AUDNZD DEMAND ZONEAUDNZD is once again testing the key demand zone identified on the hourly timeframe. We anticipate a bullish reversal to occur, potentially leading to a revisit of the upper boundary of the established bearish channel.
AUDNZD
AUDNZD - 1H - SHORT ENTRY - DOW THEORYThere is series of LH & LL which shows a bearish trend, and we take a small SHORT ENTRY
⚡️Strifor || NZDUSD-16/02/2024Preferred direction: BUY
Comment: The main competitors of the US dollar continue their recovery against the American currency and most likely this trend will continue. The accumulated volume allows currencies such as the New Zealand dollar to continue their current growth towards the nearest resistance levels. This level is 0.61500 , that is, for us this is the nearest target for growth. If we consider a longer-term picture, most likely at the level of 0.61500 we can expect a pause in the form of balance, and then, most likely, growth will continue towards 0.62500 and 0.63000 .
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AUDNZD - Support / Resistance / Breakout TradePrice reveresed back from the mid red line and wants to complete the head and shoulders pattern, where news starts. buying till tomorrow news and lets see if news will push the price back to main level to complete the pattern.
AUDNZD Trading Plan - 18/Feb/2024Hello Traders,
Hope you all are doing good!!
I expect AUDNZD to go Up after completing this correction.
Look for your BUY setups.
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Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
AUD/NZD Bullish Reversion TradeThe strategy used for this script was intended to take advantage of mean reversions in trading. The big green triangle signals bullish divergence and the other buy signal indicated a mean reversion detected. Along with basic chart analysis we can confidently take a long position here and I'm targeting a fill of the FVG(fair value gap) just overhead. First point of resistance is the sell side liquidity. Once that is breached we will retrace back to the FVG and secure our final profits there!
Goodluck!
✅AUD_NZD MOVE DOWN AHEAD|SHORT🔥
✅AUD_NZD has retested a key resistance level of 1.0700
And as the pair is already making a bearish pullback
A move down to retest the demand level below at 1.0651 is likely
SHORT🔥
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⚡️Strifor || USDJPY-16/02/2024Preferred direction: BUY
Comment: Despite the short-term and medium-term bearish outlook for the US dollar , the USDJPY currency pair will still remain a buy-priority, most likely in the long term. In the very near future, the instrument will most likely go for a correction, but you should not count on too deep a downward movement. The medium term for this pair looks quite doubtful, and the short term is quite risky, since near the level of 150 the Central Bank of Japan may intervene at any time. Only the long-term scenario is considered with confidence, which involves trading at the level of 150 with the prospect of growth above this level.
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⚡️Strifor || AUDUSD-13/02/2024Preferred direction: BUY
Comment: Today is a very important day for the current week, since the publication of data on the US CPI is expected. Against this background, most majors retain their buy priority, and especially the Australian dollar continues to look up in the medium term. At the very moment of publication of CPI data, of course, anything can happen, but the main direction is still in favor of the buyer. In a more negative case, you need to count on scenario №2 , which can still be activated.
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AUDNZD | Hidden Bullish Divergence | AB=CDAUDNZD chart currently shows the formation of AB=CD patterns , indicating a Potential Reversal Zone (PRZ). Additionally, there is a hidden bullish divergence, confirming a bullish trend. Both indicators collectively suggest that the trend has shifted to an uptrend.
In technical analysis, an AB=CD pattern is a harmonic pattern used to identify potential reversal zones where the price might change direction. The completion of this pattern at the PRZ suggests an area where traders might anticipate a shift in the prevailing trend.
The hidden bullish divergence further supports the notion of an uptrend. This occurs when the price forms higher lows, while the corresponding indicator (such as the Relative Strength Index or RSI) shows lower lows, indicating underlying strength in the bullish momentum.
Taken together, the presence of AB=CD patterns and the hidden bullish divergence provides a stronger indication of a shift to an uptrend in the AUDNZD chart. Nevertheless, traders should conduct a thorough analysis and consider other factors before making trading decisions, as market conditions can change, and relying on multiple indicators enhances decision-making accuracy.
On the 1-hour time frame , there is a hidden bullish divergence, and an Inverse Head & Shoulders pattern has formed, both indicating a potential reversal. Additionally, according to Dow Theory, the market is printing new higher highs (HH) and higher lows (HL).
A hidden bullish divergence occurs when the price forms higher lows, but the corresponding indicator (such as the Relative Strength Index or RSI) shows lower lows. This signals underlying strength in the upward momentum.
