NZDCAD TO CONTINUE WITH THE BULLSAs we have seen, price has broken above this key level with bullish pressure.
We also see a break outside the corrective downtrend.
We could see further upside on NZDCAD after a pullback.
We'll be watching for early retracements, pullbacks at key levels, any trend continuation techniques to get us in.
Nzdcadlong
NZDCAD TO KEEP PUSHING LOWER?Since the deep fall from the level of 0.88700, we have seen price continue to create lower lows and lower highs to continue the downtrend.
We just recently broke below a support level at 0.87800. Until we see a break above, we remain bearish and will look for sell opportunities.
If we find a break above then we could switch out bias from bearish to bullish. New targets on this sell would be a new low along the trend.
NZDCAD ANALYSISWe have this pair following our last update and continuing to move down.
We expect a fall to 0.87800 and a bounce from that level to the upside.
If price gets to 0.87800, it would be regarded a higher low on the 4-hour and daily timeframe.
We could see the bounce from there. As for now, we remain patient, riding with the current profit on this pair.
nzdcad sellnzdcad sell :
Reasons :
1)there is a nice pattern trend formed in 1h,4h,1d timeframes
2)a bullish pin candle is formed as marked in the previous days which indicates perfect entry for sell
3)bearish naked candle confirmation in 1h,4h time frames
take profit : green line
stop loss : red line
wait for my confirmation to place trade
Wait for confirm and buy signal with NZDCADH4 time frame.
Structure: Uptrend, Price hit trendline and move up.
Downtrend - retracement has been broken.
Wait for the confirmation and buy signal.
Target is next resistance at 0.89000.
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Wish you all have a good trading day!
NZDCAD LONGAs we can see, the pair is moving in an ascending channel on the H4, and it has bounce from bottom trend line and a minor support Level 0.87413.
We expecting a bullish continuation, this trade is based on Technical analysis.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 14,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
Please like and share for more useful content:
NZDCAD TO FINALYY CONTINUE ITS UPTREND?After the last impulse move on this pair, we have seen some major pullbacks as though the trend will now continue.
Looking at the current candle formation, price is now bouncing off the daily level and we could see some more upsides.
We're positioning ourselves long with targets at the previous high
NZD/CAD LONG BUY OPPUTUNITY .......
NZD/USD chart create Bullish butterfly pattern. So,
when breakout 0.86864 resistance level then you can buy this pair.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
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Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad
💡Don't miss the great buy opportunity in NZDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8778).
. 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 51.
Take Profits:
TP1= @ 0.8812
TP2= @ 0.8843
TP3= @ 0.8861
TP4= @ 0.8886
TP5= @ 0.8911
SL= Break below S2
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💡Don't miss the great buy opportunity in NZDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8778).
. 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 51.
Take Profits:
TP1= @ 0.8812
TP2= @ 0.8843
TP3= @ 0.8861
TP4= @ 0.8886
TP5= @ 0.8911
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 ❤️
NZDCAD approaching 1st support, potential bounce!Price is approaching 1st support, which is in line with 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support. We could see a bounce and further rise towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Stochastics is also approaching support where price has bounced from in the past, showing possible bullish pressure.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDCADANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGEMENT ➖
IMPORTANT INFORMATION:📌
- ORDER FLOW :
* LSB: breaker retest
* PROJECTED TP :
* PROJECTED SL:
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Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
9 July: NZDCAD drop incomingHi everyone! NZDCAD is facing pressure from our resistance at 0.87143 in line with the 78.6% retracement, a pullback to test this level presents an opportunity to play the drop. Our stop loss is place slightly above the entry and take profit targets at -27.2% retracement.