Mid-Term Forecast
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (71.670). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY 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 55.
Take Profits:
TP1= @ 70.95
TP2= @ 69.95
TP3= @ 68.72
TP4= @ 67.15
TP5= @ 66.05
SL: Break Above R2
-----------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (71.6). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY 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 41.
Take Profits:
TP1= @ 70.95
TP2= @ 70.60
TP3= @ 69.95
TP4= @ 68.72
TP5= @ 68.20
SL: Break Above R2
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Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (71.670). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY 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 55.
Take Profits:
TP1= @ 70.95
TP2= @ 69.95
TP3= @ 68.72
TP4= @ 67.15
TP5= @ 66.05
SL: Break Above R2
-----------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (71.6). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY 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 41.
Take Profits:
TP1= @ 70.95
TP2= @ 70.60
TP3= @ 69.95
TP4= @ 68.72
TP5= @ 68.20
SL: Break Above R2
❤️ 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 ❤️
Trade active
Short-Term Forecast Profit426 pips profit...
Total Profit: 426
Closed trade(s): 306 Profit
Open trade(s): 120 Profit
Update Details:
Closed Profit:
TP1 @ 70.95 touched at 09.08.2020 with 57 Profit.
TP2 @ 70.60 touched at 09.08.2020 with 92 Profit.
TP3 @ 69.95 touched at 09.08.2020 with 157 Profit.
57 + 92 + 157 = 306
Open Profit:
Profit for one trade is 70.92(current price) - 71.52(open price) = 60
2 trade(s) still open, therefore total profit for open trade(s) is 60 x 2 = 120
All SLs moved to Break-even point.
Take Profit:
TP4= @ 68.72
TP5= @ 68.20
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High Accurate forecasts by 4CastMachine AI
✅36 Forex Pairs
✅175 Cryptos
✅16 Indices
✅Gold, Silver...
👉Follow.ForecastCity.com
FREE Telegrams:
👉t.me/ForecastCity_com
👉t.me/Free_Forex_AI
👉t.me/Free_Crypto_AI
✅36 Forex Pairs
✅175 Cryptos
✅16 Indices
✅Gold, Silver...
👉Follow.ForecastCity.com
FREE Telegrams:
👉t.me/ForecastCity_com
👉t.me/Free_Forex_AI
👉t.me/Free_Crypto_AI
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.