ForecastCity_ME
Short

Don't miss the great sell opportunity in NZDCAD

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.895). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40 .

Take Profits:
TP1= @ 0.8858
TP2= @ 0.8795
TP3= @ 0.8745
TP4= @ 0.8685
TP5= @ 0.8590

SL: Break Above R2

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ForecastCity English Support Team ❤️
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Comments

Thanks a bunch!
+1 Reply
@Sir_Ray, You're most welcome!
Reply
I think I'm gonna trade this one, thank you for sharing.
+1 Reply
ForecastCity_ME Josef_anderson
@Josef_anderson, Happy to help!
Reply
Thank you for being such a great forecaster.
+1 Reply
@Kamryn, Thank you for sharing your feedback
Reply
Thank you!
+1 Reply
@Kristalyn, You're very welcome!
Reply
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