AUD/NZD trades 0.06% lower on the day, extending downside after rejection at 20-DMA.
China-US heat-up in tariff threats keeps risk sentiment dented, weighing on the antipodeans.
Technical indicators are biased lower. RSI is weak below 50 levels and Stochs are biased lower.
The pair finds strong trendline support at 1.0615, we see weakness accentuate on break...
AUDNZD is testing major resistance and presents us with a good opportunity to sell.
Sell below 1.0711. Stop loss at 1.0734. Take profit at 1.0656.
Reason for the trading strategy (technically):
Price is testing major resistance at 1.0711 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level...
AUDNZD is testing strong harmonic resistance and looks poised to drop from here.
Sell below 1.0797. Stop loss at 1.0833. Take profit at 1.0706.
Reason for the trading strategy (technically):
Price is testing major resistance at 1.0797 (Fibonacci extension, bearish harmonic formation) and a strong reaction could occur at this level to push price down towards...
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...
Hey guys,
Time for some NZD bulls in this currency pair.
Technically, in the daily chart, it is clear that a break out trade is in play. First, notice that support trend line break out on 15.09.2017, after that price corrected higher as a stochastic buy signal was printed after 02.10.2017. Between 19.10.2017 and 25.10.2017, there was congestion and a consolidation...
HI everyone, Sell AUDNZD now to get a short term selling setup. It's currently roaming around the upper trend line of the channel after strong impulsive move. Correction now yet to come to better is to sell the pair now thanks
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
The current structure along this week, seems like it is making a continuation correction to the downside, once is broken could be an opportunity to the downside.
Today is the interest rate decision of New Zealand it could drive this pair the direction would depends on the outcome but according to the structure seems more bearish at the moment, it might change if...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
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...
See Chart. Trending upward, but at the top of its channel. Due for a move to the lower channel line/Support line. 4 Hour chart appears to be forming a reversal candle. Great move to the downside.
AUDNZD still in downtrend, right now already touch channel down resistance.
enter short position will be a good idea with target at channel down support (1.0421), and stop loss above fibonacci .618 at 1.0771
with this setup, we aim for 230 pips, with 1:2 R/r
Please drop like if you agree with this analysis ^^
Hey guys,
lately this pair had a huge increase in value, and that's due to AUD strenghtening over the last period. But this doesn't mean we can't look for shorting opportunities if they come. In this case we have an oversold condition on RSI at a structure daily level along with 618 retracement of the bigger daily leg. The conditions for a retracement are there,...
