We expect a strong bullish impulse at the region that we are interested in, this can be either 100 pips moves or 200 depedning on the liquidity.
AUD/NZD analysis; Price will continue buying long term from support price $1.04235 to next resistance zone price $1.08100 long term.
*** Kartli model (harmonic) was formed and achieved the goal of 1.04266 *** It has crossed a price channel (blue) and has two targets in front of it. The first: touching the green trend, then 1.05915 *** The failure of the analysis is to break the level 1.04266
LONG AUD/NZD. Prerazenie rezistencie. Predpokladám opätovný pokles k rezistencii a následne LONG.
Finally, the price broke above the channel on Nov 21, and after a minor consolidation, the recovery continued. This confirmed a legitimate breakout, indicating a possible trend change. next target is 1.0525 / 1.0590 Fundamentally, traders Betting RBA Will Soon Follow RBNZ May Have to Wait
After a huge move down we had a pullback which was correct to 38%, however there was no divergence before we had the recent 3 wave down move. This 3 waves down however does show divergence on the histogram which indicates a possible correction. I would now expect to see 2 waves correction to 50%
AUDNZD is continuously moving in a parallel channel and now it is sustaining on the upper area of the channel. so in terms of price action, we could see a move towards an upside of 1.04500. This could be a test for bulls because there is a strong resistance area.
AudNzd sell trend changes . restest completed . and now its ready to fly . SL 50 pips . Tp 200 pips
Most likely, the third wave of Elliott will start and we will reach the price of 1.10460
Good morning fellow traders and welcome to a new trading week. Just the one new setup identified on the Daily time frame Forex charts today, and that being a AUD/NZD buy trade. You can read my notes on the charts to see my thoughts on this. I would definitely be keeping that remaining partial sell trade on though if you can, just for some protection. Cheers. Jim JAGfx.com
Why are we entering? - We are within a descending channel and a descending wedge indicating bullish reversal - 2 areas. Recent bottom or bigger double bottom - Expecting NZD Weakness What are we waiting for to happen? - Bounce off the recent structure bottom - Break of WFB for confirmation - If recent bottom breaks, look for double bottom What is our...
Hi fellow traders, the correction is ending on AUDNZD. Look for buys only and hold it for longer term. Goodluck!
Bullish Indicators: 1) Support zone at 1.04080 Fib level 61.80% Bearish Indicators: 1) LH LL 2) Downward trend 3) Resistance zone at 1.04471 or upward descending trendline. Plan A: One can take a short position on the rejection from the upward descending trendline for the target of 1.04080 and 1.03522 Plan B: On the breaking of upward descending trendline with...
One of two new trade setups this morning on the Daily Forex charts using the High Probability/Divergence trading method from my books. You can read my notes on the chart for my thoughts on this setup. Cheers.
Hey traders, here is the analysis for the AUDNZD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
*** A price channel has been crossed...blue. *** Wedge puttern exceeded.... Black. *** Buy Targets = 1.04870 // 1.05092 // 1.05223 ***Failure = break point 1.04435