AUDNZD:🔴Is it Bearish...?!🔴
Well, as you can see, the price took the liquidity and hit the important higher time frame resistant, so we expect a bearish move.
Also, we can see the price generated a lot of sell-side liquidity that can be defined as targets.
Now, the price has created a bearish FVG, we can enter a sell position in this zone, but as always we need LTF confirmation.
💡Wait for the update!
🗓️28/03/2024
🔎 DYOR
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AUDNZD
Strifor || NZDUSD-26/03/2024Preferred direction: BUY
Comment: Within frameworks this week, we've been following the buy-priority on the main currencies that compete with the US dollar . It can be assumed that the long-term outlook will most likely be positive for the American currency, but the medium term will most likely take place within the framework of a downward correction for this currency. One of the most promising currency pairs for long, today, is NZDUSD . Here, as expected, the instrument is aimed at updating the local maximum at the level of 0.61000 , in order to eliminate active market sellers who are increasing their positions in the market.
More likely scenario №1 says that the instrument will begin to grow as much as possible from current prices. Scenario №2 may be relevant against the backdrop of the publication of data that we are also expecting this week (data from the USA). On the way to this goal, buyers will have some problems at the level of 0.60713 , which has previously demonstrated itself as support, and at the moment as resistance.
Longer-term prospects are unlikely to be bright for buyers of this currency pair, and growth today is expected to be no higher than 0.61490 .
Additional comments on this trade will be provided as situation changes. Follow us!
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AUDNZD Technical Analysis and Trade IdeaThe AUDNZD demonstrates persistent bullish momentum with a robust upward trend visible on the daily timeframe. Consider a long entry upon a Fibonacci retracement, aiming for previous swing highs. Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
AUD/NZD next wave down(~500 pip)(3/26/2024)Hello Traders
it looks like AUD/NZD is starting a new wave dive down into 1.035.
The first correction wave A has been established then the price has made a horizontal triangle as wave B, by breaking down the horizontal triangle AUD/NZD has made a new wave down as C.
Our technical view has been shown in the chart.
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-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
More Momentum Ahead in NZD Forex Pairs?After scanning the FX crosses, I'm interested in pursuing trade setups on a few NZD crosses. The NZD crosses have had strong momentum. Until the weekly charts tell me this momentum is fading, I'm going to look to trade this strength.
Essentially I'm looking for trade setups to trade into the PWL/PWH (depending on the cross). I need to see H4 levels respected to then confirm looking for a strong M15 displacement shift to base an entry from.
AUDNZD - Potential buy from trendline ✅Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I wait price to continue the retracement and my point of interest for a long is if price rejects from trendline + S/R level.
Fundamental news: Next week on Wednesday we have news on AUD, will be released yearly CPI, which has high impact on currency.
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AUDNZD: Overbought Market & Pullback 🇦🇺🇳🇿
AUDNZD may finally start a correctional movement,
after a test of a key daily horizontal resistance.
I see a double top formation on a 4H time frame as
an intraday confirmation.
I expect a retracement at least to 1.0835
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Strifor || AUDUSD-Mid-term viewPreferred direction: BUY
Comment: As expected earlier, the US dollar has strengthened against all major competitors, and the AUDUSD currency pair is at the top of this list. The main trigger for the fall was the RBA meeting. However, we previously noted that for this instrument a setup was formed for at least a downward correction. It should be noted that the long-term prospects are not so rosy for buyers, although we expect growth in the medium term. This potential movement is considered towards the level of 0.66000 and no higher.
For this long-deal, we highlight two scenarios , as always, and both are indicated on the chart. Most likely, in the short term, the major currencies will decline, including the AUD .
Additional comments on this trade will be provided as situation changes. Follow us!
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AUD-NZD Resistance Ahead! Sell!
Hello,Traders!
AUD-NZD is trading in an
Uptrend and the pair is
Locally overbought so
After the retest of the
Horizontal Resistance of 1.0834
We are likely to see
A local bearish correction
Sell!
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AUDNZD Is Going Down! Sell!
Here is our detailed technical review for AUDNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.077.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.073 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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AUDNZD - Opportunity for a long ✅Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to continue the retracement to fill the imbalance and then to reject from bullish order block + trendline.
Fundamental news: Upcoming week we have news with high impact on AUD, we will see results of Interest Rate on Tuesday.
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AUDNZD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
AUDNZD Long TradeMARKET PHASE
OANDA:AUDNZD is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure swing lows. Price violently moved down to trigger the sell stops (liquidity) to pair against the buy orders needed to take price up. Price has now started it’s initial move up but due to the velocity of the upward move, it's gapped orders around 1.07524. Price is now retracing back to this level to meet the demand as we expected. Once price reaches this level, we can expect a strong push upwards in the direction of the larger trend.
TRADE
I will be entering long on OANDA:AUDNZD with the following parameters:
Buy Limit: 1.07524
Stop Loss: 1.07344
Take Profit: 1.07884
Strifor || AUDUSD-13/03/2024Preferred direction: Neutral
Comment: After the US CPI data, the US currency strengthened, as a result of which a number of our trading ideas were successfully closed with profit. At the moment, the medium-term outlook remains in favor of the US dollar, but in the short term the main competitors of the US dollar are likely to strengthen. Thus, for the AUDUSD currency pair there is a high probability of movement according to scenario №2 . Therefore, it is best to fix most of the volume in the trade according to scenario №1 , which we previously published, and transfer this trade to breakeven.
The probability of a crossover is very high, since at this high there is a large accumulation of stop losses of sellers. This will also allow the market to accumulate buyers before falling.
Additional comments on this trade will be provided as situation changes. Follow us!
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