This is our NZD/USD Daily Price Forecast for 1st April 2020.
This trade idea was generated by our powerful Elite Swing Trader System on an H4 time frame.
EUR/GBP Daily Price Forecast – 31st March 2020
The chart shows that the price after being bearish had a bounce at the level of 0.88725. It produced an inside bar bullish candle and pushed the price towards the North. The price had a rejection at the level of 0.89465 and produced a Doji candle. If the price heads towards the South and makes a breakout at the level of 0.88725, the sellers may trigger a short entry to grab some green pips. Let us have a look at the summary of the trade…
- Sell Stop: 0.88635
- Stop Loss: 0.89833
- Take Profit: 0.87663
Tip of the Day: Since the daily chart shows that, the nearest level of support is quite a distance, the H4 sellers may consider taking a partial profit at the take profit level. The price may head towards the level of 0.85470. Eventually, it may even go up to the level of 0.83000. It would take time but the way it has been heading towards the South, it is very much on the card.
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The post NZD/USD Daily Price Forecast – 1st April 2020 appeared first on Advanced Forex Strategies.
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