AUDNZD NEUTRAL-ranging -look for trades only above or below the purple zone -longs will be at the LTL -shorts at UTLby BlackGirlTrades1
Strong high volume on low price actionHigh Volume CNDL with a low price has been proven to be attractive for some traders. It seems that the price will be pushed higher within 4/5weeks to test previous highs.Longby DG_PAV1
Heavy on the AUDNZD as well,watch for lower timeframeHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Watch out Audnzd for a turn. :) Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. ********************************************************************* Shortby Shadowing_The_Big_Boys8
Old NewsCaught this play last week. $ coming in a weekly discount level after a liquidity grab from previous swing lowLongby w2j5lTH0
$100k Challenge - AUDNZD Long - Trade Review - E2 T2Hey everyone! Great news: we have our first winner for the second season of the challenge series! While monitoring the trade a few days ago, I decided to close half of the trade early and move the SL into profits. This was because I noticed several bearish patterns as we approached the resistance, which led me to believe a resistance break would take more time. Fast forward a couple of days, bringing us to today's chart; we see an interaction with the resistance that prints a bearish engulfing candle, while the stochastic is signaling a strong overbought scenario with a crossover. Seeing this pattern leads me to close the second half of the trade, effectively closing out the position entirely. The plan for this pair is to keep monitoring it, as I do consider the stage is set up for a bullish long-term scenario as we continue to develop the accumulation phase (Wyckoff), which can present more trading opportunities, either on another visit to the previous support area or through a resistance break and retest. Remember to click the nice rocket button and follow me to receive more trade ideas through the funded account challenge journey! Until the next trade! by FernandoBorea2
AUD/NZD SELL STOP at 1.0662AUDNZD has hit a band of historical resistance that stretches back some distance and is carving out an M-Top pattern with a double top. If the pattern completes we will have a SHORT trade on the break of the neckline at around 1.0662. Both RSI and MACD are declining and the Andean Oscillator is suggesting that the BEARS are taking control as the BULLS position weakens. All the indicators suggest we should be headed south from these levels and as we are now well above the key WR1 pivot, history tells us that the price will tend to want to come back to the WPP mid pivot and will not be able to stay above WR1 if there is BEARISH momentum. It is Friday so the markets will be slowing down and we do have US news at 15:00 with ISM Manufacturing and Revised UoM Consumer Sentiment so we would need to be watching this trade if it triggers and adjust STOPS accordingly. This is a 1:1 trade with a STOP above the high which sets our target to 1.0639 but as ever these STOPS and TP's are not set in stone and will be adjusted depending on momentum.Shortby forextraplaces0
Sell AUD/NZDIt's going down? In February, the index decreased by 1.4% compared to January, which had seen a 1.9% increase (the January figure has been revised). All sub-indices (non-rural, rural, and base metals) experienced a decline during February. When measured in Australian dollars, the index dropped by 0.1% in February. Over the past year, the index has fallen by 11.0% when measured in Special Drawing Rights (SDR), primarily due to lower prices of thermal coal and liquefied natural gas. When measured in Australian dollars, the index has fallen by 6.7% over the past year. In essence, it's indicating a downward trend in the index for February and over the past year, with specific sectors and currencies being affected differently. Waiting to break blackline yet to enter! Shortby MrAlexWickUpdated 1
DeGRAM | AUDNZD trend continuation opportunityAUDNZD is trading in the descending channel, indicating a bearish trend. The market is testing the resistance at 1.06900, which is the psychological level. The market created a kill zone: the major trend is bearish, resistane, the upper border of the descending channel, and a harmonic pattern. We expect a trend continuation trade from the kill zone. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAM116
AUDNZD Short idea - Diviregence 1H Time frameAfter a good bullish rally for AUDNZD, the pair reached the horizontal resistance zone combined there with a supply zone. From the perspective of RSI there is bear divergence on 1H time frame. It is a bit risky to enter in a sell position right now, but if we have a good candlestick confirmation it would be great. However, the stoploss could be outside the supply zone. The line for takeprofit 2 is the zone which I aim to close eventual positionShortby kidagaka123110
