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ForecastCity_World
Jan 25, 2022 12:23 PM

πŸ’‘Don't miss the great sell opportunity in NZDUSDΒ Short

New Zealand Dollar/U.S. DollarFXCM

Description

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Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.6695).
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 a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 36.

Take Profits:
TP1= @ 0.6660
TP2= @ 0.6635
TP3= @ 0.6613
TP4= @ 0.6589
TP5= @ 0.6570

SL: Break Above R2

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Comments
DenizKilicDeniz
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Good analysis as always! Simple, clear, and detailed. Thanks!
ForecastCity_World
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@DenizKilicDeniz, You're welcome! Thank you as well for your comment.
batutu6
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i think we are on the bottom of the bullish flag?? i am expecting up
ForecastCity_World
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@batutu6, Thank you for your comment. We appreciate it.
Jess3450
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Good work
ForecastCity_World
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@Hamo1, Thank you for your feedback. We appreciate it.
mohdazizizakaria12
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Good info..
ForecastCity_World
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