Nzdcadbreakout
NZDCAD approaching resistance, look out for potential reversal!
NZDCAD is approaching its resistance at 0.85820 where it is could reverse down to its support at 0.82797.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDCAD--Weekly Market Outlook from 06 to 10 April 2020
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NZDCAD Break&RetestI'm looking into a break and retest for the NZDCAD
Depending on how the market will open we can see a good bullish move until arroun 0.86112, that match with 0.618 FIB, then a bearish until the trendline so we can get a GOOD bullish move.
*Eyes on the graphic*
Best Regard
José Pêssego
NZDCAD sell wag wan trading fam, another short it looks like here. rejection of the 61.8% as well as the descending trend line. SOOOO its looking decent for a short. Watch out for wick fishing up top the 100% and make sure stops are above this. Lets see if we can ride this one down further. Enter upon a 4 hr rejection candle of the purple box shown.
200 PIP GAIN 5/1 RR
NZDCAD approaching support, potential for a bounce!
NZDCAD is expected to drop to 1st support at 0.85166 where it could potentially react off and up to 1st resistance at 0.85343.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.