ForecastCity_ME

Don't miss the great sell opportunity in NZDUSD

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.663). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40 .

Take Profits:
TP1= @ 0.6575
TP2= @ 0.6545
TP3= @ 0.6510

SL: Break Above R2

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Comments

keep up the amazing work!
+3 Reply
ForecastCity_ME DenizKilicDeniz
@DenizKilicDeniz, Sure, Thank you for your kind words.
+1 Reply
I share the same view with you. Good forecast.
+2 Reply
ForecastCity_ME Mehmetozdemi
@Mehmetozdemi, Thanks for your comment
+1 Reply
I agree with every bits of your idea. :)
+1 Reply
@Lizabet, Thanks for your comment. Great minds think alike ;)
Reply
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