Get started

Audnzdforecast

AUDNZD 4H Short out of support turned resistancePrice is in a downtrend and has now retraced into a key level on the 4H chart, as we've seen this zone hold as support for three bounces, and will now likely be an area of resistance. It is also the 50% fib retracement level, and we see price has pulled back nicely into the 4h 50MA. Stop is placed above the current trend line and the next fib retracement level, and we're targeting the last structural low as the first area of interest for profit taking. Will also look to take further profit at the 127% extension. TP1 gives this trade R/R of 3.5:1.
Short
by tomstewy
Potential Longer-Term Long Trade in AUDNZDThere is a potential long trade in the AUD/USD shaping up as the price bounces off support. One way to trade the pair is to buy between 1.04 and 1.0350, with a stop loss just below 1.03. This assumes that 1.0316 on January 8 was the low for this swing, but still gives the trade a bit of extra room in case that area is retested. This trade provides a greater than 4:1 reward-to-risk ratio, with the potential for 8:1 depending on the exact entry and profit target used. That sounds great, but there is the risk of being stopped out, possibly multiple times with this approach, if the bottoming process is choppy. The price may also not bottom out here and may instead bottom out at a lower level. Another buying method is to wait for a reversal to occur. I would want to see a rally above 1.05, followed by a pullback and higher swing low. Once the swing low has occurred, I would watch for a move back to the upside (daily chart) in order to go long. A stop loss is placed below the low that just occurred. This too can provide for an attractive risk/reward since the target is still the 1.07 region but the stop loss/risk could be quite small. This is the example shown on the chart. Small negative rollover on the long trade. Disclosure: not trade currently
by CoryMitchell-CMT
AUDNZD Complete Analysis: Both Long and Short OpportunitiesAUDNZD is trading in a bearish move for more than two months now after hitting multi-week high back in November. Lately, AUDNZD has gained some strength and consolidating at the bottom of the structure. From this area, two things are likely: 1) A strong impulse to the upside. 2) A final bearish move and strong upside. Either way, swing traders should look for buys when price hits the bottom. However, day traders can still sell as price is facing strong resistance in the 4H chart. Based on this analysis, my recommendation is to: 1) Sell AUDNZD@1.0408-1.0420. TP:1.0320 SL:1.0436 2) Buy AUDNZD@1.0280-1.0350 TP:1.0672 SL:1.0250
by YourLazyTrader
1
AUDNZDSeems like we are in the very important consolidating area on the 4h timeframe to dedicate to our swing on AUDNZD. As a professional trader, we are not a predictor, we will react to recent price action. It doesn't matter which way it will go we will adopt fast with my fellas and join that trend as soon as possible. If you like the analysis, hit the thumbs up button and share your support! If you have any other opinion don't be shy to share with us on the comment section below! Hope Good Earnings -mecZpasha
by SenseiAnalyst