NZD/CAD : Buy on the PullbackIt is centered between a high price range and we expect the third support to happen until we enter into a long position
Nzd-cad
NZDCAD Buy SignalPattern: Descending Triangle on 1W.
Signal: Bullish as the current bullish leg is expected to price a new Lower High after a minor pull back.
Target: 0.89000 (Lower High) and 0.92000 (just below the 1W Resistance) if the Lower High trend line (red) breaks.
NZDCAD - 0.87000, turning point? 0.87000 Rejected and liquidity being fulfilled at this price.
Possibilities here are as follow;
Short on a second attempt to break 0.87000 with lowered risk.
Await price to hit 0.86400 price range or even lower at 0.86000. Potential long positions around these price levels.
Although NZDCAD is in a very strong rally now for the past several weeks. I'm cautious with big trades. Would prefer intra - day positions now until further clarity on this trend. (swing positions)
NZDCAD: Bearish Continuation
NZDCAD has reached a strong resistance level on a daily.
On 1H chart we see a double top formation with a lower high! +
the market has just broken below the minor support beneath the tops.
I believe that bears will keep pushing the market lower.
key levels will be
0.8605
0.856
NZD CAD SELL (NEW ZEALAND DOLLAR - CANADIAN DOLLAR)Hi there. Price is forming a reversal pattern to change its formation. Watch strong price action at the current price for sell.
NZDCAD DAILY 11/30/19NZDCAD LONG IDEA
NZDCAD has been very bearish on the higher time-frames but we have seen a bit of a bullish trend on the daily.
We can see that the weekly resistance level around 0.85000 was broken last week and price action is currently consolidating.
Although we see a lot of exhaustion on the daily there is bullish pressure still present. On a 4hour time-frame we can see that this area is consolidating in a range and has formed a rectangle.
We will need to see some conviction and this range broken but ultimately we are looking to target higher
The daily 61.8% and monthly resistance around 0.86400 is going to be our target which is about 115+ pips higher from current price
NZDCAD: Long term Buy opportunity.The pair is on a strong 1D Channel Up (RSI = 61.239, ADX = 42.796) since the rebound on the 0.82450 Support. This support level has been holding since 2015 and we are expecting this rebound to be extended on a much longer time frame.
If the 2016 sequence is replicated then, after a short rejection on the 1W MA50, the pair should reach the last 1W Resistance. This is essentially our Target Zone: 0.91750 - 0.92800.
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NZDCAD Daily Analysis 11/24/19Higher timeframe analysis for NCAD has been more bearish but on this daily time-frame we have seen a strong bullish trend that is not quite ready to drop.
Last week the major weekly resistance level was broken and is now being retested, price action also failed to reverse at our 38.2% fib level so we will look toward our next key fib level, the 61.8%.
If we see strong bullish setups off this weekly support we will look to target toward the 61.8%, monthly resistance and 200 ema around 0.86350 which is over 120+ pips away.
Be careful around that confluence area as it is an important zone that may show bearish volume and favor the overall higher time-frame bearish trend!
NZDCAD LONG CONTIUATIONThis pair tends to make double bottoms every swing low before continuing, so far price hasn't achieved one at Support which was our heavy Resistance before hand. An engulfing candle/ Bullish momentum would be a great indication that Buyers are in fact entering this area.
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 - 4HDears,
please, be the area for sell it is still strong and if you want to sell with the safety you can sell under the area.
Good luck.
NZD/CAD on point*All content have only educational and informational purposes, and never should use it as financial advice.
NZD CAD SELL (NEW ZEALAND DOLLAR - CANADIAN DOLLAR)Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for sell.
Don't miss the great buy opportunity in NZDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8501). 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 77.
Take Profits:
TP1= @ 0.8645
TP2= @ 0.8790
TP3= @ 0.8905
SL= Break below S2
Don't miss the great buy opportunity in NZDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8501). 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 77.
Take Profits:
TP1= @ 0.8645
TP2= @ 0.8790
TP3= @ 0.8905
SL= Break below S2
NZDCAD: Trend Shift
hey traders,
It looks like NZDCAD is finally going to reverse.
from summer the market started to slow down
and with the formation of the higher low, I think that the sentiment is steadily changing from bearish to bullish on this currency pair.
one thing that we need is the bullish break and close above the neckline - 0.85 level.
then we are free to buy the pair expecting bullish continuation to 0.86/0.87 level.
NZDCAD - Perfection does exist Last week's trade set up played out perfectly. Awaiting a retracement now for a new push to the upside potentially making new highs
NZDCAD DAILY 11/17/19NZDCAD SHORT IDEA
Overall higher time-frame analysis shows that price action has been majorly bearish
Current price action is near the daily 38.2% fib level as well as a weekly resistance level around 0.8500
To support our bearish sentiment we would like to see strong bearish setups coming from the current level and pushing down toward 0.83500
Upon a break and retest of the 0.83500 level we will target toward our monthly support around 0.82500 followed by a target toward our daily -27% fib level near 0.80600
If price action breaks the 0.8500 look for price to reach the daily 61.8% fib level around 0.86300
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.
