Display: FX:NZDCAD Description: As shown above we have FX:NZDCAD . Currently this pair is ranging between 0.89500 – 0.87500, Going back to 4th March Price was still bearish but rallied up to 0.91100 which was a 0.786 retracement of the previous swing high. Followed by two larger sized Doji's and failure of...
NZD/CAD is holding above strong trendline support at 0.8778, breaks below could see test of 0.8710. Weekly charts show that downtrend for the pair is intact and we see scope for tests of 85.85 in the medium-term. Technical indicators on daily charts are biased lower, Stochs and RSI convergence seen with price action. On the fundamental side, analysts feel oil...
NZD/CAD has re-entered the channel after brief dip below, has edged above 10-DMA in today's trade and 5-DMA has turned north. The pair failed to close below strong support at 0.8874 (double bottom, Oct 27th and Dec 4th 2015). Stochs are showing a clean rollover from oversold territory, and RSI strong and biased higher, at 46 and further room to run. Price...
The pair has broken below the uptrend and is now correcting towards it providing a good opportunity to consider shorts.
NZD/CAD has broken below strong trendline support at 0.9075 and hit fresh 2-month lows at 0.8887 in today's trade. Next support for the pair lies at 0.8874 (double bottom), breaks below could see downside upto 0.8780 levels. Techs point further downside, RSI and MACD are biased lower. Price action well below the cloud and we see a 5-DMA bearish crossover on...
NZD/CAD upside has been capped at 0.9226, pair has edged lower to currently trade around 0.9140. Price action on the 4-hourly charts has dipped below the cloud and 5-DMA, momentum studies are bearish, support further downside. Strong support on the downside is located at 0.9080 (cloud base and Feb 19th low), breaks below could see test of 0.9065 (rising...
CYPHER PATTERN PAIR: NZD/CAD TIME-FRAME: 1HR TRADE: CYPHER PATTERN Waiting for the market to push up a bit more to fill us on the bearish Cypher Pattern. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart FACEBOOK: facebook.com YOUTUBE: www.youtube.com
BAT PATTERN PAIR: NZD/CAD TIME-FRAME: 1HR TRADE: BEARISH BAT PATTERN Looking at the NZD/CAD on the 1 Hour time frame, waiting for a potential bearish Bat Pattern to complete, for an opportunity to short this pair. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart...
A PIN BAR HAS FORMED ON THE H4 CHART. STRONG DOWN TREND ON THE DAILY CHART. FALLING TREND LINE TAKE PROFIT IS SET TO HALF MY POSITION AS I THINK THERE COULD BE ROOM FOR POSSIBLE FURTHER DOWNWARD MOVEMENT. STOP WOULD BE MOVED TO BREAK EVEN.
Decline from wave ((X)) high at 0.962 is proposed to be in a triple three structure (W)-(X)-(Y)-(X)-(Z) where wave (W) ended at 0.929, wave (X) ended at 0.9457, wave (Y) ended at 0.8784, second wave (X) ended at 0.9041, and wave (Z) is currently in progress. From second wave (X) at 0.9041 high, decline in wave (Z) is unfolding in the form of a double correction...
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept. *Please hit the zoom-out button once* (or more if you're feeling wild) This may look like a mess, but the last few "bars" on the chart are holding some useful information! I'm sure I'm not the...