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...
FX:NZDCAD Bulls Mode: . Expecting Bearish RSI Divergence and a pull back (wave 2); . Wave 3 targeting the 161% extension of wave 1; . New pull back that can not cross wave 1 top; . Wave 5=wave 1 target @0.9250$ Bears Mode @61.8% from previous move (A to B); AB=CD target @0.8735$ Safe trades; open.spotify.com
Going short on the broken bull trend, its in consolidation and im hoping for a smooth ride to next trend line.
The pair has broken below the uptrend and is now correcting towards it providing a good opportunity to consider shorts.
Prices are below KUMO Lagging span broke its own KUMO Prices are below the trend lines Resistance around 0.89700 I wouldn't trade if prices enter the red triangle (uncertainty) Wait until the Lagging span crosses down the trend line before selling 1st target 0.86570 2nd target 0.86220 3rd target 0.85280 tight stop loss just above Tenkan Sen around...
Hi, I sold high in the third convergence and I let run the trade. The price went down in waving many times and taking months to reach the TP. I am aware that I closed the sell too soon, but the profit was good. In reality, after months I had forgotten to change the Take Profit. In any case, this was a Great Trade and the Best way to Close this profitable...
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...
The recent risk rally has encouraged commodity currencies higher. As crude ignores the globalized downturn in economic output and ongoing "pump at all costs" mantra of producers, the Canadian dollar has hit a three-month high against the dollar. Crude aside, traders have also factored in the fact that the potential for a rate cut from the Bank of Canada had...
NZDCAD DAILY (BULLISH BAT PATTERN)LONG
As a continuation to the idea from the Daily anticipated Harmonic move, I dropped to the H4 time frame to identify the best area to short this pair. I have identified a clear support area which may act as resistance. At the red area, I want to look for a bearish candle stick formation (Bearish Engulfing, Pin bar, etc) and look to short NZDCAD to the Green Area...
NZDCAD Daily Time Frame I am looking for a pullback then a continuation to the green zone at an uptrend line
Explanation: Red line: Significant Weekly Highs/Lows
Brent crude has been able to rally on little volume during the U.S. banking holiday and rumors surrounding a potential unified OPEC production cut, issued by the UAE energy minister just as WTI was carving out a 12 year low (and in the middle of the night, local time, no less.) Four days later, there has been no new reports of said production cut proposal, but...
Good morning traders, I´m posting a potential long term view for NZDCAD . A top might be formed around 0.965 and since then new lower highs . Also with the rationale of my other post that Oil prices bottomed, I have bearish bias on AUD & NZD vs CAD pairs SL @ 0.7275 You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never...
Waves within Waves, Short the 5th wave of the 4th Corrective move trading within the channel up till 61.8% Fibo level at price 0.8965, then Go LONG from this level to breakout the channel resistance 5th wave (impulse) on the Weekly chart. Apply due diligence.