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

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.9060 to 0.9120). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.9060)
    • 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
    • Peak on 05/11/2015
    • Peak on 05/08/2015
    • 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
    • Peak 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
  • Ending of entry zone (0.9120)
    • Support on 04/24/2018
    • Support on 04/20/2018
    • Resistance on 02/08/2018
    • Resistance on 02/05/2018
    • Resistance on 01/22/2018
    • Resistance on 01/18/2018
    • Resistance on 01/17/2018
    • Resistance on 01/11/2018
    • Resistance on 08/29/2017
    • Support on 08/22/2017
    • Support on 07/22/2016
    • Support on 07/21/2016
    • Support on 07/19/2016
    • Support on 06/24/2016
    • Support on 06/22/2016
    • Resistance on 06/20/2016
    • Resistance on 03/04/2016
    • Resistance on 02/26/2016
    • Resistance on 02/25/2016
    • Resistance on 02/18/2016
    • Resistance on 02/17/2016
    • Support on 02/09/2016
    • Support on 02/02/2016
    • Support on 01/26/2016
    • Support on 12/10/2015
    • Resistance on 05/06/2015
    • Support on 04/30/2015
    • Support on 02/06/2015
    • Support on 02/04/2015
    • Support on 02/03/2015
    • Support on 01/29/2015
    • Resistance on 12/30/2014
    • Resistance on 12/16/2014
    • Resistance on 09/02/2014
    • Resistance on 09/01/2014
    • Support on 08/26/2014
    • Support on 08/25/2014
    • Support on 02/14/2014
    • Peak on 02/04/2014
    • Peak on 02/03/2014
    • Peak on 01/31/2014
    • Resistance on 01/31/2014
    • Support on 01/29/2014
DateMay 20, 2018 - 17:47
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • The current trend is downtrend and the forecast is continuation of downtrend.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of downtrend is decreased.
  • The RSI bounced from the support #2 at 20 and it prevented price from more losses.
  • A trough is formed in daily chart at 0.8785 on 05/17/2018, so more gains to resistance(s) 0.8930, 0.8980 and maximum to Trend Hunter Sell Zone (0.9060 to 0.9120) 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 37.

Take Profits:

  1. 0.8980
  2. 0.8930
  3. 0.8860
  4. 0.8740
  5. 0.8640
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.