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AUD/NZD in Range on Multiple Timeframes

fxsurprise8 Przesłano 28 Luty jako Analiza AUD/NZD, Cel: 1.0653, Data: 3 z Kwiecień, 12:00 GMT  w #Technical analysis #AUD #Volatility #AUD/NZD #Aussie #Kiwi #Australian Dollar #New Zealand Dollar #Range Box #Congestion
The AUD/NZD has been trading in a tight 550 pips range since July of 2016. On our first chart below we can see that the high of this range is around 1.0770 while the low is at 1.0220.
Zooming out a bit we're seeing another range, inside which the range above can be placed. In fact the AUD/NZD has been congested since the start of 2014. A situation of two years lack of trends is not an easy thing to overcome. Thus I'm placing my forecast at 1.0653, close to the current price.
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fxsurprise8 27 Mar

UPDATE 1: While the AUD/NZD didn't trade range-bound so far this month, there hasn't been much movement either. We're now quoted at 1.0808, only 155 pips from my forecasted price.

This is a distance that can be overcome in 2-3 days of trading so there is still a chance here! While prices definitively broke the first resistance at 1.0770, they're having trouble breaking above the second important level.

Overall mixed results so far but hoping that mean reversion will kick in soon. That has been the modus operandi for this pair for the past several years.

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Aussie Ready for a Breakout

fxsurprise8 Przesłano 28 Luty jako Analiza AUD/USD, Cel: 0.7990, Data: 3 z Kwiecień, 12:00 GMT  w #Technical analysis #AUD #USD #Resistance #AUD/USD #Aussie #Breakout #Bullish #Us Dolar
The Aussie looks ready for a breakout. Look at our first chart below. The AUD/USD has been pushing against the resistance area around 0.7700-0.7800 for the past 12 months. We've now quoted at 0.7671 and we are again approaching this area. With each subsequent test the odds increase that the resistance will eventually be broken.
Where do we target in case of a breakout? The monthly ATR for this currency pair is now at 388 pips, as can be seen below. But this is high to low range. The open to clos…
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Aussie Going Back to 0.7500

fxsurprise8 Przesłano 31 Gru jako Analiza AUD/USD, Cel: 0.7489, Data: 1 z Luty, 12:00 GMT  w #Technical analysis #AUD #USD #AUD/USD #Aussie #Us Dollar #Bullish Bias #Oversold #Stochastic #Average True Range
The Aussie is nearing oversold levels. On the daily chart below we can see that the pair dipped below the 20 level in the Stoch (8,3,3) and is now moving higher. This confirms a bullish signal for this pair.
A similar situation can be seen on the hourly chart below, although here the bullish scenario has been underway for several bars now. Notice how the pair rallied shortly after the dip below 20 and the move back above it.
Now let’s talk about the target. We’re currently quoted at 0.7222. Wi…
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Elens94 1 Sty

great!

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Multi-Decade Range in AUD/CAD to Continue

fxsurprise8 Przesłano 31 Gru jako Analiza AUD/CAD, Cel: 0.9686, Data: 1 z Luty, 12:00 GMT  w #Technical analysis #AUD #CAD #AUD/CAD #Aussie #Range #Loonie #Range Bound #Range Box #Congestion
In trading you learn early that history matters. Both the Aussie and the Loonie are commodity currencies. Commodities tend to rally or fall together in giant super-cycles. So more often then not, if the AUD is under pressure so will be the CAD, leading to ranges between the two. The first chart below demonstrates this clearly.
On the second chart we see that the post-US election rally has completely reversed with the pair surrendering almost of gains.
Because all of the above I think that the AU…
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AUD/NZD Still Deep in Range Mode

fxsurprise8 Przesłano 31 Gru jako Analiza AUD/NZD, Cel: 1.0397, Data: 1 z Luty, 12:00 GMT  w #Technical analysis #AUD #NZD #Volatility #AUD/NZD #Aussie #Kiwi #Australian Dollar #Range Box #Congestion
The AUD/NZD is naturally a mean reverting pair due to the closely linked economies of Australia and New Zealand. But this has been the case even more in the past few years as the pair has repeatedly failed to trend. On the weekly chart below we see that any attempt to get something going was shut down, with rallies being sold into and sell-off being bought.
Take a look at the hourly chart below. The pair opened December at 1.0437 and is currently trading at 1.0386, not even 50 pips lower. This s…
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fxsurprise8 avatar
fxsurprise8 31 Sty

The range-bound behavior in this pair continues! We opened January at 1.0375 and we're currently quoted at 1.0393, not even 20 pips higher.

The highest high during this month has been at 1.0570 while the lowest low was at 1.0324. A total monthly range of only 246 pups or just above 2 percent.

This is a very small amount for a pair comprised of two major currencies. Hopefully this trend continues into the end of the contest. We now have the long-term charts, the daily charts and the hourly charts all pointing flat.

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fxsurprise8 1 Luty

On the last day of the contest the AUD/NZD inched away from my forecast. Prices rallied to a high of 1.0433 at one point, but likely we got a pullback as we got closer to the 12:00 mark.

In the end the pair 'closed' the contest period at 1.04143, only 17.3 pips away from my forecasted price. In percentage terms this is 0.1375%.

The short version is the AUD/NZD behaved exactly as expected, continuing in the vein of range-bound trading that has been its mark for years. In my last update I will do a more detailed review of this month's trading, along with a chart to back up my analysis.

