NZDUSD Weekly forecast for 27th-31st Jan 2020
- Starting this week below a key area of support already turning resistance at the 0.6620 area.
- This will be a great place too start looking for short formations to my first target set at 0.6580
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Weekly forecast, highlighting the overall trend with key levels to get an idea of the best targets in the upcoming...
A pretty clean setup here on NZDUSD...
Price action moving slowly slowly to a ley support level... and all we need to break for a quick rise is the trendline which has the 13EMA (Short-term trend indicator)
We are long!
NZDUSD UPDATE for Weekly forecast 20th - 25th Jan 2020
- NU sitting at minor support level for the beginning of the potential bullish move to come.
- Trading this with further pullbacks/stop hunts in mind towards my 0.6585 area.
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All analysis was sent out on sunday on all my platforms.
NZD just too strong for USD to hold back. Now at the weekly downward trendline, will there be any rejection at the highlighted zone????
NB
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Completion of a harmonic pattern suggests price to go short, which is what we are currently seeing at the moment. Price is still under the 200 EMA which suggests that price is still in a downtrend.
On the 4H chart, we can see another completed harmonic pattern and a rejection of the resistance which suggests that price will currently be bullish. Price has also...
NZDUSD Over the last couple of weeks is currently been on a downward push leading towards a new bearish Trend we could see possible lows being tested on this one as we could expect a stronger dollar as some sort of trade deal has been signed with China
This is not an investment idea please note when trading CFD your capital is at risk
If you have any questions...
Canale parallelo individuato, doppia rottura in false breakout, e doppia PINBAR RIBASSISTA, la configurazione grafica è in fase di creazione.
Segnale di vendita confermato dalle Bande di Bollinger rivisitate, con media mobile a 5 periodi e deviazione standard più stretta. Stop loss posizionato poco al di sopra dell'upper shadow della pin bar precedente e target...
This pair is the New Zealand Dollar vs. the U.S. Dollar. It is often referred to as trading the “Kiwi” because the $1 coin depicts the Kiwi bird. In 2012 the Reserve Bank of New Zealand intervened to devalue the Kiwi because it had appreciated so much. It is the 10th most traded currency in the world.
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