How Far Will It Fall?

topfuel29
topfuel29
Aug 14, 2020 at 17:02
693 Views
6 Replies
topfuel29
topfuel29
Member Since Jul 23, 2020   2 posts
Aug 14, 2020 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.
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Michihito
Michihito
Member Since Jul 19, 2020   298 posts
Aug 18, 2020 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.
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BipinBike
BipinBike
Member Since Feb 13, 2019   10 posts
Aug 18, 2020 at 12:23
The fall is over. The move down has stalled. Prices will increase over the next few weeks
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Curtid33
Curtid33
Member Since Oct 01, 2019   49 posts
Aug 27, 2020 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
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Curtid33
Curtid33
Member Since Oct 01, 2019   49 posts
Aug 29, 2020 at 02:36
Well, the market answered your question today lol
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topfuel29
topfuel29
Member Since Jul 23, 2020   2 posts
Aug 30, 2020 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...🙃
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davidkew
davidkew
Member Since Jun 23, 2020   34 posts
Oct 08, 2020 at 10:44
Nothing can be predicted for certain. A lot of experts though are of the view that the downward trend is over.
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