AUDNZD My ForecastFX:AUDNZD H4 Chart analysis, If its reach the below support level i think it should good opportunity for long trade.
Audnzdforecast
BUY AUDNZD 1.09250Buying AUDNZD on a potential reversal zone. having stop loss on 1.08600
Target is Open yet. but maybe near to 1.11650 Level
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.
Possible Head & Shoulders Pattern on WEEKLYPossible formation of a head and shoulders pattern on the AUDNZD on weekly chart. Buying momentum decrease in lower time frames confirming resistance. Wait for proper sell signal on weekly to enter trade.
AUDNZD bearish ideaIchimoku, SSRC, & heiken ashi all bearish, target 90 level from 45 level on Gann sqr9. Modest target 1.07132. Wait for one more bearish heiken ashi bar before entering.
AUD/NZD is looking for breakout on daily chart!!!I see bullish divergence(@macd) on daily chart and falling wedge.
Watch for breakout or buy in when we are on general support of AUD/NZD.
If we see bullish breakout from falling wedge in future days, this can be very profitable trade so please watch AUD/NZD carefully.
Have a nice day
Berk
AUDNZD Continued DownTrend and Then Huge Possible BounceGetting close to major buy zone. Short term down trend followed by large move upwards.
AUDNZD Right On Major Resistance, Time To SellAUDNZD is at a good selling opportunity.
Sell below 1.0635. Stop loss at 1.0656. Take profit at 1.0562.
Reason for the trading strategy (technically):
Price is now testing major resistance at 1.0635 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices down to major support at 1.0595 (Fibonacci retracement, horizontal swing low support). We do have to be cautious of intermediate support at 1.0595 (Fibonacci retracement, horizontal overlap support) as price might bounce off there and only a break of that support would open a further drop.
Stochastic (34,5,3) is seeing strong resistance below 95% where a corresponding reaction could occur.
AUDNZD Testing Key Support, Prepare For A BounceAUDNZD is now testing a major support level which is a good buying opportunity.
Buy above 1.0551. Stop loss at 1.0474. Take profit at 1.0823.
Reason for the trading strategy (technically):
Price is now testing major support at 1.0551 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, bullish harmonic formation) and a strong bounce could occur at this level to push prices up to at least 1.0823 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 2.5% where a corresponding bounce could occur.
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 Is Right On Resistance, Time To SellAUDNZD is testing major resistance and presents us with a good opportunity to sell.
Sell below 1.0711. Stop loss at 1.0734. Take profit at 1.0656.
Reason for the trading strategy (technically):
Price is testing major resistance at 1.0711 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices down to 1.0656 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support).
Stochastic (89,5,3) is seeing major resistance at 95% and a corresponding reaction could occur at this level.
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 WedgePrice is forming a wedge on the 4 hour timeframe and I expect price to make another leg down before it breaks to the upside. The reversal is also supported by bullish divergence on the Awesome Oscillator.
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!)
