Audnzdidea
AUDNZD downtrend setupprice direction: DOWNTREND
potential target price: 1.0568
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
AUDNZD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of AUDNZD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 45 - Nov 02
M > Price is respecting downward trend-line as resistance. It faced rejection at resistance level and completed W formation, it continued to drop to test monthly support.
W > After dropping to complete W formation price pulled up till 0.786 Fib level on bearish impulse and continued to drop till -0.618 Fib level on last bullish impulse. We can now expect a pull up for correction, we see an M formation and its neck is in between 0.382 and 0.5 Fib level on bearish impulse.
D > We can see two odd candles in bearish impulse, which will now act as supply zone.We can see another M formation in D chart. Bearish move has already lost its momentum and we can expect a reversal soon.
As per COT AUD saw closure of both Long and Short, improving net positions. AXY gained some lost position during the said week but dropped to test support level again last week. Any break further to the downside will be interesting opportunity to watch for. NZD saw addition of both Long and Short improving net positions to max for the year, whereas ZXY gained strength during the said week but it weakened last week. ZXY has been gaining strength slowly since June 2020 hence we can expect stronger NZD this week.
Weak AUD and strong NZD can push price toward consolidation.
4H > We can see bullish divergence. Price has been consolidating at current support level for past few days and this situation an continue before price pushes for an upward move.
Pair Correlation > AUDNZD has positive correlation with AUDJPY.
Thank You
AP17FX
AUDNZD POTENTIAL LONG TradeAudnzd prints a shark pattern which is currently around the potential reversal zone.
AUDNZD LONG- Respecting 0.786 fib level at a KEY level.
- Bullish engulfing formed over night.
- Bullish pressure breaking out of this consolidation zone.
- Next key area is 1.08140, so there's a lot of potential for a move to the upside without much resistance.
AUDNZD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of AUDNZD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 42 - 12 Oct
M > Price faced rejection at monthly resistance level and dropped to complete W formation. Price is respecting downward trend-line as resistance.
W > Price dropped beyond neck of W formation and started an upward move after facing rejection from weekly supply zone.
D > We saw formation of inverse H & S and as expected price broke daily support now turned resistance to move upside to complete our target. Price has now returned back to test daily support. Price can face rejection to move upside towards our next target.
As per COT AUD saw addition of major Long and Short positions, increasing net positions. AXY gained strength during the said week, it improved its position last week. NZD had closure of few Long and major Short increasing net positions, confirming strength of ZXY for the said week. Short positions have reduced to least in current year. ZXY has been gaining strength slowly since June 2020. ZXY improved its position last week.
4H > Price is facing rejection at support level and we can see two bearish candles with rejection bottom wick. Current candle should close with bottom rejection with in about an hour.
We will monitor price action for reversal confirmation to the upside.
Pair Correlation > AUDNZD has positive correlation with AUDCAD and negative correlation with GBPAUD on weekly timeframe.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions.
Thank You
AP17FX
AUDNZD RoadmapAUDNZD potentially to go up by +150 pips if the buyer manages to push the price to the 1.0930 resistance level, unconfirmed inverted H&S was formed and we need for the price to breakout the resistance level 1 before placing any buy order.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
AUDNZD short Trend is your Friend!
1. One Touch, Two Touch and Third Touch usually
completes a Trend.
2. EMA acting as Dynamic Resistance,
3. Markets has Bounce off our Golden Fib Zone,
Trend line an Psychological level @ 1.08400
where big institutions place orders and take
profit.
4. Waiting for 3 Eight hour candles to show signs
of rejection to place Sell order
5. I will be Selling at current Price Level
@ 1.08400
Safe SL @ 1.08600
80% Partial TP @ 1.07100
10% Partial TP @ 1.07000
Remaining Trade TP @ 1.06800
Only 5% risk will be take for this trade
AUD/NZD | Possible ShortAUD/NZD Sell
Resistance Levels: 0.07831, 1.08000, 1.08508
Support Levels: 1.07674, 1.07476, 1.07159, 1.6754
Possible Instant Sell:
Entry price: 1.07785
Stop: 0.08350
TP 1: 1.07159
TP 2: 0.06754
Good luck
#JustTradeFxOnline
Thanks for your love and support.
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AUD/NZD - ForecastAs you can see AUD/NZD has shown bearish movement after hitting the key resistance level at around 1.1042
Now it has retraced a little after reaching the KEY SUPPORT Level at around 1.0840
Now we need to see if it will reverse back to the same RESISTANCE Level at around 1.1042 or continue down to next major support level at around 1.0660.
If it comes back to the 1.0840 level and breaks it then SELL is confirmed.
A Like would be appreciated.
AUD/NZD BullishIn my opinion do not rush to enter the buy. price probably will reject from this level however the current momentum is still bearish. Wait until price shows the bearish are slowing down and bulls are ready to bring the price up.
AUD/NZD Long Short TermGood day, snipers. Here in AUD/NZD, price recently broke major resistance now turned support and now broke a minor resistance turned support and rejecting 61.8 Fib Level. We are riding the trend here and price making higher highs and lows. Stops just below the support level
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AUD/NZD Wait for a Better ShotGood day, snipers. Here in the AUD/NZD , we never got the rejection candle on my previous analysis so, we didn't take the trade. Now price broke a resistance level and retested it. Price also is no longer making lower lows and highs and no longer below the 20, 50, and 100 EMAs. I will just be looking forward to a better risk : reward ratio before entering.
Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up.
Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
Join the discussion down below.
AUD/NZD Bears In Control?Good day, snipers. Here in the AUD/NZD, we are about to retest the minor resistance zone formed in lower and higher time frames. This zone was also considered as the 61.8 Fib level, where I expect movements to the downside. RSI also shows it is in overbought territory. I will be looking for a bearish confirmation before going short. If price makes a higher high, I am out of this trade, that's why stop loss is quite tight.
Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up.
Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
Join the discussion down below.
AUDNZD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
AUDNZD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
AUDNZD - SELLThis pair is a bit of a mess.. we can see that price broke support and was pushed back up a little by the buyers.. the sellers forced price to break support so its safe to say we are setting up for a sell
I am waiting for confirmation before jumping in as price could float about before dropping
AUDNZD - SELL
SL - 1.07165
TP - 1.04209
AUDNZD - SELLOnce support has been broken and there is confirmation then we will sell to the green area
As we can see from this chart price broken through once but quickly shot back up past support.. I am waiting for a clear signal before entry
AUDNZD, SELL on Daily- 1.0885-1.0850 is a strong resistance zone. price already showed rejection from the resistance zone. "Bearish pinbar" on weekly chart is our confirmation for sell.
- If it breaks below 1.0645 level which is recent support then, our sell target would be 1.0350
- Price may again retest the resistance before falling.
