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Audnzdanalysis

AUDNZD Double Bottom With A Trend Line BreakThe Weekly and Daily Time Frame are all bullish in middle of making their way up to resistance, coming from a strong solid support, the weekly time frame had scored a point and pulled back but I still believe that this is going up higher. the market has formed a double bottom and already broke the counter trend line Im going to wait for the market to pull back then im going to enter and im going to watch out at the resistance level if it breaks through it or if its going to stop and further consolidate, bigger picture this should break out to the north.
Long
by ElyaStein
AUDNZD BUY OPPORTUNITYAUDNZD has a great chance to pop up much higher after confirmation of this 3 simple steps that the market is showing us right now. 1) Breakout of the Daily Channel 2) Bullish Candlestick formation 3) Strong Volume Bar (indicates more buying interest) with that said the market is communicating with us telling us that he is getting ready to break up higher, Why? from seeing the breakout the Bulls are telling us, look I had the strength to breakout with a strong full body candle pushing through the whole channel, and not only that but also see the volume of buyers that are coming in as well to support this move, basically we also see what other people are doing. with just this 3 simple confirmations we can get a pretty good idea what the market is doing next. if you still don't understand don't hesitate to comment or PM in private Happy & Easy Trading! P.S nothing what i said here is certain that its going to happen, this is only my projection based of my knowledge and experience in the market
Long
by ElyaStein
There is a trading opportunity to buy in AUDNZDMidterm forecast: While the price is above the support 1.0275, resumption of uptrend is expected. We make sure when the resistance at 1.0630 breaks. If the support at 1.0275 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 41. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.0360 to 1.0275). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.0360) Ending of entry zone (1.0275) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 1.0430 TP2= @ 1.0490 TP3= @ 1.0585 TP4= @ 1.0660 TP5= @ 1.0760 TP6= @ 1.0850 TP7= @ 1.0990 TP8= @ 1.1140 TP9= @ 1.1335 TP10= Free
Long
by ForecastCity
2