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AUDNZD

Strifor || NZDUSD-10/05/2024Preferred direction: BUY Comment: The New Zealand dollar is also considered in favor of a buyer in a short-term deal. The target is still at the level of 0.60713 . Both previously published scripts are already in production. It should also be noted here that more medium-term prospects will most likely be in favor of the US dollar , and you should not count on big growth. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || NZDUSD-07/05/2024Preferred direction: BUY Comment: The New Zealand dollar is also seen in favor of buyers. Here, the expected growth according to the two scenarios is in many ways similar to the situation for the AUDUSD currency pair. Here, too, the most likely scenario is an increase from current prices (scenario №1) . A less likely scenario involves a preliminary fall to 0.59857 (scenario №2) . We consider the growth target near the level of 0.60713. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || AUDUSD-07/05/2024Preferred direction: BUY Comment: The current situation for the AUDUSD currency pair continues to develop in favor of buyers, and against this background, we are considering a short-term long from the level of 0.66000 . In the recent past, this level was the growth target for a medium-term deal. This level is currently support. The most likely scenario №1 assumes an increase from current prices, and our target is at the level of 0.66460 . Scenario №2 is less likely. In this case, of course, one needs to be careful, as a sharp imbalance may be in favor of the seller. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || GBPUSD-Week StartingPreferred direction: BUY Comment: Buyers insist on growth for the GBPUSD currency pair, where we expect an approach towards the level of 1.26500 . The US dollar is likely to continue its downward correction at the beginning of this week, which in turn strengthens the main competitors of the American currency .  We are considering two main scenarios for this long trade, where the most likely growth according to scenario №1 assumes the strengthening of the British currency from current levels. It is unlikely that the instrument will need to roll back to 1.25346 , from where the pair will most likely go up as well (scenario №2). Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
5
AUDNZD - Buy opportunity ✅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 only for long position. I expect price to go a little bit lower to fulfill the imbalance and then to reject from bullish order block + institutional big figure 1.10000. Fundamental news: Tomorrow (GMT+3) we will see result of Cash Rate on AUD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
Strifor || NZDUSD-30/04/2024Preferred direction: BUY Comment: The outlook for the New Zealand dollar is the same as for the Australian dollar . In both cases, we are likely to see new local highs, but growth is limited, in the case of NZDUSD this is the level of 0.59857 . We are considering two options for the development of events. The most likely scenario is №1 , and scenario №2 is an entry within the framework of a false breakout. The best probable option is to consider entry after the Fed meeting . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
3
Strifor || AUDUSD-30/04/2024Preferred direction: BUY Comment: Before the Fed meeting on major currency pairs, a rather uncertain situation has developed, and the best option will most likely be to refrain from trades and make a decision on entry after the interest rate decision. However, the most likely scenario is in favor of buyers. At the moment, the best option would be to look for an entry point near the support level of 0.64906 . We consider two scenarios near this level, where scenario №1 is about a rebound trade, and scenario №2 - a false breakout. The growth target in both cases is the level of 0.66000 . If, after the Fed , the price falls below the support level of 0.64906 and cannot recover, then you should not count on growth in the medium term. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
3
Strifor || NZDUSD-23/04/2024Preferred direction: BUY Comment: The New Zealand dollar duplicates the sentiment of its older brother, the Australian dollar . Since last week, the buy priority has been maintained, and only the growth target has been changed, which we are considering at the level of 0.59857 . Setting a goal higher than 0.60000 will be a rather risky idea, so it is best to limit the goal to this level. Considering this week, we offer two scenarios where the most likely growth will not be long in coming (scenario №1) . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || AUDUSD-23/04/2024Preferred direction: BUY Comment: Tuesday has started more positively for the majors, especially for the euro and pound , which we talked about yesterday (these trading ideas can be viewed). The Australian dollar, like the above currencies, is on the buy list. Here, we continue to keep previous long positions with a target at the level of 0.65010 . Within the framework of the current week, we can consider two scenarios, which are depicted on the chart. The more likely scenario №1 assumes growth from around current prices. US PMI data may help buyers here if the figures will be less than forecast. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
3
AUDNZD entered a period of consolidation as prices fell slightlyAUDNZD entered into a period of consolidation as prices eased in the form of a bull flag pattern. After yesterday’s close, a bullish continuation appears on the cards for the pair despite today’s intraday pullback from the daily high. A move below 1.0885 suggests a failure of the bullish continuation but as long as prices hold above this marker, the longer-term bullish bias and the prospect of a bullish continuation remains constructive. One thing to keep in mind is the risk of a shorter-term pullback as the RSI approaches overbought once more. Upside target appears at 1.1052 (June 2023 high) and 1.0885 to the downside.
by Xayah_trading
AUDNZD - Harmonic Pattern - Bearish Momentum ExpectedAUDNZD is currently forming a Harmonic Pattern (XABCD) on the chart. The pattern indicates a potential reversal of the current trend, with Point D marking the completion of the pattern. Based on this formation, we anticipate a Bearish trend momentum to follow from Point D. Entry and Stop Loss: Entry: 1.09480 Stop Loss: 1.09850 Take Profit Targets: TP-1: 1.09100 TP-2: 1.08745 TP-3: 1.08370 Rationale: The entry point of 1.09480 aligns with the anticipated reversal from Point D of the Harmonic Pattern. The stop loss at 1.09850 is set to mitigate potential losses in case the market moves against the expected bearish momentum. For take-profit targets, TP-1 at 1.09100, TP-2 at 1.08745, and TP-3 at 1.08370 are strategically placed to capture potential downward movements in the market, considering key support levels and Fibonacci retracement levels. Risk Management: It is crucial to adhere to proper risk management principles while trading this setup. Position sizing should be adjusted to ensure that potential losses are within acceptable limits relative to the trading account size. Conclusion: Based on the analysis of the Harmonic Pattern and associated entry and exit points, we anticipate a Bearish trend momentum in AUDNZD from Point D. Traders should monitor the price action closely and execute the trade according to their risk tolerance and trading strategy.
Short
by trading_jupiter
2
Will We SELL Off Again @ 1.105 ??This pair has been stuck in a range between 1.105 & 1.055 for nearly 2 years and has just broke out of the short term resistance @1.095 The next logical move now is for the pair to test the top of the 2 year range above 1.10 and as it does this is where I will be looking for SELL setups. The daily chart below gives you a clearer picture of the 2 year range and also shows you (red arrows) the 2 attempts made last year to break above 1.105 both ended up in a heavy reaction and price dropping back down to the bottom of the range. If you zoom out the Monthly charts (image below) you can see the AUDNZD has been stuck in a longer term range between 1.14 -1.02. This could indicate that buyers may look to push up through the 1.105 level though the Monthly chart above shows that this level has always been a hard nut to crack and there always seems to be a reaction here. This is what I fully expect to occur I will look for short term SELL setups first looking to target the previous resistance @ 1.085 for profit taking. This is a very basic range trading setup and would be invalidated if we get a weekly or monthly close above 1.105 as if this occurs a move up to 1.14 is highly likely. Let me know what you think in the comment section below
Short
by TheFxAce
9