AUDNZD -- reversing (long term trend)AUDNZD is trying to reverse it's long term trend and may target back peak at 1.11.
Bounces off support / order block level.
Spotted at 1.7624
SL at 1.69
TAYOR.
Aud-nzd
Generally down,bias to short ANAN will be generally down trend on daily.
h4 bouncing in range, either we will see a breakdown from 1.07 or returning back to range.see what fits your strategy and trade accordingly...
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Levels discussed during the webinar 21st March21st March (might not be alot of trading opportunities)
DXY consolidating possible breakout down to 103
NZDUSD: too late, no trade
AUDUSD: buy above 0.67 SL 20 TP 20 (small trade)
USDJPY: break 131.50 SL 40 TP 80
GBPUSD: retrace down to 1.22
EURUSD: likely to up to 1.0760 but not great RR trade
USDCHF: sell below 0.9280 SL 20 TP 40
USDCAD: watch video for the setup with upside & downside potential
GBPJPY: buy from bounce of support 159.00 SL 50 TP 300
GOLD: retest of support, look for buying potential
AUDNZD | could be a good trade towards the downsideHey Traders!
Most timeframes very bearish, we are on a strong support level on the monthly, but we don't know when that will engage or if it will find buying pressure, weekly timeframe broke 200 moving averages does suggest a bearish trend continuation, all other price action also looks bearish.
AUDNZD BUY Short Term Hi All,
we are looking at opening a short term buy on this pair as we are anticipating the pair to create a HH on the W1 timeframe. narrowing it down to 4H we can see that price is now forming and inverse H&S, where we are buying the head.
The short term plan is to buy till Aug at least at reasonable price.
Please ensure you look at for trade update when you following this analysis.
Entry , Sl and TP marked.
Many thanks.
AUDNZDHi;
AUDNZD
In the daily time frame, the movement is quite clear. Selling pressure can also be detected in lower time frames, and according to the rapid downward wave that has been created recently, the probability of exiting this correction, which is similar to the flag pattern, will be very high.
Watching AUD/NZD for Clear MovementsWe may witness sideways movements of the AUD/NZD pair within the range of 1.08962 and 1.08584, and it could potentially form a reversal pattern such as double tops or head and shoulders before continuing downward towards the level of 1.0800. If the level of 1.08500 is breached downwards, the price could reach there quickly. Conversely, if the price breaks above the level of 1.09070, it could completely reverse upwards. We will monitor the behavior of this pair this week and try to benefit from any clear movement.
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AUDNZDHi
AUDNZD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
AUDNZD BUY Short Term Hi All,
For this week Trading we are looking at going long on AUDNZD using the D1 and H4 Timeframe, we can see double bottom on D1, and HL formation to retest the previous HH.
Entry, Sl and TP marked.
Follow, Like and comment.
AUDUSD Short Term Sell Forecast
Hello Traders:
First forecast/analysis to share after the long break.
What I see here is a possible short term bearish move from AUDUSD.
We can see on the higher time frame, price has reversed from a double tops price action.
An ascending channel structure, as we know is reversal in nature, hence after the structure completes,
we see price begin to impulsely move down.
This is a good indication for further downside opportunity.
As usual, dont rush to enter, watch for confirmation for the continuation correction to form and complete, before entering the market.
thank you
Jojo
AUDNZD | I BELIEVE IT COULD BE A GOOD SHORTHey Traders!
This pair shows strong bearish market moves. On the weekly chart, the price is moving between the MAs, and it has broken out of the daily channel. On the 4-hour time frame, we can see that the price formed a bearish engulfing candlestick and broke past all of the moving averages, including MA 200. This is a great confirmation from a higher time frame that the price could continue to fall. Now, we have a possible HTF re-test zone that is approximately 35 and 40 pips away. At night, however, we will get news regarding AUD GDP, which will definitely affect our trade.
Bullish Trade Setup On AUDNZDThe AUDNZD has been ravaging inside the bullish channel.
The current touch of the lower band of the channel makes it the second time that will be happening since the 18th of Jan.
I will be expecting the price to break the structure and commence a new ride to the upside.
This might be worth your while.
AUDNZD BUY - If bullish engulfing candlestick closeHey Traders!
Everything is trending up nicely, a rejection to the moving averages and not forming a bullish engulfing candlestick, if this manages to close bullish then we can definitely enter trade long to re-test top level, if broken then it should head much further.
