AUD/NZD Daily Analysis

This pair has all aspects to get profits from trading it.

WHY TO TRADE AUD/NZD
SLOW MOVING PAIR
ITS DAILY AVERAGE RANGE IS 600 POINTS = 60 PIPS
IN RANGE SINCE 3 YEARS OF 12000 POINTS = 1200 PIPS
IN RANGE OF 8000 POINTS = 800 PIPS SINCE 12/9/2016 TILL TODAY
IF YOU MAKE A MISTAKE IN ANY TRADE THE CHANCES TO RECOVER THIS MISTAKE DUE TO SMALL AND SLOW DAILY RANGE ARE VERY HIGH AND TO BE ALSO IN PROFIT

You are all so welcomed to join me in this Thread, to begin a new era of related trading with fundamentals and analytical analysis

it is a slow moving pair in most cases and depends on both strong major pairs aud and nzd

BCZ THIS PAIR MOVEMENT IS VERY SLOW, I WILL ADD SOME SONGS TO PASS TIME AND ENJOY YOUR FOREX JOURNEY WITH ME.....

I CHOOSE SONGS WITH DEEP LYRICS THAT WILL TOUCH YOUR HEART AS A TRADER,,,,,

"THIS IS MY WAY TO HIGHWAY....."..... THANK YOU profitfarmer.

because the aud and nz are correlated to each other and to the eur/usd mainly ( in most of times they both move when you expect the eur/usd to move, but the eur/usd in these cases is a rock in high mountain not moving a bit .)

I am not native in English Language, so please excuse my poor English .

your analysis and ideas for how to get more profits trading this cross pair are appreciated and your posts presence here are meaning a lot to enhance our experience

I am not using the standard analysis for trading this pair as it is not standard for many reasons, and any strategy you wish to use is welcomed too.

this thread is connected to "AUDUSD Reloaded thread", and I do hope to grow the thread for 1 million view.

lets begin of my trading analysis for today...

in general I am using two types of charts analysis . some of you had called me the crazy trader as i am not using in most cases the standard tactics such as resistance and support or fib or ....

I am using my own principles but yours are again so welcomed

i make analysis for this pair in 2 means ;

5 min chart with osma and stoc.
1 hr chart with ( many ) moving average based indicators....

before long time back i was not using indicators , but i am now using them...

in my analysis i do not use stop loss, even i programmed my ea's to add them once i open a chart, then i delete these stop losses manually as i do believe that the brokers and some "ghosts" are hunting the stop losses

the H1 chart


the 5 min chart

from the 5 min chart i can "guess" the sentiment of the traders in short time frame, but using osma in non standard limits
from the 1 hour chart, i confirm my trades and analysis

so

on today at NY session, i expect that we will see a movement to the south of this pair, as per the 5 min chart:
stoch above 80.
osma above zero line and Fat.

from `1 hr chart, the mixed readings suggest to hold my sell positions

also, the daily range of this pair is counted

accordingly, if this pair goes to the south that is meaning :

aud to south and nzd to north - is not it true ?

this pair has not the popularity as the aud/usd... i know, so, on daily basis i will show my expectations and i will leave the balance for your judgement.

the osma at 5 min chart i am using is long and slow to avoid the noise

on sell side - the drop of this pair will reach to 1.08300 and if the usd events an figures are strong as expected today, the aud/nzd might reach the 1.08110

as the coming events today are so strong . i hope your account will be staying alive

Bee Gees - Stayin' Alive (1977)

i will add in my thread here a song on to cheer up traders , just for fun before the events

https://youtu.be/I_izvAbhExY

aud/nzd begins to move to the south as expected

this move resluted 28 pips since its beginning

1.08330 touched by the pair now

Currently short via the daily chart. Might add a bit more here.

Fun pair that likes to range.

yes it is a funny pair that likes to stay in channel range for long time

i am also short to 1.08000

good day

on today there are 2 levels that the pair might touch

now price is 1.08294 @ 8:30 am morning

take profit 1 on short side is 1.07930

take profit 1 on long side is 1.08630


till next week - on monday.



enjoy good simple salads

Jamie Oliver's principles for superb salads

https://youtu.be/-9p31reoSD8

THE PAIR AUD/NZD IS PREPARING TO GO NORTH .

an m30 close above 1.0833 will probably lead to 1.0858

200 POINTS THEN BOUNCED BACK FROM 1.08280 to 1.08000..

the chance is still there that the pair will continue the movement to the level 1.0860 , if not this week it will be in next week.

happy weekend

it is going to north as expected to reach levels of 1.085xx, to 1.086xx .... it is now 1.08400

now it is 1.08450

Super! Have a nice weekend. :-)

the pair hit the target with 1.084500 and stopped there

for next week



its movement has two options:

 

1. to go up for another few pips 15 pips or less then it will fall down to new level of 1.0800

1. or to wait it to go down firstly ( no trade ) to evels near 1.08000 then to go up to 1.08500 and 1.086 then after that the osma will change color to red and we begin the south trip.

till, then, happy weekend and see you on next week