DariusAnucauskas
Short

NZDUSD - Daily - Probably, something for next week.

FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
57 views
1
57 7
So this is looking interesting now. The steep trend might be meeting its resistance. Depending on how this week will close, and if it will form a Doji on the Weekly, then there is potential to break the steep trend line to the downside. But better watch the levels, as this pair could take a lot of Stops out.

I am going go ahead and make a call here and say that we could see some selling tomorrow or next week. This is based on the length and steepness of the upward trend.

I could be wrong, but, hey, we're all gambling here, right?

Be careful and keep an eye on the price action!
Finally!!!
Reply
Agreed. It's miles away from its 20 and 50 moving averages and must be due a pullback soon.
It's all in the timing, so good luck.
Reply
@andmk2, thanks.

Let's see what happens. I've got a couple of SELL positions on it from today. But if it will start moving even more to the upside, then I will have to get rid of them. But hopefully, I won't need to.
Reply
Have a position open since last week sell lol .
Reply
@Creamygem, I still think it might hit 0.73 . But after that we'll have to observe it carefully. Then I am leaning towards the downside. But let's wait and see.

Where did you enter your SELL, at what level?
Reply
Creamygem DariusAnucauskas
@DariusAnucauskas, 0.72700:(
Reply
@Creamygem, well, depending on your position size, 0.72700 isn't that bad. Wait for 0.73 and then maybe try to average out?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out