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Nzdcadlong

NZDCAD facing bullish pressure, potential for further upsideNZDCAD is currently taking support from ascending trendline support. Prices might pullback to 1st support which coincides with 100% Fibonacci extension. Prices might bounce from 1st support to 1st resistance which coincides with 78.6% Fibonacci retracement and 100% Fibonacci extension. If prices fall through 1st support, it might take support at 2nd support which coincides with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Prices are also above EMA which shows bullish pressure for prices.
Long
by FXCM
4
NZDCAD long trade idea (update!)Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
NZDCAD 4HR/1D LONG SETUP Hi and welcome to yet another analysis on the 4 Hour and One day time frame! In this analysis I have many confluences which help lead to my final decision on this trade. Currently were still waiting for the actual entry on this trade but its coming up soon. We look for a strong confirmation of the Fibonacci zone. As you may notice there are 2 different Fibonacci's Retracements one for the daily time frame and one for the 4HR time frame. These help in confluence to explain the movement of price to the upside. Its a simple process to understand. Were identifying the trend and using price action to help make a final decision. Longer term trades are always better in my opinion because there higher amounts of pips and come with fewer losses if analyzed correctly. I was asked by a friend of mine to actually break this chart down to help other understand like him. So let me know if the comments below if this is a trade you will also take. I also welcome constructive criticism or any of your opinions. Always love to chat with fellow traders.
Long
by BennettTrades
NZDCAD is facing bullish pressure, potential for further upsidePrice is facing bullish pressure as it continues to hold above both the Ichimoku cloud and ascending trendline support, in line with our bullish bias. We could potentially see a bounce at our 1st support at 0.92613, which is in line with our 61.8% Fibonacci retracement and 127.2% Fibonacci extension, and further upside towards our 1st resistance at 0.93295, in line with our 61.8% Fibonacci extension. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
7
NZDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
NZD/CAD BULLISH RUN ANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGMENT ➖TRADE :#4 IMPORTANT INFORMATION:📌 * ORDER FLOW: bullish * DAY OF THE WEEK:Friday * PROJECTED TP : 0.91649 * PROJECTED SL: 0.90536 * LSB: breaker retest whats up master traders! welcome to another trade idea with Genius Chart. If you like what you see and it helps you ,please support our work by writing a comment and SMASHING that like button! 👍🏾 its us against the markets❗️ Our mission is to provide the tools and knowledge to people across the world and help them tap into uncharted potentials and obtain unimaginable financial freedom. if you hang around this profile long enough you will start to visually learn valuable lessons that will help you put your puzzle together as we are all on our own journey. Why should you follow our profile on Trading View❓ ➖you will get ➖ 🥇Clean charts 🥈Consistent chart updates with our highest probability set ups 🥉 Analysis on a wide range of major markets ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ♟Legal Risk Disclosure 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.
Long
by genius-chart
3
NZDCAD: Following the DESCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : NZD/CAD ⚪ Technical Analysis : In the weekly chart the price is following a clear rising wedge pattern, after it broke an historical descending channel in the middle of November 2020. In the daily chart we can confirm this strong uptrend, in fact the price since the end of March has been moving following and bouncing between the dynamic S/R levels of that pattern. In the h4 chart, the price got many rejections on the support level at about 0.89850 and on the 15th of December a strong impulse pushed the price up in a clear ascending channel, breaking it for the first time on the 8th of January 2021. The price is actually following a new downtrend and it's approaching to retest the previous support zone at about 0.91000, creating a possible double bottom pattern. The next price action around this level will be essential to understand the next market movement. 🔴 Conclusion : ✔️ The price is actually following a clear descending channel and it reached an interesting support zone and at the same time the dynamic support of that channel. The price is oversold and the RSI is also showing us a nice convergence in an interesting area. I'm confident to see the price grows until the dynamic resistance of the channel. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
10