Nzd-cad
NZDCAD ANALYSISNZDCAD broke major downtrendline
Above SMA 100
RSI is above level 50
It's expected for coming correction to retest key level at 0.8744 which corresponds to 61.8% Fibonacci level
then continue going upwards to target first HVN at level 0.8898
then finally target supply zone at level 0.9000
NZDCADNZDCAD has its support zone that seems to be the best place to open a buy position.
Best regards EXCAVO
NZDCAD ANALYSISNZDCAD broke downtrendline
Above SMA 100
MACD start of bullish momentum
we r waiting price to exceed key level at 0.8745 to open long trade
It's expected for bullish movement to target HVN level at 0.8899
NZDCAD is approaching support | 27 August 2020Price is facing bullish pressure, Ichimoku cloud and 20 period EMA are showing signs of bullish pressure as well.
NZDCAD is approaching support | 27 August 2020Price is facing bullish pressure, Ichimoku cloud and 20 period EMA are showing signs of bullish pressure as well.
NZD/CAD Long Term Bearish View🔸 WEEKLY CHART EXPLANATION:
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🔸Price bounced at the Weekly Descending Trendline.
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🔸We consider that this pair has bearish potential.
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🔸The bearish target is the Support Zone at 0.81000, however, there is a middle Support Zone at 0.83000 where we need to be careful.
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🔸 Will look for a lower timeframe bearish setup.
NZD/CAD Expecting a Downside Move🔸 DAILY CHART ANALYSIS:
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🔸Price bounced at the Weekly Descending Trendline.
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🔸It has broken the Support Zone and did a pullback after that.
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🔸We consider that it has potential to make a downsive move towards the Support Zone.
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🔸 Will look for a lower timeframe bearish setup.
NZDCAD ANALYSISNZDCAD broke major uptrendline
Pair respects downtrendline
Based below key level between levels 0.8712 and 0.8743
Price rejected from HVN at level 0.8743 with strong bearish movement which indicates that pair is in distribution phase
Below SMA 100 on H4 frame
MACD shows weakness in bullish momentum
RSI is below level 50
Price now is forming bearish Elliot wave (5)
It's expected for the continuation of bearish movement to target support level at 0.8340
NZDCAD King's Crown - Sell Right TipCalled this trade a while ago and fell down perfectly, hopefully you were able to take the ride down as well of 200+ pips. (linked idea)
King's Crown formation setting up perfectly.
Look to sell at right tip @ .8800 area
TP @ 0.8570 - 0.8400 area
Good luck trading! Please help like these free analysis as others will benefit from seeing them as well.
Let me know how I can help.
Charles V
www.cvfxmanagement.com
Trading made Simple
NZD/CAD DOWNWARD TREND Same trade set up as last week guys, We already hit both take profits, now onto the next.
Stop loss- 0.87103
Take profit- 0.85760
Don't forget risk management.
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NZD/CAD Breaking the Support Zone🔸 4H CHART EXPLANATION:
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🔸Price bounced at the Daily Resistance Zone.
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🔸It has broken the Ascending Trendline.
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🔸 Now, it is breaking the Support Zone, and we consider that it has potential to reach the next Support at 0.85600.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
Post-NFP week analysisAnalyzing the effects of the recent NFP reports on the USD, other major currencies and Gold most especially.
