Don't miss the great sell opportunity in NZDUSDTrading 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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NZD (New Zealand Dollar)
💡Don't miss the great sell opportunity in NZDUSDTrading 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= @ 0.6570
TP2= @ 0.6510
TP3= @ 0.6445
TP4= @ 0.6375
TP5= @ 0.6240
SL: Break Above R2
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💡Ascending Triangle in GBPNZD- "Learn More Earn More" With USAscending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs
when there is a resistance level and a slope of higher lows .
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An uptrend line drawn through the bottoms.
The higher lows indicate more buyers are gradually entering the market
and buying pressure increases as price consolidates moving further towards the apex.
An ascending triangle is classified as a continuation chart pattern .
If price can break through the resistance level, that level will now act as a support level.
Breakouts can also happen in both directions. Statistically,
upward breakouts are more likely to occur, but downward ones seem to be more reliable.
In most cases, the buyers will win this battle and the price will break out past the resistance.But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction.
ENTRY:
We would set an entry order above the resistance line and below the slope of the higher lows .
TARGET:
Target is approximately the same distance as the height of the triangle formation.
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Don't miss the great buy opportunity in AUDNZDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.0851).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDNZD 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 66.
Take Profits:
TP1= @ 1.0905
TP2= @ 1.0933
TP3= @ 1.0957
TP4= @ 1.0993
TP5= @ 1.1041
SL= Break below S3
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💡 Two Sell opportunity in NZDUSD , Mid-Term & Short-TermMid-Term Forecast:
Second Chance Trade Setup summary:
Profit targets= 3923 pip = { TP1=104 + TP2=219 + TP3=344 + TP4=579 + TP5=639 + TP6=789 + TP7=1249 }
Stop Loss = 497 pip
Reward/Risk > 7.9 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.6719) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP1 = @0.6615
TP2 = @0.6500
TP3 = @0.6375
TP4 = @0.6240
TP5 = @0.6080
TP6 = @0.5930
TP7 = @0.5470
TP8 = Free
SL= Break above 0.6790
--------------------------------------------------------------------------------------------------
Current Status of First Sell:
Total Profit: 570
Closed trade(s): 52 Profit
Open trade(s): 518 Profit
Trade Setup:
We opened 8 Sell trade(s) @ 0.6667 based on 'previous Forecast' at 09.21.2020:
Closed Profit:
TP1 @ 0.6615 touched at 2020.07.28 with 52 Profit.
Open Profit:
Open trade is 0.6593(current price) - 0.6667(open price) = 74
7 trade(s) still open, therefore total profit for open trade(s) is 74 x 7 = 518
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 44.
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Short-Term Forecast
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.6614).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 0.6575
TP2= @ 0.6500
TP3= @ 0.6446
TP4= @ 0.6375
TP5= @ 0.6333
SL: Break Above R2
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Don't miss the great sell opportunity in NZDSGDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.909). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 0.9026
TP2= @ 0.8995
TP3= @ 0.8968
TP4= @ 0.8930
TP5= @ 0.8890
SL: Break Above R3
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Don't miss the great buy opportunity in GBPNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.9407). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Take Profits:
TP1= @ 1.9480
TP2= @ 1.9582
TP3= @ 1.9660
TP4= @ 1.9747
TP5= @ 1.9828
SL= Break below S2
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Two great sell opportunities on this chart for NZDUSDMid-Term Forecast:
Midterm forecast:
While the price is below the resistance 0.6790, beginning of downtrend is expected.
We make sure when the support at 0.6585 breaks.
If the resistance at 0.6790 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 0.6790 on 09/02/2020, so more losses minimum to Major Support (0.6585) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 62.
Take Profits:
TP1 = @0.6585
TP2 = @0.6500
TP3 = @0.6375
TP4 = @0.6240
TP5 = @0.6080
TP6 = @0.5930
TP7 = @0.5470
TP8 = Free
--------------------------------------------------------------------------------------------------------------------------------------------
Intraday Forecast:
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.6705).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 24.
Take Profits:
TP1= @ 0.6665
TP2= @ 0.6655
TP3= @ 0.6640
TP4= @ 0.6600
SL: Break Above 0.6750
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Don't miss the great buy opportunity in NZDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.5965). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 70.
Take Profits:
TP1= @ 0.6045
TP2= @ 0.6090
TP3= @ 0.6165
TP4= @ 0.6222
TP5= @ 0.6295
SL= Break below S2
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Don't miss the great sell opportunity in AUDNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.096). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD 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 50.
Take Profits:
TP1= @ 1.0900
TP2= @ 1.0855
TP3= @ 1.0830
TP4= @ 1.0800
TP5= @ 1.0763
SL: Break Above R2
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Don't miss the great sell opportunity in AUDNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.102). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD 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 37.
Take Profits:
TP1= @ 1.0965
TP2= @ 1.0925
TP3= @ 1.0910
TP4= @ 1.0880
TP5= @ 1.0845
SL: Break Above R2
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Don't miss the great buy opportunity in NZDUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.654). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 0.6600
TP2= @ 0.6625
TP3= @ 0.6690
SL= Break below S2
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Don't miss the great sell opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested resistance line (69.55). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.
Take Profits:
TP1= @ 69.00
TP2= @ 68.69
TP3= @ 68.12
TP4= @ 67.36
TP5= @ 66.78
SL= Break above R2
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AUDNZD Update: Profit=863 SL=120 Reward/Risk > 7.2:1 Trade Setup summary:
Profit targets=863 pip (60 + 110 + 173 + 230 + 290)
Stop Loss =120 pip
Reward/Risk > 7.2 : 1
Current Status:
Total Profit: 649 pip
Closed trade(s): 649 pip Profit
Open trade(s): 0 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 1.0676 based on 'previous Forecast' at 2020.07.27 :
Closed Profit:
TP1 @ 1.0890 touched at 2020.07.27 with 45 pip Profit.
TP2 @ 1.0867 touched at 2020.07.28 with 72 pip Profit.
TP3 @ 1.0813 touched at 2020.08.04 with 137 pip Profit.
TP4 @ 1.0748 touched at 2020.08.10 with 191 pip Profit.
TP5 @ 1.0721 touched at 2020.08.11 with 204 pip Profit.
45 + 72+ 137 + 191 + 204 = 649
Technical analysis:
. AUDNZD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (1.0880) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 1.0940
TP2= @ 1.0990
TP3= @ 1.1053
TP4= @ 1.1110
TP5= @ 1.1170
SL= Break below 1.0856
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Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.664). 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= @ 0.6605
TP2= @ 0.6585
TP3= @ 0.6560
TP4= @ 0.6531
TP5= @ 0.6502
SL: Break Above R2
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Don't miss the great buy opportunity in NZDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6036). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 65.
Take Profits:
TP1= @ 0.6070
TP2= @ 0.6095
TP3= @ 0.6123
TP4= @ 0.6166
TP5= @ 0.6215
SL= Break below S2
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Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6614). 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= @ 0.6575
TP2= @ 0.6505
TP3= @ 0.6446
TP4= @ 0.6376
TP5= @ 0.6333
SL: Break Above R2
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Don't miss the great sell opportunity in NZDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.895). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCAD 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= @ 0.8858
TP2= @ 0.8795
TP3= @ 0.8745
TP4= @ 0.8685
TP5= @ 0.8590
SL: Break Above R2
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