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Weekly forecast | New Zealand Dollar / US Dollar technical chart | |||
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Symbol | NZDUSD |
Trading suggestion: There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.6775 to 0.6800). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. While the price is above the level and Close Below 0.671, the probability of beginning of downtrend is too weak, so we would enter the market with sell trades based on Daily-Trading-Opportunities and a day close price below and Close Below 0.671 and expect to reach short-term targets.
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Date | November 7, 2020 - 21:02 | |||
Current | range bound | |||
Forecast | beginning of downtrend | |||
Midterm forecast:
Technical analysis:
Take Profits:
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