How Far Will It Fall?

topfuel29

Miembro desde Jul 23, 2020 posts 2

Aug 14, 2020 at 17:02

Miembro desde Jul 23, 2020 posts 2

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

Miembro desde Jul 19, 2020 posts 310

Aug 18, 2020 at 12:03

Miembro desde Jul 19, 2020 posts 310

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

Miembro desde Feb 13, 2019 posts 10

Aug 18, 2020 at 12:23

Miembro desde Feb 13, 2019 posts 10

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

Curtid33

Miembro desde Oct 01, 2019 posts 42

Aug 27, 2020 at 22:26

Miembro desde Oct 01, 2019 posts 42

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

Miembro desde Oct 01, 2019 posts 42

Aug 29, 2020 at 02:36

Miembro desde Oct 01, 2019 posts 42

Well, the market answered your question today lol

topfuel29

Miembro desde Jul 23, 2020 posts 2

Aug 30, 2020 at 13:38

Miembro desde Jul 23, 2020 posts 2

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

Miembro desde Jun 23, 2020 posts 32

Oct 08, 2020 at 10:44

Miembro desde Jun 23, 2020 posts 32

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

EURUSD	1.13443	GBPUSD	1.33058	AUDUSD	0.6437
USDJPY	144.666	USDCAD	1.38174	USDCHF	0.82315

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