NZDCAD-Stalking TrendChange- Short
Without factoring OPEC/Oil issues, pure technical analysis of the the NZDCAD indicates on the weekly; that this pair is ready to rollover- to the short side. Price Efficiency Factor indicator has turned downward on weekly 2 days in a row. This pair has not turned short on the weekly since April 2016.
The daily chart shows price entering into a range on the ( MAADX- Moving averages and ADX); however momentum has already turned to the downside for this pair on the daily as well. So I will be monitoring a possible long term short trade based on the following: 1) Turn of MAADX to red on the daily chart, 2) A sustained break of support at 0.92811. In the short term, a break of current support at 0.94003 will accelerate this move. Price can drop to as low as 0.9049 on a fall through.
The daily chart shows price entering into a range on the ( MAADX- Moving averages and ADX); however momentum has already turned to the downside for this pair on the daily as well. So I will be monitoring a possible long term short trade based on the following: 1) Turn of MAADX to red on the daily chart, 2) A sustained break of support at 0.92811. In the short term, a break of current support at 0.94003 will accelerate this move. Price can drop to as low as 0.9049 on a fall through.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.