WOL3.0 #60AUDNZD sell stop 1.06310
SL 1.07879
TP 1.03175
R= 156.9 pips
If price reaches 1.04746, move SL to 1.05998
Aud-nzd
AUDNZD Retest Short swing!I'm a songwriter as well and I notice the songs that come to you the quickest sound the best lol this one just called to me... Maybe it's the lack of sleep or maybe the isolation but it called to me I heard it lmao
AUD/NZD Long After the very bullish close on Friday i will now look for a long, taking the first position to the highs and letting the second run on a break even stop. This pair has lots of potential to move higher after a simple break and re test in a now strong uptrend.
If you want to learn more about how i trade feel free to drop me a message on here or on instagram: saxonpooley
Don't forget to also check out my weekly reviews!
Have a great week.
AudNzd sniper strategyWe see 88.60%area interest for institutions,bank want to get to that area to do reversal and take all liqudity.
Stop lose is on last wick.You can put pending position or you can enter with market exucution.
Swing trade setap..Its maybe take a 2-4 days to hit take profit.
Just trust the proces and evrything it bee great :)
Dont overelavrege,do 0,5% or 1% per trade,that trade is high RR ratio.
We have big numbers 1,0600, and 1.0800 banks love thaths numbers.
AUDNZD potential buying opportunity (70+pips)Both currencies are under recover since risk on sentiment took over. Long term direction is still to be confirmed by both currencies since uncertainities and virus danger are still not gone. In both scenarios I see AUD still better and safer currency to long vs NZD.
SENTIMENT/SECULAR ANALYSIS:
Institutions are still holding short positions on both currencies, but retailers are going the other way. In this particular case there is more traders net short this pair than long since confluence levels got hit. Going against crowds can be profitable, specially if price is not moving fast in any direction.
By looking at 13w secular performance analysis chart I see AUD is almost closing the gap vs USD and safe haven currencies (first time since March 01) while NZD is still lagging (more due fundamental reasons) so it gives me a better edge over the next market move knowing that in both scenarios (risk on/off) AUD is likely to perform better in close future.
TECHNICAL ANALYSIS:
Pair looks bearish on 1h/4h timeframes and very close to confluence weekly pivot. However I will consider going long if 1.073 level gets ceased along with 100ema. Pair might fall even lower before we see new leg upside, but until then this is scenario I will follow.
1D timeframe: 20ema supports, previous resistance high as support - very confluent level
4h timeframe: 100ema support + confluence level
IDEA:
Buying AUDNZD on 1.073 breakout. SL: 10 pips below last support TP: 70 pips (1.08 area) - TP2: 1.083
AUD/NZD: Update, what's next after wedge breakout?Part 2/2:
Technicals : So far we have a clean break below the bearish wedge pattern on the daily chart, although buyers are becoming more active recently and push the price higher. The 1-hour chart shows the key sell zone that should be monitored - it's the pullback level to the lower wedge resistance that aligns with a short-term horizontal resistance.
Economic surprises : If you followed our posts, you know that the Australian dollar had some of the strongest ratings in our Economic surprises index. The NZD is now picking up, but the market narrative about negative interest rates could still be bearish for the currency.
US-China tensions, and possible China-Australia trade tensions, could significantly weigh on the Australian dollar.
Positioning : We'll make an update on market positioning after the CFTC reports this week's CoT numbers.
Correlations : Correlations are described in the previous post. I like the divergence between the pair and the ASX200 vs NZX50. This could be bearish for the pair. We need to post correlations separately, or our charts would be too cluttered.
Risk sentiment: Deteriorating. Stock indices falling on renewed trade tensions. Bearish.
AUD/NZD: Correlations confirm wedge breakout?Part 1/2:
Hi traders, the New Zealand stock market has been performing quite well compared to the Australian ASX 200, pointing at a lower AUD/NZD for some time.
Interest rates are still neutral. Technical picture and other important analysis points follow in the next post.
AUD/NZD - Short Setting an order for a short on this pair as it looks to be showing resistance at this major area. there is major support below and it is in an up-tend however, i believe we are going to see a pullback.
I will close partial profits at the support below and let the rest of the trade run on a break even stop.
Very simple.
If you have any questions or want to learn more about how i trade, leave me a message on here or on my instagram!
Have a great week.
Saxon
AUD/NZD: Correlations updatePart 2:
Here's the correlation chart for AUD/NZD. Interest rate differentials pretty much match the current spot price, so it's the Australian vs New Zealand stock market ratio that we're focusing on (blue line)
The chart shows a strong divergence between the exchange rate and the AU/NZ stock markets, which hints at the possibility of a stronger NZD in the coming period.
AUD/NZD: Is the bull run soon over?Hi traders,
here we have the AUDNZD pair, a pair that has been in a strong uptrend since mid March after China reported upbeat post-corona market reports and the RBNZ pointed at negative interest rates.
Now, the pair is trading at an important resistance level and at the upper resistance of a bearish wedge pattern. The pair formed an indecisive doji candlestick today.
Notice the bearish divergence on the 1-hour chart, which hints at weakness at least in the short-term.
Possible headwinds for the idea are recent economic reports from Australia, with the AUD getting a very high score from our CommaFX Economic Surprises Index.
Market positioning is bearish for both the AUD and NZD, but slightly more bearish for the NZD.
Cross-market correlations for the pair follow in the next post, so stay tuned.
AUDNZD Price in Triangle.closing above Trend line is a good long.
Volume looks good and can blast anytime if breakout is wonderful
AUDNZD-Entrys for sellThree Different levels/zones that I will watch for rejection for sells. Price had tested the monthly Resistance multiple times and rejected, then Price broke to the downside from the weekly trendline of support, retested that trendline and made a LL, then price created a double bottom on weekly tf, and has pushed back up to previous high. my bias remains short unless we break the monthly resistance. I will be watching for a rejection at weekly TL, psych/key level, and monthly TL.
WOL3.1 #93AUDNZD sell stop 1.06084
SL 1.07204
TP 1.03840
R= 112.0 pips
If price reaches 1.04968, move SL to 1.05860
AUD/NZD BULLISH AUD/NZD is currently dominated by the bulls, If it passes resistance level 1, we could see it going up to the next r.lvl 2 and pullback is expected seeing historical trends.
Long positions:
Entry: 1.07159
TP1: 1.08864
Short position
Entry: 1.06567
TP1: 1.05750 towards the support level 3 (I don't see it testing that level again)
Rating is currently buying, with a 0.60% volatility.
AUDNZD - Can we see 1.0500 ?If we zoom out to the higher timeframes, the monthly perspective is till quite bearish for me. However, on the weekly timeframe the price has been pushing up very aggressively for the past weeks.
The last 3 weeks of price action have shown some exhaustion with profit taking occurring at 1.07500 and 1.07000 key levels. I am cautious and aware that any short positions are still aggressive against the weekly bias. But the 4H and Daily timeframe indicate to me that price could now see a deep correction i.e in line with the monthly down trend.
Awaiting the PA to develop in to next week for any potential setups. Will update if anything occurs to me!
Have a good week
Don't miss the great sell opportunity in AUDNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.0665). 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 40.
Take Profits:
TP1= @ 1.0610
TP2= @ 1.0575
TP3= @ 1.0530
SL: Break Above R2
Don't miss the great sell opportunity in AUDNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.0665). 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 40.
Take Profits:
TP1= @ 1.0610
TP2= @ 1.0575
TP3= @ 1.0530
SL: Break Above R2
AUDCHF CHANNEL BREAKOUT Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the pair is in Ascending Channel and has currently tested its support level.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
AUDNZD Will price break below the trend line this time? 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!
