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ForecastCity
Jul 31, 2020 6:48 PM

Don't miss the great Sell opportunity in NZDUSD Short

New Zealand Dollar/U.S. DollarFXCM

Description

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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Comments
direnyagiz
Thank you very much for the analysis. You are a great team
ForecastCity
@direnyagiz, You're welcome! Thank you as well for your comment.
Mehmetozdemi
Thank you for all your amazing analysis
ForecastCity
@Mehmetozdemi,we Appreciate your comment
mostafakhorasani
Thank you for every tink...
ForecastCity
@mostafakhorasani1372, You're welcome. 💎🙏💎
jojofang0901
Thx for sharing your analysis. Looks clean to me. I do see the potential bearish move as well.
ForecastCity
@jojofang0901, Thanks for sharing your idea here. 💎🙏💎
sidvinci
you are making me like trading view. keep it up. you will be rewarded
ForecastCity
@sidvinci, Thank you for your comment! Best of luck to you in your trades. 🍀
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