NZDAUD trade ideas
Trade idea - AUDNZD LongDAILY
Bullish impulse: indication.
Inverse Head & Shoulders pattern: confirmation.
Clear support & resistance zone is there.
= Buy limit.
Bearish AUDNZD is expectedImportant news this week will affect the trend, but technically a tough resistance above the current price leads to increase sellers power.
AUDNZD SHORT!AUDNZD is encountering a major resistance zone, and the presence of bearish divergence suggests a potential trend reversal. I plan to short the pair if it breaks below a lower high.
Retracement???AUDNZD strong bullish trend, possibly retracement because there is divergence on RSI, we can go for sell and then buy after retracement completion.
Looks like we have a 50 pips opportunity to the downside hereThis pair should continue dropping, straight into the imbalance (blue box). Price trading below the fast moving averages and MACD is showing a downside convergence.
Looks like we have a 50 pips opportunity to the downside hereThis pair should continue dropping, straight into the imbalance (blue box). Price trading below the fast moving averages and MACD is showing a downside convergence.
AUDNZD Trading Opportunity! BUY!
My dear friends,
AUDNZD looks like it will make a good move, and here are the details:
The market is trading on 1.1054 pivot level.
Bias -Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.1102
Recommended Stop Loss - 1.1023
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
AUDNZD: Bearish Continuation is Expected! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current AUDNZD chart which, if analyzed properly, clearly points in the downward direction.
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AUDNZD double top patternAUDNZD forming double top pattern on one hour time frame which is a reversal pattern, short sell is the call with a small stop loss.
Bullish breakoutlooking at the monthly chart, we can see that previous market structure formed a fair value gap between the 2 lines annotated on the chart. Considering the bullish rally we've seen this past month, its reasonable to assume the trend will continue to up
AUDNZD - In Bullish TrendAUDNZD is observed in a bullish trend and a trend line can be plotted. Sentiments for this pair are SHORT because there is a divergence whose 2nd peak is way below 70 mark on the RSI scale. If we look at the AUD and NZD currency indices then ZXY is more bearish then AXY which points toward the buying option. Keeping the analysis on a 1H time frame in view, I have placed a pending order of Buy Stop.
The Signal is:
EP: 1.11308
SL: 1.10964
TP: 1.12000 (1:2)
RR: 0.25%
Lots: 0.11
AUDCAD IS IN BEARISH TRENDTechnically:
AUDNZD is printing bearish divergence.
Fundamentally:
Cot data shows AUD is shorts and NZD is long.
Sentiment:
AUDNZD is 92% Shorts.
Trade Plane:
Entry:1.10577
Stop Loss: 1.11655
TP1:1.09487 (1:1)
TP2:1.08435 (1:2)
Good Luck Trader Take Trade your own risk.
Ripe Short Op to bounce down from overhead resistanceAUD/NZD is poised to continue down, bouncing off of overhead resistance, setting up a very nice short opportunity.
Lingrid | AUDNZD in the Bullish TREND. LongFX:AUDNZD has pulled back from the resistance zone, despite the overall bullish trend remaining intact. Notably, the price broke and closed above the prolonged consolidation zone on the daily timeframe. The price action is forming a two-legged pullback against the main trend. After falling below the previous week's low, this could potentially be a fake breakout, which would be followed by a continuation of the uptrend. I believe the market will consolidate in this area before resuming its upward movement. I expect buying opportunuty at lower border of the channel. My goal is resistance zone at 1.10790
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDNZD SHORTAUDNZD is making a double top pattern, a clear breakout from the support level 1.10622 will Trigger a push to the downside. Let me know what you think in the comment section GOODLUCK!
Market Watch: AUD/NZD Faces Critical Resistance at 1.111400 LeveThe AUD/NZD 1-hour chart appears bearish as it struggles to break above the 1.111400 level, having double-tested this resistance, forming a potential double top pattern. This situation strongly suggests a downside trend. However, if the price manages to break above the current resistance level of 1.111400, it would indicate a bullish continuation. Let's observe how the market develops.
AUDNZD - Bearish Breakout with 1:3 Setup on 4HrTaking a look at the 4h timeframe, we can see price action broke and held below the ascending trendline.
