empty
13.04.2021 11:36 AM
NZDCAD facing bearish pressure, potential for further downside!

This image is no longer relevant

Price is holding below the descending trendline and moving average resistance, showing bearish pressure in line with our bearish bias. We could potentially see price reverse at 1st resistance, in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal pullback resistance, and drop further towards 1st support, in line with 61.8% Fibonacci extension and horizontal swing low support.

Trading Recommendation

Entry: 0.88249

Reason for Entry:

61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal pullback resistance

Take Profit: 0.88007

Reason for Take Profit:

61.8% Fibonacci extension and horizontal swing low support

Stop Loss: 0.88443

Reason for Stop Loss:

50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal pullback resistance

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback