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Australian Dollar / New Zealand Dollar

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AUDNZD trade ideas

A second Chance to Buy in AUDNZDMidterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.0630 would begin in Midterm. We will close our open trades, if the Midterm level 1.0630 is broken. Technical analysis: While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 1.0825 on 09/16/2019, so more losses to support(s) 1.0730, 1.0660 and minimum to Major Support (1.0630) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 57. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (1.0630). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT , you have a second chance to buy above the suggested support line (1.0630). Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Trade Setup: We opened 10 BUY trade(s) @ 1.0354 based on 'Hammer' entry method at 2019.08.06. Total Profit: 4224 pip Closed trade(s): 1920 pip Profit Open trade(s): 2304 pip Profit Closed Profit: TP1 @ 1.0430 touched at 2019.08.07 with 76 pip Profit. TP2 @ 1.0490 touched at 2019.08.07 with 136 pip Profit. TP3 @ 1.0585 touched at 2019.08.21 with 231 pip Profit. TP4 @ 1.0660 touched at 2019.08.29 with 306 pip Profit. TP5 @ 1.0760 touched at 2019.09.13 with 406 pip Profit. 76 + 136 + 231 + 306 + 406 = 1155 pip Open Profit: Profit for one trade is 1.0738 (current price) - 1.0354 (open price) = 384 pip 5 trade(s) still open, therefore total profit for open trade(s) is 384 x 5 = 1920 pip All SLs moved to Break-even point. Take Profits: TP6= @ 1.0850 TP7= @ 1.0990 TP8= @ 1.1140 TP9= @ 1.1335 TP10= Free
Long
by ForecastCity_EU
A second Chance to Buy in AUDNZDMidterm forecast: While the price is above the support 1.0530, resumption of uptrend is expected. We make sure when the resistance at 1.0730 breaks. If the support at 1.0530 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 1.0530 is broken. Technical analysis: The ascending flag taking shape suggests we will soon see another leg higher. While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 1.0705 on 09/03/2019, so more losses to support(s) 1.0630, 1.0585, 1.0545 and minimum to Major Support (1.0530) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 63. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (1.0530). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT , you have a second chance to buy above the suggested support line (1.0530). Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Trade Setup: We opened 10 BUY trade(s) @ 1.0354 based on 'Hammer' entry method at 2019.08.06. Total Profit: 2525 pip Closed trade(s): 617 pip Profit Open trade(s): 1908 pip Profit Closed Profit: TP1 @ 1.0430 touched at 2019.08.07 with 76 pip Profit. TP2 @ 1.0490 touched at 2019.08.07 with 136 pip Profit. TP3 @ 1.0585 touched at 2019.08.21 with 231 pip Profit. TP4 @ 1.0660 touched at 2019.08.29 with 306 pip Profit. 76 + 136 + 231 + 306 = 617 pip Open Profit: Profit for one trade is 1.0672 (current price) - 1.0354 (open price) = 318 pip 6 trade(s) still open, therefore total profit for open trade(s) is 318 x 6 = 1908 pip All SLs moved to Break-even point. Take Profits: TP5= @ 1.0760 TP6= @ 1.0850 TP7= @ 1.0990 TP8= @ 1.1140 TP9= @ 1.1335 TP10= Free
Long
by ForecastCity_EU
Don't miss the great buy opportunity in AUDNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.04517). 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 uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 1.0545 TP2= @ 1.0630 TP3= @ 1.0720 SL= Break below S2
Long
by ForecastCity_EU
There is a trading opportunity to buy in AUDNZDMidterm forecast: While the price is above the support 1.0275, resumption of uptrend is expected. We make sure when the resistance at 1.0630 breaks. If the support at 1.0275 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 41. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.0360 to 1.0275). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.0360) Ending of entry zone (1.0275) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 1.0430 TP2= @ 1.0490 TP3= @ 1.0585 TP4= @ 1.0660 TP5= @ 1.0760 TP6= @ 1.0850 TP7= @ 1.0990 TP8= @ 1.1140 TP9= @ 1.1335 TP10= Free
Long
by ForecastCity_EU
2
Don't miss the great buy opportunity in AUDNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.0419). 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 uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 48. Take Profits: TP1= @ 1.0488 TP2= @ 1.0545 TP3= @ 1.0720 SL= @ 1.0375
Long
by ForecastCity_EU