FX.co ★ BOHOTTO | NZD/USD

Trading journal Saturday, December 21, 2024 NZDUSD Assalamu'alaikum fellow fighters throughout Indonesia. How about the trading results in a week? Hopefully all forum members get satisfactory profits. This Saturday I will update the trading journal to see the projection of the next journey in the forex market. Prediction of the journey of the NzdUsd pair Today I will analyze the NzdUsd pair which might be a trading choice for next week. In the early trading session last month, the market still seemed to show a price condition that was trying to rise so that the increase had been able to reach the price position of 0.5787, the price position had tried to rise to approach the simple moving average zone of period 100 which is a signal that the market is running with a correction from the bearish trend. However, this week the price seems unable to rise again, the candlestick has fallen very deeply again and the bearish price journey has occurred until the end of the week. The results of monitoring the graph in the 4-hour time frame show that the market conditions at the beginning of the week started the journey from the price position of 0.5758 which was still controlled by sellers so that the price moved in a bearish rally. Until the trading period last Friday night, the downward trend got a correction attempt in a range that was not much. After navigating the market in the past few days, it is very clear that the journey of the past week tends to be dominated by bearish candlesticks. When the journal was updated, the market was closed due to a weekend holiday, the price position temporarily stopped at 0.5649. Sellers still seem to have a strong influence so that they can lower prices further away from the opening position at the beginning of the week. From the benchmark of the situation this week, the price trend of the NzdUsd pair next week I predict will be able to continue the bearish situation. It is possible that the price could go down to a lower zone. There are indications that the seller seems to still be able to control the market because if you look at the past few days, it seems that the buyer's efforts to increase prices have not been strong enough so that the candlestick has rallied below the opening position of the market last week. In last night's trading, the journey seemed to have decreased very sharply, it is possible that this condition will continue next week. This morning's candlestick closed its position having fallen below the 100-period moving average zone as a signal indicating that the market trend still has the opportunity to continue bearish. Transaction Options: - Sell in the 0.5639 area, Take Profit: 0.5796, Stop Loss: 0.5672 NzdUsd Chart: