i short bzd cad because i found cad very undervalued also NZD milk price was down of more 3% since last and new Giv and member on monetary policy is still not clear for futur. short at 0.9021 target 0.8920 Gain 101 pips come with 2x 1lot will cut the first at +30-40 pips and make a Sl on a 2nd at +15 for securite 45-55 pips if my plan fail
nzdcad breakout trendline it is going to retest daily breakout wheres my arrows
Hi guys, I am seeing lots of rejections on this pair and I m looking to sell it. My target is KS level as shown in my chart at around 0.89700. Feel free to like/comment my ideas. Cheers Jesse
A descending channel has confined NZD/CAD since late August. The latest test of its bottom boundary occurred on November 17 when the New Zealand Dollar reversed to the upside and formed a channel up. In line with this pattern, the pair should still appreciate up to the 0.89 area where the upper boundaries of this pattern and the senior one are located. However,...
Price is approaching a critical support zone - 0.88 I am looking for a possible long trade and swing it back to the resistance level. Disclaimer : This analysis does not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before...
Hey guys, the pair has broke a strong trend line to the upside. Looking to buy this pair as soon as the pullback on H1 is over. Target is next fib level as shown in my chart. Cheers Jesse
After a new bullish trend stars, I think that still going up at least to 0.9105 completing the shark pattern. First we got to wait for the pullback to the green zone fot take a long trade. There is a key zone at 0.9105/10 where is the daily resistance. if price brekeout thar zone, we can go to 0.9230 for complete a larger shark pattern. I hope that you can take...
- NZD/CAD has shown a decisive break above 20-DMA, currently hovers around 50-DMA at 0.8855 - RSI biased higher, gaining upside traction at 56 levels - Stochs are biased higher, momentum studies are bullish - We see bullish divergence from price action on RSI and Stochs Support levels - 0.8787 (20-DMA), 0.8785 (5-DMA), 0.8740 (Sept 12 low) Resistance levels -...
Price has found itself at the bottom of the bigger pattern and I am expecting a breakup out of the falling wedge. Look to go long soon. Good luck
The pattern that has dominated the NZD/CAD currency pair for the last three months is a descending triangle. The rate was respecting the boundaries of this pattern for some time. However, this situation changed early in November when bulls failed to reach the upper boundary of this medium-term pattern. From this point forward, the pair has been stranded in a...
A strong bearish market pressure insist on the cross The graphical chart confirm the presence of bearish trendline that drive the pressure since many weeks this analysis are based on market pressure. For free market pressure of all crosses visit my twitter profile
- Monthly M.A. down - Weekly M.A. down - Wicks spiking through 8 EMA - Daily M.A. down, strong Daily close below 0.8775 preferred. H4 : Price broke through our C.T.L. but is not able to go through 0.8775 yet. Would like to see a strong bearish close (daily preferred) below.
NZDCAD broke the moving average, suggesting a potential trend change. This in tandem with October's monthly bear candle gives me enough reason to believe a down trend is about to begin. My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0. Each order contains a 30 pip stop loss and no take profit target. These...
NZD/CAD is being guided by three patterns, namely, two descending channels and a short-term channel up. The pair is currently moving along the upper boundary of the five-month channel circa 0.8975. The two other patterns, however, imply that the Kiwi should still strengthen against the Canadian Dollar within the next week up to the psychological 0.90 mark. Thus,...
After price completed a running flat between 12th September to 17th October, we saw price made an impulsive down move forming the recent low at 0.8690. Since then, price has been developing in a corrective structure, and we are now expecting another move lower potentially towards 0.8524 - 0.8651 area. Disclaimer - make sure you have a proper plan to engage the market.