AUDNZD looks strong bearish AUDNZD looks strong bearish we can see bearish divergence that's why its looking bearish . what do you think?Shortby zainmalang30119
AUDNZD - Trend Reversal Around The Corner!- Pair is currently making HH and HL showing classic up trend. - Last impulse limb went from 1.08628 to 1.09155. - Since, price has retraced to almost 0.618 Fibonacci retracement value making HL of 1.08838. - Price has completely retraced to trend line - Bullish confluence is observed by price moving to 0.618 fib level and touching trend line - Bearish divergence has been identified from last two HH, with prospects of change in trend more evident. - Wait & See should be observed at this point, till market responds to bearish divergence - No trades should be taken at this momentby AnalytixEdgeByQasim115
AUDNZD BUYSHello traders, as we take a look at AUDNZD, we are currently in a bullish trend, I am expecting price to continue bullish for new highs off of this demand zone. We should stick with the trend until it is broken. Good luck traders, be sure to use proper risk management by CipherFX_2
AUDNZD Potential UpsidesHey Traders, in the coming week we are monitoring AUDNZD for a buying opportunity around 1.08500 zone, AUDNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08500 support and resistance area. Trade safe, Joe.Longby JoeChampion4
AUD/NZD (SHORT - SELL)AUD/NZD (SHORT - SELL) AUD/NZD is currently starting a consolidation with a possible bearish reversal. It has clearly reached a major resistance area on the daily and weekly chart. It could possibly still go up to 1.09350 before the trend reversal take full effect. The weekly and daily resistance area has been tested twice in the past and have failed, this is now the third attempt. The AUD/NZD on the daily and weekly is clearly in an overbought status where a pullback and possible reversal could be starting to occur. Should the AUD/NZD continue on its current bullish trend it has a two major resistance areas at at 1.09202 and 1.10212 to break through. The resistance area at 1.09202 has been tested and failed twice. The resistance area at 1.10212 has been tested and failed once. Both these strong resistance areas as on the daily and weekly. The Monthly trend is Bearish The Weekly trend is Bearish The Daily trend is Bearish Weekly Momentum Indicator turned from a Buy to a Sell. a Harmonic Shark Bearish Pattern has formed, indicating a further potential reversal zone on the 4H. Fundamental Consideration: a RBA (Reserve Bank of Australia) meeting is occurring this Tuesday that will have an effect on AUD on monetary policy, including decisions on interest rates. These meetings typically occur monthly, with the outcomes closely watched by financial markets, economists, and the public because they can have significant impacts on currency values, interest rates, and the overall economy. The outlook for the AU remains highly uncertain. While there are encouraging signs that inflation is moderating, the economic outlook remains uncertain. The December quarter national accounts data confirmed growth has slowed. Household consumption growth remains particularly weak amid high inflation and the rise in interest rates. After recent declines, real incomes have stabilised and are expected to grow from here, which is expected to support growth in consumption later in the year. Meanwhile, growth in unit labour costs remains very high. It has begun to moderate slightly as measured productivity growth has picked up in the past two quarters but whether this trend will be sustained is uncertain. The central forecasts are for inflation to return to the target range of 2–3 per cent in 2025, and to the midpoint in 2026. The Retail Community Outlook for this trade is as follows: Around 56629 SHORT – 97% Around 3126 lots LONG – 3% We are already actively SHORT on this trade Our Entry at 1.09021 Our SL at 1.09490 Our TP at 1.06500 (take partial profits during your trade, do not just rely on one TP) Good Luck – Trade Responsible Use 1% risk per Position! Always use a Trailing SL that you are comfortable with. Always strive to continuously improve your trading strategy and knowledge “The next Great Depression is on our doorsteps. The bank is more than men, it is a demonic monster destroying the common man” Shortby HilgardUpdated 227
AUDNZD - 1H - Rising Wedge - Short PositionIn this chart we have observe it is an Uptrend with HH & HL. then we spotted a Bearish Divergence in the RSI. with that we see the price is start shrinking creating a Rising wedge. which lead us to take a short entryShortby shahrukhshafiq224
AUDNZD Bottom and China's Relief RallyThesis: Speculators were overly positive regarding NZD's prospects for raising rates. In the end, the RBNZ maintained rates and were dovish. On top of this, China stock market is at peak pessimism with a relief rally currently in play. This should affect both AUD and NZD currencies, but especially, AUD; hence, I am holding out that AUD will strengthen against NZD in the medium-term for about two quarters. Technicals: There is no definite trend; however, there is definite support. Monthly: Monthly Support Monthly cloud support Note: Monthly chart has been flat since 2015. The price broke above the cloud in 2022 and has retraced to historical support and cloud support Feb 2024. This presents a potential good buying opportunity. Monthly chart: Weekly: Weekly engulfing at monthly average range support and weekly average range support w/ d3v: Daily: Some signs of life with short-term and Longer-term Daily uRd Close above the kijun with a DQ Daily chart: Other Factors: China at peak pessimism with a relief rally in play: Comment: I have decided to get in early at the potential bottom since it is at strong monthly support. There is no trend and there hasn't been a trend since 2015; and, I highly I doubt that this will be the start of one. I anticipate that this will be just a local bottom that may last a quarter.Longby RocketmanUpdated 222
