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AUDNZD

AUDNZD: Channel Down top rejection.AUDNZD is marginally bullish on its 1D technical outlook (RSI = 58.715, MACD = 0.003, ADX = 36.182) as it started pulling back after the price got rejected at the top of the June-initiated Channel Down. All same RSI based pullbacks hit at least the 0.618 Fibonacci level and declined by at least -2.62%. Under those conditions, we are short on AUDNZD, targeting the closest of the two levels, the 0.618 Fib (TP = 1.07200). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
Strifor || NZDUSD-16/04/2024Preferred direction: BUY Comment: WThe buy-priority remains the same for the New Zealand dollar. Previously, we looked at a medium-term long trade, which is in progress and is in the accumulation stage. If we talk about short-term prospects, we can consider the two scenarios shown on the chart. There is a high probability that the buyer will strengthen at current prices, so this potential movement is shown as scenario №1 . Less likely scenario №2 cannot be ruled out. We set the target for this growth at the level of 0.59500, one can also consider target №2 at the level of 0.59857. 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
AUD/NZD Short idea(4/16/2024)Today after China's economic data, the Market is betting dovish on AUD. We believe the price has made an ABC correction and it likely started the C wave. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -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.)
Short
by fortunamarkets
AUDNZD Set To Grow! BUY! My dear followers, This is my opinion on the AUDNZD next move: The asset is approaching an important pivot point 1.0897 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.0907 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Fading Aussie strength (Apr 10)Fundamentals & Sentiment AUD: Australia has beaten its neighbor in terms of robustness of the economy, with Services PMI and Avg Cash Earnings sustaining upward momentum best. Such economic performance also translated into better GDP QoQ growth paving the way for AUD to outperform NZD for the last 2 months and propelling the pair higher. It's also vividly reflected in expected rate differentials. NZD: The rate decision is supposed to clear the air around further outlook on NZD, giving the room for market internals to play out, while AUD bulls should be attracted to takes some profits, correcting the uptrend. Technical & Other Setup: TR(B) Setup timeframe: 4h Trigger: 4h Medium-term: UP Long-term: Uptrend Min target: support Risk: 0.25% Entry: Limit
Short
by Cherry94
Strifor || EURUSD-Mid-term viewPreferred direction: BUY Comment: The main currency pair is most likely now the most interesting to buy, since it has the most formed buy-setup. A significant part of the buyers have already been liquidated, and growth according to scenario №1 is now most likely. Scenario №2 is considered as plan B, where buy-positions are expected at the level of 1.06500 . This level is located near the support trend line. The target for this medium-term long trade is not considered above the level of 1.07500 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Strifor || NZDUSD-Mid-term viewPreferred direction: BUY Comment: Once again, we are considering the New Zealand dollar together with the Australian dollar , well, this is not surprising given their high correlation. Here, too, a recovery is expected in the medium term, but not everything is so simple, and still, before growth, there will most likely be updates to local lows. A more optimistic scenario is exactly what it looks like and can be found on the chart within scenario №1. Scenario №2 is more aggressive on the part of the seller, and here it would be best to look for long-positions at the support level of 0.59018 . Above the level of 0.60713 the target is not considered. 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 Will Explode! BUY! My dear friends, My technical analysis for AUDNZD is below: The market is trading on 1.0893 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.0923 Recommended Stop Loss - 1.0876 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Strifor || AUDUSD-09/04/2024Preferred direction: BUY Comment: Medium-term long positions for the AUDUSD currency pair are active, according to our previous trading idea for this instrument. In addition, short-term prospects also encourage active purchases, and with the opening of the European session, one can take a closer look at longs, especially those who did not manage to enter earlier, as we wrote about in the previous trading idea for this instrument. The most likely scenario №1 assumes maximum growth from current prices. One can also consider entering through a pending order, placing it just above yesterday's and today's highs. Scenario №2 is unlikely, but we will also be ready to use it. We do not set the growth target above the level of 0.66458 . 