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Nzd-cad

NzdCad..unless 0.91 gives way...if not....Seeing weakness in this pair but yet to have any good confirmation...let's wait for 0.91 to hold or break...if it holds..likely more up side. #shadowingthebigboys #trading #forex If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
💡 Don't miss the great sell opportunity in NZDCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.91). 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 35. Take Profits: TP1= @ 0.8995 TP2= @ 0.8930 TP3= @ 0.8860 TP4= @ 0.8780 TP5= @ 0.8625 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
11
💡 Don't miss the great sell opportunity in NZDCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.91). 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 35. Take Profits: TP1= @ 0.8995 TP2= @ 0.8930 TP3= @ 0.8860 TP4= @ 0.8780 TP5= @ 0.8625 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
8
NZDCAD looks for a retracement 🦐NZDCAD after bouncing over the weekly support at 0.86450 created a nice bullish impulse until the 0.90850 area. The price never retraced back and now reached the ascending weekly trendline and testing it. It will be likely to see a retracement move and if the price will break below the 4h support structure, we will set a nice short position 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.
Short
by InkyGrip
10
How to trade the Breakout at NZD/CAD? / Swing TradeGood morning traders! 🔸Today we find an evident breakout in the Resistance zone in the NZD / CAD pair. The current price is the highest level that has been reached this year. 🔸The scenario that this pair is presenting may offer an excellent opportunity for a medium-term bullish trade. 🔸After the current Resistance level (0.90500), the price has a clear path to the next Resistance zone (0.92500), which gives a clean move of approximately 200 pips. How could we take a position in this situation? 🔸Of course, many traders will be taking positions in the current movement, but we believe that having a little patience can give us a better trade. 🔸This is mainly due to the first move being a potential fakeout and canceling the direction. 🔸On the other hand, if we expect a clear break, and then a consolidation (corrective movement), we can have a confirmation of the price and also a higher Risk / Reward ratio. 🔸The ideal situation is a corrective structure with a clear pattern (triangle, zigzag, flag, pennant) and a pullback to the Support Zone. Once that structure is formed, we will trade the breakout, with the stop loss behind the structure, and the take profit in the next resistance zone.
Long
by ThinkingAntsOk
1
What to anticipate ahead of the US elections Volatility 2020📌 US Elections have been and are always expected to be an extremely volatile event worldwide. Elections, similar to other political or banking sector events, are notably treated by market participants with anticipation and speculation. 📍 Hence as the US election looms, today's Chart is not in regards to the outcome but in regards to current markets positioning just a week prior to the election as well as their future response to each possible outcome. 📍 While we have been facing an overall weak Dollar in the second half of the year, the proclivity for capital being safe harboured in US Treasuries means this is hinged on the global growth outlook establishing a sustainable improving trend, and that in turn may hinge on the world getting through the Covid crisis. However, the upcoming US election presents risks too, particularly given the perceived chance of the election being contested. 📍 Markets are anticipating another US fiscal package, although the timing remains uncertain, and the size and scope of it will be dependent on the election result. Wall Street narratives suggest that US stock markets are pricing in a blue wave on November 3, with Democrats sweeping the House, Senate and Presidency, which would result in many trillions of Dollars in fiscal support. 📍 So far in October Biden's lead in the polls has deducted the risk of a contested outcome and hence supported the US Equity market to recover since September (after the 1st debate), but also drove the risk sensitive Yen. This comes in contrast with the historical reaction of Stock markets in prior elections. 📍 Historically, the stock market slows down and shows a weaker performance in the period leading up to an election, according to a study from US Bank. On average, the equity market showed a less than 6% gain during election years compared with an 8.5% gain in any other given year.
TVC:DXY
by Ridethemacro
NZDCAD breaking above structure 🦐NZDCAD on the daily chart after the bearish spike til 0.86500 over a weekly resistance, recovered yesterday over the 0.87200 area. The price created a huge candle with a double bottom higher close formation. On the 4 h chart, the price is currently testing a minor structure. IF the market will break and close above, at the retest of it 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
2