Double Top AUDNZDDouble Top on the hourly chart. Investors can short trade after the break or place small trades, as double tops may have limited profit potential. How to identify a double top: Look for an Upswing: The price movement should be clearly in an uptrend prior to the creation of a double top. This indicates that the price has been making continuously higher highs and higher lows. Find the Initial Peak: Determine the uptrend's first peak. The price has now risen to its maximum level before beginning to fall. Find the Trough: Following the initial peak, the price will briefly fall. Find the valley or trough that develops following the initial peak. Find the Second Peak: The price will then rise once more in an effort to hit a new high. But this second rally will fall short of the first peak's height and begin to collapse once more. Verify the Pattern: To verify a double top pattern, make sure the decline that follows the second peak is lower than the trough that follows the first peak. This demonstrates that the previous resistance level was not successfully overcome by the price. Draw the Neckline. Connect the low points of the two troughs with a horizontal line. This is the neckline, which denotes a level of support. It serves as an essential pattern reference. Verify Double Top Pattern: To verify the double-top pattern, watch for a price break below the neckline. Breaking below the neckline might be interpreted as a sell signal because it portends a potential trend reversal. All points relevant hereShortby CryptoCurse3
AUDNZD BullishAUDNZD is making series of higher highs and higher lows, DOW theory, and through the bullish counterattack pattern we can assume that it made its new higher low and going to make a new higher high. Longby Saad_Amjid1
AUDNZD Bearish Robbery Short PlanHola LOOTERS, This is our master plan to Heist Bearish side of AUD/NZD Market. Guys U can enter at any points, Our target is Green Zone that is Explosive Zone. My Dear Robbers loot and escape if u make money in this market, Don't wait for Target Point because its Dangerous place.Shortby Thief_TraderUpdated 3
AUDNZDThe price seems making Higher Lows but RSI indicator shows indication of Bullish Divergence. Shall the price travel above $1.0600? Longby ERUDITE_88Updated 3
AUDNZD Will Move Higher! Long! Take a look at our analysis for AUDNZD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.087. The above observations make me that the market will inevitably achieve 1.092 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 111
AUDNZDIf the Shark Harmonic Pattern wants to act normal, the price should be reach to TP Shark as DeepCrab did few days ago.Shortby Daragolbon2
AUDNZD:🔴Is it Bearish...?!🔴 Well, as you can see, the price took the liquidity and hit the important higher time frame resistant, so we expect a bearish move. Also, we can see the price generated a lot of sell-side liquidity that can be defined as targets. Now, the price has created a bearish FVG, we can enter a sell position in this zone, but as always we need LTF confirmation. 💡Wait for the update! 🗓️28/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌Shortby VahidTradingCR337
AUDNZD: Bullish TrendAUDNZD is in bullish trend, continuously printing HH's and HL's. Currently the formation of hammer on hourly time frame is anticipating the continuation of bull trend. Longby matifakbar0
AUDNZD Technical Analysis and Trade IdeaThe AUDNZD demonstrates persistent bullish momentum with a robust upward trend visible on the daily timeframe. Consider a long entry upon a Fibonacci retracement, aiming for previous swing highs. Disclaimer: This analysis is for educational purposes and should not be considered financial advice.Long01:14by tradingwithanthonyUpdated 5
AUDNZD-4H-POTENTIAL REVERSALI am re-entring again in this trade, technical and fundamentals are also supporting this setup cot index of AXY Index is at the top and ZXY comes from the top so AXY is neutral and ZXY is reversing with commercial flip data technical pointer and bias is also bullish I am re-entering this trade with a doubling my riskShortby AamirZahirali6
AUDNZD SELLCould this be a possible selling opportunity for AUDNZD? Based on what price action is showing, there seems to be a reversal chart pattern on the 4HR. The market needs to retrace after the previous weeks bull run. Let's see how this will play outShortby WiLLProsperForex4
AUDNZD - Trading session no.211.00 am end of my session (around 30mins) -missed one trade -took one bad trade -took one good -there couldve been another trade that I didnt take (felt smth was off) today was break even, couldve been a +2 pip day by GRBmlr2
AUDNZD, Major impluse. AUDNZD / 1D Hello Traders, welcome back to another market breakdown. AUDNZD has been trading in a trading range on a higher time frame. The price seems to be forming a trading range. I'm expecting a second leg up after the pull-back phase. Trade safely, Trader Leo.Longby Leo-btm334
AUDNZD LONG PROJECTIONS....We have a break of structure (resistance) to the upside and a pull back to fib levels with the formation of a bullish pinbar indicating the presence of buyers pushing the market upward. Risk for this @ 0.5% of my capital. #AUDNZDby oghenechovweojoh0
AUD/NZD next wave down(~500 pip)(3/26/2024)Hello Traders it looks like AUD/NZD is starting a new wave dive down into 1.035. The first correction wave A has been established then the price has made a horizontal triangle as wave B, by breaking down the horizontal triangle AUD/NZD has made a new wave down as C. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)Shortby fortunamarkets11