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Aud-nzd

AUDNZD - Wait for rejectionGood night everyone, Audnzd is being on a strong buying rally from 1.03 level As we can see on weekly chart (left) AUDNZD broke the uptrend tested multiple times and now it re-testing it, it may work as resistance. On the daily chart (right) we can see price is now struggling on our 200 sma , should the price close under 200sma then we might have a good opportunity to short aiming 1.059 and 1.045 levels, RSI is already overbought. Watch out since this wednesday we have variation in employment numbers (sorry if this is not the proper translation) and this number reveal the strenght (or weakness) from australian market. Good trades everyone . This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Short
by MarcelMartins
Aussie Kiwi Pullback!In the 4 hour chart we can see it has reached to the recent high located at 1.06250, now it should go back to complete the pullback forming the first set of higher highs/ higher lows. The center line where the arrow points is a good level of past resistance where this time it could covert to a support. Also a 50% Fibonacci level, placed at 1.04500. It is clear that the pair is searching to form a new bullish trend, this pullback can be taken with a couple trades and go back to trend following.
Short
by ryangreider
AUDNZD - Perfect Cypher PatternThe blue box criteria: - An orange support line which now becomes resistance - Round number 1.06000 - A perfect Cypher pattern - Lower timeframes RSI Divergence There is also a possible breakout trade opportunity, wait for a counter trendline break, at least 1H candle close, perfect would be 4H candle close below the counter trendline: Please, take a second and support my idea post by hitting the "LIKE", it is my only fee from You! Have a nice day, Best regards! *This information is not a recommendation to buy or sell, it is used for educational purposes only!
Short
by VaidoVeek
8
AUDNZD Bullish Wedge, Part 3, Target Reached!Time to take profit and not wait for the exact end of it. Always okay to leave a small part, like 20/30% with a tight trail stop (something i usually do), with a target around that yellow circle. Now its time for the second part of this long term play. I will probably not touch if for a few weeks now and want to see it follow that blue line on the left. There i will most likely start to build up a long position again. Only if i see a perfect pattern, i might short it to the low of that blue line. Just look at how perfectly that bull flag from the previous analysis played out :). Previous analysis:
by botje11
6
AUDNZD - Market OverviewThe 1st downtrend line was broken, and the price could reach the main resistance zone. It is formed by another downtrend line, 1.04500 resistance level, and SMA50. The market must have solid reasons for breaking this strong resistance. But if it can be done, there will be SMA100 which also act as a strong resistance line. It looks like the downward movement will be more simple. If there are signals from indicators confirming the price reversal, it will be possible to open short trades with stop orders above the local swing high and profit targets at the lower support levels. Short trades can be opened based on the daily and hourly timeframes. RSI is going to confirm the price reversal, but this signal will be out of the overbought zone. As a result, it won't be so strong as it could be. MACD still support the bullish movement. DMI is bullish, but ADX line falls telling us that buyers become weaker. IF the price tries to move upward, it will be possible to get a false breakout.
by DLavrov
AUDNZD SET TO RALLY 1600 PIPS IN THE NEXT FEW MONTHSHi Traders, The AUDNZD set to make a bullish impulsive move in wave (C) of a weekly zigzag pattern. . The weekly chart () of AUDNZD shows that the decline from March 2011 - April 2015 was a textbook five-wave impulse which supposed to followed by a three-wave correction according to Elliot Wave theory. . Since April 2015 low, prices had completed a five-wave impulse in (A), a double zigzag in wave (B) and prices are in wave (C) of the supposed three-wave corrective structure. . Not only that Elliot wave confirm the completion of wave (B), weekly price action also closed as a bullish engulfing bar from a key support level. . Working down to the H4 timeframe, we can also see that prices have broken out of a descending wedge and resistance level in wave (i). Once the wave (i) is completed, we will look for a three-wave correction in wave (ii) to position ourselves in the emerging bullish trend. . The overall target for this move is around 50.0% retracement of the decline which lined up with the level where wave (A) equals wave (B). . I wish you all a fantastic start to Q2. Veejahbee.
Long
by Veejahbee
AUDNZD Bullish Wedge, Part 2An update on this mid-term analysis on AUDNZD and the bullish wedge. As we can see, it took more time and a slightly bigger drop to complete the wedge. Yesterday the NZD took a hit because of FA news, that is the reason why this big squeeze up has happened. This could be and should be the start of a bigger rally coming weeks. I see 2 options now which can be seen on the right: 1) Making a bull flag and staying inside of that range 2) Seeing the flag fail and making a bigger correction to make a higher low and re testing the wedge as support. Previous analysis:
Long
by botje11
6
AUDNZD - Short Term Sell OpportunityThe price reached a resistance zone between 1.03300 - 1.03400 levels and SMA200. We should be ready to get a reversal signal which can be used for opening short term sell positions. RSI is in the overbought zone and it's going to confirm the price reversal. MACD histogram supports the possible downward movement. It allows us to place pending orders for sell below the low of the local candles. Stop orders must be placed above SMA200. Profit targets are at the support levels. If the price can move above 1.34000 level, we will have to search for new trading opportunities.
Short
by DLavrov
1
AUDNZD 1:5 Risk Reward (Long term outlook)My view of how AUDNZD could play out this year. Even though highly correlated, if China's trade deal with America continues to soften and Chinese investors/ businesses pick up the pace again we'll see another influx of demand for Australian Commodities which are the major component in many Chinese Businesses. The entry level is placed on the large wick. This is because MAJORITY of retail traders will be looking to place their stops here. The market is likely to go against their view and break the stops as 90% fail. However, this technical level would require support from fundamentals in favor of AUD and COT positions leaning towards a buy for AUD futures.
Long
by Eren_Jaeger_Trader
AUDNZD Approaching Support, Prepare For A BounceAUDNZD is approaching its support at 1.02931(horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where it could potentially bounce to its resistance at 1.0376 (23.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Klimex