AUDNZD

Not much to do



On a side note : Assets managers are long, money managers are shorts.

Nothing is clear

Still holding quite a few shorts from down move last week. Weekly candle closed near the bottom of a red shooting star. Currently approaching bottom of intermediate channel trendline, coinciding with an area of 'possible' minor support (previously area of local resistance possibly turned support - dashed blue lines). A move down past previous week lows along with break of channel could bring some further downside. If this pans out, my next downward target would be near the 1.0528 area. Guess we'll wait and see..

#AUDNZD / Weekly & H4

Hello. After australian news during 05/13, 04.00 hs at H4 i think the pair is ending the uptrend. From Elliott, it seems a 5 wave at D1. I'm considering to open short position here.

I've watched this video in youtube. Interesting. The author considers it the best forex instrument to trade.

Time to try a sell here

Hey guys! I think there is a good short/sell opportunity here... news impulse up, now he will (probably) want to come back down to his morning maker

1.0740 long
sl : 1.0710
tp: 1.08
r/r: 1/2
%1 risk goal %2

Waiting for a sign from price action for a possible short entry

Hey Vincent, what kind of signs do you look for? I like to watch this pair too, thanks

Hi Konichiwhaat,
a sign that bears are entering in the market in this case, so candle patterns like a shooting star (hammer if I wait for bulls) or engulfing, on M15/M30/H1
This tells me that Big players look the same level that I saw. It doesn't give me a 100% win rate, but it helps a lot

If if gave you a 100% win rate I would be on my way to visit you right now to talk business! Thanks for your reply Vincent. I trade in a similar way. I like simple. I like to watch volume too. Sometimes it helps me confirm some of the candle movements. All the best!

No signs of bears atm
Waiting to see what happens at 1.0660 (AB=CD)
If not, on Daily TF it may go above 1.0800 to find bears

Buy?... Maybe?... Soon?

Daily candle closed with a long retracement wick at a strong S/R level. I think this is a LONG opportunity now

AUD/NZD consolidates above 21-EMA, poised for upside resumption

AUD/NZD chart - Trading View AUD/NZD was trading 0.13% higher on the day at 1.0788 at around 11:30 GMT. The pair is extending consolidation above 21-EMA support and technical analysis suggests the pair is poised for upside resumption. Price action has bounced off channel base support and has retraced brief dip below 200-DMA. Momentum has turned bullish with RSI edging above the 50 mark. Stochs are also sharply higher. A bullish 5-DMA crossover on 20-DMA adds to the upside bias. MACD shows bullish crossover on signal line. Minor pullbacks have held above 200H MA support. Scope for test of cloud top at 1.0850. Break out of cloud will confirm further bullishness. On the flipside, 21-EMA is strong support at 1.0772. Break below will see test of channel base support at 1.0730.

AUD/NZD holds channel base support, set to resume upside

AUD/NZD chart - Trading View Technical Analysis: Bias Neutral - Price action has bounced off-channel base support - The pair has retraced above 200-DMA and is set to extend upside - Momentum indicators have turned bullish, RSI has edged above 50 - Price is holding support at cloud base and Chikou span is biased higher - Volatility is rising as evidenced by widening Bollinger bands Support levels - 1.0752 (110-EMA), 1.0744 (200-DMA), 1.0719 (Lower BB) Resistance levels - 1.0793 (Upper BB), 1.0822 (23.6% Fib), 1.0957 (110-month EMA) Summary: AUD/NZD has bounced off-channel base support. Technical indicators have turned bullish. Stochs and RSI are biased higher. The pair is set to resume upside. A break below the channel negates any upside in the pair.