ForecastCity
Short

Don't miss the great sell opportunity in NZDUSD

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.657). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40 .

Take Profits:
TP1= @ 0.6500
TP2= @ 0.6470
TP3= @ 0.6440

SL: Break Above R2

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Comments

Very educative!
+2 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thanks. we hope you enjoy it.
+2 Reply
Thanks, I will focus on this one too.
+1 Reply
ForecastCity Mehmetozdemi
@Mehmetozdemi, Thanks for your comment! 👍
+1 Reply
Well done Fantastic graph and comments. I've put in my trade Hope to hear again from you Thanks
+1 Reply
ForecastCity Shiva_forex
@Shiva_forex, You're welcome!👍 we hope you enjoy it. 💎🙏💎
+1 Reply
I like it. Thanks. Your trading strategy is a five-star strategy 🌟🌟🌟🌟🌟
+1 Reply
@fxniki, You're welcome!👍 we're glad you like it. 💎🙏💎
+1 Reply
Hey! I love following your analysis it's a good pointer but I can't help but see and inverted head and shoulder pattern plus on the 4 hour time frame a bullish Engulfing formed. Let me know 😊 love your analysis as always
Reply
🌟 Clear analysis.

🌟 Easy to understand

❤️ Thank you!
Reply
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