NZDCAD Potential downsidesHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83800 zone, NZDCAD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.83800 support and resistance zone. I would also keep an eye on the stock market to confirm the bias as NZDCAD has a positive correlation with indices.
Trade safe, Joe.
NZD-CAD-SELL
NZDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.85300 zone, NZDCAD is trading in a downtrend and currently in a correction phase in which it is approaching the major trend at 0.85300 support and resistance zone.
Trade safe, Joe.
NZDCAD Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.842 zone, NZDCAD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction to see a potential retrace from 0.842 support and resistance zone. i would also keep an eye on the indices to confirm the bias as NZDCAD does correlate positively with indices.
Trade safe, Joe.
NZDCAD Potential DownsidesHey Traders, in the coming week we are monitoring NZDCAD for a selling opportunity around 0.85200 zone, NZDCAD is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.85200 support and resistance zone. i would also keep an eye on the stock market as NZDCAD does correlate positively with the American indices.
Trade safe, Joe.
NZDCAD Potential downsidesHey Traders, as the stock market shows some downsides NZDCAD shorts is one of the pairs i would consider shorting due to the positive correlation between the two.
Technically we have noticed that NZDCAD is trading in a down trend, and extending pullbacks are approaching the major one so i will be watching a potential selling opportunity around 0.859 supply and demand zone of the trend.
Trade safe, Joe.