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.
Like, comment and subscribe to be in touch with my content!
AUDNZD
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!
Thank you for like and share your views!
AUDNZD,🔴Sell Opportunity🔴
As you can see, the price took the liquidity that formed as a high in Daily FVG, had a bearish reaction, and shifted the market structure.
Now the price trades inside the bearish order block that we expect to push the price lower.
We need the LTF confirmation for entry.
💡Wait for the update!
🗓️13/03/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
AUDNZD Will Collapse! SELL!
My dear friends,
AUDNZD looks like it will make a good move, and here are the details:
The market is trading on 1.0734 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.0703
Recommended Stop Loss - 1.0749
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
SHORT AUD/NZD from 1.0704This pair appear to have peaked at 1.0746 which is inside a band of historical resistance.
We've seen the price push through the 25, 50 and 100 EMA's on H1 and we're also under the WPP mid pivot which has failed to halt the BEARS.
Key level now is the 200 EMA 1.0693 200 EMA which will most likely offer stern support for AUD/NZD BULLS and though I can envisage some sideways price action when (if) the price makes its way down there, othr indicators suggest this may not bne enough to stop the price ehasding to the WS1 pivot at 1.0667 which is the target price.
Other indications that the BEARS have assumed control of this market are the RSI which has been steadily declining since last Friday afternoon and MACD which has both fast and slow MA periods negative.
The red SELL line of the Andean Oscillator crossed the gree BUY line on Friday and early this morning the red SELL line crossed the signal line - all signs that this is now a BEAR market.
We've aso got a SELL signal on the Pivot Point SuperTrend so everything suggests we should be headed lower and in the absence of any significant or scheduled news we may well see this pair drift south over the next 24 hours.
STOP is at 1.0720 so this is a risk of just 16 pips and the target as mentioned is at 1.0667 which is WS1.
The STOP is HARD meaning it will not be adjusted. The TP is soft and we'd have to see how much BEARISH momentum is left if the price does indeed make its way down to the pivot.
AUDNZD - Symmetrical TriangleLooking at the Higher Time Frame we can see that the price has formed a Symmetrical triangle with a Fake Breakout in a form of a Double Bottom which indicates that the price wants to move (much) higher from current levels.
Im looking for BUYING opportunities on a lower time frame.
AUD/NZD Rebounds from Support Following RBA Policy DecisionThe AUD/NZD cross recently found support around the 1.0600 area after the Reserve Bank of Australia (RBA) announced its policy decision, sparking a reversal of previous losses. Currently trading near the 1.0640 region within a range-bound area, traders may consider long positions at discounted prices.
The Australian Dollar (AUD) exhibited strength across multiple fronts following the RBA's decision to maintain the Official Cash Rate and uphold a hawkish stance. The central bank emphasized the need for confidence in inflation sustainability towards the target range. In its policy statement, the RBA acknowledged easing inflation in the December quarter, albeit remaining high at 4.1%. Notably, services price inflation showed a gradual decline but remained elevated.
Additionally, the RBA released updated economic forecasts for 2024 and 2025, revealing slight downward revisions in GDP and consumer inflation expectations. Economic growth for 2024 is now projected at 1.8%, with CPI forecasted at 3.2%, down from initial estimates of 2.0% and 3.5%, respectively. The favorable inflation outlook suggests the conclusion of the RBA's tightening cycle, potentially paving the way for future rate cuts.
While the AUD/NZD cross shows signs of rebounding from the demand area within the range box, traders eye buying opportunities at discounted prices. However, the prospect of a downward shift in the RBA's monetary policy stance may act as a hindrance to significant AUD gains, potentially capping further upside for the AUD/NZD pair.
Above 1.0500 look for further upside with1.08000 and 1.09500 as targets.
AUD-NZD Bullish Breakout! Buy!
Hello,Traders!
AUD-NZD broke the key
Horizontal level of 1.0696
And the breakout is confirmed
So after a potential pullback
And retest of the new support
We will be expecting
A bullish move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Heavy on the AUDNZD as well,watch for lower timeframeHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Watch out Audnzd for a turn. :)
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
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.
*********************************************************************
AUD/NZD SELL STOP at 1.0662AUDNZD has hit a band of historical resistance that stretches back some distance and is carving out an M-Top pattern with a double top.
If the pattern completes we will have a SHORT trade on the break of the neckline at around 1.0662.
Both RSI and MACD are declining and the Andean Oscillator is suggesting that the BEARS are taking control as the BULLS position weakens.
All the indicators suggest we should be headed south from these levels and as we are now well above the key WR1 pivot, history tells us that the price will tend to want to come back to the WPP mid pivot and will not be able to stay above WR1 if there is BEARISH momentum.
It is Friday so the markets will be slowing down and we do have US news at 15:00 with ISM Manufacturing and Revised UoM Consumer Sentiment so we would need to be watching this trade if it triggers and adjust STOPS accordingly.
This is a 1:1 trade with a STOP above the high which sets our target to 1.0639 but as ever these STOPS and TP's are not set in stone and will be adjusted depending on momentum.
AUDNZD Short idea - Diviregence 1H Time frameAfter a good bullish rally for AUDNZD, the pair reached the horizontal resistance zone combined there with a supply zone. From the perspective of RSI there is bear divergence on 1H time frame. It is a bit risky to enter in a sell position right now, but if we have a good candlestick confirmation it would be great. However, the stoploss could be outside the supply zone. The line for takeprofit 2 is the zone which I aim to close eventual position
Strifor || AUDUSD-29/02/2024Preferred direction: BUY
Comment: A medium-term long-trade is considered for the AUDUSD currency pair. We highlight two main scenarios that differ from each other in the depth of the current downward correction. A more likely scenario №1 involves an entry slightly below the level of 0.65000 , after the local minimum is updated (look at the chart). We also don’t discount scenario №2 . It will be especially effective to look at the divergence strategy to find a potential long entry point.
Buy-deal target level is 0.66000.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
AUDNZDAUDNZD has formed double bottom with strong bullish divergence and bulls have shown the bullish reaction as well and has given the breakout of 1.0620 level with massive buying.
Currently the price is facing strong resistance around 1.0695 region but seems like bulls will break through it.
if this breakout happens the next optimum target will be 1.0810.