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Audnzdanalysis

AUDNZDTwo different scenarios in this pair. A) The pair reacted perfectly to the trendline in place since the 17th of April. Yesterday it made a engulfing bearish candle right into support. If the lows of yesterday are broken it will be an indication to go short. At the moment a very normal pull back is happening B) If we look at the 4H chart we can see a somehow inverse H&S. The retracement to the trendline was perfect yes, but it was maybe a bit too deep and a bit too clean. This might be a sign of strength. If the trendline is broken I might consider going long. This view is also weakly supported by the 4H RSI that seems to be gaining a bit of strength as see on the picture below
by MicKi
SELL SIGNAL ON AUDNZD As you can see, AUDNZD Has shown Bearish momentum and currently price is in a small retracement as i would see it to a critical point of resistance that i have marked with the grey horizontal line. From this point, price may continue a potential bearish move to our take profit point that i have marked with the green horizontal line. Green line- Take profit Grey line - Entry Red line - Stop loss Risk exposure - 1% Risk to reward - 1:2 If you don't follow me already, hit that follow button!
Short
by Malika_Analysis
2
#AUDNZD It's time for buyers starts to stepping inI believe AUDNZD should go into up-trend very soon. We can see this hammer at the bottom of the bearish channel which means the trend should change now. Furthermore, the price is moving "Sideways" in this triangle, so it's time for some movement to the resistance. We can expect some bearish movement in the begging of the week, but eventually, the price should go higher. We are on very strong support which this hammer only confirmed this information. Let's see guys! I will be updating this.
Long
by Jakubaszek
2