On the daily time frame NZDCAD is showing a nice ascending channel. Previous candle touched the upper range and the current candle is trading outside of it,, making it a sweet buy setup. Stoch also just made its bullish cross over. Ive pointed out the next resistances areas which either be used as take profit targets or a target at which you move up your stop...
Hey Folks, Looking for upside, buy breakout of the channel. - Hey Amigos, Buscando una compra, comprad la ruptura del canal. Carlos
Hi All, Here is my weekend Analysis on this pair. Please note that this is only a guide I do not trade in the weekly time frame. Happy Trading.
If you look at the monthly chart of the NZDCAD Forex pair, you will see that is has been on a uptrend since it's opening. However, you could also clearly see that it cannot penetrate above the levels of the monthly (major) resistance. With the continuous failure to break above, a possible trend reversal (on monthly level) may be taking place -- the bears are...
I buy it after break and correction with blue area
On NZDCAD we have an awesome bearish setup. The price is heading towards the 14 and 72 EMA and the lower range while the Stoch RSI shows alot of selling pressure and the Adx shows a strong bearish trend. This leads to the conclusion that NZDCAD is heading for a further drop! Take profit: 0.92800 Stop loss: 0.95200
Details are well described in the post. A short term sell is possible. However, keep in mind that the pair can go more up during the days to come.
Strong CAD makes this attractive. Even though the top resistance test only happened within a week and is a falls confirmation, I still think it's worth following and see if the it breaks short below 0.94500.
as you all know that I was watching this pair since too long also I posted a trade with the same pair in past. NZDCAD 0.33% is now at all time high so I am opening a short position for a long term scenario because I think risk is very minimum with this pair. Thanks
So many interesting JPY pairs currently. Because NZD is not the most exciting currency, I chose to have a bit extra attention on this pair. A lot is pointing downwards, besides magic-t which I didn't draw because of the new-year low volume. It's the only time of the year I can't trust the volume. If this breaks the 80.565 resistance and gets under 55MA, I will be...
This pair, after a long upsurge, from 2015 until 2016, is showing the signs of exhaustion. The first phase of tumbling is almost over. In my telemetry, this pair will climb a little bit up for more or less two or three weeks, then will collapse down. In short, I am waiting for a consolidation before the pair tumbles.
this is will be last 2 weeks of 2016 trading, the volume expected to be light. 1) NZDCAD still on the upward Channel 2) high yield currency 3) Weekly above 50 EMA well supported -> monitor if the greenlight broken down or bounce off.
Already in for uptrend move. Expecting weakening CAD after lower oil price.
IS CLEAR TP @ 0.88000
Going long after downtrend. Targeting previous high. Looking closely to oil price.
NZDCAD 1H Short trade with a potential RR of 1:7. We have 2 targets as shown below. Enter the trade AFTER the current correction. Good luck. Zak