The NZDCAD pair on the daily chart displays a prominent trendline acting as both support and resistance. Currently, the price is in close proximity to the resistance area, and traders may consider placing a sell stop order near blue diagonal square area. This technical approach is supported by observations of the stochastic indicator, which has exhibited a crossover above the overbought zone. Historical instances suggest that such crossovers indicate a potential shift towards a bearish trend.
It is advisable to wait and see, delaying the entry until the price reaches the resistance level. The bearish movement is targeted towards 0.807, a zone that has previously served as a rebound area.
Trendline, Bollinger Bands, and Chart Pattern Analysis. Mid-Long Term Strategy. No courses or premium signals provided. Open for collabs or free analysis requests - feel free to DM.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Trendline, Bollinger Bands, and Chart Pattern Analysis. Mid-Long Term Strategy. No courses or premium signals provided. Open for collabs or free analysis requests - feel free to DM.
Também em:
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.