NZD/CAD is reacting off the pivot and could potentially rise to the 1st resistance which acts as a pullback resistance. Pivot: 0.8368 1st Support: 0.8368 1st Resistance: 0.8488 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable...
NZD/CAD is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.84007 Why we like it: There is an overlap support level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.83568 Why we like it: There is a pullback support level which...
NZD/CAD is reacting off the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.84183 Why we like it: There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement. Stop loss: 0.84705 Why we like it: There is a pullback resistance...
Hey Traders, in the coming week we are monitoring NZDCAD for a buying opportunity around 0.83300 zone, NZDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.83300 support and resistance area. Trade safe, Joe.
NZD/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.84183 Why we like it: There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement. Stop loss: 0.84705 Why we like it: There is a pullback...
NZD/CAD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level tour take profit. Entry: 0.8328 Why we like it: There is a pullback support level that lines up with the 50% Fibonacci retracement. Stop loss: 0.8284 Why we like it: There is a pullback support level. Take...
NZDCAD about to retest previous resistance at daily pivot, nice long set up.
NZD/CAD has reacted off the pivot which has been identified as an overlap support and could bounce to the 1st resistance. Pivot: 0.83460 1st Support: 0.829488 1st Resistance: 0.84189 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
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...
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83 zone, NZDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area. Trade safe, Joe.
NZD/CAD is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support. Pivot: 0.82714 1st Support: 0.82139 1st resistance: 0.83229 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable...
Hey Traders, in tomorrow's trading session we are monitoring NZDCAD for a selling opportunity around 0.83100 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83100 support and resistance area. Trade safe, Joe.
This is Part 1 of the Weekly Forex Forecast JuLY 22 - 26th In this video, we will cover: S&P500 NASDAQ DOW GOLD SILVER US OIL Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do...
NZD/CAD is rising towards the pivot which has been identified as an overlap resistance and could fall to the 1st support. Pivot: 0.8348 1st Support: 0.82764 1st resistance: 0.83837 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
NZD/CAD is falling towards the pivot and could bounce to the overlap resistance. Pivot: 0.83166 1st Support: 0.82938 1st Resistance: 0.83551 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure...
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...
After the bullish engulfing pattern, the price experienced a significant drop and formed a daily pivot. Consequently, the price could continue to decline; however, at the 0.8273 level, there are two strong support and demand zones that could lead to a price rejection. The appeal of this long position lies in its risk-to-reward ratio of 1.5, with a small stop loss...
NZD/CAD is falling towards the pivot which acts as an overlap support and could bounce from this level to the 1st resistance. Pivot: 0.83496 1st Support: 0.83107 1st Resistance: 0.83993 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...