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CANADIAN DOLLAR / NEW ZEALAND DOLLAR

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Trade ideas

Don't miss the great sell opportunity in NZDCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.8495). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 32. Take Profits: TP1= @ 0.8425 TP2= @ 0.8345 TP3= @ 0.8245 SL: Break Above R2
Short
by ForecastCity_EU
2
Don't miss the great buy opportunity in NZDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8501). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 77. Take Profits: TP1= @ 0.8645 TP2= @ 0.8790 TP3= @ 0.8905 SL= Break below S2
Long
by ForecastCity_EU
1
Don't miss the great buy opportunity in NZDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8360). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 0.8437 TP2= @ 0.8497 TP3= @ 0.8645 SL= Break below S2
Long
by ForecastCity_EU