Get started

NZDCADSIGNAL

NZDCAD - BEARISH BIASNZD - BEARISH 1️⃣ New Zealand extended its level three lockdown restrictions in Auckland until at least midnight on Sunday, reporting 7 fresh cases of the coronavirus as community transmission persists. 2️⃣ The volume of total retail sales in New Zealand declined a seasonally adjusted 14.6% in the second quarter of 2020, posting the largest drop in total volume sales since the series began in 1995. CAD - BULLISH 1️⃣ CAD lifted by a rise in oil prices after tropical storms Marco and Laura hit the Gulf of Mexico and amid optimism about coronavirus treatments. 2️⃣ US Dollar Index (DXY) is staying on the back foot as the greenback struggles to grab investors' attention as a safe-haven. ===== TECHNICAL ===== - We shorting NZDCAD on pivot point level + SMA100 area + SBR level on H1 chart. - NZDCAD in bearish zone. ===== RISK TO THIS TRADE ===== This trade will hit stop loss if oil prices going down and market sentiment turns to risk-off mode.
Short
by MonsunAsia
NZDCAD/ Sell Wyckoff & Institutional BiasNZDCAD has reached its D1 Mitigation zone on the body, looks like it could push up to the mitigation on the 50% of the Institutional candle. I've already made my first entries on that first green line and I'm looking to enter my other entries on the black line above. Another thing that confirms my sell is the wyckoff schematic . Price has reached its UTAD area which signals a major reversal and long time sell. The risk to reward ratio used here is very good (5:92) Use proper risk management and safe trading.
Short
by baadmahn
NZDCAD SHORTFormation of a double top on the weekly, daily, and 4H chart gives a strong indication that price will head downwards after experiencing bullish momentum for a period of time. Price is also at an important area of resistance at which I expect the price to be rejected and head downwards to form a bearish momentum. Trading this pair using the breakout strategy. SL: 0.88470 (-59.5 pip risk) TP1: 0.86610 TP2: 0.85387 TP3: 0.84249 TP4: 0.83303 Let me know what you think. Let's get 'em pips :).
Short
by AzaraFx
NZDCAD long trade ideaPlan : resistance level breakout --> wait for 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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
5
NZDCAD sell on H4Plan : wait for price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL **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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX