Spoiler:
On the H1 chart price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
21 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Target: resistent: 0.8313/0.8348
SL: 0.8257
Thread: Nzd/Cad
On the H1 chart price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
21 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Target: resistent: 0.8313/0.8348
SL: 0.8257
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This pair is now moving above its daily pivot level (0.8228), I think it will goes to 0.8251. But if NZDCAD can break the pivot line, then it is possible to fall towards 0.8207
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the combine is moved up to firmly check the resistance on zero. 8390
if it's breaked we will see the combine move up
if this resistance isn't breaked we will see the combine move down to firmly check the 1st support on zero. 8290
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the try and as we will see direct from chart has closed its daily candle higher than the level of 1. 6400, therefore, thats mean the up trend continues to be standing and also the try is heading out to 1. 6430 then 1. 6470
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i think this pair is nearing the top before it will turn back viciously.......from my fibo range this pair already reach the level on daily chart but if the price kept on going up then the next level will be aroud 9000 area...
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Nice big bearish GAP !. And truly .we can search again for sell if then seller can move down again more to that 38.2 fib 0.8205. But, on other look this pair still called a sideways first (as long as the price here still move near that 38.2 fib 0.8205)
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The NFP release effected the pair fall, after a correction up this morning, I guess NZDCAD will continue fall towards 0.8203 and may extends to 0.8181.
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the try is moved up out to take a look at the resistance on zero. 8390
if it's breaked we are able to see the try move up
if this resistance isn't breaked we are able to see the try move down out to take a look at the 1st support on zero. 8290
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
nzdcad pair ne last kuch dino se bahuty zada volatility dikhayi hai aur iske trend ko predict karna kafi mushkil lagta hai
abhi ke hisab se lagta hai ki is pair ko 79.23 ke paas 1 support mila hai jo ki isne break nahi kia hai..isko yaha se buy karke 79.40 pe kata ja sakta hai lekin ispe bahut zada bharosa karna bahut mushkil hai
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
the try is moved up out to check the resistance on zero. 8390
if it's breaked we are able to see the try move up
if this resistance isn't breaked we are able to see the try move down out to check the 1st support on zero. 8290
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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