I like the idea, just wait for closure before entry:)
AUDNZD:Couple of Scenarios ahead of today's Economic CalendarHey traders, above is a quick video in which we analyze AUDNZD technically and fundamentally ahead of today's RBNZ meeting. i would watch the zone of 1.099 which combine a strong supply and demand zone with a strong uptrend. our eyes will be in today's official rate from the Reserve Bank of New Zealand. if they hike rates as the market is pricing we can probably hit more highs on AUDNZD. otherwise if RBNZ surprise us with a larger rate hike we will more likely have the second Scenario.
don't forget to ask us your questions in the comment section.
Joe.
AUDNZD:Targeting more highs ahead of next week RBNZ meetingthe Reserve Bank of New Zealand are already on the path of slowing down, if they confirm that on Tuesday we think that AUDNZD will easily achieve more highs. in the coming week we will be monitoring AUDNZD for a buying opportunity around 1.099 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
AUD/NZD holds support ahead of AU and NZ dataTechnically, AUD/NZD looks ripe for another leg higher as it is holding above trend support and the 100-bar EMA. A break above the weekly pivot point could confirm such a breakout and resumption of its trend and bring the weekly R1 / recent highs, with 1.10 also making an interim target along the way.
However, keep in mind that data from AU and NZ between 11:30 AEDT and 12:00 could make or break this trend. Ideally, we’d need to see strong AU household spending, an okay (or better) business sentiment report alongside lower NZ inflation forecasts for this to simply break higher.
For now, the bias is for a break above the weekly pivot whilst prices remain above yesterday's low. A downside break of the trendline suggests a deeper pullback is underway.
AUDNZD AUDNZD
Another day, another great opportunity for us trades to take advantage of. AUDNZD We are at key resistance when it comes to higher time frame including daily and weekly.
We could say we are within the channel for now but if we break below 50 EMA & of trendline support expect 1.09170 areas to be target areas. However, if we break the highs of 1.09865 then I expect we retest the highs again.
There are really clear levels in this, you could call this bear flag but let's wait and see!
Don't forget ...It is a Friday!
Trade Journal
AUDNZD on an ascending triangle 🦐An ascending triangle pattern in the AUD/NZD currency pair on a 4-hour chart suggests that the market sentiment is bullish, with the price creating higher lows while being contained by a horizontal resistance. This pattern can be considered a continuation pattern, implying that the upward trend may continue if the resistance is successfully broken.
In this scenario, a long order could be considered according to the Plancton's strategy rules if the price breaks above the resistance level, signaling a potential uptrend.
An ascending triangle is a technical chart pattern that occurs in an uptrending market and is considered a bullish continuation pattern. It is characterized by a flat upper resistance level and a series of higher lows that form a diagonal support line.
The pattern forms when buyers attempt to push the price higher but are met with resistance from sellers, causing the price to consolidate at the same level. As time passes, the support line moves higher, reflecting an increasing willingness among buyers to pay higher prices for the asset. If the price breaks above the flat resistance level, it can be considered a signal of continued bullish sentiment and a potential uptrend.
AUDNZD It’s been a while! Took some time away to practice. Looks like we broke out of a recent downtrend. I counted a potential impulsive wave on the breakout and am now looking for a retracement to the wave 4 low anywhere between 38-61% or more if possible. Price may be in a consolidation phase at a recent high. Could recent bullish momentum exhaust soon?
AUDNZD:Almost breaking out an important level after RBA meetingHey Traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.096 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
AUD/NZD pulls back to key support zone for swing trade longWe’ve been waiting for AUD/NZD to retrace from its cycle high to reconsider longs, and it has now once again piqued our interest. Prices found support at the 200-day EMA yesterday, with the 38.2% Fibonacci retracement holding today’s low nearby.
Whilst RSI (2) is not quite overbought, it is not far from it which suggests we could be approaching a cycle low. It is also trading lower for a fourth consecutive day to also suggest mean reversion (higher) may not be too far away.
Should we see evidence of a swing low on the 1 or 4-hour chart, we’d be tempted to scale in to a long with a stop beneath either the bullish trendline or 50% retracement level.
We could then tighten our stop and add to the long position if the momentum begins to turn higher on the daily chart.
1.1000 is the initial target near last week’s high, with the potential for a move to 1.1045
AUDNZD:A strong uptrend targeting more fresh highs?Hey Traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.087 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
AUDNZD - Strong Resistance Ahead!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
AUDNZD is approaching a resistance zone so we will be looking for sell setups on lower timeframes.
on H4: Right Chart
AUDNZD is approaching the upper trendline of the rising channel in red.
As price approaches the purple zone, as per my trading plan, I will be looking for potential bearish reversal setups on lower timeframes.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
