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Nzdcadsignals

NZDCAD Buy opportunity at the bottom of the 1-year Channel Up.The NZDCAD pair hit our 0.85650 Target as discussed on our last idea (August 22, see chart below) and then got immediately rejected: The rejection initiated the Bearish Leg of the 1-year Channel Up and the price is approaching once more the bottom (Higher Lows trend-line) of the pattern. The previous 2 Higher Lows were priced on the 0.236 Fibonacci retracement level, which is slightly below, but the 1D MACD is forming a Bullish Cross today, which has been an absolute buy signal this past year. As a result, we turn bullish on this pair, targeting Resistance 1 at 0.86450. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
NZDCAD This MA squeeze giving a strong Buy Signal.The NZDCAD pair has been trading within a long-term Channel Up pattern, currently sitting above bot the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The upcoming squeeze of the two MA periods was last time a confirmation that the Bullish Leg that started would continue. That rally peaked on June 12, just above the 1.236 Fibonacci extension. As a result, even though we are practically half-way into the current rally and the potential return is now less, we turn bullish on this pair, targeting 0.85650. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
NZDCAD Excellent buy opportunity on this pull-back.The NZDCAD pair gave us a great buy entry last time we looked at it (May 08, see chart below) and made a direct hit on our 0.8500 Target: The price got heavily rejected straight after and just hit the 1D MA50 (blue trend-line) again. The pattern that seems to be prevailing is a Channel Up (blue). The last time we had a Higher High rejection on its top, the pair pulled-back to the 1D MA200 (orange trend-line) and then made a short-term bounce to the Internal Lower Highs trend-line. As a result, we will be using this opportunity to buy and target 0.84500 (just below the symmetrical Lower Highs trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
NZDCAD Going for a 0.786 Rejection. Trade at the right time.The NZDCAD pair just completed a Death Cross on the 1D time-frame, the first since June 20 2023. Even though the price rebounded inside the 1.5 years Higher Lows Zone, the prevailing pattern since December 2023 is a Channel Down. With the July 14 2023 High formed (and rejected) on the 0.786 Fibonacci retracement level, it is possible to see a rejection on the new 0.786 Fib, which now happens to be exactly at the top of the Channel Down. As a result, as long as the pair doesn't close a 1D candle above the 0.786 Fib, we are bearish, targeting 0.80300 (the -0.136 Fib extension). If the 1D candle gets closed above the 0.786 Fib, we will take the small loss and buy, targeting 0.85000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
NZDCAD Bullish, dip buy opportunity targeting 0.85400The NZDCAD pair has hit the 1D MA50 (blue trend-line) yet again today and remains under Resistance 1 (0.84300) since July 14 2023, having multiple rejections on it. We do see however the potential for the emergence of a Channel Up, as the 1D RSI is printing the same pattern as the October 20 2023 Low, which initiated a Bullish Leg. If the Channel Up prevails, that can be its new Bullish Leg to a Higher High. As a result we turn bullish on the pair, aiming for Resistance 2 at 0.85400. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
NZDCAD This rise is a great opportunity to sellThe NZDCAD pair provided us with one of the best short opportunities (see chart below) earlier this year in January, which was confirmed when the 1D MA100 broke: As you can see, this created a Channel Down pattern and the recent rise that broke above the 1D MA50 (blue trend-line) is the bullish leg towards the new Lower High. Technically it shouldn't exceed the 1D MA200 (orange trend-line) but there is some probability that since we have Diverging Lower Lows (dashed) we may see a Diverging Lower Highs trend-line emerge. In any case, with the 1D RSI the closest to the 70.00 overbought barrier since July 14 and the last Lower High, the Risk/ Reward favors shorting, with our targeting being at 0.78515 (-5.20% decline as the last two, contacting the Diverging Lower Lows trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
NZDCAD High probability short when the 1D MA100 breaksNZDCAD has turned sideways within a Triangle pattern in the past 30 days, showing the first signs of exhaustion on the incredible rally since October 11 2022. We don't recommend buying this pair anymore but instead we can short with high probabilities of success when the 1D MA100 (green trend-line) breaks. As you see on this chart, since 2015 every time the price broke below the 1D MA100 following a rally of similar magnitude, it always dropped significantly. This is our sell break-out signal. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
