Get started

Audnzdtrading

AUDNZD: Bullish extension expected.AUDNZD is bullish on its 1D technical outlook (RSI = 60.156, MACD = 0.002, ADX = 27.433) as it maintained the rebound made on the 4H MA200 and bottom of the Channel Up. According to the 4H RSI, this pattern is similar to the 4H MA200 of April that made one final extension on that rebound to the 1.786 Fibonacci level. Our target is slightly under it (TP = 1.117500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
AUDNZD: Channel Down top rejection.AUDNZD is marginally bullish on its 1D technical outlook (RSI = 58.715, MACD = 0.003, ADX = 36.182) as it started pulling back after the price got rejected at the top of the June-initiated Channel Down. All same RSI based pullbacks hit at least the 0.618 Fibonacci level and declined by at least -2.62%. Under those conditions, we are short on AUDNZD, targeting the closest of the two levels, the 0.618 Fib (TP = 1.07200). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
AUDNZD: These Support levels favor a rebound.AUDNZD is almost oversold on the 1D timeframe (RSI = 32.701, MACD = -0.002, ADX = 44.479) hitting yesterday the July 14th Low. The long term pattern started as a Channel Up but recently has switched to a Rectangle. The 1D RSI has been a Rectangle through the whole year and being on its bottom currently, calls for a buy. We are long, targeting the LH trendline (TP = 1.10000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
AUDNZD: Bullish Cross can take it higher for a new sell entry.AUDNZD is currently forming a Golden Cross on the 1D timeframe, which is technically bullish (RSI = 59.438, MACD = 0.004, ADX = 24.813). The symmetric sequence on the 1D RSI with the February-April phase indicates that the Cross can indeed push the price higher, over Fibonacci 0.618 and then decline to form the Lower Low at the bottom of the long term Channel Up. We are already on a sell since June 7th (see idea below) but we will add another on Fib 0.618 targeting the Channel's bottom (TP = 1.062500) again. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
AUDNZD: Turning into a sell as it approached the Channel's top.AUDNZD is on a very aggressive short-term rally following the 1.05600 Low, turning overbought on its 1D technicals (RSI = 73.113, MACD = 0.006, ADX = 40.707). As the price approached R1 (1.108900), it is gradually turning into a sell opportunity, with the Channel Up Top being just over. Consequently, we turn bearish ourselves, targeting the bottom of the Channel Up (TP = 1.062500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
14