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Nzd-cad

💡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
💡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
6
NZDCAD testing a weekly resistance 🦐NZDCAD after breaking the descending channel created an impulse until the weekly resistance. The market couldn't break above and currently retracing. IF the price will break above we can set, according to Plancton's strategy, 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
6
NZDCAD at the 0.5 Fib 🦐NZDCAD is ranging between the 0.91450 and the weekly resistance. The market after the last impulse is testing the 0.5 Fibonacci level with a false breakout If the price will break above the trendline we can set a nice long order according to Plancton's strategy --- 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
14
NZDCAD weaknessSeeing some overall weakness starting to come in across NZD pairs. With NZDCAD, we have been trading near 2020 highs since start of the year. We were unable to hold break above, and now possible weakness and retracement back to some earlier demand areas. On the H4, we see a rejection above Jan value area, and a sort of H&S (double top) formation taking place since late Jan. Look for a break of the neckline to confirm a move lower which should target Jan lows at least. Watch & see how this plays out.
Short
by Captain_Maj
NZDCAD: The price is RE-TESTING an interesting S/R zoneHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : NZD/CAD ⚪ Technical Analysis : During the 20th of January 2021, the price got a strong bullish impulse on the main S/R zone at about 0.90500, moving up beginning an interesting ascending channel, many bounces on its dynamic lines are a confirmation of the channel's validity. On the 9th of February 2021, the price ended its uptrend on the level at about 0.92250, failing the attempt to reach one more time its dynamic resistance line, falling down breaking through its channel, re-testing with a pullback the same level. As we can see in the H4 chart, the price got many rejections on the current strong area at about 0.91500, and considering the weakness of this market, there is a possibility to see an upcoming bearish moviment. 🔴 Conclusion : I'm confident to see the price getting an interesting retracement, considering the following reasons: - In the weekly chart, the price is moving with high volatility, closing the session with a strong bearish pinbar; Since March it's following a clear uptrend and many rejections on the level 0.92000 are a possible sign of retracement. - In the daily perspective the price is consolidating since the 25th of January 2021; - In the h4 chart, the price got an interesting pullback on its channel, and it currently re-testing the S/R zone at about 0.91500 and its EMA 200. I'll be waiting for a proper breakout before planning my short position on this trade, my target would be the main trendline at the level at about 0.90800 Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
21
NZDCAD: SELLPrice is currently at all-time highs right now which means it can be a great opportunity for SELLS (Bears). We drew a Fibonacci from the most recent high to low and we can definitely see that right at the 61.80 level there was a Double Top and also right at the sell level from last month and also this month if you trade using Pivots. Possible entry for Bears is at 0.9200 , possible exit/take profit area is right around 121.4 (-21.40 %) and 138.2 (-38.20%) of the Fib that has been drawn.
Short
by cupofconfidence
NZDCAD accumulation for a break 🦐NZDCAD is ranging between the 0.91450 and the weekly resistance. The market after the last impulse is consolidating over the 0.5 Fibonacci level If the price will break above we can set a nice long order according to Plancton's strategy --- 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 trigge
Long
by InkyGrip
6
💡 Don't miss the great sell opportunity in NZDCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9225). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDCAD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 45. Take Profits: TP1= @ 0.9140 TP2= @ 0.9052 TP3= @ 0.8985 TP4= @ 0.8937 TP5= @ 0.8865 SL: Break Above R2 ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
16
💡 Don't miss the great sell opportunity in NZDCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9225). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDCAD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 45. Take Profits: TP1= @ 0.9140 TP2= @ 0.9052 TP3= @ 0.8985 TP4= @ 0.8937 TP5= @ 0.8865 SL: Break Above R2 ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
7
NZDCAD accumulation for a break 🦐NZDCAD is ranging between the 0.91450 and the weekly resistance. If the price will break above we can set a nice long order according to Plancton's strategy --- 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
💡 Don't miss the great buy opportunity in NZDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.9165). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 0.9200 TP2= @ 0.9225 TP3= @ 0.9255 TP4= @ 0.9300 TP5= @ 0.9350 SL= Break below S2 ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
10
💡 Don't miss the great buy opportunity in NZDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.9165). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 0.9200 TP2= @ 0.9225 TP3= @ 0.9255 TP4= @ 0.9300 TP5= @ 0.9350 SL= Break below S2 ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
5
NZDCAD: The BULLISH Impulse close to the end!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : NZD/CAD ⚪ Technical Analysis : Since the 20th of January 2021, once the price got a strong rejection on its main trendline, it has been moving with a clear uptrend, breaking through the S/R zone at about 0.91500, re-testing few times the same level before pushing up again. It is currently still in uptrend and there is a possibility to see the price re-testing an important weekly resistance zone at about 0.92500. 🔴 Conclusion : I'm confident to see the price reaching the main weekly resistance zone and then collapsing down until its daily S/R level at about 0.91500, that would be a nice trend correction of its previous bullish impulse. The last daily bar is showing a possible sign of weakness and I'll be waiting for it to reach the weekly resistance zone before planning my short position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
11