NZDCAD ( UNDER DOWNWARD PRESSURE )

27 Jun

NZDCAD

HELLO TRADERS

• Tendency the price closer a resistance trendline and trade below turning level, indicating the price is under bearish pressure
  
  
• TURNING LEVEL : a blue line a round 0.837 , which indicates two conditions , the first conditions until the price trade below 0.837 reach a support level , the second conditions the price breaking 0.837 , the price reach a resistance level
  
  
• RESISTANCE LEVEL : a green lines inside a gold rectangular , an area created above the turning level , the gold price area for the resistance level around 0.842 , when it is created the price by open 4h candle above turning level , selling have already increase at this level
  
  
• SUPPORT LEVEL : a red line , an area created below turning level , the gold price for the support level around 0.832 , buying have already increase at this level
  
  
• PRICE MOVEMENT : the price is under bearish pressure until trade below turning level at 0.837, it will attempt to reach support level at 0.832 , then stable below this level reach 0.828 , if the breaking this level the price trying to reach a resistance level at0.842 ,by open 4h candle above this level reach 0.847
  

TARGET LEVEL :

• RESISTANCE LEVEL : 0.842 , 0.847
  
• SUPPORT LEVEL :0.832 , 0.828