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Audnzdforecast

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 trend continuation pattern on playI believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be continuation or reversal. It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail. Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades. My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favourable trade setups and plans.
Long
by Dinkan
AUDNZD Carves Bull Flag Following 690 Pip RallyOver the weekend I mentioned the 1.0765 handle on the AUDNZD. Before the March 3rd close above the area, it had served as resistance on several occasions since May of last year. Although buyers haven’t shown much urgency, they have managed to hold price above the 1.0765 area this week. Furthermore, if we drill down to the 4-hour chart, we have what appears to be a channel within a channel. The price action over the last four weeks has carved out the larger of the two patterns. This formation has the look of a bull flag following the 690 pip run up from the current 2017 low of 1.0325. Within this descending channel, we have a similar yet steeper pattern. Today’s intraday break above resistance at 1.0808 signals that buyers may be ready to have another go at the larger channel resistance near 1.0900/10. From here, there are two ways to play the recent price action. The first is to watch for a buying opportunity on a rotation back to former resistance near 1.0800. A firm bid in this area would likely take the pair back to the 1.0900 region. The second option is to wait for a break of the larger channel before considering an entry. Although you’ll miss a portion of the move, the four-week structure is the more obvious play here in my opinion. I’m going to stand aside for now given the upcoming Australia employment figures at 9:30 pm EST. If we get a proper buy signal following the event, I may consider an entry. Otherwise, I’ll wait for a close above resistance near 1.0900/10.
Long
by Daily-Price-Action
AUDNZD Perfect Short opprotunity and Analysis Two scenerio conform our view on Audnzd ,,,, First ,,he made elliotwave pattern and now in elliotwave corrective move B to C,,,C corrective move complete at 1.0700 ,,,, 2ND ,,,he maade ABCD Pattern ,,,From top 1.1000 to 1.800 and then according to bc retracement ,pair going to 1.0700 level........nzdusd also bullish ,,,,sell from 1.0950 and tp 1 is 1.0800 and tp 2 1.0700 Also Show shooting star in Daily candle on 78.6 fibo level ,, that also conform the bearish trend in Audnzd ,,, Also audnzd breaking trendline on 30min chart Prefer to sell from 1.0950 and tp1 is 1.0800 and tp2 is 1.0700 Good luck
Short
by KhanBaba786
3
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