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Aud-nzd

A second Chance to Buy in AUDNZDMidterm forecast: While the price is above the support 1.0530, resumption of uptrend is expected. We make sure when the resistance at 1.0730 breaks. If the support at 1.0530 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 1.0530 is broken. Technical analysis: The ascending flag taking shape suggests we will soon see another leg higher. While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 1.0705 on 09/03/2019, so more losses to support(s) 1.0630, 1.0585, 1.0545 and minimum to Major Support (1.0530) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 63. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (1.0530). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT , you have a second chance to buy above the suggested support line (1.0530). Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Trade Setup: We opened 10 BUY trade(s) @ 1.0354 based on 'Hammer' entry method at 2019.08.06. Total Profit: 2525 pip Closed trade(s): 617 pip Profit Open trade(s): 1908 pip Profit Closed Profit: TP1 @ 1.0430 touched at 2019.08.07 with 76 pip Profit. TP2 @ 1.0490 touched at 2019.08.07 with 136 pip Profit. TP3 @ 1.0585 touched at 2019.08.21 with 231 pip Profit. TP4 @ 1.0660 touched at 2019.08.29 with 306 pip Profit. 76 + 136 + 231 + 306 = 617 pip Open Profit: Profit for one trade is 1.0672 (current price) - 1.0354 (open price) = 318 pip 6 trade(s) still open, therefore total profit for open trade(s) is 318 x 6 = 1908 pip All SLs moved to Break-even point. Take Profits: TP5= @ 1.0760 TP6= @ 1.0850 TP7= @ 1.0990 TP8= @ 1.1140 TP9= @ 1.1335 TP10= Free
Long
by ForecastCity
A second Chance to Buy in AUDNZDMidterm forecast: While the price is above the support 1.0530, resumption of uptrend is expected. We make sure when the resistance at 1.0730 breaks. If the support at 1.0530 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 1.0530 is broken. Technical analysis: While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 1.0705 on 09/03/2019, so more losses to support(s) 1.0630, 1.0585, 1.0545 and minimum to Major Support (1.0530) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 63. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (1.0530). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT , you have a second chance to buy above the suggested support line (1.0530). Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Trade Setup: We opened 10 BUY trade(s) @ 1.0354 based on 'Hammer' entry method at 2019.08.06. Total Profit: 2525 pip Closed trade(s): 617 pip Profit Open trade(s): 1908 pip Profit Closed Profit: TP1 @ 1.0430 touched at 2019.08.07 with 76 pip Profit. TP2 @ 1.0490 touched at 2019.08.07 with 136 pip Profit. TP3 @ 1.0585 touched at 2019.08.21 with 231 pip Profit. TP4 @ 1.0660 touched at 2019.08.29 with 306 pip Profit. 76 + 136 + 231 + 306 = 617 pip Open Profit: Profit for one trade is 1.0672 (current price) - 1.0354 (open price) = 318 pip 6 trade(s) still open, therefore total profit for open trade(s) is 318 x 6 = 1908 pip All SLs moved to Break-even point. Take Profits: TP5= @ 1.0760 TP6= @ 1.0850 TP7= @ 1.0990 TP8= @ 1.1140 TP9= @ 1.1335 TP10= Free
Long
by ForecastCity
AUDNZD setting up for next week.AUDNZD looks good but don't really like to take positions on Friday to hold for the weekend. What I am hoping to see next week is a possible bounce to create a right shoulder before breaking below the neckline. A nice uptrend that was displayed and we reached a big resistance/supply zone. You can see that the trend is beginning to exhaust and we are awaiting the first lower high. You can argue that once we broke 1.0680, we could have entered but I think the better probability for success is to see a pattern. A big flip zone below would be the 1.0540 zone.
Short
by Uncharted-FX
AUDNZD: The Overbought Market Is Good For TradingThe market looks overbought. RSI confirms the price reversal from 1.07000 resistance level. MACD histogram supports a possible downward movement, which is a breakout of absolutely logical in the current market conditions. MACD lines are going to the support sellers. It is possible to open short term sell trades using the lower timeframes with stop orders above the daily swing high. As a variant, it is possible to wait for a breakout below the uptrend line and open medium and long term trades. Stop orders also should be placed above the resistance level and the local swing high. Profit targets can be SMA100, SMA200, and support levels. The market has space for the downward movement. If you want to get additional signals confirming the downward movement, wait for the breakout below the uptrend line and ADX line, which should start falling. P.S. If you like my work, please support it by your likes and comments! Thank you!
Short
by DLavrov
AUDNZD - FOREX - 28. AUGU. 2019Welcome to our weekly trade setup ( AUDNZD )! - 1 HOUR Bullish pressure and price action on smaller timeframes. 4 HOUR Bullish waving market with a few pullbacks to the downside. DAILY Very bullish market structure found its resistance now and need a pullback to the downside. - FOREX SETUP SELL AUDNZD ENTRY @ 1.06280 SL @ 1.06640 (35 Pips) TP @ 1.05680 (60 Pips) RR: 1.70 Use 1%-2% risk per Position! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
11
AUD/NZD – Indicators are supporting the bullish move The AUD/NZD on the 4-hour time frame has been following an uptrend recently. The price broke above 1.06000 on 22 August. Bulls are pushing the price higher as key technical indicators are supporting the bullish trend. The price action in the AUD/NZD is mainly driven by the weakness in the NZ Dollar. As of writing, the price is hovering around 1.06060 with positive MACD and price above 200 period simple moving average. The 4-hour chart of the AUD/NZD confirms the positive sentiment in the price movement as the pair is making successively higher tops and higher bottoms. By applying Oscillators Analysis, all three indicators confirm the positive bias in the market. As the chart shows, price is above the 200-period Simple Moving Average. The MACD (Moving Average Convergence/Divergence) is recording values above the zero-line which shows positive sentiment in the AUD/NZD. RSI (Relative Strength Index) showing values above 50 which supports the bullish sentiment. In alternative scenario, key support level lies at 1.02667. Bears must break this level in order to regain bearish sentiment in the market.
Long
by FXTM
Long potential on AUDNZDPAIR IN FOCUS: AUDNZD ACTION: POTENTIAL LONG As we can observe, price has move in a downward channel for the past 3 months and has broken out of it with a strong bull candle the past week due to the RBNZ surprise rate cut of 0.5%. The wick of the bull candle which can be seen on the Daily and Weekly candles show rejection to the downside. Waiting for a good entry (retest of the downward channel) before entering into this trade. Entry zone, TP 1, TP 2 and SL have been indicated on the charting.
Long
by TraderMozo