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Nzd-cad

NZD/CAD FULL ANALYSIS: Sell opportunityHi traders, Here's a possible sell opportunity in NZD/CAD. The pair has been in a nice downtrend for a longer period now, and is currently trading at a major resistance level near the 0.88 round-number. The resistance also aligns with the 61.8% Fib level. Positioning data and recovering oil prices support a sell as well. Here's a chart of current 2y yield differentials which are pointing lower, so the price might have to catch up with the divergence. Please hit the "LIKE" button to support our free work. Thanks!
Short
by MujkanovicFX
Don't miss the great sell opportunity in NZDCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.876). 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 40. Take Profits: TP1= @ 0.8715 TP2= @ 0.8685 TP3= @ 0.8620 TP4= @ 0.8570 TP5= @ 0.8530 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
22
Don't miss the great sell opportunity in NZDCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.876). 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 40. Take Profits: TP1= @ 0.8715 TP2= @ 0.8685 TP3= @ 0.8620 TP4= @ 0.8570 TP5= @ 0.8530 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
30
NZD/CAD Time for a Retracement by ThinkingAntsOk🔸 4H CHART EXPLANATION: . 🔸 Price broke the Descending Trendline and made a strong upside move. . 🔸 Now, it is facing the Resistance Zone. . 🔸 We are waiting for a definition here. If price breaks to the upside, then the target would be the Descending Trendline, and, if price bounces, then the target zone is the Support Zone. . 🔸 Will look for a lower timeframe setup when the direction is clear. 🔸 DAILY CHART ANALYSIS:
by ThinkingAntsOk
2
Bullish TrendBullish on multiply timeframes W1-H1. Take Profit: 0.88000 Stop Loss: 0.86400 From 04-11-16 price has been bearish till 23-03-20 due to coronavirus price had hyperextended bearish, testing the trendline low. Since 28-03-19 high price has trended bearish currently price is above trendline. This could suggest that price has reversed from March low and now is bullish with possible target of 0.88910. However, price is currently finding resistance at 50%-0.86510 retracement from 03/2019.
Long
by Leoryder
Is there upside for the EUR/USD?The European Commission wants to borrow €750B to help European Nations less capitalized. This is on the back Germany and France’s proposal for a €500B fund intended to be given as grants to poorer nations such as Italy and Spain. Financial times estimate that Italy could be in line to get close to €82B The extra €250B was suggested by the European Commission in order to fund loans to member states. This tested a critical 1.099 resistance level as bulls rode the rally up on the good news. How is the European Union going to pay for the grants? European Commission President Ursula von der Leyen is proposing a myriad of taxes to pay for this fund. These taxes include a tax on plastic, carbon usage and big tech, raising billions of euros a year. What is the long-term view on the EUR/UISD? As many countries, Europe is being propped up with billions of dollars of quantitative easing. Historically, quantitative easing has put pressure to the downside for the currencies the central banks directly deal with. However, if all the central banks are implementing unprecedented quantitative easing measures, what will dictate the which currency outperforms? It is highly likely that the currencies that outperform are those whose governments lead and excel in their long term actions with regards to the Coronavirus. If we take a look at the reutrns of some currencies against the USD We can see that debatably, the currencies that have had the largest returned implemented effective Coronavirus policies. The risk off rally giving the USD its initial boost have mostly disappeared as risk on sentiment starts in the markets. It is obvious that there are more factors in play, however it is interesting to note the comparison. Are you bullish on the Euro?
by BlackBull_Markets
1