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ForecastCity
Jul 31, 2020 6:54 PM

Don't miss the great sell opportunity in NZDUSD Short

FX:NZDUSD240
New Zealand Dollar/U.S. DollarFXCM

Description

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Trading suggestion:
. There is a possibility of temporary retracement to suggested resistance line (0.6671). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 43.

Take Profits:
TP1= @ 0.6611
TP2= @ 0.6578
TP3= @ 0.6521
TP4= @ 0.6450
TP5= @ 0.6384

SL= Break Above R2

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Trend AnalysisChart PatternsTechnical IndicatorsNZDUSDdollarNZDUSDnzddollarforexsignalsforexsignal
Comments
fxniki
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ForecastCity, You are the best of the best. I am so lucky finding and following you.
ForecastCity
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@fxniki, It's our pleasure. Thanks for following us. 💎🙏💎
WRJ_FX
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clean charts everytime, appreciate your analysis' everytime🙌🎯
ForecastCity
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@webbymurks, Thank you for your comment. We appreciate it. ❤️
Forecast_Crypto
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Very nice trade and setup!
ForecastCity
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@Forecast_Crypto, Thanks!
Pro_Trader_007
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Keep it up!
ForecastCity
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@Pro_Trader_007, Sure! Thanks for the comment.
Mehmetozdemi
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1st recommend I have followed...
ForecastCity
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@Mehmetozdemi, we Appreciate your support
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