Audnzdanalysis
AUDNZD Elliott Wave View: Further Downside ExpectedHello Traders,
AUDNZD Short-term Elliott Wave view suggests that the rally to 1.1066 ended red wave X. The internal subdivision of red wave X is unfolding as a zigzag Elliott Wave structure where black wave ((a)) ended at 1.1048, black wave ((b)) ended at 1.0992, and black wave ((c)) of X ended at 1.1066. A zigzag is a 5-3-5 ((a))-((b))-((c)) structure in which the subdivision of wave ((a)) and ((c)) is in 5 waves, either as impulse or diagonal.
Down from 1.1066, red wave Y is in progress as a double three Elliott Wave structure where black wave ((w)) ended at 1.0945 and black wave ((x)) ended at 1.0986. Below there, it soon can end a 5 waves structure in blue wave (a). Afterwards, a correction in blue wave (b) in 3-7- or 11 swings is expected. As long as the pullbacks stay below 1.09875 it is expected to see more downside. We don’t like buying the proposed rally and prefer more downside in 3-7-11 swing as far as pivot at 1.09875 high stays intact.
AUD|NZD LONGI think it's going to be tobo. As long as the trend line is not broken, it will continue to rise. The red line is now a resistance point, and will be a strong 2.93% support point when it breaks and closes. Don't forget to follow us and like the -1.63% chart.
LONG OPPORTUNITY AUDNZDWe need to be patient and watch carefully for the outcome of this potential set up. If correct we should be able to catch a really nice impulse wave at the breakout of the triangle ( yellow trendline) I set my entry at 1.0926 because I can't sit in front of the screen today but I might just get trapped in. So if you can watch the chart, just wait for the confirmation. S/L at 1.088 (conservative) 1.085 for more room. No target as with those set up I try to ride the wave as long as possible to maximise profit.
Trade Safe!!
AUDNZD Long Setup - Confluence on Multiple TimeframesThis 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, Return of the bulls ?In my view there is a possibility for reversal in price. Lets see how this will be behave. Please trade with care.
AUDNZD testing strong resistance, prepare to sellAUDNZD is testing strong harmonic resistance and looks poised to drop from here.
Sell below 1.0797. Stop loss at 1.0833. Take profit at 1.0706.
Reason for the trading strategy (technically):
Price is testing major resistance at 1.0797 (Fibonacci extension, bearish harmonic formation) and a strong reaction could occur at this level to push price down towards 1.0706 support (Fibonacci retracement, horizontal swing low support). Our stop loss is at 1.0833 which is just above a major swing high and Fibonacci retracement to give our trading setup ample breathing space.
Stochastic (34,5,3) is seeing nice resistance at 93% where a corresponding drop could occur.
AUDNZD Unexpected Bollinger Band SpikeHi traders,
A long wick has been left outside of the Bollinger Band, wonderful spike with the Bollinger Bands having the perfect angle. I entered the trade as soon as the candle closed with my profit target set at the 50% Fibonacci level. If the next candle goes against me, I will be closing the trade, otherwise I will put it to break-even. We have a slight divergence as well.
(This is not a trade recommendation!)
AUD/NZD 1H Chart: Breakout from symmetrical triangleAUD/NZD 1H Chart: Breakout from symmetrical triangle
In early hours of this trading session the currency exchange rate made a breakout from symmetrical triangle pattern amid the pressure from 55-, 100- and 200-hour SMAs. In result of this downfall the pair has formed a minor descending channel, which is should guide movement of the pair at least until release of data on the New Zealand Retail Sales. But publication of worse than expected figures is unlikely to change the overall trend, according to which the pair is expected to ultimately reach the lower support line of the dominant rising wedge formation. In case the pair bypasses the above moving averages, the subsequent surge should be neutralized by the upper trend-line of a medium-term descending channel.
short at 1.1250 target 1.1132 for technical pullback I expect a technicla pullback after a big breakout of a long term wegde .
so even Nzd is very weak and it will be hard ,usually most of beakout get them pull back around them breakout level.
Also he is luch overbought and we not get yet the new GOV statement about monetary policy...so i try t coz if they mess dovsih same as investor speculate the NZD will get back some Power short time
Short at 1.1250
Target at 1.1132
gain=118 pips
Stop loss 1.1315
same all time i open 2 different position and will close one if i have opporunity to win about 30% of may target and let the secodn in trailing stop
AUDNZD Short Trade (Quick Profit)AUDNZD Predicting a downward move with this pair. Targeting 1.085 levels SL: 1.095 levels. Le Goo!!!
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
Simple daily viewAudNzd simple daily view
we can see he forming a wedge and so an exit from the top or the bottom will give a big signal for i think long time trade.
( i not make new chart so i not make all res and sup,and many are from intrady,sorry)
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!
