Nzdcadbuy
NZD/CAD Full breakdown I will be doing a full breakdown from monthly to daily. Also I will be including Fundamentals that will help us out with the direction as well.
Monthly:
The price is currently rejecting a demand zone which is good because it can be a sign of a rejection to the up-side like it happened in the past.
Weekly:
The price is clearly over extended. When price is over extended we can expect a correction. If we take the fibonacci to measure the possible correction we can see that the .786 fibonacci level is in confluence with structure. We could expect the price to make a correction and reach the price of 0.88151.
Daily:
The price is bearish making lower lows and lower highs. We need to wait for the shift of the price to a bullish price.
Fundamentals:
To see this movement happen the base currency must be stronger than the quote currency for that specific period of time.
-If we look at the commitments of traders we have a good confirmation that base currency is currently stronger than quote. In the COT we can see that institutions closed 3,078 long and opened 7,862 shorts of the quote currency( CAD).
- Institutions opened 2,630 and also opened 5,939 shorts of the base currency(NZD)
-The base currency is stronger than the quote currency. We can definitely expect the movement to the upside.
With all the information that I gather we can see that there is a strong possibility for the movement to the upside happen.
NZDCAD, We are in sell zone areaHello everybody
According to the chart you can see after breakwave that we made and the trend that changed to downward and the power of the bullish and correction was became weak its time to take short position until reach to the target .
In our way we have another minor resistance that the price can impact to it and after that its ready to break that down and continue the wat toward the target.
Dont forget use stop loss and trail your position and manage it
Good Luck
Abtin
NZDCAD BUY TRADE IDEA - BREAK OF STRUCTURE & WEEKLY ICIHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/
Monthly, Weekly, & Daily is bullish. We go on the weekly where we can see that we have an ICI to the upside and a major support structure where the market has tested it multiple times before, we are expecting it to retest the support before it continues to the upside. Dropping on the 4H time frame, we are waiting for the MACD to be above the 0 and EMAs are already cut for long, our entry is at the structure and stop loss is below structure and last low, our take profit is at the impulse of the weekly.
Trade Signals
BUY
Entry: 0.88063
Take Profit: 0.90044
Stop Loss: 0.87416
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
NZD/CAD Is About to Reverse 💡 📈 NZD/CAD | Potential Upward Movement
💡 Buy Limit Order @ 0.88359
🎯 Target Profit 0.88820
🛑 Stop Loss 0.88128
❌ Do not risk more than 1% of your account on each trade
Description:
The price found buyers around the 61.80 % Fibonacci retracement level after managing to break the bearish channel pattern. This shows that the buyers are taking control of the market and might push to the upside which is the opposite direction of the current trend.
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🙂 Good Luck!
NzdCad can reach 0.9After finding strong support in 0.8620 zone, NzdCad reversed and made a first leg up to 0.9 figure.
Now the pair is correcting this move and this can be a good chance for bulls to get onboard
0.8780-0.88 zone is strong support at this moment and dips to that zone should be bought for a new rally to 0.9 zone
NZDCAD: Catch The Ride DownI would expect the price to come back to the equal low liquidity before we see any signs of bulls.
I would want to enter sells on a slight pullback.
If we see a pullback with signs of rejection I will be scaling in sells for a juicy drop to the downside.
Do you agree with me?
NZDCADprice already broke the uptrend channel and already make an retest to, waiting the candle confirmation and we ready for short trade. But price maybe broke the retest and going uptrend. remember always waiting for the breakout + retest + candle confirmation + money management + psychology. GOOD LUCK
NZDCAD Hello Friends, I am looking for great long opportunity in this pair. As price has broken Descending wedge and started bullish corrections in range. I will be looking for structure areas where I will wait for rejections or Will wait for breakout and retest. Range structure levels are both in long favor we just need to see confirmations for good risk to reward ratio.
nzdcad sellnzdcad sell :
Reasons :
1)there is a nice pattern trend formed in 1h,4h,1d timeframes
2)a bullish pin candle is formed as marked in the previous days which indicates perfect entry for sell
3)bearish naked candle confirmation in 1h,4h time frames
take profit : green line
stop loss : red line
wait for my confirmation to place trade
💡Don't miss the great buy opportunity in NZDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8778).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.8812
TP2= @ 0.8843
TP3= @ 0.8861
TP4= @ 0.8886
TP5= @ 0.8911
SL= Break below S2
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💡Don't miss the great buy opportunity in NZDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8778).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.8812
TP2= @ 0.8843
TP3= @ 0.8861
TP4= @ 0.8886
TP5= @ 0.8911
SL= Break below S2
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
NZDCAD Can Go up After the Retracement
Welcome back Traders, Investors, and Community!
Hi Traders, NZDCAD on H1 might have a retracement at 0.8727 which is the Support line before it continues its uptrend. If the price reaches at 0.8727 with a reliable candlestick pattern we can go long for short term TPs.
⬆️Buy now or Buy at 0.8727
⭕️SL @ 0.8714
✅TP1 @ 0.8775
✅TP2 @ 0.8797
✅TP3 @ 0.8837
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Have a Profitable Day
💡Don't miss the great buy opportunity in NZDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8727).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 0.8775
TP2= @ 0.8797
TP3= @ 0.8837
TP4= @ 0.8871
TP5= @ 0.8929
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in NZDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8727).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 0.8775
TP2= @ 0.8797
TP3= @ 0.8837
TP4= @ 0.8871
TP5= @ 0.8929
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NZDCAD - FOREX - 21. JUNE. 2021Welcome to our weekly trade setup ( NZDCAD )!
-
1 HOUR
Bullish price action after closing above main sr level.
4 HOUR
Overall bullish market structure.
DAILY
Expecting further bullish price action.
-
FOREX SETUP
BUY NZDCAD
ENTRY LEVEL @ 0.86430
SL @ 0.86050
TP @ 0.87030
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN