AUD is pretty much weaker so does NZD, So strong bearish signs but technically Falling Wedge Strong Rejection TL Holding If holds then strong bullish else wait for the breakout and Retest We'll be having major Fall..
FX:AUDNZD Due to the weaker monetary policy in of reserve Bank of New Zealand the kiwi dollar had lose some strength against all the currency pairs AUDNZD has managed to gain some strength towards 1.10430. At 1.10320 it has formed a double top formation which triggered selling of kiwi dollar An it also formed a ABCDE Elliott wave pattern which has further...
Price has pulled back significantly into the previous daily resistance zone, It is likely to see rejections from this region, if we don't see any signs of rejection and the price manages to break below the key level marked we can look for potential selling opportunities from the re-test of structure. According to COT data source - 57% short
On the daily chart I have highlighted an Inside Bar price action signal. Initially I was watching for a break of the mother bar on the up side to go long. However, this is a perfect example of why you should wait for the close of the candle to make your decision. It in fact, broke to the down side, breaking recent support as well as forming a nice bearish pin bar...
Been watching this pair for a while. Actually took a loss near the end of last week when I went long. Now that price is trading below, I am now bearish for a couple of reasons. 1. Price hasn't made a higher high since the morning of August 18th. 2. Price made another push higher, but was followed by indecision. This is the first indication that buying pressure...
Monthly 1 touch 2 touch makes a trend line 3rd touch usually completes the trend Weekly 1 touch 2 touch makes a trend line. 3rd touch to complete the trend. 1. Market has reached psychological level between 1.09100 and 1.10000. 2. Looking for 1 more weekly rejection candle to support bearish momentum to the down side. 3. Looking for confirmation in...
Hi Traders, here is the full Video UPDATE Analysis / Breakdown for AUDNZD. HIT THAT LIKE AND FOLLOW BUTTON! A like & a Follow or comment is a Free way to Show your support! Conditions - 1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change ) 2.Use Risk Management (Risk 1% of your capital) 3.Do your Own analysis! 4.Follow for...
AUDNZD WEEKLY SWING SHORT IDEA PLEASE SUBSCRIBE
This is just an idea of my outlook on audnzd. It had a bull run recently and a major pullback is long overdue. It broke downwards at a consolidation range and retested the support(Now resistance) and is looking itll go back down.
Hello my friends, This pair come into my forex screener and i saw a promising setup to it. A double top pattern on the 4hr timeframe, price also already broken below the neckline and retested it. I got another confirmation from the ichimoku as price also broken below he bullish cloud. It also show sign that price could continue it declines as the cloud start...
Hello traders! AUDNZD is at resistance area and is forming a double top pattern. Price is overbought and in need of some retracement. Price is forming double top formation with MACD divergence confirmation. If you like the idea and find it helpful please press like 👍 and feel free to leave a comment bellow. Thank you
As we can see, I will be expecting the elliot wave movement to end soon with possible retracement movement. If we look into the price movement, we can see price moving up slightly to a potential resistance area (red area) where I will expect to see a nice rejection off there. As for retracement level, I will seeing it moving towards 1.0795 level where there is a...