Nzd-cad
NZDCAD possible return north to Weekly Sup/Res lineWas waiting for NZDCAD to break out of consolidation, up 30 pips at the moment and looking towards the weekly sup/res line and possible return to trend line
Possible Deep Crab on NZDCAD 4hPrice rose steadily from 0.87250 but has dropped a little on the last 2 bars. Nonetheless, pattern is about to complete.
Wait for it and analyse it behavior on PRZ... after D is defined recalculate your numbers. I'll try to get it on its way down.
Numbers look like:
Entry: 0.89180
SL: 0.8975 ( wait for the PA retracement)
TP1: 0.87789 (.236AD 2.56 RR)
TP2: 0.86915 (.382AD 4.13 RR)
TP3: 0.86208 (.500AD 5.41 RR)
Good Luck!
NZD/CAD ShortLooking at a short pullback into weekly support and retest of trendline breakout zone. The NZD bullish impulse wave has been pretty extended and was strong enough to break through the weekly trendline to the upside but I don't think it can continue much farther without a slight pullback. I have a bullish bias long term on this pair but I would like to see it exhaust some of its current momentum and retest some support levels to accumulate more buyers before continuing its move up.
-Solid black lines are weekly levels support/resistance (major)
-Dotted black lines are daily levels support/resistance (minor)
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NZDCAD Short as price comes into supply on a 30min TF Spot fx short set up for the NZDCAD pair as price moves breaks up to .8785 with a stop at .8810. Target is .8660. 125 pip reward for a 25 pip risk. 5:1 RR. Price shown is the 240min time frame but the levels drawn are seen more clearly on a 30min time frame.
AUDJPY Approaching Resistance, Potential ReversalAUDJPY is approaching its resistance at 82.31 (100% Fibonacci extension , 38.2% & 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 81.36 (23.6% Fibonacci retracement , horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
Long NZD/CAD above 0.86The pair has paused upside, finds stiff resistance at 55-EMA and daily cloud at 0.86.
Break above 0.86 handle could propel the pair higher. Next major resistance lies at 110-EMA at 0.8712 ahead of 38.2% Fib at 0.8778.
Technical analysis shows bullish bias. Price has broken and holds above 5-DMA and finds strong support at 20-DMA.
RSI and Stochs are biased higher and MACD supports upside
Support levels - 0.8546 (5-DMA), 0.8535 (21-EMA), 0.8468 (Oct 24 low)
Resistance levels - 0.86 (daily cloud, 23.6% Fib and 55-EMA), 0.8658 (Oct 19/ 22 high), 0.8778 (38.2% Fib)
Stay long on break above 55-EMA, SL: 0.8530, TP: 0.8660/ 0.87/ 0.8775
NZDCAD Approaching Resistance, Potential ReversalNZDCAD is approaching its resistance at 0.8778 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 0.8558 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 98.3% where a corresponding reversal could occur.
NZDCAD approaching resistance, potential drop!NZDCAD is approaching our first resistance at 0.8768 (horizontal swing high resistance, 50% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.8651 (horizontal pullback support, 61.8% fibonacci extension, 38.2% fibonaccci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresonding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDCAD inverse H&S playLooks like a inverse H&S in the making here. I would not get in before this channel breaks or before that red resistance zone breaks. Price should not drop below that green support zone anymore, so that would be a good stop loss level when entering this trade.
NZDCAD approaching resistance, potential drop!NZDCAD is approaching our first resistance at 0.8768 (horizontal swing high resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 0.8651 (horizontal pullback support, 61.8% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
NZDCAD DROP?Signal NZDCAD Sell Limit @ 0.91280
SL: 0.91600 (32 Pips)
TP: 0.89800 (148 Pips)
4.63R
Analysis: Entry based off Daily pivot/38.2% Retracement. Stop based a bit higher than 78.2% retracement. Weekly 50% Retracement hit, multiple daily candles failing to bring price higher. Breach of Bull trend channel. Price has been forming distribution and target is 50% level, significant structure on HTF. Strong H4 RSI Divergence. Reversal trade.
NZDCAD approaching resistance, potential drop! NZDCAD is approaching our first resistance at 0.8508 (Horizontal overlap resistance, 23.6% fiboancci retracement) and a strong drop might occur pushing price down to our major support at 0.8429 (61.8% Fibonacci extension).
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZD/CAD Long- Strong NZD/weak CAD [BTFD]CAD has lost some power recently while NZD gaining strength
looking to long the New Zealand Dollar against the Canadian Dollar
indicators showing bullish signs, COP into bull and not overbought, AO indy moving up into bull area, while the VIX FIX is winding down ready for more volume and change of direction again bullish
im looking for price to come under the P value 0.850-0.853 area
First target is S3, maybe can go higher and left room on the trade to do so
good trades to all
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NZDCAD Bullish ContinuationNZDCAD Bullish Continuation in sight.
Details are on the chart.
This trade is active.
Happy Trading!
NZDCAD approaching resistance, potential drop! NZDCAD is approaching our first resistance at 0.8595 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.8463 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and seeing a bearish divergence and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Fine bearish downtrendNZDCAD is in downtrend both on daily and weekly, though on monthly it stalled at 200 EMA.
EURUSD tests support at 1.1500 !The EURUSD story is unfolding exactly as expected and discussed lately. It is seen to be testing the support zone projected yesterday between 1.1500/30 levels, and probable bullish reversal likely from here. Looking into the immediate wave structure, a lower degree wave i and ii now seem to be in place with potential termination (for wave ii) at 1.1490/1.1500 levels. Please also note that prices are reversing from a fibonacci 0.618 support of wave i (between 1.1432 and 1.1620). Projected immediate target could be seen at 1.1800/50 levels, going forward. Overall, the short term bullish scenario remains for EURUSD.
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AUDNZD Approaching Resistance, Potential ReversalAUDNZD is approaching its resistance at 1.09008 (61.8% Fibonacci extension x2, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.08593 (50% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
NZDCAD approaching resistance, potential drop! NZDCAD is approaching our first resistance at 0.8510 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.8374 (horizontal swing low support, 76.4% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDCAD approaching resistance, potential drop! NZDCAD is approaching our first resistance at 0.8519 (horizontal pullback resistance, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.8374 (horizontal swing low support, 76.4% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDCAD: Target hit. 1W Channel Down intact. Buy the Low/ Sell thTP = 0.84500 hit as the 1D Channel Down (RSI = 42.903) made a new Lower Low at 0.8324. With the 1W Channel Down intact (MACD = -0.015, Highs/Lows = -0.0163, B/BP = -0.0485), NZDCAD should rebound for a Lower High either at 0.85500 (1D Lower High - more likely) or 0.87500 (1W Lower High - less likely). Both are solid long term short entries. We will be taking those opportunities to sell with TP = 0.8200.
