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
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-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.
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!
#Analisa AUDNZD Naik#Analisa AUDNZD Naik
Selengkapnya bisa dilihat pada chart
Jangan lupa untuk share ke rekan traders yang lain untuk saling berbagi analisa dan pandangan terhadap pasar.
Tradevelling
Trading jalan, kita jalan jalan
Disclaimer tanggung jawab di serahkan kepada masing masing individu
_____________________________________________________________________
AUDNZD Sell SignalPattern: Channel Down since late 2017.
Signal: Bearish as 1) the price was rejected on the Lower High trend-line of the pattern, 2) the MACD made a bearish cross, 3) the rejection took place around the 0.786 Fibonacci.
Target: 1.0200 and 1.000 if you want to take higher risk.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Previous AUDNZD signal:
AUDNZD IN ASCENDING CHANNELHello 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 currently in ascending channel so one can wait for the breakout.
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
Don't miss the great sell opportunity in AUDNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.067). 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 25.
Take Profits:
TP1= @ 1.0602
TP2= @ 1.0570
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 (1.067). 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 25.
Take Profits:
TP1= @ 1.0602
TP2= @ 1.0570
TP3= @ 1.0530
SL: Break Above R2