How Far Will It Fall?

topfuel29

Uczestnik z Jul 23, 2020 2 postów

Aug 14, 2020 at 17:02

Uczestnik z Jul 23, 2020 2 postów

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.

Michihito

Uczestnik z Jul 19, 2020 310 postów

Aug 18, 2020 at 12:03

Uczestnik z Jul 19, 2020 310 postów

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.

BipinBike

Uczestnik z Feb 13, 2019 10 postów

Aug 18, 2020 at 12:23

Uczestnik z Feb 13, 2019 10 postów

The fall is over. The move down has stalled. Prices will increase over the next few weeks

Curtid33

Uczestnik z Oct 01, 2019 42 postów

Aug 27, 2020 at 22:26

Uczestnik z Oct 01, 2019 42 postów

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

Curtid33

Uczestnik z Oct 01, 2019 42 postów

Aug 29, 2020 at 02:36

Uczestnik z Oct 01, 2019 42 postów

Well, the market answered your question today lol

topfuel29

Uczestnik z Jul 23, 2020 2 postów

Aug 30, 2020 at 13:38

Uczestnik z Jul 23, 2020 2 postów

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...🙃

davidkew

Uczestnik z Jun 23, 2020 32 postów

Oct 08, 2020 at 10:44

Uczestnik z Jun 23, 2020 32 postów

Nothing can be predicted for certain. A lot of experts though are of the view that the downward trend is over.

EURUSD	1.0852	GBPUSD	1.29395	AUDUSD	0.63066
USDJPY	148.812	USDCAD	1.44159	USDCHF	0.88319

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