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Audnzddaily

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.
by UnknownUnicorn890690
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 :)
Short
by FromForkToFingers
Long AUDNZD Longterm Based on Multiple Timeframes - 400pipsWe were long on AUDNZD from 1.03 and hit our TP yesterday at 1.09 where we touched the EMA200 as expected on the weekly time frame, however, the recent bullish move has shown strong signs of even a further bullish move and I cannot resist to re-entering, even if it is a Thursday evening before the last Friday of the month + Bank holiday weekend!! A closer look on the daily time frame shows we have successfully broke through a key resistance level . Zooming in to the hourly charts, we can see price was in a consolidation zone since yesterday morning and has now broke out above with another strong leg up. We are aiming for 1.10+ with a potential target of 1.13x for 400pips. 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.
Long
by AEFX786
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.
by UnknownUnicorn890690
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.
Long
by AEFX786
2
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.
Long
by MEX_Exchange
AUDNZD Bullish Pin Bar Hints at a Move HigherThe AUDNZD came alive in February and continued its bull move through the first half of March. It was the first significant higher high since March of last year when the cross was trading at 1.1280. Since last month’s high at 1.1018, the pair has pulled back and consolidated. But the way in which buyers have held price above 1.0765 suggests a healthy form of consolidation that could lead to the next leg up. Furthermore, Friday’s retest of 1.0765 carved out a bullish pin bar. The candlestick pattern suggests that a move higher is on the way, perhaps back to trend line resistance near 1.0900/20. As for a potential entry point, the 1.0790 area looks promising. This is the March 27th low and is also very near the 50% retracement of Friday’s range. Alternatively, a daily close back below 1.0765 would negate the bullish outlook.
Long
by Daily-Price-Action
AUDNZD - Long Positon for Atleast 600 Pips!Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential long position for at-least 600 Pips, It has a potential for 1100 or more pips, the minimum expectation is 600 Pips from this trade ! This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points. .TP & SL are mentioned in the chart. Adjust your Stop Loss according to your lot size, account equity ,strategy & money management. ***If you want to get in this trade from this point or 1.03530, you can still catch 350+ pips till TP1 is reached, however It may still go down keeping the current situation in mind , It is recommended to enter with a smaller lot size if you want to take a long position right away & manage your stop loss accordingly. Good Luck.! * This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity . Don't forget to like, If you like my analysis :)
Long
by Jaffery