AUDNZD is nearing the PRZ of a bearish bat pattern on the hourly chart. The bearish bat may complete the wave (ii) retracement to continue the bearish trend down to wave (iii) completion. The PRZ of the harmonic pattern is confluent with previous fourth wave support. Entry is placed at .886XA with SL at 1.1XA and target at (i) = (iii).
AUDNZD has been consolidating for the past days. This might be a good trend continuation (there has been a series of LLs and LHs on this pair on the H1) trade. Stop is above the X leg
AUDNZD is rising and it is showing relevant Supply Levels for Sell Trades. The highest demand level shows a strong market reaction pushing the price up for 3 weeks now and it shows bullish engulf candles pattern. The expectation is that the price could have a new Head of Swing just under the head of the previous swing. We know that we want to sell on the supply...
AUDNZD is spiking in this moment. I have already a buy trade in running. I am looking now for a potential Entry Point for a Sell Trade to keep for the middle or long term, according with the Trading Plan. In this case, I made a mistake and I bought too high. I was ready to buy more if the price was able to reach the deep of the demand. But it didn't happen. I...
AUDNZD has made five waves up since April, which means that primary trend is bullish. As such we will be expecting more upside after any corrective retracement. That will be blue wave B, which seems to be a triangle, possibly near completion, because we see red wave E in progress, which is a final leg within a contracting triangle. We could be looking for long...
AUDNZD has been in an uptrend since late April. Sustained NZD weakness has been the main proponent of this. More recently, AUD has faced some weakness due to decreased global demand for commodities and China going through a crisis. However, China's perceived woes are now subsiding slightly (albeit still there) amongst some and so we are seeing relative strength...
AUDNZD is moving lower as expected into our blue wave (5) , as noted in our last article. www.ew-forecast.com
AUDNZD looking nice here for a long trade. Watch for a false breakout to downside and look for bullish evidence within or near the area of the BUY ZONE.
AUDNZD has been trading bullish since April 2015. Pair is trading impulsively, recently completed blue sub-wave (iv) at 1.08890. From here we expect market to continue to the upside into blue wave (v), possibly even to 1.1800 area by the end of the summer.
AUDNZD correction could be over with the ABC Elliot wave and after dropping into Fibonacci retracement level 50%. At this point I expect price go long until reach Figonacci extention at -23.6%.
AUDNZD executed all three waves of a flat correction and is heading down, a good first impulse is completed (visible on 1H charts). I expect the movement to continue and to reach the target of 0.92 of wave 5 of a larger movement. The correction was large enough in terms of duration which makes me believe it will be a simple one (no X waves this time). Note that...
After move higher AUDNZD is pulling back bit deeper. Approaching trend line of well defined up channel, with support at 1.105-1.107 range. Long should be taken on change of momentum.