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How Far Will It Fall?

topfuel29
Aug 14 2020 at 17:02
2 posts
How long would you estimate NZD/CAD 1Day Candle will continue to fall?
https://www.myfxbook.com/forex-market/currencies/NZDCAD
I bought it yesterday to sell and it was up today. I'm using the T3 Moving Average Cross System.
Thanks for your input.

Michihito
Aug 18 2020 at 12:03
298 posts
This pair is in downtrend. In trend market you can hold a position against the trend. First you should consider the trend of pair. This pair still has room to fall, though nothing is certain.

BipinBike
Aug 18 2020 at 12:23
10 posts
The fall is over. The move down has stalled. Prices will increase over the next few weeks

Honest_Fx (Curtid33)
Aug 27 2020 at 22:26
49 posts
Only on the technicals: The month is ending, so you might be looking at a bit of a pullback before the new month. Definitely not a buy until it breaks .88 . A lot of room down to .84/.85 . I'd assume sells are valid, but wouldn't take a position until it closes below .868

Honest_Fx (Curtid33)
Aug 29 2020 at 02:36
49 posts
Well, the market answered your question today lol

topfuel29
Aug 30 2020 at 13:38
2 posts
Thank you for all the replies. I got out a couple of days after I bought in. I wanted to stay in longer, but that wasn't happening...🙃

davidkew
Oct 08 2020 at 10:44
34 posts
Nothing can be predicted for certain. A lot of experts though are of the view that the downward trend is over.

Numeromatt
Oct 15 2020 at 05:22
38 posts
Even though the downfall is over, there is a chance that the prices will go up in the course of the next week.

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