NZDCAD This rise is a great opportunity to sellThe NZDCAD pair provided us with one of the best short opportunities (see chart below) earlier this year in January, which was confirmed when the 1D MA100 broke:
As you can see, this created a Channel Down pattern and the recent rise that broke above the 1D MA50 (blue trend-line) is the bullish leg towards the new Lower High. Technically it shouldn't exceed the 1D MA200 (orange trend-line) but there is some probability that since we have Diverging Lower Lows (dashed) we may see a Diverging Lower Highs trend-line emerge. In any case, with the 1D RSI the closest to the 70.00 overbought barrier since July 14 and the last Lower High, the Risk/ Reward favors shorting, with our targeting being at 0.78515 (-5.20% decline as the last two, contacting the Diverging Lower Lows trend-line).
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Nzd-cad
NZDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.80800 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.80800 support and resistance area.
Trade safe, Joe.
NZDCAD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring NZDCAD for a selling opportunity around 0.80700 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.80700 support and resistance area.
Trade safe, Joe.
NZDCAD Potential DownsidesHey Traders, in today’s trading session we are monitoring NZDCAD for a selling opportunity around 0.80200 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.80200 support and resistance area.
Trade safe, Joe.
NZDCAD Potential DownsidesHey Traders, in today’s trading session we are monitoring NZDCAD for a selling opportunity around 0.80600 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.80600 support and resistance zone.
Trade safe, Joe.
NZDCAD: Curve Analysis (2W)📉 Based on the 2-week chart of NZDCAD, the pair is currently trading in a descending triangle pattern. This is a bearish pattern that suggests that the price is likely to continue to decline. The price has been making lower lows and lower highs within the triangle, which is a sign of weakness. Both the Simple and the Exponential 200-day moving averages are also sloping downwards, which further supports the bearish trend.
📉 Price Action (PA) is currently reacting from Resistance @ 0.8075
📈 The next support level for NZDCAD is around 0.7930. If the price breaks below this level, it could decline to 0.7760 or even lower. However, if the price bounces off the first support level, it would be an odds enhancer that Price Action has returned to its BIG PICTURE uptrend.
✍️ Overall, the technical analysis for NZDCAD is bearish. The descending triangle pattern suggests that the price is likely to continue to decline. Since this is highly probable, I have a pending BLO @ 0.7950.
⚠️ HIGH RISK OPPORTUNITY
SSO @ 0.8050
TP @ 0.7955
BLO @ 0.7950
If the CAD News @ 08:30 ET / 05:30 PT proves to be strong, then we'll experience the downtrend that appears to be on the horizon for this pair.
NZDCAD Potential DownisdesHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.80350 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.80350 support and resistance area.
Trade safe, Joe.
NZDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring NZDCAD for a buying opportunity around 0.80300 zone, NZDCAD was trading in a downtrend and successfully managed to break it out. currently we are waiting for a correction to see a potential retrace of the trend towards more highs.
Trade safe, Joe.
NZDCAD - Strong Support Ahead 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
NZDCAD has been overall bearish trading inside the falling channel in red, and it is currently approaching the lower trendline.
Moreover, the 0.79 - 0.8 is a strong support zone.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline.
As per my trading style:
As NZDCAD is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDCAD Potential UpsidesHey Traders, in the coming week we are monitoring NZDCAD for a buying opportunity around 0.84100 zone, NZDCAD is trading in a downtrend and currently seems to be attempting to break it out. Once we get rallies above the trend we will be watching a potential retrace of the trend towards more highs.
Trade safe, Joe.
NZDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.81950 zone, NZDCAD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
NZDCAD, H1 | Short term reversalWe're seeing price test a key 78.6% Fibonacci projection + an overlap resistance. We could see a reversal from here that could take prices all the way down to slightly above the 23.6% Fibonacci retracement at 0.8177.
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NZDCAD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring NZDCAD for a selling opportunity around 0.81500 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.81500 support and resistance zone.
Trade safe, Joe.
NZDCAD: Sell signal after the 1D Death Cross.NZDCAD completed a Death Cross yesterday on the 1D timeframe with the 1D technicals naturally bearish (RSI = 41.395, MACD = -0.004, ADX = 27.419) as the price is under the middle of the logn term Megaphone pattern.
Every Lower Low has so far been at or under the Fibonacci 1.236 extension. With the 1D RSI under an LH trendline itself, we are going short, targeting the bottom of the Megaphone (TP = 0.8000).
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