NZDCADANALYSIS
NZDCAD long long longAfter a few days of indecision where the pair was forming a base at a very important area of support, it has finally broken out of the range and I expect it to continue that bullish move.
Let's look at 4H chart:
It is a very simple setup. The pair has broken out of the rectangle and it is being capped by MA50 that I will expect to act as a minor resistance giving us a bit of a pullback where we will look to enter long with a much better R:R. Profit target will be the next area of resistance at 08665 where the Daily MA50 will also come into play.
Trade safe!
nzdcadok folks since we get precise that nice move down as on previous chart, now im expecting so see some more deeper correction before rushing down again. its early to say whats gonna be but here on this chart im showing my expectations for running flat and expanding. for those who understand patterns there is a gartley taken from the top and butterfly taken from A of the correction. show some love for more updates!
NZDCAD Potential S&D Zone Break with 200 MA BlockGive an inspirational like :)
ArrowPips: Under 200 MA, there is a short potential for NZDCAD.
NZDCAD bounced from support, potential for a further rise!
NZDCAD bounced off its support at 0.87153 where it could potentially rise further to 0.87933.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZD/CAD : Buy on Flag Before Big Moves !!BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
NZD/CAD : Small Risk Big Reward Trade Setups !!BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
NZD/CAD : Buy on Bottom or Breakout !!BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
NZDCAD - BUY BULL PUMP - :)Bullish Bias on this Pair.
Expecting an impulsive Bullish
breakout soon.
KEEP AN EYE ON THIS ONE.
Dont miss it.
Please share your thoughts and views on my analysis and don't forget to like it and share with others.
NZDCAD LongNZD - bottoming now and currently gaining upwards momentum, possible continuous bounce up to 61.8 fib esp 10-year seasonality for NZDCAD favors it being bullish this coming June
CAD - will take some time to clear out the glut in oil inventories (oilprice.com) hence the recent slide, but still must be careful to prevent getting whipsawed. Expecting oil to drop @55 psychological resistance which will also bring CAD down
Oil:
Weekly:
NZDCAD Analysis: Bearish Chart PatternsThe Weekly timeframe is examined in today’s NZDCAD analysis. The main purpose for analysis is to examine and explore chart patterns and their implications for the long term price development in the NZDCAD.
Price peak in the week of December 28, 2015 is used as the left shoulder (LS) of a head and shoulders top pattern in the NZD CAD. Price levels and /or pivot used for the rest of the pattern (i.e. Head, right shoulder and neckline) are 0.99253, 0.95187 and 0.86540 respectively.
The bearish implication conveyed by the chart pattern was confirmed in the week of August 06, 2018 with price closing below the neckline.
Another pattern for consideration on the weekly timeframe of the NZD CAD is a descending triangle. The neckline of the head and shoulders pattern is used as the base or lower boundary of the descending triangle, while the downward sloping line (upper boundary) of the chart pattern is as highlighted on the chart.
Even though price did resume a bullish swing after confirmation, the use of the Head and shoulders pattern is still valid until price breaches 0.99523 (head of the pattern). The width of the pattern is also shown on the chart and is measured from the head to the neckline. Projection of the width below the neckline helps to provide the minimum estimate for price in this bearish scenario.
Same principle can be applied in the case of the descending triangle with the use of the width. Even though both patterns ideally have bearish implications, it is important to understand and monitor the current trend for a suitable price point to be bearish (sell) and also points of invalidation for any trade(s).
LONG NZDCAD WE will be looking at price action at the bottom and head all the way up north.
please use good risk management.
