NZDCAD ANALYSISNZDCAD broke major uptrendline
Price broke neckline of Head & Shoulders pattern
Below SMA 100
MACD shows bearish momentum
It's expected for coming strong bearish wave to target support levels respectively 0.8744, 0.8650
Nzd-cad
NZDCAD - SWING - 22. SEPT. 2020Welcome to our weekly trade setup ( NZDCAD )!
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1 HOUR
Sideways market structure around main sr level.
4 HOUR
Price looks like we might see a strong drop shortly..
DAILY
Good short positions, overall bearish looking market.
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FOREX SWING
SELL NZDCAD
ENTRY LEVEL @ 0.88760
SL @ 0.89320
TP @ 0.87950
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
NZDCAD- LONGS HERE KEEPING THINGS SIMPLEBuys look good from this level on the 4H chart, as we have price hitting the ascending TL for the third time, a retracement into the 78.6 fib level with a rejection doji candlestick, and also the 50EMA acting as support
NZDCAD: How to Catch Bearish Continuation
NZDCAD is trading within a falling parallel channel.
the price is stuck on 0.876 horizontal structure support and currently can't go lower.
however, with the sequence of lower highs, the price formed a descending triangle formation within the channel.
bearish violation of its horizontal support is a perfect signal to sell.
goal - 0.8735
in case of a bullish violation of the channel, setup will be invalid.
Weekend Chart Mark-up's : NZD CADIf you are looking for a buy or a sell I feel price will use these prior zones to find its way through structure in price movement .
NZDCAD BULLISH OUTLOOKBullish flag formed under the horizontal resistance, overall bullish. Will open a long either on the confirmed breakout of the bullish flag or crossover above the horizontal resistance on 0.88290.
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.
