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Nzd-cad

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
Long
by InkyGrip
2
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.
Short
by ThinkingAntsOk
4
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.
Short
by TradeGATEHub
1
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.
Short
by ThinkingAntsOk
4
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 🤗
Short
by BULLSS1993
3
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.
Long
by FXCM
3
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.
Long
by FXCM
4
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
Long
by InkyGrip
8
NZDCAD: SELL We are seeing a possibility for more Bears to enter NZDCAD for this upcoming week. Off of the Weekly time frame, you can see an obvious area of resistance that was respected back on December 16, 2018 and again March 17, 2019. Seeing that price could be holding this resistance, we can expect a nice entry zone for Bears between 0.92125 - 0.91766 (based off our pivot point confluence drawn up on the H1 time frame). If price hits this zone this week, expect to win about 100 pips near the Exit zone drawn up on our analysis here.
Short
by cupofconfidence
💡Don't miss the great sell opportunity in NZDCADMidterm forecast: While the price is below the resistance 0.9330, beginning of downtrend is expected. We make sure when the support at 0.8985 breaks. If the resistance at 0.9330 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 0.91615 on 2020-12-03 and the peak at 0.9328 on 2021-02-24, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased. A peak is formed in daily chart at 0.9330 on 02/24/2021, so more losses to support(s) 0.9160, 0.9060 and minimum to Major Support (0.8985) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 53. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (0.9060 to 0.9160). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. . Beginning of entry zone (0.9060) . Ending of entry zone (0.9160) Take Profits: TP1= @ 0.8985 TP2= @ 0.8870 TP3= @ 0.8755 TP4= @ 0.8600 TP5= @ 0.8460 TP6= @ 0.8240 TP7= Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
25