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AUDNZD

AUD/NZD: Double Trouble - Resistance & Fibonacci Signal BearishAUD/NZD has been confined within a well-defined bearish channel for a considerable period. This indicates a downtrend with a series of lower highs and lower lows. The price has recently reached a key resistance level that coincides with a significant Fibonacci retracement zone between 0.5 and 0.618. This confluence of technical factors suggests a high probability of a bearish breakout. Key Observations: Bearish Channel: Price action is clearly trapped within a descending channel, highlighting the ongoing downtrend. Resistance & Fibonacci Convergence: The current price zone near 1.095450 aligns with both a key resistance level and a critical Fibonacci retracement area (0.5 to 0.618). This confluence strengthens the bearish bias. Strong Bearish Momentum: Price action at this resistance level exhibits strong bearish momentum, suggesting a potential rejection and continuation of the downtrend. Trading Recommendation: Based on the technical observations, a short position on AUD/NZD appears favorable. However, proper risk management is crucial. Entry: A short position can be initiated on a confirmed break below the channel's lower trendline or a strong bearish candlestick reversal pattern at the current resistance level. Stop Loss (SL): A stop loss can be placed above the recent swing high or the upper trendline of the bearish channel, depending on your risk tolerance. Take Profit (TP): Potential take-profit targets can be identified based on Fibonacci extension levels or the measured move of the preceding bearish leg within the channel. Risk Management: Remember, always adhere to proper risk management principles. Ensure your stop loss is strategically placed to limit potential losses, and take profit targets should be established based on your risk-reward ratio. Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Always conduct your own research and due diligence before making any trading decisions.
Short
by trading_jupiter
AN to more downside...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Last week's PA show as that likely pullback on Audnzd should be for shorts. Let's watch and be mindful of next week's Nzd rate news Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
Short
by Shadowing_The_Big_Boys
AUDNZD Set To Grow! BUY! My dear followers, I analysed this chart on AUDNZD and concluded the following: The market is trading on 1.0909 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.0946 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. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Strifor || AUDUSD-16/05/2024Preferred direction: BUY Comment: AUDUSD is also on the buy list. This currency pair is also one of the most promising for short-term buyers. Most likely, growth will begin as much as possible at current prices (scenario №1). Here we have a good local upward trend, towards which we are considering trades. One can also consider going long from the level of 0.66460 , or rather near this level (scenario №2). We fix the growth target at the round level of 0.67500 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Viktor_strifor_analyst
3
AUDNZD The Target Is UP! BUY! My dear subscribers, This is my opinion on the AUDNZD next move: The instrument tests an important psychological level 1.0959 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 - 1.0996 My Stop Loss - 1.0936 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
Long
by AnabelSignals
1
AUDNZD Buy Side Money Heist PlanMy Dear Robbers / Traders, This is our master plan to Heist Bullish side of AUD/NZD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
Strifor || NZDUSD-14/05/2024Preferred direction: BUY Comment: The short-term strengthening of the US dollar's main competitors is relevant, and the New Zealand dollar is no exception. It should even be noted that this currency pair is among the top for short-term growth today. Strengthening of the NZDUSD is expected towards the level of 0.60713 , as well as in the case of the Australian dollar, there is a possibility of more significant growth, however, there is no need to raise the target too much since in the medium term there will most likely be a downward reversal. According to our main scenario №1 , we expect growth from the current ones, and we can safely consider buying right now. Scenario №2 is extremely unlikely, but nevertheless, we highlight it as an alternative. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Viktor_strifor_analyst
1
Strifor || AUDUSD-14/05/2024Preferred direction: BUY Comment: The current week will be the most intense compared to the previous one, as a number of important economic data are expected to be published. The focus will certainly be on the US CPI. Against this background, we still adhere to the buy priority for the Australian dollar and expect growth to the maximum level of 0.66460 from current prices (scenario №1) . This level is the main target, although you can expect a slight rise a little higher as part of a false upward movement. In the longer term, we also believe that the currency pair will turn downward. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Viktor_strifor_analyst
1
AUDNZD Will Go Up From Support! Long! Here is our detailed technical review for AUDNZD. Time Frame: 7h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.098. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.100 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
AUDNZD:🔴Sell opportunity🔴The price hit the HTF supply zone and had a bearish reaction, creating the buy-side liquidity alongside the bearish FVG in the premium, so we can expect the price to hit the bearish FVG and collect all the buy-side liquidity and then come down for sell-side liquidity. In this scenario, I like to see speed when the price sweeps the liquidity above the old high. As always, we need LTF confirmation to enter a sell position. 💡Wait for the update! 🗓️13/05/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
4
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 approaching a significant support area 1.095. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.097 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Strifor || NZDUSD-10/05/2024Preferred direction: BUY Comment: The New Zealand dollar is also considered in favor of a buyer in a short-term deal. The target is still at the level of 0.60713 . Both previously published scripts are already in production. It should also be noted here that more medium-term prospects will most likely be in favor of the US dollar , and you should not count on big growth. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Viktor_strifor_analyst
1
Strifor || NZDUSD-07/05/2024Preferred direction: BUY Comment: The New Zealand dollar is also seen in favor of buyers. Here, the expected growth according to the two scenarios is in many ways similar to the situation for the AUDUSD currency pair. Here, too, the most likely scenario is an increase from current prices (scenario №1) . A less likely scenario involves a preliminary fall to 0.59857 (scenario №2) . We consider the growth target near the level of 0.60713. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Viktor_strifor_analyst
1
Strifor || AUDUSD-07/05/2024Preferred direction: BUY Comment: The current situation for the AUDUSD currency pair continues to develop in favor of buyers, and against this background, we are considering a short-term long from the level of 0.66000 . In the recent past, this level was the growth target for a medium-term deal. This level is currently support. The most likely scenario №1 assumes an increase from current prices, and our target is at the level of 0.66460 . Scenario №2 is less likely. In this case, of course, one needs to be careful, as a sharp imbalance may be in favor of the seller. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Viktor_strifor_analyst
1