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Aud-nzd

AUDNZD on the break of the channel 🦐AUDNZD on the weekly chart looks extremely bearish with a double top lower close candle formation. ON the daily chart the market is testing the support around 1.07300 near the ascending lower trendline of the channel. We can expect some minor retracement until the 4h resistance before the market will break below the daily structure. When the price will break below we can 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.
Short
by InkyGrip
4
Don't miss the great buy opportunity in AUDNZDTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (1.0851). . 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 66. Take Profits: TP1= @ 1.0905 TP2= @ 1.0933 TP3= @ 1.0957 TP4= @ 1.0993 TP5= @ 1.1041 SL= Break below S3 ❤️ 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 ❤️
Long
by ForecastCity
9
AUDNZD testing a minor resitance 🦐AUDNZD on the daily chart is moving inside a descending channel. The market hit the top part and try to break below the structure at 1.08 before being pushed back above. Currently the market is breaking below again and if the 4h candle will close below, at the reset of the structure we can 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.
Short
by InkyGrip
8
$AUDNZD - Moves inside the flagHi guys! Wave 2 may result in investments in safe-haven assets as Gold and Bitcoin (as it seems). Since the Australian Dollar is correlated to Gold, we should expect a contemporary moves of the AUD against it's quoting currencies. Gold as the Australian Dollar against major pairs had tested an important dynamic support and rebounced, this might bring in some singnificant signals to investors among the Covid wave 2 to purchase Gold right now. As the US Election is getting close, the volatility may as well rise. Despite the fact that a regular Bullish flag pattern implies a 5-wave move inside the flag before the breakout, however I think that the pattern here is complete and AUD may break the resistance soon enough. Follow me for more ideas. If you like the idea, do not hesitate to hit that Like button!
Long
by azizelliott
AUDNZD tesding a daily structure 🦐AUDNZD after a bounce over the weekly structure around 1.07300 is now testing a daily structure. Price retraced till the 0.382 fib level on a support structure and now will go for a second test of the daily resistance. IF the price will manage to break and close above the daily structure we can set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
Long
by InkyGrip
16
AUDNZD bounce over the 0.618 🦐After our last analysis on this pair we check what we expect next from AUDNZD pair. The price has been moving inside a descending channel. After breaking the resistance at 1.08300 price tested the support at 1.07800 and retest the upper structure. Recently the market created a spike till exactly the 0.618 fib level of the previous upper leg before going back over the daily structure. IF the price will break and close below the 1.07800 level we can set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
Short
by InkyGrip
10