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Nzd-cad

NZD/CAD hits 1-year low. What's next?Hi traders. Here's the daily chart of the NZD/CAD pair that shows a 1-year low reached on Friday. The pair has found some buying pressure this week, which has sent the price retesting a horizontal resistance level around the mid 0.83s. We could also see a retracement to the 61.8% Fib level, which aligns with a falling trendline, before continuing to the downside. We're watching this pair and will wait for a confirmation to make a trading decision. Stay tuned for a trading signal in our Trading Club.
Short
by MujkanovicFX
NZDCAD 1 year forecastWeekly bullish Daily bearish 1hr waving bullish minute bullish Daily holding below MA as resistance 8370 showing support. Idea: price is pulling back to MA zone to make a high for the week and probably fall back down before Friday close. Next week. Probably a little bit more of a bull up then bears might continue the downtrend if we cannot break price zone around 8970. If this happens we could pinch from there and the market will feel a bit uneasy. Ultimately I see bearish. If dollar keeps weaking, commodities will continue to get stronger, cad pairs will have good bullish moment in favor of the Canadian dollar. During times of uncertainty people push their money into save havens and certain currencies as well as other assets. I feel this could play a role right now with a lot going on in our economy. Overall I see us in a channel trend to farther lower prices until we break out of the daily channel I have marked here. This would follow a USDCAD pullback up with NZDCAD going back up a little before CAD continues any strength. Sitting close to the bottom middle of the channel is a tricky spot so volatility can happen here due to the different kinds of traders we have out there. Thoughts? Share below! Thanks everyone!
by AschraM
Easy 250+ pips, dont miss! - NZDCAD - SELLAfter analysis i can say we will haveve much more bigger DOWN trend. CAD is have today rate cut and positive results for CAD are he is gain some strengt, BoC Interest Rate Decision A:1.75% F:1.75% P:1.75%. On NZD today we can see he losing power, my opinion is that trend will going more down. TP1: 0.84080 ENTRY: 0.84330+- SL: 0.84700 Chart time frame - 1D Time for reaching TP - 8 - 72 hours More information soon! Follow, Like, Share or Comment Thanks on supporting! All best!
by UnknownUnicorn3983388
Easy 250+ pips, dont miss! - NZDCAD - BUYAfter analysis i can say we will haveve much more bigger UP trend. NZD is get some power from AUD cut, and staying today for one of strongest valuts. CAD today not showing to much good results what is for expect sp 500 today lower, USD manufacturing lower, oil lower. TP1: 0.84550 ENTRY: 0.84300+- SL: 0.83950 Chart time frame - 1D Time for reaching TP - 8 - 72 hours More information soon! Follow, Like, Share or Comment Thanks on supporting! All best!
by UnknownUnicorn3983388
"NZDCAD: the last impulse of the down move?" by ThinkingAntsOk4H CHART EXPLANATION: - In Weekly Terms, we observe a lateralization in this instrument since 2014. - In April 19', it started its down move towards the level in which it is now. - Price is on an a Descending Channel. - It is currently on a Bearish Corrective Structure. If it breaks it at 0,85, it has potential to move down towards the Support Zone at 0,837. - After this, we expect price to move up. Check out our Weekly and Daily Vision, that support our short idea! Weekly Vision: Daily Vision:
Short
by ThinkingAntsOk