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How Far Will It Fall?
topfuel29

Member Since Jul 23, 2020  2 posts topfuel29 Aug 14 at 17:02
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

Member Since Jul 19, 2020  56 posts Michihito Aug 18 at 12:03
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

Member Since Feb 13, 2019  10 posts BipinBike Aug 18 at 12:23
The fall is over. The move down has stalled. Prices will increase over the next few weeks

Curtid33

Member Since Oct 01, 2019  48 posts Honest_Fx (Curtid33) Aug 27 at 22:26
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

Curtid33

Member Since Oct 01, 2019  48 posts Honest_Fx (Curtid33) Aug 29 at 02:36
Well, the market answered your question today lol

topfuel29

Member Since Jul 23, 2020  2 posts topfuel29 Aug 30 at 13:38
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...slim

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EURUSD 1.18416 GBPUSD 1.29218
USDJPY 104.563 USDCAD 1.32031

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