The New Zealand Dollar Canadian Dollar.

Good evening Forex Traders,

Tonights chart is of the NZDCAD.

The recent high of late October did breach the strong figure which was also at a fibonacci reversal area but then price has since come down.

This is a good one for the watchlist as there are multiple timeframe divergences with MACD and both longer and shorter term too across some timeframes.

With this showing some classic signs of a possible 123/DT wait for your triggers as this would be against the trend should it happen as they are all up at present but showing possible signs of weakening although AdvancedGet EW count is showing further movement north.

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

Charts courtesy of AdvancedGet.

Good Luck.

Clayton Farnworth.

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.