Weekly NZDCAD Technical Analysis and Forecast - Forex

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Weekly forecast New Zealand Dollar / Canadian Dollar technical chart

Symbol

NZDCAD

Download MT4 template file

Trade Setup

#NZDCAD
Total Profit: 648 pip
Closed trade(s): 63 pip Profit
Open trade(s): 585 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.8397 (day close price) based on 'Hammer' at 2019.08.30 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/N...

Closed Profit:
TP1 @ 0.8460 touched at 2019.09.04 with 63 pip Profit.

Open Profit:
Profit for one trade is 0.8462(current price) - 0.8397(open price) = 65 pip
9 trade(s) still open, therefore total profit for open trade(s) is 65 x 9 = 585 pip

Trading suggestion:

We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

Date September 7, 2019 - 21:36

Current range bound

Forecast beginning of uptrend

Midterm forecast:

While the price is above the support 0.82850, beginning of uptrend is expected.
We make sure when the resistance at 0.86850 breaks.
If the support at 0.82850 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

A trough is formed in daily chart at 0.8345 on 08/30/2019, so more gains to resistance(s) 0.8530, 0.8620 and maximum to Major Resistance (0.8685) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 43.

Take Profits:

0.8460
- Resistance on 09/04/2019
- Support on 08/26/2019
- Support on 08/23/2019
- Support on 08/22/2019
- Support on 10/24/2018
- Support on 10/15/2018
- Support on 10/12/2018
- Support on 10/01/2018
- Support on 10/02/2015
- Resistance on 09/24/2015
- Resistance on 09/21/2015
- Resistance on 09/18/2015
- Resistance on 09/03/2015
- Resistance on 09/02/2015
- Support on 08/24/2015
- Resistance on 07/07/2015
- Resistance on 07/06/2015
- Support on 06/19/2015
- Support on 06/18/2015
- Support on 09/18/2013
- Resistance on 05/29/2013
- Resistance on 05/10/2013
- Support on 05/07/2013
- Support on 03/21/2013
- Support on 03/12/2013
- Support on 03/01/2013
- Support on 02/28/2013
- Support on 02/27/2013
- Support on 02/26/2013
- Support on 02/14/2013
- Resistance on 02/12/2013
- Resistance on 02/04/2013
- Resistance on 02/01/2013
- Resistance on 01/25/2013
- Resistance on 07/24/2007
- Resistance on 04/18/2007
0.8530
- Resistance on 08/23/2019
- Support on 08/20/2019
- Support on 08/19/2019
- Support on 08/12/2019
- Support on 08/09/2019
- Support on 08/07/2019
- Support on 10/19/2018
- Resistance on 10/17/2018
- Resistance on 10/16/2018
- Resistance on 10/15/2018
- Resistance on 10/01/2018
- Support on 09/28/2018
- Support on 09/20/2018
- Support on 09/19/2018
- Support on 09/18/2018
- Support on 09/17/2018
- Resistance on 10/06/2015
- Resistance on 10/05/2015
- Resistance on 10/02/2015
- Resistance on 10/01/2015
- Resistance on 09/30/2015
- Resistance on 09/29/2015
- Resistance on 09/28/2015
- Support on 08/27/2015
- Support on 08/26/2015
- Support on 08/25/2015
- Support on 08/24/2015
- Support on 08/14/2015
- Support on 08/13/2015
- Support on 08/12/2015
- Support on 08/11/2015
- Support on 07/31/2015
- Resistance on 07/20/2015
- Resistance on 07/16/2015
- Resistance on 07/13/2015
- Resistance on 06/25/2015
- Resistance on 06/24/2015
