NZDCAD 25SET2016 Can Bulls hold 0.9309?
Target for this pair will be 0.97450 according to my analysis on higher timeframes - very high in this case (includes Yearly).
Anyway, this next week should be ranging within the established high and low of this month as shown by gray square.
Bulls desire is to achieve target right away and support at 0.9309 to do that.
But Bears will try to go much lower, down to around 0.86 before return to target, and for that they will try to make 2 things:
1) This month, also Quarter end, will close as a neutral candle (Doji) at 0.9495.
2) Next month High will be 0.9547 to create an impulse to 0.86
Until next month, during next week, I think the path that price will follow will be the one here that I show with the arrows as these points sync with the desires of both parts.
Note: After this month close, price could go down to 0.943 (this month Low) before return to 0.9547, not necessarily as is shown on the green arrow after month close.
Updates will follow.
Good luck!
General Notes
These points could overpass a little as long as the impulse will be there, usually on a 4H or Daily UTC server, not here at Tradingview unfortunately because server is not sync with UTC.
As always I am only predicting where things happens, not when, because that really depends on others factors as the agreement of all major sessions - London, NY and Singapore - and also on Events, the fast/slow motion tool.
Also those points are not random or just imagination, they are in fact result of my calculations based on wave counting, measurement and convergence.
Of course this is a personal and original idea and not bulletproof, so don't blame me if it doesn't work. :-)
Anyway, this next week should be ranging within the established high and low of this month as shown by gray square.
Bulls desire is to achieve target right away and support at 0.9309 to do that.
But Bears will try to go much lower, down to around 0.86 before return to target, and for that they will try to make 2 things:
1) This month, also Quarter end, will close as a neutral candle (Doji) at 0.9495.
2) Next month High will be 0.9547 to create an impulse to 0.86
Until next month, during next week, I think the path that price will follow will be the one here that I show with the arrows as these points sync with the desires of both parts.
Note: After this month close, price could go down to 0.943 (this month Low) before return to 0.9547, not necessarily as is shown on the green arrow after month close.
Updates will follow.
Good luck!
General Notes
These points could overpass a little as long as the impulse will be there, usually on a 4H or Daily UTC server, not here at Tradingview unfortunately because server is not sync with UTC.
As always I am only predicting where things happens, not when, because that really depends on others factors as the agreement of all major sessions - London, NY and Singapore - and also on Events, the fast/slow motion tool.
Also those points are not random or just imagination, they are in fact result of my calculations based on wave counting, measurement and convergence.
Of course this is a personal and original idea and not bulletproof, so don't blame me if it doesn't work. :-)
