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Aud-nzd

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). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
14
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.
Long
by Timonrosso
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! 💹💵📈 ❤️ Please, support my work with Like and subscribe to never miss a new idea! - thank you!❤️
Short
by michaelmolek
1
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.
Long
by JoeChampion
3
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. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by FortunaInvestments
AUDNZD: Sell signal confirmed.The AUDNZD pair got rejected on the 1D MA50 turning the 1D technicals bearish (RSI = 42.793, MACD = -0.002, ADX = 30.864) for the first time in a month. The price got also rejected on the 1D MA200 and the LH trendline on April 21st, which started the current bearish leg. This may give a rise to a Channel Down. We are short, targeting the HL trendline (TP = 1.05300) and is the price closes under the S1, we expect a bearish extension to S2. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
Analyzing 8 Currencies: A Weekly Forex Breakdown & InsightIn my trading strategy, I analyze eight custom currency indexes on the 30-minute time frame to capture short-term market movements. I utilize pivot points, Exponential Moving Averages (EMAs), and various technical analysis techniques to develop a bullish or bearish bias for each currency. By examining the interactions between these indicators and price action, I can better understand the direction of the market and identify high-probability trading opportunities that align with the prevailing market sentiment. By focusing on the strength and weakness of major currencies and aligning our trades with the overall market mood, we aim to make informed decisions in the dynamic world of forex. Here's how I use these charts! Custom Currency Indexes: I've created custom indexes for eight major currencies: USD, EUR, GBP, JPY, CHF, AUD, NZD, and CAD. These indexes help me monitor the strength and weakness of each currency relative to the others, giving me valuable insights for my forex trades. Market Sentiment: I also pay attention to the overall market sentiment, which is generally considered "risk-on" when AUD, NZD, and CAD are showing strength, and USD, CHF, and JPY are showing weakness. This risk-on mood indicates that traders are more willing to take on risk, favoring higher-yielding currencies like the AUD, NZD, and CAD. Analyzing Currency Pairs: When looking for trading opportunities, I analyze both the relevant currency indexes and the market sentiment. For example, if I'm considering a trade on the AUD/USD pair, I would look at the AUD index and the USD index to gauge the strength and weakness of the currencies. Matching Up with Market Sentiment: If the strength and weakness of the currencies in the pair align with the overall market sentiment (e.g., AUD is strong and USD is weak in a risk-on environment), it may be a good time to take the trade. If the currency strength and weakness do not match up with the market sentiment, it might be better to stay out of the trade. In summary, my forex trading strategy combines custom currency indexes, market sentiment, and analysis of individual currency pairs. By considering these factors together, I aim to identify favorable trading opportunities in line with the prevailing market conditions. __________________________________________ My current bias for each currency on the 30 minute chart. May 7, 2023 USD: The USD is clearly experiencing a downward trend. Recently, there has been a significant refusal to breach a resistance zone, causing it to fall below all of my EMAs. I believe the downward momentum is likely to persist. GBP: Recently, the pound has gained considerable upward momentum and appears to be preparing for a sustained movement in the same direction. EUR: The EUR has lately broken through long-term trends and support levels, indicating a potential continued decline. While I maintain a bearish outlook, I am closely monitoring price movements. I have observed an RSI divergence on the 30-minute chart, which I consider a warning to be wary of additional declines until a substantial pullback occurs. JPY: Recently, the JPY has broken a short-term trend and a head & shoulders pattern. The price is now below all of my EMAs and is moving in accordance with the longer-term downward trend. CHF: The CHF has recently broken a long-term trend and support level. Currently, the price is retesting the previous support as potential resistance. Based on this price behavior, I anticipate further declines. AUD: While the AUD is experiencing an upward trend, it is encountering notable resistance levels that could exert downward pressure. Nevertheless, I will maintain my bullish stance until evidence suggests otherwise. NZD: The NZD has recently displayed strong bullish momentum, and my inclination is towards an upward direction. However, exercise caution as the price action has formed a bullish continuation pattern, but there are indications of decelerating momentum, suggesting a possible pullback in the near future. CAD: The CAD has experienced a substantial upward surge lately. Although I am currently bullish, the price appears somewhat extended and is approaching a recent high, which could lead to some selling pressure.
by natron
2
AUDNZD Triangle close to breaking outThe AUDNZD pair has hit our previous target (see chart below) and is currently on a Triangle pattern: The break-out of this pattern will dictate the next trend. Right now the price is below the 1D MA50 (blue trend-line) so currently we have to give a slight edge to the bearish break-out. In that case, our target will be 1.04700 (December 16 2022 Low). If the price closes above the Triangle (Lower Highs trend-line), we will buy the break-out, target 1.10000 (bottom of Pivot Zone) and then short from the top for the long-term. P.S. The RSI's Rectangle can be of additional help for buying and selling. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
AUDNZD | Australian Dollar New Zealand Dollar STRONG BUYDownside risks for NZD remain, though, given asymmetric risks to RBNZ pricing. The persistent curve inversion suggests markets are pricing in a risk of a policy mistake. We are watching the Feb RBNZ meeting closely, particularly for guidance on the balance sheet," "We expect AU D to outperform NZD (targeting 1.08) given risks that swap traders reduce expectations for RBNZ policy (current implying a likelihood of 6 hikes in the next 12 months),"
Long
by DaveBrascoFX
1
AN coming to a supporton the higher timeframe, price might get supported..might not..lets see.rate news next week for AUD. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 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. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
AN trending up nicely...As mentioned a break up on this pair would see more upside...lets trade with this likely new trend upwards. :) **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 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. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys
AUDNZD Outlook 20 April 2023The AUDNZD continues to trade higher as price respects the uptrend and maintains within the upward channel. Most recently the price bounced strongly from the horizontal support level of 1.0810 and the bottom of the channel to trade up to the 1.0890 resistance level following the release of the NZ CPI q/q data at 1.2% (Forecast: 1.5% Previous 1.4%). A slowdown in inflation growth could reduce the need for the RBNZ to continue with further interest rate hikes. While a continuation of the uptrend is expected, watchout of a possible brief retracement at the current resistance level or at the top of the channel. Continuation of the upside is likely to require further weakness on the NZDUSD. Ideally, look for buying opportunities after a retracement on the AUDNZD.
Long
by JinDao_Tai
1
AUDNZD Outlook 17 April 2023Toward the end of last week, the AUDNZD retraced from the resistance level of 1.0810 to trade down to the 1.0740 price level which coincided with the upward trend line and was within the area of the 38.2% Fibonacci retracement level. The price bounced from the trendline and has now broken above the resistance level as the AUDUSD and NZDUSD weakened on Friday. While the price could consolidate or retrace briefly, further downside on the NZDUSD could see the AUDNZD continue to trade higher to retest the next resistance level of 1.0890.
Long
by JinDao_Tai
AN potential break up or reversal **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 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. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
1
AN more on the downside to come...As previously mentioned it is more on the downside..bias to short moving forwards... **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 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. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
2