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AUDNZD Harmonic Overview And Technical Analysis
AUDNZD Harmonic Overview And Technical Analysis
Date: 06-29-2019
Daily Chart Overview is released prior to Asia Opening only.
To see the intraday overview/summary, please check H4 and H1 Overviews.
H4 Chart Overview is updated prior to London and New York Opening.
This is just a technical summary of the said pair/instrument on the mentioned chart timeframe.
Please note that the fundamentals and Economic Calendar Data Flow may have a strong impact.
Current Value: 1.04520
REMINDER: RBA Interest Rate Decision is scheduled to release on Tuesday, July 2nd. Market Expectations: 25 bp Rate Cut. Risk of High Volatility.
Technical Indicators Daily Chart
RSI(14) 35.153 Sell
STOCH(9,6) 30.538 Sell
STOCHRSI(14) 4.609 Oversold
MACD(12,26) -0.003 Sell
ADX(14) 36.392 Sell
Williams %R -87.382 Oversold
CCI(14) -167.5981 Sell
ATR(14) 0.0051 Less Volatility
Highs/Lows(14) -0.0037 Sell
Ultimate Oscillator 40.100 Sell
ROC -0.802 Sell
Bull/Bear Power(13) -0.0096 Sell
Buy: 0 Sell: 9 Neutral: 0
Summary: STRONGLY BEARISH
Indicators Summary: The trend is bearish. RSI has downside rooms. We may see a minor retracements intraday as some oscillators are oversold. Pullbacks are selling opportunities.
Moving Averages Daily Chart:
| Period | Simple | Exponential |
|---|---|---|
| MA5 | 1.0473 Sell |
1.0470 Sell |
| MA12 | 1.0497 Sell |
1.0490 Sell |
| MA20 | 1.0521 Sell |
1.0515 Sell |
| MA50 | 1.0557 Sell |
1.0532 Sell |
| MA100 | 1.0522 Sell |
1.0540 Sell |
| MA200 | 1.0530 Sell |
1.0572 Sell |
|
Summary: Price is below all main Moving Averages. Strongly Bearish |
||
The first Moving Average Resistance: 1.04800 – 1.04900 ( EMA50 H4, SMA100 D1)
The first Moving Average Support:
A pullback towards 1.04800 is selling opportunity.
Bollinger Bands Readings Daily Chart
Bollinger Bandwidth(20): 0.0153
Bollinger Bands %b(20:2): 16.8185
Summary: Price is testing the lower BB. A minor retracement is predicted.
Ichimoku Readings:
Senkou Span A: 1.05930
Senkou Span B: 1.05290
Tenkan-sen Kijun-sen: Bearish
Ichimoku Summary: The price is well below the cloud. Tenkan-Sen & Kijun-Sen are sliding below the cloud as well. 1.04940 can be used as a selling opportunity.
Support / Pivot / Resistance Daily Chart
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.0402 | 1.0422 | 1.0437 | 1.0458 | 1.0473 | 1.0494 | 1.0509 |
| Fibonacci | 1.0422 | 1.0436 | 1.0444 | 1.0458 | 1.0472 | 1.0480 | 1.0494 |
| Camarilla | 1.0442 | 1.0445 | 1.0449 | 1.0458 | 1.0455 | 1.0459 | 1.0462 |
| Woodie’s | 1.0398 | 1.0420 | 1.0433 | 1.0456 | 1.0469 | 1.0492 | 1.0505 |
Murrey Math Calculations ( Support / Pivot / Resistance ):
Upside Levels:
1.04670 MM 3/8 H4 1.04980 MM 4/8 D1 Resistance
Downside Levels:
1.04370 MM 2/8 H4 Support 1.04060 MM 1/8 Weak, Stall&Reverse 1.03760 MM 0/8 Major Support
Summary: Bearish Below 1.05590
Divergence ( Regular / Hidden)
RSI: Bullish Divergence H4
MACD: None
OSMA: Bullish Divergence H4
STOCHASTICS: Bullish Divergence H4
AWESOME: None
CCI: None
Candle Patterns ( Confirmed Only )
Engulfing Bullish H4 June 28 04:00
Breakout and Harmonic Patterns
Bullish Max Gartley H4 & D1 1.04390
Bullish Three Drives H4 & D1 1.04100
Bullish AB=CD H1 1.04030
Head & Shoulders H4: In Construction
Inverse Head & Shoulders H1: In construction
Technical Summary:
Divergences and Overbought Oscillators confirm and support the harmonic patterns as mentioned above. However, the strong bearish indicator readings recommend using potential pullbacks as selling opportunities. Stong support resides @ 1.03760. RBA Interest rate decision will determine the next direction of the pair.
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
AUDNZD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility
