Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.643). 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 still a possibility of temporary retracement to suggested resistance line (0.6485). 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...
Price did not form a continuation bull flag after the break of the Inner falling wedge. So will be considering it to be part of the middle section of the larger falling wedge.
Ideally would be nice for the price to break the double bottom structure and do the mass psychology and form the 3rd touch as part of pattern completion before going LONG.
Either way will...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.646). 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...
Price has reached correctively on the Key level as per monthly TF.
It has formed a rising wedge pattern. And is expected to go short with minimum TP is the blue ray line. But it looks like it has more room to head lot lower.
Will look to scale in more position as it imprints with a continuation pattern.
Will Break even this trade ones it has crossed 1% of my SL.
NZDUSD pair has been trading inside a broadening triangle pattern since starting of May, it seems like close with bearish movement at the last week of the month, might me it will take of from the price of 0.58500.. this week we can expect a bearish rally ..