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 || SILVER-Mid-term viewPreferred direction: SELL Comment: We continue to consider metals as part of medium-term sales, but there is no good reason to enter yet. Of course, one can gain a position with a small volume using a "step by step" system. In the short term, silver and gold are likely to strengthen again. Thus, silver will update the local maximum, and gold will update the historical maximum. The most likely scenario at the moment for silver is a movement towards the level of 28.50 , where we can expect the formation of a short entry point ( scenario №1 ). A more aggressive scenario from the point of view of the current buyer is scenario №2 , where price strengthening can be expected towards the level of 29.00. The target for a fall in medium-term sales as part of a corrective movement is located at the level of 27.00. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAGUSDShort
by Strifor
1
Strifor || NZDUSD-09/04/2024Preferred direction: BUY Comment: The New Zealand dollar copies the situation with the Australian dollar. Here, we also continue to adhere to the previously outlined long scenario and have almost already reached the target at the level of 0.60713 . Today, it is relevant to consider short-term purchases with the same target at the level of 0.60713 . There are two scenarios for buying, and the strength of buyers allows the price to start growing as much as possible from current prices ( scenario №1 ). The probability of a preliminary rollback before growth is small, so we keep scenario №2 in our arsenal. It should be noted that tomorrow there will be a meeting of the RBNZ and a decision on the interest rate . Therefore, it is better not to delay with short-term trades and, if possible, close them before this event. 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
Capturing Opportunity: Short Trade Setup on AUDNZDOverview: AUDNZD has exhibited a notable rejection at a significant resistance zone, confluently aligning with the 4-hour trendline. This presents a compelling opportunity for a potential short-trade setup. Entry Point: Considering the observed rejection and alignment with the 4-hour trendline, an entry point at 1.09150 is recommended. This level reflects a strategic position to capitalize on the anticipated downward movement. Stop Loss: To manage risk effectively, a stop loss should be placed at 1.09490. This level provides a buffer against potential adverse price movements while allowing for sufficient room for market fluctuations. Take Profit Targets: Two take profit targets are identified: - TP-1: Set at 1.08797, representing the initial profit-taking level. This level aligns with the anticipated downward momentum and serves as a conservative exit point. - TP-2: Positioned at 1.08450, reflecting a deeper target for maximizing profit potential. This level accounts for further downside potential based on the prevailing market dynamics. Conclusion: In conclusion, the technical analysis suggests a favorable short trade opportunity for AUDNZD, with an entry point at 1.09150, stop loss at 1.09490, and profit targets set at 1.08797 and 1.08450 respectively. Traders should monitor price action closely and adhere to risk management principles throughout the trade execution process.
Short
by trading_jupiter
AUDNZD My Opinion! SELL! My dear subscribers, This is my opinion on the AUDNZD next move: The instrument tests an important psychological level 1.0943 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0931 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
AUDNZD Will Fall! Short! Take a look at our analysis for AUDNZD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.094. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.090 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Strifor || AUDUSD-04/04/2024Preferred direction: BUY Comment: Our medium-term target for the AUDUSD currency pair has been achieved. However, the short-term outlook remains in favor of the buyer, and growth is expected towards the level of 0.66500 . There are assumptions that the main competitors of the US dollar will, for the most part, strengthen against the American before the NFP , and during the release of data on the US labor market, the USD will most likely strengthen its position again. But the medium-term prospects are still not clear. We need to wait for a more transparent setup for a final conclusion. Short-term growth in AUDUSD is expected in two scenarios, which can be found on the chart. Most likely, the buyer will behave quite aggressively to the level of 0.66500 . 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-Mid-term viewPreferred direction: BUY Comment: Medium-term long sentiment for the AUDUSD currency pair remains. At the moment, we have active scenarios. Let us recall that we considered two scenarios simultaneously, i.e. gradually accumulating a long position. There may be another update on local lows, but the medium term is still very confident for buyers. We are considering targets at the levels 0.66000 and 0.66500 . 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