NZDCAD Breaking OutOn the daily time frame NZDCAD is showing a nice ascending channel. Previous candle touched the upper range and the current candle is trading outside of it,, making it a sweet buy setup. Stoch also just made its bullish cross over.
Ive pointed out the next resistances areas which either be used as take profit targets or a target at which you move up your stop loss to lock in some profit and aim for the next resistance.
stop loss 0.9270
Nzdcadforecast
NZDCAD's ascending monthly trendline got stuck on monthly resistIf you look at the monthly chart of the NZDCAD Forex pair, you will see that is has been on a uptrend since it's opening. However, you could also clearly see that it cannot penetrate above the levels of the monthly (major) resistance. With the continuous failure to break above, a possible trend reversal (on monthly level) may be taking place -- the bears are preparing for a major comeback!
NZDCAD Awesome Bearish SetupOn NZDCAD we have an awesome bearish setup. The price is heading towards the 14 and 72 EMA and the lower range while the Stoch RSI shows alot of selling pressure and the Adx shows a strong bearish trend.
This leads to the conclusion that NZDCAD is heading for a further drop!
Take profit: 0.92800
Stop loss: 0.95200
NZDJPYSo many interesting JPY pairs currently. Because NZD is not the most exciting currency, I chose to have a bit extra attention on this pair. A lot is pointing downwards, besides magic-t which I didn't draw because of the new-year low volume. It's the only time of the year I can't trust the volume. If this breaks the 80.565 resistance and gets under 55MA, I will be in on the short. Happy trading.
NZDCAD: Let us overhaul the sell possibilitiesThis pair, after a long upsurge, from 2015 until 2016, is showing the signs of exhaustion. The first phase of tumbling is almost over. In my telemetry, this pair will climb a little bit up for more or less two or three weeks, then will collapse down. In short, I am waiting for a consolidation before the pair tumbles.
NZDCAD FREE PIPS ! HELLO GUYS !
AS YOU CAN SEE ON NZDCAD WE HAVE A RISING WEDGE AND IT BROKE OUT AND WENT BACK TO RETEST .
WE HAVE A RESISTANCE ZONE THERE AND THE PREDICTIONS IS TO GO AGAIN DOWN AT THE DIRECTION THAT IT MADE BEFORE .SO I AM TRYING TO SELL IT @ 0.96000 AND TAKE PROFIT @ 0.94000 !
200 PIPS 200% SURE IT MAY TAKE A WEEK !
HAVE FUN GUYS AND ALWAYS USE RISK MANAGEMENT AND RISK 5% OF YOU BALANCE ON THIS TRADE ONLY