Get started
Pika7993

Straight channel (Support/Resistance) sell

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
Pika7993  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators NZDCAD Relative Strength Index (RSI) support Support and Resistance
3
1
trendanalysis chartpattern indicator nzdcad relativestrengthindex support supportandresistance
As presented in the chart we can legitimize channel trading between .91400 and .92200.

Looking for a pivot under .92200 to retest .91400.

MACD/SIGNAL cross will help push momentum as well push RSI further away from overbought. Stop loss would be a breach and continuation above .92200.

Please comment with thoughts and ideas. Thank you.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.