AUDNZD Will Go Higher From Support! Long!
Please, check our technical outlook 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 1.064.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.067 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
AUDNZD: Bullish Continuation is Highly Probable! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the AUDNZD pair which is likely to be pushed up by the bulls so we will buy!
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AUDNZD | Bearish Divergence AUDNZD being in an uptrend means that the value of the Australian dollar relative to the New Zealand dollar is currently on the rise. Additionally, there is a notable development occurring in the form of hidden divergence on the Relative Strength Index (RSI). Hidden divergence refers to a situation where the price of an asset and the RSI indicator move in opposite directions.
In this case, the formation of hidden divergence on the RSI suggests a potential reversal in the current trend. This means that despite the ongoing uptrend, there are indications that the market sentiment might shift in the opposite direction. Traders and analysts often pay attention to hidden divergence as it can provide insight into a potential change in the market dynamics.
AUDNZD is currently experiencing an uptrend, the presence of hidden divergence on the RSI indicates the possibility of a reversal in the trend.
EURNZD I Potential move downwardWelcome back! Let me know your thoughts in the comments!
** EURNZD 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 for a possible massive dropAs we can clearly see, price is in a bearish phase. It first gave us a reaction of a higher timeframe demand which eventually failed. Price then retraced back up, forming liquidity just below our 1h POI that was left behind when price rallied. This has now provided us an opportunity to catch the rest of the move to the downside through a flip entry that has been established.
AUD/NZD Possible Short term Upward MoveHello Traders
NZD dropped hard in the last days of last week.
Overall view of AUD/NZD is still bearish but last week's candle changed the situation at least for the short term.
We expect AUD will catch this opportunity and relive some of its losses VS NZD (a short correction), otherwise, the price will continue moving downward.
Also, some indicators(stochastic) are showing possible correction.
Our technical view has been shown in the chart.
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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.)
AUDNZD, is now ready a hefty ASCEND...AUDNZD, just hit the 78.6 FIB level -- a major order block support.
Buyers have started positioning based on daily data. Net buying / accumulation has started pouring at the current price level of 1.0600.
Expect some significant ascend from here on -- a possible retest of 1.09 / 1.10++ is foreseeable.
TAYOR.
safeguard capital always.
AUD-NZD Will Go Up! Buy!
Hello,Traders!
AUD-NZD keeps falling down
But a strong horizontal
Support of 1.0599 is
Nearby and the pair
Is locally oversold so
I think that after the retest
We will see a nice
Bullish correction
Buy!
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Aud/Nzd (Trendline Support)Aud/Nzd has been rejecting this trend line for a long time now....
This trendline is a strong support area... Price has also pivoted from this area more than 1 time in the past...
We need a buy signal at least on the 15min time frame on this idea before we can push buy
You can use your own trend indicator from this level at any time frame you decide to buy this pair...
Take Profit areas are marked on the chart...
Please use risk management because it will move all over the place and very slow even if it rejects the trendline and moves up
Thank You!!!
AUDNZD: Sell signal confirmed.The AUDNZD pair got rejected on the 1D MA50 turning the 1D technicals bearish (RSI = 42.793, MACD = -0.002, ADX = 30.864) for the first time in a month. The price got also rejected on the 1D MA200 and the LH trendline on April 21st, which started the current bearish leg. This may give a rise to a Channel Down. We are short, targeting the HL trendline (TP = 1.05300) and is the price closes under the S1, we expect a bearish extension to S2.
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AUDNZD Triangle close to breaking outThe AUDNZD pair has hit our previous target (see chart below) and is currently on a Triangle pattern:
The break-out of this pattern will dictate the next trend. Right now the price is below the 1D MA50 (blue trend-line) so currently we have to give a slight edge to the bearish break-out. In that case, our target will be 1.04700 (December 16 2022 Low). If the price closes above the Triangle (Lower Highs trend-line), we will buy the break-out, target 1.10000 (bottom of Pivot Zone) and then short from the top for the long-term.
P.S. The RSI's Rectangle can be of additional help for buying and selling.
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