The Inverse Head & Shoulders pattern is a bullish reversal pattern characterized by three lows, where the middle low (head) is lower than the two outer lows (shoulders). Its formation suggests a shift from a bearish to a bullish trend.
According to Dow Theory, a bullish trend is confirmed when the market prints new higher highs and higher lows. This aligns with the idea that, in an uptrend, each successive high and low should be higher than the previous ones.
In summary, the confluence of a hidden bullish divergence, an Inverse Head & Shoulders pattern, and adherence to Dow Theory principles collectively suggest a strong indication of a potential bullish reversal on the 1-hour time frame. However, it's crucial to consider other factors and perform comprehensive analysis before making trading decisions.
AUDNZD: Bullish Divergence Sparks Reversal Potential📈 Overview:
AUDNZD, previously bearish, now displays bullish divergence with the formation of the first higher low and higher high on the 1-hour timeframe. Market sentiment at 94% long adds strength to the reversal signal.
📊 Technical Analysis:
Bullish divergence, coupled with higher lows and higher highs, indicates a potential trend reversal.
📉 Market Sentiment:
With 94% long sentiment, there is strong support for the anticipated bullish reversal.
📉 Trade Strategy:
Consider long positions, aligning with the bullish signals, and anticipate further upward movement.
🛑 Risk Management:
Mitigate risks with effective stop-loss orders to protect capital.
📈 Conclusion:
AUDNZD offers a concise opportunity for a bullish trend reversal, supported by bullish divergence and strong market sentiment. Monitor for confirmation and adjust positions accordingly.
AUD-NZD Will Go Down! Sell!
Hello,Traders!
AUD-NZD broke the long
Term rising support line
Then went down and is
Now going up to retest
The broken support
From where I will be
Expecting a further
Move down
Sell!
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Check out other forecasts below too!
AUDNZD Sells 1%:35%RRPrice reacted well to Weekly POI and now expected to push higher to then come down to clear last buys.
⚡️AUDNZD CMC TRADING ⚡️MAJOR DEMAND ZONEAUDNZD is currently positioned within a significant demand zone, where a burgeoning bullish sentiment indicates the potential for a bullish reversal, with the highlighted zone being regarded as a buy zone, particularly under the daily timeframe. Should the bullish sentiment persist and strengthen, it is conceivable that a robust bullish trend will emerge, driving prices upward and possibly retesting the upper boundary delineated by the channel.
AUD/NZD LONg from 1.0615We have a W-bottom formation at support on AUD/NZD.
Looking for a 1:1 trade with the STOP at 1.0583 and TARGET at 1.0653.
Little bit late in the day for opening positions so this trade may be closed early if there's signs of price moving sideways.
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 :-)
⚡️Strifor || AUDUSD-09/02/2024Preferred direction: BUY
Comment: For this currency pair, we continue to insist on a medium-term long with a target at the level of 0.65848. Scenario №1 is in the works, but we are not taking scenario №2 off the table, since this is where the local minimum may still be updated. Among the majors, the most confident pairs for growth now are, of course, EURUSD and GBPUSD . The Canadian dollar also has potential for growth amid rising oil prices.
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✅AUD_NZD POTENTIAL LONG🚀
✅AUD_NZD is approaching a demand level of 1.0623
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
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AUDNZD Technical Analysis BreakoutSee picture above:
Swing Traders keep eye on AUDNZD over
next couple weeks for potential setups
waiting for price to break-out.
some traders will trade the momentum break
some traders will trade the re-test
some traders will look to trade the fail break-out
Some traders will look for the confirmation re-test.
AUDNZD: Long Signal Explained
AUDNZD
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy AUDNZD
Entry Level - 1.0661
Sl - 1.0632
Tp - 1.0733
Our Risk - 1%
Start protection of your profits from lower levels
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AUDNZD - Looking To Sell Pullbacks In The Short TermH4 - Bearish trend pattern.
Strong bearish momentum.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
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 :-)
⚡️Strifor || NZDUSD-06/02/2024Preferred direction: BUY
Comment: The RBA's decision on the interest rate will also most likely have an impact on the New Zealand currency, to a lesser extent, surely, but potentially, since the economies of New Zealand and Australia are closely related and are neighbors. However, we are considering longs for this instrument in the medium term, regardless of the RBA’s decision . Two long scenarios are depicted on the chart. Here, it would be preferable to gain a position by gradually moving the stop-loss beyond the level of 0.60144. The growth target is located at resistance level 0.61263.
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