AUDNZD Technical Analysis! BUY!
My dear followers,
I analysed this chart on AUDNZD and concluded the following:
The market is trading on 1.0998 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1042
Safe Stop Loss - 1.0973
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZDAUD trade ideas
17-10 ProbelegPlaced 3 sell trades. We are ahead of the neutral score that this pair still has. Score 3. Cot Data 2, Retail sentiment 0, Seasonality -1, Trend reading 1, GDP -1, Manufacturing PMI
-1, Services PMI -1, Retail Sales 2, Inflation 1, Employment Change 0,
Unemployment Rate 1, Interest Rates
0.
AUDNZD 3rd TryAfter 2 impulsive entries, this is my 3rd try. Price bounced back from order flow area. A nice bullish move + 2 rejection (clear from hourly chart) might give me a good risk:reward trade.
Economic Data
Australia:
Interest Rate: 4.35% (as of September 25, 2024)
Inflation: 3.6% (year-on-year, to June 2024)
Trade Balance: AUD$11.2 billion surplus (June 2024)
New Zealand:
Interest Rate: 4.75% (as of August 22, 2024)
Inflation: 6.0% (year-on-year, to June 2024)
Trade Balance: NZD$1.0 billion deficit (June 2024)
AUDNZD Potential SellAUDNZD Potential Sell play. Wait Zone Test. SL line yellow.
Good luck.
**Forex Analysis Disclaimer**
This analysis is intended for informational purposes only and should not be considered investment advice. I utilize technical analysis as the basis for decision-making and do not focus on fundamental analysis. Forex trading involves high risk and can result in losses. It is advisable to conduct your own research and consult with a financial advisor before making any trades. I am not responsible for any losses that may arise from the use of this information.
AUDNZD longReason
Price has retraced to a daily bullish fair value gap. 15 minute chart shows weak down movement followed by a double bottom. Price might go lower, if it does, I will look for a better opportunity to go long. However, if the larger timeframe becomes bearish, I won't look for an opportunity to go long anymore.
AUDNZD: Your Trading Plan to Buy 🇦🇺🇳🇿
AUDNZD is currently retesting a recently broken daily horizontal resistance.
For trend-following buying, pay attention to a bullish flag pattern
on a 4h time frame.
Your confirmation will be a violation - a candle close above its resistance.
After that, buy the pair, anticipating a growth at least to 1.108 level then.
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Pullback from the weekly level and weekly rangeThis pair expanded to the weekly OB and rejected just right above the weekly range, its time for the pullback to fill the gaps around a 50% of the range.
Im about to get to the positon with my followers as highlighted on the chart.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
Always apply good risk management it's what defines your destiny in trading.
Dave FX Hunter ⚔
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
AUDNZD Is Bullish! Buy!
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 1.105.
The above observations make me that the market will inevitably achieve 1.107 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.
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SHORT THE PULLBACKDISCLAIMER The below is just my view trade at your own risk and responsibly
Do not get me wrong we are in an uptrend hence the title of the idea is Short the pullback ,
Here is why i am bearish:
1. Looking at the weekly and the level i just marked it has served as a key support and resistance zone being respected three times on the weekly
2. Price just took out a high if we were to consider the DOW theory we know that after a BOS we expect a pullback before a long
3. I drew a linear regression from the swing high i just market with the setting at a 2 and -2 standard deviation we are trading on top of that channel
4. Volume accumulated last week and we did not see and aggressive movement though the Friday candle was quite bearish using the third law of Wyckoff effort = results hence i am expecting that buying has diminished and sellers have kicked in, that is why i have a demand zone which is just below a daily imbalance where i expect price may be draw too or as famously known as an (IRL)
AUDNZD 10/13~10/15AUDNZD seems to be playing its silly little games, but don't be fooled. You can reference EURUSD's recent pattern to see how this one will also play out. We're in this final stages of Wave 3, or what I call Wave 3 Sub 4. Follow the channel until it breaks and buy up. Good Luck!
image]https://www.tradingview.com/x/1cz5n2KN/
AUDNZD Is Bullish! 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 approaching a significant support area 1.104.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.108 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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AUD_NZD RISKY LONG|
✅AUD_NZD is trading in a
Local uptrend and the pair
Made a strong bullish breakout
Of the key horizontal level
Of 1.1040 which is now a
Support and as the pair is now
Retesting the new support
We will be expecting a
Further move up
LONG🚀
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AUDNZD: Bullish Signal After Breakout 🇦🇺🇳🇿
AUDNZD nicely retested a recently broken daily/intraday horizontal resistance.
After its test, the price violated a resistance line of a bullish flag pattern on an hourly.
We can expect a bullish continuation now.
Goal - 1.1088
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Bullish momentum to extend?AUD/NZD is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 1.10464
1st Support: 1.09890
1st Resistance: 1.11379
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Kiwi Cut FadeFundamentals & Sentiment
AUD:
- Undervalued according to CFTC
- Chinese stocks are under pressure
- The recent Minutes weren't dovish enough
NZD:
- Risks: the momentum from the cut continues
Technical & Other
- seeing the pop up as overdone
Setup: TR(RTF)
Setup timeframe: D
Trigger: 15m
Medium-term: Up
Long-term: Range
Min target: pre-cut lows
Stop loss: 0.3%
Position size: 0.5R