Analysis of NZDCAD 29.06.2018

Written by: PaxForex analytics dept - Friday, 29 June 20180 comments

The price is below the moving average 20 MA and MA 200, indicating the downward trend. 
MACD is below the zero level.
The oscillator Force Index is below the zero level.
If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.8930
• Take Profit Level: 0.8830 (100 pips)

If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.8970
• Take Profit Level: 0.9030 (60 pips)

GOLD 
Possible short position in the breakdown of the level 1245.00

GBPUSD
Possible long position at the breakout of the level 1.3190

USDCHF
Possible short position in the breakdown of the level el 0.9910

USDJPY
Possible long position at the breakout of the level 110.80