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AUDNZD

AUDNZD - 4hrs ( Sell Trade Target Range 350 PIP )💲Pair Name : AUD/NZD 🗨Time Frame : 4hrs ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( ↘️ Short ) Type : Mid Term Swing ——————————— 🔰Bearish Break 1.90350 Area Reasons 🔘- Major Turn level 🔘- Visible Range lvn 🔘- Pattern Break Out 🔘- Prev Day low 🔘- Fixed Range Poc 🔰Bullish Reversal 1.05650 Area Reasons 🔘- Major Turn level 🔘- Visible Range lvn 🔘- Major Channel lower Band 🔘- Year Low / Q low 🔘- 2 Q low Area 🔘- Fibo Zone 1.618 %
Short
by GoldenEngine
AUDNZD on an ascending triangle 🦐An ascending triangle pattern in the AUD/NZD currency pair on a 4-hour chart suggests that the market sentiment is bullish, with the price creating higher lows while being contained by a horizontal resistance. This pattern can be considered a continuation pattern, implying that the upward trend may continue if the resistance is successfully broken. In this scenario, a long order could be considered according to the Plancton's strategy rules if the price breaks above the resistance level, signaling a potential uptrend. An ascending triangle is a technical chart pattern that occurs in an uptrending market and is considered a bullish continuation pattern. It is characterized by a flat upper resistance level and a series of higher lows that form a diagonal support line. The pattern forms when buyers attempt to push the price higher but are met with resistance from sellers, causing the price to consolidate at the same level. As time passes, the support line moves higher, reflecting an increasing willingness among buyers to pay higher prices for the asset. If the price breaks above the flat resistance level, it can be considered a signal of continued bullish sentiment and a potential uptrend.
by InkyGrip
6
AUD/NZD pulls back to key support zone for swing trade longWe’ve been waiting for AUD/NZD to retrace from its cycle high to reconsider longs, and it has now once again piqued our interest. Prices found support at the 200-day EMA yesterday, with the 38.2% Fibonacci retracement holding today’s low nearby. Whilst RSI (2) is not quite overbought, it is not far from it which suggests we could be approaching a cycle low. It is also trading lower for a fourth consecutive day to also suggest mean reversion (higher) may not be too far away. Should we see evidence of a swing low on the 1 or 4-hour chart, we’d be tempted to scale in to a long with a stop beneath either the bullish trendline or 50% retracement level. We could then tighten our stop and add to the long position if the momentum begins to turn higher on the daily chart. 1.1000 is the initial target near last week’s high, with the potential for a move to 1.1045
Long
by CityIndex
AUDNZD HigherTrying AUDNZD higher here. More of a trend trade, we have a double bottom below as well as support in terms of the price just before AUD CPI came out, that should act as support as well. We also have the 100 DMA just below that could act as support. In terms of narrative we have had decent AUD economic data while the NZD data hasn't been so great, we also have rising AUD CPI and potentially topping NZD CPI which should mean a more hawkish RBA going forward and a less hawkish/peak RBNZ as well. i imagine the market will also price in a pause for the RBNZ coming up at the next meeting. This has been one of the main advantages for the NZD. rate differentials are pointing higher as well, we've had a big move higher while AUDNZD hasn't moved too much higher so we could see AUDND catch up to the move higher in rate differentials. Not trading/investment advise, feedback welcome!
Long
by Spinning_
1
AUDNZD Longs to 1.11500!Reading the daily time frame we can see price is on an uptrend creating higher highs and lows. Price has broken above a previous area of resistance and is now holding at support with signs of rejection. If the price manages to hold above 1.09000 we can see the price reach 1.11500 key psychological. If the price manages to break we must reevaluate price action. Omer Kambal 2/5/2023 ChartAddicts This is not financial advice. The information shared is the opinion of a Chartaddicts analyst. Please do your own research.
Long
by ChartAddicts
AUDNZD - Strong Resistance Ahead!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart AUDNZD is approaching a resistance zone so we will be looking for sell setups on lower timeframes. on H4: Right Chart AUDNZD is approaching the upper trendline of the rising channel in red. As price approaches the purple zone, as per my trading plan, I will be looking for potential bearish reversal setups on lower timeframes. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
9