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Aud-nzd

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
AUDNZD approaching resistance, potential drop! AUDNZD is approaching our first resistance at 1.0370 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level to our major support at 1.0341 (38.2% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
2
AUDNZD Approaching Resistance, Prepare For A Reversal AUDNZD is approaching its resistance at 1.0360(61.8%Fibonacci extension, horizontal pullback resistance, 61.8% Fibonacci retracement) where it is expected to reverse down to its support at 1.0335 ( 38.2% Fibonacci retracement,horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Klimex
AUDNZD Approaching Resistance, Prepare For A Reversal AUDNZD is approaching its resistance at 1.0361(61.8%Fibonacci extension, horizontal overlap resistance, 38.2% Fibonacci retracement ) where it is expected to reverse down to its support at 1.0323 ( 50% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance where a corresponding reversal is expected. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Klimex
AUDNZD - too much oversold and sitting on support level. Good evening everyone, As we can see AUDNZD is oversold on every timeframe and now its forming bullish rsi divergences. If we look at weekly timeframe we see the price is now sitting at a huge support level. The price is not only oversold but too far away from our 50 EMA weekly and daily and therefore it might pullback to them before the sell off goes on. Now, i'd not even think entering long before a break and close above 1h 50ema. Potencial targets are 1.04 . 1.045 and an extended target is 1.06 Any s.l has to be under our current bottom ~1.031 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.
Long
by MarcelMartins
Chaos looms: meltdown in sight. Mario Draghi made an honest assessment of the Eurozone today, which wasn't rosey. The big money wasn't happy with this. Stock markets and Forex around the world were thrown into some degree of chaos. All stock indices were affected - proving once and for all - that we are all part of a global economic system. What happens in the Eurozone or in America, simply does not just stay in those regions. In this screencast, I show where I've suffered in holding to my confidence in the indicators, from that important technical perspective. And now I'm in a no-loss position. If the market moves south, I shall follow - no need for targets or price levels. The markets show me entry points and decide exit points. Just to be clear - hope and luck are not part of my equation.
OANDA:US30USDShort
by Captain_Walker