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: 1291 pip
Closed trade(s): 291 pip Profit
Open trade(s): 1000 pip Profit

Trade Setup:
We opened 6 SELL trade(s) @ 0.8958 based on 'DTO 72674' entry method at 2021.04.22.

Closed Profit:
TP1 @ 0.8870 touched at 2021.04.30 with 88 pip Profit.
TP2 @ 0.8755 touched at 2021.05.12 with 203 pip Profit.
88 + 203 = 291 pip

Open Profit:
Profit for one trade is 0.8958(open price) - 0.8708(current price) = 250 pip
4 trade(s) still open, therefore total profit for open trade(s) is 250 x 4 = 1000 pip

Trading suggestion:

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

Date June 7, 2021 - 10:46

Current downtrend

Forecast continuation of downtrend

Midterm forecast:

0.93300 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 0.8852 on 05/11/2021, so more losses to support(s) 0.8600, 0.8460, 0.8240 and more depths 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 45.

Take Profits:

0.8870
- Resistance on 04/13/2021
- Resistance on 04/09/2021
- Resistance on 04/08/2021
- Resistance on 04/07/2021
- Resistance on 04/06/2021
- Resistance on 11/06/2020
- Resistance on 10/28/2020
- Resistance on 09/22/2020
- Support on 09/21/2020
- Support on 09/18/2020
- Resistance on 09/16/2020
- Resistance on 09/15/2020
- Resistance on 09/02/2020
- Support on 07/31/2020
- Support on 07/30/2020
- Support on 07/29/2020
- Support on 07/28/2020
- Support on 07/23/2020
- Support on 07/21/2020
- Support on 07/20/2020
- Support on 07/15/2020
- Support on 07/14/2020
- Support on 07/09/2020
- Resistance on 07/03/2020
- Resistance on 07/02/2020
- Resistance on 07/23/2019
- Resistance on 07/22/2019
- Resistance on 07/19/2019
- Resistance on 06/07/2019
- Resistance on 06/06/2019
- Resistance on 06/05/2019
- Resistance on 06/04/2019
- Resistance on 06/03/2019
- Resistance on 05/14/2019
- Resistance on 05/10/2019
- Support on 05/07/2019
- Support on 05/06/2019
- Support on 04/24/2019
- Resistance on 08/01/2018
- Support on 07/17/2018
- Support on 07/13/2018
- Support on 07/05/2018
- Support on 07/04/2018
- Support on 05/22/2018
- Support on 05/21/2018
- Support on 05/11/2018
- Support on 05/10/2018
- Support on 01/08/2018
- Support on 01/05/2018
- Support on 01/04/2018
- Support on 01/03/2018
- Support on 01/02/2018
- Resistance on 11/29/2017
- Resistance on 11/28/2017
- Resistance on 11/09/2017
- Resistance on 11/08/2017
- Peak on 11/08/2017
- Resistance on 11/03/2017
- Resistance on 11/02/2017
- Support on 10/13/2017
- Resistance on 10/11/2017
- Support on 09/27/2017
- Support on 09/04/2017
- Support on 06/08/2016
- Resistance on 05/31/2016
- Resistance on 05/25/2016
- Resistance on 05/20/2016
- Resistance on 05/19/2016
- Resistance on 05/06/2016
- Resistance on 05/05/2016
- Resistance on 05/04/2016
- Support on 04/19/2016
- Resistance on 04/15/2016
- Resistance on 04/14/2016
- Resistance on 04/13/2016
- Support on 04/05/2016
- Resistance on 03/28/2016
- Resistance on 03/24/2016
- Resistance on 03/23/2016
- Resistance on 03/22/2016
- Resistance on 03/21/2016
- Resistance on 03/16/2016
- Support on 03/11/2016
- Support on 03/02/2016
- Support on 03/01/2016
- Support on 12/04/2015
- Resistance on 11/03/2015
- Resistance on 11/02/2015
- Resistance on 10/30/2015
- Resistance on 10/20/2015
- Resistance on 10/16/2015
- Resistance on 10/15/2015
- Resistance on 06/10/2015
- Resistance on 06/09/2015
- Resistance on 06/08/2015
- Support on 06/04/2015
- Support on 06/03/2015
- Support on 06/02/2015
- Support on 05/11/2015
