Get started

Nzdcadlong

NZDCAD LONGTERM Projection! SELL FIRST BUY LATER!Technical Analysis 1. LARGE Expanding Megaphone with Flagpole 2. (Current Market is going down after breaking out of a falling wedge pattern. 3. Using trendline to connect 2 touchpoints we find our 3rd touchpoint sitting on Fibonacci Retracement Level of 0.618 (Golden Zone) 4. Fibonacci 0.618 level is also sitting on structure/key level with 2 support. (Horizontal and Trendline this will give us an area of confluence providing us with strength in the support level) 4. Using Fibonacci Expansion, we can find our potential market take profit level which is also the height of the flagpole.
Short
by traderprosignals
NZDCAD facing bearish pressure, potential for further downside!NZDCAD is facing bearish pressure from descending trendline resistance. Prices might face resistance from 1st resistance which coincides with 100% fibonacci extension and 61.8% fibonacci retracement. Prices might push towards 1st support level which coincides with 61.8% fibonacci extension and -68% fibonacci retracement. If prices push past 1st resistance, prices might face resistance from 2nd resistance which coincides with 127.2% fibonacci retracement. EMA is also above prices, showing bearish pressure.
Short
by TradeGATEHub
1
NZDCAD facing bullish pressure, potential for further upsideNZDCAD is currently taking support from ascending trendline support. Prices might pullback to 1st support which coincides with 100% Fibonacci extension . Prices might bounce from 1st support to 1st resistance which coincides with 78.6% Fibonacci retracement and 100% Fibonacci extension . If prices fall through 1st support, it might take support at 2nd support which coincides with 61.8% Fibonacci retracement and 161.8% Fibonacci extension . Prices are also above EMA which shows bullish pressure for prices.
Long
by FXCM
3
NZDCAD facing bullish pressure, potential for further upsideNZDCAD is currently taking support from ascending trendline support. Prices might pullback to 1st support which coincides with 100% Fibonacci extension. Prices might bounce from 1st support to 1st resistance which coincides with 78.6% Fibonacci retracement and 100% Fibonacci extension. If prices fall through 1st support, it might take support at 2nd support which coincides with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Prices are also above EMA which shows bullish pressure for prices.
Long
by FXCM
4
NZDCAD long trade idea (update!)Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
NZDCAD 4HR/1D LONG SETUP Hi and welcome to yet another analysis on the 4 Hour and One day time frame! In this analysis I have many confluences which help lead to my final decision on this trade. Currently were still waiting for the actual entry on this trade but its coming up soon. We look for a strong confirmation of the Fibonacci zone. As you may notice there are 2 different Fibonacci's Retracements one for the daily time frame and one for the 4HR time frame. These help in confluence to explain the movement of price to the upside. Its a simple process to understand. Were identifying the trend and using price action to help make a final decision. Longer term trades are always better in my opinion because there higher amounts of pips and come with fewer losses if analyzed correctly. I was asked by a friend of mine to actually break this chart down to help other understand like him. So let me know if the comments below if this is a trade you will also take. I also welcome constructive criticism or any of your opinions. Always love to chat with fellow traders.
Long
by BennettTrades
NZDCAD is facing bullish pressure, potential for further upsidePrice is facing bullish pressure as it continues to hold above both the Ichimoku cloud and ascending trendline support, in line with our bullish bias. We could potentially see a bounce at our 1st support at 0.92613, which is in line with our 61.8% Fibonacci retracement and 127.2% Fibonacci extension, and further upside towards our 1st resistance at 0.93295, in line with our 61.8% Fibonacci extension. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
7