AUD came out with a bit disappointing retail sales, giving fuel to this downfall against NZD. Volume is showing cash build up, rsi and macd is leaning toward lower price tag. Let it break 10EMA before going short. Also be aware Cash Rate and RBA Rate Statement comes out today in Australia.
Hey traders, another analysis i really enjoyed today. This is one of my favorite style, for youhave to support your view by adding more and more clues (of value) to your side. Here on AUDNZD we are at a bigger Gartley completion, and we can see a nice AB=CD pattern and a Fibonacci cluster all right there. In addition to that, we also are in an OVERBOUGHT condition...
Note: AUD/NZD follows what we predicted last week and previously. Overall, we are bearish on this pair. Here are 2 Trading Plans for this trade: 1. Wait for pullback to the upper line of this downward channel, followed by bearish signal to short with right risk amount. 2. Zoom into H4 or H1 chart and look for pullback to 20 EMA and short with right risk amount.
Note: AUD/NZD follows what we predicted early and congratulation to those who follow our previous earning trade. Overall, AUD/NZD still in bearish mood. We need to wait the price move up to the upper of the downward channel. After that, wait for 1 strong bearish signal or 2-3 bearish signal to short!
Bearish trendline resistance zone. Multipe tests of 1.0400 key support zone with no significant >0.707 fib retracements. Perfect bearish 0.786 fib retracement indicating a possible move down to 1.0300 before a correction to the upside at the bullish butterfly (Scott Carney harmonic pattern) completion zone @ 1.0290. Most recently, a bearish gartley (harmonic...
Hi traders, this time i want to show you a flag pattern that is forming up in 1hr chart on AUDNZD. Here we recently broke and closed below an important structure level (black line), so we expect price to continue lower. It is very usual to see consolidation patterns after impulse legs like this, and the likelihood is that market continues on the impulse leg's...
Double Bottom Completed Entry: 1.0429 SL: 1.0405 (-24) TP1: 1.0446 (+17) TP2: 1.0465 (+35)
AUD/NZD is trading in a range between the resistance and support zone indicated. In recent time, it is trading within the downward channel. The price rally up near to the upper side of the downward trend line. Wait for bearish signals to short this pair. You can earn little convenience interest by holding this pair for longer time. If the bullish trend...
Just came across the AUDNZD .It has a rather interesting structure to it. This could continue as projected. It might even retest the low
Price made a few failed attempts to break higher but quickly reversed at resistance area 1.0520-1.0545 I expect the pair to find support before bearish traders return to fade into any moves towards 1.0426 resistance to target 1.0285 as 1997 lows. A break beneath here should see.the 2015 lows.
Waiting for the breakout to see an impulsive move! Short the breakout.
Selling with only a few pips SL, I think its time for this bad boy to go down. great risk ratio !
AUDNZD Sell Idea This pair shows us a bearrish convergence on the H4 chart. But needs to retrace before continuing to new lows. The Bullish hidden divergence on the H1 chart might do that. The plan is to wait for a doube wave retrace upwards. Price must cross 1.12 before we can sell the bottom TL in order to complete a double wave cycle aiming 1.1138 SL last...