Community
Blog
Jignesh's Blog

Jignesh's Blog

Avatar

AUDNZD Opening Range Trade Idea

Jignesh Posted 7 June  in #Trader's blog #Audnzd #News Trading #Range Trading #Range Box
The AUDNZD price action from last friday shows that it is within a range. The strong US Jobs number caused increased volatility, but no break out either way.
Currently it has left the pair in a range. To the upside, Daily resistance comes into play at 1.0837. To the downside, 15min support zone shows in 1.0788-1.08 area. There is nice confluence at the 1.0788 area offering a buying scalp to resistance at 1.0837
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

AUDNZD Returns the Daily Trendline

Jignesh Posted 3 June  in #Trader's blog #Trendline #Audnzd
The AUDNZD has had a trendline in play since Jan 2014 that has had a significant impact on price on every touch. Once again, the pair is pushing up against this trendline and did not manage to clear in todays session.
A push lower from here can likely send the pair down to the yearly support level which comes in at 1.0525
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

AUDNZD Daily Trendline in play once again

Jignesh Posted 17 May  in #Trader's blog #Trendline #Audnzd
The AUDNZD has been quite strong for the month. Fundamentals are playing a great role with the RBNZ having recently released a statement that strongly suggests a rate cut in the near future, while the RBA statement did not sound like any further cuts were upcoming after having just cut rates at the last rate decision.
The AUDNZD has ralied since late April, and is up nearly 400 pips in a move that saw a minimum amount of retracements.
In the past week, we've seen the pair restest a Daily Trendli…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

AUDNZD to pullback after 3 waves up

Jignesh Posted 31 Aug. as Analysis on AUD/NZD, Target: 1.0840, Date: 1st of October, 12:00 GMT  in #Technical analysis #AUD/NZD #Audnzd #Wave Count #Fibonacci Retracement #3 Wave Corrective
The AUDNZD shows a 3 wave corrective structure to the upside
AUDNZD - Daily Wave count

  • The current area marks a Fibonacci confluence that is an ideal place for the C wave to end.

  • The pair can be correcting this recent move to the upside in the Month of September.

Using Fibonacci Retracements & Support levels, we predict a target as indicated by the chart below.
As per the weekly chart above, we see that the area that marks 50% of the retracement (1.0840) of the move to the upside shows previ…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

3 Comments
Jignesh avatar
Jignesh 3 Sep.

The pair is sitting right up against the 1.1185 resistance at the moment.  But has not managed to breach it as of yet.  This area will  need to hold for the downside to get started

Jignesh avatar
Jignesh 22 Sep.

After making a marginal high above the area predicted, the pair has been pulling back and has already traded past some key support levels.  The pair is currently sitting at 1.0931, which has heavy support as the 100 Daily MA resides there, a 61.8 Fib extension of the first leg down as well as previous support as noted in the daily chart.  This area can trigger a larger pull back in which case the targets may not be met as we close in on the end of the month.

Jignesh avatar
Jignesh 25 Sep.

The support level mentioned in the previous comment did hold.  And then the RBA Gov Stevens pushed the AUD even higher.  Currently at 1.1040 facing resistance.  I do expect another leg of weakness in the pair.  If this area holds, there is still a possibility of reaching targets

orto leave comments
Avatar

Trade setups - AUDJPY, USDSEK

Jignesh Posted 9 May  in #Trader's blog #Audjpy #Audnzd #Usdsek

I've been looking at the AUDJPY & USDSEK for some possible entries all week. Seems like the last 24 hours was very volatile and is offering many decent setups. I like these ones because there is already a clear trend.
The first setup is the AUDJPY, where I'm looking to buy the pullback. As per the 15min charts below, there are two different wave counts that I'm looking at. The second chart is the alternate count which is in play as the first count has already been invalidated. I put my ent…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

3 Comments
alcatraz avatar
alcatraz 9 May

Thanks for your comment. I think also your good in depth analysis is working out nicely.

Jignesh avatar
Jignesh 9 May

Thanks alcatraz .. Holding the levels so far!

khalidamassi avatar
khalidamassi 9 May

Wonderful analysis, go ahead

orto leave comments