Category: AUDNZD

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AUDNZD Weekly Forex Forecast 10th December to 16th December by yshashmi37 on TradingView.com

Midterm forecast:

1.0700 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 1.0700 is broken.
Technical analysis:

The ascending flag taking shape suggests we will soon see another leg higher.
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 22.

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AUDNZD Weekly Forex Forecast 1st December to 7th December by yshashmi37 on TradingView.com

Midterm forecast:

1.0850 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 1.0850 is broken.
Technical analysis:

The ascending flag taking shape suggests we will soon see another leg higher.
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 35.

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AUDNZD Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com

Midterm forecast:

1.0850 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 1.0850 is broken.
Technical analysis:

The ascending flag taking shape suggests we will soon see another leg higher.
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 37.

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AUDNZD Weekly Forex Forecast 12th November to 18th November by yshashmi37 on TradingView.com

Midterm forecast:

1.0880 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
Technical analysis:

The ascending flag taking shape suggests we will soon see another leg higher.
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 31.

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AUDNZD Weekly Forex Forecast 3rd November to 9th November by yshashmi37 on TradingView.com

Midterm forecast:

1.1140 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
Technical analysis:

The ascending flag taking shape suggests we will soon see another leg higher.
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 42

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AUDNZD Weekly Forex Forecast 20th October to 26th October by yshashmi37 on TradingView.com

Midterm forecast:

1.1140 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
Technical analysis:

The ascending flag taking shape suggests we will soon see another leg higher.
While the RSI resistance #1 at 58 is not broken, the probability of price increase would be too low.
The RSI uptrend #2 is broken, so the probability of continuation of downtrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 34.

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AUDNZD Weekly Forex Forecast 6th October to 12th October by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.1140 would begin in Midterm.
Technical analysis:

The ascending flag taking shape suggests we will soon see another leg higher.
While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 55.

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AUDNZD Weekly Forex Forecast 1st October to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.1140 would begin in Midterm.
Technical analysis:

The ascending flag taking shape suggests we will soon see another leg higher.
While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 47.

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AUDNZD Weekly Forex Forecast 23rd September To 28th September by yshashmi37 on TradingView.com

Midterm forecast: 

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.1140 would begin in Midterm. 
Technical analysis: 

The ascending flag taking shape suggests we will soon see another leg higher. 
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. 
Relative strength index ( RSI ) is 47.