My Marketmiracle advisor provided an input signal on the NZDCAD cross forex
at the price 0,883250 with target 0,914329 for a possible profit of 3.52% which on forex is a lot
Analyzing the graph we realize how we are actually at the point of possible rupture in a head shoulders upside down so at the rupture of this the price could start quickly towards the target.
Actually, the LONG interest on NZDCAD is increasing a lot ( see Mmiracle Viewer indicator)
The scenario is possible in my opinion so I decided to take positions on the cross in this regard.
NZDCAD was already climbing and the previous analysis had provided a perfect signal as per related idea This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
Below are also the results of the backtest of Miraclemarket on this cross
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.