USDNZD trade ideas
Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6450). 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 dynamic resistance.
. The RSI is at 17.
Take Profits:
TP1= @ 0.6330
TP2= @ 0.6255
TP3= @ 0.6205
SL: Break Above R2
NZDUSD Buy Opportunitybuying at market price but ALSO Looking for a small pullback to get into the market at a bigger position if it pulls back.
Market definitely has potential to shoot higher than our target so I would advise at least taking partials at the TP zone
SL is at 0.6587
TP is at 0.6615
What to expect on NZD/USD Price trying to go through the 800 EMA as we can see in the chart, inside the descending channel
Short NZDUSD Rsi overbought 1D timeframeSELL NZDUSD-1D- RSI overbought
SELL@0.65981
SL @0.66384
TP1 @0.64981
TP2 @0.64542
Only for education purpose Trade at your own risk.
NZDUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6415.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6455.
TP4: R2=0.6465.
Set the stoploss of these orders at breakout of S2=0.6405.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6405.
In this situation, there is an expectation to reach the target S3=0.634.
Set the stoploss of reverse orders at breakout of S1=0.6415.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
NZDUSDNZDUSD IS TRADING IN CHANNEL AS IT BREAKS RESISTANCE & RETEST OF SUPPORT & GIVEN NICE ENGULFING CANDLE
NZDUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.638.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.642.
TP4: R2=0.644.
Set the stoploss of these orders at breakout of S2=0.637.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.637.
In this situation, there is an expectation to reach the target S3=0.6305.
Set the stoploss of reverse orders at breakout of S1=0.638.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
