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!!
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.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
