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ForecastCity
Oct 22, 2020 1:55 PM

💡Don't miss the great buy opportunity in NZDCAD Long

FX:NZDCAD240
New Zealand Dollar/Canadian DollarFXCM

Description

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Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.875). 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 66. a

Take Profits:
TP1= @ 0.8790
TP2= @ 0.8825
TP3= @ 0.8862
TP4= @ 0.8940
TP5= @ 0.9010

SL= Break below S2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsNZDCADNZDCADnewzealanddollarcanadiandollar
Comments
Lizabet
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Excellent chart.
ForecastCity
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@Lizabet, Thank you! We hope you enjoy it.
aitazazshah09
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entering
ForecastCity
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@aitazazshah09, Hope you get the most out of it.
Pro_Trader_007
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Excellent analysis. Keep it up 👌
ForecastCity
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@Pro_Trader_007, Thank you!
wulrahmah
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We're likely to see it more to the upside, a reversal seems unlikely.
ForecastCity
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@wulrahmah, Thanks for your comment.
wulrahmah
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@ForecastCity,
ForecastCity
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@wulrahmah, We wish you the bests.
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