NZD/USD analysis – SELL Opportunity Setup

by Nov 4, 2019EURUSD Forecast

Home » EURUSD Forecast » NZD/USD analysis – SELL Opportunity Setup

EUR/USD Forecast

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.

Join Facebook group

 

 

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

 

DOWNLOAD

Check other trading tutorials:

Forex Trading for Beginners

Forex Trading Basics

Forex Trading Platform

Forex Currency Pairs

Forex Order Types

Forex Technical Analysis

Forex Trading Indicators

Forex Broker

 

Was this helpful? You can support my efforts by buying me a coffee 🙂

“Disclosure: Some of the links in this post are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. This does not cost you anything extra on the usual cost of the product, and may sometimes cost less as I have some affiliate discounts in place I can offer you”

Frano Grgić

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.

Beginners Online Course

Check the best online trading course for beginners

Check it out

Beginners Online Course

Check the best online trading course for beginners

Check it out

FREE WORKSHOP

For beginners who does not know how and where to start with trading

In the workshop I will tell you

what steps to do in order 

to transform yourself into a trader

WATCH FREE WORKSHOP
EURUSD Forecast – $1.06400 Bulls Target

EURUSD Forecast – $1.06400 Bulls Target

EURUSD Analysis TodayPrevious EURUSD forecast talked about price making a retrace to $1.04700 and the price has done that. The retrace happened pretty quickly. Just in two days the price returned and reached that level. On Tuesday the price made a strong bullish...

read more
EURUSD Forecast – $1.04700 Retrace Target

EURUSD Forecast – $1.04700 Retrace Target

EURUSD Analysis TodayPrevious EURUSD forecast talked about price making a breakout from a range that was held inside for two weeks. The price made a breakout on Wednesday after testing the $1.05825 resistance three times. The same day price formed a bearish pin bar...

read more
EURUSD Forecast – Wait for a Breakout

EURUSD Forecast – Wait for a Breakout

EURUSD Analysis TodayPrevious EURUSD forecast talked about price making a retrace to $1.06736 and the price retraced, but only to $1.06410. It was close to the first target, but there is selling pressure on the upper side that is preventing that. If we check the...

read more

0 Comments

Pin It on Pinterest

Shares
Share This