Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7245). 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...
NZDUSD is looking for a great short, Whole move have the consolidation, expecting to reach at the bottom.
Price is clearly forming a larger bear flag pattern and also ascending channel within the bear flag giving us Pattern-within a - Pattern formation. Hence suggesting higher probability for it to drop.
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7108). 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...
NZDUSD LOOKING ON CHART ON BUY SIDE
The New Zealand dollar is the strongest currency in the past three months. It fell back after reaching 0.7104 at the highest level last week. It closed at 0.7035 on Friday, still above the 0.7 integer. By technical analysis, NZDUSD is still in the ascending channel. It is recommended that when the price falls back to support, buy NZDUSD.
Price is clearly forming a bear flag pattern. Hence looking for more of short setups Simplicity is key to be successful in trading. Thanks to all those who have followed me and liked my post. Especial thanks to all those who DM me and commented on my analysis wanting to know more about the trade.
trend line breakout, closing below 0.70 will open short position till 0.68 levels
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.7052). 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...
NZDUSD H1 Live Forecast Down Direction
Price after closing above the 2years resistance moved super bullish and reached 2018 resistance which is our target for this break. Now carefully trial your stop or book the profits and if closes above the resistance line once again one can enter the market. Expecting profit bookings soon. If you find my analysis helpful . . . . . Please show your support by...
#NZD/USD make a bull flag chart pattern.