AUD/NZD Long Term Forecast: 14th March to 28th March 2018

AUD/NZD Long Term Forecast: 14th March to 28th March 2018

Share This!

It is a down trend based on AUD/NZD Long term forecast in daily time frame. With the help of my technical market analysis, I would like to make it easy for new Forex traders to easily identify and see a down trend in AUD/NZD daily chart.

So, instead of doing my Elliott wave analysis, today I am going to show you how a simple technical market analysis could show you a bird’s eye view about any Forex currency pair and in any time frame. However; I must mention that higher time frames work much better to forecast and analyze the Forex currency pair charts. They are more powerful and important as well when it comes to define the support and resistance levels on a price chart.

AUD/NZD Long term forecast
AUD/NZD Long term forecast

Above is the AUD/NZD Long term forecast based on daily time frame which shows us a down trend. Now we can see it is just a plain daily chart without any technical indicator or technical study applied on it. So, it is a bit un-clear to judge which way price is going to move next and when it is going to change the trend?

So, I have now drawn in some trend lines on same price chart of AUD/NZD currency pair and below is the result.

AUD/NZD Forecast today

A trader could easily notice that trend is bearish based on declining blue colour trend lines. So, based on AUD/NZD Long term forecast in daily chart it looks like a down trend and market is probably going to drop down more as indicated by declining blue color trend lines.

👉 Want to make money automatically with Bitcoin and Cryptocurrencies without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! ETBOT is for you! With the ETBOT software, only YOU are in control of your investment funds. The software works using API Key connections that only YOU set up and control. The ETBOT service and mother company EndoTech has been making investors hundreds of percent a year in proven gains since 2012! They use the volatility of the Crypto market to trade long and short using breakout techniques and strategies powered by real Artificial Intelligence. This year so far ETBOT has made over 75% for clients since January 1st, 2020. If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to ETBOT now and buy your subscription to get started. PS: ETBOT is a Profitable Forex/Crypto Trading Bot. 100% Verified and Recommended by


If you are a trader who prefer to use robots and EAs to automate your trades and make them very profitable for you or require very good forex/stock training resources, please check this page.

Now, let us make the same chart a little bit more clear by adding resistance levels. Before I move forward I must first tell you my definition of a resistance level.

“A resistance is a price level on a chart which attracts Sellers”

This means, people are more interested to sell aggressively at a resistance area than any other price level on a price chart and thus market falls down. Now, look at the following same daily chart of AUD/NZD currency pair with resistance levels, added.

AUD/NZD Forecast today

Based on AUD/NZD Long term forecast in daily time frame, you could see lower swing highs and lower swing lows. I have drawn in blue color horizontal trend lines to define the resistance areas on a price chart. Now, it looks quite clear that the trend is bearish in AUD/NZD currency pair in daily chart as the resistance price levels, keep moving down along with price action.

We can even go one step further by writing down an exact resistance price level on a price chart as shown inside the following same daily chart of AUD/NZD currency pair.

AUD/NZD Forecast today

Now, we have successfully defined a resistance area and the value is 1.0889. So, we can now assume with high probability that trend is bearish in AUD/NZD daily chart and we have an important resistance level present at 1.0889 price level.

This means, it is a good idea to look for a possible sell trading opportunity at or around 1.0742 price level. I must mention that it is a down trend going on in daily chart of AUD/NZD. So, as long as price stays below 1.0889 resistance level in AUD/NZD daily time frame, you should not be looking for a buy trading chance as it would be against the existing bearish market trend. My whole trading idea is to first define the market trend. Next, look for trading opportunities that goes in the favour of market trend.

Now, when an existing bearish trend in AUD/NZD is going to fail?

Well, the forecast is good for about next two weeks time and if price of AUD/NZD currency pair breaks above the 1.0889 resistance level then current bearish trend could end. At that point and time, we may need to re-analyze the daily chart price action of AUD/NZD currency pair.
I hope above explanation of technical analysis is clear so far. So, let me move forward and show you same chart with technical indicators and what the indicators are currently suggesting about the future price direction of AUD/NZD currency pair.

AUD/NZD Long term forecast with MACD

Below is the same AUD/NZD daily chart with MACD, using standard settings of 12, 26 and 9.

AUD/NZD Forecast today with MACD

Let me first explain about convergence, before I explain what is going on in above daily chart of AUD/NZD with standard MACD settings.

In simple words, “Convergence” means that price moves in one direction and technical indicator moves in the same direction. Out of many, one benefit of using MACD is to find out if there is a convergence present on a price chart or not? So, with the help of MACD convergence we can easily identify a possible trend confirmation in an existing bullish trend or bearish trend before we actually participate in the market, with a high probability.

So, AUD/NZD daily chart MACD is currently bearish and below its zero level which supports the bearish AUD/NZD Long term forecast. Now, we could also notice bearish convergence between MACD and bearish AUD/NZD daily chart price action. It is very clear that price of AUD/NZD daily chart is moving down, printing lower swing highs and lower swing lows. And MACD is also moving down in same price direction as indicated by the blue color trend lines on MACD and price chart.

So, a MACD bearish convergence suggests that AUD/NZD is going to continue moving down in coming trading days. I must also mention that some times, convergence with MACD also fails like any other indicator or market trading approach.



AUD/NZD Long term forecast suggests a down trend for next two weeks time and traders could look for a possible sell trading chance at or around 1.0741 price level. Bearish convergence is present with MACD in daily time frame which suggests that we could see further bearish price action in AUD/NZD daily chart in coming trading days. If price rise and closes a bullish candlestick above 1.0889 resistance level then down trend is going to end. In such a market scenario, it would be best not to trade the market and re-create AUD/NZD Long term forecast in daily time frame. We recommend trading with these top-rated brokers when using our signals/analyses/forecasts as they handle your trades quicker and more efficiently with very low spreads and most of them have high trade execution rate.

If You'd Like to Get Notified When This Site is Updated, Subscribe Below...

Leave a Reply

Your email address will not be published. Required fields are marked *

IQ Mining

Binary Option Scams, Warnings, Reviews & Updates...


Popular Articles

Follow Us will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More

Show Buttons
Hide Buttons