Nzdcadlong
NZDCAD - BULLISH BIASNZD - BULLISH
1️⃣ NZD benefitted from risk-on tone boosted after House Speaker Nancy Pelosi set a Tuesday deadline for the White House to agree on further fiscal stimulus.
2️⃣ Westpac’s economists say the RBNZ will need to take further action due to a low inflation outlook, after a recent house price surge sparked fears that the central bank could over-inflate asset prices with more rate cuts.
3️⃣ The BusinessNZ Performance of Services Index for October read at 55.4, adding 0.9 points from the previous month.
CAD - BEARISH
1️⃣ Crude oil prices declined amid mounting concerns over fuel demand recovery as the number of coronavirus infections continue to rise and several countries including the UK and Italy imposed fresh restrictions.
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TECHNICAL
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- We're looking to long NZDCAD on RBS level + 50% fibo retracement on H1 chart.
- NZDCAD in bullish zone.
NZDCAD FOR LONGThe NZDCAD analysis is a long for me. looking a a retracement to either 50% or 61.8% fib.
NOTE: Not a recommendation. Just an opinion.
NZDCADBounce off pennant support + Breakout above downtrend resistance + RSI bullish divergence signal ↗️
📢NZD/CAD Long setup😎👍👌Looking at going long, I will wait for this candle to close for more confirmation. Looking good so far. If you like the Analysis feel free to drop a like and leave comment and follow, we are grateful for all the love out there and we will share the love back 🤍
NZD/CAD LoTrend is clearly stepping down creating LLs and LHs, bearish, but price is pulling back. Looking for a retest of the last LH. Waiting for a pullback to 0.87800 to look for a sell setup.
NZDCAD, price testing the demand zone!currently, we are seeing price testing the demand zone, we need to wait for the price to react and bounce off from the demand zone before placing any buy order. wait until price formed a rejection pattern on a lower timeframe - do your own research! ;)
**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 the comment so we can manage the trade together.
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GWBFX
NZDCAD.....LONGPrice just printed a falling wedge with a 1 to 5 elliot wave count.
I expect price to rise and break the decending trendline.
506 pips is the target.
Comment, like and Share please
NZDCAD LONG in the short termNZDCAD is position at price @ 0.8781 for a bull run . This is a short term analysis.
Overall, we should expect a pullback of price around @ 0.8789 and 0.8797 and if the price closes below @ 0.8797 then our move will be short to the downside with target price @ 0.8671 and @ 0.8663
I am bullish until the price reaches @ 0.8789
Good Luck Traders.
Long on Pullback-Respectable ascending TL, retest and continuation expected
-Secondary descending TL breakout
-0.618 fib retracement
-Previous are of S&R
-MA50 & MA100 momentum shift early indications
BUY NZDCADBUY NZDCAD. NZDCAD looks like its making its way upwards after crossing and closure of price above the moving average. Targets as shown.
NZDCAD LONG- Closed above a key level (indicating a good level of support).
- Recently created a HIGHER LOW.
- Dragonfly & Bullish Engulfing formed over the last few days.
- 20 EMA just below price.
(High impact AUD news tomorrow may have close correlation with NZD price action)
NZD / CAD - Forecast (Trade In-Play)Here we have one of my personal trades from last night. We originally had a position but got stopped out on the liquidity spike as you can see. If you don't know what liquidity is, it is basically where the banks can manipulate the price for a split second to stop out everyone and also stop out all the orders people have the for SELL STOP's. The banks can see everybody's orders, S/L's and also T/P locations. This is how the banks earn their money. We did re-enter again straight away and as you can see my thoughts were correct, but the liquidity stopped us out! Sh!t Happens...
Simple impulse correction tradeThe NZDCAD is simply heading for a H4 chart M formation impulse correction move.
1.7 risk/reward ratio. Around 70pips expected reward. :-)
One can enter at the close of the current bullish candle.
GOOD LUCK.
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Forex Trade
NzdCad
Analysis Number 4
12 October 2020
Price touched our reaction zone, now the price structure is still bearish so we cant take any long trades.
Wait for the price to shift in structure and momentum for any bullish setups.
NZDCAD Long 10.11.20AQZ Fibs Set Up based on 1 hour time frame. Price is near preferred entry.
I am entering trade now and setting stop loss at red zone 2.
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