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NZDCADANALYSIS

NZDCAD – Bearish momentum on the runNZDCAD price has been rejected from top of structure that I’have marked in my previous analysis. Now, it seems to continue its bearish momentum until recently. Now, I want to see NZDCAD start to form a bearish continuation structure to confirm the further move to the downside. A break of any bearish continuation structure (At leash H1 TF or above) will trigger my additional short entry with sl above the continuation structure. My first target is around 0.88800 area which is the bottom of big ascending structure. If the price can break that area, than we will have a larger profit zone. My second target is around 0.86300 area with final up to 0.82000 area in the long term. For now, lets see how will the price develop. Good Luck.
Short
by moa_trading_journal
NZDCAD: my multi-time frame analysisHi Traders, This is my view on this cross for the next few days. #NZDCAD SELL 0.915 SL 0.922 TP 0.899 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Trading Kitchen
Short
by kitchen_trading
NZDCAD long trade idea (update!)Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
NZDCAD short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
5
NZDCAD – Still waiting for the completion BIG ascending structurUpdate from my previous forecast that I post on Feb 7th on this pair. The price move slowly the past 2 weeks and still havent come meet my entry criteria. I have evolve my trendline a bit to adjust with recent price action. I still think this pair will make one last push to the upside and waiting for now until the price to finish its 3rd touch to complete its ascending structure, or at least until the double top area at 0.92800 area. Once the price has reach the area, I will wait for a clearly visible impulsive rejection from that area. Any break of bearish continuation pattern in lower TF will confirm the bearish move that I certainly will make sure to take advantage of. For now, let’s see how will this pair develop, good luck.. __________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
NZDCAD | Perspective for the new week | Follow-upThis is a follow up on my previous publication (see link below for reference purposes) on this pair as the price action continues to flow according to expectations! Unlike my previous publication, Excited to let you know that I have captured a distinct and tradable pattern on this pair. The appearance of a Double Top pattern - a strong Reversal structure appears to fine-tune a Bearish setup as Buyers gradually lose momentum and price continues to show tendencies of risking a further decline in the nearest future. Tendency: Downtrend ( Bearish ) Structure: Reversal pattern | Supply & Demand | Double Top | Channel Observation: i. Since late January 2021, the price has been caught within a Channel and since the Breakdown of CA$0.91850 followed by a significant rejection of this level... my Bearish bias becomes a little stronger. ii. This been said, I am anticipating a significant Breakdown/Retest of CA$0.91400 in the coming week(s) to join the decline as CA$0.91900/0.91500 remains a level to watch out for in this regard. Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:5 Potential Duration: 2 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2
NZDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
NZDCAD – Waiting for the completion BIG ascending structureI have been waiting for NZDCAD to make big bearish move to the downside for quite sometime no. But it seems, starting from last November the price lack any real commitment. It just continuing its corrective phase resulting in sideway and choppy movement across all timeframes. However, now I’m starting to see cleary the evolution of the market structure in this pair. This pair is forming a 3 touch ascending structure in an even bigger ascending structure. Ussually, a pattern within a pattern like this is a big positive confluence for our edge,.. So,..i’m still confident that this pair has a very high probability for a longer term bearish move soon.. What I’m waitin for now is for the price to finish its 3rd touch to complete its ascending structure. So, I think this pair will make one last push to the upside to 0.92700-0.92300 area. Once the price has reach the area, I will wait for a clearly visible impulsive rejection from that area. Any break of bearish continuation pattern in lower TF will confirm the bearish move that I certainly will make sure to take advantage of. For now, let’s see how will this pair develop, good luck.. __________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal