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Audnzdbuy

AUDNZD Right On Major Resistance, Time To SellAUDNZD is at a good selling opportunity. Sell below 1.0635. Stop loss at 1.0656. Take profit at 1.0562. Reason for the trading strategy (technically): Price is now testing major resistance at 1.0635 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices down to major support at 1.0595 (Fibonacci retracement, horizontal swing low support). We do have to be cautious of intermediate support at 1.0595 (Fibonacci retracement, horizontal overlap support) as price might bounce off there and only a break of that support would open a further drop. Stochastic (34,5,3) is seeing strong resistance below 95% where a corresponding reaction could occur.
Short
by MEX_Exchange
3
AUDNZD Testing Key Support, Prepare For A BounceAUDNZD is now testing a major support level which is a good buying opportunity. Buy above 1.0551. Stop loss at 1.0474. Take profit at 1.0823. Reason for the trading strategy (technically): Price is now testing major support at 1.0551 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, bullish harmonic formation) and a strong bounce could occur at this level to push prices up to at least 1.0823 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support above 2.5% where a corresponding bounce could occur.
Long
by MEX_Exchange
AUDNZD Is Right On Resistance, Time To SellAUDNZD is testing major resistance and presents us with a good opportunity to sell. Sell below 1.0711. Stop loss at 1.0734. Take profit at 1.0656. Reason for the trading strategy (technically): Price is testing major resistance at 1.0711 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices down to 1.0656 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support). Stochastic (89,5,3) is seeing major resistance at 95% and a corresponding reaction could occur at this level.
Short
by MEX_Exchange
AUDNZD testing strong resistance, prepare to sellAUDNZD is testing strong harmonic resistance and looks poised to drop from here. Sell below 1.0797. Stop loss at 1.0833. Take profit at 1.0706. Reason for the trading strategy (technically): Price is testing major resistance at 1.0797 (Fibonacci extension, bearish harmonic formation) and a strong reaction could occur at this level to push price down towards 1.0706 support (Fibonacci retracement, horizontal swing low support). Our stop loss is at 1.0833 which is just above a major swing high and Fibonacci retracement to give our trading setup ample breathing space. Stochastic (34,5,3) is seeing nice resistance at 93% where a corresponding drop could occur.
Long
by MEX_Exchange
1
Long AUDNZD Longterm Based on Multiple Timeframes - 400pipsWe were long on AUDNZD from 1.03 and hit our TP yesterday at 1.09 where we touched the EMA200 as expected on the weekly time frame, however, the recent bullish move has shown strong signs of even a further bullish move and I cannot resist to re-entering, even if it is a Thursday evening before the last Friday of the month + Bank holiday weekend!! A closer look on the daily time frame shows we have successfully broke through a key resistance level . Zooming in to the hourly charts, we can see price was in a consolidation zone since yesterday morning and has now broke out above with another strong leg up. We are aiming for 1.10+ with a potential target of 1.13x for 400pips. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Long
by AEFX786
Out of the Channel now. Is it going to continue?Hi guys, after consolidating in a parallel channel for about 40 days, price has finally managed to break to the upside, and also managed to have a daily close above this upper line. This means only one thing: it wants to go higher, and therefore i'm waiting to see a small retracement and then, if conditions will be met, i'm buying this up hoping for a big rally out of the next weeks. Potentially we have a lot of space and there's chance to expolit the market in these situations. I'll keep you updated if i'll find a reason to entry. If you want to make questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
1