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Nzd-cad

NZDCAD 2nd bearish wave !! 100PIPSPrice rejected 0.8800 with a huge rally to 0.8630, breaking the up-trend iniciated on oct'19 ! Since then it's been consolidating with a 40-50pips range! I'm in a Sell right now on 0.8675 where price touched 0.382 fib and got rejected, already in 30pips profit and secured at entry! My initial thought, was that the 0.618 lvl was looking more reliable and i still think price can managed to ge there before the next move down! Lets see! What do you think?? Let me know your opinion in the comment sessions! Also, if you want to join us in a chat group where we can all share our opinion and vision of the market, you are welcome! t.me/tradingbayfx
Short
by rodriguesths
NZDCAD - Sell Opportunity Looking at Kiwi-Cad from the monthly perspective, we can clearly see that this pair is within a range. In addition to this, the monthly uptrend structure has been broken and would provide us of an indication with regards to a long term trend change. The structure is currently creating lower highs and lower lows, also indicating a H&S pattern on the 4HR timeframe, which is considered a liquidity grab in order for the pair to move to the downside. The inner trend line as shown has also been broken. We are awaiting a break and retest of the 0.8625 level. This will activate sell orders. We have a mid-term target of 0.8460, providing us with a yield of 2%. Our long term target will be the supply zone of 0.83000, providing us with an overall yield of 4%.
Short
by IsmailEsat
1
NZDCADAveiq Capital Management Group 15th January 2020 Looking at Kiwi-Cad from the monthly perspective, we can clearly see that this pair is within a range. In addition to this, the monthly uptrend structure has been broken and would provide us of an indication with regards to a long term trend change. The structure is currently creating lower highs and lower lows, also indicating a H&S pattern on the 4HR timeframe, which is considered a liquidity grab in order for the pair to move to the downside. The inner trend line as shown has also been broken. We are awaiting a break and retest of the 0.8625 level. This will activate sell orders. We have a mid-term target of 0.8460, providing us with a yield of 2%. Our long term target will be the supply zone of 0.83000, providing us with an overall yield of 4%.
Short
by AveiqCapital
3
NZDCAD, New Zealand Dollar - Canadian Dollar: Chart PatternFX:NZDCAD Why are we using technical analysis? We take all the fundamental information directly on the chart, and we always take as reference the levels that the price action offers us. In Forex, the trends that develop are slower than those of equities or commodities. Most traders try to make a profit by hitting and run in this market thinking that they will achieve extraordinary performance. Remember that if you achieve performance above 30% per year on average, you are an extraordinary trader. What we recommend, is to diversify the markets using the best strategies backtested by you while maintaining your strict rules. Good Trading at All!
Short
by SwissTradingSchool
NZDCAD - 0.87000, turning point? 0.87000 Rejected and liquidity being fulfilled at this price. Possibilities here are as follow; Short on a second attempt to break 0.87000 with lowered risk. Await price to hit 0.86400 price range or even lower at 0.86000. Potential long positions around these price levels. Although NZDCAD is in a very strong rally now for the past several weeks. I'm cautious with big trades. Would prefer intra - day positions now until further clarity on this trend. (swing positions)
by OFT-Forex
1
NZDCAD DAILY 11/30/19NZDCAD LONG IDEA NZDCAD has been very bearish on the higher time-frames but we have seen a bit of a bullish trend on the daily. We can see that the weekly resistance level around 0.85000 was broken last week and price action is currently consolidating. Although we see a lot of exhaustion on the daily there is bullish pressure still present. On a 4hour time-frame we can see that this area is consolidating in a range and has formed a rectangle. We will need to see some conviction and this range broken but ultimately we are looking to target higher The daily 61.8% and monthly resistance around 0.86400 is going to be our target which is about 115+ pips higher from current price
Long
by ForexLeague
NZDCAD: Long term Buy opportunity.The pair is on a strong 1D Channel Up (RSI = 61.239, ADX = 42.796) since the rebound on the 0.82450 Support. This support level has been holding since 2015 and we are expecting this rebound to be extended on a much longer time frame. If the 2016 sequence is replicated then, after a short rejection on the 1W MA50, the pair should reach the last 1W Resistance. This is essentially our Target Zone: 0.91750 - 0.92800. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope