AUDNZD Long AUDNZD Long on an SBO
-Daily made new HH's followed by a HL breaking out of the descending trend line
-Broke the Daily 50ema and now testing it as support (also testing the Weekly and Monthly 50ema)
-Testing out .50 Fib levels
- MACD looks to be heading to the upside
- On the higher time frames you can see the weekly and monthly we broke out of a much larger descending wedge pattern overall making new high's and a new Lower Low which is an indication of a trend munch and possibly a much larger scale trend change overall
- ENTRY: wanted some deceleration on the daily candle and we did get that with an inside day bar, waited for a break of the 1h5 50ema which we got, stop loss is put at the daily low's
- Target: will start with the daily high's and take around 50% profit if hit, will hold the rest for a longer term trade possibly to the 0.618-1.00 trend-based Fib,
- I will also look to add more on this trade if we get an IBO or CBO
AUDNZD
AUDNZD: Classic Bullish Reversal 🇦🇺🇳🇿
AUDNZD was steadily falling within a channel.
Once 1.082 support was reached, the market started to consolidate
within a horizontal range.
During the Asian session, bulls manage to break the resistance of the range
and the upper boundary of the channel.
It is a very important indicator of the strength of the buyers.
I expect a pullback to 1.0884
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AUDNZD Buy Opportunity-Price has been in an overall bullish trend
-Price then met resistance at a weekly resistance/supply level.
-Price met resistance and formed a double top candlestick reversal pattern, hinting that price was ready to make a reversal.
-I am looking to go long once price either close as a reversal candlestick and/or form a candlestick reversal pattern on a lower time frame.
- I am anticipating price to make another attempt a bearish push, before continue in the initial bullish trend.
AUDNZD - from Daily to M30📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for AUDNZD.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
AN fast up come with fast down,short until it turns
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Thank you, and please do your due diligence before any putting on any trades!
AUDNZD Sitting At Support Area On D1Currently, AUDNZD is trading at its support area of 1.0920. Based on my limited knowledge, if the daily candle closes below this level, you can consider taking a sell trade on its retest. The next support level for AUDNZD is around 1.0775, which it should aim for. On the other hand, if the daily candle closes above 1.0920, you can consider taking a buy trade, aiming for the resistance level at 1.1050 for AUDNZD.
Disclaimer: The information provided is for general informational purposes only and should not be considered as professional advice. Use at your own risk.
NZDUSD-06/22/2023Preferred direction: BUY
Comment: The New Zealand dollar has been moving quite confidently towards the local resistance at the level of 0.62359, and it is expected that it will not stay at this level for a long time. Upside potential locates higher at the level of 0.62907. There, with a high degree of probability, the instrument will turn around for a correction. In general, it is relevant now to consider the medium-term Buy-priority.
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AUDNZD Is Going Up! Buy!
Here is our detailed technical review for AUDNZD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.093.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.098 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 Is Finishing A Corrective RallyAUDNZD pair made an impulsive sell-off at the end of 2022 on a daily chart, which we see it as a wave (A). Since then, we can see it trading in a larger A-B-C corrective rally within wave (B) that can be now approaching important February highs resistance, from where we should be aware of another sell-off for a higher degree wave (C).
Basic Elliott wave pattern with an impulsive five-wave 1-2-3-4-5 decline, followed by a three-wave A-B-C correction indicates for more weakness.
AUD/NZD potential swing trade long above the April lowAUD/NZD has fallen 3% since the April high, although it looks set to build a base above the April low. A Rikshaw Man Doji formed on the daily chart above this key support level and a bullish RSI is forming on the RSI (2) to hint at a near-term inflection point.
What may help it rally from here is Bloomberg's report that the RBA considered three rate paths ahead of their February meeting, two of which saw rates climbing to 4.8%, and the other at 3.35%. Given rates are now 3.8%, it leaves room for more hikes and for the RBA OCR to close the gap with RBNZ's.
The bias remains bullish above the April low and for a counter-trend rally towards the 1.7034 high.
Is UADUSD turning down?UADUSD rose over 6% since the end of May. Can it go higher? Analysis on the 2H chart suggests
that it cannot. It is presently deep in the resistance/demand zone as delineated by the
luxalgo indicator. A long mult-session volume profile shows the high volume area fairly s
symmetrical about a POC line which roughly corresponds to a 50% Fibonacci retracement of
the uptrend which occurred from May 31st to June 16th. On the MACD the lines have crossed
and are trending down. I can easily conclude that the pair is likely to retrace. I will take a
short selling forex trade.
AUD/NZD Technical Analysis! BUY!
My dear followers,
AUD/NZD looks like it will make a good move, and here are the details:
The instrument tests an important psychological level 1.10377
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 - 1.11385
Safe Stop Loss - 1.09784
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
AUDNZD Will Move Higher! Buy!
Here is our detailed technical review for AUDNZD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.102.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.111 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.
Like and subscribe and comment my ideas if you enjoy them!
SOYBN/USD and NZD/CHF on watch for me today.SOYBN/USD:
• If price pushes up above our upper rayline, it does so impulsively a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/CHF:
• If price impulses down below our rayline, it does so in a convincing manner and a subsequent tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUDNZD Potential UpsidesHey Traders, In today's trading session, we are paying close attention to the AUDNZD currency pair, as we believe there might be an opportunity to buy around the 1.09600 zone. From a technical standpoint, AUDNZD is currently in an uptrend but experiencing a corrective phase. It is approaching a significant support zone around 1.09600, which adds to its appeal as a potential buying opportunity.
From a fundamental perspective, it's worth noting that the Reserve Bank of Australia (RBA) is still in the process of gradually raising interest rates. This indicates their intention to tighten monetary policy in order to manage the economy. On the other hand, the Reserve Bank of New Zealand (RBNZ) has officially halted any further rate hikes, suggesting a more stable or potentially looser monetary policy approach.
Considering both the technical and fundamental factors, the current market conditions suggest that the AUDNZD pair could present an attractive buying opportunity near the 1.09600 support zone.
Trade safe, Joe.
AUDNZD: Bullish Breakout Potential, Consider Buying at 1.0916The AUDNZD currency pair is displaying a potential bullish breakout opportunity, indicating a favorable buying scenario for traders. Currently trading at 1.0916, the pair has shown strength by breaking above the resistance level at 1.0868, suggesting further upward momentum.
Several technical factors support this bullish outlook. The pair has recently formed a bullish reversal pattern, indicating a shift in market sentiment towards the upside. Additionally, the 50-day moving average has crossed above the 200-day moving average, further reinforcing the bullish bias.
Traders may consider entering a long position if the price remains above the breakout level at 1.0916. A potential profit target could be set near the next resistance level at 1.1000, with a stop-loss order placed below the breakout level at 1.0868 to manage risk.
It is crucial to conduct thorough analysis and closely monitor market conditions before executing any trades. This idea should be considered as a suggestion and not as financial advice.