Forex |nzd/cad| bullish flag breakout follow for more
A short term downward move can be expected in NZDCAD, especially after the big rally because of falling crude oil prices (CAD is heavily reliant on crude oil prices). I feel that some government intervention will happen to cool off such dropping prices, leading to crude oil prices increasing a bit in the short term, thus giving some strength to CAD, which will...
NZDCAD expected to rise up to 1st resistance at 0.84462 where it could potentially react off and drop down to 1st support at 0.83627. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDCAD has done fake breakout near to trendline which means price was unable to break and sustain the trendline. This Week I will be bearish on ***Cad pairs.
NZDCAD Double Top opportunity but it may go up if the above resistance line is broken
SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
NZDCAD going down after hitting the strong resistance at 0.9000
for those following me, you would have made some gains on this one. the expected reversal seems to have now happened. i am expecting this to go up now I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE :)
for those following me, you would have made some gains on this one. the expected reversal seems to have now happened. i am expecting this to go up now I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE :)
for those following me, you would have made some gains on this one. i am expecting this reversal before it jumps back up see previous analysis below like, follow and comment:)
A reversal from NZD/CAD is expected as it's finding support on top of ema's that acted as resitance up to now. We can expect it to move back up and hit the 200 ema area *if the 20 ema on the 12 hour holds as support*. Give it 8 more hours to confirm its strength to reverse.
Strong CAD makes this attractive. Even though the top resistance test only happened within a week and is a falls confirmation, I still think it's worth following and see if the it breaks short below 0.94500.