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.
Audnzdanalysis
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 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. 📊✅
DeGRAM | AUDNZD returning to the channelAUDNZD returned to the descending channel and fixed above the lower boundary.
The price rebounded from the support level, which was a consolidation zone for a long time.
We expect the rebound to continue after fixing above the trend line and overcoming the resistance level.
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AUDNZDOn the monthly charts I see a bearish trend that has settled int a major consolidation/ranging market. Within the weekly leg, we have another bearish move and a consolidation. On the daily chart we have a break of structure confirming a bearish trend. Presently, I am waiting for a bearish correction to activate the sell limit orders.
AUDNZD:Bearish now, will NZD bounce back? OANDA:AUDNZD
In coming weeks, we can see NZD bouncing back strong, AUDNZD remained bullish, however after looking at the behaviour of how price moved, we expect bears to engulf the trend. Please use accurate risk management to be successful in the market.
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AUD/NZD +50 Pips , New Entry Valid To Who Missed First One !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
DeGRAM | AUDNZD pullback from resistanceAUDNZD is moving in an ascending channel between the trend lines.
The chart is under the resistance level.
The price has already reached the resistance, after which it quickly reacted with a decline and formed a bearish takeover after the second touch.
We expect a pullback from the resistance.
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AUD/NZD Giving An Amazing Bearish P.A , Time To Sell It ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDNZD - Buy opportunity ✅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 expect price to go a little bit lower to fulfill the imbalance and then to reject from bullish order block + institutional big figure 1.10000.
Fundamental news: Tomorrow (GMT+3) we will see result of Cash Rate on AUD, news with high impact on currency.
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DeGRAM | AUDNZD post-flagging growthAUDNZD is moving within the ascending channel after retesting the upper boundary.
The chart formed a bullish flag pattern after reaching the support level.
The price broke through the dynamic resistance, which now acts as support.
We expect the growth to continue, but the price may retest the lower boundary of the channel first.
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AUDNZD - Harmonic Pattern - Bearish Momentum ExpectedAUDNZD is currently forming a Harmonic Pattern (XABCD) on the chart. The pattern indicates a potential reversal of the current trend, with Point D marking the completion of the pattern. Based on this formation, we anticipate a Bearish trend momentum to follow from Point D.
Entry and Stop Loss:
Entry: 1.09480
Stop Loss: 1.09850
Take Profit Targets:
TP-1: 1.09100
TP-2: 1.08745
TP-3: 1.08370
Rationale:
The entry point of 1.09480 aligns with the anticipated reversal from Point D of the Harmonic Pattern. The stop loss at 1.09850 is set to mitigate potential losses in case the market moves against the expected bearish momentum.
For take-profit targets, TP-1 at 1.09100, TP-2 at 1.08745, and TP-3 at 1.08370 are strategically placed to capture potential downward movements in the market, considering key support levels and Fibonacci retracement levels.
Risk Management:
It is crucial to adhere to proper risk management principles while trading this setup. Position sizing should be adjusted to ensure that potential losses are within acceptable limits relative to the trading account size.
Conclusion:
Based on the analysis of the Harmonic Pattern and associated entry and exit points, we anticipate a Bearish trend momentum in AUDNZD from Point D. Traders should monitor the price action closely and execute the trade according to their risk tolerance and trading strategy.
DeGRAM | AUDNZD pullback from the trend lineAUDNZD is moving within the descending channel between the trend lines.
The chart instantly bounced lower after reaching the dynamic resistance level.
The price formed a bearish takeover.
We think that the price will correct from the resistance before continuing the momentum.
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DeGRAM | AUDNZD breakout of the ascending channelAUDNZD went down from the ascending channel.
The chart reached the 50% retracement level of the last bullish impulse.
The price formed a candle with a long upper tail.
We think that after the support retest the price will go down.
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Capturing Opportunity: Short Trade Setup on AUDNZDOverview:
AUDNZD has exhibited a notable rejection at a significant resistance zone, confluently aligning with the 4-hour trendline. This presents a compelling opportunity for a potential short-trade setup.
Entry Point:
Considering the observed rejection and alignment with the 4-hour trendline, an entry point at 1.09150 is recommended. This level reflects a strategic position to capitalize on the anticipated downward movement.
Stop Loss:
To manage risk effectively, a stop loss should be placed at 1.09490. This level provides a buffer against potential adverse price movements while allowing for sufficient room for market fluctuations.
Take Profit Targets:
Two take profit targets are identified:
- TP-1: Set at 1.08797, representing the initial profit-taking level. This level aligns with the anticipated downward momentum and serves as a conservative exit point.
- TP-2: Positioned at 1.08450, reflecting a deeper target for maximizing profit potential. This level accounts for further downside potential based on the prevailing market dynamics.
Conclusion:
In conclusion, the technical analysis suggests a favorable short trade opportunity for AUDNZD, with an entry point at 1.09150, stop loss at 1.09490, and profit targets set at 1.08797 and 1.08450 respectively. Traders should monitor price action closely and adhere to risk management principles throughout the trade execution process.