AUDNZD Technical Analysis! BUY!
My dear friends,
AUDNZD looks like it will make a good move, and here are the details:
The market is trading on 1.0749 pivot level.
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 - 1.0826
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
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WISH YOU ALL LUCK
AUDNZD
AUDNZD Low risk trading strategy.The AUDNZD pair has been neutral as of late, trading within a 1.073350 (Support) - 1.093250 (Symmetrical Resistance) range. The 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) have both been turned into pivots in a peculiar sideways pattern. As long as the Support holds, buy and target 1.091500. On the slightest break and 1D candle close below the Support (thus the low risk), sell and target 1.064500 (Higher Lows trend-line).
If it closes a 1D candle above 1.093250, buy the break-out and target 1.101050 (Lower Highs trend-line). As you can see, the long-term pattern is a Triangle, thus the current tighter consolidation. The 1D MACD Bearish Cross last week shouldn't be taken lightly as the historic price action has shown that it delivers larger declines. Thus the 1.064500 target.
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AUDNZD - Classic Break & Retest!Analysis:
Bullish Confluences
In an upwards trend
Retesting an area of significance
61.8% fib retracement level touch
In an ascending channel
Upwards trendline touch
11K short position decrease for the AUD
2K long position decrease for the NZD
Recent AUD news has been bullish
Bearish Confluences
The AUD is the 2nd weakest major currency whereas the NZD is the 4th strongest major currency
7K long position decrease for the AUD
1K short position decrease for the NZD
Recent NZD news has been bullish
Stay Safe - The JPI Team
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AUDNZD H4 | Bearish reversal off 23% Fibo?AUDNZD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.08308 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 1.08546 which is a pullback resistance level that sits above the 38.2% Fibonacci resistance level.
Take profit is at 1.08018 which is a recent swing-low support level.
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AUDNZD is attempting to break the descending channel.The price can retrace up to Fibonacci 61.8% before sustaining a break above the downtrend channel without consolidation.
Especially, the expectation of a rise below strengthens the AUD as a fundamental economic indicator. If the expected interest rate decision does not come out of the FED meeting as anticipated, and a somewhat moderate text is published, we may see an uptrend in AUD, along with gold and silver.
Open your trade in 2 parts. The first trade is for the short term, and the second trade is for the medium-term expectation. Enter the take profit levels below:
When the first trade reaches the take profit level, adjust the stop-loss level of the remaining medium-term trade to a profitable level to minimize your risk.
Open Price: 1.0866
Stop Loss: 1.0850
Take Profit 1: 1.0925
Take Profit 2: 1.0970
Strifor || AUDUSD-09/21/2023Preferred direction: SELL
Comment: The previous trading idea for the Australian was implemented using option 2. At the moment, the idea is expected to be fully developed and the price area near the level of 0.63800 will confirm this. After which a pause is expected, namely accumulation is most likely.
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AUDNZD I Rejecting 50% fib and likely to continue upwardWelcome back! Let me know your thoughts in the comments!
** AUDNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUDNZD Is Bullish! Long!
Take a look at our analysis for AUDNZD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.089.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.091 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.
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AUDNZD: Time To Buy 🇦🇺🇳🇿
AUDNZD is retesting a recently broken horizontal resitance.
The price formed a double bottom pattern on that on an hourly time frame.
Its neckline has just been broken.
I believe that it is a good moment to buy the pair now.
Goal - 1.0914
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AUDNZD, Trading range price action.AUDNZD / 1D
Hello Traders, welcome back to another market breakdown.
AUDNZD has been trading in a trading range on higher time frame. The price seem to be rejecting the lower bond which might suggets that the high of the range might be the next magnet.
Trade safely,
Trader Leo.
✅AUD_NZD NEXT MOVE|SHORT🔥
✅AUD_NZD is about to retest a key structure level of 109.23
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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AUDNZD Potential DownsidesHey Traders, in today’s trading session we are monitoring AUDNZD for a selling opportunity around 1.08 zone, AUDNZD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the trend at 1.08 support and resistance zone.
Trade safe, Joe.
Strifor || AUDUSD-09/13/2023Preferred direction: SELL
Comment: The plan for the Australian also remains in force and most likely here the instrument would follow the first scenario, which we discussed in the previous trading idea for this instrument. So, today we expect a fall to the lower balance line, the level of 0.63780. For this instrument there is also a high probability of updating local minimums, that is, a fall below the above level.
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AUDNZD Will Go Higher From Support! Long!
Please, check our technical outlook 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 1.083.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.085 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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AUDNZD What Next? BUY!
My dear subscribers,
This is my opinion on the AUDNZD next move:
The instrument tests an important psychological level 1.0822
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0853
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.
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WISH YOU ALL LUCK