AUDNZD I Rejecting 50% fib and likely to continue upwardWelcome back! Let me know your thoughts in the comments!
** AUDNZD Analysis - Listen to video!
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AUDNZD Long Term Buying Trading IdeaHello Traders
In This Chart AUDNZD Forex Forecast By FOREX PLANET
today AUDNZD analysis 👆
🟢This Chart includes_ (AUDNZD market update)
🟢What is The Next Opportunity on AUDNZD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
AUD/NZD to benefit from yield differentials? A strong 2-day rally this week suggests AUD/NZD has printed its swing low at 1.07266. Whilst NZ inflation data was stronger than expected in Q2 and saw AUD/ZD pull back to 1.0800, we suspect it is still lower from the prior reads to allow the RBNZ to hold rates steady with an economy already in a recession.
We therefore see today's retracement lower to 1.080 as a potential gift for bulls, and for a move to 1.0900 or even 1.1000 over the coming weeks. The RBA may still have to hike once or more and that could see expectations of a lower RBNZ-RBA cash rate and support AUD/NZD.
A break beneath this week's low invalidates the bullish bias.
7 Dimension Analysis For AUDNZD 😇7 Dimension Analysis - Daily Time Frame: Spotting Bullish Opportunities for AUD/NZD
1: Price Structure:
Bullish trend with an initial choch (Correction of Higher Chance) phase. The move is impulsive, and the inducement is completed. Liquidity has been internally swept. First pullback count observed with extreme order flow area tapped. Time frame confluence at supply/demand levels on both weekly and daily charts.
2: Patterns:
🟢TREND LINES:
Broken on the bullish side, indicating a potential continuation of the uptrend.
🟢CHART PATTERNS:
Double top formed at the high of the previous swing high.
Daily rectangle pattern present, suggesting a safe side target around the previous high area.
Fake out visible at the bottom of the trend.
CIP (Change in Polarity) pattern evident with previous order flow support.
🟢CANDLE PATTERNS:
Multiple momentum candles observed in the previous 5 days.
Momentum breakout confirms with a big momentum candle.
Kicker pattern appears at the bottom of the current move, indicating a reversal.
Pro gap in the kicker formation.
3: Volume:
Significant volume session at the correction's low indicates substantial profit booking and a potential reversal.
4: Momentum UNCONVENTIONAL Rsi:
🟢 Bullish in Zone 1.
🟢 Range shift holding above 40, showing strong bullish momentum in the pair.
5: Volatility measure Bollinger bands:
🟢 Middle band support/resistance confirmed as the last insider bullback was supported by the middle band.
🟢 Squeeze breakout suggests high volatility, with a highly volatile move expected outside the upper band.
🟢 Walking on the band expected, as the last candle closed outside of the upper band.
🟢 Dual band derivation 1 supported.
6: Strength ADX:
Bulls are currently in power.
7: Sentiment ROC:
The rate of change indicates that AUD is stronger than NZD.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bullish
☑️ Entry Move: Bullish
✔ Support Resistance Base: 1.0875 area is a strong level for a buy entry.
➕ FIB:
↕️ Trend line breakout has occurred.
☑️ Final Comments: Buy at the mentioned level of 1.0875. Additionally, observe the first hour candle's open. If it makes an open low, consider buying. A gap-up open can also lead to a buy entry.
💡 Decision: Buy
🚀 Entry: 1.0875
✋ Stop Loss: 1.0786
🎯 Take Profit: 1.1076
😊 Risk to Reward Ratio: 1:3
🕛 Expected Duration: 7 days.
AUDNZD BullishWeekly average price above Monthly
Resistance 1.09329 is now support1
Support 2 is 1.07745
A break below 1.077745 is bearish trend(red arrow)
AUDNZD could close 3days in row above 1.9 support zone
Many technicians will recognise this as a potential trend reversal to the upside.
Fibonacci enthusiasts may also acknowledge that the dynamic value, which may serve well as resistance if challenged, is accompanied by a moderate Fibonacci cluster around $0.6681 (38.2% and 61.8% Fibonacci retracement ratios). Therefore, technically, this could prove a problematic headwind.
