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Aud-nzd

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
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