NZDCAD Short-term buy and break-out levels------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- The NZDCAD pair has been following a very specific trading pattern which we have outlined since June and has given us excellent trades: As you see the key here is a recurring bearish sequence within this Channel Down. As long as the 1D MA50 (blue trend-line) is intact as the Resistance, expect Lower Lows within the Channel. Right now, with the 1D RSI breaching the 30.000 oversold barrier and rebounding, we expect at least a short-term rise, as it happened with all 4 other occurrences since March 24 2021. The target is slightly lower than the 1D MA50. If the 1D MA50 breaks, we will consider this a bullish break-out signal targeting the top of the Channel Down and the 1D MA200 (orange trend-line). ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
NZDCAD 1D MA50 is the key. Sell below, buy above.The NZDCAD pair has offered us an excellent pattern for a sell high/ buy low plan on our previous analysis more than two months ago: As you see, we were successful on the sell exactly on the 1D MA50 (blue trend-line) rejection and the buy on the Lower Lows trend-line of both the Megaphone and Channel Down patterns. Right now there is a conflict as to where we could be in relation to the prior formations. This may be a quick accumulation below the 1D MA50 similar to July 30 2021 (green circle) or a failure below the 1D MA50 similar to April 15 2022. The 1D MA50 can give the solution to this. As long as 1D candles close below it, the action is a sell targeting first the 0.79100 Support and the 1.5 Fibonacci extension (0.7745) as part of a new Lower Low formation. A closing above the 1D MA50 though, should be taken as a bullish signal, targeting the 0.8250 Resistance and potentially the 1D MA200 (orange trend-line). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
1
NZDCAD Testing the 1D MA50 and following exactly our planThe NZDCAD pair couldn't have traded better lately as it has been following exactly the trading plan we posted on June 17: As you see after a rebound to the 1D MA50 (blue trend-line) and rejection, the pair made a Lower Low exactly at the bottom of both the Bearish Megaphone and Channel Down patterns, which is where we advised for a buy. Since then has been slowly rising for the past 2 weeks and is now again testing the 1D MA50. A break above, justifies our expectation that all this price action since March has a mirror pattern of March - July 2021. The target is at least the 1D MA200 (orange trend-line). On the other hand, if the price gets rejected on the 1D MA50, be ready to take an opposite position and sell targeting the 2.0 Fibonacci extension, which is what took place on the December 30 2021 rejection. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
NZDCAD Buy upon a pull-back, target the 1D MA200The NZDCAD pair has been trading on a Channel Down within a Bearish Megaphone pattern. Right now the price is testing the 1D MA50 (blue trend-line) as a Resistance and is struggling, trading below it since April 13. Both the 1D RSI and the candle action resembles the sequence at the start of the Megaphone, which after one last pull-back upon rejection on the 1D MA50, it rebounded to the Lower Highs. As a result, we will be waiting for one last opportunity to buy near the bottom of the Channel and target its top or the 1D MA200 (orange trend-line) should it come first. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
6
NZDCAD Close to a medium-term buy signalThe NZDCAD pair has been trading within a Channel Down since late February 2021. Yesterday it bounced off the Diverging Lower Lows trend-line that started on the June 18 2021 Low. Even though this suggests that the price is at or at least very close to the new medium-term bottom (Lower Low), the indicator that has given a confirmed buy signal since April 2021 is the MACD on the 1D time-frame. As this chart shows, every time the 1D MACD forms a Bullish Cross, the price always makes (even a short-term) rebound. The MACD Bullish Cross is typically formed just a few days after the price bottom (Lower Low). The previous Lower Lows have rallied to the Lower Highs trend-line (top) of the Channel Down in the past two events. At the same time, almost all MACD Bullish Crosses have made the price test the 1D MA200 (orange trend-line), while all have made it test the 1D MA50 (blue trend-line). Assuming we are at or close to the new bottom, the current 0.618 Fibonacci retracement level is around 0.85930, where the 1D MA200 is roughly projected to be by late June. On the other hand, a 1D candle close below the Channel Down, sets in motion a test of the lower Fibonacci extensions at 0.8000 even 0.78000. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
2