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The last minute in the pits

.......It is better to them end the day by releasing all the adrenaline of the day's trading

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jezz avatar
jezz 25 Feb

- Honey, how was your day?
- Boring, as usual
:P

independeceday32 avatar

jajajja.... :)))
good comment

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NZD/CAD-Stuck in Range !



Charts: 4Hours, 1 Day.
Indicators: Fibonacii Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :0.8606.

NZD/CAD after reaching a major resistence zone at (0.8785) price level ,has began moving in a range formation with 2 other failed attempts to break these level.The problem is that supports levels formed as higher lows which could suggest that the momentum is definatly going up and will try to retest and break that resistance zone in the nearby future
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UPDATE 1: This is a very good prediction . The price action moved as discribed. Current price level is 0.8669 which is 115 pips bellow the target. With several days to go there is time for this prediction to come true.

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UPDATE 1: The current price level is 0.8717 which is 67 pips bellow from target but the price moved in favour of my prediction and now is very close to the target.In the 2 days that remain we could see a very close result.

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UPDATE 3: Current price level is 0.8730 which is 50 pips below the target level. The price action is bullish and with the days to go it seems like a good prediction.

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UPDATE 4: We have only several hours to go until the settlement.The current price level is 0.8737 which is 47 pips bellow the target. The prospects are great for this pair .

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