AUDNZD trade ideas
AUDNZD - In Bearish TrendThis pair has showed divergence on 1H, 30m and 15m time frames. I selected 15m time frame for analysis. The trend was in bullish trend before the divergence and then entered into a bearish pattern. Also when in bearish pattern it entered into a descending triangle which is continuous pattern, endorsing the downward trend after divergence. I entered into the trade by placing an instant sell order (Market Execution).
The Signal is:
EP: 1.09645
SL: 1.09738
TP: 1.09628
RR: 0.25%
Lots: 0.44
AUDNZD: Waiting for the price to start the bullish moveAUDNZD: Waiting for the price to start the bullish move
In mid-June, the price started a bullish wave which increased by nearly 130 points in a period of 5 days.
So far the price is in correction thus increasing the chances that we may see the AUDNZD rise more from a technical perspective.
So far the price is still accumulating and moving between 1.0850 and 1.0890. Waiting for the price to start the bullish move.
You may find more details in the chart!
Thank you and Good Luck!
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Trade Signal: AUDNZD Movement AnalysisDirection: Sell
Enter Price: 1.0858
Take Profit: 1.08391
Stop Loss: 1.08814
Our latest analysis indicates a selling opportunity for the AUDNZD currency pair. This forecast has been generated using the EASY Quantum Ai strategy. Below are the key factors supporting this decision:
1. Technical Analysis: Recent technical indicators suggest bearish momentum for AUDNZD. Key support and resistance levels have been tested, showing potential downward movement.
2. Market Sentiment: Current market sentiment favors NZD over AUD due to recent economic data and central bank decisions, leading to expected depreciation in AUDNZD.
3. Trend Analysis: The pair has been trending downward, further reinforcing the sell signal as identified by the EASY Quantum Ai strategy.
Action: Consider entering a sell position at 1.0858. Set your take profit at 1.08391 to capitalize on anticipated downward movement. Implement a stop loss at 1.08814 to mitigate potential risks.
Always perform your own analysis and consider your risk tolerance before entering any position. Happy trading!
Bearish reversal?AUD/NZD is rising towards a resistance level which is an overlap resistance that lines up with the 88% Fibonacci retracement and could potentially reverse from this level to our take profit.
Entry: 1.09907
Why we like it:
There is an overlap resistance level which aligns with the 88% Fibonacci retracement.
Stop loss: 1.10273
Why we like it:
There is a pullback resistance.
Take profit: 1.09378
Why we like it:
There is an overlap support level.
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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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AUD/NZD Daily AnalysisSince printing a daily swing low at 1.0750 earlier this month, the buyers have been steadily pushing price higher. Resistance was found at 1.0885 for several days until breaking through last week. There may be a pullback/retest/rejection and a long setup on the cards in the new trading week.
OPPORTUNITY FOR BUY AUDNZDWe have these indicators for BUY opportunity:
- Reflection from Upper Trend Line
- Support from Strong zone (3 x low: Year + 6M + 3M)
- Low volume to continue the current direction
- Return to Down Trend Line
We define 3 goals:
TP 1 = 40 pips
TP 2 = 100 pips
TP 3 = 200 pips
SL = -200 pips
AudNzd shortA short trade signal for AUD/NZD suggests that the Australian dollar is expected to weaken against the New Zealand dollar.
From a fundamental perspective, weaker economic data from Australia compared to New Zealand, a more dovish stance by the Reserve Bank of Australia compared to the Reserve Bank of New Zealand, and lower commodity prices impacting Australia's economy can all contribute to the bearish outlook. These combined factors indicate a higher likelihood of the AUD depreciating against the NZD, supporting the short trade signal.