How Far Will It Fall?

topfuel29

Mitglied seit Jul 23, 2020 2 Posts

Aug 14, 2020 at 17:02

Mitglied seit Jul 23, 2020 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

Mitglied seit Jul 19, 2020 310 Posts

Aug 18, 2020 at 12:03

Mitglied seit Jul 19, 2020 310 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

Mitglied seit Feb 13, 2019 10 Posts

Aug 18, 2020 at 12:23

Mitglied seit Feb 13, 2019 10 Posts

The fall is over. The move down has stalled. Prices will increase over the next few weeks

Curtid33

Mitglied seit Oct 01, 2019 42 Posts

Aug 27, 2020 at 22:26

Mitglied seit Oct 01, 2019 42 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

Curtid33

Mitglied seit Oct 01, 2019 42 Posts

Aug 29, 2020 at 02:36

Mitglied seit Oct 01, 2019 42 Posts

Well, the market answered your question today lol

topfuel29

Mitglied seit Jul 23, 2020 2 Posts

Aug 30, 2020 at 13:38

Mitglied seit Jul 23, 2020 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

Mitglied seit Jun 23, 2020 32 Posts

Oct 08, 2020 at 10:44

Mitglied seit Jun 23, 2020 32 Posts

Nothing can be predicted for certain. A lot of experts though are of the view that the downward trend is over.

EURUSD	1.12928	GBPUSD	1.32805	AUDUSD	0.63836
USDJPY	145.352	USDCAD	1.38497	USDCHF	0.82917

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