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Nzd_cad

NZD/CAD, My favourite Setup! Short IdeaHigh frames : Monthly : Rejection from a major resistance, "W pattern formation" Weekly : Massive sell-off reaction Daily : Higher highs / Higher lows mechanism = False Lower frames Consolidation, "price moving sideways". Sell continuation = Bearish flags / Triangles Correction upwards occurs "most of the times" when there is a consolidation. "Take a look at my last trade on EUR/GBP". How to enter the trade Focus on very low frames after having a macro-vision about the trend. (Bearish/Bullish) -Now we had 2 consecutive weeks of sell-off actions and as it's visible on the chart, I'm expecting a retest somewhere around the boxed Areas. -No one can tell when it'll reject so here comes the real understanding of market psychology using patterns (Double tops in this case or H&S / Harmonic patterns / Candlestick patterns approving the buyers weakness) - This trade is canceled if the retest doesn't occur.
Short
by Ayoub450
NZD/CAD- Long with 60% chanceNZD/CAD TA Wise: We see that NZD/CAD has been moving up an upward channel. With support from the cloud and trend lines. RSI flip upwards with MACD looking for a possible reversal upwards as well. FA wise NZD had one of the best run in the last few weeks while we see CAD appreciating greatly after the slightly hawkish Interest rate news. A slight wane on the strength of CAD is happening right now. However, as we approach the non-farm payroll later together with CAD Unemployment change data. Chances are we will see huge variation in the market later. If not most of the pairing will just be ranging in the next 8 hours or so. Follow us at Twitter @SurgeInsider or join our telegram channel at t.me We will be covering technical analysis in conjunction with fundamental analysis into Major Currencies and Crypto-Currencies! (Disclaimer: This is non-financial advice, any past performance, projection, forecast or simulation of results is not necessarily indicative of the future or likely performance of any investment.)
Long
by Onhodlmode
Nzd/cad updateNcad appears to be producing a buy setup. The sell long term (on the weekly) is what you want. Cad is looking like it may retrace. Should Ncad continue to breakout and continue to produce buy setups we may get something that goes all the way up and breaks the high and possibly breaks trend line. Remember that it never reached. I believe it completed a corrective wave pattern up, so I am expecting correction. Doesn't mean we can't get a large expanded flat that goes up and breaks the high.
Long
by thillygoosth
$NZD/CAD 4 Hour Elliott Wave Analysis 5/30/2015Decline from wave ((X)) high at 0.962 is proposed to be in a triple three structure (W)-(X)-(Y)-(X)-(Z) where wave (W) ended at 0.929, wave (X) ended at 0.9457, wave (Y) ended at 0.8784, second wave (X) ended at 0.9041, and wave (Z) is currently in progress. From second wave (X) at 0.9041 high, decline in wave (Z) is unfolding in the form of a double correction W-X-Y. Wave W is proposed complete as a flat at 0.8816, and the pair can bounce in wave X to as high as 0.8937 - 0.8965 before the decline resumes. We don't like buying the bounce. If price breaks 0.906, the pair can do a double correction and target 0.91 - 0.915 before the decline resumes. --------------------------------- Follow more updates at Twitter: cmellon1976 Website: elliottwave-forecast.com Free 14 days trial: elliottwave-forecast.com Send email hendra@elliottwave-forecast.com if you want to be in distribution list for Weekly, Daily, and 4 Hour Elliottwave Charts update for these 5 pairs (AUD/NZD, AUD/CAD, NZD/CAD, EUR/NZD, and EUR/CAD)
Short
by EWForecast