Get started

Nzdcadforecast

NZD CAD - Breakout triangle continuation , let's go up!Let's see NZD CAD , thought 0.91500 might act as strong support and let start a retracement but 3 minutes ago , 4h candle close above the previous high , so i'm looking for some long position . Would wait for a retest of the resistance with a SL below the candle. First target might be around 0.92500 , old support zone that this time could act as resistance. That's just my analysis , my opinion , you don't have to take this post as a financial advice. Remember to always protect your capital. Have a nice day traders , remember that this week will be a high risk week because of the meeting will occur this week.
Long
by maro9392
Long NZD/CAD - potential H&S (medium to long term)Weekly 8 period moving average has crossed above the 16 period moving average. Referring to a monthly chart this could be the dip in order for the long term up trend for this pair to continue. Daily Looking at the daily chart, a head and shoulders pattern has formed. The resulting neckline can be drawn in two ways: 1. Horizontal at 0.91 - in line with the left shoulder and a level at which the current price has been flirting with. 2. Slanted - in this case the neckline has been broken and price action over the last couple days can be viewed as pull back to the falling neckline. In both cases the right shoulder formed a low of 0.886. which is now a key level for this play. The second notable feature of the daily chart is the ADX crossing above 20 suggesting a trend is starting out. 4 Hour and 1 Hour Key support lies around 0.9012. On the hourly my current entry lies 0.9013 to 0.9040. Over the last couple days price has rallied after entering this range and is therefore a key region of support. Note this also lies just above where the slanted neckline would be. Trade Parameters Entry: 0.9013 - 0.9040 Stop loss: 0.8850 Targets: 0.9240 (R/R: 1.29), 0.9410 (R/R: 2.29) and 0.9530 (R/R: 3.00)
Long
by NSC95
2
NZD/CAD Short Burst PositionOANDA:NZDCAD The reward to risk ratio is almost exact. Past 5 years and max have been profitable. Past few month have been non-profitable and filled with some more downward trends or negative correlations. Past year have been bad, and past day haven't been optimal as well as past week in terms of nice results. However, I am seeing a butterfly effect with an around 3.77% yield and the potential of positive correlation for a short holding position the next few weeks, and even some swings the next few month.
Short
by gamer456148
NZD/CAD 1H Chart: Channel DownNZD/CAD 1H Chart: Channel Down The New Zealand Dollar is losing value against its Canadian counterpart in a short-term tiny descending channel began to form after a 50-pip appreciation of the Loonie last Friday. Until this point, the currency rate was confidently moving to the south, crossing all barriers on its way. Most probably, the pair will continue the fall, as it has no other obstacles on its way in the next 118 basis points range. On the other hand, there is need to remember that such narrow channel are very sensitive to fundamental events and might be broken even from the not very significant news.
by UnknownUnicorn890690