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ForecastCity
Feb 10, 2020 4:29 PM

Don't miss the great sell opportunity in NZDUSD Short

New Zealand Dollar/U.S. DollarFXCM

Description

Trading 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
Comments
sara-kian-fx
A bunch of good information. Thanks!
ForecastCity
@sara-kian, You're welcome.
Forecast_Crypto
Thoughtful analysis, well done!
ForecastCity
@Forecast_Crypto, Thanks for your nice comment.
fxniki
I think it's a great sell opportunity in NZDUSD. I liked your chart and TA. thanks
ForecastCity
@fxniki, Thanks for sharing your opinion about it.
Best_Forecast
Keep This on my Radar This Week, Thanks a lot!
ForecastCity
@Alexander_007, please don't mention it. we hope you gain maximum profit.
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