AUDNZD
More Momentum Ahead in NZD Forex Pairs?After scanning the FX crosses, I'm interested in pursuing trade setups on a few NZD crosses. The NZD crosses have had strong momentum. Until the weekly charts tell me this momentum is fading, I'm going to look to trade this strength.
Essentially I'm looking for trade setups to trade into the PWL/PWH (depending on the cross). I need to see H4 levels respected to then confirm looking for a strong M15 displacement shift to base an entry from.
AUDNZD - Potential buy from trendline ✅Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I wait price to continue the retracement and my point of interest for a long is if price rejects from trendline + S/R level.
Fundamental news: Next week on Wednesday we have news on AUD, will be released yearly CPI, which has high impact on currency.
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AUDNZD: Overbought Market & Pullback 🇦🇺🇳🇿
AUDNZD may finally start a correctional movement,
after a test of a key daily horizontal resistance.
I see a double top formation on a 4H time frame as
an intraday confirmation.
I expect a retracement at least to 1.0835
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Strifor || AUDUSD-Mid-term viewPreferred direction: BUY
Comment: As expected earlier, the US dollar has strengthened against all major competitors, and the AUDUSD currency pair is at the top of this list. The main trigger for the fall was the RBA meeting. However, we previously noted that for this instrument a setup was formed for at least a downward correction. It should be noted that the long-term prospects are not so rosy for buyers, although we expect growth in the medium term. This potential movement is considered towards the level of 0.66000 and no higher.
For this long-deal, we highlight two scenarios , as always, and both are indicated on the chart. Most likely, in the short term, the major currencies will decline, including the AUD .
Additional comments on this trade will be provided as situation changes. Follow us!
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AUD-NZD Resistance Ahead! Sell!
Hello,Traders!
AUD-NZD is trading in an
Uptrend and the pair is
Locally overbought so
After the retest of the
Horizontal Resistance of 1.0834
We are likely to see
A local bearish correction
Sell!
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AUDNZD Is Going Down! Sell!
Here is our detailed technical review for AUDNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.077.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.073 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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AUDNZD - Opportunity for a long ✅Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to continue the retracement to fill the imbalance and then to reject from bullish order block + trendline.
Fundamental news: Upcoming week we have news with high impact on AUD, we will see results of Interest Rate on Tuesday.
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AUDNZD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
AUDNZD Long TradeMARKET PHASE
OANDA:AUDNZD is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure swing lows. Price violently moved down to trigger the sell stops (liquidity) to pair against the buy orders needed to take price up. Price has now started it’s initial move up but due to the velocity of the upward move, it's gapped orders around 1.07524. Price is now retracing back to this level to meet the demand as we expected. Once price reaches this level, we can expect a strong push upwards in the direction of the larger trend.
TRADE
I will be entering long on OANDA:AUDNZD with the following parameters:
Buy Limit: 1.07524
Stop Loss: 1.07344
Take Profit: 1.07884
Strifor || AUDUSD-13/03/2024Preferred direction: Neutral
Comment: After the US CPI data, the US currency strengthened, as a result of which a number of our trading ideas were successfully closed with profit. At the moment, the medium-term outlook remains in favor of the US dollar, but in the short term the main competitors of the US dollar are likely to strengthen. Thus, for the AUDUSD currency pair there is a high probability of movement according to scenario №2 . Therefore, it is best to fix most of the volume in the trade according to scenario №1 , which we previously published, and transfer this trade to breakeven.
The probability of a crossover is very high, since at this high there is a large accumulation of stop losses of sellers. This will also allow the market to accumulate buyers before falling.
Additional comments on this trade will be provided as situation changes. Follow us!
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AUDNZD,🔴Sell Opportunity🔴
As you can see, the price took the liquidity that formed as a high in Daily FVG, had a bearish reaction, and shifted the market structure.
Now the price trades inside the bearish order block that we expect to push the price lower.
We need the LTF confirmation for entry.
💡Wait for the update!
🗓️13/03/2024
🔎 DYOR
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AUDNZD Will Collapse! SELL!
My dear friends,
AUDNZD looks like it will make a good move, and here are the details:
The market is trading on 1.0734 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.0703
Recommended Stop Loss - 1.0749
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
SHORT AUD/NZD from 1.0704This pair appear to have peaked at 1.0746 which is inside a band of historical resistance.
We've seen the price push through the 25, 50 and 100 EMA's on H1 and we're also under the WPP mid pivot which has failed to halt the BEARS.
Key level now is the 200 EMA 1.0693 200 EMA which will most likely offer stern support for AUD/NZD BULLS and though I can envisage some sideways price action when (if) the price makes its way down there, othr indicators suggest this may not bne enough to stop the price ehasding to the WS1 pivot at 1.0667 which is the target price.
Other indications that the BEARS have assumed control of this market are the RSI which has been steadily declining since last Friday afternoon and MACD which has both fast and slow MA periods negative.
The red SELL line of the Andean Oscillator crossed the gree BUY line on Friday and early this morning the red SELL line crossed the signal line - all signs that this is now a BEAR market.
We've aso got a SELL signal on the Pivot Point SuperTrend so everything suggests we should be headed lower and in the absence of any significant or scheduled news we may well see this pair drift south over the next 24 hours.
STOP is at 1.0720 so this is a risk of just 16 pips and the target as mentioned is at 1.0667 which is WS1.
The STOP is HARD meaning it will not be adjusted. The TP is soft and we'd have to see how much BEARISH momentum is left if the price does indeed make its way down to the pivot.