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AUDNZD trade ideas

AUDNZD POTENTIAL SHORT OPPORTUNITYHello Everyone! How are you all? AudNzd is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on. So, I will be looking for a bearish continuation because of the following reasons: 1. The overall trend is bearish. 2. The price has made a sell impulse and forming a sell continuation. 3. The price is approaching the value area structurally. Game Plan: If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a 15mins flag with two highs and lows. Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
Short
by DTreasureMarketHub
6
AUD/NZD Eyes Bullish Rebound Current Market Sentiment: Potential Bullish Reversal 1. Exhaustion of Bearish Momentum at 1.08500 Level: The AUD/NZD currency pair appears to have exhausted its bearish momentum around the 1.08500 level. This level has acted as a significant support zone, where sellers have struggled to push the price lower, indicating a potential weakening of the bearish trend. 2. Expected Consolidation and Bullish Approach (1-Hour Chart): On the 1-hour chart, the trend is showing signs of consolidation, which is often a precursor to a trend reversal. The market seems poised for a bullish approach, as the consolidation phase may allow for the accumulation of buying pressure. Traders should watch for confirmation signals, such as bullish candlestick patterns or a break above key resistance levels, to confirm this potential shift in momentum. 3. Bounce Back Potential from 4-Hour Regression Channel: The price has touched and tested the lower line of the 4-hour regression channel. This channel has historically provided reliable support levels during downtrends. The fact that the price has respected this lower boundary suggests a high probability of a bounce back, aligning with the broader expectation of a bullish reversal. 4. Targeted Bullish Range: 1.09300-1.09400: Should the bullish trend materialize as expected, the targeted range for this upward move is around 1.09300 to 1.09400. This range represents a key resistance zone where traders should consider taking profits or adjusting stop-loss levels. It is essential to monitor how the price reacts as it approaches this zone, as it may either continue its bullish momentum or encounter significant resistance. Disclaimer: Educational Purpose Only: This analysis is provided for educational purposes and should not be construed as financial advice. Market conditions can change rapidly, and it is important to apply proper risk management techniques and stay updated with ongoing price action to adjust your trading strategy accordingly.
Long
by ClearTradingMind
3
AUDNZD Long Opportunity: Riding the Upswing AUDNZD Long Opportunity: Riding the Upswing **Summary:** The AUDNZD pair is showing signs of bullish momentum, presenting a compelling long opportunity. With key technical indicators aligning and favorable economic conditions, this could be a lucrative trade setup. **Analysis:** **1. Technical Overview:** AUDNZD has recently bounced off a strong support level around 1.08680, indicating the presence of buyers in this zone. The pair has been trading in a broad range between 1.07 (support) and 1.10 (resistance) for the past few months. The recent price action suggests a potential breakout to the upside, as the pair is forming a bullish reversal pattern, possibly a double bottom, around the support level. **2. Indicators:** Using Vinnie's Trading Cheat Code, we have identified a clear Buy signal. The MACD has just crossed above the signal line, indicating increasing bullish momentum. RSI is also rising from oversold territory, currently around 50, and heading towards the 60 level, which often signifies strong upward movement. The Moving Averages are beginning to converge, which could signal a breakout from the current range. **3. Fundamental Factors:** On the fundamental side, recent economic data from Australia has been positive, with better-than-expected GDP growth and a stable labor market. Conversely, New Zealand's economy shows signs of cooling, with recent inflation data coming in lower than expected. This divergence in economic performance could provide the catalyst needed for the AUDNZD to move higher. **4. Trade Plan:** I am looking to enter a long position around the current price level of 1.08600, with a stop loss set below the recent support at 1.0700. My target is the upper resistance level at 1.11442, which provides a favorable risk/reward ratio of approximately 1:3. **5. Risk Management:** As always, it's essential to manage risk appropriately. I'm risking 1% of my trading capital on this trade, ensuring that the potential reward justifies the risk taken. **Conclusion:** AUDNZD is showing a promising long opportunity backed by strong technical signals and favorable fundamental conditions. With a well-defined trade plan and proper risk management, this setup offers an attractive opportunity for traders. --- **Disclaimer:** This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.
Long
by bluesignalfx
1
Trading the Inflation Sandwich: What to Watch?Trading the Inflation Sandwich: What to Watch? US CPI inflation (Consumer Price Index). The CPI report is expected to confirm a continuation of the disinflationary trend observed in recent months. Analysts predict the annual inflation rate to edge down to 2.9%, while the core inflation rate is likely to decelerate to 3.2%. This ongoing cooling of inflation could bolster expectations for the Federal Open Market Committee (FOMC) to lower interest rates in September. Should inflation continue its downward trajectory, the FOMC may shift its focus to job numbers with greater intensity. Reserve Bank of New Zealand (RBNZ) rate decision Of the 31 economists surveyed by Reuters, 9 expect the central bank to maintain its Official Cash Rate (OCR) at 5.5% for the ninth consecutive meeting, while 12 forecast a 25-basis point rate cut. A decision to hold could lend support to the New Zealand dollar (NZD), whereas a rate cut might exert downward pressure. Traders might like to keep an eye on the AUD/NZD cross, with key resistance and support levels possibly at $1.0975 and $1.0843 UK CPI inflation Following the Bank of England’s (BoE) recent decision to cut the Bank Rate by 25 basis points to 5.0%—the first reduction in four years—a fresh inflation report is due from the UK. Headline CPI inflation for July is expected to rise to 2.3% year-on-year from June's 2.0%, with estimates ranging from 2.0% to 2.4%. Core inflation, which excludes volatile items like food and energy, is projected to hold steady at 3.5%, with a slight margin of variation between 3.3% and 3.5%.
by BlackBull_Markets
AUD/NZD In Focus Ahead of RBNZ Rate AnnouncementThe AUD/NZD cross will be interesting to watch ahead of the Reserve Bank of New Zealand (RBNZ) rate announcement this week. Areas of Focus Areas of focus heading into Wednesday’s risk event include three key resistance levels at NZ$1.0975 (entered the fray last week), NZ$1.1028, and NZ$1.1051, with the lower of the three boasting strong historical significance. Support to be cognisant of includes NZ$1.0880, a level that happens to be closely shadowed by trendline support extended from the low of NZ$1.0564. While we have Aussie data out on Tuesday, it is unlikely to provide sufficient impetus to break this pair's recent range between resistance at NZ$1.0975 and support at NZ$1.0880. AUD/NZD Range Eyed The RBNZ holding its Official Cash Rate unchanged at 5.5% for a ninth consecutive meeting could underpin a bid in the NZD and potentially guide the AUD/NZD pair below the current range support and possibly south of the neighbouring trendline support to test a support area at NZ$1.0817-NZ$1.0844. Alternatively, a rate cut this week might send the cross higher, breaking range resistance and igniting a possible breakout buying opportunity in the direction of resistance between NZ$1.1051 and NZ$1.1028.
Long
by FPMarkets
AUDNZD POSSIBLE SWING TRADEThe market is currently testing the current 0.618 FIB ZONE. Based on market trend, the market is still bullish both on Weekly and Daily. We could see BUYERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Long
by WiLLProsperForex
AUDNZD POTENTIAL SHORT SCALE IN OPPORTUNITYHello Everyone! How are you all? Audnzd is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on. As we can see it has committed for selling opportunity. So, I will be looking for a bearish continuation because of the following reasons: 1. The HTF is bearish. 2. The price has made a sell impulse. Game Plan: If the price forms a 15mins flag with two highs and lows. Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
Short
by DTreasureMarketHub