Kindly like the ideas if it is helping you and leave a comment, it will support me and provide a motive to keep posting new profitable trading ideas for you 😉⠀
Analysis of #NZDUSD
This was a textbook broken trend line resistance started 2016, which to be honest I didn't put faith into it, as I thought the stock market might show weakness here and start to fall and I still believe that.
the NZD rallied 1.55% on Friday or 200 pips and it might continue to rally in the light of recent update from the FED.
For me, I will only be considering a buy if we close above the 0.6900 as I see now resistance at 0.6800 which near where we are now
on the other side if market shoes me a rotation pattern on the lower time frame i certainly will trade the short side.
at the end this a very tricky one for me and I rather look to trade other pairs like EUR and GBP
⠀
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
Analysis of #NZDUSD
This was a textbook broken trend line resistance started 2016, which to be honest I didn't put faith into it, as I thought the stock market might show weakness here and start to fall and I still believe that.
the NZD rallied 1.55% on Friday or 200 pips and it might continue to rally in the light of recent update from the FED.
For me, I will only be considering a buy if we close above the 0.6900 as I see now resistance at 0.6800 which near where we are now
on the other side if market shoes me a rotation pattern on the lower time frame i certainly will trade the short side.
at the end this a very tricky one for me and I rather look to trade other pairs like EUR and GBP
⠀
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
