The AUDNZD pair followed exactly the pattern we presented on our previous analysis on September 23 and after completing a standard +4.70% rise on the blue Channel Up, it broke below it: The pattern that was our benchmark on this accurate projection was the January - July 2021 Megaphone. After a rebound on the 0.786 Fibonacci level, the price got sold-off to a...
We've a downtrend line and the macd is crossing the signal such as ema with the middle bb line
Hey traders, in the coming week we are monitoring AUDNZD for a selling opportunity around 1.121 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
The AUDNZD found strong resistance at the 1.1255 resistance level, reversing strongly to trade towards the support area formed by the 23.60% fib level and 1.1178 horizontal price level. If the AUDNZD breaks below the 1.1178 support level, the next support level is at 1.1126 which coincides with the 50% fib level. This move lower would most likely be driven by a...
Okay As I said before, the trend of this currency pair is downward, but I saw a signal from the chart that if the price reaches the specified entry area, it will be confirmed to enter the short position. Also, compared to the previous analysis, I made the view more detailed and the TP smaller be profitable🤑
Important thing happened this night on AUDNZD pair: the price broke and closed above a wide daily supply area. The broken structure turned into a support now. The next goal for buyers is the narrow area around 1.128 level. It is based on a key monthly structure and 5 years' high. I will be patiently waiting for an occasional retest of the broken structure to...
Hi Traders, AUDNZD has broke out of its HTF reversal structure which is now in a short term consolidation before its next impulse run to the 1500 range. Wait for the bullish continuation to finish before taking a buy position. Thanks Trade Safe
audnzd is respecting the simple trendline, which shows that bulls remain in control. We expect the last higher high to be printed before the trend changes from bullish to bearish
Hey Traders, FX:AUDNZD is almost ready for a down wave. Wait for market to give you reaction and look for sell setups, it's a medium term trade. We can see a 100 pips move minimum and if we get a correction, another drop will be coming to break previous lows as well. P.S. Do not think that market cannot go higher, wait for your sell setups before you jump...
Entered a short position on AUDNZD after eyeballing test, retest, and rejection of price around the 1.11750 area. Price is currently trading below the weekly pivot, however it has been ranging into this asymmetrical triangle pattern. The system I traditionally follow did not print an EWT (Entry-with-trigger), but I am getting some divergence along with CCI...
AUD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE Despite a decent recovery from the start of the year, the AUD has struggled in the midst of underlying negative risk sentiment, China’s continued struggles with Covid breakouts, and more recently the big slump in key commodities (Iron Ore & Coal). China’s economy is always a key focus for the AUD. While all major...
The AUDNZD pair has been trading within a Channel Up ever since the November 19 2021 Low. Two upper and lower tolerance levels of 1.236 and -0.236 have been accounted for. This time though, as the price is trading around the 1D MA50 (blue trend-line) since June 20, using it as a pivot, a new pattern has emerged. That is a Head and Shoulders (H&S). That is so far...
This pair moves are quite EZ to trade for me.. Zig-Zag moves, support and resistancee quide, political/CB decisions..
The AUDNZD pair has been trading within a Channel Up since the November 19 2021 Low. The price only broke outside this pattern twice but was limited to the -0.236 Fibonacci extension (March 15 2022) and the 0.236 Fibonacci extension (May 04 2022). The 1D MA50 (blue trend-line) has been holding as a Support since March 17. The price is now on the 4th straight red...
Title says it all! Macro factors: NZD risk on currency, RBA raised interest rates.
Hey traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.10800 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
This is a counter trend trade. H1 has shown a high yesterday at 1.1075 There is a M15 Double top. Harmonic pattern present.