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ForecastCity
Jul 13, 2020 9:28 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 (0.658). 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 31.

Take Profits:
TP1= @ 0.6520
TP2= @ 0.6495
TP3= @ 0.6465

SL: Break Above R2

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Comments
xrealog
Thanks
ForecastCity
@m3r8hb8pi6, My pleasure 🍀💙🍀
Kamryn
Your analysis is very accurate.
ForecastCity
@Kamryn, Thank you for your feedback 🍀💙🍀
Forecast_Crypto
i love it
ForecastCity
@Forecast_Crypto, We appreciate your comment 👍
Pro_Trader_007
amazing
ForecastCity
@Pro_Trader_007, Thanks. 👍 we hope you enjoy it.
DGthetrader
Agree
ForecastCity
@DGthetrader, Thanks for your comment. 👍👍
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