Nzd-cad
NZDCAD 11/4/19NCAD Short Idea DAILY TF
Overall higher timeframe price action has been bearish and we will be looking for potential short opportunities around key resistance
Current price action has currently rejected the 38.2% daily fib level and weekly resistance around 0.85000
Another entry opportunity could present itself soon on a lower time-frame retest/retracement
Look to target toward the monthly support level around 0.82500 followed by a target of the -27% daily fib level around 0.80650
"NZDCAD: Top and Bottom Analysis" by ThinkingAntsOkDaily Chart Explanation:
- Price is on an important Support Zone .
- Bullish Divergence on MACD .
-If price starts its up move from here, it has potential to break the Descending Channel and, then, go towards the Middle Resistance Zone . If price also breaks it, there is potential to move up towards the Major Resistance Zone .
Weekly Vision:
NZDCAD buy signal op [70pips]CAD in last time is not have to much good ec results, strong bulish candle up trend formed, i expecting continuation, technicaly looks good
ENTRY: 0.83800+-
TP1: 0.84100
TP2: 0.84300
TP3: 0.84500
SL: 0.89690
Chart time frame - D
Time for reaching TP - 1 - 4 days
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NZDCAD sell signalI am follow situation on NZDCAD in last period, CAD is gain positive results from Employemnt change yestarday, which is give to CAD power, time line on good place, technicaly looks more on sell.
ENTRY: 0.83640
TP1: 0.83300
TP2: 0.83000
TP3: 0.82900
SL: 0.84300
Chart time frame - 1D
Time for reaching TP - 1-4 days
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NZDCAD: Sell opportunity within a 6 month Channel Down.The pair is trading within a 1W Channel Down (RSI = 37.641, MACD = 0.014, Highs/Lows = -0.0048) since the end of March 2019. The pattern has provided clear Lower Highs (to short) and Lower Lows (to long). At the moment the price is rebounding off a Lower Low on a bullish 1D RSI sequence. Last time this 1D sequence took place within the Channel Down was in May and followed with a marginal cross above the 1D MA50 (light blue trend line) as it priced the Lower High.
We expect a similar price action this time as well, so be ready to short the cross with a potential Target Zone of 0.81000 - 0.82000.
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NZDCAD: Trading Plan
on NZDCAD there is a high chance to see bullish continuation.
For confirmation, we are waiting for a bullish breakout of a resistance line of a triangle.
Stop will be below the lowest point of the triangle
Target levels:
0.846
0.850
*if the market closes below the support of the triangle, setup will be invalid
NZDCAD buy signal opportunityI am folow situation on trade talks we are have 5 diferent news today, last news are be positive for EUR, AUD, NZD, CAD they are gain power, CHF, JPY are lose power, i expecting after my analysis to see push higher in price.
ENTRY: 0.84050
TP1: 0.84350
TP2: 0.84700
TP3: 0.85000
SL: 0.83000
Chart time frame - 1D
Time for reaching TP - 1-5 days
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"NZDCAD starting its up move" by ThinkingAntsOkDaily Chart Explanation:
- Price is on an important Support Zone.
- Bullish Divergence on MACD.
-If price starts its up move from here, it has potential to break the Descending Channel and, then, go towards the Middle Resistance Zone. If price also breaks it, there is potential to move up towards the Major Resistance Zone.
Weekly Vision:
Updates coming soon!