- Support on 06/17/2015
- Support on 10/08/2013
- Support on 10/07/2013
- Support on 10/02/2013
- Support on 09/30/2013
- Support on 09/19/2013
- Support on 05/02/2013
0.8620
- Support on 08/02/2019
- Support on 07/10/2019
- Trough on 07/10/2019
- Resistance on 10/31/2018
- Resistance on 10/30/2018
- Support on 09/27/2018
- Resistance on 09/25/2018
- Resistance on 09/24/2018
- Resistance on 09/20/2018
- Support on 09/05/2018
- Support on 09/04/2018
- Support on 09/03/2018
- Support on 08/30/2018
- Support on 08/16/2018
- Resistance on 08/15/2018
- Support on 08/10/2018
- Support on 08/09/2018
- Support on 11/16/2015
- Support on 11/04/2015
- Support on 10/14/2015
- Support on 10/13/2015
- Support on 10/08/2015
- Resistance on 08/18/2015
- Resistance on 08/17/2015
- Resistance on 08/12/2015
- Resistance on 08/11/2015
- Resistance on 08/06/2015
- Resistance on 07/27/2015
- Resistance on 07/24/2015
- Resistance on 07/23/2015
- Resistance on 07/21/2015
- Support on 09/29/2014
0.8685
- Resistance on 08/07/2019
- Resistance on 08/06/2019
- Support on 07/12/2019
- Support on 07/11/2019
- Support on 06/14/2019
- Support on 05/22/2019
- Resistance on 09/27/2018
- Resistance on 09/26/2018
- Resistance on 09/06/2018
- Resistance on 09/05/2018
- Resistance on 08/29/2018
- Resistance on 08/28/2018
- Resistance on 08/17/2018
- Resistance on 08/16/2018
- Support on 12/05/2017
- Support on 12/04/2017
- Support on 11/20/2017
- Support on 11/17/2017
- Support on 10/25/2017
- Support on 05/26/2016
- Support on 11/24/2015
- Support on 11/23/2015
- Support on 11/13/2015
- Support on 11/12/2015
- Support on 11/03/2015
- Resistance on 10/09/2015
- Resistance on 10/08/2015
- Resistance on 08/26/2015
- Resistance on 08/25/2015
- Resistance on 08/20/2015
- Resistance on 08/19/2015
- Resistance on 08/10/2015
- Resistance on 08/04/2015
- Resistance on 08/03/2015
- Resistance on 07/29/2015
- Resistance on 07/28/2015
- Resistance on 07/23/2015
- Support on 10/29/2014
- Support on 10/06/2014
- Support on 10/02/2014
- Support on 10/01/2014
- Support on 01/02/2014
- Support on 12/27/2013
- Support on 12/24/2013
- Support on 12/23/2013
- Support on 12/06/2013
- Support on 12/05/2013
- Support on 12/03/2013
0.8890
- Resistance on 07/22/2019
- Peak on 07/22/2019
- Resistance on 06/06/2019
- Resistance on 06/05/2019
- Resistance on 05/10/2019
- Resistance on 05/09/2019
- Support on 05/07/2019
- Support on 05/06/2019
- Support on 05/02/2019
- Support on 05/01/2019
- Support on 04/25/2019
- Support on 04/24/2019
- Support on 04/23/2019
- Resistance on 11/12/2018
- Resistance on 07/31/2018
- Resistance on 07/30/2018
- Support on 07/17/2018
- Support on 07/16/2018
- Support on 07/13/2018
- Support on 07/12/2018
- Support on 07/11/2018
- Support on 01/09/2018
- Support on 01/05/2018
- Support on 12/29/2017
- Support on 12/28/2017
- Resistance on 12/11/2017
- Resistance on 11/29/2017
- Resistance on 11/28/2017
- Resistance on 11/03/2017
- Resistance on 11/02/2017
- Resistance on 11/01/2017
- Resistance on 10/31/2017
- Resistance on 10/12/2017
- Support on 09/27/2017
- Support on 09/26/2017
- Resistance on 09/13/2017
- Resistance on 09/12/2017
- Resistance on 05/24/2016
- Resistance on 05/23/2016
