FxWirePro

AUD/NZD Chartpack - Technicals & Trade Setup

FX_IDC:AUDNZD   澳幣 / 紐元
AUD/NZD Dojis and spinning top hamper momentum but major trend attempts to break channel resistance – Deploy tunnel spreads and long hedge:

Spinning top and gravestone dojis have occurred at peaks of 1.0937 and 1.0939 levels.

AUDNZD             rallies seem to have been exhausted today as these bearish pattern candles may hamper momentum in rallies but bullish sentiments still remain intact as the current prices well above 21DMA.

Any time bulls may resume and take on rallies to prolong. The price spikes are in conformity to the massive volumes formation.

While on a broader perspective, the major trend has been downtrend, downswings slide through sloping channel. But for now, goes in the consolidation phase and bulls have managed to break out the channel resistance. The sustenance above is closely watched for next northward targets.

The current prices, on this timeframe, have been well above EMAs. Both leading as well as lagging oscillators are in bulls favor.

Both RSI and stochastic curves have been constantly converging upwards to the price spikes. While MACD , on the other hand, indicates this uptrend likely to prolong.

Hence, don’t seek dramatic slumps in near term although bears are hovering for minor price dips, we foresee the strength to persist.

Trade tips:

Contemplating above technical rationale, we advocate tunnel spreads on speculative grounds with upper strikes at 1.0944 and lower strikes at 1.0919 levels.

Alternatively, one can add longs in futures contracts of mid-month tenors that likely to arrest further potential upside risks, but maintain a strict stop loss at 1.0850 levels.
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
首頁 股票篩選器 外匯信號搜索器 加密貨幣信號搜索器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的事件處理號碼 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出