How Far Will It Fall?

topfuel29

Membre depuis Jul 23, 2020 posts 2

Aug 14, 2020 at 17:02

Membre depuis 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

Membre depuis Jul 19, 2020 posts 310

Aug 18, 2020 at 12:03

Membre depuis 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

Membre depuis Feb 13, 2019 posts 10

Aug 18, 2020 at 12:23

Membre depuis Feb 13, 2019 posts 10

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

Curtid33

Membre depuis Oct 01, 2019 posts 42

Aug 27, 2020 at 22:26

Membre depuis 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

Membre depuis Oct 01, 2019 posts 42

Aug 29, 2020 at 02:36

Membre depuis Oct 01, 2019 posts 42

Well, the market answered your question today lol

topfuel29

Membre depuis Jul 23, 2020 posts 2

Aug 30, 2020 at 13:38

Membre depuis 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

Membre depuis Jun 23, 2020 posts 32

Oct 08, 2020 at 10:44

Membre depuis 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	1.12815	GBPUSD	1.32778	AUDUSD	0.64054
USDJPY	145.876	USDCAD	1.38418	USDCHF	0.83142

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