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ForecastCity_World
Jan 14, 2021 12:28 PM

💡Don't miss the great sell opportunity in NZDCAD Short

FX:NZDCAD240
New Zealand Dollar/Canadian DollarFXCM

Description

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Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.9162).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. NZDCAD is in a downtrend and the continuation of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.

Take Profits:
TP1= @ 0.9075
TP2= @ 0.9034
TP3= @ 0.8979
TP4= @ 0.8902
TP5= @ 0.8746

SL: Break Above R2

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Trade well, ❤️
ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsNZDCADNZDCAD
Comments
slime_fx
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Great stuff
ForecastCity_World
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@slime_fx, Thank you.
Josef_anderson
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I believe that you are anticipating the direction so right. Thanks
ForecastCity_World
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@Josef_anderson, We appreciate your comment🌹
Kristalyn
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I'm in. I enjoy the excellent analysis of yours. Thanks ❤️
ForecastCity_World
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@Kristalyn, We're happy to help! .🌹
Pro_Trader_007
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So you are expecting a bearish movement. Right?
ForecastCity_World
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@Pro_Trader_007, . NZDCAD is in a downtrend and the continuation of downtrend is expected.
Kamryn
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Cheers 👍
ForecastCity_World
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@Kamryn, We appreciate your comment.🌹
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