ForecastCity

Don't miss the great sell opportunity in NZDSGD

Short
OANDA:NZDSGD   NZD/SGD
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.909). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDSGD 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 55.

Take Profits:
TP1= @ 0.9026
TP2= @ 0.8995
TP3= @ 0.8968
TP4= @ 0.8930
TP5= @ 0.8890

SL: Break Above R3

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Comments

I'm with you on this one. same idea
+3 Reply
ForecastCity Mesutkashmar
@Mesutkashmar, Thank you for your comment.
+1 Reply
ForecastCity Mesutkashmar
@Mesutkashmar, All the best
+1 Reply
excellent technical setup, and great summary. thumbsup!
+1 Reply
ForecastCity ProjectSyndicate
@ProjectSyndicate, Thanks for your comment. 👍
Reply
Well done. 👍
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, We're glad you like it
Reply
Brilliant explanation. Thank you.
+1 Reply
ForecastCity Josef_anderson
@Josef_anderson, You're welcome and thank you for your feedback.
Reply
ForecastCity Josef_anderson
Share your ideas with us sometimes. @Josef_anderson,
Reply