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Aud-nzd

ridethepig | AUDNZD Market Commentary 20.01.2021📌 ridethepig | AUDNZD Market Commentary 20.01.2021 This chart illustrates the remaining crumbs in AUDNZD which is worth further study. The position from the previous diagrams continues and we are set for taking the next main target at 1.089x/1.090x. Now, buyers have overcome their difficulties in development, the base is optimally protected from AUD inflows via the commodity side. Happy to continue holding AUD against the bird, and is a nice way to express a dovish view on NZD. Thanks as usual for keeping the feedback coming 👍 or 👎
Long
by ridethepig
1
AUDNZD - Last trade idea for this yr! 🎁Yes, this is my last trade idea for this yr...! AUDNZD, Hit my target perfectly this week - 200 EMA. Great way to end this week! It's getting to end of the yr now, keep that in mind whilst trading. Technical view, daily time-frame: Broke out of smaller inner channel hit the 161.8 Fib Area, as well as inverse H&S Reached target so we could fade, now we could go towards the support area of: 1.07419 Or we could go to the next Fib retracement area of 2.618 areas : 1.07610 - 1.07800. Now how do you approach this trade you might be thinking: You can add an alert or limit orders on how you approach this trade, really does depend on your trade plan - Go to a lower time-frame for greater R/R. Guys keep an eye on GBPUSD and check my latest post on that - If I find anything interesting on that I will be posting it privately on the various groups I am part of. It's has been an unusual great year for me - I know it hasn't been easy for many people out there - but don't give up especially don't give up on becoming a great trader - it's the best career to ever have! I will be back the first week of next yr with plenty of great high conviction trading set ups! And if you guys have any requests - Private message me, I have really enjoyed the great comments and private messages I have received I am very grateful- thank you! 🎄 Happy Holidays & Have a great yr ahead- Ready to conquer 2021 with great trades! 🎁 All the best, Trade Journal
by Trade_Journal
2
AUDNZD will move higher? 🦐AUDNZD is moving within a range between 2 structures. The price formed a slightly declining channel. According to Plancton's strategy if the conditions will be satisfied we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together
Long
by InkyGrip
6
AUDNZD back on track 🦐AUDNZD after the triple top at 1.07100 broke the ascending channel and retraced until the 0.382 fib level. The price from there starts a new impulse and went back at the resistance area. If the market will break above, according to Plancton's strategy we can consider a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together
Long
by InkyGrip
18
💡Don't miss the great sell opportunity in AUDNZDTrading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.0667). 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 downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 30. Take Profits: TP1= @ 1.0641 TP2= @ 1.0625 TP3= @ 1.0591 TP4= @ 1.0563 TP5= @ 1.0515 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
17
💡Don't miss the great sell opportunity in AUDNZDTrading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.0667). 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 downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 30. Take Profits: TP1= @ 1.0641 TP2= @ 1.0625 TP3= @ 1.0591 TP4= @ 1.0563 TP5= @ 1.0515 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
22
Long or short?Hey guys, I hope you guys had a good weekend. As you can see from my chart AUDNZD has been bullish short term and has respected the support trend line, right now price is currently sitting at a resistance of the trend line. If price breaks this resistance trend line we may see price mover higher, on the other hand if price breaks the support trend line price may go down another leg, lets let the market decide🤷‍♂️ If you find this idea helpful... Please feel free to like👍 Follow us for more ideas❤ Drop a comment below on what you think🗨 Good luck with your trades and Merry Christmas🎁
by fxpays
AUDNZD on a channel test 🦐AUDNZD after the last bullish impulse attempt to break the 1.06450 level and got pushed back. The price is moving inside an ascending channel. IF the market will break and close below, we will set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together
Short
by InkyGrip
10
ridethepig | G10 FX Christmas Chartbook 🎄 @ridethepig | G10 FX Christmas Chartbook 📌 USD - devaluation continuation is the name of the game ...the breakdown is cooking; Biden has turned dollar into an awful shelter. Look for cover elsewhere, a 'digital dollar' could also be a beautiful political manoeuvre in which we may see the transfer of whole equipment from West to East. Needless to say, the centrepiece to the FX board is looking a lot less convincing as we end the year compared with how we started. 📌 EUR - bridges are building ...eurobonds entering into the picture has been decisive, debt mutualisation is a necessary component for the currency to survive and Coronavirus was for Merkel what Britain was for Alexander Hamilton. Political bridge building will provide a nice shelter for the coming year(s) and the bias is to remain long EUR/USD. 📌 GBP - is also playable of course ... and should be one of the better isolated macro trades here. While Johnson has managed to provoke Biden, he has lovingly moved away from no-deal via Trump back to secured the 'deal' with Europe. The subordinate Johnson deal will not really be considered better by anybody in the ST and is unlocking a leg lower in GBP assets. The only prevention for the annihilation manoeuvre, as has already been pointed out, comes from the dollar devaluation which can enter into play sharply into 2022. This is an instructive example of balancing a portfolio. 📌 JPY - "if it aint' broke, don't fix it" ...the West have a lot to learn from Japan when it comes to understanding how to deal with the issues surrounding private debt from 1991. Of course, you are right to say well @ridethepig the West didn't let asset prices considerable weaken, sure, but this is why growth fizzles out. Japan knows the problem is terribly restrictive and must sacrifice fiscal policy. Paying down on private debt with wonderful imaginative gifts while using Government spending to continue the money supply flows. A risk-off inversion is/was the only way to avoid deflation and the 30 year gap is now plugged with experience. 