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Nzdcadlong

NZD/CAD Full breakdown I will be doing a full breakdown from monthly to daily. Also I will be including Fundamentals that will help us out with the direction as well. Monthly: The price is currently rejecting a demand zone which is good because it can be a sign of a rejection to the up-side like it happened in the past. Weekly: The price is clearly over extended. When price is over extended we can expect a correction. If we take the fibonacci to measure the possible correction we can see that the .786 fibonacci level is in confluence with structure. We could expect the price to make a correction and reach the price of 0.88151. Daily: The price is bearish making lower lows and lower highs. We need to wait for the shift of the price to a bullish price. Fundamentals: To see this movement happen the base currency must be stronger than the quote currency for that specific period of time. -If we look at the commitments of traders we have a good confirmation that base currency is currently stronger than quote. In the COT we can see that institutions closed 3,078 long and opened 7,862 shorts of the quote currency( CAD). - Institutions opened 2,630 and also opened 5,939 shorts of the base currency(NZD) -The base currency is stronger than the quote currency. We can definitely expect the movement to the upside. With all the information that I gather we can see that there is a strong possibility for the movement to the upside happen.
Long
by Wiiso
💡Don't miss the great buy opportunity in NZDCADTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8717). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDCAD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 54. Take Profits: TP1= @ 0.8738 TP2= @ 0.8754 TP3= @ 0.8766 TP4= @ 0.8795 TP5= @ 0.8832 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
8
💡Don't miss the great buy opportunity in NZDCADTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8717). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDCAD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 54. Take Profits: TP1= @ 0.8738 TP2= @ 0.8754 TP3= @ 0.8766 TP4= @ 0.8795 TP5= @ 0.8832 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
2
Possible Bullish Trend for -NZD/USDOn a short-term 2H chart The price trends above the 200-day SMA and the price move all above the fibb reversal level. Moreover, on the 4H chart the pair currently uses the 50-day SMA as support level at 0.8725, which might instigate a strong bullish trend push from the buyers, and it reveals their active participation in the market, despite the holiday. So, stay on a lookout for breakout above the 0.8750,if that does not happen, then the bear could pull the price to the downward side of the market.
Long
by Adefxc
NZDCAD, We are in sell zone areaHello everybody According to the chart you can see after breakwave that we made and the trend that changed to downward and the power of the bullish and correction was became weak its time to take short position until reach to the target . In our way we have another minor resistance that the price can impact to it and after that its ready to break that down and continue the wat toward the target. Dont forget use stop loss and trail your position and manage it Good Luck Abtin
Long
by Abtin00
NZDCAD BUY TRADE IDEA - BREAK OF STRUCTURE & WEEKLY ICIHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/ Monthly, Weekly, & Daily is bullish. We go on the weekly where we can see that we have an ICI to the upside and a major support structure where the market has tested it multiple times before, we are expecting it to retest the support before it continues to the upside. Dropping on the 4H time frame, we are waiting for the MACD to be above the 0 and EMAs are already cut for long, our entry is at the structure and stop loss is below structure and last low, our take profit is at the impulse of the weekly. Trade Signals BUY Entry: 0.88063 Take Profit: 0.90044 Stop Loss: 0.87416 Good luck! Trade wisely, please do proper money management. ~FX_SHIFTER
Long
by fx_shifter
NZD/CAD Is About to Reverse 💡 📈 NZD/CAD | Potential Upward Movement 💡 Buy Limit Order @ 0.88359 🎯 Target Profit 0.88820 🛑 Stop Loss 0.88128 ❌ Do not risk more than 1% of your account on each trade Description: The price found buyers around the 61.80 % Fibonacci retracement level after managing to break the bearish channel pattern. This shows that the buyers are taking control of the market and might push to the upside which is the opposite direction of the current trend. ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️ ------------------------------------------------------------------------------------------------ 🙂 Good Luck!
Long
by CollegeofPips
1
Waiting for a pullback to go long NZDCAD 18 Oct, 2021When this market is trending, the relationship it has to the 20EMA is consistently good. The EMA holds the price down when bearish and provides support when bullish. When price touches the EMA it has been a good location to take a trade in line with the trend. We seem to be at the start of a new bullish move and if this holds true, taking a buy at the next pullback could be a good trade with a large potential R/R. The support around 0.8630 has held since mid Aug. and I expect it to hold again. However, nothing is 100% in trading and what was true in the past may not be true now. Place a stop loss on the other side of the 20EMA but give it some breathing space. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
Long
by Trading_Vista