AUDNZD trade ideas
AUDNZD | Hidden Bearish Divergence | Harmonic Bearish Shark The AUDNZD chart currently shows the formation of a XABCD Harmonic Shark Bearish Pattern, indicating a Potential Reversal Zone (PRZ). Additionally, there is a hidden bearish divergence, suggesting that the current uptrend is likely to reverse into a downtrend. Furthermore, on the daily chart, the price has just touched a strong daily resistance zone, which also serves as an Order Block (OB). This action confirms the bearish OB and all these indicators collectively suggest a shift in the trend to a downtrend.
In technical analysis, a Harmonic Shark pattern is a specific type of harmonic pattern that signals potential trend reversals. The completion of this pattern at the PRZ indicates an area where traders might anticipate a change in the current price direction.
A hidden bearish divergence occurs when the price forms higher highs, but the corresponding indicator (such as the Relative Strength Index or RSI) shows lower highs. This suggests underlying weakness in the upward momentum, potentially leading to a reversal.
The concept of an Order Block (OB) refers to a significant level of support or resistance where institutional traders have previously entered the market. When the price approaches and reacts to this level, it can confirm the strength of the OB.
On the 1-hour time frame, also there is a hidden bearish divergence, and the Previous Day High (PDH) liquidity has been taken. Whenever the PDH is breached, a pullback to the downtrend is often observed. Additionally, the trend line on the 1-hour time frame has been broken, and the price has retested this trend line. According to Dow Theory, these indications suggest a shift in price behavior from forming higher highs (HH) and higher lows (HL) to forming lower highs (LH) and lower lows (LL).
On the daily time frame, the price has tested a strong resistance zone and is rejecting from its peak resistance level bearish OB. Overall, the daily chart appears bearish, indicating a potential trend change. Additionally, there is a trend line liquidity that needs to be breached for the price to move in either direction.
In summary, the combination of the Harmonic Shark Bearish Pattern, hidden bearish divergence, and interaction with a higher time frame to lower time frame strong daily resistance zone (Order Block) suggests a strong indication of a potential shift from an uptrend to a downtrend in the AUDNZD pair. However, it's essential to conduct comprehensive analysis and consider other factors before making trading decisions.
DeGRAM | AUDNZD decreasing volatility in the channelAUDNZD instantly reacted with a decline upon reaching the dynamic resistance.
The volatility of the movement decreased, forming an ascending wedge.
We expect a sell-off from the resistance, a retest of the support level, and a 38% retracement level.
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#AUDNZDDue to the price entering a range higher than the previous major wave, it can form the above pattern.
AUDNZD Bullish TrendTrade Type: Buy Limit
Entry Level: 1.09069
Stop Loss: 1.08931
Take Profit: 1.0921
Risk-to-Reward Ratio: 1:1
Here are a few observations:
Entry Level (1.09069): This is the level at which you intend to enter a buy limit order for the AUDNZD currency pair, anticipating a bullish move.
Stop Loss (1.08931): The stop-loss level is set at 1.08931, which means that if the market moves against your trade and reaches this level, your position will be closed to limit potential losses.
Take Profit (1.0921): The take-profit level is set at 1.0921, indicating the price level at which you aim to exit the trade and secure potential profits if the market moves in your favor.
Risk-to-Reward Ratio (1:1): The risk-to-reward ratio is 1:1, meaning that the potential profit (from entry to take-profit) is equal to the potential loss (from entry to stop-loss). This ratio indicates a balanced risk-reward scenario for this trade setup.
AUDNZD: Growth May Continue 🇦🇺🇳🇿
AUDNZD broke one more horizontal resistance last week.
I think that the next goal for the buyers will be 1.0935 level - the next historical structure.
I will expect a bullish continuation to the underlined yellow area.
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AUDNZDIs AUDNZD exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1.0860
What you guys think of it?
AUDNZD LONG IDEAGood Day everyone, here is an idea for a Long opportunity! Price has reach EMA and we will expect the price will continue going up.
Long now for a good 1 to 2 RR.
so far we are at -6R(March)
JAN (6R)
FEB (1R)
AUDNZD MARKET OUTLOOK 01-04-2024📊 Dive into the world of forex trading with our latest video on the AUDNZD current market outlook! Join us as we analyze the Australian Dollar (AUD) against the New Zealand Dollar (NZD) pair and provide you with valuable insights into the current market trends, key support and resistance levels, and potential trading opportunities.
Whether you're an experienced forex trader or new to the market, this video offers essential information to help you make informed trading decisions. Our expert analysis will guide you through the intricacies of the AUDNZD pair, allowing you to identify potential entry and exit points, manage risk effectively, and optimize your trading strategy.
Don't miss out on this crucial update on one of the most prominent currency pairs in the forex market. Watch now and equip yourself with the knowledge to navigate the forex market with confidence!
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AUZNZD - Bullish TrendAustralian Dollar is printing bullish trend against New Zealand Dollar on the chart.
AUDNZD looks strong bearish AUDNZD looks strong bearish we can see bearish divergence that's why its looking bearish .
what do you think?
AUDNZD - Trend Reversal Around The Corner!- Pair is currently making HH and HL showing classic up trend.
- Last impulse limb went from 1.08628 to 1.09155.
- Since, price has retraced to almost 0.618 Fibonacci retracement value making HL of 1.08838.
- Price has completely retraced to trend line
- Bullish confluence is observed by price moving to 0.618 fib level and touching trend line
- Bearish divergence has been identified from last two HH, with prospects of change in trend more evident.
