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ForecastCity_EU
Apr 17, 2020 1:49 PM

Don't miss the great buy opportunity in NZDCAD Long

New Zealand Dollar/Canadian DollarFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8443). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 58.

Take Profits:
TP1= @ 0.8555
TP2= @ 0.8684
TP3= @ 0.8798

SL= Break below S2
Comments
sohaibfx
Amazing! H&S pattern, TP to the top level of the structure.
Best_Forecast
I think that continuation of uptrend should be expected.
Best_Forecast
I have the same view about this chart.
Kristalyn
I almost agree with this TA.
Kamryn
Great analyse!
Forecast_Crypto
Very thoughtful, Thank You for sharing!
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