GBPJPY appears overboughtThe Tidal Shift Strategy has just bought EURUSD at 1.1638. The system recommends entering this trade at any price between 1.16215 and 1.16545. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.68557, which suggests that the EURUSD could be trending upwards.The 14-period Average True Range on a daily chart is 0.00132, so the stop loss has been set at 1.15719. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 58823
Time Issued: Thursday, 13 September 2018 20:00:16 GMT
Status: open
Entry: 146.444 - 147.096
Limit: N/A
Stop Loss: 148.076
Nzd-cad
NZDCAD approaching resistance, potential drop!NZDCAD is approaching our first resistance at 0.8560 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.8500 (horizontal swing low support).
RSI (34) is also approaching our descending resistance line and a reaction below this level 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.
NZDCAD approaching resistance, potential drop!NZDCAD is approaching our first resistance at 0.8562 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.8422 (61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
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.
Awaiting for 1D break-out. Overall bearish: 1W Channel Down.NZDCAD is trading within a 1D Channel Down (MACD = -0.004, B/BP = -0.0015) that has however just made a Lower High (RSI = 48.054, Highs/Lows = 0.0000). If 0.87200 breaks then the underlying 1W Channel Down (RSI = 37.794, MACD = -0.010, STOCH = 21.859, ROC = -3.915) that has been dicating the bearish trend since March, will rise to price its own Lower High near 0.8900. That will be the ideal place to short (TP = 0.84500). On a different occasion (0.87200 doesn't break), continue shorting towards 0.84500.
NZD/CAD short opportunity Technical Analysis: Bias Bearish
- Price action has failed to extend break above 21-EMA
- Pair slips below 5-DMA, 5-DMA has turned south
- Major EMAs are downward sloping and price below daily cloud
- RSI below 50 and biased lower, MACD well below zero mark
Fundamental View:
- Markets will be watching out for New Zeakand August business confidence data due later this week.
- The Reserve Bank of New Zealand (RBNZ) has cited weak investment intentions as a reason for a more subdued outlook for the New Zealand economy.
- RBNZ Gov Orr, at the Jackson Hole, reiterated that the central bank intends to hold policy rates low for an extended period of time which is likely to keep a lid on the Kiwi dollar.
Support levels - 0.8641 (Nov 17, 2017 low), 0.8561 (Aug 15 low), 0.8555 (trendline)
Resistance levels - 0.8679 (5-DMA), 0.8716 (21-EMA), 0.8761 (Aug 22 high)
Good to go short on upticks, SL: 0.8720, TP: 0.86/ 0.8565/ 0.8555
A new opportunity in the trend of NZDCADMidterm Forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.8785 would begin in Midterm.
We will close our open trades. if the Midterm level 0.8785 is broken.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in the daily chart at 0.8825 on 08/08/2018, so more losses to support(s) 0.8400, 0.8310, 0.7965 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains.
Relative strength index (RSI) is 24.
Entry signal:
Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Trade Setup:
We opened 8 SELL trade(s) @ 0.9162 (day close price) based on 'Shooting Star' at 2018.06.22 signaled by DTO:
Total Profit: 2270 pip
Closed trade(s): 1744 pip Profit
Open trade(s): 526 pip Profit
Closed Profit:
TP1 @ 0.9110 touched at 2018.06.26 with 52 pip Profit.
TP2 @ 0.9065 touched at 2018.06.27 with 97 pip Profit.
TP3 @ 0.9000 touched at 2018.06.28 with 162 pip Profit.
TP4 @ 0.8930 touched at 2018.06.29 with 232 pip Profit.
TP5 @ 0.8860 touched at 2018.07.02 with 302 pip Profit.
TP6 @ 0.8785 touched at 2018.08.02 with 377 pip Profit.
TP7 @ 0.8640 touched at 2018.08.09 with 522 pip Profit.
52 + 97 + 162 + 232 + 302 + 377 + 522 = 1744 pip
Open Profit:
Profit for one trade is 0.9162(open price) - 0.8636(current price) = 526 pip
1 trade(s) still open, therefore total profit for open trade(s) is 526 x 1 = 526 pip
Take Profits:
TP1= @ 0.9110
TP2= @ 0.9065
TP3= @ 0.9000
TP4= @ 0.8930
TP5= @ 0.8860
TP6= @ 0.8785
TP7= @ 0.8640
TP8= Free
A new opportunity in the trend of NZDCADMidterm Forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.8785 would begin in Midterm.
We will close our open trades. if the Midterm level 0.8785 is broken.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in the daily chart at 0.8825 on 08/08/2018, so more losses to support(s) 0.8400, 0.8310, 0.7965 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains.
Relative strength index (RSI) is 24.
Entry signal:
Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Trade Setup:
We opened 8 SELL trade(s) @ 0.9162 (day close price) based on 'Shooting Star' at 2018.06.22 signaled by DTO:
Total Profit: 2270 pip
Closed trade(s): 1744 pip Profit
Open trade(s): 526 pip Profit
Closed Profit:
TP1 @ 0.9110 touched at 2018.06.26 with 52 pip Profit.
TP2 @ 0.9065 touched at 2018.06.27 with 97 pip Profit.
TP3 @ 0.9000 touched at 2018.06.28 with 162 pip Profit.
TP4 @ 0.8930 touched at 2018.06.29 with 232 pip Profit.
TP5 @ 0.8860 touched at 2018.07.02 with 302 pip Profit.
TP6 @ 0.8785 touched at 2018.08.02 with 377 pip Profit.
