NZDUSD
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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💡 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
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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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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
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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 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 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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ForecastCity English Support Team ❤️
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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ForecastCity English Support Team ❤️
Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested resistance line (0.6671). 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 43.
Take Profits:
TP1= @ 0.6611
TP2= @ 0.6578
TP3= @ 0.6521
TP4= @ 0.6450
TP5= @ 0.6384
SL= Break Above R2
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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 (0.669). 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 45.
Take Profits:
TP1= @ 0.6635
TP2= @ 0.6615
TP3= @ 0.6580
SL: Break Above R2
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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 (0.6655). 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 41.
Take Profits:
TP1= @ 0.6630
TP2= @ 0.6600
TP3= @ 0.6580
TP4= @ 0.6530
TP5= @ 0.6495
SL: Break Above R2
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ForecastCity English Support Team ❤️
Don't miss the great sell opportunity in NZDUSDTrading 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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ForecastCity English Support Team ❤️
Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.658). 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 31.
Take Profits:
TP1= @ 0.6520
TP2= @ 0.6495
TP3= @ 0.6465
SL: Break Above R2
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ForecastCity English Support Team ❤️
NZDUSD LONG TRADE SETUPThe daily right side is down against .6978 and the 4 hour is favored turning down against there as well. The hourly is turning up against .6381. While above there it can see another high toward the .6700 area before turning lower again.
long NZDUSD
@0.6540-06520
tp: 0.6620
sl: 0.6480
good luck