Hi traders,
A long wick has been left outside of the Bollinger Band, wonderful spike with the Bollinger Bands having the perfect angle. I entered the trade as soon as the candle closed with my profit target set at the 50% Fibonacci level. If the next candle goes against me, I will be closing the trade, otherwise I will put it to break-even. We have a slight...
AUD/NZD 1H Chart: Breakout from symmetrical triangle
In early hours of this trading session the currency exchange rate made a breakout from symmetrical triangle pattern amid the pressure from 55-, 100- and 200-hour SMAs. In result of this downfall the pair has formed a minor descending channel, which is should guide movement of the pair at least until release of...
I expect a technicla pullback after a big breakout of a long term wegde .
so even Nzd is very weak and it will be hard ,usually most of beakout get them pull back around them breakout level.
Also he is luch overbought and we not get yet the new GOV statement about monetary policy...so i try t coz if they mess dovsih same as investor speculate the NZD will get...
- short AUDNZD at 1.0924 to target 1.0832
- NZD got better than inflation than expected in Q3
- the Rba meeting meeting shows that RBA is not hurry to hike rates even the global economy is quiet good as a labor market and co
so wit the contrast of this 2 opposite position even RBNZ not say that they will hike rate soon yet i think it can be a trade to try
Enter...
AudNzd simple daily view
we can see he forming a wedge and so an exit from the top or the bottom will give a big signal for i think long time trade.
( i not make new chart so i not make all res and sup,and many are from intrady,sorry)
Hi traders,
Spotted a very beautiful setup on the daily AUDNZD chart. Here's the deal:
The price trended up nicely with gorgeous swings, respected the 20-period moving average (20 SMA), made a double top (showing trend weakness) and broke with a strong bearish momentum the 20 SMA and the flipzone (= Support and Resistance area).
The Friday close allows me to...
AUD/NZD 1H Chart: Channel Up
The Australian Dollar is gaining value against the New Zealand Dollar in a few days long ascending channel, which started to form in result of an extensive jump of the exchange rate from the monthly R1 at 1.0868.
Given the narrow structure of the pattern, it is not expected to guide movement of the pair for long. Most...
With the RBA Policy Meeting Minutes due to be released at 02:30GMT we should have the catalyst we are looking for to move AUDNZD.
With the Kiwi being weak recently and a number of AUD pairs at support/resistance, a hawkish tone from the RBA could send this pair higher.
If we see a dovish tone out of the RBA then we favour a short on the AUDJPY back down into the...
Finally AUDNZD broke out of the range. It really took time but for sure it's a good thing in the end
AUDNZD has been resting at a major support zone for a while where it has not been able to go lower and the "only" way would be up.
AUDNZD is currently in a range and it has just visited the lower parts of it.
I will look for pullbacks to trade this pair
News...
AUDNZD has now been ranging for the last month more or less without a clear direction. It has hit resistance and support but able to create new lows and new highs but pushed back in. A breakout of this box can create a nice opportunity if the breakout is to the topside. A breakout to the downside is just a move into concrete floor of resistance without new lower...
In an ideal world, the AUDNZD would continue another wave of the uptrend and close above 1.10198.
Excuse my purple arrows lol they are for my reference of some S+R that I want to keep an eye on...
On the Weekly, we've been making lower lows since the 6th of April 2015.
More recently on the Daily chart, we've been making Higher Highs and Lower Lows since the...
Buy above 1.0491. Stop loss at 1.0430. Take profit at 1.0606.
Reason for the trading strategy (technically):
We look to buy above major support at 1.0491 (Fibonacci retracement, Fibonacci extension, long term horizontal support, bullish divergence) for a push up to at least 1.0606 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic...
