After breaking through the 1.05 support level on the daily Chart, price came up to retest it and found resistance. It was also met with a bearish slap by the 50EMA line and the 0.382 Fib Retracement level. At this point a nice doji reversal candlestick formed and overall price is making the long way down after a triple top formed between September and November of...
AUDNZD have a demand zone around 1.037 , with several downside attempts being rejected. I´ll try opening longs with SL below that level , on a daily close Also price formed a bullish engulfing pattern Lastly , it broke short term descending line
There's some really nice structure on the AUDNZD 60 minute chart and we've been making higher highs and higher lows. Breaking through our most recent piece of structure has formed a Bullish Gartley pattern that looks promising; the AB leg is slightly over a .382 retracement which is usually indicative of trend continuation. If this pattern does play nice we'll...
Long on second bottom to catch my scenario of a LONG rallye. Double bottom in progress + pinbar showing rejection Gave a bit of a room for stop loss because of small pinbar tail Entry on pullback over previous pinbar top Divergence on RSI Currency Strenght Cross-Analyse : NZD seems to meet a lot of resistence on several pairs : CAD, JPY, USD. AUD is neutral on...
I REALLY want to go long AUDNZD. However, I want to buy at a lower level if I can. I can spot the following on the 2H chart: 1. 1st trend line was broken however price struggled to break the second trendline. 2. I can spot hidden bearish divergence. Price made a lower high while stochastic made a higher high. 3. I believe a good area to buy at is between...
AUDNZD double bottom in progress for a potential LONG position on price action on the next few days, looking for more momentum to confirm up trend. Heading to upward trend line acting as first resistence to our scenario, it's our 1st take profit. Cheers,
I've spot an interesting risk/reward trade based on Wolfe Wave pattern Limit: 1.0449 and beyond Long: 1.0348 Stop: 1.033 More info about the WW: ii.mypivots.com thepatternsite.com
Friends, I initially entered this pair @ 1.03882, and closed this long position today in anticipation of the following analysis. As announced earlier today (see dated tweet on this pair), the pair is likely to recover towards its 50% level. However, price stalled at the 38.2% Fib level, suggesting that a transient recovery in $NZD could pull the pair back...
Last chart of AUDNZD was published about a month ago. Some critiques dismissed both my chart analysis. Nevertheless this has been very profitable for bearish trade. Well the critiques will not have any arguments now and those who took note will have had lots of opportunity to profit from the steep decline. Still I would suggest strongly that you keep that chart...
I was waiting a long time for this brakethrough, a few days ago on this chart. finally it happend. Now im waiting for a pullback and hopefully we will find some resistance below the trendline. have a nice trading week, see ya.
NZD Fundamental analysis : The New Zealand Dollar is in for a volatile period in the week ahead as a hefty dose of domestic fundamental event risk is compounded by high-profile macro-level developments. On the home front, the spotlight is on the RBNZ monetary policy announcement. September’s outing marked a shift into wait-and-see mode after four consecutive rate...
I have successfully traded this pattern in the past so am a bit of a fan. Normal to a long position but all works the same to the short side. I like this pattern as a trend continuation pattern. I only ever trade it on the daily also. I will post the weekly chart as well so you can see that it's formed after a long down trend has been in place. This current set up...
PA marked the fork, reached the 78.6 - 141.4 confluence zone making a Double bottom. This support is very vulnerable and possible touch of TL is very likely. If PA reverses up, daily close above 1.0857 will confirm the Double bottom.
This is a very simple setup that I notice. WHAT I SAW 1. A strong historical Resistance Line @ 1.0755. - It has been tested multiple times in the past. - Again tested twice recently (previous week) <-- Which is for me a pretty good & fresh data - It is a psychological number 2. An inside bar (Last Bar) 3. Major Trend is Bearish WHAT I'LL DO 1. Create an...
Potential Bearish Gartley on the 4 Hour Chart: To enter, drop down to the 60 minute and wait for a the retest of the 0.618. If it fails to break short at that level and place a stop just above the .786. Since we're in a downward trend you can take profits at the .382, .236, or lower if you're feeling daring!
AUDNZD forming a triple bottom within 380 pips range. When the short term channel is broken and price action moves above 1.1050 a long position can be taken targeting 1.1250.
This particular currency pair representing the two neighbouring economies with some similarities yet different dynamics in which one has larger dependence on mining resource and the other on dairy produce has been in very large sideways move in almost unrecognisable swings and patterns. This is so until you zoom out using larger time frame and look back with...
AUDNZD - Daily Time Frame - In a big channel (620 pips approx) Two scenarios: - A break below the orange dashed line, we might be going to the bottom of the channel (hitting the missed monthly and weekly pivots below) - A move to the north (most likely because of stochastic being in the oversold zone), price will probably hit the weekly missed pivots above price....