the chart is showing that the pair has succeeded in closing it's daily candle above level 1.2500 , and that's mean the up trend is still standing and the pair might head to 1.2550 and then 1.2575
Thread: Aud/Nzd
the chart is showing that the pair has succeeded in closing it's daily candle above level 1.2500 , and that's mean the up trend is still standing and the pair might head to 1.2550 and then 1.2575
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Abubakar 148 (2020-04-11), Joo (2020-03-21)
Once the new high is confirmed, a breakout above it will be the next bullish price swing officially reversing the downtrend in the AUD/NZD.
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Joo (2020-03-21)
the pair and as we can see from the chart is trading under level 1.2500 , so , that's mean the down trend is still standing and the pair might head to 1.2470 and then 1.2440 how ever the pair made any hourly correction
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Abubakar 148 (2020-04-06), Joo (2020-03-21)
If a M15 close above 1.2600 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.2550 sell only and do not buy. If price closes back above it again do nothing
The range 1.2600 and 1.2550 is neutral area, any trade done in between is personal decision and not part of this analysis
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Bears attempting to resume trend lower. Below 1.2390 confirms downside for initial 1.2305 re-test. Bulls need to reclaim the 24 Aug high to stabilise and refocus on 1.2735 ahead of 1.2770/95.
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the chart is showing that the pair has succeeded in closing it's daily candle above level 1.2500 , and that's mean the up trend is still standing and the pair might head to 1.2550 and then 1.2580
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Joo (2020-03-21)
Falling 50-Day MA continues to cap price action as weight returns to bears. Below 1.2520/1.2495 re-opens the downside, risking to 1.2390 next followed by 1.2300. Bulls need to clear1.2670 to stabilise.
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Abubakar 148 (2020-08-22), Joo (2020-03-21)
the pair is trading now above the level of 1.2700 and that's mean the uptrend is still standing and the pair might continue in it's upmovements heading to 1.2730 and then 1.2760
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Abubakar 148 (2020-04-07), Joo (2020-03-21)
Convergence of the 161.8% extension, the 100-day moving average, and interim trendline support should see topside moves on the pair well capped.
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Joo (2020-03-21)
For those following this pair along with me, I’ve just re-established my full long position at 1.2535 and I have a stop on the entire strategy at break-even, which is 1.2447. I very seldom make any money trading the NZD so I guess I should prepare to be stopped out
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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