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!