AUDNZD trade ideas
possible bearish SHS or a bullish conitunation channel will AUDNZD pair follow the channel and continue on a bullish momentum or will it respect the SHS?
1.07230 is the zone to watch out for either a break or bounce.
THIS IS NOT A FINANCIAL ADVICE ALL TRADES SHOULD BE TAKEN BASED ON YOUR PERSONAL DECISION.
Don't miss the great sell opportunity in AUDNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.083). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
Take Profits:
TP1= @ 1.0752
TP2= @ 1.0677
TP3= @ 1.0619
TP4= @ 1.0530
TP5= @ 1.0448
SL: Break Above R2
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AUDNZD FORMING ASCENDING CHANNEL PATTERNWe can see an Ascending Channel Pattern being formed on AUDNZD Chart, Seems to be a possible breakout , Only trade after a Breakout of support and take profits of around 500 pips easily
A Story on AUDNZD I can imagine price going in Upside Or DownSide. You can never tell. The key here is to be prepared where it goes.
Don't miss the great sell opportunity in AUDNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.0665). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 1.0610
TP2= @ 1.0575
TP3= @ 1.0530
SL: Break Above R2
AUDNZD 4H CHANNEL BREAKOUTmarket breaks out 20 DAYS old channel with strong BEARISH CANDLE, keep eye on AUDNZD.
Don't miss the great sell opportunity in AUDNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.067). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 25.
Take Profits:
TP1= @ 1.0602
TP2= @ 1.0570
TP3= @ 1.0530
SL: Break Above R2
AUD/NZD NICE SELL OPPORTUNITYAS WE CAN SEE AUD/NZD IS STRUGGLING TO MAKE NEW HIGHS THAT COULD ONLY MEAN THAT THOSE WHO EVER IS BUYING FROM DOWN HE IS OUT AND LOOKING FOR A BETTER PRICE TO BUY. SO THIS PAIR COULD ROLL BACK DOWN 1ST TARGETS ARE AT 1:1 RR SECOND TARGET ACCORDING TO YOUR PLANS
Don't miss the great sell opportunity in AUDNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.0531). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 37.
Take Profits:
TP1= @ 1.0457
TP2= @ 1.0382
TP3= @ 1.0307
SL: Break Above R2
Don't miss the great sell opportunity in AUDNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.0220). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Take Profits:
TP1= @ 1.0124
TP2= @ 1.0075
TP3= @ 1.0020
SL: Break Above R2
AUD/NZD Technical AnalysisAUZ/NZD Trend is Short in Long term, But Showing a Short Buy trend and Ultimately Leading yo a long Sell position.
Siby Varghese
