Both NZD and CAD have made significant gains against the USD during the last week and to pick the stronger between the two is not easy. However, the NZDCAD chart does give us a good perspective. The trend line shows a slow but consistent grind to the upside, yet a strong resistance at 0.85440. You can see at least 8 attempts to breakout at the top and to me it...
Enter now 30 pip stop. Above 50/100 EMA Stochastic Looking Bullish Buy Signal on the MACD Stop Hunt already occurred after accumulation (Market Makers Playbook)
NZD/CAD struggles to break the key level. If the price will break it, we would take long entry with our members with awesome risk to reward and probabilities for a nice push to the upside.
Several touches and rejections of the ascending trendline. Most recent rejection lines up nicely with the 0.618 FIB. New higher high formed with several higher lows.
This pair has a good chance to break this horizontal key level while staying in this ascending triangle. If it happens, our students will be taking a long position with a nice risk to reward and probabilities for a nice push to the upside.
We are considering both scenarios for NZD/CAD because Ascending Triangle has coming to end and that's why we are putting two pending (both directions) orders if either of the triangle lines are broken. But be careful to put the entry too close to the broken line. Good luck !
NzdCad clearly reversed on a very strong resistance on most timeframes, Sell on confirmation. no much descriptions on this simple chart.. Please if you love my ideas support me with a LIKE, FOLLOW and also share your ideas on this particular pair too. Also always apply proper risk managements thanks!
NZDCAD reversed off its resistance at 0.85434 where it could potentially drop further to 0.82797. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
This currency goes up to these points. I hope it is useful. Good luck
Price is approaching resistance where we could be seeing a reversal below this level. Our first resistance level is in line with our 78.6% fibonacci retracement and 78.6% fiboanacci extension. Please also tell us what you would like to see next.
Price is approaching resistance where we could be seeing a reversal below this level. Our first resistance level is in line with our 78.6% fibonacci retracement and 78.6% fiboanacci extension. We will be posting the written version as well so do keep a lookout for that! Please also tell us what you would like to see next.
NZDCAD is approaching its resistance at 0.85820 where it is could reverse down to its support at 0.82797. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
wait for the price to test the key support level --> BUY ,. please do your own research before placing any buy order. good luck! **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...
nzdcad on the 1H timeframe . nzdcadis currently at a key level of suppord which as you can see has been tested quite a few times in the past. I am expecting it to go long. always use proper RISK MANAGEMENT please comment any questions or thoughts u might have about my analysis or this pair
NZDCAD expected to rise up to 1st resistance at 0.85820 where it could potentially react off and drop down to 1st support at 0.82797. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.