NZDAUD trade ideas
AUDNZD - LONG IDEAOn Monday (manipulation day) price swept previous week low (PWL) with a great sign of strength - market structure break (MSB).
Also, a good confluence for me is a MACD divergence on the 4H timeframe (when price made a lover low, but indicator show us also sign of strength by not making lover low in histogram).
As a target, I prefer the opposite liquidity pool to the previous week high (PWH).
Excited to see your opinion in the comments, and I'd like if you boost this idea if it was helpful for you!
AUD/NZD LONGThe AUD/NZD pair is benefiting from the relative strength of the Australian dollar (AUD) over the New Zealand dollar (NZD). Given the AUD's technical strength and positive outlook, buying on dips in AUD/NZD is a strategic move to capitalize on the potential appreciation of the AUD relative to the NZD.
Economic factors also play a role, as the Reserve Bank of Australia (RBA) maintains a hawkish stance, contrasting with the more dovish approach of the Reserve Bank of New Zealand (RBNZ). This divergence in monetary policy could potentially widen the rate differential in favor of the AUD.
In terms of market sentiment, the NZD is currently oversold, similar to the Norwegian krone (NOK), making it a prime candidate for a bounce. Combined with the strengthening fundamentals of the AUD, the AUD/NZD pair presents a favorable risk-reward profile.
Investment flows reflect this dynamic, with AUD positioning being robust as the longest among G10 currencies, while the NZD remains under pressure due to its oversold conditions and global risk sentiment.
AUDNZD M15 TradeOn the H1 chart, I've adopted a bullish outlook, anticipating further upward movement.
The next significant supply zone is just over 30 pips from the current price. The 0.618 Fibonacci extension aligns within the supply zone, suggesting potential resistance in that area.
I'll be dropping down to M15 to find an entry opportunity and placing a Pending Order to capitalize on the upward trend, while also protecting my position in case the price reverses.
Trading signals AUDNZDAUDNZD is in a downtrend. At the end of wave 5, we can catch a BUY signal to reverse the trend when a bullish 2 Dow pattern appears on the h1 time frame. TP 1 is at the old wick peak, equivalent to RR ratio 11. When breaking the trendline, we have TP2.
BUY AUDNZD scalping small Lot now zone 1.08200
↠ Stoploss 1.08000
→ Take Profit 1 1.08400
→ Take Profit 2 1.09200
Sell AUDNZD Before It's Too LateDisclaimer: This post is for informational purposes only and does not constitute financial advice. Trading involves risk. Always conduct your own research or consult with a financial advisor before making investment decisions.
The AUDNZD pair is exhibiting a compelling bearish setup, suggesting a potential opportunity for short-term traders. A confluence of technical and fundamental factors is driving this downward bias.
Fundamental Factors:
Diverging Central Bank Policies: The Reserve Bank of Australia (RBA) is signaling a potential pause or end to its tightening cycle, while the Reserve Bank of New Zealand (RBNZ) is expected to maintain a more hawkish stance. This divergence in monetary policy can weigh on the AUD relative to the NZD.
Economic Indicators: Recent economic data for Australia has shown signs of slowing growth, while New Zealand's economy appears to be more resilient. This economic disparity can also contribute to AUD weakness.
Benefits of Shorting AUDNZD:
Potential Profit: A short position can benefit from a decline in the AUDNZD exchange rate.
Hedging Strategy: Shorting AUDNZD can serve as a hedging tool against potential losses in AUD-denominated assets.
Diversification: Adding AUDNZD shorts to your portfolio can diversify your trading strategy and reduce overall risk.
Would you like to add any specific technical indicators, chart patterns, or fundamental data points to strengthen the analysis?
AUD/NZD Approaching 1.08000 Support Level: Bearish Outlook AheadThe chart of AUD/NZD suggests that the price is approaching a key support level at 1.08000. After a recent downward move, the market is expected to retest this support zone. The downward arrow on the chart indicates an expectation of further bearish movement towards the 1.08000 area. This level could act as a potential reversal point, but a break below could lead to further downside pressure. The market structure appears to be in a corrective phase, with lower highs and lower lows forming.
AUDNZD. 09-05-24.H4 momentum and structure is bearish. first indication of a bearish continuation.
Secondly if you can see the markings on my chart and if you understand fibonacci, you'll see that price rejected and 618 zone, from the overall low to high swing of H4 Move. We further see a bull retracement and rejection to the downside at the 382 level. Price is currently trading under these levels so the sell bias is strong. But be wary as price is currently sitting on the 786 fib zone. This zone if not invalidated could push price to make a short term bull correction to the prices levels I have marked in RED, before continuing the downtrend.
Now it's all about patience and being on the right time frame to find an entry to the downside. But remember, we must be wary of a short term bull correction which I have marked the price levels in RED.
How to know the right time frame? When the HTF retraces to ur level and closes, according to the candle close you should go to LTF and wait until price structure gives you the direction of your bias, (In this case a downtrend). If price closes bearish and lower time frame gives you a bull structure, mark the level not to break on the HTF while you wait for LTF to reach this level and invalidate the buy structure, now you have another confirmation of downtrend, and since HTF already closed Bearish, with lower time frame structure correlating and confirming this bearish move, you can be confident with your entries.
I have marked the price level in GREEN for my TP if we continue this downtrend.
Further more, if price levels in red are invalidated and price starts to form a bullish structure on h4, my target for tp in a bullish move are marked in ORANGE; as if a bull momentum starts from the 786 fib zone, according to the fibonacci rule, 786 rejection must make a complete retracement to 236 zone.
Hence, I set my target for tp to the upside at the 236 fib zone marked in ORANGE.
My bias? For now SELL, until H4 bearish structure is invalidated.