NZDCAD Long Trade SetupA bullish opportunity recently presented itself on the kiwi-loonie trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 0.79100 psychological level. A stop loss below the 0.79000 psychological level and a profit target anywhere between your entry and the swing high of 0.82534 could give you a reward-to-risk ratio as high as 7 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.
FX:NZDCAD
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Short-Term Long, Long-Term ShortWhile a number of technicals point to a bit of an upside trend, this should be limited by short-term resistance followed by a correction back to the long two-year channel that has formed. Daily FX's Nick Cawley called this the trade of the year to short this pair. So far its not panning out. For more, check out www.anthonylaurence.wordpress.com
long at 0.6955 target 0.7055The nzd is around the down T-line july 2017 and the long up T-line from Sept 2015
SO technically i see a rebound on this technical cluster/area
i also think the qell-off of the NZD will be done for a short term coz is onli on a speculation of a singapor style monitary policy that is quiet impossible to do for New Zealand
Aslo even is political problem of uncertainly they cannot forget the upbeat CPI and GDP last printed.
i will not talk again that he is oversold much and on weekly-monthly support and after more than 1.5% down need a correction highter
Long at 0.6950
target at 0.7055
gain 105 pips
open two different position