AUDNZD - PREFER LONGThe counter is travelling in both support trend line and an accumulation phase from 28th June and 26th June respectively. We can still maintain long because the counter didn’t break the support trend line. The bullish trend still exists in this counter.
We can also go for a swing trade in the accumulation phase between the ranges 1.0715 to 1.0678. If the counter breaks both the accumulation phase and the support trend line the trend may reverse, this is the only possible way for a trend reversal.
NZDAUD trade ideas
Don't miss the great buy opportunity in AUDNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.0673). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 66.
Take Profits:
TP1= @ 1.0727
TP2= @ 1.0751
TP3= @ 1.0778
TP4= @ 1.0828
TP5= @ 1.0880
SL= Break below S3
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AUDNZD on 1HRAbout me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his travelling sword along with rented ferrari came down here in the modern age of 2020, sold his ferrari and managed to gather some money for this trading.
Disclaimer:- Don't Listen to me, I'm not a financial advisor
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
❤️ If you find this helpful and want more FREE forecasts in TradingView,
Please show your support back,
Hit the 👍 LIKE button,
Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
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
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