Aud-nzd
AUDNZD on the way to the Target by ThinkingAntsOkMain items we can see on the chart:
a) We observed a clear minor corrective structure after the breakout of a major corrective structure
b) This structure was also supported on a clear horizontal zone (support/resistance)
c) When we find this kind of situations with coherence in multiple aspects, we can say we are in front of a high-quality setup
d) The movement is currently going as expected (from a technical perspective) and we wait for the resistance zone to be hit
AUDNZD: Key Level & How to Trade It
AUDNZD is approaching a strong daily/4h structure support.
the underlined yellow area is based on a horizontal structure and fib.confluence of multiple impulse legs.
Friday's daily candle has been rejected from it with a dodji candle.
to catch a bullish movement from this key level,
pay attention to a bullish flag formation on 4H.
let the market break above that with 4H candle close.
then buy aggressively or on a retest.
initial target will be 1.0727
stop will be below the last higher low within the flag.
in case of bearish continuation and bearish violation of the underlined structure,
setup will be invalid.
AUDNZD Trend ContinuationBeen speculating of this pair for 1-2 weeks and just last week it met our conditions of entry but so happened to show us our ideal entry at market close which is very risky especially without knowing what may happen over the weekend, that can put our trade into complete danger. It was better that we closed at entry and be patient on this one, the next entry would be with great bullish momentum breaking above the minor correction channel at trending support.
Don't miss the great buy opportunity in AUDNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support lines. 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 1.0721
TP2= @ 1.0748
TP3= @ 1.0813
TP4= @ 1.0867
TP5= @ 1.0890
SL= Break below S2
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Don't miss the great buy opportunity in AUDNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support lines. 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 1.0721
TP2= @ 1.0748
TP3= @ 1.0813
TP4= @ 1.0867
TP5= @ 1.0890
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 ❤️
AUD/NZD - I've got another idea!AUD/NZD In a beautiful channel going up.
If we see the bears get in further control we could head down out of channel to 0.618 area which matches out support areas.
If the bulls stay within this channel we will see a re-test of bullish momentum areas and could go towards 161.8 high areas to the next resistance areas.
Patience is key!
Just a trade idea, not a recommendation.
Aussie Kiwi short ideaSee a bounce off a strong resistance, I’ve shorted from earlier but could be a nice short for yous to look for an entry for. stop above resistance, tp1 at first support, tp2 at second support (will close depending on how the support is treated). Happy trading! Do your own TA!
AUD/NZD SHORTHello Traders !
Today we have a nice trading day !
USD is weak and most of the pairs like GBP/USD , AUD/USD are all the way up !
This could be change when US Stock Market will open up .
For today I will bring you this trade, a short idea in my opinion and I tell you why
AUDNZD entered in this low area in November 2018 and stay there, try several times to make a way the break that zone at 1.08800- 1.0700 but without any success.
So as you can see, if you switch to Daily or Weekly TF you can see a solid resistence at 1.07180 / 1.07200, everytime in last weeks when price come to this level, it was rejected, also we have that double top on daily from May.
Personally I will be a seller on this pair at this time and also until the pair will break up the zone from November and also 1.08900.
You can join this trade using next information :
You can entry at 1.07170 and also you can entry now if your appetite for risk is higher or you can wait.
Put your SL at 1.07250
TAKE PROFIT @ 1.06900.
Depends on your entry, this trade can bring you 2+ 2.5 + R/R
Soon I will launch the telegram channel and I will inform you about that and there I will continue my work from trading view and offer live oportunities for you !
Take care and stay safe !
Have a great day and a productive week !
AUDNZD Price has stalled out on R2 and in our MOB zone! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
AUD NZD - Long FlashcardAUD NZD - Long Flashcard
- Double bottom formation (more pins to a low) created early London session
- Lower lows created until a spike, after which the spike wasn't broken and 4 higher lows were created
- RSI crossed MBL and MBL curving upwards
- Entry @ second close above 13 ema
- Stop loss 5 pips below low off formation
- Average daily range of pair is low so lot size is doubled and stop loss is tighter (in terms of pips)
- TP @ RSI cross into signal line and hook into volatility bands (halfway through candle since stop should be tight at that point)
COPY OUR TRADE SETUP FOR SAFE TRADES - AUDNZD As we already explained, two channels have broken so far, two short channels forming lower lows give us a confirmation of our previous reversal idea. AUDNZD has reached the resistance zone and trading in sideways with wicks on the chart. We will take sell entry at 1.0717 level or if it breakout support line we can take sell opportunity on the retest at 1.066 with a target of 1.0550 level.
Note: Idea is only for learning purposes. Apply your own analysis before the trade.
AUDNZD - Trade Idea for TODAY!Which way will it break? Nice clear chart with great support and resistance. You could even go and add other indicators such as RSI etc. I like this chart on the higher time frames as well. A break out of the bull flag or triangle, bulls are in control. However, if we do break to the down side, take the short down to the next support area, for bulls in control, target the next resistance.
As I am aware we are in consolidation within the majors, but minors are offering great R/R trades.
Remember: Just a trade idea, not a recommendation.
AUD/NZD: Buying @ market priceThe curve was broken to the upside on July 14, European morning time.
As you can see, it has acted successfully multiple times as a resistance and it seems now buyers are ready to push the pair to higher levels.
I am buying at market price, my 1st target will be the 50% fib level from last top then If I see a continuous strong upwards movement I will target the 61.8% fib level as a final target.
Trade at your own risk
WOL3.1 #114AUDNZD buy 1.06171
SL 1.05950
TP 1.06614
R= 22.1 pips
If price reaches 1.06392, move SL to 1.06216
ridethepig | Dovish RBNZ Pricing & Commodity Shortages📍 RBNZ formula
So what are we trading here?
In this position it would be an obvious mistake to not acknowledge risk sentiment worsening over the weekend as cases continue to escalate, clearly the market is exposed to the storm (that is to say the series of localised lockdowns are a done-deal, the only question remains whether it becomes more widespread).
On the monetary side, the correct flow to shelter from if things materially worsen (sadly looks inevitable) is the dovish RBNZ. After the latest meetings they have opened the window for a game changer on the stimulus front coming in August (via lowering domestic borrowing costs).
Consider the situation on the AUD side of the equation: Commodity shortages are entering back into play via the Covid shock which is a prelude towards the monetary crisis. Gold, Iron Ore, Copper and etc all look set for further advance; it will keep the basis for some action to the topside in AUD via collateral. Here tracking closely 0.677x in AUDUSD and 0.637x in NZD as the line in sand for the cross. Look to ride AUDNZD up towards the 1.12 macro targets.
As usual thanks all for keeping the feedback coming 👍 or 👎
