Audnzdshort
AUDNZD SHORT TERM SHORT, LONGS PENDING.Hey Traders. Here is the full breakdown analysis for AUDNZD short term and long term. Let me know your thoughts below!
AUD/NZD Elite SpotPrice reached elite spot for and rejected from weakly resistance level at 1.08983. We are looking for sell entry with stop loss above the buyers territory.
AUDNZD Short Trade PlanHey traders, here is the analysis of the AUDNZD short trade. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
AUDNZD, Biased ?AUD is pretty much weaker so does NZD,
So strong bearish signs
but technically
Falling Wedge
Strong Rejection
TL Holding
If holds then strong bullish
else
wait for the breakout and Retest
We'll be having major Fall..
AUDNZD Elliott wave analysisFX:AUDNZD
Due to the weaker monetary policy in of reserve Bank of New Zealand the kiwi dollar had lose some strength against all the currency pairs
AUDNZD has managed to gain some strength towards 1.10430. At 1.10320 it has formed a double top formation which triggered selling of kiwi dollar
An it also formed a ABCDE Elliott wave pattern which has further sliding of AUDNZD
Currently this pair was trading in a falling channel.
After reaching 1.0900 which is a major psychological level it bounced back towards 1.09600.
Here is a 50% Fibonacci of previous high and low At this juncture clear bearish engulfing candle has formed and a bearish flag pattern.
Suitable selling positions may opened at current level and the target would be 1.08383 which is a next resistance level and the expected level of Elliott wave 03
Stop lose may place above 1.10120 level
If the price broke at 1.1000 level this Elliott wave pattern will got invalidated
Important levels to watch
August high - 1.10434
August low - 1.07180
July low - 1.05650
July high - 1.07520
AUDNZD - Daily ResistancePrice has pulled back significantly into the previous daily resistance zone, It is likely to see rejections from this region, if we don't see any signs of rejection and the price manages to break below the key level marked we can look for potential selling opportunities from the re-test of structure.
According to COT data source - 57% short
AUD NZD SHORTOn the daily chart I have highlighted an Inside Bar price action signal. Initially I was watching for a break of the mother bar on the up side to go long. However, this is a perfect example of why you should wait for the close of the candle to make your decision. It in fact, broke to the down side, breaking recent support as well as forming a nice bearish pin bar on the 4 hour chart. These confluences gave me a signal to sell this pair.
AUDNZD finally breaks below the 1.09375 levelBeen watching this pair for a while. Actually took a loss near the end of last week when I went long. Now that price is trading below, I am now bearish for a couple of reasons.
1. Price hasn't made a higher high since the morning of August 18th.
2. Price made another push higher, but was followed by indecision. This is the first indication that buying pressure has weakened. The origin of this push higher was at the 1.09375 level, which is why it's key to watch how price trades here.
3. Price broke above this level briefly on August 28th, but price did not sustain above.
AUDNZD shortMonthly
1 touch 2 touch makes a trend line
3rd touch usually completes the trend
Weekly
1 touch 2 touch makes a trend line.
3rd touch to complete the trend.
1. Market has reached psychological level
between 1.09100 and 1.10000.
2. Looking for 1 more weekly rejection candle to
support bearish momentum to the down side.
3. Looking for confirmation in the lower time
frame to take a sell.
4H
1. Waiting for price to retest 1.09500 or break up
and even get to 1.09600 and create a zone to
break out off heading down
2. If price respects 1.09500 and rejections candles
are created will be looking to take a sell down
to 1.08200
AUDNZD NEW ANALYSIS!Hi Traders, here is the full Video UPDATE Analysis / Breakdown for AUDNZD.
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AUDNZD SHORT POSSIBLILITYThis is just an idea of my outlook on audnzd. It had a bull run recently and a major pullback is long overdue. It broke downwards at a consolidation range and retested the support(Now resistance) and is looking itll go back down.
AUDNZD, 4hr tf, double top pattern with ichimoku confirmationHello my friends,
This pair come into my forex screener and i saw a promising setup to it.
A double top pattern on the 4hr timeframe, price also already broken below the neckline and retested it.
I got another confirmation from the ichimoku as price also broken below he bullish cloud. It also show sign that price could continue it declines as the cloud start turning red.
Sell AUDNZD @1.0930
Stop loss @1.0970
Take profit 1 @1.0880
Take profit 2 @1.0830
Use only 1-2% risk
Good luck
Disclaimer : i sold this pair at 1.0930 as well
AUDNZD DOUBLE TOPHello traders!
AUDNZD is at resistance area and is forming a double top pattern. Price is overbought and in need of some retracement. Price is forming double top formation with MACD divergence confirmation.
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Sell Opportunity For AUDNZD!!! As we can see, I will be expecting the elliot wave movement to end soon with possible retracement movement. If we look into the price movement, we can see price moving up slightly to a potential resistance area (red area) where I will expect to see a nice rejection off there. As for retracement level, I will seeing it moving towards 1.0795 level where there is a rather strong support level with a nice 50.0 fib retracement if it moves toward that area. As of now, I will be looking for a BEARISH movement for this pair with possible retracement waves taking over.
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AUDNZD - Time to short AUDNZD for long termAUDNZD has currently ranging within the trend channel resistance. Expecting a reversal soon from this level.
Target 1: 1.05800 area
Target 2: 1.04000 area
