Breaking News

NZD/CAD Potential Upward Movement

NZD/CAD Long-Term Trend: Bullish

Key Resistance Levels: 0.8747, 0.8786, 0.8800

Key Support Levels: 0.8689, 0.8635, 0.8600

Daily Chart:

The price was in a downtrend where it posted lower lows and highs before managing to reverse once it reached the 0.8635 USD mark. This led to a move to the upside where we expect a change in the direction of the main trend.

NZD/CAD Medium-Term Trend: Bullish

1-hour Chart:

On the lower time frame, the price succeeded to break the bearish channel to the upside. Now it is holding around a strong support where we expect a move to the upside all the way to our target profit which is 0.8747 USD level.

Signal Idea:

Buy Market Order @ 0.8708

TP 1 @ 0.8747

TP 2 @ 0.8786

Stop Loss @ 0.86896

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

2 comments

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!






Free Robot!