As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6555.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6595.
TP4: R2=0.661.
Set the stoploss of these orders at breakout of S2=0.6545.
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=0.6555.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.661.
TP4: R2=0.664.
Set the stoploss of these orders at breakout of S2=0.6545.
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=0.6525.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.656.
TP4: R2=0.658.
Set the stoploss of these orders at breakout of S2=0.6515.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
NZDUSD Analysis: Price sold as expected and is currently below resistance zone price 0.65785 and still underneath trend-line. We expecting price to possibly test resistance if not expect price to head towards support zone 0.64344 Long-Term Daily timeframe .
As we know NU has been in a very good down trend since Mid March, and it seems like it has completed the 5 wave structure of the B leg and now it is about to begin it's way for the C leg.
Divergence is also appreciating in that case for NU LONG.
I'd prefer .6420 for SL in case of Buyzz.
And target would be .6971.
GOOD LUCK GUYS.
Follow Money Management.
Trade SAFE!!
NZDUSD Analysis: Price is currently below resistance zone price 0.65919 and underneath trend-line. We expecting price to re test wick and retest towards support zone 0.65246 Long-Term 4 Hr timeframe
NZDUSD Analysis: Price is currently above support zone price 0.66528 and underneath trend-line. We expecting price to possibly test trend-line and continue sell towards support zone 0.66528 Long-Term daily timeframe
The market seems to have come to its senses after the post news profit booking rally, friday.
It has broken its bullish trendline in the 15-min chart, indicating dwindling buying momentum.
To add to it, the ADX indicator has also turned bearish.
Hence, we expect the arrival to bears in the counter and the pair to make a move to its intraday support at 0.66195.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.664.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6675.
TP4: R2=0.6705.
Set the stoploss of these orders at breakout of S2=0.663.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Price Sold as expected and is currently below resistance zone price 0.67477 and underneath trend-line. We expecting price to continue sell towards support zone 0.66528 then a possible retracement to trend-line Long-Term daily timeframe.
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...
Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please...
Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please...
Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please...
This pair is the New Zealand Dollar vs. the U.S. Dollar. It is often referred to as trading the “Kiwi” because the $1 coin depicts the Kiwi bird. In 2012 the Reserve Bank of New Zealand intervened to devalue the Kiwi because it had appreciated so much. It is the 10th most traded currency in the world.
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