NZD/CAD SHORT SL 0.9064 EP 0.8976 TP 0.8800 RRR: 1.98 TP2 0.8700 TP3 0.8600
After confirmation by PA we can possibly see a nice short entry in the bouncing zone Price broke trendline ...lets see if it can pullback on it
possible short opportunity, awaiting MACD and VI confirmation for entry.
Bulls got pretty tired around the .89200 area, looking for another long swing up near that area again! 1hr bull setup.
NZD/CAD has broken major trendline support at 0.8790 and is currently trading around 0.8710. Technicals on daily charts support downside in the pair. Stochs are biased lower, momentum studies are bearish and MACD line is on the verge of a bearish crossover on signal line. The pair has slipped below 50-DMA at 0.8821 and major moving averages are biased...
Follow the main trend, it's the easy and profitable way. When price reverses after correction, it gives good entry levels and profit targets. Price bounced from Moving Average with period 50 and we have sell signal. Entry 0.8767 and stop order should be placed above 0.8875. Target 1 for short term could be 0.8605, it's near support level and Bollinger Band. Target...
Look at jumping in on this down trending market at 0.8775 level if price can break below... Price has retraced, testing new Resistance, now looking for the signal to short this market. Stops @ 0.8793 Good potential reward on this set up, 1:2 initial targets, further targets @ 1:4 + if market continues to show bearish momentum.
Nzd/Cad Is currently in a steady "Long-term Downtrend" with Intraday Traders taking Long positions from the end of April, this now gives us another chance to join the Downtrend. I would like to see some rejection and price action around 0.8900 which will signal a nice "Bearish" move
13 Countdown sell signal followed by an Engulfing candle and a close BELOW the T-Line.
Display: FX:NZDCAD Description: As shown above we have FX:NZDCAD . Currently this pair is ranging between 0.89500 – 0.87500, Going back to 4th March Price was still bearish but rallied up to 0.91100 which was a 0.786 retracement of the previous swing high. Followed by two larger sized Doji's and failure of...
NZD/CAD is holding above strong trendline support at 0.8778, breaks below could see test of 0.8710. Weekly charts show that downtrend for the pair is intact and we see scope for tests of 85.85 in the medium-term. Technical indicators on daily charts are biased lower, Stochs and RSI convergence seen with price action. On the fundamental side, analysts feel oil...
NZD/CAD has re-entered the channel after brief dip below, has edged above 10-DMA in today's trade and 5-DMA has turned north. The pair failed to close below strong support at 0.8874 (double bottom, Oct 27th and Dec 4th 2015). Stochs are showing a clean rollover from oversold territory, and RSI strong and biased higher, at 46 and further room to run. Price...
The pair has broken below the uptrend and is now correcting towards it providing a good opportunity to consider shorts.
NZD/CAD has broken below strong trendline support at 0.9075 and hit fresh 2-month lows at 0.8887 in today's trade. Next support for the pair lies at 0.8874 (double bottom), breaks below could see downside upto 0.8780 levels. Techs point further downside, RSI and MACD are biased lower. Price action well below the cloud and we see a 5-DMA bearish crossover on...
NZD/CAD upside has been capped at 0.9226, pair has edged lower to currently trade around 0.9140. Price action on the 4-hourly charts has dipped below the cloud and 5-DMA, momentum studies are bearish, support further downside. Strong support on the downside is located at 0.9080 (cloud base and Feb 19th low), breaks below could see test of 0.9065 (rising...