NZDSGD I expect NZDSGD to continue pushing down from the local support also considering that the price had breached a wedge correction.
NZDSGD trade ideas
SGDNZD kept dropping like a rock.But may be more or less at the end of the latest fractal pattern. I am reluctant to determine goals at this stage, as we have moved relatively alot and relatively over a significant period of time. Still, no pivot in sight, and unless we see a hard reset we may enter the nebulous territory of so called X waves. I am watching this one intently.
NZDSGD sell ideaPrice is nearing the resistance and the trendline cross over, also the RSI is around 70 and has touched the overbought level. It has now only just dropped out of the overbought level and the price has stayed the same with the last two candles so this could hint a possible consolidation around this area as there are wicks on both sides of the candles being fairly balanced. This is an idea by a beginner and by no means should you follow, good luck and stay patient!
NZD/SGD-long-reversal-inverted head and shoulder-4 hoursprice reach support line on daily time and form a number of reversal factors:
*price break current H4 trend line resistance
*possible inverted head and shoulder form
-entry at inverted head and shoulder right shoulder that lines with the support line been broken and retest
-entry after price break inverted head and shoulder neckline+support line and retest it
Don't miss the great sell opportunity in NZDSGDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.909). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDSGD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 0.9026
TP2= @ 0.8995
TP3= @ 0.8968
TP4= @ 0.8930
TP5= @ 0.8890
SL: Break Above R3
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Don't miss the great sell opportunity in NZDSGDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.909). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDSGD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 0.9026
TP2= @ 0.8995
TP3= @ 0.8968
TP4= @ 0.8930
TP5= @ 0.8890
SL: Break Above R3
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NZDSGD BUY LIMIT AUD WEEK 2 Hi All ,
our free trade for the week is NZDSGD ! which is a buy limit . SL marked and entry .
Many thanks
NZDSGD SHORT1.Upward trend line has been broken.
2.There is a Daily support line,waiting for breakout of the support line for entry.
Trade Details:
Entry @ 0.91701
Stoploss: 0.91940
Target profit: 0.9102
Ratio: 2.98
