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Nzd-cad

A new opportunity in the trend of NZDCADMidterm Forecast: There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.8785 would begin in Midterm. We will close our open trades. if the Midterm level 0.8785 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is formed in the daily chart at 0.8825 on 08/08/2018, so more losses to support(s) 0.8400, 0.8310, 0.7965 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. Relative strength index (RSI) is 24. Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Trade Setup: We opened 8 SELL trade(s) @ 0.9162 (day close price) based on 'Shooting Star' at 2018.06.22 signaled by DTO: Total Profit: 2270 pip Closed trade(s): 1744 pip Profit Open trade(s): 526 pip Profit Closed Profit: TP1 @ 0.9110 touched at 2018.06.26 with 52 pip Profit. TP2 @ 0.9065 touched at 2018.06.27 with 97 pip Profit. TP3 @ 0.9000 touched at 2018.06.28 with 162 pip Profit. TP4 @ 0.8930 touched at 2018.06.29 with 232 pip Profit. TP5 @ 0.8860 touched at 2018.07.02 with 302 pip Profit. TP6 @ 0.8785 touched at 2018.08.02 with 377 pip Profit. TP7 @ 0.8640 touched at 2018.08.09 with 522 pip Profit. 52 + 97 + 162 + 232 + 302 + 377 + 522 = 1744 pip Open Profit: Profit for one trade is 0.9162(open price) - 0.8636(current price) = 526 pip 1 trade(s) still open, therefore total profit for open trade(s) is 526 x 1 = 526 pip Take Profits: TP1= @ 0.9110 TP2= @ 0.9065 TP3= @ 0.9000 TP4= @ 0.8930 TP5= @ 0.8860 TP6= @ 0.8785 TP7= @ 0.8640 TP8= Free
Short
by ForecastCity
1
NZDCAD - WEEKLY SWING - 30. JULY 2018WELCOME TO DACAPITAL TRADING!! NZDCAD just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Bullish reaction to 0.88350 DAILY Right now sideways but bearish movement WEEKLY Very Price action occurred after taking out 0.922 LEVELS SELL NZDCAD @ 0.89120 SL @ 0.89770 (65 Pips) TP1 @ 0.88410 (75 Pips) TP2 @ 0.88160 (100 Pips) MOVE SL TO BE @ HIT OF 88.6 FIB! Weekly Wave Swing, Close 3/4 Position at Hit of TP1! Enjoy our limited Free Content and Setups, leave us a like and Comment!! DACAPITAL TRADING
Short
by DACapitalTrading
14
A new opportunity to Sell in NZDCADMidterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend. Technical analysis: .While the RSI resistance #1 at 73 is not broken, the probability of price increase would be too low. .A peak is formed in daily chart at 0.9160 on 06/08/2018, so more losses to support(s) 0.9110, 0.9065, 0.9000 and more depths is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index ( RSI ) is 64. Trading suggestion: There is possibility of temporary retracement to suggestedSell Zone (0.9170 to 0.9240), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.9170) Ending of entry zone (0.9240) Entry signal: Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.9110 TP2= @ 0.9065 TP3= @ 0.9000 TP4= @ 0.8930 TP5= @ 0.8860 TP6= @ 0.8785 TP7= @ 0.8640 TP8= @ Free
Short
by ForecastCity
4
A new opportunity to Sell in NZDCADMidterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend. Technical analysis: .While the RSI resistance #1 at 73 is not broken, the probability of price increase would be too low. .A peak is formed in daily chart at 0.9160 on 06/08/2018, so more losses to support(s) 0.9110, 0.9065, 0.9000 and more depths is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index ( RSI ) is 64. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (0.9170 to 0.9240), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.9170) Ending of entry zone (0.9240) Entry signal: Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.9110 TP2= @ 0.9065 TP3= @ 0.9000 TP4= @ 0.8930 TP5= @ 0.8860 TP6= @ 0.8785 TP7= @ 0.8640 TP8= @ Free
Short
by ForecastCity
NZDCAD - WEEKLY SWING - 16. JULY 2018WELCOME TO DACAPITAL TRADING!! NZDCAD just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Bearish reaction after taking out 0.899 KL DAILY Overall very bearish heading towards new lows WEEKLY Expecting market to form new lows this week after this explosive bearish pressure LEVELS SELL NZDCAD @ 0.89500 SL @ 0.90110 (60 Pips) TP1 @ 0.88830 (70 Pips) TP2 @ 0.88580 (90 Pips) MOVE SL TO BE @ HIT OF 88.6 FIB! Weekly Wave Swing, Close 3/4 Position at Hit of TP1! Enjoy our limited Free Content and Setups, leave us a like and Comment!! DACAPITAL TRADING
Short
by DACapitalTrading
5
NZDCAD - WEEKLY SWING - 10. JULY 2018WELCOME TO DACAPITAL TRADING!! NZDCAD just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Small and Slow pullback to the upside in H4 Timeframe DAILY We have a Bullish Daily Wave with over 5 Days expecting a drop now.. WEEKLY Small Pullback last two weeks after a big drop!! LEVELS SELL NZDCAD @ 0.89780 SL @ 0.90990 (120 Pips) TP1 @ 0.88360 (140 Pips) TP2 @ 0.87980 (180 Pips) MOVE SL TO BE @ HIT OF 88.6 FIB! Weekly Wave Swing, Close 3/4 Position at Hit of TP1! Enjoy our limited Free Content and Setups, leave us a like and Comment!! DACAPITAL TRADING
Short
by DACapitalTrading
6
NZDCAD Policy Divergence Trade IdeaThe New Zealand Dollar has fallen significantly across the board recently due to uncertainty regarding monetary policy. On the other hand, the Canadian central bank is likely to hike rates next week, which provides a potential policy divergence trade on the NZDCAD pair. The Reserve Bank of New Zealand have changed their stance on monetary policy recently by stating that the next rate move could be up or down and either move is equally likely due to domestic and global economic conditions. At the same time, other major central banks are either hiking or holding rates with the intention to tighten as soon as they see fit. This has made traders extremely bearish on the New Zealand Dollar. Data from New Zealand and comments from the RBNZ will hold a lot of importance over the next few months as it will determine which way rates are most likely to go. Meanwhile, the Bank of Canada are set to hike rates next week with investors pricing in a 70% chance of the hike. Although Canada faces economic uncertainty from the global trade war as well as the possible collapse in the NAFTA negotiations, inflation is at 2% and the bank expects to continue hiking rates. These contrasting monetary policies have already resulted in a 4% drop on the NZDCAD currency pair since mid-June. In addition, the pair has retraced almost 38.2%. This provides an opportunity to enter into short positions which can be held over a short or medium term. With the BOC hike almost fully priced in, investors will be more interested in the policy statement when it is released next week. In addition, forecasts for the New Zealand CPI will be coming out next week Friday which could add further pressure to the Kiwi. The main risks to this trade would be a dovish hike from Canada, NAFTA news resurfacing or a string of positive data from New Zealand. In current situations, further pullbacks on this pair provide opportunities to enter or add to existing positions unless there is a fundamental reason for the move upwards. Targets for this pair are at 0.87, 0.86 and 0.84.