- Wait & See should be observed at this point, till market responds to bearish divergence
- No trades should be taken at this moment
AUDNZD BUYSHello traders, as we take a look at AUDNZD, we are currently in a bullish trend, I am expecting price to continue bullish for new highs off of this demand zone. We should stick with the trend until it is broken. Good luck traders, be sure to use proper risk management
AUDNZD Potential UpsidesHey Traders, in the coming week we are monitoring AUDNZD for a buying opportunity around 1.08500 zone, AUDNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08500 support and resistance area.
Trade safe, Joe.
AUD/NZD (SHORT - SELL)AUD/NZD (SHORT - SELL)
AUD/NZD is currently starting a consolidation with a possible bearish reversal. It has clearly reached a major resistance area on the daily and weekly chart. It could possibly still go up to 1.09350 before the trend reversal take full effect. The weekly and daily resistance area has been tested twice in the past and have failed, this is now the third attempt.
The AUD/NZD on the daily and weekly is clearly in an overbought status where a pullback and possible reversal could be starting to occur.
Should the AUD/NZD continue on its current bullish trend it has a two major resistance areas at at 1.09202 and 1.10212 to break through. The resistance area at 1.09202 has been tested and failed twice. The resistance area at 1.10212 has been tested and failed once. Both these strong resistance areas as on the daily and weekly.
The Monthly trend is Bearish
The Weekly trend is Bearish
The Daily trend is Bearish
Weekly Momentum Indicator turned from a Buy to a Sell.
a Harmonic Shark Bearish Pattern has formed, indicating a further potential reversal zone on the 4H.
Fundamental Consideration:
a RBA (Reserve Bank of Australia) meeting is occurring this Tuesday that will have an effect on AUD on monetary policy, including decisions on interest rates. These meetings typically occur monthly, with the outcomes closely watched by financial markets, economists, and the public because they can have significant impacts on currency values, interest rates, and the overall economy.
The outlook for the AU remains highly uncertain. While there are encouraging signs that inflation is moderating, the economic outlook remains uncertain. The December quarter national accounts data confirmed growth has slowed. Household consumption growth remains particularly weak amid high inflation and the rise in interest rates. After recent declines, real incomes have stabilised and are expected to grow from here, which is expected to support growth in consumption later in the year.
Meanwhile, growth in unit labour costs remains very high. It has begun to moderate slightly as measured productivity growth has picked up in the past two quarters but whether this trend will be sustained is uncertain.
The central forecasts are for inflation to return to the target range of 2–3 per cent in 2025, and to the midpoint in 2026.
The Retail Community Outlook for this trade is as follows:
Around 56629 SHORT – 97%
Around 3126 lots LONG – 3%
We are already actively SHORT on this trade
Our Entry at 1.09021
Our SL at 1.09490
Our TP at 1.06500 (take partial profits during your trade, do not just rely on one TP)
Good Luck – Trade Responsible
Use 1% risk per Position!
Always use a Trailing SL that you are comfortable with.
Always strive to continuously improve your trading strategy and knowledge
“The next Great Depression is on our doorsteps. The bank is more than men, it is a demonic monster destroying the common man”
AUDNZD - 1H - Rising Wedge - Short PositionIn this chart we have observe it is an Uptrend with HH & HL.
then we spotted a Bearish Divergence in the RSI.
with that we see the price is start shrinking creating a Rising wedge. which lead us to take a short entry
AUDNZD Bottom and China's Relief RallyThesis:
Speculators were overly positive regarding NZD's prospects for raising rates. In the end, the RBNZ maintained rates and were dovish. On top of this, China stock market is at peak pessimism with a relief rally currently in play. This should affect both AUD and NZD currencies, but especially, AUD; hence, I am holding out that AUD will strengthen against NZD in the medium-term for about two quarters.
Technicals:
There is no definite trend; however, there is definite support.
Monthly:
Monthly Support
Monthly cloud support
Note: Monthly chart has been flat since 2015. The price broke above the cloud in 2022 and has retraced to historical support and cloud support Feb 2024. This presents a potential good buying opportunity.
Monthly chart:
Weekly:
Weekly engulfing at monthly average range support and weekly average range support w/ d3v:
Daily:
Some signs of life with short-term and Longer-term Daily uRd
Close above the kijun with a DQ
Daily chart:
Other Factors:
China at peak pessimism with a relief rally in play:
Comment:
I have decided to get in early at the potential bottom since it is at strong monthly support. There is no trend and there hasn't been a trend since 2015; and, I highly I doubt that this will be the start of one. I anticipate that this will be just a local bottom that may last a quarter.
Double Top AUDNZDDouble Top on the hourly chart. Investors can short trade after the break or place small trades, as double tops may have limited profit potential.
How to identify a double top:
Look for an Upswing: The price movement should be clearly in an uptrend prior to the creation of a double top. This indicates that the price has been making continuously higher highs and higher lows.
Find the Initial Peak: Determine the uptrend's first peak. The price has now risen to its maximum level before beginning to fall.
Find the Trough: Following the initial peak, the price will briefly fall. Find the valley or trough that develops following the initial peak.
Find the Second Peak: The price will then rise once more in an effort to hit a new high. But this second rally will fall short of the first peak's height and begin to collapse once more.
Verify the Pattern: To verify a double top pattern, make sure the decline that follows the second peak is lower than the trough that follows the first peak. This demonstrates that the previous resistance level was not successfully overcome by the price.
Draw the Neckline. Connect the low points of the two troughs with a horizontal line. This is the neckline, which denotes a level of support. It serves as an essential pattern reference.
Verify Double Top Pattern: To verify the double-top pattern, watch for a price break below the neckline. Breaking below the neckline might be interpreted as a sell signal because it portends a potential trend reversal.
All points relevant here
AUDNZD BullishAUDNZD is making series of higher highs and higher lows, DOW theory, and through the bullish counterattack pattern we can assume that it made its new higher low and going to make a new higher high.
AUDNZD Bearish Robbery Short PlanHola LOOTERS,
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