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Audnzdshort

AUDNZD ShortPlenty of activity in the markets to start the week! AUDNZD moved nicely. There was an opportunity for a short on the second touch of the outer trend line (reversal high test followed by bearish engulfing candle on the 4HR chart) D - Still a couple of hours away from the close but price is in an overall valuable area as it is just after the third touch within a big ascending channel. 4hr - breaking down nicely but remaining patient for a corrective structure in a possible continuation. a go to entry is a hover/ascending channel near the double bottom/ascneding trend line 1hr - similar to the 4hr, it is in an area of a double bottom and can possible head back up for a third touch within a bigger corrective pattern, however its more probable it will continue down if there is a nice correction. currently still in the USDJPY position- was taken out on the first trade from spreads and gapping but was reentered last night over, yen pairs looking nice for shorting!
Short
by Reid_Hicks
AUDNZD - FOREX - 16. SEPT. 2019Welcome to our weekly trade setup ( AUDNZD )! - 1 HOUR Bullish market and price action. 4 HOUR Bullish market need to find an end now, prices way to high. DAILY Bullish run without pullbacks at strong resistance zone now. - FOREX SETUP SELL AUDNZD ENTRY @ 1.08160 SL @ 1.08760 (60 Pips) TP @ 1.07140 (100 Pips) RR: 1.70 Use 1%-2% risk per Position! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
6
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