The New Zealand Dollar Canadian Dollar.

Good evening Forex Traders,

Apologies for no post yesterday but I couldn't connect to the blog and have been having problems tonight too.

Tonights chart is of the NZDCAD and is one to keep a close eye on.

As can be seen from the chart below price is in proximity to a significant figure area clustering with fibonacci reversal and extension points and the beginning of a strong former resistance zone.

Another confluence is the divergence with the MACD indicator, which adds up to a possible 123/DT.

With this possible short opportunity being against the trend, I am waiting for a trigger point to put in an order but not yet, patience for me then , however if you are of an aggressive stance on this your calculated entry could be put in by using your filter.

This is for my watchlist then I can await developement should it arise as all trends are up, but whilst analysing you will see that the divergences are across multiple t/f's.

As always please ensure to do your own analysis before taking any trades.

Charts courtesy of AdavncedGet.

Good luck.

Clayton Farnworth.