Possible upside on NZDCADOANDA:NZDCAD
Significant Level on Chart : 0.83422
Target: 0.86479
Term: Long term(One month)
Reason: From the 2nd half of last week the NZD has been on a bullish run, this has been a result from the bounce on the significant level of 0.83422 supported by a further bounce on the trend drawn on this specific pair
Cancel trade: If the significant level is breached but otherwise the bullish run may continue although this is a lazy pair and might take time to reach the 0.86479 target
News: No news are expected to affect either Currency in the week beginning 9 september 2019
28 accounts pty(Ltd)
Nzdcadlong
NZD/CAD Bottom Alert!!NZD/CAD after finding the bottom in OCT-2018 it did 918 pips within 63 Days.
As it was also the same bottom back there in Sep-2015 and with 459 Days it did above 1600 pips.
Now it is testing the same area which can also be considered as the triple bottom
At least expecting 500 Pips in the long term from here.
Note- Wait for a bullish crossover, Rsi showing uptrend!
NZDCAD long long longAfter a few days of indecision where the pair was forming a base at a very important area of support, it has finally broken out of the range and I expect it to continue that bullish move.
Let's look at 4H chart:
It is a very simple setup. The pair has broken out of the rectangle and it is being capped by MA50 that I will expect to act as a minor resistance giving us a bit of a pullback where we will look to enter long with a much better R:R. Profit target will be the next area of resistance at 08665 where the Daily MA50 will also come into play.
Trade safe!
NZDCHF UptrendI see multiple opportunities right now. See the chart for possible entry and exit points. The NZD is strong and should go up to at close to the blue resistance line especially given the head and shoulders pattern extension (black line).
There will be a break out of this symmetrical triangle at some point.
NZDCADNZDCAD A Great Potential BUY SETUP !
I do Myself Believe The NZDCAD pair may find support at it Main Support Level .
- It may bounce up For a Buy position
-After BOC interest cut , Maybe There a great buy potential , it seems like CAD will be bearish after interest cut ! !
NZDCAD BUY SIGNAL : )
NZDCAD BUY LIMIT @ 0.86510
SL @ 0.8600
TP 1 @ 0.87232
TP2 @ 0.87689
Happy trading : ) Manage risk , respect risk management