TP7 @ 0.8640 touched at 2018.08.09 with 522 pip Profit.
52 + 97 + 162 + 232 + 302 + 377 + 522 = 1744 pip
Open Profit:
Profit for one trade is 0.9162(open price) - 0.8636(current price) = 526 pip
1 trade(s) still open, therefore total profit for open trade(s) is 526 x 1 = 526 pip
Take Profits:
TP1= @ 0.9110
TP2= @ 0.9065
TP3= @ 0.9000
TP4= @ 0.8930
TP5= @ 0.8860
TP6= @ 0.8785
TP7= @ 0.8640
TP8= Free
Ichimoku setup based on Harami pattern off 0.5 Fib extBear harami off 0.5 daily Fib extension (close based - line chart)
While I am publishing it (takes 15 min to get it online) price already dropped 8 pips our way.
First TP - BB central band
2nd TP - last swing low - Fib extension - outer BB band
PS - Candle reversal patterns offer tight stops and great risk reward ratio...
NZD/CAD - short opportunity NZD/CAD trades in a Symmetric Triangle pattern.
The pair is on verge of breach at triangle base.
Scope then for dip till 88.6% Fib at 0.8741.
We see bearish invalidation only above 21-EMA.
Support levels - 0.8829 (78.6% Fib), 0.8786 (May 17 low), 0.8741 (88.6% Fib)
Resistance levels - 0.8868 (5-DMA), 0.89, 0.8921 (21-EMA)
Stay short on decisive close below 'Triangle base', target 0.8830/ 0.8785/ 0.8745
NZD/CAD major fib levelI know it's hard to make out the chart, But Ncad is a trend line breakout, breaking the recent low and is at a major fibonacci intersection that sane analysts would never consider. Showing plenty of momentum divergence and a candidate for at least a little running flat or a spike reaction from this zone.
NZDCAD - WEEKLY SWING - 30. JULY 2018WELCOME TO DACAPITAL TRADING!!
NZDCAD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Bullish reaction to 0.88350
DAILY
Right now sideways but bearish movement
WEEKLY
Very Price action occurred after taking out 0.922
LEVELS
SELL NZDCAD @ 0.89120
SL @ 0.89770 (65 Pips)
TP1 @ 0.88410 (75 Pips)
TP2 @ 0.88160 (100 Pips)
MOVE SL TO BE @ HIT OF 88.6 FIB!
Weekly Wave Swing, Close 3/4 Position at Hit of TP1!
Enjoy our limited Free Content and Setups,
leave us a like and Comment!!
DACAPITAL TRADING
A new opportunity to Sell in NZDCADMidterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend.
Technical analysis:
.While the RSI resistance #1 at 73 is not broken, the probability of price increase would be too low.
.A peak is formed in daily chart at 0.9160 on 06/08/2018, so more losses to support(s) 0.9110, 0.9065, 0.9000 and more depths is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 64.
Trading suggestion:
There is possibility of temporary retracement to suggestedSell Zone (0.9170 to 0.9240), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.9170)
Ending of entry zone (0.9240)
Entry signal:
Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.9110
TP2= @ 0.9065
TP3= @ 0.9000
TP4= @ 0.8930
TP5= @ 0.8860
TP6= @ 0.8785
TP7= @ 0.8640
TP8= @ Free
A new opportunity to Sell in NZDCADMidterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend.
Technical analysis:
.While the RSI resistance #1 at 73 is not broken, the probability of price increase would be too low.
.A peak is formed in daily chart at 0.9160 on 06/08/2018, so more losses to support(s) 0.9110, 0.9065, 0.9000 and more depths is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 64.
Trading suggestion:
There is possibility of temporary retracement to suggested Sell Zone (0.9170 to 0.9240), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.9170)
Ending of entry zone (0.9240)
Entry signal:
Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.9110
TP2= @ 0.9065
TP3= @ 0.9000
TP4= @ 0.8930
TP5= @ 0.8860
TP6= @ 0.8785
TP7= @ 0.8640
TP8= @ Free
NZDCAD - WEEKLY SWING - 16. JULY 2018WELCOME TO DACAPITAL TRADING!!
NZDCAD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Bearish reaction after taking out 0.899 KL
DAILY
Overall very bearish heading towards new lows
WEEKLY
Expecting market to form new lows this week after this explosive bearish pressure
LEVELS
SELL NZDCAD @ 0.89500
SL @ 0.90110 (60 Pips)
TP1 @ 0.88830 (70 Pips)
TP2 @ 0.88580 (90 Pips)
MOVE SL TO BE @ HIT OF 88.6 FIB!
Weekly Wave Swing, Close 3/4 Position at Hit of TP1!
Enjoy our limited Free Content and Setups,
leave us a like and Comment!!
DACAPITAL TRADING
NZDCAD - WEEKLY SWING - 10. JULY 2018WELCOME TO DACAPITAL TRADING!!
NZDCAD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Small and Slow pullback to the upside in H4 Timeframe
DAILY
We have a Bullish Daily Wave with over 5 Days expecting a drop now..
WEEKLY
Small Pullback last two weeks after a big drop!!
LEVELS
SELL NZDCAD @ 0.89780
SL @ 0.90990 (120 Pips)
TP1 @ 0.88360 (140 Pips)
TP2 @ 0.87980 (180 Pips)
MOVE SL TO BE @ HIT OF 88.6 FIB!
Weekly Wave Swing, Close 3/4 Position at Hit of TP1!
Enjoy our limited Free Content and Setups,
leave us a like and Comment!!
DACAPITAL TRADING