Nzd-cad
NZDCAD will test the channel 🦐NZDCAD after the recent lows starts a retracement move.
The price is moving within a long descending channel and bounces over the lower trendline.
According to Plancton's strategy if the price will close above we can set a nice long order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
NZDCAD: Great Buying Opportunity
NZDCAD is currently testing strong daily structure support.
On that, the price is currently forming a double bottom formation.
To catch a bullish move, wait for a breakout of 0.8778 local structure resistance (1H candle close above)
Then buy aggressively or on a retest.
Goal - 0.8832
In case if the price sets a new low hourly, the setup will be invalid.
Shawty on the NZD/CADIf your going long your a fool. But thats why I'm publishing this-to change your mind. Bear flags, resistance at trend line and above the highs....Elevator going down. Enjoy
NZDCAD on a channel break 🦐NZDCAD after the long descending downtrend reached and bounced over the weekly support at the 0.89300 area.
The price has now reached the upper trendline and according to Plancton's strategy if the price will break above we can set a nice long order.
----
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Critical Support broken on NZD/CADGood morning traders, today we bring you our analysis in NZD/CAD, which we published last week and we were waiting for a break in the support zone. That is happening now, so we want to detail our vision.
🔸Summarizing the context, the price broke the ascending channel and the support zone after bouncing off a strong resistance zone.
🔸If we go to a lower timeframe (4H), the price made a clear pullback and after that it was rejected.
🔸The interesting thing about this pair is the bearish potential. It has, towards the next support zone, a 300 pips distance.
NZDCAD facing bearish pressure, potential for further downside!NZDCAD is facing bearish pressure from descending trendline resistance. Prices might face resistance from 1st resistance which coincides with 100% fibonacci extension and 61.8% fibonacci retracement. Prices might push towards 1st support level which coincides with 61.8% fibonacci extension and -68% fibonacci retracement. If prices push past 1st resistance, prices might face resistance from 2nd resistance which coincides with 127.2% fibonacci retracement. EMA is also above prices, showing bearish pressure.
NZDCAD 1D Analysis➟ Price reversed from the top of an ascending channel after showing Divergence on the RSI,
Price Breakout the channel and 50 EMA
✅ We will be waiting for a retest to the broken level and look for a bearish confirmation on a lower timeframe
Bearish Idea on NZD/CADGood morning traders, today we detected a good opportunity in the NZD/CAD pair and we want to share it with you.
🔸First of all, the price has been in an uptrend for a long time, and we can confirm this with the Ascending Channel.
🔸It recently bounced from a Weekly Resistance Zone.
🔸From there, a bearish movement began, and, for the moment, it appears to be a correction of the main trend.
🔸Now the price is breaking the trendline, and is supported by a strong Support Zone.
🔸To confirm the bearish view, we are waiting for a clear bearish breakout.
🔸The target of the move is the next support zone at 0.86370.
NZDCAD - Setting Up For a FallWe're anticipating NZD weakness soon so this would be a great trade. We're just waiting for a pullback now and a retest before entering. Only issue is, the major wedge is still in tact so it could be that the retest may happen in the inner trendline.
Watch for corrective price action and then enter on the retest.
See links below as to why we're anticipating NZD weakness.
Goodluck and trade safe!
NZDCAD - Setting Up For a FallWe're anticipating NZD weakness soon so this would be a great trade. We're just waiting for a pullback now and a retest before entering. Only issue is, the major wedge is still in tact so it could be that the retest may happen in the inner trendline.
Watch for corrective price action and then enter on the retest.
See links below as to why we're anticipating NZD weakness.
Goodluck and trade safe!
NZDCAD - Short off MA'sLooking at NZDCAD for a short here. Entered at 0.90687 with a stop above the swing on 1H chart at 0.9116. Targeting 0.89185, with TP1 at 0.9022.
Here's why I'm taking this trade....
Price is bouncing off the 50 period SMA on the 4h chart.
On the 1H chart, we can see price bouncing off the 200 period SMA.
NZDCAD SELL | Going DownHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity in NZDCAD .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
NZDCAD facing bullish pressure, potential for further upsideNZDCAD is currently taking support from ascending trendline support. Prices might pullback to 1st support which coincides with 100% Fibonacci extension . Prices might bounce from 1st support to 1st resistance which coincides with 78.6% Fibonacci retracement and 100% Fibonacci extension . If prices fall through 1st support, it might take support at 2nd support which coincides with 61.8% Fibonacci retracement and 161.8% Fibonacci extension . Prices are also above EMA which shows bullish pressure for prices.
NZDCAD facing bullish pressure, potential for further upsideNZDCAD is currently taking support from ascending trendline support. Prices might pullback to 1st support which coincides with 100% Fibonacci extension. Prices might bounce from 1st support to 1st resistance which coincides with 78.6% Fibonacci retracement and 100% Fibonacci extension. If prices fall through 1st support, it might take support at 2nd support which coincides with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Prices are also above EMA which shows bullish pressure for prices.
NZDCADNZDCAD have dropped 300 pips to the downside . The last higherlow breaks previous higher high and higher low too, so i am waiting a retracement to make a retest of these 2 zones.
0.89950 is a strong support zone too in weekly
NZD/CAD NZDCAD is charting a falling wedge formation inside an uptrend channel. Most likely there will be a rebound up from the very good support level near 61.8% Fibonacci.
Best regards EXCAVO
NZDCAD: Important Breakout & Bearish Outlook
NZDCAD finally broke below a support line of a major rising parallel channel on a daily.
This breakout will most likely lead to a shift in market sentiment and trend reversal.
With a high probability, a strong bearish wave is coming.
Next goals:
0.9
0.89
NZDCAD: SELLWe are seeing a pullback on NZDCAD for this upcoming week.
Keep an eye out for price to reach around 0.91647 for your entry. Expect to take profit around 0.89493
LONGAs we can see, this is the perfect and clearest example of a inverted shoulder-head-shoulder pattern. Plus, we have an ascending triangle at the 4H timeframe.
NZDCAD continues the bullish move? 🦐NZDCAD after the break above the 0.92150 area created an impulse and currently retesting the previous resistance now turned support.
According to Plancton's strategy, if the market will break again above the minor resistance we will set a nice long order.
----
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
