The Aussie New Zealand Dollar.

Good evening Dynamic Traders,

Tuesdays post of the CHF started off well today but when the important news came out, it soon took away any gains gathered in the moring, giving a large gravestone doji (at the time of writing), to consider, but bear in mind the strong support below.

Tonights chart is of the AUDNZD, and is throwing up a mixed bag of confluences but I am going to note a few that you should be aware of.

Price is currently standing in a former SR zone, together with a breather level and RN, after its breakout early March.

However contradicting this is the MACD indicator which could mean possible further weakness to the next breather before a continuation of the trend, if indeed a continuation was to occur.

As trend trading is our goal, this is the option I am going to wait for, but should confluences change so too would the analysis.

As always please ensure to do your own analysis before taking any trades.

Good luck to you all.

Clayton Farnworth.

Down Under smaller timeframe.

Good morning Dynamic Traders,

Due to the price action overnight, I am keeping an eye on the AUDNZD on the four hour timeframe.

At present it is being halted by the V.I. on this timescale and the lowest point was at a weaker figure area.
Because of this and other confluences which you should find including the low RSI as shown, I am putting this on my watchlist for a further move down in time, but am expecting a bounce up/retracement first.

I am not trading this at present but shall await further outcomes to see if I want to trade this northward on my lower timeframes with good management before taking a shorting stance later should this scenario arise.
The shorter term long, is riskier but could prove fruitful if managed well for lesser profits but for the more conservative trader wait to see if your confluences grow for the short trade later.

Charts courtesy of TradeStation.

Enjoy your trading.

Clayton Farnworth.

Still Down Under

Good evening Forex Traders,

Tonights chart is one for you to keep a close eye on with the AUDNZD.

At present, it has tagged the 123786 on the daily timeframe,and is at former resistance with an OB Stochastic, although in AdvancedGet it has a false bar on the Get Stochastic, indicating further upside.

On the 4 hour chart below at the time of writing we can see that the previous candle is a doji and has hit a significant figure.

The RSI is diverging and is pulling back from OB territory.

Please as always do your own analysis, wait for your quota of confluences which are acruing as I write, and plan your entry. If you do enter any trade, manage it well .

Charts courtesy of TradeStation.

Good luck with all your analysis and trading,

Clayton Farnworth.

TESTER

Good evening Forex traders ,

Firstly may I congratulate Hina on a job very well done on the fantastic competition win, you did brilliantly , well done.

Tonight I am going to deviate a little and put up some analysis on another way I trade for continuations.

The chart for tonight is the AUDNZD but please be aware it is on the smaller time frame of one hour, not only will this keep my SL small for this tester, but hopefully will give me quicker profits too!

At present it is displaying a possible bullish flag and has almost tagged a breather level. The RSI indicator is declining but still above 50, and this candle is only about ten minutes from closing and looks to be forming a possible spinning top.

With it being on a smaller timeframe I shall monitor this very closely.

As always please do your own analysis for any trade.

Charts courtesy of TradeStation.

Good luck with your trading.

Clayton Farnworth.

Getting ready for the New Year

Good afternoon Dynamic Traders ,

I hope you are all resting and enjoying your well earned break. My holiday period is over now as of this weekend but am very eager to start my trading again.

To ease us back into our analysis , I thought I would give you the AUDNZD chart to look at , as it has just closed below it's value index and RSI is heading south, however please be aware of the close proximity to the RN , therefore a well positioned ESLT should keep you out of any false entry. It does have other reasons for looking at this , and one is for you webinar attendees , that is DD .

As always please do your own analysis before entering trades .

Happy and prosperous trading,

Clayton Farnworth.

Down Under

Good evening Dynamic Traders,

Sorry for not posting last evening but I got held up in traffic at Birmingham after spending the day with Javid live trading .

Hope you all made some profit from Sundays post (albeit small) and if you are still in the trade are managing it in accordance with your rules from Javid in your trading plans.

Another favourite currency pair of mine ( but lets face it, I love trading that much, they are all favourites of mine! ) , is the AUDNZD. Right now , it stands at a support/resistance zone , together with a fib. cluster, and a 200 M.A. From the chart below you can also see that it is also at an elipse and with O/B Get Stochastic with no false bar, and note the figure and possible candle formation at time of writing this (although the day has not finished ). Please be aware of news early tomorrow morning.

As always , please do your own analysis before entering a trade and wait for your set ups to confirm.

Hoping you have a profitable trading week.

Clayton Farnworth.