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.
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.
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.
The fall is over. The move down has stalled. Prices will increase over the next few weeks
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
Well, the market answered your question today lol
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...🙃
Nothing can be predicted for certain. A lot of experts though are of the view that the downward trend is over.
Oct 15 2020 at 05:22
Even though the downfall is over, there is a chance that the prices will go up in the course of the next week.
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