NZDCAD: Bullish Move From Support
NZDCAD is trading within a wide horizontal trading range on 4H.
Yesterday its support was reached.
On that the price formed a dodji candle and was nicely rejected.
Taking into consideration that the market is currently trading in sideways,
I expect a bullish move.
Goals:
0.919
0.9208
Nzd-cad
💡 Don't miss the great sell opportunity in NZDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9225). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 0.9140
TP2= @ 0.9052
TP3= @ 0.8985
TP4= @ 0.8937
TP5= @ 0.8865
SL: Break Above R2
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💡 Don't miss the great sell opportunity in NZDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9225). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 0.9140
TP2= @ 0.9052
TP3= @ 0.8985
TP4= @ 0.8937
TP5= @ 0.8865
SL: Break Above R2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
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Now, It's your turn!
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ForecastCity English Support Team ❤️
NZDCAD accumulation for a break 🦐NZDCAD is ranging between the 0.91450 and the weekly resistance.
If the price will break above we can set a nice long order according to Plancton's strategy
---
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
💡 Don't miss the great buy opportunity in NZDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9165). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.9200
TP2= @ 0.9225
TP3= @ 0.9255
TP4= @ 0.9300
TP5= @ 0.9350
SL= Break below S2
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. . . . . Please show your support back,
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡 Don't miss the great buy opportunity in NZDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9165). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.9200
TP2= @ 0.9225
TP3= @ 0.9255
TP4= @ 0.9300
TP5= @ 0.9350
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!
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Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️
NZDCAD: The BULLISH Impulse close to the end!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
NZD/CAD
⚪ Technical Analysis :
Since the 20th of January 2021, once the price got a strong rejection on its main trendline, it has been moving with a clear uptrend, breaking through the S/R zone at about 0.91500, re-testing few times the same level before pushing up again.
It is currently still in uptrend and there is a possibility to see the price re-testing an important weekly resistance zone at about 0.92500.
🔴 Conclusion :
I'm confident to see the price reaching the main weekly resistance zone and then collapsing down until its daily S/R level at about 0.91500, that would be a nice trend correction of its previous bullish impulse.
The last daily bar is showing a possible sign of weakness and I'll be waiting for it to reach the weekly resistance zone before planning my short position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
NZDCAD - ShortPossible short opportunity on NZDCAD.
Price has struggled to break resistance at 0.9220 and so we may see some bearish momentum.
A break in the marked trend line will call for a short opportunity as the price may break out of the 0.9170 level and retreat down to support at the 0.9060 level.
Be cautious as price approaches the 2000 EMA on the 4H chart as this may act as some support.
NZDCAD short sell Price at the moment pullback from the resistance and we will now see if the price pullback from support or break through, in past it broke the downtrend channel and now we have uptrend channel. The price is above 200ma, however we are at the point where the channel can break and break the support making a downtrend channel.
So far looking in the day time frame the price pull back from the major weekly resistance....
Good luck
NZDCAD: Be ready to SHORT on this Opportunity!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
NZD/CAD
⚪ Technical Analysis :
Since November 2020, the price has been following an interesting trendline, bouncing on it many times during the last few months.
Once it reached the main resistance zone at about 0.92500 on the 6th of January 2020, it just quickly and heavily collapsed back to its main trendline, getting then, a strong trend correction.
It has currently re-testing the S/R zone at about 0.91500 and the next price action on this area will be essential to understand the next market movement.
🔴 Conclusion :
The last bullish impulse wasn't able to break the 0.92000 level and it could be a nice sign of market weakness.
I'll be waiting for more sessions to understand properly the next direction but I'm currently confident to see the price falling down until the main trendline.
I'll update this idea with a clear Signal as soon as we'll get a clear rejection on that level.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your
NZDCAD - Short opportunity!Hey traders,
NZDCAD has shown strong bullish momentum the past 4-5 days after the break of the resistance trend line (A), after a bullish run NZDCAD has recently hit the 78.60 Fibonacci level, this level has been respected and has shown strong rejection.
Price has broken the support trend line (B) and is showing bearish momentum, this can be expected from this point onwards.
If you find this idea helpful...
Leave a like as it is much appreciated👍
Follow for future ideas❤
Comment below on what you think🗨
NZD/CAD - ShortPossible short opportunity on NZD/CAD.
following a break out from the uptrend, the price has returned with bullish momentum and has now reached an area of resistance.
Following a break in the trend line, bearish rejection at this zone (0.9190), and signals from the MACD and RVI I believe we could see bearish momentum down to support at 0.9050.
💡Don't miss the great sell opportunity in NZDCADTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.9162).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCAD is in a downtrend and the continuation of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.
Take Profits:
TP1= @ 0.9075
TP2= @ 0.9034
TP3= @ 0.8979
TP4= @ 0.8902
TP5= @ 0.8746
SL: Break Above R2
❤️ 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 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 ❤️
NZDCAD on a weekly resistance 🦐NZDCAD got rejected by a weekly resistamce.
The price, which is moving inside an ascending channel, retraced until the 0.5 Fibonacci level.
According to Plancton's strategy if the price will break above we can set a nice long order.
---
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.