Nzd-cad
Don't miss the great buy opportunity in NZDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8501). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 0.8645
TP2= @ 0.8790
TP3= @ 0.8905
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 (0.8501). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 0.8645
TP2= @ 0.8790
TP3= @ 0.8905
SL= Break below S2
NZDCAD: Trend Shift
hey traders,
It looks like NZDCAD is finally going to reverse.
from summer the market started to slow down
and with the formation of the higher low, I think that the sentiment is steadily changing from bearish to bullish on this currency pair.
one thing that we need is the bullish break and close above the neckline - 0.85 level.
then we are free to buy the pair expecting bullish continuation to 0.86/0.87 level.
NZDCAD DAILY 11/17/19NZDCAD SHORT IDEA
Overall higher time-frame analysis shows that price action has been majorly bearish
Current price action is near the daily 38.2% fib level as well as a weekly resistance level around 0.8500
To support our bearish sentiment we would like to see strong bearish setups coming from the current level and pushing down toward 0.83500
Upon a break and retest of the 0.83500 level we will target toward our monthly support around 0.82500 followed by a target toward our daily -27% fib level near 0.80600
If price action breaks the 0.8500 look for price to reach the daily 61.8% fib level around 0.86300
NZDCAD: Trading Plan
NZDCAD is approaching a strong level of resistance.
We have an opportunity to catch a retracement.
pay close attention to a potential head and shoulders formation.
market is currently forming a right shoulder.
let it complete it and then look for an occasional breakout.
Target levels will be:
0.844
0.841
stop will be above the right shoulder.
NZDCAD: Trading Plan
NZDCAD is approaching a strong level of resistance.
We have an opportunity to catch a retracement.
pay close attention to a potential head and shoulders formation.
market is currently forming a right shoulder.
let it complete it and then look for an occasional breakout.
Target levels will be:
0.844
0.841
stop will be above the right shoulder.
NZDCAD DAILY 11/9/19NCAD Short Idea
Higher time-frame analysis suggests a bearish continuation as that has been the overall trend
Current price action has rejected the daily 38.2% fib level with a strong evening star pattern and extreme exhaustion but is now sitting at a support zone around 0.83600
We will look for a significant break of this zone followed by a retest with good bearish confirmation before entering short
Looking to target toward the monthly support & 0% fib level around 0.82500 followed by a second target down to the -27.2% & weekly support near 0.80250
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