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Audnzdanalysis

AUDNZD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price faced rejection at monthly resistance level and dropped to complete W formation. Price should move upward now. W > Price dropped beyond neck of W formation with and next week showed reversal with bullish candle. D > We can see formation of inverse H & S and expect price to rise after we see completion of neck. As per COT AUD saw closure of major Long and addition of few Short positions, reducing net positions, N-R saw closure of both Long and Short positions and Commercials saw addition of Long and closure of Short. AXY was weak for the said week however it improved its position last week. NZD saw addition of few Long and more Short reducing net positions, confirming weakness of NZD for the said week. ZXY fell improved its position last week. 4H > We can see price making LL, if price makes a LH we will get bullish confirmation. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Long
by AP17FX
AUDNZD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Price faced rejection at monthly resistance level and dropped to complete W formation. Price is respecting downward trend-line as resistance. W > Price dropped beyond neck of W formation and started an upward move after facing rejection from weekly supply zone. D > We saw formation of inverse H & S and as expected price broke daily support now turned resistance to move upside to complete our target. Price has now returned back to test daily support. Price can face rejection to move upside towards our next target. As per COT AUD saw addition of major Long and Short positions, increasing net positions. AXY gained strength during the said week, it improved its position last week. NZD had closure of few Long and major Short increasing net positions, confirming strength of ZXY for the said week. Short positions have reduced to least in current year. ZXY has been gaining strength slowly since June 2020. ZXY improved its position last week. 4H > Price is facing rejection at support level and we can see two bearish candles with rejection bottom wick. Current candle should close with bottom rejection with in about an hour. We will monitor price action for reversal confirmation to the upside. Pair Correlation > AUDNZD has positive correlation with AUDCAD and negative correlation with GBPAUD on weekly timeframe. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Long
by AP17FX
AUDNZD SWING SHORT [MULTIPLE TIME-FRAME] (HEADS UP!!!)HEADS UP ON AUDNZD... READ FULL CONFLUENCE 👇 HIT THE LIKE BUTTON BUTTON IF THIS WAS USEFUL TO YOU.. I EXPECT A BULLISH MOVE FIRST BEFORE THE OVERALL BEARISH MOVEMENT. ** REASONS ARE, THE MARKET HAS BROKEN A STRONG TRENDLINE, SHIFTING FROM AN OVERALL BUYING MARKET TO A SELLING ONE. ** WE CAN CLEARLY SEE FROM A WEEKLY PERSPECTIVE THAT THE MARKET IS STUCK IN A RANGE ** IF IT GOES UP TO MY 78.6 FIB LEVEL TO RETEST THE SUPPLY ZONE, IT'LL BE CREATING WHAT SEEMS TO BE A DOUBLE TOP FORMATION, GIVING ME AN EXTRA CONFLUENCE FOR A BEARISH MOVE ** AS A SWING TRADER, I ALWAYS ADVICE MY STUDENTS TO USE PROPER RISK MANAGEMENT, TO WITHSTAND MARKET DRAWDOWNS, GOODLUCK.
Short
by jasonscott96752
AUDNZD RoadmapAUDNZD potentially to go up by +150 pips if the buyer manages to push the price to the 1.0930 resistance level, unconfirmed inverted H&S was formed and we need for the price to breakout the resistance level 1 before placing any buy order. **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
10
AUDNZD finally to shift out of descending TL?AUDNZD has been a weird pair. Ultimate trend down, but stuck in a range for 7 years already, and no breakout in view. For now, I do see it go long, and potentially trap buyers, but we remain neutral on that for now. Currently, I am eyeing an entry on H1, with the Corrective Pattern broken and potentially getting a retest now. Further confluences are as following: -H1 Structure -50%/61% fib retracement -Breakout of H1 Corrective Pattern -H4 bullish engulfing -Seasonal Prime iextremely Bullish Enter at your own risk and use proper risk management.
Long
by Faizxn_ah
AUDNZD short Trend is your Friend! 1. One Touch, Two Touch and Third Touch usually completes a Trend. 2. EMA acting as Dynamic Resistance, 3. Markets has Bounce off our Golden Fib Zone, Trend line an Psychological level @ 1.08400 where big institutions place orders and take profit. 4. Waiting for 3 Eight hour candles to show signs of rejection to place Sell order 5. I will be Selling at current Price Level @ 1.08400 Safe SL @ 1.08600 80% Partial TP @ 1.07100 10% Partial TP @ 1.07000 Remaining Trade TP @ 1.06800 Only 5% risk will be take for this trade
Short
by Mafora
AUDNZD loves downward channel​​AUDNZD-H1 Key points ⚡️ After the impulse moves from 1.05500 level it has reached around 1.1000 level which is a key psychological level and started falling ⚡️We can clearly see the LL LH LL patterns and trading in a downward channel ⚡️The first major rejection comes around 23.6% Fibo at this level we have selled before but unfortunately it's retraced back towards entry point and felled almost +70 pips from 1.09300 level ⚡️Currently the price felled below the 50% fibo and will continue to fell towards 1.06000 level Like and share our ideas with your friends..Icu have any questions related to this idea comment below
Short
by forexorbit
2