Nzd-cad
NZDCAD Daily, You're WelcomeWhen you look closely at the weekly, this should be a 5 wave "C". Looking at what it has done so far, it counts and measures perfectly for a diagonal exactly like that. Look at my weekly analysis closely so u can trade it with confidence.
NZD/CAD Possible Scenarios by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸 Price is facing the Resistance Zone.
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🔸 The Bullish Scenario will be active if the zone is broken to the upside, and the potential target is the Resistance Zone at 0.87000.
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🔸 The Bearish Scenario will be active if price bounces at the Resistance Zone, and the potential target is the Support Zone at 0.83000.
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🔸 Will look for a lower timeframe setup once the direction is clear.
🔸DAILY CHART ANALYSIS:
NZDCADTF: 1 HR
Price looks to be testing a broken trend line. Looks like it might sell, NZD has been on a tear this week so i'm keeping that in mind. Current price is around the current 0.786 Fibonacci level, not ideal levels but it may prove to work.
NZDCAD will price respect resistance again? This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
NZDCAD | ASCENDING TRIANGLEPrice is on consolidation on the 4 hour timeframe as a result formed an Ascending Triangle. Price is looking like its going to break Resistance as a result of price pattern and NZD has been showing strength in the last couple of hours across board. Either way, I will be looking to go long if price breaks Resistance @0.8555 or go short if price breaks trendline.
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NZDCAD LONG!Hi guys a nice bounce of Pivot here along with a tdi hook and cross will lead to the bearish take over on this trade.
Don't jump in too early
NZD CAD forcsting Maybe the weekend but the worst doesn't stop
forecasting for the next week, could be a set up have 3 ideas and entry's in mind for this if it plays out
NZD CAD SHORTA nice set up here for the short.
We see a wedge pattern emerging and a break out to the downside of the tdi.
NZD CAD SHORTTDI Cross on the 30 min chart with a falling Market Base Line.
MACD has changed colour alongside this and when you consider the bounce of pivot we have a short set up as long as the candle closes with TDI Cross
In-Depth explanation on technicals for NZD/CADThere is so much going on here with NZDCAD from a technical analysis perspective. I decided to make it really clear what is happening here.
On the left side we can see a long term bullish scenario on the 4h. We see an ascending triangle, which is a bullish pattern. The price has been hitting this resistance line multiple times now, and every time the response was slightly less intense. This means that the bulls are slowly winning from the bears here.
On the right side we can see a short term bearish scenario on the 15m. The price just hit an important resistance level, and there is a high probability that we will see a bounce here first.
Depending on how long you are willing to hold this pair you need to choose whether you: a) trade this as a scalp trade, go in now with a short and leave a few hours later or b) wait a bit longer until the price dropped enough for you to find a good opportunity for a long position and hold this pair over a few days.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
NZDCAD appraoching resistance, potential drop! | 21 April 2020Price is approaching resistance where we could be seeing a reversal below this level. Our first resistance level is in line with our 78.6% fibonacci retracement and 78.6% fiboanacci extension. Please also tell us what you would like to see next.
NZDCAD appraoching resistance, potential drop! | 21 April 2020Price is approaching resistance where we could be seeing a reversal below this level. Our first resistance level is in line with our 78.6% fibonacci retracement and 78.6% fiboanacci extension. We will be posting the written version as well so do keep a lookout for that! Please also tell us what you would like to see next.
Don't miss the great buy opportunity in NZDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8443). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 58.
Take Profits:
TP1= @ 0.8555
TP2= @ 0.8684
TP3= @ 0.8798
SL= Break below S2
Don't miss the great buy opportunity in NZDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8443). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 58.
Take Profits:
TP1= @ 0.8555
TP2= @ 0.8684
TP3= @ 0.8798
SL= Break below S2
SYMMETRICAL TRIANGLE BREAKOUT IN NZDCADHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see Symmetrical triangle breakout one can short the pair till its support.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
NZDCAD 4Hour Analysis 4/12/20NZDCAD Long Idea
This pair is still looking bullish on the 4hr and is making a retrace to the 38.2%
If we see a strong rejection from the 0.84500 level we want to target higher toward 0.85600
If 0.84500 breaks it’s likely that our weekly support will be tested around 0.83750
NZDCAD Long PositionAn ascending triangle pattern is developing as the diagonal support is repeatedly tested.
I would expect the uptrend to continue until the horizontal resistance at the 0.854 level is tested (and possibly broken).
Should the resistance be broken, we can expect the uptrend to continue towards the resistance at the previous double-top price level.
Let me know what you think!
