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Candlestick charts are the most common chart types used by retail traders and investors. There are many other types of charts such as line charts, bar charts etc., but they don’t tell the story of past price action like candlestick indicator patterns do. When active trading is based solely upon technical analysis, projecting future price action is rooted in how the price has behaved in the past
Candlestick analysis is a very useful form of technical analysis. It works almost perfectly in volatile times but also functions adequately in less volatile times. All in all, candlesticks, as well as candlestick trading, works fairly well in isolation or when combined with one or two other indicators
Candlesticks represent fluctuations in price for a certain period of time. Durations may be as little as one minute or as large as a week or month. The body of the candlestick is the price difference between the opening and the closing time. The two vertical lines on each side, which are called shadows or wicks, display the highest and the lowest point of the price for that period of time
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Forex Forecast with price level
NZD/USD - pair in focus.
Current Price - 0.6008
main support level - 0.6001
main resistance level - 0.6015
Pair likely to be in Sell today.
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NZD/USD - currency Trade pair.
Today forex signal - Buy
Support 3 - Support 2 - Support 1.
0.5968 - 0.5984 - 0.5999
Resistance 1 - Resistance 2 - Resistance 3.
0.6030 - 0.6046 - 0.6062
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
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Forex forum is the good forum in the world. It provide us facility to earn good profit by trading on it.
I have also use this forum for invest money and make trading to earn good profit.
I have used to indicators RSI and Zigzag for signal of trading then I have made trading and earn good profit.
Note:Always Follow the making experienced with others having great knowledge about trading.
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Nzd/Usd
we predict future values with technical analysis for wide selection of Forex (Foreign Exchange) pairs like NZD to USD . If you are looking for foreign exchange rates with good return, NZD to USD can be a bad, high-risk 1-year investment option. NZD/USD rate equal to 0.6021 at 2020-04-09, but your current investment may be devalued in the future.
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dear all member of Indian Forum, today I will discuss about my analysis
this pair maybe can move towards to top and continue the bullish trend
Exponential Moving Average (18) : UP
Simple Moving Average (22) : UP
Exponential Moving Average (38) : UP
Exponential Moving Average (65) UP
Relative Strength Index (RSI) also Trend is Up.
Moving Average Convergence Divergence (MACD) trend is neutral.
Parabolic Stop and Reverse (SAR) Up.
So I suggest this pair show BULLISH TREND
please avoid using big lot for your trade because this business is very dangerous. forex traders need to develop their own trading strategies and have to trade with the right knowledge and skills, this is a great place to make money and we can make very large amounts of money without limits if we can trade properly knowledge and experience, anything can happen in forex market. good luck to your trading my friend
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Pivot, Resistance Levels and Support Levels for NZD / USD
For Stop Loss and Trading Targets
Calculation For Trading:
Resistance Level (R3): 0.613
Resistance Level (R2): 0.6079
Resistance Level (R1): 0.6049
Pivot Point: 0.600
Support Level (S1): 0.597
Support Level (S2): 0.591
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I am guided by indicators Stochasis (7,5,3) which break high and fibbo indicator trend down and assuming that there are several possible markets trend is overbought then I will use the trapping strategy with market position BUY I predict this pair have bullish direction
I suggest to take LONG position today
time frame that is considered while making support and resistance levels – use Daily and Weekly time frame, consider the daily economic news before taking the trade.
money management is very effective for getting profits with stop loss and take profits method with current trading position.
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Today market analysis and trend:sell
Indicators and Moving average market ke down hony ka bata rahe hain
Resistance and Support points se bhi market down hoti nazar a ri hai
Hamain sell main trade lagani chahiye
BesT Of LucK
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Forex forum is the good forum in the world. It provide us facility to earn good profit by trading on it.
I have also use this forum for invest money and make trading to earn good profit.
I have used to indicators RSI and Zigzag for signal of trading then I have made trading and earn good profit.
Note:Always Follow the making experienced with others having great knowledge about trading.