See Signposts for key price action details.
This is my view from the Daily perspective. Share your comments, suggestions and contributions
On the hourly chart we have one of the most popular pattern formations. This is a reversal pattern where if we see a breakout, we expect the same amount of move in the opposite direction as the move in between the neck line and the head. In this case we should see price down at 0,8821. SL above the right shoulder! A good entry will be on the re-test of the...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.89870). 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...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.89870). 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...
Price broke minor uptrendline Pair is based below key level at 0.9000 Below SMA 100 MACD shows weakness in bullish momentum RSI is in downtrend below level 50 It's expected to target major uptrendline near level 0.8905
AUD, NZD & CAD: The biggest mover among the three high beta majors was the CAD which showed a fairly big increase in net long positioning of +10K. What is even more interesting about this is that it occurred before the BOC meeting on Wednesday, which means this Friday’s data should show yet another big increase in positioning after the hawkish tilt from the...
Price is holding below the descending trendline and moving average resistance, showing bearish pressure in line with our bearish bias. We could potentially see price reverse at 1st resistance, in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal pullback resistance, and drop further towards 1st support, in line with 61.8% Fibonacci...
After careful observation on this pair last week, it seems to set its self of nicely for a long opportunity that would be very optimal for our risk-reward. Going further back into historical data, double tops and double bottoms both are strong reversal patterns in this pair. It'd give us great chances of price going our way if we see price close above the last...
NZDCAD broke major downtrendline Price is based above support level at 0.8840 Above SMA 100 MACD shows weakness in bearish momentum RSI is in uptrend It's expected to target key level at 0.9005
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price broke from its Resistance. One can go long Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing...
nzdcad overall is on a bearish trend but we have created a doubble bottom that means market havent to much force to create a new lowerlow. There is a fresh supply area that i am looking for target in buys. From there (supply zone 0.9000) we can look for sells if we see rejections. 0.9000 is a round number too .
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NZDJPY is creating a bearish correction now and approaching an area of interest where it would be ideal for a short. Watch for break of the correction! Goodluck and trade safe!
NZDCAD after the strong bearish impulse retraced exactly at the 0.382 Fibonacci level. The market then tuned again into the bear scenario and now is testing the support area. According to Plancton's strategy if the price will break below we can set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure...
The downtrend starts on February 25 and we have already seen a nice down movement. We are now considering a new sell opportunity. Yesterday the price reached 0.8835 - this is 38.2 of the fibonacci of the last decline. We are currently seeing repulsion. This allows for a drop to 0.8750. The next level is 0.8700.
Welcome to our weekly trade setup ( NZDCAD )! - 1 HOUR Price turnover.. 4 HOUR Very bearish market structure turning right now. DAILY Good long entries, price about to rise! - FOREX SWING BUY NZDCAD ENTRY LEVEL @ 0.88130 SL @ 0.87540 TP @ 0.89660 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like...