The New Zealand dollar is the official currency of New Zealand and some of its surrounding territories. It is one the of the ten most traded currencies in the world with favorable interest rate differentials helping to make if a poplar currency among Forex traders. The New Zealand dollar is commonly referred to as the “kiwi” after the bird which is often associated with New Zealand and appears on the $1 coin.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (75.2). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY 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.
....
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6735.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6785.
TP4: R2=0.68.
Set the stoploss of these orders at breakout of S2=0.6715.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
We are long on the GBP NZD and have been 500 pips ago
as long as our lower trendline holds we will maintain a long position
A break of 19550 will open the door to 2.000 +
NZDUSD is approaching its resistance at 0.6838 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.6767(76.4% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
Trading CFDs on margin carries...
Midterm forecast:
While the price is below the resistance 1.7390, beginning of downtrend is expected.
We make sure when the support at 1.6325 breaks.
If the resistance at 1.7390 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is...
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.6430 would begin in Midterm.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 0.6580 on 01/03/2019, so more gains to resistance(s) 0.6860, 0.6970, 0.7025...
As we can see price has been in a very good and strong Downtrend for a while and then it started retracing, my bias and Technical Analysis says that the retracement is complete or it is about to be completed. but If retracement is completed then this time is good oppertunity to sell.
TRADE WITH PROPER STOP LOSS BASED ON THE MARKET STRUCTURE!!
GOOD LUCK!!
TRADE SAFE
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6835.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6885.
TP4: R2=0.6935.
Set the stoploss of these orders at breakout of S2=0.6815.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6765.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6815.
TP4: R2=0.685.
Set the stoploss of these orders at breakout of S2=0.675.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.68.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6865.
TP4: R2=0.6885.
Set the stoploss of these orders at breakout of S2=0.678.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6805.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6845.
TP4: R2=0.6865.
Set the stoploss of these orders at breakout of S2=0.6795.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6705.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6755.
TP4: R2=0.6775.
Set the stoploss of these orders at breakout of S2=0.6685.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6535.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.658.
TP4: R2=0.6605.
Set the stoploss of these orders at breakout of S2=0.652.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.652.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.656.
TP4: R2=0.6575.
Set the stoploss of these orders at breakout of S2=0.6505.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6495.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.654.
TP4: R2=0.657.
Set the stoploss of these orders at breakout of S2=0.648.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
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