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Audnzdanalysis

AUD/NZD: Trans-Tasman analysis The AUD/NZD is an interesting pair to examine after the release of each country’s respective inflation reports yesterday. In New Zealand, the annual inflation rate remained steady at 7.2%, prompting investors to forecast that inflation in the country has peaked, and the Reserve Bank of New Zealand can slow the pace of interest rate hikes moving forward, inducing a fall in the NZD against the US dollar. The next interest rate decision from the RBNZ is on February 22. Australia’s inflation data, came in hotter-than-expected, at 7.8%, up from 7.3% in the previous reading. As a result, the Australian dollar climbed to a fresh 5-month high, almost the only major currency making a significant move against the US dollar on the day, as the market priced in a ninth consecutive rate rise by the Reserve Bank of Australia’s on February 7. Naturally the AUD/NZD cross pair has begun to diverge quite significantly, with an emphatic break above the 200-EMA line, due to their respective performances against the USD. 1.09600 appears to be the most immediate level of resistance for the pair now, but doesn't seem to be holding up all that well against current buying activity, with the 20 EMA/ 1.09480 acting as the support.
by BlackBull_Markets
AUDNZD...SELL (119 PIPS)With a RR of 1:4, i'm looking for a perfect short on AUDNZD. technically, AUDNZD is currently in a bearish market. Looking at previous high from 16th Jan's Asian session, AN fell from the top and bounced back getting to the end of the week. On the Day TF, you could see AUDNZD retraced from thursday's low and retested the 61.8% fibo mark. You could clearly state that, AUDNZD is currently trading in my region zone ( REd Box region)...... NB: I SEE A POTENTIAL 500 PIP SELL, but going out on its first short!!!!
Short
by DAdepa
SELL Trade Triggerd Moving As Expected :)As per my previous post I explained to you that we would likely see a move above 1.09 area where we had a newly formed Weekly SUPPLY/SELL zone from the current move down. This area has got respected and as per my previous post I would take a position if my TRFX indicator give a higher time frame signal we got that on the 8hr chart around 1.092 and the position is moving nicely. How I will manage this position will be once price reaches 1.08 I will cut 50% of my position and move my STOP LOSS down towards the entry price maybe a little above it. And contine to trail the position down towards the 1.04 area bottom of the MONTHLY range lets see how we go :) Check the related post to understand the reasons behind the position
Short
by TheFxAce
3
20 Reasons for sell AUDNZD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: an extreme multiyear bear trend has been established since 1983 2 📆Monthly: multi years consolidation phase or range bond market but nor structure id broke within range 3 📅Weekly: a bullish pattern formatted with a monthly range 4 🕛Daily: a strong bullish change of character now a retracement excepted 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bullish 6: 2 Pattern Candle Chart: change in guard kicker narrow range candle at bottom break upside with a big candle 7: 3 Volume: good buy volumes 8: 4 Momentum UNCONVENTIONAL Rsi: super bullish zone range shifted a retracement or range shift support also needed at 40 level/prices made a bullish divergence at the bottom also a bullish sign 9: 5 Volatility measure Bollinger bands: middle band support /up volatile side zone /daily and weekly also supports on it zone 10: 6 Strength ADX: over a; on sideways but bullish DMis gaining strength right now 11: 7 Sentiment ROC: Aud rate is stronger then Nzd ✔️ Entry Time Frame: H4 12: Entry TF Structure: bearish 13: entry move: corrective 14: Support resistance base: upper side resistance weekly discount area 15: FIB: trigger event occurred ☑️ final comments: sell for the retracement 16: 💡decision: sell 17: 🚀Entry: 1.08250 18: ✋Stop losel: 1.08810 19: 🎯Take profit: 1.6560 20: 😊Risk to reward Ratio: 1:3 🕛 Excepted Duration : 3 days
Short
by Optimum369