AUNZD I Impulse correction phase Welcome 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
Bearish reversal?AUD/NZD is rising towards a resistance level which is an overlap resistance that lines up with the 88% Fibonacci retracement and could potentially reverse from this level to our take profit.
Entry: 1.09907
Why we like it:
There is an overlap resistance level which aligns with the 88% Fibonacci retracement.
Stop loss: 1.10273
Why we like it:
There is a pullback resistance.
Take profit: 1.09378
Why we like it:
There is an overlap support level.
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AUDNZD - Downside move !! Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here can see that price filled the imbalance and rejected from bearish order block, as well we have hidden divergence on daily and regular divergence on H4, so I expect to see bearish price action.
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AudNzd shortA short trade signal for AUD/NZD suggests that the Australian dollar is expected to weaken against the New Zealand dollar.
From a fundamental perspective, weaker economic data from Australia compared to New Zealand, a more dovish stance by the Reserve Bank of Australia compared to the Reserve Bank of New Zealand, and lower commodity prices impacting Australia's economy can all contribute to the bearish outlook. These combined factors indicate a higher likelihood of the AUD depreciating against the NZD, supporting the short trade signal.
AUDNZD: Bearish Continuation & Short Trade
AUDNZD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short AUDNZD
Entry - 1.0918
Sl - 1.0951
Tp - 1.0862
Our Risk - 1%
Start protection of your profits from lower levels
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AUDNZD...DT ContinuationI believe that the downtrend on the 1D timeframe will continue, given that Price Action closed below 1.0877.
Resistance at 1.0874 has encountered a price rejection and may be poised to resume the downtrend following this significant rally.
If the resistance level at 1.0942 is broken with the price closing above it, there is a possibility of the price moving higher towards the supply zone around 1.0962.
AUDNZD...DOWNTRENDAnalysts are leaning towards a continuation of the downtrend for the AUDNZD forex pair, citing fundamental factors.
The contrasting positions of the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) are considered to be a significant factor. A central bank with a more accommodative stance suggests a readiness to maintain low interest rates, potentially leading to a depreciation of the currency.
Comparing Interest Rates: If the RBNZ takes a more assertive approach in raising rates compared to the RBA, it may increase the appeal of the NZD to investors, resulting in a stronger NZD against the AUD.
AUDNZD …. ready to continue short? … the week of 24 June, 2024As you can see on my D1 chart, this pair was in a bearish trend until 05 June but then it starting retracing. The recent 2 days we have seen a doji followed by what could be a shooting star. These indecision candles are printing at the 50% retracement level that is also a significant s/r area around 1.08740. All these provide confluence to this bearish setup.
We could possibly see a small retracement on Monday either to 1.086 or the s/r area. As long as the high of the next candle is below the high of Fri candle and closes below its low there is a high probability of a bearish continuation. Possible targets are indicated on my chart. Aggressive traders can take action sooner than conservative traders who may want to wait for Monday candle to close.
This is not a trade recommendation, it is just my analysis.
You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management if/when you trade.
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AUDNZD - Long from bullish order block !!Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental news: Upcoming week on Wednesday we will see result of CPI on AUD, news with high impact on currency.
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AUDNZD Will Collapse! SELL!
My dear friends,
My technical analysis for AUDNZD is below:
The market is trading on 1.0868 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.0798
Recommended Stop Loss - 1.0916
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
AUD-NZD Will Keep Growing! Buy!
Hello,Traders!
AUD-NZD is trading in a
Local uptrend and the pair
Broke the key horizontal level
Of 1.0851 and the breakout is
Confirmed so we are locally
Bullish biased and we will
Be expecting a further move up
Buy!
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AUDNZD Will Grow! 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 trading around a solid horizontal structure 1.088.
The above observations make me that the market will inevitably achieve 1.091 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUDNZD Technical Analysis and Trade Idea👉 In our analysis, we direct our attention to the higher time frame charts for the AUDNZD. Presently, these charts signal a bullish outlook. However, we note that the price has entered a significant resistance zone. Furthermore, the market appears to be overextended. In the accompanying video, we delve into a potential retracement and a trade concept based on the Fibonacci retracement levels (specifically, the 50% to 61.8% range). It’s crucial to understand that this assessment remains speculative and does not constitute a definitive prediction. To validate a genuine reversal, diligent monitoring of specific price movements is imperative. The video provides an in-depth analysis of the trend, market structure, and price action. Always keep in mind that trading carries substantial risk, so prioritize robust risk management strategies in your decision-making process. 📊✅
AUDNZD Is Going Down! Short!
Take a look at our analysis for AUDNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.083.
Considering the today's price action, probabilities will be high to see a movement to 1.081.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUDNZD My Opinion! SELL!
My dear followers,
I analysed this chart on AUDNZD and concluded the following:
The market is trading on 1.0785 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.0776
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
AUDNZD:RBNZ is outhawking RBAHello Traders,
In the upcoming week, we are closely monitoring AUD/NZD for a potential selling opportunity around the 1.08200 zone. AUD/NZD is currently trading in a downtrend and is undergoing a correction phase, approaching the key support and resistance area at 1.08200. This level has historically acted as a significant pivot point for price action, making it a strategic entry point for potential short positions.
From a fundamental perspective, the Reserve Bank of New Zealand (RBNZ) is maintaining a more hawkish stance compared to the Reserve Bank of Australia (RBA). The RBNZ has shown no intention of cutting rates in the near future, which contrasts with the RBA's more dovish outlook. This divergence in monetary policy is likely to exert downward pressure on AUD/NZD, reinforcing the bearish trend.
Trade safely,
Joe
AUDNZD Has bias for some more down side...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
I find the long tailing candles of the last 2 weeks disturbing....but still bearish on this cross..watching for short opportunities!
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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