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ForecastCity_ME
Aug 18, 2020 4:52 PM

Don't miss the great sell opportunity in AUDNZD Short

Australian Dollar/New Zealand DollarFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.102). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. AUDNZD 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 37.

Take Profits:
TP1= @ 1.0965
TP2= @ 1.0925
TP3= @ 1.0910
TP4= @ 1.0880
TP5= @ 1.0845

SL: Break Above R2

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Comments
Josef_anderson
Thanks! Very nice analysis.
ForecastCity_ME
@Josef_anderson, Hope you enjoy it
yusufipek1989
Thanks! This is good.
ForecastCity_ME
@yusufipek1989, You're welcome!
Kamryn
Very helpful. Thanks.
ForecastCity_ME
@Kamryn, Hope you enjoy it.
Kristalyn
Comprehensive analysis.
ForecastCity_ME
@Kristalyn, Thank you!
Mesutkashmar
Lovely analysis, man! Looks very clean!
ForecastCity_ME
@Mesutkashmar, Thanks! Hope you enjoy it.
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