NZD/USD analysis – SELL Opportunity Setup

by Frano GrgićNov 4, 2019Setups

Today, 05.11.2019. we have another SELL opportunity on the NZD/USD trading pair.

We have several signals that are pointing down:

D1 bearish engulfing bar
D1 Divergence
D1 resistance line

Something that must be pointed here is that we are currently in small uptrend and the resistance is not directly on the resistance channel line.

Possible SELL could gone to 0.6343 level. This is my opinion so everyone should do their own research before taking the trade.

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Yesterday,22.10.2019., NZD/USD trading pair have made Pin Bar setup with several additional signals.

All signals are suggesting that the pair could get back down at least to the first support.

Here are daily signals that are in favor of selling this pair:

Daily Pin Bar
Daily RSI divergence
Double Top
Resistance line

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Frano Grgić

A Forex trader since 2009. I like to share my knowledge and I like to analyze the markets. My goal is to have a website which will be the first choice for traders and beginners. Market analysis is featured by Forex Factory next to large publications like DailyFX, Bloomberg... GetKnowTrading is becoming recognized among traders as a website with simple and effective market analysis.