some more down side...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
I find the long tailing candles of the last 2 weeks disturbing....but still bearish on this cross..watching for short opportunities!
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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AUD_NZD BEARISH BIAS|SHORT|
✅AUD_NZD is trading along the falling resistance
And as the pair will hit it soon
I am expecting the price to go down
To retest the demand levels below at 1.0750
SHORT🔥
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acumulation at demandin higher time frame, 4h. the price already on the demand area, creating a smaller tf an accumulation towards supply area in 30 min. tf and 1 hour tf. wait for confirmations to top at breaker block or into the fvg shown
AUDNZD Trade Signal: SELLDirection: Sell
Enter Price: 1.07567
Take Profit: 1.07448667
Stop Loss: 1.07754667
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Greetings traders,
We have identified a bearish signal for the AUDNZD currency pair based on the analysis executed by our EASY Quantum Ai strategy. Here’s the breakdown of our forecast:
1. Technical Indicators: Our momentum oscillators suggest a decline in strength for the Australian Dollar against the New Zealand Dollar. Key indicators such as the RSI and MACD exhibit a downward trend, signaling a potential drop.
2. Market Sentiment: Current market sentiment has shifted towards risk aversion, which historically causes the AUD to weaken against the NZD due to differences in economic stability and commodity exposure.
3. Economic Data: Recent economic indicators from Australia show weaker-than-expected economic performance, including lower GDP growth and consumer spending, further supporting a bearish outlook.
Considering these factors, we recommend entering a SELL position at 1.07567. Set your Take Profit at 1.07448667 to capture gains from the expected downward move, and place your Stop Loss at 1.07754667 to mitigate potential risks.
Trade Wisely!
EASY Quantum Ai Team
AUDNZD-Bearish ABCD pattrenThe pair is in downtrend and have been bouncing from trendline. According to mean reversion the pair is going back to its mean. In the process the pair has made an bearish ABCD pattern and entry can be taken when price move below point B. NO divergence on RSI is present indicating the price may continue its trend.
AUDNZD Trading Signal: BuyTraders, based on our analysis using the EASY Quantum Ai strategy, we're issuing a Buy signal for the AUDNZD currency pair. Here are the specifics of the trade:
Enter Price: 1.07724
Take Profit: 1.07902667
Stop Loss: 1.07471667
Our decision to recommend a Buy position is driven by several key factors:
1. Market Sentiment : Recent market sentiment surrounding the Australian Dollar has been positive, driven by positive economic indicators such as GDP growth and stable employment rates.
2. Technical Analysis : The pair has been showing a consistent upward trend, confirmed by various indicators such as Moving Averages and the Relative Strength Index (RSI), which signal that the market is not currently overbought.
3. Economic Outlook : Both Australia and New Zealand have stable economic conditions, but current fundamentals favor the Australian Dollar slightly more.
4. Risk Management : Setting the Stop Loss at 1.07471667 ensures minimal downside risk, while the Take Profit at 1.07902667 offers a favorable risk-to-reward ratio.
Please monitor the market closely and adjust your trades as necessary. This trade aligns with the principles and findings of our EASY Quantum Ai strategy. Happy trading!
