Audnzdtrade
AUD/NZD | Possible ShortAUD/NZD Sell
Resistance Levels: 0.07831, 1.08000, 1.08508
Support Levels: 1.07674, 1.07476, 1.07159, 1.6754
Possible Instant Sell:
Entry price: 1.07785
Stop: 0.08350
TP 1: 1.07159
TP 2: 0.06754
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AUDNZD may move downward!!Hello Traders,
The AUDNZD is looking like it may make a move upwards before trending back down. On the shorter time frames (4h), Hidden Bullish Divergence has formed at the bottom of the current pull-back. I expect price to rise back up to the current Resistance level around 1.0800 before making a significant move downwards.
The 1W chart is well above the zero-level and the trend appears ready to continue downwards. Hidden Bearish Divergence just formed on the 1W MACD/Price Chart, but I expect price to make one more push towards Resistance before falling due to the Bullish Divergences found on the shorter time-frames.
I will be watching this pair closely at the start of the trading week for a possible long-trade before entering a short position closer to Resistance.
Thanks for reading. If you liked my analysis, please give me a follow.
*The above is not investment advice but simply my analysis of the current market conditions and is for educational purposes only*
AUDNZD may begin to rise again!Hello Traders,
The AUDNZD may be nearing the end of its current pull-back. Bearish Divergence formed at the previous high on the 16H MACD/Price Chart, signaling the current draw-back. It appears this draw-back is coming to an end as the price is being rejected at the 50-EMA. Also, RSI has cooled off from OVERBOUGHT territory and is beginning to diverge from the Price Chart.
Thanks for reading. If you liked my analysis, please give me a follow.
*The above is not investment advice but simply my analysis of the current market conditions*
Sell AUDNZD Based on Bearish Harmonic GartleyThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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