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Weekly forecast New Zealand Dollar / Canadian Dollar technical chart
Symbol NZDCAD
Trade Setup

#NZDCAD
Total Loss: 1278 pip
Closed trade(s): 1278 pip Loss

Trade Setup:
We opened 9 BUY trades @ 0.79447 based on 'Valley' entry method at 2022-09-16.

Closed Loss:
SL @ 0.78032 touched at 2022-09-23 with 1278 pip Loss.
Loss for one BUY trade is 0.79447(open price) - 0.78032(close price) = 142 pip
Therefore total loss for trades is 142 x 9 = 1278 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateSeptember 25, 2022 - 09:42
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.78724 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • A peak is formed in daily chart at 0.79555 on 09/16/2022, so more losses to support(s) 0.71850, 0.66350, 0.59400 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 33.

Supports and Resistances:

  1. 0.93300
  2. 0.90169
  3. 0.87693
  4. 0.85990
  5. 0.84740
  6. 0.83350
  7. 0.81424
  8. 0.80265
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
History
Daily-Trading-Opportunities on NZDCAD.