AUDNZD declining AUDNZD is declining on one hour time frame, there is a clear divergence on one hour chart which indicates bearish signals, short sell is recommended.
AUDNZD trade ideas
AUDNZD LongDaily Bias Bullish
Fundamental Analysis
NZD Weakening, AUD Strengthening
Price Action:
H4/Daily TF - Price breakout of resistance level and retrace to retest it.
H1 TF - Price consolidated at S/R level and breakout of consolidation towards upside.
Confluence:
Higher TF (W/D/H4) - Retest of broken resistance of H4/Daily TF
Lower TF (H1/M30/M15) - Breakout of consolidation towards upside.
Set up: Long trade setup at broken H1 consolidation resistance level. Targeting Daily swing high. R:R 1:4/ SL below the consolidation support level of H1
AUDNZD LongDaily Bias Bullish
Fundamental Analysis
NZD Weakening, AUD Strengthening
Price Action:
H4/Daily TF - Price breakout of resistance level and retrace to retest it.
H1 TF - Price consolidated at S/R level and breakout of consolidation towards upside.
Confluence:
Higher TF (W/D/H4) - Retest of broken resistance of H4/Daily TF
Lower TF (H1/M30/M15) - Breakout of consolidation towards upside.
Set up: Long trade setup at broken H1 consolidation resistance level. Targeting Daily swing high. R:R 1:4/ SL below the consolidation support level of H1
AUDNZD Moving in an Up ChannelOverall, the price remains bullish. We predict the price will continue to rise to the nearest daily resistance at 1.11890, forming 5 waves within the bullish channel.
TP: 1.11800 (+2)
SL: 1.10900 (30 pips)
AUDNZD: Long Setup Awaiting Key PullbackTechnical Analysis:
Weekly Chart: I won't comment on the structure of the weekly chart wether it is trending or not, but it has broken out of a range, indicating a bullish move is in play. Last week's price action shows buyers are in control, setting the stage for potential long positions on the lower timeframe this week. In the long run, the price appears to be heading towards the next horizontal level on the weekly chart around 1.1431/89.
Daily Chart: The daily price action has been ranging since July 11th, nearly two weeks now. Given the bullish sentiment on the weekly chart and no signs of bullish exhaustion on the daily chart, I'm comfortable going long on the lower timeframe from the bottom of the range.
4-Hour Chart: As per our plan, we will wait for a pullback to the bottom of the range around 1.1059/45 to go long.
Buy Limit Entry: 1.1059/45
Stop Loss: Below 1.1039
Target: 1.1136
Fundamental Analysis:
There’s not much happening with AUD except for the Flash Manufacturing PMI on Wednesday, July 24th. On the other hand, the RBNZ has brought forward their plan for a potential interest rate cut, which brings a dovish (bearish) sentiment in the market for NZD.
Hope you have a fantastic week ahead. Happy trading!
AUDNZD Weekly Analysis and OutlookAUDNZD Weekly Analysis and Outlook
This week, the AUDNZD pair has shown a strong upward trajectory, closing in a bullish continuation phase. This upward momentum indicates a positive sentiment among traders, suggesting further potential for growth.
Current Market Overview:
The pair has been steadily moving upwards, supported by favorable market conditions and bullish sentiment. As it approaches a key resistance zone, traders should closely monitor the price action. A successful break above this resistance would likely confirm the continuation of the bullish trend.
Expectations and Potential Scenarios:
Upon breaking the resistance zone, we anticipate that the AUDNZD will continue its upward momentum. This breakout could open the door to higher levels, offering traders potential opportunities to capitalize on the bullish trend.
Primary Expectation: If the resistance is broken, the price is likely to sustain its upward movement, potentially targeting higher resistance levels. This scenario would reinforce the bullish outlook, making it a favorable environment for long positions.
Alternative Scenario: However, if the price encounters strong resistance and fails to break through, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at lower levels before resuming the upward trend.
Conclusion:
In summary, the AUDNZD pair is poised for further upward movement following its recent bullish phase. Traders should watch for a decisive break above the resistance zone, which could serve as a catalyst for continued gains. Maintaining awareness of both bullish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly.
By Piptera Digital Solutions,
Invest Wisely!
