Nzd-cad
NZDCADSELL OPPORTUNITY
HEAD SHOULDER FORMED, I EXPECT THIS TO SELL.
ALSO ON DAILY THERE REVERSAL PATTERN SHOWN FOR A WHILE NOW.
GOODLUCK
NZD/CAD Swing OppurtinityPotential swing opportunity forming on the weekly time frame for NZD/CAD.
Confirmations -
1 - Multiple rejections on the long term trend line
2 - Potential Head and Shoulder pattern forming on the weekly timeframe
3 - Retest of resistance
AUDCHF Testing Resistance, Potential ReversalAUDCHF is testing its resistance at 0.7129 (61.8% Fibonacci extension , 61.8 % Fibonacci retracement , horizontal overlap resistance) where a reversal to its support at 0.6970 (38.2% Fibonacci retracement , horizontal swing low support) may occur.
Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop may occur.
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.
NZD CAD BUY (NEW ZEALAND DOLLAR – CANADIAN DOLLAR)Hi there. Wait for the price to form a continuation pattern and watch strong price action for buy.
NZD/CAD Sell, short opportunity!Check and confirmed by all time frames!
This is a quick in and out trade!
NZD/CAD QUICK SCALPING OPPORTUNITYNZD/CAD HAS MADE SOME BEAUTIFUL MOVEMENT THIS WEEK BUT IT'S NOW TESTING SOME SERIOUS RESISTANCE HERE. SHORTING HERE FOR A QUICK 30 PIPS WITH A TIGHT STOP LOSS. DYOR!
NZD/CAD (Daily Chart) - Resisted by Bearish TrendlineAfter hitting the top of the major down trendline, the sellers have started stepping in to push the price down.
Consecutive bearish price bars show that selling is strong.
Will continue to ride my short positions.
NZDCAD Technical Analysis by @Trader_NicoPrice has been in a downward trend for 2 years and is currently at the top of the descending channel we are looking for a retest to go short around the price of 0.90-0.91. Possible catalyst being the BOC Statement coming up this week. We will be keeping an eye closely to catch the next leg down on this downward play.
NZD/CAD breaks below 55-EMA, eyes 200-DMA, stay shortBreaks below 55-EMA and major trendline support.
Dip till 200-DMA likely.
Short NZD/CAD below 21-EMANZD/CAD finds strong support at 21-EMA, break below to see weakness.
Bearish divergence on RSI and Stochs which adds to the bearish bias.
Support levels - 0.9084 (21-EMA), 0.9035 (23.6% Fib), 0.90, 0.8914 (200-DMA)
Resistance levels - 0.9143 (5-DMA), 0.92, 0.9251 (Dec 11 high)
Watch out for break below 21-EMA to go short, target 0.8950/ 0.8915.
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
NZD/CAD Buy limit signal!NZD/CAD
BL@ 0.90350
TP @ 0.92350
SL @ 0.89350
Trading mindset:
1. Use 1% risk
2. 1:2 risk/reward
3. Wait for update to close manual!
In longer term it pays off very well and keeps your capital safe!
Breakeven: If you are correct 33% of the time, your capital is safe.
Adopt this mindset in order to be successful trader.
GBPNZD Approaching Resistance, Potential ReversalGBPNZD is approaching its resistance at 1.8677 (23.6% & 61.8% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse to its support at 1.8468 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is testing its resistance at 93% where a corresponding reversal could occur.
NZD/CAD Scalp Opportunity: Trend Channel broken, Retested. Also NZDCAD is following a downward trend on daily chart if you zoom out. Right now we are touching the top of that channel. Very good opportunity if price respects trend.
