NZDCAD: Buy Opportunity from 0.83500 Support
The price is going to bounce from 0.83500 support. The market gives us a reversal candlestick pattern. MACD histogram and RSI are going to confirm the price reversal.
DMI is still bearish and confirms the strength of sellers. It means that the market can try to break the support and the local swing low one more time. But in spite of this, the market looks interesting for buying.
We have a buy opportunity. Search for entry points for long trades using the daily and hourly charts.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
DMI is still bearish and confirms the strength of sellers. It means that the market can try to break the support and the local swing low one more time. But in spite of this, the market looks interesting for buying.
We have a buy opportunity. Search for entry points for long trades using the daily and hourly charts.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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.