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AUDNZD

Shorting AUD/NZD (Australian Dollar vs New Zealand Dollar)OANDA:AUDNZD AUD/NZD: Hunting Bears in the Land Down Under! Looking for a chance to snag some pips in the forex market? Take a trip Down Under and short the AUD/NZD at 1.09115 for a potential sweet reversal! AUD/NZD is forming a bearish It is reaching an important ZONE of resistance, ready to tumble! Remember: Watch out for the whales! Stay tuned for economic news and events. Manage your risk wisely. Don't go all-in - enter with a small position size This is just a suggestion, always do your own research before entering any trade.
Short
by ForexCSP
11
AUDNZD Reversal expected. Cyclical bearish signal emerging.Has been a while since we looked into the AUDNZD pair, following our Sell Signal on November 16 2023 (see chart below): The price has now reached the 1.093250 Symmetrical Resistance, which has basically only broken once in the last 12 months. Ahead of a potential 1D MACD Bearish Cross, we see a high resemblance of the current High with the June 20 2023 peak. As a result, we are turning bearish on this pair, targeting the 0.618 Fibonacci retracement level (as the July 14 2023 Low) at 1.07100. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
AUDNZD | Hidden Bearish Divergence | Harmonic Bearish Shark The AUDNZD chart currently shows the formation of a XABCD Harmonic Shark Bearish Pattern, indicating a Potential Reversal Zone (PRZ). Additionally, there is a hidden bearish divergence, suggesting that the current uptrend is likely to reverse into a downtrend. Furthermore, on the daily chart, the price has just touched a strong daily resistance zone, which also serves as an Order Block (OB). This action confirms the bearish OB and all these indicators collectively suggest a shift in the trend to a downtrend. In technical analysis, a Harmonic Shark pattern is a specific type of harmonic pattern that signals potential trend reversals. The completion of this pattern at the PRZ indicates an area where traders might anticipate a change in the current price direction. A hidden bearish divergence occurs when the price forms higher highs, but the corresponding indicator (such as the Relative Strength Index or RSI) shows lower highs. This suggests underlying weakness in the upward momentum, potentially leading to a reversal. The concept of an Order Block (OB) refers to a significant level of support or resistance where institutional traders have previously entered the market. When the price approaches and reacts to this level, it can confirm the strength of the OB. On the 1-hour time frame, also there is a hidden bearish divergence, and the Previous Day High (PDH) liquidity has been taken. Whenever the PDH is breached, a pullback to the downtrend is often observed. Additionally, the trend line on the 1-hour time frame has been broken, and the price has retested this trend line. According to Dow Theory, these indications suggest a shift in price behavior from forming higher highs (HH) and higher lows (HL) to forming lower highs (LH) and lower lows (LL). On the daily time frame, the price has tested a strong resistance zone and is rejecting from its peak resistance level bearish OB. Overall, the daily chart appears bearish, indicating a potential trend change. Additionally, there is a trend line liquidity that needs to be breached for the price to move in either direction. In summary, the combination of the Harmonic Shark Bearish Pattern, hidden bearish divergence, and interaction with a higher time frame to lower time frame strong daily resistance zone (Order Block) suggests a strong indication of a potential shift from an uptrend to a downtrend in the AUDNZD pair. However, it's essential to conduct comprehensive analysis and consider other factors before making trading decisions.
Short
by awaisulabdeen
14
Strifor || NZDUSD-Mid-term viewPreferred direction: BUY Comment: The New Zealand dollar almost completely copies the situation with the Australian dollar . Here, we also continue to adhere to buy-priority in the medium term. It should be noted that both of these currencies are currently having the best setup for buy among others majors, but even this does not exclude potential short-term weakening. This probability is precisely described on the graph in the framework of scenario №1 , which is more likely at the moment, but scenario №2 is also already in the works. Just like in AUDUSD , we continue to accumulate long positions with a medium-term target at 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 || NZDUSD-Mid-term viewPreferred direction: BUY Comment: The situation with the New Zealand dollar is as similar as possible to the situation with AUDUSD . The mid-term buy priority is very strong, and we are considering growth towards the levels of 0.60700 and 0.61000 . Most likely, there will be a renewal of the local minimum at the level of 0.59500 , but this will not in any way affect the strong bullish sentiment in the medium term for this instrument. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
AUDNZD Will Move Higher! Long! Take a look at our analysis for AUDNZD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.087. The above observations make me that the market will inevitably achieve 1.092 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
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 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
3
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! Thank you for like and share your views!
Long
by Strifor
1
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. 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
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.
by Tradius_Trades
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. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
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! Thank you for boost and share your views!
Long
by Strifor
1