- Resistance on 12/05/2014
- Resistance on 12/04/2014
- Resistance on 11/26/2014
- Resistance on 11/25/2014
- Support on 11/20/2014
- Support on 11/13/2014
- Resistance on 11/11/2014
- Resistance on 10/29/2014
- Support on 10/17/2014
- Resistance on 10/14/2014
- Resistance on 12/09/2013
0.8755
- Resistance on 06/02/2021
- Resistance on 05/17/2021
- Resistance on 05/14/2021
- Support on 04/01/2021
- Support on 03/26/2021
- Support on 03/25/2021
- Support on 03/24/2021
- Support on 11/04/2020
- Support on 11/02/2020
- Resistance on 10/21/2020
- Resistance on 10/19/2020
- Resistance on 10/15/2020
- Resistance on 10/14/2020
- Resistance on 10/12/2020
- Resistance on 10/09/2020
- Support on 10/06/2020
- Support on 09/29/2020
- Support on 09/23/2020
- Support on 09/14/2020
- Support on 09/11/2020
- Support on 09/10/2020
- Support on 09/08/2020
- Support on 09/07/2020
- Support on 09/04/2020
- Resistance on 08/27/2020
- Resistance on 08/12/2020
- Support on 07/01/2020
- Support on 06/30/2020
- Support on 06/29/2020
- Support on 06/26/2020
- Support on 06/15/2020
- Resistance on 06/05/2020
- Resistance on 12/26/2019
- Support on 07/25/2019
- Support on 07/17/2019
- Resistance on 07/04/2019
- Support on 07/01/2019
- Resistance on 06/25/2019
- Resistance on 06/18/2019
- Resistance on 06/14/2019
- Support on 06/10/2019
- Support on 05/17/2019
- Resistance on 08/22/2018
- Support on 08/03/2018
- Support on 12/07/2017
- Resistance on 11/24/2017
- Resistance on 11/23/2017
- Resistance on 11/22/2017
- Resistance on 11/17/2017
- Support on 10/23/2017
- Support on 10/20/2017
- Support on 10/19/2017
- Support on 09/12/2017
- Support on 09/08/2017
- Support on 09/07/2017
- Support on 09/06/2017
- Resistance on 05/30/2016
- Resistance on 05/27/2016
- Support on 05/25/2016
- Support on 05/19/2016
- Support on 05/18/2016
- Support on 05/13/2016
- Support on 05/12/2016
- Support on 05/04/2016
- Resistance on 04/28/2016
- Support on 03/23/2016
- Resistance on 11/27/2015
- Resistance on 11/26/2015
- Resistance on 11/25/2015
- Resistance on 11/23/2015
- Resistance on 11/20/2015
- Support on 10/28/2015
- Support on 10/21/2015
- Support on 10/20/2015
- Support on 10/19/2015
- Resistance on 10/13/2015
- Support on 06/08/2015
- Support on 06/05/2015
- Support on 12/09/2014
- Support on 12/08/2014
- Support on 11/25/2014
- Support on 11/07/2014
- Support on 11/06/2014
- Support on 11/04/2014
- Support on 11/03/2014
- Support on 10/31/2014
- Support on 10/24/2014
- Resistance on 10/07/2014
- Resistance on 10/06/2014
- Resistance on 10/01/2014
- Support on 09/26/2014
- Support on 01/06/2014
- Resistance on 01/02/2014
- Resistance on 12/31/2013
- Resistance on 12/30/2013
- Resistance on 12/27/2013
- Resistance on 12/20/2013
- Support on 12/18/2013
- Resistance on 12/16/2013
- Resistance on 12/05/2013
- Resistance on 11/18/2013
- Resistance on 11/06/2013
- Resistance on 10/24/2013
- Resistance on 10/23/2013
- Resistance on 10/22/2013
- Resistance on 10/21/2013
- Resistance on 10/18/2013
- Resistance on 10/17/2013
0.8600
- Support on 08/25/2020
- Support on 08/24/2020
- Support on 08/21/2020
- Support on 08/20/2020
- Support on 06/03/2020
- Resistance on 05/26/2020
- Resistance on 03/13/2020
- Resistance on 02/12/2020
- Resistance on 02/06/2020
- Resistance on 02/03/2020
- Support on 01/29/2020
- Support on 01/28/2020
- Support on 01/08/2020
- Support on 12/05/2019
- Resistance on 08/15/2019
- Support on 08/05/2019
- Resistance on 10/31/2018
- Resistance on 10/30/2018
- Resistance on 10/23/2018
