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Nzd-cad

NZD/CAD-Daily analysis Hello everybody! -On this daily chart we can see that previous support line(yellow line) now becomes resistance line and the price was rejected when it hit that line. -We can also see that yellow line is very strong support and now resistance because it had multiple touches in the past(about 15). -On daily base NZD and CAD are at same level and on weekly base NZD is stronger than CAD. -I recommend to wait until conformation signal if it is going to happen.In other case if NZD gain more bullish power the price may break that resistance line,... THANKS FOR READING! -If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support. -Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
by lCrn49
NZDCAD Daily Analysis 2/1/20NZDCAD Short Idea The Monthly and daily timeframes are both bullish while the weekly and 4 hour are bearish. Currently we are seeing more bearish potential from the current zone. We saw strong rejection at our monthly resistance around 0.87000 and failure to push higher. Now we have spotted the start of a transition and are now looking for more confirmations. A nice retest to the 61.8% fib area would be perfect with some confluence and bearish setups. We’re looking to target lower toward our weekly support around 0.83750
Short
by ForexLeague
2
NZDCAD | Head & ShouldersPlease support this idea with LIKE if you find it useful. Initiate Short. Entry - 0.86067 TP1 - 0.84617 TP2 - 0.83311 TP3 - 0.82491 SL - 0.86419 Reason: Price formed Head and Shoulders pattern, Losing its horizontal support. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advise.
Short
by Anpu
1
NZDCAD 2nd bearish wave !! 100PIPSPrice rejected 0.8800 with a huge rally to 0.8630, breaking the up-trend iniciated on oct'19 ! Since then it's been consolidating with a 40-50pips range! I'm in a Sell right now on 0.8675 where price touched 0.382 fib and got rejected, already in 30pips profit and secured at entry! My initial thought, was that the 0.618 lvl was looking more reliable and i still think price can managed to ge there before the next move down! Lets see! What do you think?? Let me know your opinion in the comment sessions! Also, if you want to join us in a chat group where we can all share our opinion and vision of the market, you are welcome! t.me/tradingbayfx
Short
by rodriguesths
NZDCAD - Sell Opportunity Looking at Kiwi-Cad from the monthly perspective, we can clearly see that this pair is within a range. In addition to this, the monthly uptrend structure has been broken and would provide us of an indication with regards to a long term trend change. The structure is currently creating lower highs and lower lows, also indicating a H&S pattern on the 4HR timeframe, which is considered a liquidity grab in order for the pair to move to the downside. The inner trend line as shown has also been broken. We are awaiting a break and retest of the 0.8625 level. This will activate sell orders. We have a mid-term target of 0.8460, providing us with a yield of 2%. Our long term target will be the supply zone of 0.83000, providing us with an overall yield of 4%.
Short
by IsmailEsat
1
NZDCADAveiq Capital Management Group 15th January 2020 Looking at Kiwi-Cad from the monthly perspective, we can clearly see that this pair is within a range. In addition to this, the monthly uptrend structure has been broken and would provide us of an indication with regards to a long term trend change. The structure is currently creating lower highs and lower lows, also indicating a H&S pattern on the 4HR timeframe, which is considered a liquidity grab in order for the pair to move to the downside. The inner trend line as shown has also been broken. We are awaiting a break and retest of the 0.8625 level. This will activate sell orders. We have a mid-term target of 0.8460, providing us with a yield of 2%. Our long term target will be the supply zone of 0.83000, providing us with an overall yield of 4%.
Short
by AveiqCapital
3
NZDCAD, New Zealand Dollar - Canadian Dollar: Chart PatternFX:NZDCAD Why are we using technical analysis? We take all the fundamental information directly on the chart, and we always take as reference the levels that the price action offers us. In Forex, the trends that develop are slower than those of equities or commodities. Most traders try to make a profit by hitting and run in this market thinking that they will achieve extraordinary performance. Remember that if you achieve performance above 30% per year on average, you are an extraordinary trader. What we recommend, is to diversify the markets using the best strategies backtested by you while maintaining your strict rules. Good Trading at All!
Short
by SwissTradingSchool