Get started

Nzd-cad

COULD NZDCAD OFFER SIGNIFICANT LONG TERM UPSIDE MOVE?Hi Traders, The 4-hour chart of NZDCAD shows a bullish move from October 2018 as a classic five-wave impulse in wave (A) "black." According to the Elliott Wave theory, a three-wave correction in the opposite direction follows every impulse pattern. And indeed, the rest of the chart reveals an A-B-C zigzag correction in wave (B) that rejected the 38.2 Fib ratio and support level so far. . If this count is correct, there is a complete 5-3 cycle to the upside, and this means another five-wave bullish impulse can be expected in wave (C) from now on. . Given that the bulls already made the first impulse in wave 1 of (C), and we have a three-wave a-b-c regular flat pattern in wave 2 of (C) that reversed from 78.6 Fib ratio, a bullish continuation is expected in 3 of (C) whose potential target lies between 1.618 - 2.618 as planned on the chart. . The Friday's bullish engulfing candle on the Daily chart further confirm the completion of wave 2 correction and could be used as a signal to enter the bullish setup. Safe Trading! Veejahbee.
Long
by Veejahbee
NZDCAD approaching resistance, potential drop!NZDCAD is approaching our first resistance at 0.9116(61.8% Fibonacci retracement , 61.8% Fibonacci extension , horizontal swing high resistance) where we might see a drop in price to our first support at 0.9035 (horizontal swing low support, 61.8% Fibonacci extension . 50% Fibonacci retracement ). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Klimex
NZDCAD approaching support, potential bounce! NZDCAD is approaching our first support at 0.9003 (horizontal overlap support, 50%, 100% Fibonacci extension) where we might see a corresponding bounce in price to our major resistance at 0.9094 (horizontal swing high resistance, 50% Fibonacci retracement). Stochastic (34,5,3) is also seeing a bullish divergence and is approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
NZDCAD Reversed Off Resistance, Prepare For Further Drop NZDCAD reversed off its resistance at 0.9119 (100% Fibonacci extension ,61.8% Fibonacci retracement , horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 0.0.8984 (61.8% Fibonacci retracement ,61.8% Fibonacci extension ). Stochastic (55,5,3) is also reversing off its resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Klimex
NZDCAD Bounced Off Support, Prepare for A Further RiseNZDCAD bounced nicely off its support at 0.9052 (horizontal overlap support, 61.8% fibonacci extension , 61.8% fibonacci retracement ) where it could potentially bounce to its resistance at 0.9122 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement ). Stochastic (21, 5, 3) is bounced off its support where a corresponding rise could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Long
by Klimex
NZDCAD approaching support, potential bounce! NZDCAD is approaching our first support at 0.8921 (horizontal swing low support, 38.2% fiboancci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.8994 (horizontal swing high resistance, 38.2% fiboancci retracement). Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
NZDCAD approaching resistance, potential drop! NZDCAD is approaching our first resistance at 0.9012 (horizontal pullback resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.8974 (Horizontal pullback support, 50% Fibonacci retracement). Stochastic (55, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Short
by Tickmill
SHORT NZDCAD approaching resistance, potential drop!NZDCAD is approaching our first resistance at 0.9006 (Horizontal overlap resistance, 61.8% Fibonacci extension , 38.2% Fibonacci retracement ) and a strong drop might occur pushing price down to our major support at 0.8955 (78.6% Fibonacci retracement ). Ichimoku Cloud is also showing bearish cloud and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Klimex
NZDCAD 01.31.19 BUY SETUP APPROACHING #FOREX Buy Opportunities As explained yesterday's live trading session, we were waiting for price to close above consolidation on the 1H & 4H timeframe. Price has confirmed that movement. We now wait for pullbacks and signs of a reversal to take price to 0.91625. View the chart for more detail. Please wait sellers' exhaustion which is typically show by wicks and candlestick patterns on key disturbance zones. Be patient and trade responsibly.
Long
by IAmTheDisciplinedTrader
NZDCADThe previous trade went through the stop today, but now when looking at it, it's also not breaking up. It has formed a bearish wedge and it is still below that red resistance zone on the left. Therefore i am going to short it again. I will close 30% around the yellow circle, will move stop to entry as well when we close in on that target and i will let the rest run. Normally i leave an asset when a stop gets hit, but these patterns still look too good. Previous analysis:
by botje11
1
NZDCAD: Second Right Sholder at Important Resistance?NZDCAD didn't manage to trigger our short position as it found support right at the SHS neckline. The pair is now flirting with a major resistance level around 0.9070, with a third attempt to break above that level. A failure to break above could send the pair down again to the lower 0.89xx levels. Let's wait for the daily close and see whether a short is possible in the near-term. Head and Shoulders patterns with multiple right shoulders are also a valid pattern to trade. It seems that a second right shoulder is about to form.
Short
by MujkanovicFX
NZDCAD BEARISH CONTINUATION TRADE SETUPHi Traders, The NZDCAD reversed from a weekly descending trendline that lined up with horizontal resistance level and made an impulsive move down "Wave W," which broke out of ascending trend line and support level. . This pair has retested the broken zone and seems to have completed building bullish ABC FLAT corrective chart pattern "Wave X," which could indicate a continuation of the downtrend. . Considering that we have a triple top pattern and bearish rejection candles on the daily chart further confirming the short bias, we will wait for the break out of the blue CTL for a conservative short entry. . The take profit level is the descending channel support that lined up with the horizontal support level as projected on the chart. . Wish you all a successful week ahead, Veejahbee.
Short
by Veejahbee