- Resistance on 05/20/2016
- Resistance on 04/15/2016
- Support on 04/07/2016
- Support on 04/05/2016
- Resistance on 03/28/2016
- Resistance on 03/25/2016
- Resistance on 03/24/2016
- Resistance on 03/18/2016
- Resistance on 03/17/2016
- Resistance on 03/16/2016
- Support on 03/11/2016
- Support on 02/29/2016
- Support on 12/04/2015
- Resistance on 10/23/2015
- Resistance on 10/22/2015
- Resistance on 10/20/2015
- Resistance on 10/15/2015
- Resistance on 06/01/2015
- Support on 05/20/2015
- Resistance on 12/04/2014
- Support on 12/02/2014
- Support on 11/28/2014
- Support on 11/20/2014
- Support on 11/19/2014
- Support on 11/14/2014
- Support on 11/13/2014
0.9060
- Resistance on 04/16/2019
- Resistance on 04/04/2019
- Resistance on 04/03/2019
- Resistance on 04/02/2019
- Support on 03/06/2019
- Resistance on 02/21/2019
- Resistance on 02/06/2019
- Resistance on 02/05/2019
- Resistance on 01/28/2019
- Resistance on 01/25/2019
- Resistance on 01/24/2019
- Resistance on 01/23/2019
- Resistance on 01/16/2019
- Resistance on 11/21/2018
- Resistance on 11/16/2018
- Resistance on 06/28/2018
- Resistance on 05/30/2018
- Resistance on 05/08/2018
- Resistance on 05/04/2018
- Resistance on 05/03/2018
- Support on 04/27/2018
- Support on 04/26/2018
- Support on 02/08/2018
- Support on 02/07/2018
- Support on 02/05/2018
- Support on 02/02/2018
- Support on 02/01/2018
- Resistance on 01/18/2018
- Resistance on 01/17/2018
- Resistance on 09/29/2017
- Resistance on 09/22/2017
- Support on 08/30/2017
- Support on 08/29/2017
- Support on 08/23/2017
- Support on 06/24/2016
- Support on 06/20/2016
- Support on 06/17/2016
- Resistance on 06/14/2016
- Resistance on 06/10/2016
- Resistance on 06/09/2016
- Resistance on 03/30/2016
- Resistance on 03/09/2016
- Resistance on 03/08/2016
- Resistance on 03/07/2016
- Resistance on 03/03/2016
- Support on 02/18/2016
- Support on 02/17/2016
- Support on 02/16/2016
- Support on 02/02/2016
- Support on 01/28/2016
- Support on 01/27/2016
- Resistance on 05/28/2015
- Support on 05/05/2015
- Support on 02/04/2015
- Support on 02/03/2015
- Resistance on 01/05/2015
- Resistance on 12/29/2014
- Resistance on 12/19/2014
- Resistance on 09/15/2014
- Resistance on 09/10/2014
- Support on 09/03/2014
- Support on 09/02/2014
- Support on 09/01/2014
- Support on 08/29/2014
- Support on 08/27/2014
- Support on 02/19/2014
0.9260
- Resistance on 12/06/2018
- Resistance on 04/19/2018
- Resistance on 04/18/2018
- Resistance on 04/17/2018
- Support on 04/13/2018
- Support on 04/06/2018
- Support on 04/05/2018
- Resistance on 02/28/2018
- Resistance on 02/27/2018
- Resistance on 02/26/2018
- Resistance on 02/15/2018
- Resistance on 08/18/2017
- Support on 08/11/2017
- Support on 08/10/2017
- Support on 07/25/2017
- Support on 07/20/2017
- Support on 07/19/2017
- Support on 07/18/2017
- Support on 07/17/2017
- Support on 07/14/2017
- Support on 04/11/2017
- Support on 01/05/2017
- Support on 01/04/2017
- Support on 01/03/2017
- Support on 01/02/2017
- Support on 12/16/2016
- Support on 07/14/2016
- Resistance on 07/01/2016
- Resistance on 06/30/2016
- Resistance on 06/29/2016
- Resistance on 06/27/2016
- Resistance on 06/24/2016
