ForecastCity

💡Don't miss the great sell opportunity in NZDUSD

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.7225).
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 42.

Take Profits:
TP1= @ 0.7103
TP2= @ 0.7008
TP3= @ 0.6944
TP4= @ 0.6877
TP5= @ 0.6788

SL: Break Above R2

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Comments

Many thanks for sharing this chart.
+3 Reply
ForecastCity sofi_Morphy
@sofi_Morphy, You're very welcome!
We hope you enjoy it.
Reply
Excellent and Comprehensive analysis. Keep it up
+2 Reply
ForecastCity Megan_forex
@Megan_forex, Thank you for your comment. We appreciate it 🌹
Reply
❄️ I like it ❄️
+1 Reply
ForecastCity Kristalyn
@Kristalyn, Thanks for your comment.
Reply
Great Work 👏
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thanks
Reply
It's a good choice. 👌
+1 Reply
ForecastCity Josef_anderson
@Josef_anderson, We're glad you like it.
Reply
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