Don't miss the great buy opportunity in NZDUSD Long

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Jul 26, 2020 2:08 PM

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6600). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.

Take Profits:
TP1= @ 0.6638
TP2= @ 0.6705
TP3= @ 0.6768
TP4= @ 0.6820
TP5= @ 0.6893

SL= Break below S2

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Comments

Sir_Ray

⋅ Jul 26, 2020 9:15 PM

thanks for your ideas

ForecastCity_ME

⋅ Jul 26, 2020 9:29 PM

@Sir_Ray, Thanks for your comment. We appreciate it.

Kamryn

⋅ Jul 26, 2020 9:07 PM

Your analysis is very accurate. Thanks a lot

ForecastCity_ME

⋅ Jul 26, 2020 9:29 PM

@Kamryn, Happy to be of help!

Mehmetozdemi

⋅ Jul 26, 2020 6:08 PM

Excellent prediction.

ForecastCity_ME

⋅ Jul 26, 2020 6:35 PM

@Mehmetozdemi, Thanks for your comment. We appreciate it.

sara-kian-fx

⋅ Jul 26, 2020 4:01 PM

Thanks for your ideas

ForecastCity_ME

⋅ Jul 26, 2020 4:24 PM

@sara-kian-fx, Happy to be of help!