NZDAUD trade ideas
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.
AUDNZD - Bullish on 1 hrAUDNZD has been in bullish trend on higher time frames and on lower time frame like 1 hour, it is making HHs and HLs & it has retested from a key area also.
up trendDrawing the course of the coming days
As you can see, we have a PRZ zone ahead, and then the price will reach this range and the price will go up
AUDNZD declining AUDNZD is declining on one hour time frame, there is a clear divergence on one hour chart which indicates bearish signals, short sell is recommended.
AUDNZD LongDaily Bias Bullish
Fundamental Analysis
NZD Weakening, AUD Strengthening
Price Action:
H4/Daily TF - Price breakout of resistance level and retrace to retest it.
H1 TF - Price consolidated at S/R level and breakout of consolidation towards upside.
Confluence:
Higher TF (W/D/H4) - Retest of broken resistance of H4/Daily TF
Lower TF (H1/M30/M15) - Breakout of consolidation towards upside.
Set up: Long trade setup at broken H1 consolidation resistance level. Targeting Daily swing high. R:R 1:4/ SL below the consolidation support level of H1
AUDNZD LongDaily Bias Bullish
Fundamental Analysis
NZD Weakening, AUD Strengthening
Price Action:
H4/Daily TF - Price breakout of resistance level and retrace to retest it.
H1 TF - Price consolidated at S/R level and breakout of consolidation towards upside.
Confluence:
Higher TF (W/D/H4) - Retest of broken resistance of H4/Daily TF
Lower TF (H1/M30/M15) - Breakout of consolidation towards upside.
Set up: Long trade setup at broken H1 consolidation resistance level. Targeting Daily swing high. R:R 1:4/ SL below the consolidation support level of H1
AUDNZD Moving in an Up ChannelOverall, the price remains bullish. We predict the price will continue to rise to the nearest daily resistance at 1.11890, forming 5 waves within the bullish channel.
TP: 1.11800 (+2)
SL: 1.10900 (30 pips)
AUDNZD: Long Setup Awaiting Key PullbackTechnical Analysis:
Weekly Chart: I won't comment on the structure of the weekly chart wether it is trending or not, but it has broken out of a range, indicating a bullish move is in play. Last week's price action shows buyers are in control, setting the stage for potential long positions on the lower timeframe this week. In the long run, the price appears to be heading towards the next horizontal level on the weekly chart around 1.1431/89.
Daily Chart: The daily price action has been ranging since July 11th, nearly two weeks now. Given the bullish sentiment on the weekly chart and no signs of bullish exhaustion on the daily chart, I'm comfortable going long on the lower timeframe from the bottom of the range.
4-Hour Chart: As per our plan, we will wait for a pullback to the bottom of the range around 1.1059/45 to go long.
Buy Limit Entry: 1.1059/45
Stop Loss: Below 1.1039
Target: 1.1136
Fundamental Analysis:
There’s not much happening with AUD except for the Flash Manufacturing PMI on Wednesday, July 24th. On the other hand, the RBNZ has brought forward their plan for a potential interest rate cut, which brings a dovish (bearish) sentiment in the market for NZD.
Hope you have a fantastic week ahead. Happy trading!
AUDNZD Weekly Analysis and OutlookAUDNZD Weekly Analysis and Outlook
This week, the AUDNZD pair has shown a strong upward trajectory, closing in a bullish continuation phase. This upward momentum indicates a positive sentiment among traders, suggesting further potential for growth.
Current Market Overview:
The pair has been steadily moving upwards, supported by favorable market conditions and bullish sentiment. As it approaches a key resistance zone, traders should closely monitor the price action. A successful break above this resistance would likely confirm the continuation of the bullish trend.
Expectations and Potential Scenarios:
Upon breaking the resistance zone, we anticipate that the AUDNZD will continue its upward momentum. This breakout could open the door to higher levels, offering traders potential opportunities to capitalize on the bullish trend.
Primary Expectation: If the resistance is broken, the price is likely to sustain its upward movement, potentially targeting higher resistance levels. This scenario would reinforce the bullish outlook, making it a favorable environment for long positions.
Alternative Scenario: However, if the price encounters strong resistance and fails to break through, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at lower levels before resuming the upward trend.
Conclusion:
In summary, the AUDNZD pair is poised for further upward movement following its recent bullish phase. Traders should watch for a decisive break above the resistance zone, which could serve as a catalyst for continued gains. Maintaining awareness of both bullish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly.
By Piptera Digital Solutions,
Invest Wisely!
AUDNZDGood day,
The AUDNZD pair is currently exhibiting a bullish structure, indicating a general upward trend in the market. Within this broader uptrend, the price action is forming smaller, localized structures that suggest a continuation of the bullish momentum. These smaller structures often consist of higher highs and higher lows, which reinforce the overall upward direction. This pattern implies that buyers are consistently stepping in at higher price levels, pushing the market further up. As the price continues to respect these smaller bullish formations, it signals sustained buying pressure and the potential for further gains in the AUDNZD pair.
Long trade
18:00 PM
18th July 2024
Buy-Side Trade Details:
Risk-Reward Ratio (RR): 4.87
Entry: 1.10976
Profit Level: 1.11551 (0.52%)
Stop Level: 1.10858 (0.11%)
News driver:
Highlighted (Yellow Flag)
Australian Dollar Gets Limited Lift from Mixed Jobs Report:
July 18 - The Australian dollar was left directionless on Thursday after a jobs report provided mixed data, failing to clarify the outlook for a rate hike.