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fxsurprise8 2 Luty

Time for a final update. The two lines in picture above show the yearly open at 1.0375 and the contest period 'close' at 1.04143. The range during January is marked with a rectangle on chart.

The two obvious conclusions are one, the pair continued to range this month. You can't see a difference in the price action during January compared to the prior months.

The second conclusion is that prices didn't move much. The price difference between January 1st and the contest end on February 1st was only 39 pips, not even half a percent. Overall everything went according to the plan outlined above.

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Sveetlana 2 Luty

very interesting article! good gob!)

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More of the Same in the AUD/NZD

fxsurprise8 Przesłano 31 Paź jako Analiza AUD/NZD, Cel: 1.0636, Data: 1 z Grudzień, 12:00 GMT  w #Technical analysis #Australia #Volatility #AUD/NZD #Aussie #Kiwi #Australian Dollar #New Zealand #Range Bound #New Zealand Dollar
I'm expecting more of the same for the AUD/NZD and here's why. First on the long-term charts we can see that this pair has been range-bound for the past 2 years. Although volatility has been high at times with prices hitting a high of 1.1676 last August and a low of 1.0019, no major changes happened in price.
This volatile but untimely range-bound movement can be seen in the second half of this year as well. See the chart below. During October the monthly range has been very small as well at onl…
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fxsurprise8 28 Lis

It's been a trending month for most currency pairs but not so much for the AUD/NZD. Here we saw prices initially fall down over 300 pips, only to rally over 300 pips, then fall by over 200 pips.

So far in November we saw a total range of 340 pips, with a high of 1.0703 and a low at 1.0363.  This may seem like a lot but we are currently quoted at 1.0570, only 61 pips down since November 1st.

Compared to my forecast above we're down by 66 pips or around 0.62%. I will need some bullish movement into month-end to climb higher in the rankings.

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AUD/CAD Little Changed in Decades

fxsurprise8 Przesłano 30 Wrz jako Analiza AUD/CAD, Cel: 1.0048, Data: 1 z Listopad, 12:00 GMT  w #Technical analysis #AUD #CAD #AUD/CAD #Aussie #Australian Dollar #Canadian Dollar #Loonie #Range Bound #Range Box
The AUD/CAD is trading little changed in decades, as you can see on our first chart below. There is a fundamental reason for this, both the Aussie and the Loonie are commodity currencies. Commodities tend to rally or fall together in giant super-cycles. So more often then not, if the AUD is under pressure so will be the CAD, leading to no major price move against each other.
But let's drill down a bit. On our next chart below we can see what has been happening inside that small rectangle marked …
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Aussie Knocking on Crucial Resistance Area

fxsurprise8 Przesłano 30 Wrz jako Analiza AUD/USD, Cel: 0.7984, Data: 1 z Listopad, 12:00 GMT  w #Technical analysis #AUD #USD #Resistance #Trendline #AUD/USD #Aussie #Breakout #Trends #Us Dollar
The Aussie is knocking on a crucial 80 pips-wide resistance area. Look at our chart below. We’ve been testing this general area between 0.7677 and 0.7757 for the past several months. Each time the bulls got repelled at a different price inside this resistance cluster. But with each test, the odds increase that we will see a bullish breakout.
On our second chart below we can see that the AUD/USD has finally broke the downward sloping trendline. This is an important development and could give the…
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No Clear Trends Seen in AUD/NZD

fxsurprise8 Przesłano 30 Wrz jako Analiza AUD/NZD, Cel: 1.052, Data: 1 z Listopad, 12:00 GMT  w #Technical analysis #Australia #Volatility #AUD/NZD #Aussie #Kiwi #Australian Dollar #New Zealand #Range #New Zealand Dollar
No clear trend can be seen in the AUD/NZD. Volatility has been high at times with prices hitting a high of 1.1676 last August and a low of 1.0019 in April 2015. But no major changes happened in price as we saw the pair snap back from the extremes.
The two economies of Australia and New Zealand are closely linked thus range-bound movement seems to the norm for this pair. The short-term daily chart below confirm this view. We've made no progress in this pair since June of this year. Furthermore th…
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fxsurprise8 31 Paź

The AUD/NZD is now quoted at 1.0640, about 120 pips above my forecasted price. The monthly range has been fairly small as well at only 260 pips, with a high at 1.0764 and a low at 1.0504.

Furthermore we still remain deep inside the now five-month range that started back in June, with a high at 1.0771 and the five-month low at 1.0236.

The three arguments above confirm my original analysis from above that there are no clear trends in this pair. I will need a helping hand from the market to move prices a bit closer to my target though.

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AUD/NZD to Reverse at Support

fxsurprise8 Przesłano 31 Sie jako Analiza AUD/NZD, Cel: 1.0741, Data: 3 z Październik, 12:00 GMT  w #Technical analysis #AUD #NZD #Support #AUD/NZD #Aussie #Kiwi #Reversal Pattern #Australian Dollar #New Zealand Dollar
The AUD/NZD is nearing important support, this year's low for the pair at 1.0309. We're now quoted at 1.0379 after trading as low as 1.0349 just few hours earlier.
The second reason why I'm betting on a reversal rally here is ho oversold the AUD/NZD is right now. Note the Stochastic on the 4 Hour chart is below 20, signalling oversold territory. My target is 1.0741, right below this summer's highs in this pair. I think a 400 pips rally is about the max the AUD/NZD can do in one month.
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rashadali 9 Wrz

good job )

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