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resistance level, about to take off for bearish move.Price has shown rejections at the same level before.
You can open a sell limit at 1.07000. its a long term sell position.
We have a interesting setup here on AUDNZD, what we have here is the daily came down to a previous support with a Double bottom, so now we know that we have to be looking only now for bullish reasons to buy unless its breaking down the support, if you take a look you can see that the market provided us with a nice bullish candlestick formation breaking out of the...
-->> strong downward momentum -->> next daily support as target -->> long term trade
AUD/NZD 1H Chart: Breakout from symmetrical triangle In early hours of this trading session the currency exchange rate made a breakout from symmetrical triangle pattern amid the pressure from 55-, 100- and 200-hour SMAs. In result of this downfall the pair has formed a minor descending channel, which is should guide movement of the pair at least until release of...
Hi traders, Spotted a very beautiful setup on the daily AUDNZD chart. Here's the deal: The price trended up nicely with gorgeous swings, respected the 20-period moving average (20 SMA), made a double top (showing trend weakness) and broke with a strong bearish momentum the 20 SMA and the flipzone (= Support and Resistance area). The Friday close allows me to...
We were long on AUDNZD from 1.03 and hit our TP yesterday at 1.09 where we touched the EMA200 as expected on the weekly time frame, however, the recent bullish move has shown strong signs of even a further bullish move and I cannot resist to re-entering, even if it is a Thursday evening before the last Friday of the month + Bank holiday weekend!! A closer look...
AUD/NZD 1H Chart: Channel Up The Australian Dollar is gaining value against the New Zealand Dollar in a few days long ascending channel, which started to form in result of an extensive jump of the exchange rate from the monthly R1 at 1.0868. Given the narrow structure of the pattern, it is not expected to guide movement of the pair for long. Most...
AUDNZD Looking for a buy/long trade here. I have a strong feeling that this line will hold (Lol). If you wish to enter now put SL: 106 LEVELS preferably 1066 there
2 harmonic pattern on AUDNZD Great opportunity for Buy ....
In an ideal world, the AUDNZD would continue another wave of the uptrend and close above 1.10198. Excuse my purple arrows lol they are for my reference of some S+R that I want to keep an eye on... On the Weekly, we've been making lower lows since the 6th of April 2015. More recently on the Daily chart, we've been making Higher Highs and Lower Lows since the...
Buy above 1.0491. Stop loss at 1.0430. Take profit at 1.0606. Reason for the trading strategy (technically): We look to buy above major support at 1.0491 (Fibonacci retracement, Fibonacci extension, long term horizontal support, bullish divergence) for a push up to at least 1.0606 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic...
Right, so the Aussie dollar is showing some strength, also Copper threw (albeit weak) buy signal, so I am expecting this pair to continue upward. (Daily Time Frame) Also, it is above the 9 day MA and is above the 50 day MA. However, there are a few more points of resistance it will need to break. I am long AUDNZD -
The AUDNZD came alive in February and continued its bull move through the first half of March. It was the first significant higher high since March of last year when the cross was trading at 1.1280. Since last month’s high at 1.1018, the pair has pulled back and consolidated. But the way in which buyers have held price above 1.0765 suggests a healthy form of...