NZDCADANALYSIS
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NZDCAD: SELL (long-term)Off of the Daily (D1) time frame, we can see that it is likely for a Head & Shoulders formation to complete on this pair. Now, zooming into the Four-Hour (H4) time frame Horizontal line drawn at 0.91232 is right at the Weekly and Monthly Pivot Point. If price breaks above this line, then we can expect Bears to enter for a weekly sell at 0.91439 . Bears can Take Profit (EXIT) at 0.89544 for the month.
NZD/CAD BUY IDEAHey tradomaniacs,
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NZD/CAD: Swingtrade-Preparation
Market-Buy: 0,92150
Stop-Loss: 0,91600
Point Of Risk-Reduction: 0,92500
Take-Profit: 0,93325
Stop-Loss: 55 pips
Risk: 0,5% - 1%
Risk-Reward: 2,26
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NZDCAD – Big SELL opportunity in front of out eyes2020 finally prove to be the time for NZD bull,.. I have been forecasting for a trend change to bearish for several weeks now, but rarely get a proper entry trigger and the price just continue to slowly trickle to the upside especially in this last 2 month that is quite choppy in my view. Will 2021 finally start to favor the bear?? This is a hard question to answer, however one thing that I know is from the technical standpoint it says so,.. and it will be a MASSIVE one.
NZDCAD price is now really at the top (high value area) of High TF ascending corrective structure. We close last week with a clear momentum to the downside. I see no other option to make use of this upcoming bearish trend beside from take the short entry as early as possible as it shows any sign of reversal.
I’m now waiting for just one more trigger for the price to confirm the move to the downside and trigger my short entry. I’m expecting the price to form a small bearish continuation structure (H1 or M15 depending on structure). I will take a short entry as the price break the bearish continuation structure.
Lets see how will this pair develop. Good Luck
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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.
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NZDCAD uptrend setupprice direction: UPTREND
potential target price: 0.9107
**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.
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