Don't miss the great sell opportunity in NZDUSD Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Jul 16, 2020 9:59 PM

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.657). 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 40.

Take Profits:
TP1= @ 0.6500
TP2= @ 0.6470
TP3= @ 0.6440

SL: Break Above R2

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Comments

Best_Forecast

⋅ Jul 17, 2020 6:38 PM

Very accurate and it is making a lot of sense.

Thank you for the good work.

ForecastCity_ME

⋅ Jul 17, 2020 6:53 PM

@Alexander_007, Thank you for your comment. It is appreciated.

Shiva_forex

⋅ Jul 17, 2020 12:36 PM

Looks good

ForecastCity_ME

⋅ Jul 17, 2020 6:53 PM

@Shiva_forex, Our pleasure!

Pro_Trader_007

⋅ Jul 17, 2020 9:30 AM

Much appreciative of flawless trade setups.

ForecastCity_ME

⋅ Jul 17, 2020 6:56 PM

@Pro_Trader_007, We appreciate your comment.

Arunkumar74848

⋅ Jul 22, 2020 6:10 AM

market reach 0.66606 what is the next move buy or sell ? and where its going . plzz explain sir