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AUDNZD

AUDNZD Long Opportunity: Riding the Upswing AUDNZD Long Opportunity: Riding the Upswing **Summary:** The AUDNZD pair is showing signs of bullish momentum, presenting a compelling long opportunity. With key technical indicators aligning and favorable economic conditions, this could be a lucrative trade setup. **Analysis:** **1. Technical Overview:** AUDNZD has recently bounced off a strong support level around 1.08680, indicating the presence of buyers in this zone. The pair has been trading in a broad range between 1.07 (support) and 1.10 (resistance) for the past few months. The recent price action suggests a potential breakout to the upside, as the pair is forming a bullish reversal pattern, possibly a double bottom, around the support level. **2. Indicators:** Using Vinnie's Trading Cheat Code, we have identified a clear Buy signal. The MACD has just crossed above the signal line, indicating increasing bullish momentum. RSI is also rising from oversold territory, currently around 50, and heading towards the 60 level, which often signifies strong upward movement. The Moving Averages are beginning to converge, which could signal a breakout from the current range. **3. Fundamental Factors:** On the fundamental side, recent economic data from Australia has been positive, with better-than-expected GDP growth and a stable labor market. Conversely, New Zealand's economy shows signs of cooling, with recent inflation data coming in lower than expected. This divergence in economic performance could provide the catalyst needed for the AUDNZD to move higher. **4. Trade Plan:** I am looking to enter a long position around the current price level of 1.08600, with a stop loss set below the recent support at 1.0700. My target is the upper resistance level at 1.11442, which provides a favorable risk/reward ratio of approximately 1:3. **5. Risk Management:** As always, it's essential to manage risk appropriately. I'm risking 1% of my trading capital on this trade, ensuring that the potential reward justifies the risk taken. **Conclusion:** AUDNZD is showing a promising long opportunity backed by strong technical signals and favorable fundamental conditions. With a well-defined trade plan and proper risk management, this setup offers an attractive opportunity for traders. --- **Disclaimer:** This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.
Long
by bluesignalfx
1
Trading the Inflation Sandwich: What to Watch?Trading the Inflation Sandwich: What to Watch? US CPI inflation (Consumer Price Index). The CPI report is expected to confirm a continuation of the disinflationary trend observed in recent months. Analysts predict the annual inflation rate to edge down to 2.9%, while the core inflation rate is likely to decelerate to 3.2%. This ongoing cooling of inflation could bolster expectations for the Federal Open Market Committee (FOMC) to lower interest rates in September. Should inflation continue its downward trajectory, the FOMC may shift its focus to job numbers with greater intensity. Reserve Bank of New Zealand (RBNZ) rate decision Of the 31 economists surveyed by Reuters, 9 expect the central bank to maintain its Official Cash Rate (OCR) at 5.5% for the ninth consecutive meeting, while 12 forecast a 25-basis point rate cut. A decision to hold could lend support to the New Zealand dollar (NZD), whereas a rate cut might exert downward pressure. Traders might like to keep an eye on the AUD/NZD cross, with key resistance and support levels possibly at $1.0975 and $1.0843 UK CPI inflation Following the Bank of England’s (BoE) recent decision to cut the Bank Rate by 25 basis points to 5.0%—the first reduction in four years—a fresh inflation report is due from the UK. Headline CPI inflation for July is expected to rise to 2.3% year-on-year from June's 2.0%, with estimates ranging from 2.0% to 2.4%. Core inflation, which excludes volatile items like food and energy, is projected to hold steady at 3.5%, with a slight margin of variation between 3.3% and 3.5%.
by BlackBull_Markets
AUDNZD Set To Grow! BUY! My dear subscribers, AUDNZD looks like it will make a good move, and here are the details: The market is trading on 1.0960 pivot level. Bias - Bullish My Stop Loss - 1.0905 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.1054 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
7 Dimension Sell Idea For AUDNZD Core Analysis Method: Smart Money Concepts 😇7 Dimension Analysis Market: At monthly rejection or supply zone Time Frame: H4 1: Swing Structure: From the monthly zone, the market formed a CHOCH with inducement, giving a corrective swing move as the 1st pullback mitigated the extreme wick OB and swept liquidity at the Premier zone. 🟢 Entry Model: ABCD 2: Pattern 🟢 CHART PATTERNS: Reversal: Consolidation rectangle at supply level. Shakeout reversal Wyckoff method. 🟢 CANDLE PATTERNS: Long wick: Hammer or hanging man but at the wrong place indicates a reversal. Momentum: Strict engulfing at the highest candle. 3: Volume: Observed a very large selling volume on July 11th while the price was making new highs. This volume can be considered selling volume or profit-taking volume. Based on this volume, there is a very high chance that the price will go down. 4: Momentum RSI 🟢 Bullish to sideways zone with a proper range shift and multiple bearish divergences at the top indicate a sudden loss of momentum. Based on this, there is a high chance the price will go down. 5: Volatility Bollinger Bands 🟢 Contraction has started; the price might range for some sessions. After this, expect a lower band squeeze breakout and continuation to lower "walking on the band" condition. Here, a BB M pattern is also forming and a band puncher at the highest candle. 6: Strength: Everything is neutral yet. 7: Sentiment: Sell ✔️ Entry Time Frame: 15m ✅ Entry TF Structure: Bearish ✔ Entry Time POI: Mitigated ☑️ Trend line breakout: Yes 💡 Decision: Sell Limit 🚀 Entry: 1.1111 ✋ Stop Loss: 1.1133 🎯 Take Profit: 1.1020 😊 Risk to Reward Ratio: 4 RR 🕛 Expected Duration: 10 days SUMMARY: Analysis supports a strong sell position based on the Smart Money Concepts methodology, with expected bearish momentum and high potential reward.
Short
by Optimum369
AUDNZD Trading Opportunity! SELL! My dear followers, This is my opinion on the AUDNZD next move: The asset is approaching an important pivot point 1.1142 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.1115 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
3
AUDNZD Trading Opportunity! BUY! My dear friends, AUDNZD looks like it will make a good move, and here are the details: The market is trading on 1.1054 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 - 1.1102 Recommended Stop Loss - 1.1023 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 ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1