The New Zealand Dollar has been strengthening in an ascending channel against the Canadian Dollar during the past five weeks. This pattern is a part of a more senior channel whose upper boundary is located nearby circa 0.9440. Taking into account the highly-positioned technical indicators, it seems that the Kiwi might decline this week and even beyond in line...
NZD/CAD has shown a decisive break above 200-DMA at 0.9111, bias bullish. The pair is trading in a rising channel and we see scope for test of channel top at 0.9290. Technical indicators support higher, momentum studies are bullish and we see +ve DMI dominance. Breakout at channel top can propel the pair higher. Scope then for test of 61.8% Fib at 0.9331 ahead of...
Entry - .94150 SL- .94700 TP - .93500 TP - .92700 TP - .92000 Red Dotted lines are temporary S&R levels Orange lines are more well respected S&R levels
For a long and continuation in trend direction I would like to see that price bounce from the s/r zone + the trendline (double confirmation) could be tricky to play but that depends on price action we will see in this area . Alternative i have the short scenario on my list with a valid break n close below the s/r zone + trendline (again double confirmation)...
With disappointing news about CAD retail sales earlier and oil continues to fall, while NZD's TPP deal is expected to boost New Zealand's GDP growth, riding the current bullish trend for this pair, with TP near 95 and SL between R1 and base pivot lines (H1). www.poundsterlinglive.com www.reuters.com news.torfx.com Daily: Weekly: Confidence: A (but...
More upside should price close above 0.93 Support at 0.925, next resistance at 0.94 Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for...
Price breaks above resistance. Previous resistance turn into support bullish sentiments. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable...
The New Zealand Dollar has been trading in a rising wedge against the Loonie for four months. The pair has likewise formed a short-term channel up valid since early January. The rate’s failure to reach the upper wedge boundary last week suggests that a possible breakout from the wedge might be due and, given that this senior pattern was entered from above, a...
Looking foward, NZD/CAD has found support around 0.9015. With level 3 Divergence present on the RSI, i can feel confident in this trade. On a bigger time frame (H4, D1), we can see a diverging Double Top signaling a short, with Market Makers in mind, i can see this making a third push to the high to trap long breakout traders and stop out those already short. Will...
The bullish-ness shall continue. However, one should chase with care as price has already makes its move. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such...
Quick setup could arise if NZDCAD heads down to one of those trendlines for a 3rd bounce and/or a final wave up. I see little opportunity to the upside if entering long in this area. However, I will not open a short in anticipation of a dip lower for liquidity as these moves sometimes randomly break up and continue making new highs. If price heads lower and stalls...
The New Zealand has appreciated substantially against the Canadian Dollar since early December, thus forming an ascending channel. This pattern is a part of a senior channel whose upper boundary circa 0.91 was tested on January 11; this mark is likewise a five-month high. The Kiwi has since reversed from the given area and initiated trading lower. If looking at...
0.895 as support zone Any retrace back to that zone would qualify as a low risk entry trade. no point chasing the price now. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if...
The New Zealand Dollar has been trading in an ascending channel against the Canadian Dollar since mid-November. The upper boundary of this pattern was tested on November 18 that was followed by a new wave down. The Kiwi has stopped near the 0.8900 on various occasions, thus forming a descending triangle. Characteristics of both patterns suggest that the Kiwi...
Seems like NZDCAD is gearing up for a short based on this trend. If it breaks this line expect more bullish but I'm expecting it to drop during this US Session today.