Nzd-cad
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.
NZD CAD SELL (NEW ZEALAND DOLLAR – CANADIAN DOLLAR)Hi there. Price has moved impulsively at the top of the pattern for one more drop. Wait for the price to form a continuation pattern on a lower time frame and watch strong price action for sell.
Short NZDCAD @ 0.9220; TP @ 0.9036, SL your choiceShort NZDCAD @ 0.9220; TP @ 0.9036, SL your choice
NZD/CAD (Weekly Chart) - Nearing Top of RangeThis pair is nearing the top of the large range, meaning the odds for a short trade are becoming better.
The biggest question is where the bears will start stepping in.
Currently, the momentum is still bullish, so I will continue to monitor for signs of red bars forming to signify the sellers coming in.
It could happen at the current levels, or near the 0.96079 level.
NZDCAD on a keylevel for sellRigh now we have the price of NZDCAD on a key level, we wait for a confitmation candle on H1 and we go short, this is a swing trade so hold it until you have 20pips running on profit and secure at break even, happy profits!
NZDCAD 60 TF Potential Cloud Bounce or Channel tradeMonthly and Daily Time frames are bullish
Have a pullback to the Senkou A (top of the cloud)
which is very strong support area. the prior 2 candles 1am and 2am est. were indecision candles
unable to push the market down.
2 Potential trades:
1. Cloud Bounce:
A. If we get a Bullish engulfing candle off of the cloud we can enter the trade.
Entry = approximately = 0.9130
Stop = .9077 (10 pips below the Senkou B - bottom of the cloud)
Risk = approximately 53-60 pips
Profit target: .9207 (10 pips before the Daily D ext. Blue line on chart)
Reward = 77 pips
RRR = approximately 1.5 - 1
2. Channel Trade:
If price penetrates the cloud, place buy limit orders at the Senkou B (bottom of the cloud)
This is a great support level and will provide at the very least a short term bounce back to the top of the cloud
or possibly a continuation upto the Daily D ext.
Entry = .9087
Stop = .9067
Risk = 20 pips
Profit targets: 1st= .9117 RRR = 1.5-1
2nd= .9207 (10 pips before the Daily D ext. blue line on chart) RRR = 6 -1 :)
** depending on the strength of the move up, you may want to move your stop to flat at the first pt.
and let it run to the 2nd pt.
ASX Approaching Support, Potential Bounce!ASX is approaching our first support at 5586 (horizontal overlap support, 61.8%, 100% Fibonacci extension , 50% Fibonacci retracement ) where a strong bounce might occur pushing price up to our major resistance at 5908 (horizontal swing high resistance, 38.2% Fibonacci retracement ).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
NZDCAD approaching resistance, potential drop!NZDCAD is approaching our first resistance at 0.9228 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 0.9061 (100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence where 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 (Daily Chart) - Heading into Overbought LevelsAfter running into overbought levels, this pair has seen a slowdown in the buying momentum, and most recently printed a bearish pin-bar (shooting star).
This is a sign of sellers stepping in, and we could see price head down to test the prior support.
I currently am short on this, and will continue to provide updates in my Telegram channel.
Possible Cypher on NZDCAD 1hThis little Cypher is about to complete on the Leg AB of a bigger pattern I'm looking at.
Numbers look like this:
Entry: 0.89812
SL: 0.8945 (Conservative)
TP1: 0.90268 (.382CD 1.28 RR)
TP2: 0.90550 (.618CD 2.07 RR)
NZD CAD SELL (NEW ZEALAND DOLLAR – CANADIAN DOLLAR)Hi there. Price is forming a reversal pattern to change it’s direction. Wait for the price to hit the top of the pattern and watch strong price action for sell. We forecast that the down move will be corrective or will form a continuation pattern to the upside. Let’s wait and watch how it behaves.
NZD/CAD 200-DMA breakout, target 61.8% Fib at 0.9061NZD/CAD has broken stiff resistance at 200-DMA raising scope for further upside.
Technical studies are supportive of further gains. Momentum with the bulls.
Next bull target lies at 61.8% Fib at 0.9061. Break above 200W SMA at 0.9079.
On the flipside, immediate support lies at 200-DMA at 0.8934. Retrace below could see weakness.
