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ForecastCity
Jun 7, 2021 12:20 PM

πŸ’‘Don't miss the great buy opportunity in NZDCADΒ Long

New Zealand Dollar/Canadian DollarFXCM

Description

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Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8687).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65.

Take Profits:
TP1= @ 0.8736
TP2= @ 0.8769
TP3= @ 0.8797
TP4= @ 0.8816
TP5= @ 0.8851

SL= Break below S2

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Comments
Megan_forex
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Clear, and detailed analysis. πŸ‘ Thanks!
ForecastCity
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@Megan_forex, You're very welcome!Thank you for your comment.
carefulOwl22772
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Clear analysis.πŸ‘
ForecastCity
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@carefulOwl22772, Thank you for your comment. We appreciate it.
Mehmetozdemi
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Thank you for this nice idea.
ForecastCity
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@Mehmetozdemi, You're very welcome! We hope you enjoy it.
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