NZDCADANALYSIS
NZDCAD Market Outlook | Daily Forex Market BreakdownNZDCAD
NC looking like a head and shoulders is forming. Watching very closely. NC might be the best looking sell out of all the NZD pairs at the moment. They are all looking good. Patience will be key we will let the high quality set ups present themselves to us. No need to rush into any trades.
NZDCAD Possibility Market move.
In the name of Allah, the Most Gracious, the Most Merciful
NZDCAD Possibility Market move.
Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
NZDCAD Trade Idea - 150 More Pips?? LONGMy Bias for this pair is that it still has some 150 - 170 more pips upwards, especially if that resistance at 0.875 doesn't get broken.
Rough Chart
Nzd/Cad (A Candle By Candle Analysis)Here im looking at the last 3 daily candles to get a story about what was happening and the mistake I made by entering early! So as you can see , price actually did find resistance , then created a doji at resistance the next day .... AND STARTED TO MOVE DOWN tricking me into entering the sell! The problem was that I was reading into the news data for Friday Wrong ... thinking news would help push this pair down (Along with Gbp/Cad) and I entered early during NFP that pushed me into the negative!!!!!
However... The Analysis still stands and Im ignoring the last 2 daily Candles because of news... This is a sell! (See The Montly Chart in my other Idea)
I was lucky because I used a small enough lot size to where I could withstand this move up against me!!!!
So in this trade .... I entered at resistance as price began to move down... It seems that I did everything right...
But my problem here was trying to enter this trade before the big news friday! This is a mistake I will learn from in the future and you should too!!!!
From now on , when price reaches daily resistance and begins to fall..... WE MUST SEE IF BIG NEWS COULD BE RELEASED THAT COULD PUSH THE TRADE THE OTHER WAY!!!!!!
Anyway... im still holding in the negative and I hope that someone learns from my mistakes and this chart!!!!
P.S. I made a mistake by saying price made it to the 200 day moving average on Dec 19. I meant to say that price made it to the 200 on December 5th!!!!!
NZD/CAD SHORTNZD/CAD SELL LIMIT
ENTRY 1 .86660
ENTRY 2 .86750
Sl .86877
Tp.1 .86410
Tp.2 .86200
Tp.3 .86920
NZDCAD approaching support, potential for a further rise!
NZDCAD approaching support at 0.86050 where it could potentially rise further to 0.86847.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDCAD BEARS ON RALLYBulls smashed TP
We back to bears, simple and clean..
join the Train but pick your stop.
NZDCAD Short setupWe are wathing Head and shoulder pattern in Short time frame. Overnight rate ahead also. We will follow Technical and enter with sell stop at breakout of neckline.
NZDCAD LONG - Possible 100 PIPSIf the 0.854 - 0.855 range gets broken, we confirm our BULL ride as shown in the snapshot below;
NZDCAD Market Outlook | Daily Forex Market BreakdownNZDCAD Is looking like a decent short! It is a bit early but I will say it looks good! Be careful for stop hunts which could serve as a good entry if we do see one.
NZDCAD 30MHello Traders!
This is in case the short doesn't work out,
this is the long trade consideration.
Best,
Jay
FURTHER PUSH UP BEFORE A DECLINE ON NZDCAD NZDCAD overall is in a Bearish trend and currently moving bullish after meeting support in what i would class as a retracement of a bigger move to the downside. You should be looking at how price reacts once it gets to our entry zone as well as divergence. Stop loss, Entry and Take profit have been marked.
NZDCAD - NEXT LEGANALYSIS ON NZDCAD
Welcome to my analysis
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30MIN CHart
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Interesting Point of interest In the NZDCAD pair.
- Price above 200 day EMA.
- look for sell signals.
- Expecting some more downward movement.
- Watch 0.85000/0.84320 for take profit.
- MACD showing bearish divergence
Stay Tuned
ANALYSIS ON NZDCADANALYSIS ON NZDCAD
Welcome to my analysis
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2HR CHart
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Interesting Point of interest In the NZDCAD pair.
- Price above 100/200 day EMA.
- sell at top 0.85000 zone.
- Expecting more downward momentum. Price could move to around 0.85400 before the fall
- Watch 0.84400 for take profit.
- MACD showing bearish divergence
Stay Tuned
NZDCAD Daily Closes Finaly With A Bullish CandleStick Formation About 2 Weeks Ago NZDCAD Broke Out of Its Wedge Pattern At A Weekly Major Support (See Previous Posts On NZDCAD)
Since Then We Have Had 2 Chances To Get In, 1st When It Broke Out 2nd Was At A Trend Line Break, Now We Have A 3rd One, The Daily Closed With A Bullish Engulfing Candlestick Formation (See Yellow Circle on The Candle) With A Counter Trend Line Break, And On The Lower Time Frames The Market Took Out Some Highs As Well,
It Looks Like The Market Is Finally Ready For Take Off.
We Also Have The RBNZD Rate Decision Coming Out Soon, Lets See How That Will Affect The Market.
NZDCAD potential reversal!
NZDCAD expected to rise up to 1st resistance at 0.84082 where it could potentially react off and drop down to 1st support at 0.83524.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
