Get started
francesgurton

NZD/CAD - Short

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
francesgurton  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators NZD CAD NZDCAD LONG short uptrend
11
3
trendanalysis chartpattern indicator nzd cad nzdcad long short uptrend
Possible short opportunity on NZD/CAD.

following a break out from the uptrend, the price has returned with bullish momentum and has now reached an area of resistance.

Following a break in the trend line, bearish rejection at this zone (0.9190), and signals from the MACD and RVI I believe we could see bearish momentum down to support at 0.9050.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.