TradingView
ForecastCity_EU
Jun 5, 2019 1:11 PM

There is a trading opportunity to buy in NZDSGD Long

NZD/SGDOANDA

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9030). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDSGD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.

Take Profits:
TP1= @ 0.9090
TP2= @ 0.9160
TP3= @ 0.9340

SL= @ 0.8940
Comments
fxniki
I agree with your TA about the range bound ... Thanks for the great trading opportunity to buy in NZDSGD.
More