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.
Aud-nzd
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.
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.
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.
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.
AUDNZD Short idea (flag pattern)Following the downtrend, we can say we see a 'clear' short opportunity by looking at the flag pattern, which is a continuation pattern. The price could also reach a 50% or 61.8% level from the fibonacci and combining it with the support/resistance zone, and the possible retest to the 50 EMA, it could be a potential trade.
AUDNZD new 2019 low, more room to the downsideThis morning's Australian GDP report caused a sell-off in the Aussie as investors assess the likelihood of an RBA rate cut. GDP growth came in 0.2% q/q vs 0.5% expected.
From a technical standpoint, the AUD/NZD pair has formed a valid sell setup which is now confirmed by a fresh 2019 low. The SHS pattern has been triggered, a pullback is completed and there seems to be more downside potential in the pair.
Aud/Nzd Buy Limit Hi All ,
My Buy Limit for the week . Aud/nzd.
As you know last week we sold this pair hard . Trend is still bearish . So we wait to psychological point of entry as shown on the chart . We will have to monitor the buy limit and check candle stick pattterns and other formation to see if i needed to amend entry or cancel the order.
We keep you posted .
Aud/nzd Long Hi All,
Price rejection and more downtrend momentum , 0.039023 is holding . So i have open a buy position with the previous high as my first target .
Already +5pips
As you can see bullish trend is building .
Please note , if price is rejected at 1.04200 , Then we are back down to 1.037000 .
AUDNZD: 1:4 Risk Reward LONGAUD Fundamentals:
- "International Monetary Fund shows that Australia's economy is 'robust and resilient'."
- Australia's economy, solid infrastructure and labour market, warnings about the downturn in the housing sector and stagnant wage growth
- Quant score +20
NZDFundamentals:
- Quant score -14
- "The Reserve Bank of New Zealand is braced for strong opposition from Australia's big four banks to its $8 billion capital call that it says will eliminate an unfair advantage between lenders." - Financial Review
- New Zealand starting to introduce capital gains tax, could potentially cause business leaders profitability to drop and in doing so reducing spending in areas such as employment, consumption and premium goods. Which all directly impact GDP.
Technicals:
- 4HR Buy zone
- 4HR Morning star earlier this month
- 4HR Bullisj engulfing candle confirmation
Feel free to message me if you want to access the quant scores!
AUDNZD - WEEKLY SWING - 25. FEB. 2019WELCOME TO DACAPITAL-TRADING!
AUDNZD FOREX BREAKDOWN 25 FEBRUARY 2019
1 HOUR
Bearish movement into our long entry!
4 HOUR
Overall sideways moving market right now with strong pushes!
DAILY
Bearish market needs a pullback to the upside now!
LEVELS
BUY AUDNZD
ENTRY @ 1.04150
SL @ 1.03740 (40 Pips)
TP @ 1.04750 (60 Pips)
RR: 1.50, use normal risk!
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