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Nzd-cad

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) Membership signal blog and Ebooks: www.GratefulChartArtist.com
Short
by davistradingforex
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
Long
by FxWirePro
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.
Short
by easyMarkets
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.
Short
by Tickmill
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 for more updates please join our telegram chat in sig below
Long
by majorlee
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
Short
by Tickmill
7
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. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
by FXTM
1