Audnzdsell
AUDNZD to reverse from downside confirmation, potential drop!
AUDNZD to reverse from its downside confirmation at 1.06403 where it could potentially drop further to 1.06156.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
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
AUDNZD - FOREX - 28. AUGU. 2019Welcome to our weekly trade setup ( AUDNZD )!
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1 HOUR
Bullish pressure and price action on smaller timeframes.
4 HOUR
Bullish waving market with a few pullbacks to the downside.
DAILY
Very bullish market structure found its resistance now and need a pullback to the downside.
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FOREX SETUP
SELL AUDNZD
ENTRY @ 1.06280
SL @ 1.06640 (35 Pips)
TP @ 1.05680 (60 Pips)
RR: 1.70
Use 1%-2% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
(AUDNZD) Short Trade setupWe Have Found Rising wedge in AUDNZD, The chart we are Doing Analysis is 1 Hrs.
There is 12 Pips Risk and 64 Pips Reward You can take Entry Now
or Wait for Rising wedge Break to Downside.
On the technical analysis chart, a wedge pattern is a market trend commonly found in traded assets. The pattern is characterized by a contracting range in prices coupled with an upward trend in prices or a downward trend in prices.
Credit: Wikipedia
Note: This is only for Educational Purpose this is not Investment advice.
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Thanks
Adil Khan.
AUDNZD approaching resistance, look out for potential reversal!
AUDNZD is approaching its resistance at 1.04651 where it is could reverse down to its support at 1.04039.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.