Nzd-cad
NZDCAD ANALYSISNZDCAD broke major uptrendline
Pair respects downtrendline
Based below key level between levels 0.8712 and 0.8743
Price rejected from HVN at level 0.8743 with strong bearish movement which indicates that pair is in distribution phase
Below SMA 100 on H4 frame
MACD shows weakness in bullish momentum
RSI is below level 50
Price now is forming bearish Elliot wave (5)
It's expected for the continuation of bearish movement to target support level at 0.8340
NZDCAD King's Crown - Sell Right TipCalled this trade a while ago and fell down perfectly, hopefully you were able to take the ride down as well of 200+ pips. (linked idea)
King's Crown formation setting up perfectly.
Look to sell at right tip @ .8800 area
TP @ 0.8570 - 0.8400 area
Good luck trading! Please help like these free analysis as others will benefit from seeing them as well.
Let me know how I can help.
Charles V
www.cvfxmanagement.com
Trading made Simple
NZD/CAD DOWNWARD TREND Same trade set up as last week guys, We already hit both take profits, now onto the next.
Stop loss- 0.87103
Take profit- 0.85760
Don't forget risk management.
Like and follow!!
NZD/CAD Breaking the Support Zone🔸 4H CHART EXPLANATION:
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🔸Price bounced at the Daily Resistance Zone.
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🔸It has broken the Ascending Trendline.
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🔸 Now, it is breaking the Support Zone, and we consider that it has potential to reach the next Support at 0.85600.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
Post-NFP week analysisAnalyzing the effects of the recent NFP reports on the USD, other major currencies and Gold most especially.
NZD/CAD Two Possible Scenarios 🔸 4H CHART EXPLANATION:
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🔸Price bounced at the Resistance Zone.
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🔸Now, it is facing the Ascending Trendline.
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🔸We have two possible scenarios here. In case of a breakout to the downside, we will consider a short trade towards the Support Zone. And, in case of a clear bounce, we will look for a long trade towards the Resistance Zone.
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🔸 Will look for a lower timeframe setup.
🔸 DAILY CHART ANALYSIS:
NZDCAD Price is testing the bottom of our MOB zone! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
NZD/CAD Bearish View by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸Price bounced at the Resistance Zone.
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🔸It is facing the confluence zone between the Ascending Trendline and the Support Zone.
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🔸If this zone is broken to the downside, then the first bearish target is the main Ascending Trendline.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
Don't miss the great sell opportunity in NZDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.895). 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 40.
Take Profits:
TP1= @ 0.8858
TP2= @ 0.8795
TP3= @ 0.8745
TP4= @ 0.8685
TP5= @ 0.8590
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 (0.895). 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 40.
Take Profits:
TP1= @ 0.8858
TP2= @ 0.8795
TP3= @ 0.8745
TP4= @ 0.8685
TP5= @ 0.8590
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 do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NZDCAD testing support potential bounce | 28 July 2020 Price is testing support where we could see a bounce above this level.
NZD CAD SELL (NEW ZEALAND DOLLAR - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
NZDCAD SHORTNZDCAD TRADE MARKED ON CHART
PLEASE DO YOUR OWN DUE DILIGENCE AND ANALYSIS, TRADE AT YOUR OWN RISK
NZD CAD Sell 700 Pip Opportunity NZDCAD currently in a downwards channel and top channel is holding.
This pair will start to make its way back down towards the bottom of the channel.
Entry:
Wait for confirmation with a daily bear candle close under the up trend line.
Indicators:
1. Pair currently trading in downwards channel acting as resistance.
2. Historically this channel has held so expectation is downwards movement.
2. Weekly RSI overbought bulls are weakening.
TP levels at past support/pivot levels.
As this pair breaks the trendline, take small profits of 40-50 pip ranges as movement may be slow.
Otherwise this is a great trade for long term.
Good luck trading!
Charles V
CVFX Management
Trading made simple.
NZDCAD price has bounced off S2 now what. This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