The levels above 1.11 are untested Highs and AUD will try to fill them
AUDNZD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDNZD - Bullish Long Term & Short Term Trend?Analysis:
Looking at the charts we can clearly see that price was in an upwards trend. We've seen price form higher highs and higher lows, until recently when we saw this trend change and price started to make a move to the downside. In our opinion price is still in a long term upwards trend, however the short term trend was to the downside, but we are actually bullish on this pair for a number of reasons. The first one being that we are at the 61.8% fib retracement level which is often classed as the strongest fib retracement level, so we have strong reasoning on why we think that buyers will step in at this level and push price higher. To further add to our bullish thesis, at this area we also have a strong level of support. Looking back in the past we've seen price reach this area previously and consolidate showing that this is a pretty strong level, and another reason on why we think buyers will step in here, but these aren't the only confluences we have to back our idea up. Price is forming a long term ascending triangle which is a bullish chart pattern, meaning that we expect price to be bullish and head to the upside which favours our idea. The bottom trendline for this pattern also lines up with our area of support and the 61.8% fib retracement level, so this is now looking like a very strong level to enter at. Finally for the technicals, we saw price respecting this short term downwards trendline until recently. Price was able to break out of this downwards trend signalling to us that the bears are no longer in control and it's time for the bulls to step in and push price higher. Again this favours our bullish thesis. Looking at the fundamentals as well we see that the AUD is the 6th strongest major currency whereas the NZD is the 5th strongest major currency. Whilst this doesn't go in our favour, there isn't a massive difference here and this also isn't the full picture. Taking a look at the COT report, we see that the AUD stayed pretty neutral with roughly the same decrease in long and short positions, however this isn't the same for the NZD. In fact we saw a big increase in short positions which signals to us that there is weakness to come for the NZD. Again this would be bullish for this pair. Overall almost everything we pay attention to is pointing to bullishness on this pair and with such a great opportunity setting up we have a great setup on our hands which is why we are bullish on AUDNZD.
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Stay Safe - The JPI Team
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
AUDNZD Long Term Trading IdeaHello Traders
In This Chart AUDNZD HOURLY Forex Forecast By FOREX PLANET
today AURNZD analysis 👆
🟢This Chart includes_ (AUDNZD market update)
🟢What is The Next Opportunity on EURUAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
AUDNZD Long Term Selling IdeaHello Traders
In This Chart AUDNZD DAILY Forex Forecast By FOREX PLANET
today AUDNZD analysis 👆
🟢This Chart includes_ (AUDNZD market update)
🟢What is The Next Opportunity on AUDNZD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
AUDNZD SELL LONGThe two Australasian currencies are represented in the Australian Dollar vs. the New Zealand Dollar pair. High Rollover rates and like geographical locations cause them to often trade alike against other currencies. Because of this the pair is not extremely affected by global factors or trends but instead reacts more to changes in the local economies. #AUDNZD
AUDNZD Trading Plan - 3/Apr/2023Hello Traders,
Hope you all are doing good!!
I expect AUDNZD to go Up after finishing this correction .
Look for your BUY setups.
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Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
20 Reasons for Buy AUDNZD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1.✨Eagle Eye: From 2013 to 2023, this market has been in a range-bound state with no clear direction. However, a closer look at the last four candles reveals a pattern of higher highs and higher low, indicating the presence of bullish corrective strength in the market.
2.📆Monthly: A bullish change of character has occurred, and this marks the fourth low in the current range. Based on historical data, there is a 68% chance that the market will move up.
3.📅Weekly: The picture in this time frame is much clearer now that the monthly time frame has been analyzed.
4.🕛Daily: After a deep inducement and a range-bound period, buyers have entered the market.
😇7 Dimension Analysis
🟢 Analysis Time Frame: D1
1 Price Structure: Bullish reversal after inducement.
2 Pattern Candle Chart: A big momentum candle is present.
3 Volume: There is massive volume at this range, but the price has not gone further down, indicating bullish sentiment. A big bullish candle also confirms this.
4 Momentum UNCONVENTIONAL Rsi: The RSI is sideways, but it made a massive support move at the last candle, indicating that bulls have entered the market.
5 Volatility measure Bollinger bands: The bands are squeezed, and we need to see a close outside of the band to confirm the bullish move.
6 Strength ADX: Currently sideways.
7 Sentiment ROC: No sentiment confirmation, both are equal.
✔️ Entry Time Frame: D1
12. Entry TF Structure: Bullish.
13 Entry Move: Impulsive.
14 Support Resistance Base: Daily FVG.
15 FIB: Trendline also broke, triggering a buying event.
☑️ Final Comments: Buy if today's high is broken.
16. 💡Decision: Long.
17 🚀Entry: 1.0820.
18 ✋Stop Loss: 1.0660.
19 🎯Take Profit: 1.2000.
20 😊Risk to Reward Ratio: 1:7.
🕛 Expected Duration: 60 days.
AUDNZD 1hr long entryHello guys,
Today we are going to take a long entry in this currency pair. This one is for retracement. If you look at this currency pair, the 1-hour chart has given a break down in the ascending triangular pattern. So, from here, there is a chance for this currency pair to go up. After that, there is a chance to start a downward direction. So take this trade carefully.
Thanks & Regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".