📌 CHF - "SNB have played skilfully" ...in order to protect the currency as best it can, the CB has been granted a chance for some more direct action at 0.870x. And in the meantime, with a WhiteHouse dependent on Fed resources and conducting desperate struggles for its own existence, dollar devaluation is opening the waterfall towards 0.780x if the pivot would fail. 📌 AUD - "Commodity shortages and supply restraint" ...the prognosis for the Aussie seems quite good (and for other commodity currencies NZD and CAD more broadly). The barricades from global government have managed to disrupt supply chains and in this game, because of the relationship the Australian currency has with commodities, a test of 0.80c is needed. 📌 NZD - "keep an eye on RBNZ" ...the dollar shorts across G10 are mobile but here I must say NZD is my least favourite of the commodity currencies. The blind spots to this come from RBNZ bringing debt:income measures generally back into play, which is not helpful for credit and will potentially unlock threats of negative rates once more. 📌 CAD - "the taxing neighbour" ...is leading to direct inflows into Canada. A Biden sweep in GA is grounding the manoeuvre for the outflows, the soundness of which will give us the chance to park capital for a few quarters at most. Losing 1.280x for the yearly close is sufficient that we are able to work out the waterfall towards 1.20xx. Stay short USD versus CAD into 2021. 📌 SEK - "Classical manoeuvring" ...a very good year for SEK after the initially softer start, it rallied aggressively alongside NOK. The main line in SEK at 8.2x is within touching distance. 📌 NOK - "more volatility to come" ...with a strong indication from models to buy both NOK and SEK. Commodity shortages (including Oil) can no longer be staved off. The successful penetration of 8.7x support will unlock a -12% waterfall for 2021. =================================================================== These materials do not constitute an offer or a solicitation of an offer to buy or sell without the prior investment products or securities, including security- based swaps. These materials are provided for information purposes only and do not contain all of the information that is material to an investor. ===================================================================
Long
by ridethepig
7
💡 Don't miss the great buy opportunity in AUDNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.0515). 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. . The RSI is at 56. Take Profits: TP1= @ 1.0660 TP2= @ 1.0760 TP3= @ 1.0815 TP4= @ 1.0890 TP5= @ 1.1045 TP6= @ 1.1455 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
21
💡 Don't miss the great buy opportunity in AUDNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.0515). 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. . The RSI is at 56. Take Profits: TP1= @ 1.0660 TP2= @ 1.0760 TP3= @ 1.0815 TP4= @ 1.0890 TP5= @ 1.1045 TP6= @ 1.1455 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
21
AUDNZD on a bull flag ? 🦐AUDNZD after the attempt to break the 1.05500 started a minor retracement move. The price touches the support area at 1.05150 over the 0.382 fib level and bounces over it. IF the market will break above the upper trendline we can set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together
Long
by InkyGrip
15
ridethepig | AUDNZD Market Commentary 02.12.2020There was apparently no motivation for sellers to continue the advance lower and neither does it seem pragmatic. AUD buyers are showing up once more and this looks like the prelude to an exciting momentum gambit. The trigger comes from a leap above the latent highs, it will move us forward full of energy as shorts start covering and the youthful arrogance of those reluctant to close get margin called. I choose to answer the lows with a gentle position, no more than one or two in the start, and the quietness of a worthwhile virtue. The whole business of markets is about the advance for our momentum, because the traps have already been set, sellers still think they have won, but only when we zoom out on the macro charts can we truly demonstrate the underlying AUD strength. So I would tend to describe the above floor as cheap and open. With clearing month end flows and markets trying to get their 2021 trades on early with commodity shortages entering into the picture already, we should emphasise exposure in AUD. Of course, Australian and China relationships are not working perfectly, although I expect this will be the story to track in 2021 rather than December 2020. Thanks as usual for keeping the feedback coming 👍 or 👎
Long
by ridethepig
9
AUD/NZD: When is the time to sell? ⏱Hello traders, TECHNICALS: The pair reached multi-month lows and continued to trade in a healthy downtrend, although the current fall looks somewhat overextended. Selling volume is rising, but institutional players haven't had the opportunity to square up their books just yet, which is why I expect a pullback to the liquidity zone. POSITIONING: Short positioning is reaching extreme levels in leveraged money in NZD, increasing the risk of a short-squeeze. Leveraged money remains bullish on AUD, but the net long positioning has been falling with the latest CoT report. CORRELATIONS: AU and NZ 2-year yield differentials point at further weakness, as well as AU/NZ stock indices. Chart here. FUNDAMENTALS: RBA Governor Lowe doesn't see rate hikes for the next three years. The Aussie dollar fell after the RBA meeting, but tensions with China, a major trading partner of Australia, is also hurting the currency. UPCOMING ECONOMIC REPORTS: RBA Gov Lowe speaks on Wednesday, 12:00 am London time. Expect some volatility here, ideally to the liquidity zone for a short position. == SUMMARY == Waiting for a pullback to around 1.0550 before entering short, ideally supported by volume. Please hit the "LIKE" button if you find this post useful. Also, don't forget to follow to get more trade ideas like this. Thanks!
Short
by MujkanovicFX
AUDNZD on a retracement move 🦐AUDNZD is inside a daily descending channel. The price after hitting the 0.618 of the weekly fibonacci retracement bounce over it. Now the market is testing a daily resistance area and if the price will break above the 1.05900 area we can set a nice long order according to Plancton'sa strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
8