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Audnzdforecast

AUDNZD Fundamental Analysis – September 9th 2019Here are the key factors to keep in mind today for Australian Dollar trades: Chinese Trade Balance: The Chinese Trade Balance for August was reported at $34.84B. Economists predicted a figure of $42.80B. Forex traders can compare this to the Chinese Trade Balance for July which was reported at $44.58B. Exports for August decreased by 1.0% annualized and Imports decreased by 5.6% annualized. Economists predicted an increase of 2.1% and a decrease of 6.3%. Forex traders can compare this to Exports for July which increased by 3.3% annualized and to Imports which decreased by 5.3% annualized. Australian Home Loans and Investment Lending: Australian Home Loans for July increased by 4.2% monthly. Economists predicted an increase of 1.5% monthly. Forex traders can compare this to Australian Home Loans for June which increased by 0.6% monthly. Australian Investment Lending for July increased by 4.7% monthly and the Owner-Occupier Loan Value increased by 5.3% monthly. Economists predicted an increase of 1.5% and a decrease of 1.0%. Forex traders can compare this to Australian Investment Lending for June which increased by 0.9% monthly and to Owner-Occupier Loan Value which increased by 4.1% monthly. Here is the key factor to keep in mind today for New Zealand Dollar trades: New Zealand Manufacturing Activity and Manufacturing Volume: New Zealand Manufacturing Activity for the second-quarter decreased by 0.7% quarterly and Manufacturing Volume decreased by 2.7% quarterly. Forex traders can compare this to New Zealand Manufacturing Activity for the first-quarter which increased by 1.0% quarterly and to Manufacturing Volume which increased by 2.0% quarterly. Should price action for the AUDNZD remain inside the or breakout above the 1.0630 to 1.0705 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.0660 Take Profit Zone: 1.0920 – 1.0990 Stop Loss Level: 1.0615 Should price action for the AUDNZD breakdown below 1.0630 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.0570 Take Profit Zone: 1.0385 – 1.0450 Stop Loss Level: 1.0630
by PaxForex
(AUDNZD) Short Trade setupWe Have Found Rising wedge in AUDNZD, The chart we are Doing Analysis is 1 Hrs. There is 12 Pips Risk and 64 Pips Reward You can take Entry Now or Wait for Rising wedge Break to Downside. On the technical analysis chart, a wedge pattern is a market trend commonly found in traded assets. The pattern is characterized by a contracting range in prices coupled with an upward trend in prices or a downward trend in prices. Credit: Wikipedia Note: This is only for Educational Purpose this is not Investment advice. Please support the setup with your likes, comments and by following on Trading View. Thanks Adil Khan.
Short
by Make_Money_Guru_Bitcoin
1
There is a trading opportunity to buy in AUDNZDMidterm forecast: While the price is above the support 1.0275, resumption of uptrend is expected. We make sure when the resistance at 1.0630 breaks. If the support at 1.0275 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 41. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.0360 to 1.0275). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.0360) Ending of entry zone (1.0275) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 1.0430 TP2= @ 1.0490 TP3= @ 1.0585 TP4= @ 1.0660 TP5= @ 1.0760 TP6= @ 1.0850 TP7= @ 1.0990 TP8= @ 1.1140 TP9= @ 1.1335 TP10= Free
Long
by ForecastCity
2
There is a trading opportunity to buy in AUDNZDMidterm forecast: While the price is above the support 1.0275, resumption of uptrend is expected. We make sure when the resistance at 1.0630 breaks. If the support at 1.0275 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 41. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.0360 to 1.0275). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.0360) Ending of entry zone (1.0275) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 1.0430 TP2= @ 1.0490 TP3= @ 1.0585 TP4= @ 1.0660 TP5= @ 1.0760 TP6= @ 1.0850 TP7= @ 1.0990 TP8= @ 1.1140 TP9= @ 1.1335 TP10= Free
Long
by ForecastCity
9
AUDNZD Is Ready for next Move.AUDNZD is in Down channel pattern were in the lower time frame we bet Rising wedge pattern we need to wait for break down the pattern so that we can take them as per the market move everything was mention on the chart. Note one think the market can go further more upside till Down channel pattern resistance line there is really Big Stop loss but if market break downside then it will continue the trend. Note: This is only for Educational Purpose this is not Investment advice. Please support the setup with your likes, comments and by following on Trading View. Share Our Chart on All Social Media. Thanks Adil Khan
Education
by Make_Money_Guru_Bitcoin
7