Category: NZDCAD

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘sh3gPjnK’;
new TradingView.chart(tradingview_embed_options);

NZDCAD Weekly Forex Forecast 1st December to 7th December by yshashmi37 on TradingView.com

Midterm forecast:

0.8830 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 0.8830 is broken.
Technical analysis:

While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 0.8930 on 11/23/2018, so more gains to resistance(s) 0.9170, 0.9260, 0.9320 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 75.

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘T4VOgYqR’;
new TradingView.chart(tradingview_embed_options);

NZDCAD Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com

Midterm forecast:

0.8780 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 0.8780 is broken.
Technical analysis:

While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 0.9100 on 11/21/2018, so more losses to support(s) 0.8920 and minimum to Major Support (0.8780) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 66.

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘XWN2CmKK’;
new TradingView.chart(tradingview_embed_options);

NZDCAD Weekly Forex Forecast 18th November to 24th November by yshashmi37 on TradingView.com

Midterm forecast:

0.8780 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 0.8780 is broken.
Technical analysis:

While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 0.8465 on 10/24/2018, so more gains to resistance(s) 0.9060, 0.9170, 0.9260 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 80.

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘aW2Sb7GU’;
new TradingView.chart(tradingview_embed_options);

NZDCAD Weekly Forex Forecast 11th November to 17th November by yshashmi37 on TradingView.com

Midterm forecast:

0.8640 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 0.8640 is broken.
Technical analysis:

While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 0.8465 on 10/24/2018, so more gains to resistance(s) 0.8920, 0.9000, 0.9060 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 76.

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘yjSzGt4p’;
new TradingView.chart(tradingview_embed_options);

NZDCAD Weekly Forex Forecast 3rd November to 9th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.8320, beginning of uptrend is expected.
We make sure when the resistance at 0.8780 breaks.
If the support at 0.8320 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

There is a divergence in RSI and price between the trough at 0.8561 on 2018-08-15 and the trough at 0.832 on 2018-10-05, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
While the RSI support #2 at 49 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 0.8465 on 10/24/2018, so more gains to resistance(s) 0.8725 and maximum to Major Resistance (0.8780) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 66.

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘GLHaEXlv’;
new TradingView.chart(tradingview_embed_options);

NZDCAD Weekly Forex Forecast 22nd October to 28th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.8320, beginning of uptrend is expected.
We make sure when the resistance at 0.8780 breaks.
If the support at 0.8320 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 0.8320 on 10/05/2018, so more gains to resistance(s) 0.8640, 0.8725 and maximum to Major Resistance (0.8780) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 62.

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘9Jymf0Zv’;
new TradingView.chart(tradingview_embed_options);

NZDCAD Weekly Forex Forecast 15th October to 21st October by yshashmi37 on TradingView.com

Midterm forecast:

0.8560 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 0.8560 is broken.
Technical analysis:

The RSI bounced from the downtrend #1 and it prevented price from more gains.
A trough is formed in daily chart at 0.8320 on 10/05/2018, so more gains to resistance(s) 0.8495 and maximum to Major Resistance (0.8560) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘I1cgfQUU’;
new TradingView.chart(tradingview_embed_options);

NZDCAD Weekly Forex Forecast 7th October to 13th October by yshashmi37 on TradingView.com

Midterm forecast:

0.8495 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 0.8495 is broken.
Technical analysis:

The RSI bounced from the downtrend #1 and it prevented price from more gains.
A peak is formed in daily chart at 0.8695 on 09/27/2018, so more losses to support(s) 0.8310, 0.7965, 0.7810 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 26.

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘hdFAbCRa’;
new TradingView.chart(tradingview_embed_options);

NZDCAD Weekly Forex Forecast 23nd September To 28th September by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 0.8735, resumption of downtrend is expected.
We make sure when the support at 0.8495 breaks.
If the resistance at 0.8735 is broken, the short-term forecast -resumption of downtrend- will be invalid.
We will close our open trades, if the Midterm level 0.8735 is broken.
Technical analysis:

The RSI resistance #1 at 45 is broken, so the probability of resumption of downtrend is decreased.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 50.