SubscribeThe data comes on the heels of a stronger than expected CPI print earlier in the week which saw interest rate expectations from the Bank of Canada climb.
Thread: Nzd/Cad
The data comes on the heels of a stronger than expected CPI print earlier in the week which saw interest rate expectations from the Bank of Canada climb.
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Malik1122 (2020-03-26), Muhammad Muhammad (2020-02-28), Tilla420 (2020-08-11), zainm6050 (2019-03-18)
the chart is showing that he pair has succeeded in breaking the level of 0.8200 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 0.8270 and then 0.8300
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0307148 (2020-03-27), Abubakar 148 (2020-08-14), Malik1122 (2020-03-26), Muhammad Muhammad (2020-02-28), Tilla420 (2020-08-06), zainm6050 (2019-03-18)
It is more likely to go down to around 0.8192 or lower, and after that, it might have potentially to go up. We prefer to sell
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Malik1122 (2020-03-26), Muhammad Muhammad (2020-02-28), Tilla420 (2020-08-06), zainm6050 (2019-03-18)
If a M15 close above 0.8300 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8150 sell only and do not buy. If price closes back above it again do nothing
The range 0.8300 and 0.8150 is neutral area, any trade done in between is personal decision and not part of this analysis
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Abubakar 148 (2020-05-14), Malik1122 (2020-03-26), Muhammad Muhammad (2020-02-28), Sadi (2020-02-02), suchin12 (2020-02-16), Tilla420 (2020-08-06), zainm6050 (2019-03-18)
the chart is showing that the pair has closed it's daily daily under the level of 0.8200 , and that's mean that the down trend is still standing and the pair might reach 0.8120 and then 0.8100
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Abubakar 148 (2020-05-12), Malik1122 (2020-03-26), Muhammad Muhammad (2020-02-28), Sadi (2020-02-01), suchin12 (2020-02-16), Tilla420 (2020-08-06), zainm6050 (2019-03-18)
as we can see the weekly chart the pair succeded to close under strong up trend with good bearish candle. i think it should go more down to test the level of 0.79500. if it can close under it then more down expected. and do not forget that all this can happen with some correction .
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Muhammad Muhammad (2020-02-28), zainm6050 (2019-03-18)
NZD/CAD reversed sharply after the opening bell at Wall Street and tumbled from 0.8220 to 0.8135, where weekly lows lie.
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Muhammad Muhammad (2020-02-28), zainm6050 (2019-03-18)
we take into account recent economic data, noting the ascending channel formation dating back to June 14th as the pair ranges between the 76.4% and 100% long-term Fibonacci extensions taken from the June 9th 2010 and March 17th 2011 troughs.
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Muhammad Muhammad (2020-02-28), zainm6050 (2019-03-18)
If a M15 close above 0.8300 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8100 sell only and do not buy. If price closes back above it again do nothing
The range 0.8300 and 0.8100 is neutral area, any trade done in between is personal decision and not part of this analysis
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.
Muhammad Muhammad (2020-02-28), zainm6050 (2019-03-18)
the pair and as we can see from the chart has closed it's weekly candle under the level of 0.8100 , so , that's mean the down trend is still standing and the pair is heading to 0.8000 then 0.9900
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.
Muhammad Muhammad (2020-02-28), zainm6050 (2019-03-18)
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