Get started

Nzd-cad

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
NEW TRADINGSTYLE - NZDCAD - SWING - 23. JAN. 2019WELCOME TO DACAPITAL-TRADING! NZDCAD FOREX BREAKDOWN 23 JANUARY 2018 1 HOUR Market exploded bullish into actual resistance area, good short entrys! 4 HOUR Skyrocket without bearish pressure, expecting a turn now.. DAILY Bearish-Sideways market structure with pullbacks, following this trend! LEVELS SELL NZDCAD ENTRY @ 0.90620 SL @ 0.90900 (30 Pips) TP @ 0.89570 (100 Pips) RR: 3.75, normal swing trade! IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
Short
by DACapitalTrading
NZDCAD approaching resistance, potential drop!NZDCAD is approaching our first resistance at 0.9086 (horizontal overlap resistance, 50% Fibonacci retracement , 100% fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 0.9001 (50% fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is also approaching resistance 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 easyMarkets
NZDCAD approaching resistance, potential drop! NZDCAD is approaching our first resistance at 0.9164 (Horizontal swing high resistance, 61.8% fibonacci extension, 50% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.9077 (horizontal swing low support, 61.8% fibonacci extension). 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