Hi there. Price is forming a reversal pattern to change it’s direction. Wait for the price to hit the top of the pattern and watch strong price action for sell. We forecast that the down move will be corrective or will form a continuation pattern to the upside. Let’s wait and watch how it behaves.
NZD/CAD has broken stiff resistance at 200-DMA raising scope for further upside. Technical studies are supportive of further gains. Momentum with the bulls. Next bull target lies at 61.8% Fib at 0.9061. Break above 200W SMA at 0.9079. On the flipside, immediate support lies at 200-DMA at 0.8934. Retrace below could see weakness.
I know this looks primed for a short, but riding strength.
Was 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
Price 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:...
Looking 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...
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 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...
The 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...
NZDCAD 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...
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...
Looks 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 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...
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,...
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...
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...