Short
by priyesh
NZD/CAD breaks below daily cloud, eyes 88.6% FibNZD/CAD is extending previous week's massive slump where the pair fell over 3.25%. The major has started the week on a bearish note, trades 0.22% lower on the day at 0.8881 at the time of writing. Price action as slipped below daily cloud and is currently hovering around 78.6% Fib. Break below eyes next major support at 88.6% Fib at 0.8836 ahead of 0.8825 (trendline) and May 17 low at 0.8786. Technical analysis supports downside in the pair. Our currency strength index also shows bearishness for the pair. We see bearish invalidation only on retrace above 200-DMA at 0.9039. Support levels - 0.8861 (Jan 3 low), 0.8836 (88.6% Fib), 0.8825 (trendline support) Resistance levels - 0.89, 0.8982 (5-DMA), 0.90, 0.9039 (200-DMA) Good to stay short on upticks, SL: 0.8945, TP: 0.8860/ 0.8825/ 0.8790
Short
by FxWirePro
NZD/CAD rejected at 100-DMA, 55-EMA break opens up downsideNZD/CAD attempts to break above 100-DMA have been rejected at multiple occassions since June 5th trade. Price has now broken below strong support at 55-EMA which has opened up downside for the pair. Technical indicators have also turned bearish. RSI below 50 levels, bias lower. Stochs are sharply lower and MACD is on verge of a bearish crossover on signal line. Next immediate support lies at 0.9058 (38.2% Fib). Break below could see weakness till cloud base. On the upside, 5-DMA at 0.9133 is immediate resistance. Break above 100-DMA needed for meaningful gains. Support levels - 0.9058 (38.2% Fib), 0.9006 (50% Fib), 0.8955 (61.8% Fib and cloud base) Resistance levels - 0.9094 (55-EMA), 0.9131 (5-DMA), 0.9173 (100-DMA) Good to go short on close below 55-EMA, SL: 0.9175, TP: 0.9060/ 0.90/ 0.8955
Short
by FxWirePro
1
NZD/CADAt this point Ncad is showing some nice divergence between wave s 3 and 5 and we do have an ending diagonal. It only came off the 50% retrace fib, but we may be getting an A-B-C that may reach that level. Considering it is a 5 wave I would expect a 3 wave to follow, then more correction up. I drew a zone that we may get a flag from to continue down. If it makes a small correction and produces a buy setup I would look for it to go up to that .618, but as off now, looks like a completed 5 wave, but trading reversals within corrective structure is not my favorite setup considering the corrections they can go into, so this is just info for someone who can read price action, but simply put. count 5, then 3. The 5 wave measures out as a five 5 as wave 3 hit the 1.618 extension. Plus the overlapping price action, probably sell. At this point, just breaking trend line, confirmation will be a flag. If we get an A-B-C, scalping the "C" wave is the safest thing to do.
Short
by thillygoosth
Another trading opportunity to sell in NZDCAD.Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend. Technical analysis: While the RSI resistance #1 at 60 is not broken, the probability of price increase would be too low. A trough is formed in the daily chart at 0.8785 on 05/17/2018, so more gains maximum to Trend Hunter Sell Zone (0.9110 to 0.9170) is expected. Price is above WEMA21, if the price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 56. Trading suggestion: There is a possibility of temporary retracement to suggested Sell Zone (0.9110 to 0.9170). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.9110) Ending of entry zone (0.9170) Entry signal: Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @0.9000 TP2= @ 0.8930 TP3= @ 0.8860 TP4= @ 0.8785 TP5= @ 0.8640 TP6= Free
Short
by ForecastCity
Another trading opportunity to sell in NZDCAD.Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend. Technical analysis: While the RSI resistance #1 at 60 is not broken, the probability of price increase would be too low. A trough is formed in the daily chart at 0.8785 on 05/17/2018, so more gains maximum to Trend Hunter Sell Zone (0.9110 to 0.9170) is expected. Price is above WEMA21, if the price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 56. Trading suggestion: There is a possibility of temporary retracement to suggested Sell Zone (0.9110 to 0.9170). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.9110) Ending of entry zone (0.9170) Entry signal: Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @0.9000 TP2= @ 0.8930 TP3= @ 0.8860 TP4= @ 0.8785 TP5= @ 0.8640 TP6= Free
Short
by ForecastCity