This is an analysis of NZDUSD. we will be waiting and monitoring the price to either reach the daily support line (in red) or continue long to reach the trendline that is acting as a resistance line! Also, I will be looking for MA crossover for scalping. On the other hand, if the price broke the daily support line and retest it, I will be looking for a swing short on this pair.
Please note that this not a signal. Instead, it is my own analysis of a forex pair. Think twice before taking a trade.
Risk Disclaimer: Even though local, international stocks, FX, or CFD trading can be profitable, it is, associated with a high risk of losing your investment. The risk will increase when trading on margin carriers. Clients must impose due diligence and be careful when taking their trading decisions. It is the sole responsibility of the client to learn and gain the knowledge and experience required to use the trading platform and whatever would be needed to trade properly.
Please note that this not a signal. Instead, it is my own analysis of a forex pair. Think twice before taking a trade.
Risk Disclaimer: Even though local, international stocks, FX, or CFD trading can be profitable, it is, associated with a high risk of losing your investment. The risk will increase when trading on margin carriers. Clients must impose due diligence and be careful when taking their trading decisions. It is the sole responsibility of the client to learn and gain the knowledge and experience required to use the trading platform and whatever would be needed to trade properly.