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Nzd-cad

NZDCAD approaching 1st support, potential bounce!Price is approaching 1st support, which is in line with 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support. We could see a bounce and further rise towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Stochastics is also approaching support where price has bounced from in the past, showing possible bullish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
Today's Notable Sentiment ShiftsAntipodeans/Safe-Havens – AUD and NZD remained pressured throughout Thursday, while safe-havens CHF and JPY remained broadly well supported as a bout of global risk aversion hit equities and lowered bond yields. Commenting on the risk-off tone, Forexxtra noted that “the risk-off theme is clear across all markets, especially in currencies with the strongest risk DNAs including the Aussie, Canadian dollar and the Kiwi. This feels very much as though this is a washout of positions which could have some real potential in a market which has already felt very thin this week.” Forexxtra’s views were confirmed by Reuters, who noted there was a broad-based unwinding of risky positions by some hedge funds.
by thunderpips
2
💡Don't miss the great buy opportunity in NZDCADTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8727). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDCAD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 53. Take Profits: TP1= @ 0.8775 TP2= @ 0.8797 TP3= @ 0.8837 TP4= @ 0.8871 TP5= @ 0.8929 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
9
💡Don't miss the great buy opportunity in NZDCADTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8727). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDCAD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 53. Take Profits: TP1= @ 0.8775 TP2= @ 0.8797 TP3= @ 0.8837 TP4= @ 0.8871 TP5= @ 0.8929 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
6
💡Don't miss the great buy opportunity in NZDCADTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (.086473). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDCAD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 61 . Take Profits: TP1= @ 0.86818 TP2= @ 0.87144 TP3= @ 0.87396 TP4= @ 0.87679 TP5= @ 0.87976 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
💡Don't miss the great buy opportunity in NZDCADTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (.086473). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDCAD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 63 . Take Profits: TP1= @ 0.86818 TP2= @ 0.87144 TP3= @ 0.87396 TP4= @ 0.87679 TP5= @ 0.87976 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
6
NZDCAD - FOREX - 21. JUNE. 2021Welcome to our weekly trade setup ( NZDCAD )! - 1 HOUR Bullish price action after closing above main sr level. 4 HOUR Overall bullish market structure. DAILY Expecting further bullish price action. - FOREX SETUP BUY NZDCAD ENTRY LEVEL @ 0.86430 SL @ 0.86050 TP @ 0.87030 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
3
NZDCAD bullish breakout | 21st June 2021NZDCAD has shown a bullish breakout from the descending trendline resistance-turned-support and is now holding above the moving average support. We could see a bounce at Buy Entry level, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback support and moving average support, and further upside towards Take Profit level, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
1
NZD/CAD Preparing for a new Rally?Good morning traders! Today we will analyze NZD/CAD as we detect a potential bullish trade. This situation is not ready since we are analyzing a high timeframe, but we want to be ready when the situation arises. It is ALWAYS advisable to anticipate the price and state what we are looking for to plan the trade correctly and manage it in the best possible way. This makes us eliminate most of our emotions during the trade since we will have all the possible scenarios contemplated and assumed. 🔸Now we go to the technical aspect: - In the weekly chart (posted on the idea), we see that the price broke a bearish channel that was active for approximately 5 years. Then, on the rise, it faced the resistance zone and from there began a corrective process. - It is facing a strong support zone, formed by the broken trend line + a strong demand zone. - Although it is an interesting level, we should wait for some confirmations for the situation to develop. 🔸We will expect the following: - This is the daily chart, here we see the Descending Trendline of the current structure. What we are waiting for is a breakout + correction pattern. If this happens, we will pose a bullish trade after the correction breakout and look for a target towards the next resistance zone. In this way, we maximize the R/R ratio.
Long
by ThinkingAntsOk
2
NZDCAD testing 1st resistance, potential for reversal!Price is testing the 1st resistance, in line with 50% Fibonacci retracement, 127.2% Fibonacci extension, horizontal pullback resistance and descending trendline resistance. We could see a reversal here and further downside towards 1st support, in line with 100%, 127.2% Fibonacci extension and horizontal swing low support. Price is also holding below the descending trendline and moving average resistances, showing signs of bearish pressure in line with our analysis. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
NZDCAD - FORECASTHere is a FOREX trade for all you currency traders. If you're into holding foreign currency for long term this chart might interest you. NZDCAD is in the buy zone after a nice move up showing some bullish sentiment. I'm looking to long here, lower or if you just need further confirmation get in as it breaks out of the green line. Worth the risk at the price IMO. Stoploss below white line, take profits at colored lines above. THIS IS NOT FINANCIAL ADVICE, DO NOT BLINDLY FOLLOW THIS TRACE.
Long
by SatoriTrades
NZDCAD testing descending trendline resistance, drop incoming!Price is testing the descending trendline resistance and holding below 1st resistance, in line with 61.8% Fibonacci retracement, 161.8% Fibonacci extension and horizontal pullback resistance. We could see a reversal here and further downside towards 1st support, in line with 61.8% Fibonacci extension and horizontal swing low support. Stochastics is also testing the 94.05 resistance where it has reversed from before, showing signs of bearish pressure in line with our analysis. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
NZDCAD BULLISH WEEK?looking on the weekly we have a beautiful retest of the broken trendline and now has hit the support on weekly looks like a double bottom zoom into the daily and we see that we already see another double bottom happening followed by a almost a engulfing bull on the 4h i see price is rejecting the current down trend it is in and ready to shoot back down probably to form another double bottom on 4h with the correct price action rejection etc i will enter and if if price makes another HH on 4h i will wait for retest for another position
Long
by MaxSeal