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Audnzdlong

AUDNZD Fundamental Analysis – September 9th 2019Here are the key factors to keep in mind today for Australian Dollar trades: Chinese Trade Balance: The Chinese Trade Balance for August was reported at $34.84B. Economists predicted a figure of $42.80B. Forex traders can compare this to the Chinese Trade Balance for July which was reported at $44.58B. Exports for August decreased by 1.0% annualized and Imports decreased by 5.6% annualized. Economists predicted an increase of 2.1% and a decrease of 6.3%. Forex traders can compare this to Exports for July which increased by 3.3% annualized and to Imports which decreased by 5.3% annualized. Australian Home Loans and Investment Lending: Australian Home Loans for July increased by 4.2% monthly. Economists predicted an increase of 1.5% monthly. Forex traders can compare this to Australian Home Loans for June which increased by 0.6% monthly. Australian Investment Lending for July increased by 4.7% monthly and the Owner-Occupier Loan Value increased by 5.3% monthly. Economists predicted an increase of 1.5% and a decrease of 1.0%. Forex traders can compare this to Australian Investment Lending for June which increased by 0.9% monthly and to Owner-Occupier Loan Value which increased by 4.1% monthly. Here is the key factor to keep in mind today for New Zealand Dollar trades: New Zealand Manufacturing Activity and Manufacturing Volume: New Zealand Manufacturing Activity for the second-quarter decreased by 0.7% quarterly and Manufacturing Volume decreased by 2.7% quarterly. Forex traders can compare this to New Zealand Manufacturing Activity for the first-quarter which increased by 1.0% quarterly and to Manufacturing Volume which increased by 2.0% quarterly. Should price action for the AUDNZD remain inside the or breakout above the 1.0630 to 1.0705 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.0660 Take Profit Zone: 1.0920 – 1.0990 Stop Loss Level: 1.0615 Should price action for the AUDNZD breakdown below 1.0630 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.0570 Take Profit Zone: 1.0385 – 1.0450 Stop Loss Level: 1.0630
by PaxForex
AUDNZD Bullish Channel AUDNZD is moving up nicely so far with in its new created channel, I believe this is still going higher and there is still money to be made here if you play it right. Buying low at the bottom of the channel can be a good idea if it holds, I have taking profits at the top of the channel and Im looking to reenter at the bottom, if it shows me a buy signal, one of the things I will look for is a increase in buying Volume at the bottom of the channel where it currently is. If it break down I'm still bullish but in the short term it might make a deeper retracement, AUDNZD if you look back at the past you will see that its very aggressive when going up so im expecting this to be no different. I hope you found this post valuable. Best of Luck With Your Trading.
Long
by ElyaStein
AUDNZD BUY OPPORTUNITYAUDNZD has a great chance to pop up much higher after confirmation of this 3 simple steps that the market is showing us right now. 1) Breakout of the Daily Channel 2) Bullish Candlestick formation 3) Strong Volume Bar (indicates more buying interest) with that said the market is communicating with us telling us that he is getting ready to break up higher, Why? from seeing the breakout the Bulls are telling us, look I had the strength to breakout with a strong full body candle pushing through the whole channel, and not only that but also see the volume of buyers that are coming in as well to support this move, basically we also see what other people are doing. with just this 3 simple confirmations we can get a pretty good idea what the market is doing next. if you still don't understand don't hesitate to comment or PM in private Happy & Easy Trading! P.S nothing what i said here is certain that its going to happen, this is only my projection based of my knowledge and experience in the market
Long
by ElyaStein