Our free forex signals service trade today is a sell order on the NZD/USD. The pair is looking for a downside after rejecting from the resistance. The NZD/USD pair drops at the time of writing, signaling that the buyers are exhausted after failing to make a new higher high. The price action developed a potential Double Top pattern, indicating a downside reversal. After its amazing growth, a temporary correction is favored. In the short term, the NZD/USD pair rallied after DXY’s sell-off. –Are you interested in learning more about forex bonuses? Check our detailed guide- Fundamentally, the USD is still somehow expected to dominate the currency market as the FED is expected to continue to hike rates. Yesterday, the US economic figures came in mixed. Durable Goods Order and Core Durable Goods Orders came in worse than expected. Still, the Flash Manufacturing PMI and the Flash Services PMI reported better than expected data signaling further expansion in both sectors. Also, the Unemployment Claims indicator was reported at 187K below 210K expected. US Revised UoM Consumer Sentiment Later, the US will release its Revised UoM Consumer Sentiment, which is expected at 59.7 points. In addition, the Revised UoM Inflation Expectations and the Pending Home Sales indicators will be released as well. Technically, the pair failed to stabilize above the R1 (0.6970), signaling exhausted buyers. Personally, I’ve drawn a descending pitchfork, hoping that I’ll catch a new leg down. However, a corrective phase may be activated by staying below the UML and making a valid breakdown below the up trendline. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Free forex signals – Sell NZD/USD at 0.6949 Free forex signals entry price and take-profit Instrument: NZD/USD Order Type: SELL STOP Entry price: 0.6949 Stop Loss: 0.6993 TP1: 0.6821 My Risk: 1% Risk / Reward Ratio: 1:2.9 Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Forex Trading Signals share Read Next EUR/USD Weekly Forecast: Fed Hawks, Sentiment to Keep Below 1.1000 Saqib Iqbal 8 months Our free forex signals service trade today is a sell order on the NZD/USD. The pair is looking for a downside after rejecting from the resistance. The NZD/USD pair drops at the time of writing, signaling that the buyers are exhausted after failing to make a new higher high. The price action developed a potential Double Top pattern, indicating a downside reversal. After its amazing growth, a temporary correction is favored. In the short term, the NZD/USD pair rallied after DXY’s sell-off. -Are you interested in learning more about forex bonuses? Check our detailed guide- Fundamentally, the USD is still… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
