Audnzdlong
AUDNZD LONGHi guys,
We have seen a tremendous downtrend in last couple of days and price has reached to major level of structure from where we see price reacts and we have a nice reversing candle on the 4h chart sitting at bottom suggests a trend reversal for now.
I have gone long and marked tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
Proyección en largo en divisa AUDNZDBuen día para todos los que lleguen a ver este análisis, les presento mi idea sobre este par de divisas.
El mercado me indica que luego de haber roto el banderín formado anteriormente, dando impulsos fuertes alcistas y respetando zonas importantes delimitadas en el gráfico. Utilizando la herramienta de fibonacci le damos cabida a la idea de tomar una posible zona de entrada del 61 al 78% del fibo, esperando que se siga respetando los movimientos de tendencia alcista.
New week first plan: AUDNZDMarket closed with hammer daily candle. it means price wants to test 1.082 again. if we see weakness in that level again, we can open short posision with thigt stoploss and good profit. I personaly put buy stop order in 1.085. because if it breaks the green line, trendline will break too and its start of upward trend.
Feel free to ask questions
Thank you for reading and leave your comments if you like.
AUDNZD Double Bottom With A Trend Line BreakThe Weekly and Daily Time Frame are all bullish in middle of making their way up to resistance, coming from a strong solid support, the weekly time frame had scored a point and pulled back but I still believe that this is going up higher.
the market has formed a double bottom and already broke the counter trend line Im going to wait for the market to pull back then im going to enter and im going to watch out at the resistance level if it breaks through it or if its going to stop and further consolidate, bigger picture this should break out to the north.
Australian dollar flagging against Kiwi dollarThe Australian dollar has rallied a bit during the training session on Monday again, pressing the top of what looks to be a bullish flag. This is one of the more bullish patterns that can form, and now it looks very likely to continue to push this market to the upside. The 50 day EMA underneath has offered quite a bit of support, and now it looks as if we are ready to go higher.
Based upon the height of the bullish flag, the market could then go towards the 1.15 level above. Short-term pullback should continue to offer quite a bit of support, as the 50 day EMA should continue to be important. Underneath there, at the 1.06 level we have the 200 day EMA. With that in mind, there are plenty of reasons to think that the buyers will return.
Keep in mind that the market features two currencies that are highly sensitive to Asia, and with the trade war going on there will probably be a lot of noise. However, Australia has the benefit of being a major exporter of gold, so that does tend to stabilize the policy more than anything else. Beyond that, the Australian economy is much more resilient in both scope and size than the New Zealand economy, so all things being equal when things get a bit dicey from a global standpoint, it makes sense that the market should continue your attire.
It is not until the market breaks below the 200 day EMA that selling is even possible, and at that point one would have to think that there is a complete shift in overall attitude when it comes to the US/China trade situation, or some type of major issue with the Australian dollar itself that would be shown again several different currencies.