Hello and welcome to my Trade Idea of the currency pair AUD/NZD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a beautiful downtrend.
Weekly: Weekly is bearish too with a crazy bullish weekly candle this week, so next week a pullback is highly probable.
Daily: On the daily timeframe we see the bullish pullback in more...
Hello and welcome to my Trade Idea of the currency pair AUD/NZD.
Lets start with the Top Down Analysis.
Monthly: Monthly is bearish .
Weekly: Weekly is bearish too with a beautiful and clear downtrend.
Daily: On daily the price consolidates a little bit. We look for short entrys.
H4: On the H4 timeframe i draw the support and resistance zones. We...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.04517). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support....
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1 HOUR
Price died last few hours, market taking out long holders.
4 HOUR
Bearish waving market found its support now!
DAILY
Price broke below previous lows and support level, good long entries!
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FOREX SETUP
BUY...
Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
-
1 HOUR
Bearish market open and price action.
4 HOUR
Very bearish market scenario with several breaks to the downside.
DAILY
Bearish waving market at its support now, expecting some bullish pressure now!
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FOREX...
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Dear Friends
I have been developing an indicator which identify key supports and resistance using "Swing indicator" as the main sub-indicator.
Here is what I think for AUDNZD:
On hourly TimeFrame, this pair has made a wedge formation which is more likely to be broken to the downside. Watch that false breakout and if you look at Daily it is below EMA 14 and 21 and...
The price has reversed from a support zone that is lined up with the bottom of a descending channel and it's moving higher.
The price broken out of the bottom of the channel and then made a reversal bullish engulfing candle and it has the potential to move towards the resistance zone.
I will be keeping an eye on this pair next week to see how it acts at the top...
With regards to my previous post on AUDNZD, the price seems to has completed the flag pattern and a bullish rally should resume.
There is also a weekly doji price action signal on the weekly chart which is suggesting indecision. However, since our bias is bullish it can serve as a buy signal.
The trading plan here is very conservative as we're putting our stop...
The two Australasian currencies are represented in the Australian Dollar vs. the New Zealand Dollar pair. High Rollover rates and like geographical locations cause them to often trade alike against other currencies. Because of this the pair is not extremely affected by global factors or trends but instead reacts more to changes in the local economies.
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