Aud-nzd
AUDNZD Ready for a short term pullbackAUDNZD has been declining for couple of days and is ready for an intra-day pullback before the major trend continues. Analysis is based on my currency pair analysis. I expect the pair to fall to 1.04438 where I will enter the trade with initial profit target at 1.04794; 2nd target is at 1.04948. Stop loss is few pips below 1.04369.
Any questions? Please let me know.
AUDNZD - FOREX - 20. JUNE. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
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1 HOUR
Strong bearish breakout and price action.
4 HOUR
Bearish waving market structure with several lh / ll.
DAILY
50% Pullback of previous bullish x-a wave, expecting some bullish pressure now!
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FOREX SETUP
BUY AUDNZD
ENTRY @ 1.04880
SL @ 1.04560 (30 Pips)
TP @ 1.05440 (55 Pips)
RR: 1.70
Use normal Risk (1% per Position)
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
AUDNZD approaching reistance, potential drop! Price is approaching our first resistance (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% fibonacci extension) where a strong drop to our support (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUD/NZD fundamental outlookAUD is now fundamentally weaker currency after the recent RBA rate cut, dovish bias and the latest weak GDP print. The odds are now in favour of another rate cut in 2019.
On the other hand, NZD is supported and currently not in the footsteps of their bigger western brother. The equities continue to be in favour of kiwi and the NZ economy is doing good.
There is a policy divergence forming in our favour too.
AUSSIE ON A ROLL WITH THE KIWIBONUS: AUD/NZD
As most of you know the Aussie Kiwi is classified as the "traders favourites" this is due to its simplicity low turmoil and fundamentals and high volatility for daily gains.
Currently we are having a bullish flag and we will be seeing bullish movement this week on market open we get a setup for a buy.
"Trade Idea Fully Explained" AUD/NZD by ThinkingAntsOkTRADE IDEA ON AUDNZD
Before explaining the trade we will see the context of this instrument on the Weekly chart:
On the Weekly chart, the main items we can see are:
a)Price broke out from an ABCDE Triangle formation ( Triangles are continuation patterns in this context)
b)After the breakout price tried several times to re-enter to the triangle area without success, we can consider this as a weakness of the demand over the supply.
c) If we consider the Possible targets after a triangle structure of this size is broken, the downside move is huge, so we are going to try taking advantage of this situation on the 4hs chart.
On the 4hs chart, the main items are:
a)Currently, price is on an ascending movement, we don't know exactly where is gonna be the reversal zone but we have 2 different possibilities explained on the chart
b)If the reversal happens, consider to look an entry below the support zone and look for the ascending trendline of the corrective structure as a Take profit zone
c)Remember is really important to set your stop loss correctly and maintain a good risk-reward Ratio, we will update the post if the price goes as expected
*Please note that the above perspective is our view on the market, We do not give signals and take no responsibility for your trades.
audnzd Approaching Support, Prepare For A Bounce
audnzd is approaching its support at 1.052 (100% Fibonacci extension,61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.057 (23.6% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
AUDNZD - SWING - 08. MAY. 2019WELCOME TO DACAPITAL-TRADING!
AUDNZD FOREX BREAKDOWN 08 MAY 2019
1 HOUR
Strong H4 Candle Takeout and sellers stopout expecting some strong downside movement!
4 HOUR
Bullish market turning into bearish waves now, following the next move.
DAILY
Good short entrys with a good risk reward ratio.
SWING SETUP
SELL AUDNZD
ENTRY @ 1.06520
SL @ 1.07340
TP @ 1.04620
RR: 2.30
(Use normal Risk!)
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