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Nzd-cad

NZDCAD: Sell opportunity within a 6 month Channel Down.The pair is trading within a 1W Channel Down (RSI = 37.641, MACD = 0.014, Highs/Lows = -0.0048) since the end of March 2019. The pattern has provided clear Lower Highs (to short) and Lower Lows (to long). At the moment the price is rebounding off a Lower Low on a bullish 1D RSI sequence. Last time this 1D sequence took place within the Channel Down was in May and followed with a marginal cross above the 1D MA50 (light blue trend line) as it priced the Lower High. We expect a similar price action this time as well, so be ready to short the cross with a potential Target Zone of 0.81000 - 0.82000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
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
2
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
8