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ForecastCity
Aug 2, 2020 4:57 PM

Don't miss the great sell opportunity in NZDCADΒ Short

New Zealand Dollar/Canadian DollarFXCM

Description

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Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.895). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.

Take Profits:
TP1= @ 0.8858
TP2= @ 0.8795
TP3= @ 0.8745
TP4= @ 0.8685
TP5= @ 0.8590

SL: Break Above R2

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Comments
fxniki
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I believe I can make a good profit out of this idea. Thanks πŸ’―πŸ’―
ForecastCity
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@fxniki, It's so great. πŸ’ŽπŸ™πŸ’Ž
Mehmetozdemi
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nice chart and Analysis
ForecastCity
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@Mehmetozdemi, Thanks for your kind comment. πŸ’ŽπŸ™πŸ’Ž
sara-kian-fx
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Wow, perfect analysis.Thanks man.
ForecastCity
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@sara-kian-fx, You're welcome. we hope you enjoy it.
Sir_Ray
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Thank you for sharing!
ForecastCity
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@Sir_Ray, You're very welcome!
Kamryn
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You’re wonderful.
ForecastCity
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@Kamryn, Thanks! We appreciate your comment
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