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Audnzdshort

AUD/NZD IdeaHi guys, I'm quite new to all of this so any feedback or improvements would be very much appreciated! Here we have the pair AUDNZD and as you can see this pair has support at the 1.03163 area, price seems to be rejecting this area yet again. My thoughts are that this pair will now head north to 1.03634 area where it will create a new LH before continuing on its path down, so wait for the move north to finish and then ride it back down with the MM :) Cheers guys let me know what you think!
Short
by spilleyfx
1
AUDNZD 4H Short out of support turned resistancePrice is in a downtrend and has now retraced into a key level on the 4H chart, as we've seen this zone hold as support for three bounces, and will now likely be an area of resistance. It is also the 50% fib retracement level, and we see price has pulled back nicely into the 4h 50MA. Stop is placed above the current trend line and the next fib retracement level, and we're targeting the last structural low as the first area of interest for profit taking. Will also look to take further profit at the 127% extension. TP1 gives this trade R/R of 3.5:1.
Short
by tomstewy
AUDNZD Complete Analysis: Both Long and Short OpportunitiesAUDNZD is trading in a bearish move for more than two months now after hitting multi-week high back in November. Lately, AUDNZD has gained some strength and consolidating at the bottom of the structure. From this area, two things are likely: 1) A strong impulse to the upside. 2) A final bearish move and strong upside. Either way, swing traders should look for buys when price hits the bottom. However, day traders can still sell as price is facing strong resistance in the 4H chart. Based on this analysis, my recommendation is to: 1) Sell AUDNZD@1.0408-1.0420. TP:1.0320 SL:1.0436 2) Buy AUDNZD@1.0280-1.0350 TP:1.0672 SL:1.0250
by YourLazyTrader
1
AUDNZD Pending Short ****same idea as the Potential EURNZD SHORT but this one is most likely not going to get filled, because we're using OCO so EURNZD SHORT has higher chance to get filled**** we have a turnaround in the risk sentiment today from off to on from Asia session all the way to U.S. The catalyst is -better progress in U.S & China Trade Deal -better poll for UK election for Conservative Party However, with that being said, the risk on currency such as AUD is still in red today from * disappointed Retail Sales m/m * disappointed Trade Balance + * disappointed GDP data from yesterday basically, the consecutive negative datas have eliminated the previous bullish stance on AUD from the RBA statement and now even the risk on sentiment can’t save it! AUD is a good currency to sell. On the other hand, EUR is still on my watchlist to sell. JPY & CHF although is good to sell atm, but we’re heading into Thursday & weekend is coming, the current risk on sentiment is highly poetical based and with the NFP coming this Friday, the sentiment might turned around all together. NZD is also having a good day from the RBNZ comment and the current risk on sentiment, in fact, NZD has been one of the strong currencies all together. BOC rate statement and rate held today - but the stance was much hawkish than dovish, this on top of the fact the oil output is being cut by Russia and perhaps more by OPEC in the near future has caused oil price to go up and hence, helped CAD. Also, the fact that USD is weak now also helped CAD. WE will have to wait for the Friday job report for CAD before we can get in, but now our stance is a strong buy for CAD once we can clear out the job report data. My trade call today was to buy NZD to ride on the current risk on sentiment and central bank RBNZ hawkish stance but i don’t want to go against JPY & CHF because the sentiment can shift any moment + the weekend is coming. instead, i’m interested to sell EUR - because the current risk on sentiment + fundamental weakness AUD - because the weakness fundamentally and uneffet if the risk sentiment turns off EURNZD SHORT OR AUDNZD SHORT
Short
by enhokuo