AUDNZD is approaching our first resistance at 1.0475 (horizontal pullback resistance, 61.8%, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.0423 (50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding...
AUDNZD is approaching our first resistance at 1.0534 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.0508 (horizontal pullback support, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we...
AUDNZD is approaching our first resistance at 1.0532 Horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 1.0452 (61.8% fibonacci retracement, 61.8% fibonacci extension).
RSI (34) is also approaching resistance and we might see a corresponding drop in price...
Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here.
Wait for the breakout of the 4hr. consolidation or daily consolidation from red border boxes to take the...
AUDNZD is approaching its resistance at 1.0535 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it may reverse down to its support at 1.0470 (100% Fibonacci extension, 50% Fibonacci retracement, Horizontal swing low support)
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.
My bias. Got my sell entry on the 15 minute. Oversold on the 15 minute chart to the 4H. I may potentially ride this one down to the 1.04090-1.04000 area (Bullish Engulfing Pattern on the 4H). I might buy after the sell is over - but that will be updated in another post and depends on what happens here.
*Enter if your...
The AUDNZD made a bullish rejection candle at a double bottom level on a weekly support zone.
This pair is currently building a major Elliot Wave triangle corrective pattern after a major five-wave bearish impulsive move.
According to Elliot Wave principle, a triangle consists of 5 corrective waves (ABCDE). AUDNZD has already completed the wave...
this pair is about to go on a run down to around 1.03 levels. there is a nice double top pattern that sets its up nicely along with a highly respected down trend resistance that has continued to hold. i would go short now, it should bounce off of a close support here within the next couple of days, but continue its downward momentum for the coming weeks.
The AUDNZD has broken out of the bullish ABC zigzag corrective chart pattern within a larger downtrend.
The pullback which retested the broken descending trend line, 38.2 Fib and resistance level is most likely part of Minor Wave 4 "blue," which could indicate a continuation of the downtrend.
The first target is support level @ 1.0378 and main...
AUDNZD is approaching its support at 1.0602 (100% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal overlap support) where it could potentially bounce to its resistance at 15.34 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3% where a corresponding bounce...
The Monthly and Daily time frames are Bearish.
This pair has trading in a tight range since January 17
Would like to see the Kejun Sen flatten or better yet
step down and that will happen if the pair respects the
The Optimal time to start look for this trade to trigger
would be after 1am as the Cloud will have thinned out
making it easier to...