As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6415.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6455.
TP4: R2=0.6465.
Set the stoploss of these orders at breakout of S2=0.6405.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Midterm forecast:
While the price is above the support 1.0660, resumption of uptrend is expected.
We make sure when the resistance at 1.0850 breaks.
If the support at 1.0660 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 1.0660 is broken.
Technical analysis:
A trough is formed in...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8501). 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 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=0.638.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.642.
TP4: R2=0.644.
Set the stoploss of these orders at breakout of S2=0.637.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6350). 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 above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6302). 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 above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (68.15). 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=0.627.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.631.
TP4: R2=0.6335.
Set the stoploss of these orders at breakout of S2=0.626.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8360). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.0630 would begin in Midterm.
We will close our open trades, if the Midterm level 1.0630 is broken.
Technical analysis:
While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low.
A peak is formed in...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (67.950). 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 below the 21-Day WEMA which acts as a dynamic resistance....
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.631.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.636.
TP4: R2=0.638.
Set the stoploss of these orders at breakout of S2=0.63.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Midterm forecast:
While the price is above the support 1.0530, resumption of uptrend is expected.
We make sure when the resistance at 1.0730 breaks.
If the support at 1.0530 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 1.0530 is broken.
Technical analysis:
The ascending flag...
FX:NZDJPY Reversal potential 67.710 with SL at 67.530 and three potential targets.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.04517). 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....
Midterm forecast:
While the price is above the support 1.0275, resumption of uptrend is expected.
We make sure when the resistance at 1.0630 breaks.
If the support at 1.0275 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
Price is below...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.6815). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EUR/NZD 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.
....
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![NZDJPY: NZDJPY Long Setup [4H]](https://s3.tradingview.com/s/sVfaRMjo_mid.png "NZDJPY Long Setup [4H]")
