NZD/USD
Head and Shoulder with Cup
Hello guy earning with me new pattern it's here
all of you, so you can watch it this patterns
and cross the entry line then buy its this currency.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6350). 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....
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.627.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.631.
TP4: R2=0.6335.
Set the stoploss of these orders at breakout of S2=0.626.
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=0.631.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.636.
TP4: R2=0.638.
Set the stoploss of these orders at breakout of S2=0.63.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
New Zealand dollar is heading towards major resistance 0.65000 against the US dollar following a respite in US-Sino trade tensions. Technically, the pair has sustained the breakout of a downward wedge pattern in a daily time frame chart and would face immediate resistance level at 0.64829. The increase in selling pressure will force it to climb until the second...
