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 (0.6075). 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 45.

Take Profits:
TP1= @ 0.5975
TP2= @ 0.5910
TP3= @ 0.5850

SL: Break Above R2
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Comments

Absolutely amazing you guys are doing great job, thank you very much for your analysis!
+6 Reply
ForecastCity Mehmetozdemi
@Mehmetozdemi, You're welcome. 🙏
Do you have any idea about this pair?
+5 Reply
nice chart and Analysis
+4 Reply
ForecastCity Shiva_forex
@Shiva_forex, You're welcome. 🙏 we are glad you enjoyed it.
+3 Reply
nice chart and Analysis
+2 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, Thanks for your comment 🙏
+1 Reply
So we use 15m or 1h chart
+2 Reply
ForecastCity glenrifumo
@glenrifumo, It's H4.
+1 Reply
Good ideas
+2 Reply
ForecastCity FlyToSky1
@FlyToSky1, Thanks , we hope you enjoy it. 🙏
+1 Reply
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