Nzd-cad
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!
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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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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!
NZDCAD 4hour Analysis 4/5/20NZDCAD Short Idea
All major timeframes are significantly bearish and we are looking to continue with this trend.
At the current level we would like to see a retest of our weekly resistance followed by strong bearish setups. This would present a high probability trade and one that would be of good risk to reward.
Look to target lower toward major support levels and potentially all the way down toward our monthly support around 0.80500
NZDCAD 4hour Analysis 3/22/20NZDCAD Short Idea
This pair is looking very bearish on the weekly, daily and 4 hour timeframes
Currently we are in what seems like the next bearish leg of this trend. We are looking to target toward the -27% fib level around 0.78500
Potential to enter on a retest of 0.82550 followed by strong bearish setups