ggcforex
Short

NZDCAD-Stalking TrendChange- Short

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
18 0 1
Without factoring OPEC/Oil issues, pure technical analysis of the the NZDCAD             indicates on the weekly; that this pair is ready to rollover- to the short side. Price Efficiency Factor indicator has turned downward on weekly 2 days in a row. This pair has not turned short on the weekly since April 2016.

The daily chart shows price entering into a range on the ( MAADX- Moving averages and ADX ); however momentum has already turned to the downside for this pair on the daily as well. So I will be monitoring a possible long term short trade based on the following: 1) Turn of MAADX to red on the daily chart , 2) A sustained break of support at 0.92811. In the short term, a break of current support at 0.94003 will accelerate this move. Price can drop to as low as 0.9049 on a fall through.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out