Get started

Audnzdlong

AUDNZD facing bullish pressure | 11 May 2021Prices are facing bullish pressure from ascending trendline support, in line with horizontal swing low support, 61.8% Fibonacci retracement and 78.6% Fibonacci extension . Prices might push up towards horizontal swing high resistance which coincides with 78.6% Fibonacci extension . If prices push down further, prices might take support from horizontal swing low support in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension . Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Long
by FXCM
AUDNZD facing bullish pressure | 11 May 2021Prices are facing bullish pressure from ascending trendline support, in line with horizontal swing low support, 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push up towards horizontal swing high resistance which coincides with 78.6% Fibonacci extension. If prices push down further, prices might take support from horizontal swing low support in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Long
by FXCM
4
Aud/Nzd setupOn 1 hour timeframe Audnzd recently broke the descending channel and currently in a Subminuette-v within Minuette-i. I'll be looking for slight correction, maybe near 50% fibo level to complete Minuette-ii. Then I'll be waiting for a convincing impulse back up. Since it is Minuette-iii, I like to keep my target near 1.618 extension which is also a daily resistance, 1.0940. If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. If there's any ambiguity then I will not place this trade.
Long
by pips19