NZDUSD!! 13/11 sideway first session of the week

⭐️Smart investment, Strong finance

⭐️NZDUSD INFORMATION:
The NZD/USD pair is currently experiencing a losing streak, which has now reached its sixth consecutive session. The negative global economic outlook is having a detrimental effect on the NZD/USD pair. During the Asian hours on Monday, the spot price is trading lower around 0.5890.

The inflation report released by the Reserve Bank of New Zealand (RBNZ) has contributed to the weakening of the NZD/USD pair, particularly because New Zealand relies heavily on exporting commodities. The report indicates a prevailing sentiment that suggests a potential decrease in prices, possibly due to an economic slowdown and reduced demand for goods and services. It appears that this anticipation is paving the way for a shift in the economic landscape.

⭐️Personal comments NOVA:
Sideway narrow price range, scalping profit 40-60 pips in Monday

⭐️SET UP NZDUSD PRICE:

🔥SELL NZDUSD zone: 0.59000 - 0.59100 SL 0.59500
TP1: 0.58700
TP2: 0.58400
TP3: 0.58000

⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.

⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest

Commentaire:

The price is still sideways without much change, about to approach the SELL entry area

Commentaire:

+ 20 pips , wonderfull

Commentaire:

+ 30 pips , great signal SELL