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 .
Aud-nzd
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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AUDNZD approaching resistance, potential drop! AUDNZD is approaching our first resistance at 1.0475 (horizontal pullback resistance, 61.8%, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.0423 (50% Fibonacci retracement).
Stochastic (34,5,3) 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.
AUDNZD Reversed Off Resistance, Prepare For Further DropAUDNZD reversed off its resistance at 1.0414 (100% Fibonacci extension ,61.8% Fibonacci retracement , horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 1.0370 (61.8% Fiboancci retracement, horizontal swing low support).
Ichimoku cloud is also showing a bearish cloud where a corresponding drop 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, potential drop!AUDNZD is approaching our first resistance at 1.0411 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback resistance) where we might see a drop in price to our first support at 1.0376 (61.8% Fibonacci retracement ,horizontal swing low support ).
Ichimoku cloud is showing bearish cloud and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
RBNZ & RBABy Andria Pichidi - February 13, 2019
RBNZ held the official cash rate at 1.75%, matching widespread expectations. RBNZ reiterated its pledge to keep the rate at the current level through 2019 and 2020. "The direction of our next OCR move could be up or down", they repeated.
The statement for keeping rates low, for longer than what has been stated so far, along with the statement that OCR could move either way, came in contrast with the highly dovish stance that markets anticipated. This explains Kiwi's spike, with NZDUSD jumping to 0.6851 from 0.6730 ahead of the announcement and during the conference session.
RBNZ seems to be following a similar policy path to the RBA. Last week, RBA announced steady rates at 1.50%, whilst its statement was consistent with no change in the current rate setting through 2019. Overall, the RBA maintained its view that inflation will eventually pick up, although it will take a bit longer than anticipated. Given the Fed's dovish shift, the risk was for the RBA to take a decidedly dovish turn, which Lowe and company did not.
Despite the similarity between RBNZ and RBA, New Zealand continues to present an overall fair to middling economy with prospects of any kind of policy changes, as the labour market strengthens and inflation is nearly at the mid of the 1-3% target.
This comes in contrast to the Australian economy, which looks erratic given sharp property price declines, despite the "strong" labour market.
Furthermore, Aussie's future performance depends greatly on how the Chinese economy evolves, given the strong symbiotic link the Australian economy has with China's. Markets remain in a cautious state due to the current US-China trade talks, which presents binary risk for the Aussie given China's outsized demand for Australian exports.
AUD has been trending lower over most of the last year, having declined about 12-13% over this period, largely as a consequence of the eruption of the US-China trade war. On the other hand, Kiwi's future performance is not highly linked to China since the NZ economy is not as exposed to a Chinese slowdown as Australia.
Consequently, despite the common policy stance between New Zealand and Australia, all the above arguments suggest that NZD is likely to remain stable in comparison to AUD, something that could give AUDNZD a downleg until it gradually breaches a possible parity.
Levels to be watched, starting from immediate to long term Support levels are : 1.0395, 1.0370, 1.0320, 1.0235. Resistances come at 1.055, 1.0667 and 1.0712.
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AUDNZD Testing Resistance, Prepare For ReversalAudnzd is testing its resistance at 1.0539 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance) where a reversal to its support at 1.0454 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing low support) is expected.
Stochastic (89, 5, 3) has reversed off its resistance where a corresponding drop 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, Potential ReversalAUDNZD is approaching its resistance at 1.0535 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it may reverse down to its support at 1.0470 (100% Fibonacci extension, 50% Fibonacci retracement, Horizontal swing low support)
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.
AUDNZD ShortThe sentiment of AUDNZD currency pair is DOWN SWING. Recent swing is moving DOWN from upper band to middle band. The previous swing of AUDNZD currency pair was UP and had no volatility movement, so demand is decreasing. As market direction the sentiment has turned to negative while the selling pressure overcomes the buying pressure.
The execution of selling price at 1.05013.
The first price target is estimated 100.0% at 1.04899.
The second price target is estimated 200.0% at 1.04785.
The escaping of price is estimated 100% at 1.05127.
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AUDNZD approaching resistance, potential drop! AUDNZD is approaching our first resistance at 1.0532 Horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 1.0452 (61.8% fibonacci retracement, 61.8% fibonacci extension).
RSI (34) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDNZD BULLISH FORECAST - COMPLETION OF THE TRIANGLE PATTERNHi traders,
The AUDNZD made a bullish rejection candle at a double bottom level on a weekly support zone.
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This pair is currently building a major Elliot Wave triangle corrective pattern after a major five-wave bearish impulsive move.
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According to Elliot Wave principle, a triangle consists of 5 corrective waves (ABCDE). AUDNZD has already completed the wave ABCD, and the price is about to start building wave E which has the potential to move up towards the Triangle resistance as projected on the chart.
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We will wait for the price to break above the blue descending trendline that lined up with resistance level and then look for a bullish corrective pattern to take advantage of the impulsive move.
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What's your thought on AUDNZD? Let me know in the comment.
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Thanks for reading!
Veejahbee.
AUDNZD approaching resistance, potential drop! AUDNZD is approaching our first resistance at 1.0534 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.0508 (horizontal pullback support, 38.2% Fibonacci retracement).
Stochastic (34,5,3) 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.