MattWalz
Short

NZDCAD - SHORT APPROACHING

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
46 0 2
Price has been in a bearish channel since December 2015. After yet another impulse leg in mid-April, price has pulled back and is heading to a high confluence zone that could setup a nice reversal if not broken. After breaking through the 38.2% fibonacci retracement , our eyes are on the 61.8% to offer further resistance.At this price, we also see a horizontal trend line as well as the 200 ema . These 3 factors, along with being at the higher end of the channel and the blue box slowing down and consolidating price in the past, could provide a bounce in price and offer a short back to the 0% fib for a 200 pip profit target.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out