USDNZD trade ideas
Don't miss the great buy opportunity in NZDUSDTrading 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.
. The RSI is at 67.
Take Profits:
TP1= @ 0.6435
TP2= @ 0.6485
TP3= @ 0.6565
SL= Break below S2
NZDUSD EASY LONGNZDUSD EASY LONG.
LOOK AT THE TWO POSSIBLE REGRATION AREAS. MARKED IN THE GREEN CIRCLE.
LOOK CLOSELY T THE DXY INDEX AND THE POSSIBLE CHANGES.
NZDUSD Intraday ForecastAs 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 S2=0.626.
In this situation, there is an expectation to reach the target S3=0.6195.
Set the stoploss of reverse orders at breakout of S1=0.627.
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!
NZDUSD Intraday ForecastAs 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 S2=0.63.
In this situation, there is an expectation to reach the target S3=0.6235.
Set the stoploss of reverse orders at breakout of S1=0.631.
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!
NZDUSD to sustain down wedge breakout due to truce in trade warNew 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 resistance 0.65902.
https://www.tradingview.com/x/N3dokjgG/NZD/USD
We are running in b wave , watch for reversal candle and go for sell option , some good money incoming in nzd /usd
