- Charts: 4 H,1 Day
- Elements used: CCI, Support & Resistance
- Current Level : 0.9515
Metal_Mind's Blog
NZD/CAD- Strengthens further more !
NZD/CAD -Consolidation!
- Charts: 4Hours, 1 Day.
- Elements used: Fiboancci Fan Lines, Fibonacci Retracements,Volume.
- Prepared with : JForex 4.
- Current Level : 0.9214
- NZD/CAD has begin its massive bullish rally in the end of the Q2 of 2013 and amounted more than 1700 pips until 15 March ,Q1 of 2014 ,when the bullish rally runned out of steam, formed a strong resistance around 0.9677 price level and begin its retracement.
NZD/CAD-Stuck in Range !
Charts: 4Hours, 1 Day.
Indicators: Fibonacii Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :0.8606.
NZD/CAD after reaching a major resistence zone at (0.8785) price level ,has began moving in a range formation with 2 other failed attempts to break these level.The problem is that supports levels formed as higher lows which could suggest that the momentum is definatly going up and will try to retest and break that resistance zone in the nearby future…
NZDCAD- Retrace Lower !
Charts: 4Hours, 1 Day.
Indicators: Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :0.8613
NZDCAD reached a major resistance zone at the same level with the previous one as can be seen very well in the chart below ,at (0.8783) price level.From there the trend pulled back lower . I think it will continue the bearish trend and probably will encounter some supports on the road at (0.8522) & (0.8402) price levels which were previous important resistances.…
Indicators: Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :0.8613
NZDCAD reached a major resistance zone at the same level with the previous one as can be seen very well in the chart below ,at (0.8783) price level.From there the trend pulled back lower . I think it will continue the bearish trend and probably will encounter some supports on the road at (0.8522) & (0.8402) price levels which were previous important resistances.…