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Aud-nzd

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
Don't miss the great buy opportunity in AUDNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.04517). 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 62. Take Profits: TP1= @ 1.0545 TP2= @ 1.0630 TP3= @ 1.0720 SL= Break below S2
Long
by ForecastCity
4
Don't miss the great buy opportunity in AUDNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.04517). 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 62. Take Profits: TP1= @ 1.0545 TP2= @ 1.0630 TP3= @ 1.0720 SL= Break below S2
Long
by ForecastCity
2
There is a trading opportunity to buy in AUDNZDMidterm forecast: While the price is above the support 1.0275, resumption of uptrend is expected. We make sure when the resistance at 1.0630 breaks. If the support at 1.0275 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 41. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.0360 to 1.0275). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.0360) Ending of entry zone (1.0275) 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 : Take Profits: TP1= @ 1.0430 TP2= @ 1.0490 TP3= @ 1.0585 TP4= @ 1.0660 TP5= @ 1.0760 TP6= @ 1.0850 TP7= @ 1.0990 TP8= @ 1.1140 TP9= @ 1.1335 TP10= Free
Long
by ForecastCity
2