NZDCAD erased all the gains from CAD rate hike. NZD is a high yield currency so understandably if they gain significantly against low yield currency such as USD but to gain a lot against another commodity currency such as CAD is puzzeling to me. Next week there is not much news for both NZD and CAD but the most significant data left this week is the CAD...
Following my resent analysis on the Euro against the Cad, here is a bullish bat for the New Zealand Dollar. The NZD, like the euro, has seen some strength in past weeks- however it has began to pull back slightly. This loss of momentum has aided the rapid decline in its value against the Canadian dollar, along with the BoC interest rate rise. This decline has...
Another retest to the trend line is possible if the price holds the curve support.
NZD/CAD A better perspective is to be gained from the 4 HR chart. A close of the 4 four below the major trend line. Price action under 200 MA Daily & 4 Hour. Bearish RSI, and Stochastic signals.
Add me on snapchat guys! - itsnotreallyike I'm currently short on NZD/CAD, opened at 9286.2. NZD/CAD currently in a big corrective structure so i'm waiting on the big drop. 10 pips in profit so i'll be looking to trail my stop soon. Good luck and follow me on snapchat for more updates (itsnotreallyike)
Good Morning Traders around the world! The NZDCAD 0.10% has consolidated on the 1 hour timeframe meaning we can prepare for another short opportunity which will hopefully take the market down to the key level i identified on my larger time frame analysis. (Below is the daily time frame and the breakout were expecting) Currently on the 1 hour timeframe, the...
Monthly candle analysis suggests that NZDCAD could stay below the 5 EMA for the month of August. Therefore, I'll be looking for bearish signals on the daily time frame for this pair. If a signal is generated, then I'll look to make entry on the 15 minute chart during London. I plan on booking profits at 50 pips and generating stops at 10 pips for every entry.
Nice break of both the cloud and support line. 9600 seems like a good short. Divergence on the stoch and a potential third wave down. Good RR
Should today close this way, I will be very bullish nice pinbar at support zone give us a good lre to ride on the momentum trade. NZD for a comeback ? trade with care..
double bottom with rsi divergence ... i wanna see a push higher through the "flip zone" to enter long into a further bullish move .. break of the lows means we should look for a short and reevaluate
On the daily time frame NZDCAD is showing a nice ascending channel. Previous candle touched the upper range and the current candle is trading outside of it,, making it a sweet buy setup. Stoch also just made its bullish cross over. Ive pointed out the next resistances areas which either be used as take profit targets or a target at which you move up your stop...
NZD/CAD trades with a strong bearish bias, scope for test of 78.6% Fib at 0.9297. The pair has broken below major trendline support at 0.95 levels last week. Decisive break below major 200-DMA support at 0.9562 on Tuesday's trade has added to downside bias. Momentum studies are heavily bearish, RSI extremely weak at 36 and biased lower. MACD also support...
NZD CAD is looking like its about to reach it's fifth wave at around the record highs before it runs out of steam. My TP1 has been taken and now I'm waiting for TP2 with stops at break even. I'm expecting a big down move after this is all over.