Header Ad

Trading forecast for the New Zealand dollar for the next week


Friends, I present to your attention the trading forecast for the New Zealand dollar for the next week.

On Monday, during the opening of trading on the Forex market, I am going to sell the NZD / USD currency pair, because on the four-hour chart, the price is in a downtrend.

And on the hourly chart, several factors appeared, indicating a possible decline in the pair:

  • bearish divergence .;
  • bearish engulfing;
  • “Wedge” reversal pattern.

Parameters of a trade to sell the “New Zealand Dollar – US Dollar” currency pair:

  • sell – at the current price (provided that there is no significant gap during the market opening);
  • take profit – 0.6920 (5 points higher than the support 0.6915);
  • stop loss – 0.7010.

Everyone has a good rest and gain strength for fruitful work next week!


An interactive magazine for Forex traders. Here you will find the latest relevant news, examples of successful transactions and unsuccessful investments. Our journal contains a daily report of the trade of our specialists on the Forex exchange.

Forgot Password