Short Audnzd We'll be shorting on audnzd 4 hrs cus of the Smc strategy criteria have been met hoping to play out right Shortby MIDE1391
AUDNZDAUDNZD has formed double bottom with strong bullish divergence and bulls have shown the bullish reaction as well and has given the breakout of 1.0620 level with massive buying. Currently the price is facing strong resistance around 1.0695 region but seems like bulls will break through it. if this breakout happens the next optimum target will be 1.0810.by JustTradeSignals7
AUDNZD sell !New supply zone is created with AUDNZD and it's time to sell AUDNZD . Do not risk more than 2% per a trade from your account and always use risk management. Shortby realsupplydemand3
ANDNZD Sell #2Sell at the current price level for profit-taking and cut losses according to the chart with the currency pair AUD/NZD. Good luck guysShortby PhamNguyenHongThai3
1:3 Risk to reward on AUDNZD SellHere is why we are selling. Trend: W1: Down D1: Down H4: Up but it is overbought Moving Average: Within Daily MA H4 pointing upwards Pattern: Bat on M30 Strong resistance at 1.0705 35 pip stop loss. 100 pip target Lot of divergence on M15Shortby JD_TeenTrader3
Audnzd Short Trade Setup SELL TradeYou can see Good Retest Resistance level On Audnzd Chart Now Here you can Sell it with Tight stop 60 70 Pips and for the target you can hold this trade for 120-150 Pips after Weekly and Daily breakout now 80% sure our this trade will go for the short direction and our target will be met soon Shortby Frontline_Traders0
AUDNZD Long ideaWe got a buy signal coupled with bullish divergence on the 4hr timeframe. We are targeting 1.06200 and have a stop loss of 1.0561. Should get some sort of relief before the trend continues. Longby Mustangsvt281Updated 2
AUDNZD..SHORTOANDA:AUDNZD short position can be taken in the specified area There is no position before the areaShortby ForexCSPUpdated 1
AUDNZDBreaking the downtrend line is an attractive idea to buy up to the desired targets, considering the bad funds of the New Zealand dollar.Longby ShahdadiH332
Scallops Pattern Scallops Descending Price looks like it’s selling off once again Sell the next retest of resistance Shortby ZODOGHOUSE0
AUD/NZD Testing Support Ahead of the RBNZ AnnouncementActive Daily Support As can be seen from the daily chart of the AUD/NZD, the trend is evidently clear: it is to the downside: a series of lower lows and lower highs. However, we are at support from NZ$1.0587, a level delivering history as far back as early 2023. While buyers did step in from here in early February 2024, resistance from NZ$1.0673 proved to be too much of a technical ceiling for the bulls, and we are now testing the aforementioned support once more. It is widely expected that the RBNZ will hold the line at tomorrow’s meeting at 1:00 am GMT, maintaining the Official Cash Rate at 5.50% (marking a fifth consecutive hold). Out of 24 economists from Bloomberg, 22 forecast a hold while the remaining two lean in favour of a 25bp hike to 5.75%. Markets are also pricing in just a 25% chance that the RBNZ move with a 25bp hike. You may recall that the last meeting at the end of November 2023 maintained hawkish language and essentially was a hawkish surprise for markets amidst worries surrounding inflation. You may also note that the RBNZ, unlike most global central banks who are on the doorstep of adopting an easing policy, communicated that if inflation were to come in hotter than expected, the central bank would likely need to tighten policy. AUD/NZD Support to Hold According to Expectations With Aussie CPI inflation anticipated to come in slightly higher (this is the monthly CPI indicator and is released 30 minutes prior to the RBNZ announcement) and the RBNZ expected to hold, a bid in AUD/NZD from current support could emerge. This, of course, conflicts against the longer-term technical picture, echoing weakened support and a downside bias. Overall, therefore, a possible scenario is that a short-term bid occurs following the release of the news, though getting past offers at resistance from NZ$1.0673 is questionable. Longby FPMarkets5
AUD NZD LONG IDEAAN completed 3 corrective elliot wave down. Im expecting a solid long. Using M5 for a more precise entry. Do keep your due diligence and enter at your own risk! Good luck traders!Longby ChathifriendsUpdated 6
Bearish flag pattern Price will potentially move towards taping into the 90% Rule area to retrace and move down towards taping into the previous weekly support area, which will form an area of equal daily lows. Price is potentially going to shoot up towards or close to target area, if not, price will move further down to the lowest weekly support area. Enter at 15min timeframe to maximise RR.Longby SM_Makhuba1