NZDCAD finally broke below a support line of a major rising parallel channel on a daily. This breakout will most likely lead to a shift in market sentiment and trend reversal. With a high probability, a strong bearish wave is coming. Next goals: 0.9 0.89
We are seeing a pullback on NZDCAD for this upcoming week. Keep an eye out for price to reach around 0.91647 for your entry. Expect to take profit around 0.89493
NZDCAD after the break above the 0.92150 area created an impulse and currently retesting the previous resistance now turned support. According to Plancton's strategy, if the market will break again above the minor resistance we will set a nice long order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
We are seeing a possibility for more Bears to enter NZDCAD for this upcoming week. Off of the Weekly time frame, you can see an obvious area of resistance that was respected back on December 16, 2018 and again March 17, 2019. Seeing that price could be holding this resistance, we can expect a nice entry zone for Bears between 0.92125 - 0.91766 (based off our...
Midterm forecast: While the price is below the resistance 0.9330, beginning of downtrend is expected. We make sure when the support at 0.8985 breaks. If the resistance at 0.9330 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 0.91615 on 2020-12-03 and...
Midterm forecast: While the price is below the resistance 0.9330, beginning of downtrend is expected. We make sure when the support at 0.8985 breaks. If the resistance at 0.9330 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 0.91615 on 2020-12-03 and...
NZDCAD after breaking the descending channel created an impulse until the weekly resistance. The market couldn't break above and currently retracing. IF the price will break above we can set, according to Plancton's strategy, a nice long order. --- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵...
NZDCAD is ranging between the 0.91450 and the weekly resistance. The market after the last impulse is testing the 0.5 Fibonacci level with a false breakout If the price will break above the trendline we can set a nice long order according to Plancton's strategy --- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure ->...
NZDCAD broke a support line of a major rising wedge pattern on a daily. Before the breakout, the price was trading within a narrow consolidation range for 3 weeks. This night the range was broken as well. Now bearish continuation is expected. Targets: 0.9065 0.9005
Seeing some overall weakness starting to come in across NZD pairs. With NZDCAD, we have been trading near 2020 highs since start of the year. We were unable to hold break above, and now possible weakness and retracement back to some earlier demand areas. On the H4, we see a rejection above Jan value area, and a sort of H&S (double top) formation taking place...
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 : During the 20th of January 2021, the price got a strong bullish impulse on the main S/R zone...
Price is currently at all-time highs right now which means it can be a great opportunity for SELLS (Bears). We drew a Fibonacci from the most recent high to low and we can definitely see that right at the 61.80 level there was a Double Top and also right at the sell level from last month and also this month if you trade using Pivots. Possible entry for Bears is at...
NZDCAD is now giving us the opportunity for a nice long position. Not too much reasons why I think this will be a good trade. However, the D1/W1 shows a retest of the broken channel however in my view from the monthly it didn't pull back so I'm expecting a big short to come soon from a 1M point of view. Open to other opinions.
After breaking out, price has found its way above my trendline support. with a retest of my trendline on lower timeframe, i should long NZDCAD. Probablities. lets see
NZDCAD is ranging between the 0.91450 and the weekly resistance. The market after the last impulse is consolidating over the 0.5 Fibonacci level 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...