Audnzdlong
We might see AUD/NZD going higher.💡Hello traders,
I will really apricate any likes and follows, that would help grow this channel.
AUD/NZD has been trading above this horizontal support line for quite some time now and we expect price to bounce higher once again.
Let us know what you think about this idea.
Trade safe !
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 LONGBased on my analysis, I anticipate price to bounce off the trendline to trade within the ascending channel and head upwards.
I've already entered the trade at 1.06400 right after completion of the retest on the 1H chart.
Risk reward ratio: 1:7.9 (Swing trade)
SL: 1.06147 (-36.2 pip ris)
TP1: 1.07467
TP2: 1.08210
TP3: 1.08816
TP4: 1.09368
Let me know what your thoughts or analysis are on this pair.
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.
AUDNZD may begin to rise again!Hello Traders,
The AUDNZD may be nearing the end of its current pull-back. Bearish Divergence formed at the previous high on the 16H MACD/Price Chart, signaling the current draw-back. It appears this draw-back is coming to an end as the price is being rejected at the 50-EMA. Also, RSI has cooled off from OVERBOUGHT territory and is beginning to diverge from the Price Chart.
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*The above is not investment advice but simply my analysis of the current market conditions*
1D/16H AUDNZD AnalysisHello Traders,
I will be watching the AUDNZD for a possible break-out above the previous Resistance levels. On the 1D chart, a Bullish Engulfing Candle formed and easily eliminated the prior days’ losses. Strong Hidden Bullish Divergence has also formed on the MACD Platinum/Price Chart 1D.
Elsewhere on the 16H, the price has diverged from the RSI since mid-April (see attached 16H chart). This has resulted in the current RSI level being quite far from the previous highs. The RSI appears to have some room to move upwards before reaching over-bought territory.
There is a possible short-term set-up to current Resistance levels but in my opinion, the risk/reward is not there.
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*The above is not trading advice but simply my analysis of the market*
AUDNZD MULTI TIMEFRAME STRUCTURE ANALYSISThe pair has bounced from the horizontal resistance line and also from the diagonal channel resistance line on the daily and is now trading near the local highs.
The closeup analysis identifies that that the pair still has not broken the 4 month long diagonal support uptrend line, which is now close to intersecting with the greater channel resistance and the greater horizontal structure resistance lines.
Locally, there is an important horizontal support line, which forms one side of the appearing triangular pattern.
Together with the double bottom, the pair is set to reach the triangle resistance line.
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Wish you all best of luck in your trading.