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ForecastCity_ME
Jul 28, 2020 8:52 PM

Don't miss the great sell opportunity in NZDUSD Short

New Zealand Dollar/U.S. DollarFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.669). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.

Take Profits:
TP1= @ 0.6635
TP2= @ 0.6615
TP3= @ 0.6580

SL: Break Above R2

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Comments
Josef_anderson
Good analysis as usual
ForecastCity_ME
@Josef_anderson, Thank you for your comment. It is appreciated. 🍀
Kamryn
Nice analysis as usual
ForecastCity_ME
@Kamryn, Thank you for your comment.
Sir_Ray
thanks for your ideas
ForecastCity_ME
@Sir_Ray, You're welcome!
Kristalyn
Lovely analysis
ForecastCity_ME
@Kristalyn, Thank you very much!
Forecast_Crypto
Fantastic analysis keeps it up
ForecastCity_ME
@Forecast_Crypto, Thank you for your comment. It is appreciated. 🍀
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