Two great sell opportunities on this chart for NZDUSD
Mid-term Forecast:
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.6791).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in an uptrend 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 61.
Take Profits:
TP1= @ 0.6585
TP2= @ 0.6501
TP3= @ 0.6383
TP4= @ 0.6166
TP5= @ 0.5920
SL: Break Above 0.6791
--------------------------------------------------------------------------------------------------------------
Intraday Forecast:
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.6754).
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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 33.
Take Profits:
TP1= @ 0.6713
TP2= @ 0.6689
TP3= @ 0.6655
TP4= @ 0.6622
TP5= @ 0.6585
SL: Break Above 0.6779
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Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.6791).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in an uptrend 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 61.
Take Profits:
TP1= @ 0.6585
TP2= @ 0.6501
TP3= @ 0.6383
TP4= @ 0.6166
TP5= @ 0.5920
SL: Break Above 0.6791
--------------------------------------------------------------------------------------------------------------
Intraday Forecast:
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.6754).
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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 33.
Take Profits:
TP1= @ 0.6713
TP2= @ 0.6689
TP3= @ 0.6655
TP4= @ 0.6622
TP5= @ 0.6585
SL: Break Above 0.6779
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
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🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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