website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast New Zealand Dollar / Canadian Dollar technical chart
Symbol NZDCAD

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.8940 to 0.9040). 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 (0.8940)
  • Ending of entry zone (0.9040)

DateOctober 16, 2021 - 17:40
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 0.90400, beginning of downtrend is expected.
  • We make sure when the support at 0.86000 breaks.
  • If the resistance at 0.90400 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 0.9034 on 09/20/2021, so more losses to support(s) 0.8679 and minimum to Major Support (0.8600) 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 42.

Take Profits:

  1. 0.8870
  2. 0.8760
  3. 0.8679
  4. 0.8600
  5. 0.8460
  6. 0.8240
  7. 0.8085
Click on the level to view price action history.