- Resistance on 06/23/2016
- Support on 02/11/2016
- Resistance on 02/05/2016
- Resistance on 02/04/2016
- Resistance on 02/03/2016
- Support on 01/21/2016
- Support on 01/20/2016
- Support on 01/15/2016
- Support on 01/14/2016
- Support on 01/11/2016
- Support on 01/08/2016
- Support on 12/16/2015
- Support on 03/12/2015
- Support on 03/09/2015
- Resistance on 02/09/2015
- Resistance on 02/06/2015
- Resistance on 02/02/2015
- Resistance on 01/28/2015
- Resistance on 01/27/2015
- Resistance on 01/26/2015
- Resistance on 01/14/2015
- Resistance on 01/08/2015
- Resistance on 08/15/2014
- Resistance on 08/14/2014
- Support on 08/05/2014
- Support on 08/01/2014
- Resistance on 07/30/2014
- Resistance on 07/28/2014
- Resistance on 07/25/2014
- Support on 06/12/2014
- Support on 05/27/2014
- Support on 05/26/2014
- Support on 03/04/2014
- Support on 02/28/2014
- Resistance on 02/26/2014
- Resistance on 02/21/2014
- Resistance on 01/29/2014
- Resistance on 01/28/2014
- Resistance on 01/23/2014
0.9515
- Resistance on 03/15/2018
- Peak on 03/15/2018
- Resistance on 03/14/2018
- Support on 06/01/2017
- Resistance on 05/29/2017
- Resistance on 05/26/2017
- Resistance on 05/24/2017
- Resistance on 05/10/2017
- Resistance on 05/05/2017
- Resistance on 05/03/2017
- Resistance on 05/02/2017
- Resistance on 03/02/2017
- Resistance on 02/02/2017
- Resistance on 12/08/2016
- Resistance on 12/06/2016
- Resistance on 12/01/2016
- Resistance on 11/28/2016
- Resistance on 10/20/2016
- Resistance on 10/10/2016
- Resistance on 10/05/2016
- Support on 10/03/2016
- Support on 09/30/2016
- Support on 09/29/2016
- Support on 09/28/2016
- Support on 09/26/2016
- Support on 09/23/2016
- Support on 09/22/2016
- Support on 09/14/2016
- Support on 09/09/2016
- Support on 09/07/2016
- Resistance on 09/05/2016
- Resistance on 08/31/2016
- Resistance on 08/11/2016
- Resistance on 07/13/2016
- Resistance on 07/12/2016
- Resistance on 07/11/2016
- Resistance on 12/31/2015
- Resistance on 12/30/2015
- Resistance on 12/22/2015
- Resistance on 04/10/2015
- Resistance on 04/09/2015
- Resistance on 04/06/2015
- Resistance on 03/31/2015
- Resistance on 03/20/2015
- Resistance on 03/04/2015
- Resistance on 05/05/2014
- Resistance on 05/02/2014
- Resistance on 04/24/2014
- Resistance on 04/23/2014
- Resistance on 04/17/2014
- Resistance on 04/16/2014
- Resistance on 04/10/2014
- Resistance on 04/09/2014
- Support on 04/01/2014
- Support on 03/31/2014
- Resistance on 03/13/2014
0.9920
- Resistance on 11/09/2016

Click on the level to view price action history.

Symbol	Released	Current	Forecast
New Zealand Dollar / Canadian Dollar (NZDCAD)	Sun, 14 Apr 2024
New Zealand Dollar / Canadian Dollar (NZDCAD)^free	Sun, 7 Apr 2024
New Zealand Dollar / Canadian Dollar (NZDCAD)^free	Sun, 31 Mar 2024
New Zealand Dollar / Canadian Dollar (NZDCAD)	Sun, 24 Mar 2024
New Zealand Dollar / Canadian Dollar (NZDCAD)	Sun, 17 Mar 2024

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Forex
AUDSGD
CHFSGD^free
EURSGD
GBPSGD^free
NZDSGD
SGDJPY
USDSGD
USDTRY^free

1,978	1,582	1,442	1,407
1,155	622	595	556
496	470	456	454
415	408	379	293
274	267	263	258
240	217	206	198
197	186	175	173
168	154	140	138
132	125	123	123
120	119	110	101