Audnzdanalysis
short at 1.0925 for target 1.0833- short AUDNZD at 1.0924 to target 1.0832
- NZD got better than inflation than expected in Q3
- the Rba meeting meeting shows that RBA is not hurry to hike rates even the global economy is quiet good as a labor market and co
so wit the contrast of this 2 opposite position even RBNZ not say that they will hike rate soon yet i think it can be a trade to try
Enter at 1.0925
Target at 1.0832
gain = 92 pips
Stop loss = 1.0962 = 35pips
Risk reward = 1/2.6
AUDNZD Daily EntryHi traders,
Spotted a very beautiful setup on the daily AUDNZD chart. Here's the deal:
The price trended up nicely with gorgeous swings, respected the 20-period moving average (20 SMA), made a double top (showing trend weakness) and broke with a strong bearish momentum the 20 SMA and the flipzone (= Support and Resistance area).
The Friday close allows me to enter on Monday market open as long there is no huge gap or anything similar.
2nd green rectangle shows the first trouble area where price might reverse again - it is up to you if you take your profits there or let it run. I am aiming for the bottom rectangle which, in my eyes, represents a stronger trouble area.
As always, stay patient and keep a strong money and risk management as even the best setups tend to fail.
Happy next week :)
AUD/NZD 1H Chart: Channel UpAUD/NZD 1H Chart: Channel Up
The Australian Dollar is gaining value against the New Zealand Dollar in a few days long ascending channel, which started to form in result of an extensive jump of the exchange rate from the monthly R1 at 1.0868.
Given the narrow structure of the pattern, it is not expected to guide movement of the pair for long. Most probably, the 55-hour SMA, which moves along the channel’s southern boundary, will help the rate to surge to the weekly R1 at 1.1017. Afterwards, the breakout most likely is going to happen.
On the other hand, the pattern might cease to exist even earlier because of some fundamental events, such as publication of information on the Australian Private Capital Expenditure on Thursday.
AUDNZD - LongWith the RBA Policy Meeting Minutes due to be released at 02:30GMT we should have the catalyst we are looking for to move AUDNZD.
With the Kiwi being weak recently and a number of AUD pairs at support/resistance, a hawkish tone from the RBA could send this pair higher.
If we see a dovish tone out of the RBA then we favour a short on the AUDJPY back down into the 85.500 zone.
AUDNZD trading opportunityFinally AUDNZD broke out of the range. It really took time but for sure it's a good thing in the end
AUDNZD has been resting at a major support zone for a while where it has not been able to go lower and the "only" way would be up.
AUDNZD is currently in a range and it has just visited the lower parts of it.
I will look for pullbacks to trade this pair
News for the upcoming week:
Tuesday, July 18, 2017
NZD Consumer Prices Index (YoY) (2Q)
Thursday, July 20, 2017
AUD Employment Change (JUN)
AUD Unemployment Rate (JUN)
AUDNZD range with possible breakoutAUDNZD has now been ranging for the last month more or less without a clear direction. It has hit resistance and support but able to create new lows and new highs but pushed back in. A breakout of this box can create a nice opportunity if the breakout is to the topside. A breakout to the downside is just a move into concrete floor of resistance without new lower lows since April 2015. It's possible for it to go down but it's not likely stay for long before being pushed up into the yearly range.
This pair i will just watch for some time then leave if nothing happens. It is possible to trade the range, but i'm not a range trader.
The high impact news for the coming week:
On AUD it's the Reserve Bank of Australia 's Cash Rate Target decision on Tuesday 4th of July
Trade only the trades you are most comfortable with. The price action tells you a story, you just have to listen!
Long AUDNZD Longterm Based on Weekly + 1D Charts for 400+ Pips!!In an ideal world, the AUDNZD would continue another wave of the uptrend and close above 1.10198.
Excuse my purple arrows lol they are for my reference of some S+R that I want to keep an eye on...
On the Weekly, we've been making lower lows since the 6th of April 2015.
More recently on the Daily chart, we've been making Higher Highs and Lower Lows since the 14th of September 2016
We can see clearly on the Weekly chart that price has found + respected resistance on the EMA200 line.
The EMA200 has now dropped below the last higher high, which was recorded on the 13th of March 2017 at 1.10027.
We can see the EMA200, on it's current course is set to be around 1.09170 when we approach our target and so that's our TP.
Stochs has just come out of oversold and our MACD indicator is preparing to complete a bullish crossover on the Daily chart.
We enter low, close to the trend line to minimise risk.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
AUDNZD testing major support, remain bullishBuy above 1.0491. Stop loss at 1.0430. Take profit at 1.0606.
Reason for the trading strategy (technically):
We look to buy above major support at 1.0491 (Fibonacci retracement, Fibonacci extension, long term horizontal support, bullish divergence) for a push up to at least 1.0606 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support above 1.9% and has also made a recent bullish exit signalling that a change in momentum is starting to take shape for our bullish rise in price. We also see recent bullish divergence signalling that a bounce is impending.