For me this indicates potential topping action. This pair is also heavily overbought on the daily timeframe so a correction at this point shouldn't be too much of a surprise.
Cooper prices also continue to get slammed which may contribute to some Aussie weakness.
Further more, we don't have any further major economic reports on the docket this week for either NZD or AUD which may cause this pair to correct. The Australian dollar does tend to have a correlation as a Risk-On currency with US equities. Today in the US session we saw both the Dow and SPX lose some of it's bullish momentum.
Trade Safe!
Detailed Review of AUD/NZD Daily Analysis### Detailed Review of AUD/NZD Daily Analysis
#### Overview:
The AUD/NZD currency pair has recently displayed significant activity, capturing the attention of forex traders and analysts alike. With a key move in the daily timeframe, this pair has grabbed the buy-side liquidity, signaling a potential shift in market dynamics. The following review delves into the intricate details of this shift, analyzing the implications of the change in status delivery and the forecasted movement till SSL (Sell Side Liquidity).
#### Key Insights:
1. **Buy Side Liquidity Grabbed:**
- The AUD/NZD pair has effectively captured the buy-side liquidity. This move is typically indicative of a phase where the market has consumed buy orders above a certain price level, often trapping late buyers and creating a setup for a reversal.
- This liquidity grab suggests that the market makers have fulfilled the demand for buy orders and are now likely to push the price in the opposite direction to target sell-side liquidity.
2. **Change in Status Delivery:**
- A notable change in status delivery is observed, implying a transition in market sentiment. This change often indicates that the previous bullish momentum has exhausted, and the market is preparing for a bearish phase.
- Traders should be vigilant as this transition can lead to significant price movements and opportunities for strategic positioning.
3. **Fair Value Gap (FVG) Identified:**
- The identification of a Fair Value Gap (FVG) provides a critical price zone that the market might aim to fill. An FVG represents an inefficiency in the market where the price moved too quickly, leaving behind a gap.
- In the context of AUD/NZD, the presence of an FVG suggests a potential price retracement. Traders can anticipate a correction towards this gap, providing an optimal entry point for short positions.
4. **Sell Till SSL (Sell Side Liquidity):**
- The forecasted movement indicates a sell-off till the Sell Side Liquidity (SSL) level. This target marks a significant support area where the market can find ample sell orders.
- As the price approaches this level, traders should be prepared for potential reactions. The SSL acts as a magnet for the price, and once reached, it may either trigger a reversal or further continuation based on the broader market context.
#### Trading Strategy:
Given the current analysis, traders can consider the following strategy:
- **Entry Point:** Look for short entry opportunities near the upper boundary of the identified FVG. This provides a favorable risk-reward setup as the market fills the gap.
- **Target:** Aim for the SSL level as the primary target. This aligns with the anticipated bearish momentum and offers a clear exit strategy.
- **Risk Management:** Place stop-loss orders above the recent high where the buy-side liquidity was grabbed. This ensures protection against unexpected bullish reversals.
#### Conclusion:
The AUD/NZD daily analysis presents a compelling case for a bearish outlook. With the buy-side liquidity grabbed, a change in status delivery, and the presence of an FVG, the market seems poised for a downward movement towards the SSL. Traders who align their strategies with these insights can capitalize on the potential opportunities that lie ahead. Stay vigilant, manage risks effectively, and keep an eye on key market developments to navigate this trading scenario successfully.
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This review combines technical analysis with strategic insights, aiming to provide an attractive and informative perspective for traders analyzing the AUD/NZD pair. If you need further adjustments or have specific points to include, feel free to let me know!
AUDNZD H4 ChannelAUDNZD looks to drop to the support trend line and rise from there. An inverse head & shoulders pattern can be seen forming
AUDNZD SELL AUDNZD looking ready to fall towards 1.10700 indicating this with a head and shoulders pattern. Price will look to reverse at our take profit area so set your tp's and exploit this opportunity.
Is it time to drop a bit??If you look at the chart, you will see a possible point of interest for sellers. We have a break in market structure which suggest a shift in momentum and sentiment. I would like to believe that bears are beginning to come in.
