NZDCADPrice failed bullish movement last night due to EURUSD pullback, hoping for now to take its movement up
Nzd-cad
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.
NZD/CAD On the Resistance Zone by ThinkingAntsOk🔸 DAILY CHART EXPLANATION:
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🔸 Price made a strong upside move that broke the Descending Trendline.
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🔸 At this level it can bounce and make a corrective move towards the 0.85500 Zone.
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🔸 If the level can not hold the price, then the bullish impulse could continue towards the Weekly Descending Trendline.
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🔸 Will look for a lower timeframe setup.
🔸4H CHART ANALYSIS:
Several breakdownsPrice broke down through longterm uptrendline on monthly + smaller uptrendlines on daily and now it hit major resistance downtrendline on monthly (its like a roof) as you see and is likely to drop a lot this week as weekly pivot range is very thin. My 1st short target is some 70 pips down at 84.676.
For educational purposes only.
NZDCAD. Drop to target.
Hello dear subscribers!
The price of this currency pair has approached the resistance level.
The price will fall to the target,
it is at around 0.85000.
Good luck to you.
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This idea does not provide the financial advice.
NZDCAD - Clarity at last After weeks of messy PA, previous week NZDCAD experienced a massive meltdown, followed by a very big rally to the upside. Back to 0.85500 once a again. A big order hunt above the liquidity pool occurred that caused the sell off to continue quite rapidly. Price has now broken structure and a lower high formation could provide a good set up
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?
NZD/CAD Breakout Confirmed by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸 Price was facing the Resistance Zone and we were waiting for a definition.
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🔸 Now, we can see that price left some strong bearish rejections at the zone, and the Ascending Trendline of the movement has been broken.
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🔸 It has potential to make a downside move towards the Support Zone.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
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.