AUDNZDGood day,
The AUDNZD pair is currently exhibiting a bullish structure, indicating a general upward trend in the market. Within this broader uptrend, the price action is forming smaller, localized structures that suggest a continuation of the bullish momentum. These smaller structures often consist of higher highs and higher lows, which reinforce the overall upward direction. This pattern implies that buyers are consistently stepping in at higher price levels, pushing the market further up. As the price continues to respect these smaller bullish formations, it signals sustained buying pressure and the potential for further gains in the AUDNZD pair.
Long trade
18:00 PM
18th July 2024
Buy-Side Trade Details:
Risk-Reward Ratio (RR): 4.87
Entry: 1.10976
Profit Level: 1.11551 (0.52%)
Stop Level: 1.10858 (0.11%)
News driver:
Highlighted (Yellow Flag)
Australian Dollar Gets Limited Lift from Mixed Jobs Report:
July 18 - The Australian dollar was left directionless on Thursday after a jobs report provided mixed data, failing to clarify the outlook for a rate hike.
Short trade
11.46am
18th july 24
Buyside stops taken
Sellside trade
RR 7.1
Entry 1.10909
Profit level 1.10639 (0.27%)
Stop level 1.10944 (0.03%)
AUD/NZD For Bullish after finish Correction at Green Arrowyou can go long now and take any target
- General Trend is Up Trend
- Price Finish Correction Wave at Green arrow
have fun :)
AUDNZD is BearishBearish RSI divergence seems to be at play as previous lower highs is broken and as soon as the trendline breaks we can expect more downside movement as per Dow theory. Targets are mentioned on the chart.
AUDNZD POTENTIAL SHORT CONTINUATION OPPORTUNITYHello Everyone!
How are you all?
AudNzd is a pair to watch this week, because it has shaped up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The overall trend is bearish.
2. The price has formed a continuation structure.
3. The price has approached the value area.
Game Plan:
If the price closes below the rayline with a bearish, impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
#AUDNZD
The range trading ceiling is suitable for high risk and high reward. With the formation of the Wykoff pattern, it can move to complete the pattern.
AUDNZD is showing bearish signalsAUDNZD is showing downtrend signs, rsi shows bearish divergence on hourly time frame shorting is a good option.
Short Term BUY - AUDNZDThis trade will need to stabilize to back up 1.11313 and this will happen very soon before daily candle close in most case.
I just bought.
I'll update as need.
I'll add if it keeps dropping
Cheers.
AUDUSD ready to break the trend lineAUDUSD holding a long position .
[ b]Indicators [/b ]
Multiple test at the support line
Change of character I.e up trend
Strong candle stick formation
Note : the first entry point is at the orange circle indicated on the chart but we will wait for a rejection as indicated which will serve as our second entry level
The most annoying part Traders don't like this going on for a long time , if you agree with me kindly signify
AudnzdDBR quality movement on 1HTF
Opposingline been removed+ Mommentiumline breaks
Down to5min execution with next high zone targetted
AUDNZD - Bullish Trend (Playing Hidden Bullish Divergence)AUDNZD can be seen in a bullish trend with hidden bullish divergence which is regarded as a trend continuation. I have placed a LONG trade and want to test if I have understood the hidden divergence correctly.
NZDAUD - Bullish DivergenceIts forming a bullish divergence, Lets wait to break the LH and form HL and change the trend.
AXY indices is still on an upward movement but losing momentum
ZXY indices is still in range bound but moving towards resistance.
Expect a breakout
Key levels are defined
AUDNZD: Sentiment Persists Move UpAUDNZD has rallied into MON as expected and noted prev.
Stronger AUD VS RBNZ Weakness (dovish inflows) is driving it further and further above local highs.
Good chance to see higher, but too late to buy. Only considering catching light short falls.
AUDNZD: Bullish Breakout & ContinuationThe AUDNZD pair is currently experiencing a strong uptrend, with the price steadily rising within an upward parallel channel.
After reaching the resistance line of the channel, the price started to consolidate within a narrow range on a 4-hour chart.
However, with today's bullish movement, the price successfully violated the resistance of the range, suggesting strong buying momentum and a likely continuation of the bullish trend.
The next resistance level to watch for is at 1.1164
