Tag: AUDNZD Analysis

Trading should be this simple

Yesterday I talked about a step by step formula to perform your daily forex technical analysis, and showed you some AUDNZD charts.

I concluded that the AUDNZD is trading in a bullish condition and we should be looking for long opportunities.

Once we have that information, everything becomes easier (and less stressful). Now the only thing you need to do is find a reason to go long.

Here are some good reasons:

AUDNZD Analysis

AUDNZD Analysis, entry signal

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Step by step formula to perform a world class Daily Forex Technical Analysis

I’m a firm believer that good analysis is always better than having good system. You can have both of them of course, but sometimes we forget about how important our own analysis is.

First, you need to decide what currency pairs to trade and what direction to trade them.

To get this information, you need to turn to the long term charts, such as 4 hour charts, daily or even the weekly charts.

Here is a good example:

AUDNZD Analysis

AUDNZD Analysis, Technical Analysis

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Pending short order on the AUDNZD

There aren’t many opportunities today (from my point of view), that’s the reason I wanted to ask you: On what currency pairs are you focusing today?

One of the few currency pairs is the AUDNZD. On the long term charts I see a clear bearish condition. Do you agree?

On the short term charts, I got a short signal earlier today, it’s not open yet, but I will be in the following hours:

My stop entry order is at 1.2626, my SL is at 1.2671. I plan to take partial profits around the bottom of the short term range: 1.2535 and I have an open target for the remaining part.

Sounds like a good plan? What do you think?

Trade Safe!

Raul Lopez
Forex Coaching

AUDNZD Analysis, forex

Have you seen the AUDNZD lately?

Every day I like to write about what I think are the best trading opportunities out there.

Sometimes the market moves in the intended direction, and sometimes it doesn’t. Let me tell you what really matters though: I have a trading plan for each currency pair/each day.

I know which currency pairs I’m going to be monitoring and trading, and which ones I will forget about (for the day at least).

And of course, I like to trade the ones that have the clearest market conditions. Today, the AUDNZD is one of those.

It is trading in a very clear bearish condition and I´ll be looking for short opportunities:

I’d like to see a small retracement and bearish pressure around the ST resistance level at 1.2619. We’ll see if we get it.

Do you trade the AUDNZD?

Trade safe!

Raul Lopez
Forex Coaching

AUDNZD Analysis, forex

AUDNZD – Waiting for a breakout of the ST range

The AUDNZD has been trading in a short term range since the 18th of July, I’ll wait for it to break the short term range before looking for any trade opportunities:

My trading plan is:

If it breaks the top of the range it will trigger a bullish condition, only longs will be in play.

If it breaks the bottom of the range it will trigger a bearish condition, only shorts will be in play.

Trade Safe!

Raul Lopez
Forex Training

AUDNZD Analysis

AUDNZD – Trading in a bearish condition, nexto support: 1.2399

Well, as you already know I like to trade what has a clear market condition, and today I think the AUDNZD has one of the clearest market conditions. It was trading in a short term range around an important LT level (blue level), but earlier this morning it broke through the bottom of the short term range triggering a bearish condition:

Today, I’ll be looking for short opportunities in the AUDNZD (as long as it keeps trading below 1.2533). The next LT support level is at 1.2399

Trade Safe!

Raul Lopez
Forex Course

AUDNZD Analysis

AUDNZD – Long opportunities in play

The AUDNZD is trading in a very clear bullish market condition, only long opportunities will be in play:

The next LT resistance level is at 1.3765

You need to be careful though, the Non-farm payrolls report is scheduled to be announced tomorrow, and you never know what could happen during this announcement, who knows, the sentiment of the market could change…

Trade Safe!

Raul Lopez
Forex Training

AUDNZD Analysis