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Nzdcadlong

NZD CAD - Breakout triangle continuation , let's go up!Let's see NZD CAD , thought 0.91500 might act as strong support and let start a retracement but 3 minutes ago , 4h candle close above the previous high , so i'm looking for some long position . Would wait for a retest of the resistance with a SL below the candle. First target might be around 0.92500 , old support zone that this time could act as resistance. That's just my analysis , my opinion , you don't have to take this post as a financial advice. Remember to always protect your capital. Have a nice day traders , remember that this week will be a high risk week because of the meeting will occur this week.
Long
by maro9392
NZD/CAD struggles at 200-DMA, long break aboveNZD/CAD is extending choppy trade below stiff resistance at 200-DMA at 0.9022. Technical indicators are biased higher. Momentum studies are bullish. Trend indicators support upside. Breakout at 200-DMA raises scope for test of 50-DMA at 0.9112 ahead of 61.8% Fib at 0.9238. On the flipside, the pair is holding above 21-EMA which is strong support at 0.8969. We see weakness only on break below. Support levels - 0.8981 (5-DMA), 0.8969 (21-EMA), 0.89, 0.8880 (Jan 5 lows) Resistance levels - 0.9022 (200-DMA), 0.9065 (38.2% Fib), 0.91, 0.9112 (50-DMA Good to go long on decisive break above 200-DMA, target 0.9065/ 0.91/ 0.9120
Long
by FxWirePro
NZDCAD ShortHello traders today we are looking at #NZDCAD, we have broken trend line #1 because of that we will only look for #Short positions. Price has been falling for 6 weeks straight now, we will look for a retrace before entering short. A good retest of the Black EMA (100) would be something ideal before we enter. Please be patient on looking for a reversal candlestick or a flag pattern before entering. i will update on all of the trades posted. If you have any questions please contact us via Private Message or via comment. -Professor
Short
by Elev8FX