NZDCAD Market Outlook | Daily Forex Market BreakdownNZDCAD
NC looking like a head and shoulders is forming. Watching very closely. NC might be the best looking sell out of all the NZD pairs at the moment. They are all looking good. Patience will be key we will let the high quality set ups present themselves to us. No need to rush into any trades.
Nzdcadlong
FURTHER PUSH UP BEFORE A DECLINE ON NZDCAD NZDCAD overall is in a Bearish trend and currently moving bullish after meeting support in what i would class as a retracement of a bigger move to the downside. You should be looking at how price reacts once it gets to our entry zone as well as divergence. Stop loss, Entry and Take profit have been marked.
NZDCAD - NEXT LEGANALYSIS ON NZDCAD
Welcome to my analysis
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30MIN CHart
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Interesting Point of interest In the NZDCAD pair.
- Price above 200 day EMA.
- look for sell signals.
- Expecting some more downward movement.
- Watch 0.85000/0.84320 for take profit.
- MACD showing bearish divergence
Stay Tuned
NZDCAD- Long Waiting for the pull back to this major level 0.85, and when it does i will be buying and depending on the price action i get i will be risking maybe 2-3% on the trade
0.85 Very strong level its held there 3 previous occasions before finally breaking through today.
Lets see how it plays out who knows we might not even get a re-test.
Any questions or thoughts let me know