AUDNZD Potential UpsidesHey Traders, in the coming week we are monitoring AUDNZD for a buying opportunity around 1.07500 zone, AUDNZD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.07500 support zone.
Trade safe, Joe.
Aud-nzd
AUDNZD Halfway through the bearish leg. You can still sell.AUDNZD crossed under the 1day MA50 this week for the first time since May 24th.
That is the bearish leg from the Falling Resistance to the Rising Support in order to form the new Higher Low.
The 1day RSI just entered the 4 month Support Zone, where the price Low was formed at the bottom of the Support Zone.
This is still a good sell. Target 1.061500.
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AUDNZD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.07500 zone, AUDNZD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.07500 support zone.
Trade safe, Joe.
AN should be continuing downLast week, I mentioned about looking to short on AN if there's opportunity...a pullback pull can be seen since tues. Bearish flag on h4, looking to start shorting again for AN.
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EN/EA likely a pullback on higher timeframe and look for long Bias to go on long on lower timeframe
Likewise same for EurAUD
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Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
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AUDNZD: Classic Bullish Reversal 🇦🇺🇳🇿
AUDNZD was steadily falling within a channel.
Once 1.082 support was reached, the market started to consolidate
within a horizontal range.
During the Asian session, bulls manage to break the resistance of the range
and the upper boundary of the channel.
It is a very important indicator of the strength of the buyers.
I expect a pullback to 1.0884
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AUD/NZD potential swing trade long above the April lowAUD/NZD has fallen 3% since the April high, although it looks set to build a base above the April low. A Rikshaw Man Doji formed on the daily chart above this key support level and a bullish RSI is forming on the RSI (2) to hint at a near-term inflection point.
What may help it rally from here is Bloomberg's report that the RBA considered three rate paths ahead of their February meeting, two of which saw rates climbing to 4.8%, and the other at 3.35%. Given rates are now 3.8%, it leaves room for more hikes and for the RBA OCR to close the gap with RBNZ's.
The bias remains bullish above the April low and for a counter-trend rally towards the 1.7034 high.
AUDNZD Potential UpsidesHey Traders, In today's trading session, we are paying close attention to the AUDNZD currency pair, as we believe there might be an opportunity to buy around the 1.09600 zone. From a technical standpoint, AUDNZD is currently in an uptrend but experiencing a corrective phase. It is approaching a significant support zone around 1.09600, which adds to its appeal as a potential buying opportunity.
From a fundamental perspective, it's worth noting that the Reserve Bank of Australia (RBA) is still in the process of gradually raising interest rates. This indicates their intention to tighten monetary policy in order to manage the economy. On the other hand, the Reserve Bank of New Zealand (RBNZ) has officially halted any further rate hikes, suggesting a more stable or potentially looser monetary policy approach.
Considering both the technical and fundamental factors, the current market conditions suggest that the AUDNZD pair could present an attractive buying opportunity near the 1.09600 support zone.
Trade safe, Joe.
AUDNZD, H4 | Double Top Reversal?We're seeing price make a nice double top reversal off the 127% Fibonacci extension. A reversal from here usually brings price down to the 100% level where it broke out from.
We're zooming in a bit more into the H4 time frame and notice that price has formed a nice double top pattern. We could see price drop from the 1.0966 towards the 1.0932 which is the pullback support level and a major 23% Fibonacci retracement.
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AUDNZD Potential UpsidesHey Traders, in the coming week we are monitoring AUDNZD for a buying opportunity around 1.09700 zone, AUDNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.097 support zone, additionally AUDNZD have formed a bull flag in lower timeframe so we will be considering a potential breakout of the pattern.
Trade safe, Joe.
Institutional Supplu: AUD/NZD ShortHi again!
Cool - it's time to share the second chart I've my eyes on as well for the upcoming 48 hours! It is of course AUD/NZD (again) but this time for a potential short play!
Overall, our criteria points are met, and they are rather simple so that is nice. However, we've some additional things that I like! And, that is the fact that this pair is getting very over-extended and that is pretty rare for pairs such as these. This does increase the probability of my zone playing out for a pullback, so I'll be waiting!
Of course, the 4hour time-frame is what I am looking at to confirm my bias.
Kind regards,
Max Nieveld
AUDNZD: Turning into a sell as it approached the Channel's top.AUDNZD is on a very aggressive short-term rally following the 1.05600 Low, turning overbought on its 1D technicals (RSI = 73.113, MACD = 0.006, ADX = 40.707). As the price approached R1 (1.108900), it is gradually turning into a sell opportunity, with the Channel Up Top being just over.
Consequently, we turn bearish ourselves, targeting the bottom of the Channel Up (TP = 1.062500).
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AUDNZD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.08300 zone, AUDNZD is trading in an uptrend and currently seems to break out an important resistance area so in today's session we are watching a potential retrace of the break out towards more highs.
Trade safe, Joe.
AUDNZD showing strong upside with a breach in the W target 1.140AUDNZD W Formation has formed over the last month.
The price has broken above the Neckline, showing strong upside to come.
We have other indicators confirming this.
7>21 - Bullish
RSI>50
Target 1.14000
SMC - Sell Side LIquidity
Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter into their trades.
Looking good! I'll let you know as this trade plays out and what adjustments I will make along the way.
AUDNZD will go downPair Name: AUD/NZD
Time Frame: 4hrs Chart
Direction: short
Comment:
📢 Market Update 📉💰
📊 It appears that we could witness a bearish price movement based on the current technical analysis. The price has successfully filled the existing imbalance and encountered resistance at the prominent level of 1.09000. My target is to exploit the significant downward potential required to balance the market.
💱 At the moment, the AUD-NZD pair is undergoing a bullish correction. However, my analysis suggests that we might anticipate a downward shift in the near future. Consequently, I recommend considering a selling position to take advantage of this expected move.
Stay tuned for further updates and trade wisely! 💹💵📈
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AUDNZD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring AUDNZD for a buying opportunity around 1.08500 zone, AUDNZD was trading in a downtrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more highs. Fundamentally with current inflation issues in Australia AUD is looking attractive for investors as RBA is heading towards further rate hikes.
Trade safe, Joe.
AUDNZD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for AUDNZD .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
AUDNZD for a possible massive dropAs we can clearly see, price is in a bearish phase. It first gave us a reaction of a higher timeframe demand which eventually failed. Price then retraced back up, forming liquidity just below our 1h POI that was left behind when price rallied. This has now provided us an opportunity to catch the rest of the move to the downside through a flip entry that has been established.
AUD/NZD Possible Short term Upward MoveHello Traders
NZD dropped hard in the last days of last week.
Overall view of AUD/NZD is still bearish but last week's candle changed the situation at least for the short term.
We expect AUD will catch this opportunity and relive some of its losses VS NZD (a short correction), otherwise, the price will continue moving downward.
Also, some indicators(stochastic) are showing possible correction.
Our technical view has been shown in the chart.
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Team Fortuna
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