AUDNZD ForecastClosed TradesCurrencies PremiumForecast And Technical Analysis PremiumForecastsFX MINORS Trade Ideas PremiumIntraday Forex SignalsMidterm Forex Signals And SetupPremiumTrade SetupsTrendline Breakout

AUDNZD Testing the 3 years’ trendline support Update: TP1 Reached

AUDNZD Testing the 3 years’s trendline support

Technical Overview and Trade Idea

AUDNZD is trading 1.06260 as of writing. AUD employement data will be released early in the morning. The price is testing the asecding trendline of 3 years. A clear buying opportunity as follows:

Trade: Long

Entry: 1.05960

Stop: 1.05500

Target 1: 1.07100 / TP 1 Reached

Target 2: 1.07800

You can view the setup: AUDNZD Trendline Support

Update: Nov 16th

The first target reached. On the H1 Chart, price moved above SMA 100 and tested MM 6/8. It is in the correction process of latest 100 pips . We have 2 fresh long entry levels. the first one is 1.06810 MM 4/8 and EMA 5 of daily chart. If the price breaks below, 1.06630 MM  3/ can be used as a long entry.

 

You Can Check Our Results at Verified Accounts

Subscribe to our services free of charge

 SUBSCRIBE FREE

Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.

Chaetreaderpro.com
Forex Signals

JOIN OUR TRADING FLOOR

 

 

If you find our content useful, you can donate via PayPal.

Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

You can contact us via Skype User Name: Chartreaderpro

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

AUDNZD Trendline Support: 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.

Tags
Show More

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Close

Adblock Detected

Please consider supporting us by disabling your ad blocker