- Support on 09/26/2018
- Resistance on 09/18/2018
- Support on 09/05/2018
- Support on 09/04/2018
- Support on 08/30/2018
- Support on 08/10/2018
- Support on 11/19/2015
- Support on 11/18/2015
- Support on 11/17/2015
- Support on 10/08/2015
- Support on 08/25/2015
- Support on 08/24/2015
- Support on 08/19/2015
- Resistance on 08/17/2015
- Support on 08/10/2015
- Resistance on 08/06/2015
- Resistance on 07/22/2015
- Resistance on 07/21/2015
- Resistance on 07/10/2015
- Resistance on 06/17/2015
- Support on 06/11/2015
- Support on 11/27/2013
- Support on 11/26/2013
- Support on 11/25/2013
- Support on 11/22/2013
- Support on 11/21/2013
- Support on 11/13/2013
- Support on 11/12/2013
- Support on 11/01/2013
- Support on 10/31/2013
- Support on 10/30/2013
- Support on 10/29/2013
- Support on 10/14/2013
- Support on 10/11/2013
- Support on 10/10/2013
- Resistance on 10/08/2013
- Resistance on 10/04/2013
- Resistance on 09/19/2013
0.8460
- Support on 05/20/2020
- Support on 05/07/2020
- Support on 04/29/2020
- Resistance on 04/23/2020
- Resistance on 04/17/2020
- Resistance on 04/16/2020
- Resistance on 04/13/2020
- Resistance on 04/08/2020
- Resistance on 04/01/2020
- Resistance on 03/30/2020
- Resistance on 03/27/2020
- Resistance on 03/25/2020
- Resistance on 03/24/2020
- Resistance on 03/19/2020
- Resistance on 03/18/2020
- Resistance on 03/16/2020
- Support on 03/12/2020
- Support on 03/09/2020
- Resistance on 03/05/2020
- Resistance on 02/28/2020
- Resistance on 02/27/2020
- Support on 02/18/2020
- Resistance on 11/04/2019
- Resistance on 11/01/2019
- Resistance on 10/31/2019
- Resistance on 09/16/2019
- Resistance on 09/12/2019
- Resistance on 09/11/2019
- Resistance on 09/10/2019
- Resistance on 09/09/2019
- Resistance on 09/06/2019
- 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 10/01/2018
- Support on 10/02/2015
- Support on 09/29/2015
- Resistance on 09/24/2015
- Resistance on 09/21/2015
- 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
0.8240
- Support on 03/26/2020
- Support on 03/25/2020
- Support on 03/24/2020
- Resistance on 03/20/2020
- Support on 03/18/2020
- Support on 03/09/2020
- Support on 10/16/2019
- Support on 10/02/2019
- Support on 10/01/2019
- Trough on 10/01/2019
- Support on 09/05/2013
- Resistance on 09/03/2013
- Resistance on 09/02/2013
- Resistance on 08/27/2013
- Resistance on 08/26/2013
- Resistance on 08/23/2013
- Resistance on 08/22/2013
- Support on 08/20/2013
- Support on 08/12/2013
- Support on 08/09/2013
- Resistance on 07/31/2013
- Support on 07/29/2013
- Resistance on 07/24/2013
- Resistance on 07/23/2013
- Resistance on 07/22/2013
- Resistance on 07/19/2013
- Resistance on 07/18/2013
- Resistance on 07/17/2013

Click on the level to view price action history.

Symbol	Released	Current	Forecast
New Zealand Dollar / Canadian Dollar (NZDCAD)^new	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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AUDCAD^new^free
AUDCHF^new^free
AUDJPY^new
AUDNZD^new
AUDUSD^new
CADCHF^new
CADJPY^new
CHFJPY^new
EURAUD^new
EURCAD^new
EURCHF^new^free
EURGBP^new
EURJPY^new
EURNZD^new
EURUSD^new
GBPAUD^new
GBPCAD^new
GBPCHF^new
GBPJPY^new
GBPNZD^new
GBPUSD^new
NZDCAD^new
NZDCHF^new
NZDJPY^new
NZDUSD^new
USDCAD^new
USDCHF^new^free
USDJPY^new

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

1,978	1,582	1,442	1,407
1,155	622	595	555
496	470	456	454
415	408	379	293
274	267	262	258
241	217	206	198
197	186	175	173
168	154	140	138
132	125	123	123
120	119	110	101