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NZD/USD is rising for the third straight day on Wednesday.
US Dollar Index remains depressed following Tuesday's sharp fall.
FOMC's Meeting Minutes is not expected to provide any fresh insights into policy outlook.
The NZD/USD pair gained 30 pips on Tuesday and continued to push higher on Wednesday. As of writing, the pair was trading at its highest level since August 7th at 0.6648, gaining 0.74% on a daily basis
Currently monitoring what appears to be a typical market market move.
Price is currently trapped in a range and created a double top.
As retail traders we taught to trade certain patterns and the market maker uses this knowledge to create liquidity
When retail traders saw the double top they started selling, price the spiked out of the contraction to the downside inducing more selling from breakout traders, some sell traders will be in profit for a moment.
The market maker will drive price up ,in the process turning the sell positions into buys and inducing breakout traders to buy even more in this process they will create enough liquidity to fill there sell orders.
I expect price to move into the area marked supply then we will wait for our confirmation to sell and ride the wave with the market maker.
Today market trend is: ßearish ßuy
Market ki moving average aur indicators ko dekh kar market ke ßuy ke chance zyada hain
Resistance points and Support points bhi strong ßuy ke signal de rahe hain
Hamain apne ap par confidence rakh kar trading karni chahiye aur forex trading ke mutaliq knowledge and experience hasil karna chahiye
Agar ap forex trading main successful trader ban'na chahte hain to hardworking karen aur knowledge and experience hasil karen
"Best"
Today market trend is: ßearish ßuy
Market ki moving average aur indicators ko dekh kar market ke ßuy ke chance zyada hain
Resistance points and Support points bhi strong ßuy ke signal de rahe hain
Hamain apne ap par confidence rakh kar trading karni chahiye aur forex trading ke mutaliq knowledge and experience hasil karna chahiye
Agar ap forex trading main successful trader ban'na chahte hain to hardworking karen aur knowledge and experience hasil karen
"Best"
NZD/USD eases from one-week high to attack the intraday low.
50-day SMA, area comprising multiple levels since late-June on the sellers’ radar.
The monthly resistance line adds to the upside barriers.
Following its failures to rise past-0.6616, NZD/USD seesaws around 0.6600 during the early Wednesday. The kiwi pair earlier surged to the highest since August 11 but failed to cross 21-day SMA for the second time in the current month.
The pullback moves tack bearish MACD signals to suggest further weakness towards a 50-day SMA level of 0.6550. However, a horizontal area comprising June 23 high and multiple lows marked afterward, around 0.6535/20, could challenge the bears then after
A decisive move clear of 0.7240 would be the latest bull move that would open 0.7295 and 0.7395 which are. Momentum indicators are swinging higher in positive configuration with upside potential, all suggesting that intraday weakness is a chance to buy.
Regards
I.A
Discussion of this pair in my opinion that market can be move to the bullish trend, as looking forward to the open trade, and I prefer the first option of sell it .
If we seems that closing graph of this pair its overall trend show us buy, and moving average is looking strong up side ,I think it can little bit move up but looking world's situation by Covide,19 it can be move to the down side ,so my suggestions are to sell here ,
If you like & agree
Market trand sell.
pair sell ka ban gya hai market kafi up hoii hai and ab
down ki traf movement kar rahi hai so main ye suggest karun ga k humain
trade sell ki laga deni chahie ye humary lie kafi faidy mand sabit ho sakti
hai or last 8 hrs ka chart dekha jaye to saaf pata chalta hai
market up ho k ab down ki traf movement kar rahi hai Good Luck.
Discussion of this pair in my opinion that market can be move to the bullish trend, as looking forward to the open trade, and I prefer the first option of sell it .
If we seems that closing graph of this pair its overall trend show us buy, and moving average is looking strong up side ,I think it can little bit move up but looking world's situation by Covide,19 it can be move to the down side ,so my suggestions are to sell here ,
If you like & agree
Today Market trend:sell
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye