Nzdcad preints an head and shoulder pattern, curently there has been a breakout of the neckline and a retest,
We expect a fall in the currency pair up to 0.85700 region
Goodluck
- Closed above a key level (indicating a good level of support).
- Recently created a HIGHER LOW.
- Dragonfly & Bullish Engulfing formed over the last few days.
- 20 EMA just below price.
(High impact AUD news tomorrow may have close correlation with NZD price action)
The third touch on the trendline could be rejected for push downtrend. Although, it should be noted that the pair has made new higher highs so careful monitoring of this pair is important.
Potential entry @ 0.87684
SL: 0.87931
TP1: 0.86834
TP2: 0.85692
NZD - BEARISH
1️⃣ Investors continue to expect negative interest rates following dovish statements last week from RBNZ.
2️⃣ Fresh news showing Sino-American and Aussie-China jitters join virus woes and vaccine hopes to confuse traders.
CAD - BULLISH
1️⃣ Crude oil futures rose more than 2% to trade above $40 a barrel on Tuesday, after latest data showed China,...
Hello Traders,
Here is the Top-Down Analysis of NZDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 40 - 30 Sept
M > Market is moving in a downward channel and price has dropped from resistance level of the channel completing the W formation.
W > Price dropped to test monthly support, faced rejection and moved to test weekly resistance....
Hey traders, here is the analysis for the NZDCAD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Hello Traders,
Here is the Top-Down Analysis of NZDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 42 - 12 Oct
M > Market is moving in a downward channel, price dropped from resistance level of the channel completing the W formation.
W > Price dropped to test monthly support, faced rejection and moved to test weekly resistance. Price...
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Forex Trade
NzdCad
Analysis Number 4
12 October 2020
Price touched our reaction zone, now the price structure is still bearish so we cant take any long trades.
Wait for the price to shift in structure and momentum for any bullish setups.
AQZ Fibs Set Up based on 1 hour time frame. Price is near preferred entry.
I am entering trade now and setting stop loss at red zone 2.
Please don't forget to FOLLOW, LIKE, and COMMENT ...
If you like my analysis:)
Thank you and Good Luck
Hello Traders,
Here is the Top-Down Analysis of NZDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 41 - 06 Oct
M > Market is moving in a downward channel, price dropped from resistance level of the channel completing the W formation.
W > Price dropped to test monthly support, faced rejection and moved to test weekly resistance. Price...
Plan: wait for the price to bounce off from demand zone --> 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...
NZD / CAD finally broke through the strong structure, and did the bounce as we drew, now what we hope is that it will break through and close below 0.87600, and then it would be a nice opportunity.
