From an investor to a scalper is a cycle of analysis in which we take one financial instrument each day and the analysis includes a detailed look at the value from the monthly / weekly to H1 / M15 chart


The NZDCAD currency pair has been moving in a horizontal trend (consolidation) since January 1982. As a result of the market rally since February 2009, pair again reached level of 0.9800, where already in November last year first strong supply reaction emerged. In spite of this, pair in next months was in the vicinity of this resistance and in June this year began falling again.

NZDCAD Monthly

Looking at weekly chart, we will see that if declines continue, in near future we would expect re-testing of the upward trend line. Only after this support should be broken we can expect change in the general attitude of the market.

NZDCAD Weekly

It is worth noting that the course already last Friday, beating the significant support at 0.9200 has broke the bottom of the lasting for 13 months consolidation.

NZDCAD Daily

Looking at H4 chart, we will notice that price very accurately re-test most of broken support levels.

NZDCAD H4

In near future we would expect to be able to deepen the current uptrend and re-test 0.9180, which rejection could be a signal for declines.

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NZDCAD M15
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