Tag: AUDNZD Analysis

AUDNZD – Bearish market condition

As you can see in the chart below, the AUDNZD traded for about a day in a short term range around a LT resistance level, but earlier today it broke through the lower limit triggering a bearish condition, and you know that when the market is trading in a bearish market condition, only short opportunities are in play:

The next LT support level is at 1.2849

Trade Safe!

Raul Lopez
Forex Course

AUDNZD Analysis

AUDNZD – Trading near a LT level

The AUDNZD is trading around a LT support level, in a very well defined ST range. I’ll wait for a breakout before I start looking for a trade opportunity in the short term charts:

Once it breaks the short term range I’ll start looking for a trade opportunity in the direction of the breakout.

Trade Safe!

Raul Lopez
Forex Courses

AUDNZD Analysis

AUDNZD – Possible signal

The AUDNZD is trading at a place where it could trigger a long signal. It is trading in a bullish market condition just above an important ST support level:

If it reacts and gets rejected from the ST support level and we get something significant with upward pressure I’ll definitely go long.

Trade Safe!

Raul Lopez
Forex Training

AUDNZD Analysis

AUDNZD – Broke the bottom of the range

Today, most currency pairs traded in a very tight range because of the holiday in the US (Thanksgiving Day), there were very few opportunities.

But just about an hour ago, the AUDNZD broke through the ST support level triggering a bearish market condition. As long as it trades below 1.2871 I’m going to be looking for short opportunities:

The next LT support level in the AUDNZD is at 1.2714 (if I find a trade, I’ll set my TP order above this level).

Trade Safe!

Raul Lopez
Forex Training

AUDNZD Analysis

AUDNZD – Finally broke the range

The AUDNZD finally broke the range it traded in for about week or so. Might be a little late, because its Friday and the European market is about to close (on Fridays right after the European market close, the volume drops substantially). But a breakout is a breakout:

I’m going to keep an eye open in the AUDNZD next Monday, and see if I get a signal to short it.

Trade Safe!

Raul Lopez
Forex Training

AUDNZD Analysis

AUDNZD – Just broke LT and ST support

Earlier this morning the AUDNZD broke through an important ST and LT support level triggering a bearish market condition:

I’m looking for short opportunities. It is trading at a place where it could give us a signal to go short, I’m just looking for something significant with downward pressure.

Trade Safe!

Raul Lopez
Forex Training

AUDNZD Analysis