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
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.
———————————
WISH YOU ALL LUCK
Strifor || NZDUSD-09/07/2023Preferred direction: SELL
Comment: The downtrend is also strong for the New Zealand dollar, where in the previous accumulation, sellers have laid down a medium-term potential for updating lows. The price is confident enough to keep under 0.59000, and this trend is likely to continue. Downward targets are seen near 0.58000.
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AUDNZD: Your Trading Plan Explained 🇦🇺🇳🇿
One more instrument that we discussed on the today's live session is AUDNZD.
The market is currently testing a confluence zone based on a rising trend line and a horizontal support.
To buy the pair with a confirmation, wait for a bullish breakout of the resistance of a horizontal trading range on an hourly time frame.
You need an hourly candle close above 1.0859 to confirm the violation.
A bullish continuation will be anticipated to 1.0878 then.
Alternatively, a bearish breakout of a trend line will be a strong bearish signal.
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AUD/NZD short ideaHello Traders
Our technical view has been shown in the chart.
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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.)
AUD/NZD Made H&S Pattern But Still Not Confirmed , Short Valid ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
MarketBreakdown | EURUSD, AUDUSD, AUDNZD, CHFJPY
Here are the updates & outlook for multiple instruments in my watchlist.
1️⃣ EURUSD daily time frame 🇪🇺🇺🇸
The market is currently trying to break a solid rising trend line.
Its breakout – a daily candle close below will be a strong bearish signal
and will most likely push the prices lower.
2️⃣ AUDUSD daily time frame 🇦🇺🇺🇸
AUDUSD is trading in a bearish trend.
Since the middle of August, the market is consolidating, though.
The price is stuck within a horizontal range on a daily.
The pair is currently approaching a support of the range.
Its bearish breakout will most likely trigger a trend-following movement.
A daily candle close below that will confirm a violation.
3️⃣ AUDNZD daily time frame 🇦🇺🇳🇿
AUDNZD formed a bearish flag pattern.
The price is currently approaching its lower boundary.
Its breakout will be a strong bearish signal.
4️⃣ CHFJPY daily time frame 🇨🇭🇯🇵
The pair is trading in a long-term bullish trend.
For the last 4 weeks, the market is consolidating within a horizontal range.
After the last test of its support, we see a positive bullish reaction to that.
The market will most likely keep growing to the resistance of the range now,
while its bullish breakout will trigger a new bullish wave.
Do you agree with my market breakdown?
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