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Aud-nzd

AUDNZD approaching resistance, potential drop!AUDNZD is approaching our first resistance at 1.0678 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 1.0538 (horizontal overlap support). 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.
Short
by Tickmill
GBPNZD - 2000 pip trade Holy 2,000+ pip trade batman The GBPNZD pair has a massive upswing potential, with little risk. And I’m just talking about a move to the center of the linear regression channel. 1. The weekly chart shows two hammer candles – with the current week showing strong buying from the lows. Massive buying actually – firm rejection lower so far. 2. The Chikou Span/Lagging Span is right near the bottom of the cloud – the probabilities of the Chikou Span just crossing below the bottom of the cloud on a weekly chart is very little, especially given that we’ve had 10 weeks down without any meaningful retracement. 3. YUGE bullish divergence that goes from July of 2017 to the present weekly low. It’s ridiculous. This could be one of the biggest trades I’ve ever made – and the realistic target is 2,000 pips above and the risk is only 275 – I’ll take those odds. And it's very probable we trade higher than the center of the regression channel.
Long
by itsjustanalysis
3
AUD/NZD Short OppurtintiyPossible short opportunity coming up on AUD/NZD. - Please take the trade under your own diligence. -------------------------------------------------------------------------------------------------------------------------------------------------------- Confirmations 1. Broke through long term trend line indicating strong bearish momentum. Looks as if it may retest around this zone. 2. Where price is currently rejecting may be a zone of minor support. 3. 50 moving average indicates an upcoming bearish movement. 4. Bearish Macd divergence
Short
by HussainChoudhury